MIRA INFORM REPORT

Report Date :

23.11.2013

IDENTIFICATION DETAILS

Name :	DIANA RETAIL PRIVATE LIMITED [w.e.f.15.03.2008]
Formerly Known As :	DIANA BUILDCON PRIVATE LIMITED
Registered Office :	1E, Jhandewalan Extension, Naaz Cinema Complex, New Delhi - 110055
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	09.04.2007
Com. Reg. No.:	55-161746
Capital Investment / Paid-up Capital :	Rs. 0.500 Million
CIN No.: [Company Identification No.]	U45400DL2007PTC161746
TAN No.: [Tax Deduction & Collection Account No.]	DELD10469E
PAN No.: [Permanent Account No.]	AACCG8020D
Legal Form :	Private Limited Liability Company
Line of Business :	Retail Business.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Company has incurred loss from its operation which has eroded networth of the company. Trade relations are fair. Business is active. Payment terms are slow. The company can be considered for business dealings on a safe and secured trade terms and conditions.

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

INDIAN ECONOMIC OVERVIEW

The current downturn provides an opportunity to push ahead with reforms to accelerate growth, says the latest India Development Update report released by the World Bank. The report says that the adverse effects of rupee depreciation are likely to be offset by the gains in the exports performance due to improved external competitiveness. Since May this year, the local currency has depreciated substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.

A stagflation like situation appears to have arisen as inflation jumped to an eight month high of 6.46 % for the month of September. It is up from 6.10 % in August. Growth continues to be muted with factory output plunging to 0.6 % in August. Onion prices have risen nearly 300 % from last September. Vegetables cost nearly 90 % more than they did last year. Wake up to the economic contribution of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic product, according to a recent study conducted in 50 top cities.

136000 estimated number of jobs created during the second quarter of the current financial year. 50000 estimated number of additional jobs in the field of corporate social responsibility in the coming years.

The International Finance Corporation expects to come out with its rupee linked bonds issue before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched in India from 1^st November.

The Land Acquisition Act to provide just and fair compensation to farmers will come into force from January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a 119 year old registration. The Securities and Exchange Board of India has approved the trading of currency futures on the Bombay Stock Exchange. The exchange plans to launch the currency futures platform with advanced trading technology by the end of November.

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 :	1E, Jhandewalan Extension, Naaz Cinema Complex, New Delhi – 110055, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	grover-rashmi@dlf.in
Corporate Office :	15^th Floor, Building No. 5, Tower-A, DLF Cyber Terraces, DLF Phase-III, Gurgaon – 122002, Haryana, India
Tel. No.:	91-124-4855800
Fax No.:	91-124-4855900

DIRECTORS

AS ON 28.09.2013

Name :

Mrs. Punam Narendra Singh

Designation :

Director

Address :

C 201, Som Vihar, New Delhi – 110023, India

Date of Birth/Age :

10.12.1940

Date of Appointment :

22.08.2008

DIN No.:

00092054

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	U45201HR1999PTC034173	WINDSOR COMPLEX PROPERTY MANAGEMENT SERVICES PRIVATE LIMITED	Director	03/11/2004	03/11/2004	-	Amalgamated	NO
2	U70101DL1981PTC011553	REALEST BUILDERS AND SERVICES PRIVATE LIMITED	Director	11/11/2004	11/11/2004	22/02/2011	Active	NO
3	U74899HR1986PTC037619	MACKNION ESTATES PRIVATE LIMITED	Director	17/01/2005	17/01/2005	-	Amalgamated	NO
4	U45201DL1991PTC175262	AESHYA ESTATES PRIVATE LIMITED	Director	19/01/2005	19/01/2005	-	Amalgamated	NO
5	U70101DL1986PTC024896	LYNDALE HOLDINGS PRIVATE LIMITED	Director	19/01/2005	19/01/2005	-	Amalgamated	NO
6	U45201DL1999PTC174740	CENTRE POINT PROPERTY MANAGEMENT SERVICES PRIVATE LIMITED	Director	19/01/2005	19/01/2005	-	Converted to LLP and dissolved	NO
7	U45201DL1971PTC175261	BANSAL DEVELOPMENT COMPANY PRIVATE LIMITED	Director	04/02/2005	04/02/2005	29/01/2008	Amalgamated	NO
8	U45400DL2007PTC161746	DIANA RETAIL PRIVATE LIMITED	Director	22/08/2008	07/09/2007	-	Active	NO
9	U45400DL2007PTC161485	ENKI RETAIL SOLUTIONS PRIVATE LIMITED	Director	11/08/2008	07/09/2007	-	Active	NO
10	U74120DL1967PTC004795	PREM TRADERS PRIVATE LIMITED	Director	29/09/2008	23/10/2007	-	Converted to LLP	NO
11	U45201DL2006PTC147566	SOLANGE RETAIL PRIVATE LIMITED	Director	22/08/2008	03/12/2007	-	Active	NO
12	U74999DL1973PTC006968	RAISINA AGENCIES PRIVATE LIMITED	Director	29/09/2009	11/09/2009	-	Converted to LLP	NO
13	U74899DL1963PTC003987	UNIVERSAL MANAGEMENT AND SALES PRIVATE LIMITED	Director	30/09/2009	16/09/2009	-	Converted to LLP	NO
14	U74899DL1989ULT037104	MALLIKA HOUSING COMPANY	Director	29/09/2009	16/09/2009	-	Converted to LLP	NO
15	U74899DL1988PTC030944	EXCEL HOUSING CONSTRUCTION PRIVATE LIMITED	Director	21/08/2012	20/03/2012	-	Converted to LLP	NO

