MIRA INFORM REPORT

1. Summary Information

		Country	India
Company Name	JALAN BROTHERS PRIVATE LIMITED	Principal Name 1	Mr. Mahendra Kumar Sanwalka
Status	Moderate	Principal Name 2	Mr. Lalit Kumar Jalan
		Registration #	21-010594
Street Address	26, Shakespeare Sarani, Kolkata – 700 017, West Bengal, India
Established Date	24.06.1941	SIC Code	-
Telephone#	91-33-40013723	Business Style 1	Trader
Fax #	91-33-22875156	Business Style 2	--
Homepage	http://jalanvros.com	Product Name 1	Electronic Products
# of employees	30 (Approximately)	Product Name 2	--
Paid up capital	Rs. 7,906,000/-	Product Name 3	--
Shareholders	Bodies corporate – 51.23% Directors or relatives of Directors – 48.77%	Banking	Citi Bank
Public Limited Corp.	No	Business Period	72 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	B (30)
Related Company
Relation	Country	Company Name	CEO
Related Parties	India	Orion Development Private Limited	-
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2012 (Consolidated)		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	200,926,000	Current Liabilities	37,632,000
Inventories	73,254,000	Long-term Liabilities	182,307,000
Fixed Assets	2,852,000	Other Liabilities	6,094,000
Deferred Assets	0,000	Total Liabilities	226,033,000
Invest& other Assets	8,402,000	Retained Earnings	51,495,000
		Net Worth	59,401,000
Total Assets	285,434,000	Total Liab. & Equity	285,434,000
Total Assets (Previous Year)	279,307,000
P/L Statement as of	31.03.2012 (Consolidated)		(Unit: Indian Rs.)
Sales	835,707,000	Net Profit	3,779,000
Sales(Previous yr)	777,745,000	Net Profit(Prev.yr)	4,379,000

MIRA INFORM REPORT

Report Date :

11.10.2013

IDENTIFICATION DETAILS

Name :	JALAN BROTHERS PRIVATE LIMITED

Registered Office :	26, Shakespeare Sarani, Kolkata – 700017, West Bengal

Country :	India

Financials (as on) :	31.03.2012 (Consolidated)

Date of Incorporation :	24.06.1941

Com. Reg. No.:	21-010594

Capital Investment / Paid-up Capital :	Rs. 7.906 Millions

CIN No.: [Company Identification No.]	U17299WB1941PTC010594

TAN No.: [Tax Deduction & Collection Account No.]	CALJ00235E

PAN No.: [Permanent Account No.]	AAACJ6573C

Legal Form :	Private Limited Liability Company

Line of Business :	Trader of Electronic Products.

No. of Employees :	30 (Approximately)

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 240000

Status :	Moderate

Payment Behaviour :	Slow but Correct

Litigation :	Clear

Comments :	Subject is an established company having a moderate track record. Profit margin of the company appears to be low. However, trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. 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 – March 31^st, 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

India

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

INDIAN ECONOMIC OVERVIEW

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure. Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

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. Mahendra Kumar Sanwalka
Designation :	Director
Contact No.:	91-831080008
Date :	10.10.2013

LOCATIONS

Registered Office :	26, Shakespeare Sarani, Kolkata – 700 017, West Bengal, India
Tel. No.:	91-33-40013723/ 22473138/ 22873138/ 22905985/ 22905986/ 22903953/ 30285027
Mobile No.:	91-831080008 (Mr. Mahendra)
Fax No.:	91-33-22875156
E-Mail :	abhikumar95@ymail.com abc14349@yahoo.com ashok@jalanbros.com sandipkej@vsnl.net cal@jalanbrothers.com
Website :	http://jalanvros.com

Branch Office :	Located at: Hasan Sole, South Bengal Area

DIRECTORS

As on 29.09.2012

Name :

Mr. Lalit Kumar Jalan

Designation :

Director

Address :

25 B, Ballygunge Park, Kolkata – 700 019, West Bengal, India

Date of Birth/Age :

23.02.1956

Date of Appointment :

18.01.2005

DIN No.:

