MIRA INFORM REPORT

1. Summary Information

		Country	India
Company Name	Symbiosis Electronics Private Limited	Principal Name 1	Mr. Kamesh Kumar Singh
Status	Moderate	Principal Name 2	Mr. Sudhir Sharan
		Registration #	03-011912
Street Address	Binoshiba House, Plot No.655, Fraser Road, Chandni Market, Patna – 800001, Bihar
Established Date	20.01.2006	SIC Code	--
Telephone#	91-612-6452892	Business Style 1	Distributors
Fax #	91-612-2210900	Business Style 2	--
Homepage	--	Product Name 1	L G Electronics Goods.
# of employees	Not Available	Product Name 2	--
Paid up capital	Rs.11,000,000/-	Product Name 3	--
Shareholders	Bodies corporate -99.00%, Directors or relatives of directors- 1.00%	Banking	State Bank of India
Public Limited Corp.	No	Business Period	7 years
IPO	No	International Ins.	--
Public Enterprise	No	Rating	B (29)
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	17,197,000	Current Liabilities	14,178,000
Inventories	7,082,000	Long-term Liabilities	0,000
Fixed Assets	24,000	Other Liabilities	829,000
Deferred Assets	3,000	Total Liabilities	15,007,000
Invest& other Assets	7,121,000	Retained Earnings	5,420,000
		Net Worth	16,420,000
Total Assets	31,427,000	Total Liab. & Equity	31,427,000
Total Assets (Previous Year)	24,787,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	NA	Net Profit	1,771,000
Sales (Total Income) (Previous yr)	NA	Net Profit(Prev.yr)	1,768,000

MIRA INFORM REPORT

Report Date :

22.05.2013

IDENTIFICATION DETAILS

Name :	SYMBIOSIS ELECTRONICS PRIVATE LIMITED
Registered Office :	Binoshiba House, Plot No.655, Fraser Road, Chandni Market, Patna – 800001, Bihar
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	20.01.2006
Com. Reg. No.:	03-011912
Capital Investment / Paid-up Capital :	Rs.11.000 Millions
CIN No.: [Company Identification No.]	U52334BR2006PTC011912
TAN No.: [Tax Deduction & Collection Account No.]	PTNS03250C
Legal Form :	Private Limited Liability Company
Line of Business :	Distributor of L G Electronics Goods.
No. of Employees :	Not Available

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

Maximum Credit Limit :	USD 66000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Profitability of the company appears to be low. 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.

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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

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

LOCATIONS

Registered Office :	Binoshiba House, Plot No.655, Fraser Road, Chandni Market, Patna – 800 001, Bihar, India
Tel. No.:	91-612-6452892
Fax No.:	91-612-2210900
E-Mail :	goodhost@sify.com ca.sudhir79@gmail.com

DIRECTORS

As on 30.09.2011

Name :

Mr. Kamesh Kumar Singh

Designation :

Director

Address :

House No. 8, Salimpur Ahra, Kadamkuan, Patna – 800003, Bihar, India

Date of Birth/Age :

17.01.1957

Date of Appointment :

15.03.2012

DIN No.:

01114305

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
1	U15511JH2002PTC012146	SPICY BEVARAGE PRIVATE LIMITED	Director	17/11/2004	17/11/2004	-	Active
2	U15511BR2002PTC009748	SHIPRA BEVERAGE PRIVATE LIMITED	Director	17/11/2004	17/11/2004	30/08/2011	Active
3	U74900BR2011PTC017460	CENTURIAN MARKETING PRIVATE LIMITED	Director	12/09/2011	12/09/2011	-	Active
4	U45200BR2011PTC017469	JUBILANT CONSTRUCTIONS PRIVATE LIMITED	Director	13/09/2011	13/09/2011	-	Active
5	U15139BR2011PTC017468	JEST LIQUORS PRIVATE LIMITED	Director	13/09/2011	13/09/2011	-	Active
6	U45200BR2011PTC017464	HYPERCITY CONSTRUCTIONS PRIVATE LIMITED	Director	13/09/2011	13/09/2011	-	Active
7	U52334BR2006PTC011912	SYMBIOSIS ELECTRONICS PRIVATE LIMITED	Director	15/03/2012	15/03/2012	-	Active
8	U25199BR2012PTC019249	JALADHI PLASTITECH PRIVATE LIMITED	Director	20/09/2012	20/09/2012	-	Active

Name :

Mr. Sudhir Sharan

Designation :

Director

Address :

JP Chawk, Laksmi Sagar, Collauni Darbhanga – 846004, Bihar, India

Date of Birth/Age :

08.05.1975

Date of Appointment :

02.03.2012

DIN No.:

03607832

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	U15511BR2002PTC009748	SHIPRA BEVERAGE PRIVATE LIMITED	Director	29/08/2011	29/08/2011	-	Active	NO
2	U52334BR2006PTC011912	SYMBIOSIS ELECTRONICS PRIVATE LIMITED	Director	02/03/2012	02/03/2012	-	Active	NO

Name :

Mr. Vishal Kumar

Designation :

Director

Address :

Kampani Saray, Ward No. 5, Shanti Nagar, Sasaram, Rothas - 821115, Bihar, India

Date of Birth/Age :

05.06.1988

Date of Appointment :

20.02.2013

DIN No.:

06484242

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	U15511BR2002PTC009748	SHIPRA BEVERAGE PRIVATE LIMITED	Director	28/01/2013	28/01/2013	-	Active	NO
2	U52334BR2006PTC011912	SYMBIOSIS ELECTRONICS PRIVATE LIMITED	Director	20/02/2013	20/02/2013	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2012

Names of Shareholders	No. of Shares
Binod Kumar	500
Sanjay Kumar	500
Kirobs Liquors Private Limited, India	30000
Good Host Liquors Private Limited, India	30000
Binoshiba Liquors Private Limited, India	25000
Salson Liquors Private Limited, India	24000
Total	110000

As on 29.09.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	99.00
Directors or relatives of directors	1.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Distributor of L G Electronics Goods.