Name :

Mr. Adesh Gupta

Designation :

Director

Address :

D-701, Jhulelal Apartments, Road No. 44, Pitampura , New Delhi – 110034, India

Date of Birth/Age :

10.01.1959

Date of Appointment :

22.08.2008

DIN No.:

00004895

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	U74920HR1999PTC034169	GALLERIA PROPERTY MANAGEMENT SERVICES PRIVATE LIMITED	Director	27/12/2000	27/12/2000	-	Active	NO
2	U67120HR1999PLC034171	SILVER OAKS PROPERTY MANAGEMENT SERVICES LIMITED	Director	27/12/2000	27/12/2000	-	Amalgamated	NO
3	U74920HR1999PLC034168	DLF EMPORIO LIMITED	Director	27/12/2000	27/12/2000	01/04/2011	Active	NO
4	U45202HR1984PLC018955	ALANKRIT ESTATES LIMITED	Director	15/01/2001	15/01/2001	-	Active	NO
5	U51909DL1998PTC092929	POWER OVERSEAS PRIVATE LIMITED	Director	15/01/2001	15/01/2001	-	Active	NO
6	U74899DL1986PTC025929	MEGHA ESTATES PRIVATE LIMITED	Director	15/01/2001	15/01/2001	16/12/2010	Active	NO
7	U74899HR1986PTC037619	MACKNION ESTATES PRIVATE LIMITED	Director	15/01/2001	15/01/2001	-	Amalgamated	NO
8	U45201HR1991PLC034893	DIWAKAR ESTATES LMITED TFR FROM DELHI TO HR	Director	13/05/2002	13/05/2002	-	Active	NO
9	U45201HR1991PLC034887	KIRTIMAAN BUILDERS LIMITED	Director	13/05/2002	13/05/2002	-	Active	NO
10	U45201HR1991PLC034886	UJAGAR ESTATES LIMITED	Director	13/05/2002	13/05/2002	-	Active	NO
11	U65993DL1988PLC034070	DLF FINANCIAL SERVICES LIMITED	Director	02/12/2003	02/12/2003	-	Not Available for eFiling	NO
12	U65922HR1988PLC034889	DLF FINANCIAL SERVICES LIMITED	Director	02/12/2003	02/12/2003	-	Amalgamated	NO
13	U45201HR1991PLC034891	NILAYAM BUILDERS AND DEVELOPERS LIMITED	Director	15/12/2003	15/12/2003	-	Amalgamated	NO
14	U45201HR1981PLC034895	D.L.F. HOUSING AND CONSTRUCTION LIMITED	Director	19/12/2003	19/12/2003	-	Amalgamated	NO
15	U70102DL1991PTC045758	DESENT PROMOTERS AND DEVELOPERS PRIVATE LIMITED	Director	10/12/2004	10/12/2004	-	Active	NO
16	U74210DL1998PTC093086	SKETCH INVESTMENT PRIVATE LIMITED	Director	10/12/2004	10/12/2004	-	Active	NO
17	U74899DL1992PTC046962	ANTRIKSH PROPERTIES PRIVATE LIMITED	Director	10/12/2004	10/12/2004	-	Active	NO
18	U74899DL1981PTC012247	SAVITRI STUDS AND FARMING COMPANY PRIVATE LIMITED	Director	17/01/2005	17/01/2005	-	Amalgamated	NO
19	U74899DL1991PTC175534	PANCHVATI ESTATES PRIVATE LIMITED	Director	18/01/2005	18/01/2005	-	Amalgamated	NO
20	U45201DL1991PTC174730	PARVATI ESTATES PRIVATE LIMITED	Director	18/01/2005	18/01/2005	-	Converted to LLP	NO
21	U45201DL1999PTC174740	CENTRE POINT PROPERTY MANAGEMENT SERVICES PRIVATE LIMITED	Director	19/01/2005	19/01/2005	-	Converted to LLP and dissolved	NO
22	U74899DL1988PTC030950	SUDARSHAN ESTATES PRIVATE LIMITED	Director	19/01/2005	19/01/2005	05/05/2011	Active	NO
23	U45201HR1999PTC034173	WINDSOR COMPLEX PROPERTY MANAGEMENT SERVICES PRIVATE LIMITED	Director	04/02/2005	04/02/2005	-	Amalgamated	NO
24	U70101DL1981PTC011553	REALEST BUILDERS AND SERVICES PRIVATE LIMITED	Director	21/06/2005	21/06/2005	22/02/2011	Active	NO
25	U45201DL2005PTC138459	AGS BUILDTECH PRIVATE LIMITED	Director	29/09/2006	08/07/2005	22/02/2011	Active	NO