00270338

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	U51909WB1981PLC033812	JAYBEE MERCANTILES PRIVATE LIMITED	Director	10/04/1984	10/04/1984	-	Active	NO
2	U45209WB1984PTC037176	SUNRISE ENGINEERING PRIVATE LIMITED	Director	26/08/1985	26/08/1985	-	Active	NO
3	U32209WB1986PTC040197	BELVISION ELECTRONICS PRIVATE LIMITED	Director	18/02/1986	18/02/1986	30/03/2010	Strike off	NO
4	U45400WB1981PTC034379	SHREE AMRIT PROPERTIES AND INVESTMENT COMPANY PRIVATE LIMITED	Director	16/09/1994	16/09/1994	-	Active	NO
5	U51109WB1997PTC083482	JALAN RETAIL PRIVATE LIMITED	Director	08/05/1997	08/05/1997	-	Active	NO
6	U31300WB1981PTC034305	DATA WARE PRIVATE LIMITED	Director	27/05/1999	27/05/1999	-	Active	NO
7	U74210WB1979PTC031869	INTEGRATED BUREAU AND MAINTENANCE PRIVATE LIMITED	Director	27/05/1999	27/05/1999	-	Active	NO
8	U51909MH1996PTC099106	SPACE TRADE ENTERPRISES PRIVATE LIMITED	Director	26/03/2003	26/03/2003	25/04/2007	Active	NO
9	U40109MH2003PLC141375	RELIANCE POWER TRANSMISSION LIMITED	Director	06/11/2004	06/11/2004	-	Active	NO
10	U17299WB1941PTC010594	JALAN BROTHERS PRIVATE LIMITED	Director	18/01/2005	18/01/2005	-	Active	NO
11	U64202WB2000PTC090980	JALAN INFOSYSTEM PRIVATE LIMITED	Director	02/02/2005	02/02/2005	-	Active	NO

Name :

Mr. Mahendra Kumar Sanwalka

Designation :

Director

Address :

59A, Chowringhee Road, 6^th Floor, Flat No.6B, Kolkata – 700 020, West Bengal, India

Date of Birth/Age :

17.11.1956

Date of Appointment :

27.11.1998

DIN No.:

00858878

Other Directorship:

.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	U31300WB1981PTC034305	DATA WARE PRIVA77TE LIMITED	Director	25/12/1983	25/12/1983	-	Active	NO
2	U45400WB1981PTC034379	SHREE AMRIT PROPERTIES AND INVESTMENT COMPANY PRIVATE LIMITED	Director	20/02/1985	20/02/1985	-	Active	NO
3	U51219WB1985PTC038902	ALEXANDAR TRADE AND FIANANCE COMPANY PRIVATE LIMITED	Director	07/05/1985	07/05/1985	-	Active	NO
4	U27310WB1981PTC034380	SUSHILA STEEL COMPLEX PRIVATE LIMITED	Director	02/11/1985	02/11/1985	-	Active	NO
5	U45202WB1980PTC032656	JALAN PROPERTIES PRIVATE LIMITED	Director	17/05/1988	17/05/1988	-	Active	NO
6	U74210WB1979PTC031869	INTEGRATED BUREAU AND MAINTENANCE PRIVATE LIMITED	Director	14/08/1992	14/08/1992	-	Active	NO
7	U70101WB1996PTC080621	ORION DEVELOPMENTS PRIVATE LIMITED	Director	26/07/1996	26/07/1996	-	Active	NO
8	U70101WB1997PTC082853	ORION UDYOG PRIVATE LIMITED	Director	07/02/1997	07/02/1997	-	Active	NO
9	U51109WB1997PTC083482	JALAN RETAIL PRIVATE LIMITED	Director	08/05/1997	08/05/1997	-	Active	NO
10	U51109WB1997PTC083483	ASHIRWAD COMMERCE PRIVATE LIMITED	Director	09/05/1997	09/05/1997	-	Under Process of Striking off	NO
11	U51109WB1997PTC083484	DEVINE DEALERS PRIVATE LIMITED	Director	09/05/1997	09/05/1997	-	Active	NO
12	U25209WB1998PTC086300	AKSHAY PLASTOCHEM PRIVATE LIMITED	Director	09/01/1998	09/01/1998	-	Active	NO
13	U25209WB1998PTC087973	SUMO PLASTOWARE PRIVATE LIMITED	Director	17/09/1998	17/09/1998	-	Active	NO
14	U27109WB1995PTC074628	ACCURATE TURNERS PRIVATE LIMITED	Director	25/09/1998	25/09/1998	-	Active	NO
15	U17299WB1941PTC010594	JALAN BROTHERS PRIVATE LIMITED	Director	27/11/1998	27/11/1998	-	Active	NO