GENERAL INFORMATION

No. of Employees:	Not Available
Bankers :	· Kotak Mahindra Bank Limited, Patna · State Bank of India, SME Branch, DAK Bunglow Road, 3^rd Floor, Govind Bhawan, Patna – 80000, Bihar, India · The Bank of Rajsthan Limited, Patna

Banking Relations :	--
Auditors :
Name :	Anup Shashwat and Company Chartered Accountants
Address :	Lav Kush Tower, A-10, 2^nd Floor, Exhibition Road, Patna – 800003, Bihar, India
PAN No.:	AAUFA1534A

CAPITAL STRUCTURE

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs.100/- each	Rs.20.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
110000	Equity Shares	Rs.100/- each	Rs.11.000 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		11.000	11.000	11.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		5.420	3.703	1.933
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		16.420	14.703	12.933
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.001
TOTAL		16.420	14.703	12.934
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.024	0.034	0.041
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		7.121	4.621	3.121
DEFERREX TAX ASSETS		0.003	0.001	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	7.082	4.189	8.621
	Sundry Debtors	12.342	6.054	7.895
	Cash & Bank Balances	3.170	2.468	2.962
	Other Current Assets	0.038	0.000	0.000
	Loans & Advances	1.647	7.373	10.685
Total Current Assets		24.279	20.084	30.163
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.000	5.214	19.927
	Other Current Liabilities	14.178	4.138	0.000
	Provisions	0.829	0.732	0.502
Total Current Liabilities		15.007	10.084	20.429
Net Current Assets		9.272	10.000	9.734
MISCELLANEOUS EXPENSES		0.000	0.047	0.038
TOTAL		16.420	14.703	12.934

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	NA	NA	308.030
		Other Income
		TOTAL (A)	NA	NA	308.030
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	NA	NA	306.393
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2.609	2.575	1.637
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.010	0.013	0.017
	PROFIT BEFORE TAX (E-F) (G)		2.599	2.562	1.620
Less	TAX (H)		0.828	0.794	0.501
	PROFIT AFTER TAX (G-H) (I)		1.771	1.768	1.118
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		3.703	1.933	0.814
	PROVISION FOR DEFERRED TAX		(0.002)	0.002	0.001
	BALANCE CARRIED TO THE B/S		5.472	3.701	1.933
	Earnings Per Share (Rs.)		16.10	16.07	10.17

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	NA	NA	0.36
Net Profit Margin (PBT/Sales)	(%)	NA	NA	NA
Return on Total Assets (PBT/Total Assets}	(%)	10.70	12.73	5.36
Return on Investment (ROI) (PBT/Networth)		0.16	0.17	0.13
Debt Equity Ratio (Total Liability/Networth)		0.00	0.69	1.58
Current Ratio (Current Asset/Current Liability)		1.62	1.99	1.48

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	Yes
12]	Profitability for last three years	Yes
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	Yes

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U52334BR2006PTC011912
Name of the company	SYMBIOSIS ELECTRONICS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Binoshiba House, Plot No.655, Fraser Road, Chandni Market, Patna – 800 001, Bihar, India Email: ca.sudhir79@gmail.com
This form is for	Creation of charge
Type of charge	Corporate Guarantee
CIN:	U52334BR2006PTC011912
Particular of charge holder	State Bank of India, SME Branch, DAK Bunglow Road, 3^rd Floor, Govind Bhawan, Patna – 80000, Bihar, India Email: sbi.04232@sbi.co.in
Nature of instrument creating charge	1. Sanction Letter 2. C4 3. Agreement from guarantor 4. Minutes of meeting
Date of instrument Creating the charge	23.02.2013
Amount secured by the charge	Rs.337.600 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest on term loan-3.00%above base rate plus term premium of 20bps Terms of Repayment a. Interest as and when appliedin the account will be payable as and when applied. b. Repayment of the term loan of Rs.337.600 Millions shall start after a moratorium period of 6 months from the date of commencement of production. The commercial production is estimated to commence from October 2013 and repayment shall be start from April 2014 and repayable in 78 monthly installments. Margin As per Sanction letter dated 16.01.2013 Extent and Operation of the charge The entire credit facility of Rs.337.600 Millions is secured by movable and immovable property of the company as detailed in the Sanction Letter dated 16.01.2013 as well as corporate guarantee of Jest Liquors Private Limited Spicy Beverages Private Limited, Squad Constructions Private Limited, Squad Constructions Private Limited, Goodhost Liquors Private Limited, Symbiosis Electronics Private Limited, Binoshiba Liquors Private Limited, S.P.M.H.C. Private Limited, S.P.M.H.C. Private Limited and personal guarantee of Devendra Kumar Sinha, Upendra Kumar, Binod Kumar, Sanjay Kumar, Smt. Leelawati Devi Others 2THS
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Corporate Guarantee

FIXED ASSETS

· Furniture and Fixture

· Office Equipment

· Computer and Accessories

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 records 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.55.03
UK Pound	1	Rs.83.95
Euro	1	Rs.70.92

INFORMATION DETAILS

Report Prepared by :

KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
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	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		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	-

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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.