26	U45201DL2005PTC138418	A.S.G. REALCON PRIVATE LIMITED	Director	29/09/2006	08/07/2005	22/02/2011	Active	NO
27	U45201DL2005PTC138669	ALTAMOUNT REAL ESTATE DEVEL0PERS PRIVATE LIMITED	Director	13/07/2005	13/07/2005	-	Amalgamated	NO
28	U70101DL2005PTC138666	UPLIFT REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	13/07/2005	13/07/2005	-	Amalgamated	NO
29	U70101DL2005PTC138663	URVA REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	13/07/2005	13/07/2005	30/01/2013	Active	NO
30	U45201DL2005PTC138670	UPEKSHA REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	13/07/2005	13/07/2005	-	Amalgamated	NO
31	U70101DL2005PTC138662	GLAZE BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	13/07/2005	13/07/2005	-	Amalgamated	NO
32	U45201DL2005PTC138668	AQUARIUS BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	13/07/2005	13/07/2005	-	Amalgamated	NO
33	U45201DL2005PTC138667	ULTIMA REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	13/07/2005	13/07/2005	-	Amalgamated	NO
34	U70101DL2005PTC139023	SULEKHA BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	25/07/2005	25/07/2005	-	Amalgamated	NO
35	U70101DL2005PTC139022	SUKOMAL BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	25/07/2005	25/07/2005	-	Amalgamated	NO
36	U70101DL2005PTC139027	SAGARIKA REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	25/07/2005	25/07/2005	-	Amalgamated	NO
37	U45201DL2005PTC139492	SANIDHYA CONSTRUCTIONS PRIVATE LIMITED	Director	09/08/2005	09/08/2005	-	Amalgamated	NO
38	U70101DL2005ULT139541	MAAJI PROPERTIES AND DEVELOPMENT COMPANY(PRIVATE COMPANY WITH ULT LIAB)	Director	04/09/2006	24/08/2005	-	Strike off	NO
39	U70101DL2005PTC140973	ANUROOP BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	27/11/2006	21/09/2005	11/10/2007	Active	NO
40	U45201DL2005PTC139837	NATWAR BUILDERS & DEVELOPERS PRIVATE LIMITED	Director	31/08/2006	12/12/2005	-	Strike off	NO
41	U70101DL2005PTC139829	KUJJAL BUILDERS PRIVATE LIMITED	Director	23/10/2006	12/12/2005	27/02/2007	Active	NO
42	U45201DL2005PTC139880	GYAN REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	31/08/2006	25/01/2006	-	Active	NO
43	U45201DL2002PLC116394	DLF PHASE - IV COMMERCIAL DEVELOPERS LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
44	U45400DL2007PTC161485	ENKI RETAIL SOLUTIONS PRIVATE LIMITED	Director	11/08/2008	07/09/2007	-	Active	NO
45	U45400DL2007PTC161746	DIANA RETAIL PRIVATE LIMITED	Director	22/08/2008	07/09/2007	-	Active	NO
46	U45201DL2006PTC147566	SOLANGE RETAIL PRIVATE LIMITED	Director	22/08/2008	03/12/2007	17/05/2012	Active	NO
47	U74899DL1984PTC019422	RENKON AGENCIES PRIVATE LIMITED	Director	29/09/2008	28/04/2008	-	Amalgamated	NO
48	U74120DL1967PTC004795	PREM TRADERS PRIVATE LIMITED	Director	29/09/2008	29/09/2008	-	Converted to LLP	NO
49	U45201DL2006PTC147392	DLF ASSETS PRIVATE LIMITED	Director	27/02/2009	27/02/2009	-	Active	NO
50	U70101DL2005PTC139025	ADEPT REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	12/11/2010	29/04/2010	-	Active	NO
51	U92111DL2000PTC107358	DT REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	27/09/2012	25/04/2012	-	Active	NO

