1. Summary Information

		Country	India
Company Name	BISMI APPLIANCES	Principal Name 1	Mr. V. A. Ajmal
Status	Satisfactory	Principal Name 2	Mr. V. A. Yusuf
		Registration #	---
Street Address	Near International Stadium, Kaloor, Ernakulam, Cochin – 682 017, Kerala, India
Established Date	2003	SIC Code	--
Telephone#	91-484-2345605	Business Style 1	Dealer
Fax #	91-484-2545605	Business Style 2	Distributor
Homepage	---	Product Name 1	Home Appliances
# of employees	205 (Approximately)	Product Name 2	--
Paid up capital	Rs.100,000,000/-	Product Name 3	--
Shareholders	---	Banking	Federal Bank
Public Limited Corp.	No	Business Period	10 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (49)
Related Company ---
Relation	Country	Company Name	CEO
Sister Concern	India	Bismi Gas	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	--	Current Liabilities	--
Inventories	--	Long-term Liabilities	--
Fixed Assets	--	Other Liabilities	--
Deferred Assets	--	Total Liabilities	--
Invest& other Assets	--	Retained Earnings	--
		Net Worth	--
Total Assets	--	Total Liab. & Equity	--
Total Assets (Previous Year)	--
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales	2000,000,000	Net Profit	--
Sales(Previous yr)	1950,000,000	Net Profit(Pre.yr)	--

MIRA INFORM REPORT

Report Date :

29.05.2013

IDENTIFICATION DETAILS

Name :	BISMI APPLIANCES
Registered Office :	Near International Stadium, Kaloor, Ernakulam, Cochin – 682 017, Kerala
Country :	India
Financials (as on) :	31.03.2013
Year of Establishment	2003
Capital Investment :	Rs.100.000 Millions (As on 31.03.2012)
TAN No.: [Tax Deduction & Collection Account No.]	CHNB00606E
Legal Form :	Partnership Concern with an Unlimited Liability of the Partners.
Line of Business :	Dealer and Distribution for Home Appliances
No. of Employees :	205 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 400000
Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established partnership concern having satisfactory track record. The concern is doing well. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. The concern can be considered good for normal business dealings at usual trade terms and condition.

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. Kamath
Designation :	Finance Manager
Contact No.:	91-9544455582
Date :	27.05.2013

LOCATIONS

Registered Office :	Near International Stadium, Kaloor, Ernakulam, Cochin – 682 017, Kerala, India
Tel. No.:	91-484-2345605
Mobile No.:	91-9847012221 (Mr. V. A. Ajmal)
Fax No.:	91-484-2345605
E-mail:	bismigroup@vsnl.net
Location :	Owned
Branch 1:	Perumbavoor, Cochin, Kerala, India
Area :	Floor Area, 4000 Sq. ft.
Branch 2:	Tripunithura, Cochin, Kerala, India
Area :	7500 Sq. ft.
Branch 3:	Muvattupula, Cochin, Kerala, India
Area :	6000 Sq. ft.
Branch 4:	Kottayam, Cochin, Kerala, India
Branch 5:	Kollam, Cochin, Kerala, India

PARTNERS

Name :	Mr. V. A. Ajmal
Designation :	Partner
Qualification :	Post. Graduate
Name :	Mr. V. A. Yusuf
Designation :	Partner
Qualification :	Post Graduate
Name :	Mr. V. A. Afzal
Designation :	Partner
Qualification :	Post Graduate

BUSINESS DETAILS

Line of Business :	Dealer and Distribution for Home Appliances
Agencies Held :	· Samsung · LG · Sony · Godrej · Voltas · Whirlpool
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :	End Users
No. of Employees :	205 (Approximately)
Bankers :	Federal Bank, Cochin
Facilities :	Overdraft - Rs.150.000 Millions

Auditors :
Name :	Vishwanathan and Company Chartered Accountants
Address :	Cochin, Kerala, India
Sister Concern :	· Bismi Gas · Bismi Lubes

CAPITAL STRUCTURE

As on : 31.03.2013

Capital Investment :
Owned :	Rs.100.000 Millions
Borrowed :	--
Total :	Rs.100.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

Particulars	31.03.2013	31.03.2012	31.03.2011
Sales Turnover (Approximately)	2000.000	1950.000	1300.000

The above information has been parted by Mr. Kamath (Finance Manager)

Note : Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry

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 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	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
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	No
25]	Conduct of the banking account	------------------
26]	Buyer visit details	-----------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	No
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	No
31]	Date of Birth of Proprietor/Partner/Director, if available	No
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 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. 55.74
UK Pound	1	Rs. 84.17
Euro	1	Rs. 72.03

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	NIS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	6
--RESERVES	1~10	5
--CREDIT LINES	1~10	6
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		49

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.