Name :

Mr. Dhiraj Sarna

Designation :

Additional director

Address :

D-1001, New Friends Colony, New Delhi – 110065, India

Date of Birth/Age :

07.08.1966

Date of Appointment :

28.09.2013

DIN No.:

01039973

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	U74899DL1985PTC021134	TRINITY ELASTOMERS PRIVATE LIMITED	Director	05/06/1985	05/06/1985	-	Strike off	NO
2	U74899DL1994PLC059794	SARNA EXPORTS LIMITED	Director	23/06/1994	23/06/1994	-	Active	NO
3	U45203DL1996PTC082767	CORONATION PROJECTS PRIVATE LIMITED	Director	18/10/1996	18/10/1996	02/09/2005	Strike off	NO
4	U17296DL1997PTC087857	S & S TOWELS INDIA PRIVATE LIMITED	Director	11/06/1997	11/06/1997	-	Strike off	NO
5	U70109DL1996PTC075924	ELEPHANTA ESTATES PRIVATE LIMITED	Director	14/08/2001	14/08/2001	-	Active	NO
6	U45201DL2006PTC147579	FERRAGAMO RETAIL INDIA PRIVATE LIMITED	Additional director	11/09/2008	11/09/2008	-	Active	NO
7	U27310DL2008PTC179369	GIORGIO ARMANI INDIA PRIVATE LIMITED	Director	08/09/2009	08/10/2008	-	Under liquidation	NO
8	U70102DL2007PTC161521	KAPO RETAIL PRIVATE LIMITED	Director	29/09/2010	18/03/2010	-	Active	NO
9	U45209DL2007PTC161760	RHEA RETAIL PRIVATE LIMITED	Director	18/03/2010	18/03/2010	-	Active	NO
10	U45209DL2007PTC161789	ISHTAR RETAIL PRIVATE LIMITED	Director	25/08/2010	26/04/2010	14/02/2013	Active	NO
11	U45400DL2007PTC161528	JUNO RETAIL PRIVATE LIMITED	Director	31/08/2010	31/08/2010	-	Active	NO
12	U74900DL1973PTC006832	JHANDEWALAN ANCILLARIES PRIVATE LIMITED	Director	28/09/2011	14/01/2011	-	Converted to LLP and dissolved	NO
13	U45201DL1988ULT031091	ARIHANT HOUSING COMPANY (A PRIVATE COMPANY WITH UNLIMITED LIABILITY)	Director	22/09/2011	17/01/2011	-	Active	NO
14	U74899DL1988PTC030947	SUKH SANSAR HOUSING PRIVATE LIMITED	Director	23/09/2011	17/01/2011	-	Active	NO
15	U74899DL1988PTC030946	SOLACE HOUSING AND CONSTRUCTION PRIVATE LIMITED	Director	22/09/2011	17/01/2011	-	Active	NO
16	U00000DL1988PTC030949	PUSHPAK BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	22/09/2011	17/01/2011	-	Active	NO
17	U74899DL1988PTC030950	SUDARSHAN ESTATES PRIVATE LIMITED	Director	28/09/2011	11/02/2011	-	Active	NO
18	U45201DL2006PLC147368	DLF BRANDS LIMITED	Managing director	30/09/2011	30/09/2011	-	Active	NO
19	U20299HR2011PLC042833	MONARK FURNITURE LIMITED	Director	06/11/2012	21/03/2012	-	Active	NO
20	U74899DL1955PTC002592	NORTHERN INDIA THEATRES PRIVATE LIMITED	Director	21/09/2012	26/06/2012	-	Active	NO
21	U45400DL2007PTC161746	DIANA RETAIL PRIVATE LIMITED	Director	28/09/2013	10/12/2012	-	Active	NO
22	U52399DL2013PTC254338	DAS RETAIL PRIVATE LIMITED	Director	26/06/2013	26/06/2013	-	Active	NO
23	U45201DL2006PTC147354	CIAN BUILDERS & DEVELOPERS PRIVATE LIMITED	Additional director	29/09/2013	29/09/2013	-	Active	NO
24	AAB-5427	JHANDEWALAN ANCILLARIES LLP	Body corporate as Designated Partner	24/05/2013	24/05/2013	-	Active	NO
25	AAB-6988	SUPER MART TWO PROPERTY MANAGEMENT SERVICES LLP	Body corporate as Designated Partner	08/08/2013	08/08/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Dipak Kumar Agarwal
Designation :	Chief Executive (Operations and Strategy)
Date of Birth/Age :	19.05.1974
Qualification :	B.COM(H), B.SC(H)(UK), ACCA(UK), P GDM, FCS, AI CWA
Experience :	21 Years

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2013

Names of Shareholders	No. of Shares
Prem Traders LLP, India	30000
Jhandewalan Ancillaries LLP, India	20000
Total	50000

AS ON 28.09.2013

Equity Share Breakup	Percentage of Holding
Category
Others	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Retail Business.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	Not Available

Banking Relations :	--
Auditors :
Name :	Neeraj Kalra and Associates Chartered Accountants
Address :	I-23, Second Floor, South City II, Sohna Road, Gurgaon – 122018, Haryana, India
Tel. No.:	91-124-4077336
Mobile No.:	91-9811307441
E-Mail :	neerkalra@gmail.com
Income-tax PAN of auditor or auditor's firm :	AFPPK1528P
Holding Company :	Prem Trader Private Limited
Subsidiary Company :	Ishtar Retail Private Limited (Upto 20.09.2012)
Other enterprise under the control of the key management personnel and their relatives :	· DLF Brands Limited Solange Retail Private Limited Eros Retail Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs. 10/- each	Rs. 10.000 Millions
400,000	Preference Shares	Rs. 100/- each	Rs. 40.000 Millions
	Total		Rs. 50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50,000	Equity Shares	Rs. 10/- each	Rs. 0.500 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.500	0.500	0.500
(b) Reserves & Surplus	(12.988)	(0.495)	(0.490)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	(12.488)	0.005	0.010
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.800	0.800
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.800	0.800
(4) Current Liabilities
(a) Short term borrowings	53.594	0.000	0.000
(b) Trade payables	0.076	0.000	0.000
(c) Other current liabilities	190.478	0.006	0.003
(d) Short-term provisions	0.006	0.000	0.000
Total Current Liabilities (4)	244.154	0.006	0.003
TOTAL	231.666	0.811	0.813
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000	0.000
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	81.337	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.200	0.200
(c) Deferred tax assets (net)	5.587	0.000	0.000
(d) Long-term Loan and Advances	90.505	0.051	0.051
(e) Other Non-current assets	0.125	0.000	0.000
Total Non-Current Assets	177.554	0.251	0.251
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	6.746	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	46.716	0.560	0.562
(e) Short-term loans and advances	0.648	0.000	0.000
(f) Other current assets	0.002	0.000	0.000
Total Current Assets	54.112	0.560	0.562
TOTAL	231.666	0.811	0.813

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	0.000	0.000	0.000
		Other Income	0.002	0.000	0.000
		TOTAL	0.002	0.000	0.000
Less	EXPENSES
		Employee Benefit Expenses	0.184	0.000	0.000
		Other Expenses	17.887	0.005	0.016
		TOTAL	18.071	0.005	0.016
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(18.069)	(0.005)	(0.016)
Less	FINANCIAL EXPENSES		0.011	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX		(18.080)	(0.005)	(0.016)
Less	TAX		(5.587)	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX		(12.493)	(0.005)	(0.016)
	Earnings/ (Loss) Per Share (Rs.)		(249.87)	(0.10)	(0.32)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(624650.00)	0.00	0.00
Net Profit Margin (PBT/Sales)	(%)	0.00	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(12.49)	(0.82)	(9.95)
Return on Investment (ROI) (PBT/Networth)		1.45	(1.00)	(1.60)
Debt Equity Ratio (Total Debt/Networth)		(4.29)	160.00	80.00
Current Ratio (Current Asset/Current Liability)		0.22	93.33	187.33

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	Yes
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	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	No
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	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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

UNSECURED LOANS

UNSECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG-TERM BORROWINGS
Deposits From Other Parties – Payable after March 2013	0.000	0.800
SHORT TERM BORROWINGS
Loans and advances from related parties	53.594	0.000
Total	53.594	0.800

COMPANY INFORMATION:

Subject is a company incorporated under the provisions of Companies Act, 1956 on 9^th April 2007. The company was formed for engagement in retail business.

OPERATIONS

During the year, the Company has executed Joint Venture Agreement with Forever 21 Inc and DLF Brands Limited.

Forever 21 Inc, is a Company engaged in the business of, and has experience in, designing and distribution of up- market apparel, footwear and accessories for men and women by under the Brand and/0r several other brands and sub-brands.

DLF is a leading Company with expertise in the area of distributing and retailing branded products throughout the Territory.

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. 63.02
UK Pound	1	Rs. 102.04
Euro	1	Rs. 84.92

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		11

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.