Name :

Mr. Jag Mohan Jalan

Designation :

Director

Address :

25 B, Ballygunge Park, Kolkata – 700 019, West Bengal, India

Date of Birth/Age :

03.03.1932

Date of Appointment :

29.03.2004

DIN No.:

00955291

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	U72200WB1976PTC030829	DATA ADAVANCE SYSTEMS PRIVATE LIMITED	Director	28/12/1976	28/12/1976	-	Active	NO
2	U70101WB1980PLC032592	RAJNIGANDHA APARTMENTS LIMITED	Director	17/03/1980	17/03/1980	-	Active	NO
3	U51909WB1981PLC033812	JAYBEE MERCANTILES PRIVATE LIMITED	Director	12/11/1981	12/11/1981	-	Active	NO
4	U72300WB1982PTC035009	DATA MANAGEMENT CENTRE PRIVATE LIMITED	Director	25/06/1982	25/06/1982	-	Active	NO
5	U45209WB1984PTC037176	SUNRISE ENGINEERING PRIVATE LIMITED	Director	08/02/1984	08/02/1984	-	Active	NO
6	U45400WB1981PTC034379	SHREE AMRIT PROPERTIES AND INVESTMENT COPMANY PRIVATE LIMITED	Director	20/02/1985	20/02/1985	-	Active	NO
7	U45203WB1987PTC042728	MADGE ESTATES PRIVATE LIMITED	Director	22/07/1987	22/07/1987	-	Active	NO
8	U70101WB1992PTC055407	AMARJYOTI PROPERTIES PRIVATE LIMITED	Director	18/06/1992	18/06/1992	01/03/2012	Active	NO
9	U45201WB1980PTC032658	N K PROPERTIES PRIVATE LIMITED	Director	06/07/1992	06/07/1992	01/03/2012	Active	NO
10	U51219WB1985PTC038902	ALEXANDAR TRADE AND FIANANCE COMPANY PRIVATE LIMITED	Director	04/07/1995	04/07/1995	-	Active	NO
11	U51109WB1997PTC083482	Jalan Retail Private Limited	Director	08/05/1997	08/05/1997	-	Active	NO
12	U51109WB1997PTC083483	ASHIRWAD COMMERCE PRIVATE LIMITED	Director	09/05/1997	09/05/1997	-	Under Process of Striking off	NO
13	U31300WB1981PTC034305	DATA WARE PRIVATE LIMITED	Director	27/05/1999	27/05/1999	-	Active	NO
14	U74210WB1979PTC031869	INTEGRATED BUREAU AND MAINTENANCE PRIVATE LIMITED	Director	27/05/1999	27/05/1999	-	Active	NO
15	U64202WB2000PTC090980	JALAN INFOSYSTEM PRIVATE LIMITED	Director	21/01/2000	21/01/2000	-	Active	NO
16	U72900WB2000PTC091206	JALAN TELECOM PRIVATE LIMITED	Director	22/03/2000	22/03/2000	-	Active	NO
17	U51909WB1943PTC011171	SWAIKA SUPPLY CORPN. PRIVATE LIMITED	Director	01/02/2002	01/02/2002	03/07/2012	Active	NO
18	U27310WB1981PTC034380	SUSHILA STEEL COMPLEX PRIVATE LIMITED	Director	01/11/2002	01/11/2002	-	Active	NO
19	U17299WB1941PTC010594	JALAN BROTHERS PRIVATE LIMITED	Director	29/03/2004	29/03/2004	-	Active	NO

Name :

Mr. Akshay Lalit Jalan

Designation :

Director

7E, Rajanigandha, 25, Ballygunge Park, Kolkata – 700 019, West Bengal, India

Date of Birth/Age :

25.09.1981

Date of Appointment :

24.01.2011

DIN No.:

02613137

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	U64202WB2002PTC094239	LINK TELECOM PRIVATE LIMITED	Director	04/08/2009	04/08/2009	-	Active	NO
2	U70101WB1997PTC082853	ORION UDYOG PRIVATE LIMITED	Director	05/07/2011	06/08/2009	-	Active	NO
3	U70101WB1996PTC080621	ORION DEVELOPMENTS PRIVATE LIMITED	Director	30/09/2009	06/08/2009	-	Active	NO
4	U72200WB1976PTC030829	DATA ADAVANCE SYSTEMS PRIVATE LIMITED	Director	09/03/2010	09/03/2010	-	Active	NO
5	U51909WB1994PTC065192	HARINGTON TRADERS PRIVATE LIMITED	Director	14/04/2010	14/04/2010	-	Active	NO
6	U31300WB1981PTC034305	DATA WARE PRIVATE LIMITED	Director	24/01/2011	24/01/2011	-	Active	NO
7	U17299WB1941PTC010594	JALAN BROTHERS PRIVATE LIMITED	Director	24/01/2011	24/01/2011	-	Active	NO
8	U25209WB1998PTC086300	AKSHAY PLASTOCHEM PRIVATE LIMITED	Managing director	14/03/2012	14/03/2012	-	Active	NO

MAJOR SHAREHOLDERS

As on 29.09.2012

Names of Shareholders		No. of Shares
Jag Mohan Jalan		6159
Lalit Kumar Jalan		20047
Orion Udyog Private Limited, India		6500
Orion Developments Private Limited, India		24000
Akshay Jalan		6169
Lalit Kumar Jalan Karta of L.K. Jalan HUF		1
Harington Traders Limited, India		10000
Mahendra Kumar Sanwalka		10
Varun Jalan		6169
Total		79055

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2012

Category	Percentage
Bodies corporate	51.23
Directors or relatives of Directors	48.77
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader of Electronic Products.

Products :	Samsung Casio Digital Camera Kodak Products Assembling and Dealing of JB TV

Agencies Held :	Videocon Panasonic

Terms :
Selling :	Cash and Credit (30 Days)

Purchasing :	Cash and Credit (30 Days)

GENERAL INFORMATION

Customers :

Wholesalers, Retailers and End Users

No. of Employees :

30 (Approximately)

Bankers :

UCO Bank, Lower Circular Road, Kolkata, West Bengal, India
Citibank N.A., Kanak Building, 41, Chowringhee Road, Kolkata – 700 071, West Bengal, India

Facilities :

SECURED LOANS	31.03.2012 Rs. In Millions
Short Term Borrowings
Working Capital Demand Loan
From Citi Bank (Against hypothecation of stocks and book debts. Renewable every year and floating rate of interest 12.5 %.)	23.326
Total	23.326

SECURED LOANS

31.03.2011

Rs. In Millions

From Citi Bank

(Hypothecation of stocks and book debts)

4.842

Total

4.842


Banking Relations :	--

Auditors :
Name :	Amita Associates Chartered Accountants
Address :	454, Dumdum Park Road, Kolkata – 700 055, West Bengal, India
PAN No.:	AEXPP8031P

Related Parties :	· Avee Bearing · Jaybee Electronics · Jaybee Quartz · Orient Distributors (MP) · Orient Distributors (Indore) · Harington Traders Private Limited · Orion Development Private Limited · Devine Dealers Private Limited · Jalan Retail Private Limited · Orion Udyog Private Limited · Data Management Centre Private Limited · Orient Distributors (Raipur) · Orient Madhya Bharat · Orient Vindhyas · Sushila Steel Complex Private Limited · Sunrise Engineering Private Limited · Shree Amrit Properties Inv Private Limited · Alexander Trade and Finance Private Limited · Dataware Private Limited · Jalan Infosystem Private Limited · Link Telecom Private Limited · Akshay Plastochem Private Limited

CAPITAL STRUCTURE

As on 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount

80000	Equity Shares	Rs.100/- each	Rs. 8.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

79055	Equity Shares	Rs.100/- each	Rs. 7.906 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET (CONSOLIDATED)

SOURCES OF FUNDS			31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital			7.906
(b) Reserves & Surplus			51.495
(c) Money received against share warrants			0.000

(2) Share Application money pending allotment			0.000
Total Shareholders’ Funds (1) + (2)			59.401

(3) Non-Current Liabilities
(a) long-term borrowings			0.000
(b) Deferred tax liabilities (Net)			0.000
(c) Other long term liabilities			0.000
(d) long-term provisions			0.000
Total Non-current Liabilities (3)			0.000

(4) Current Liabilities
(a) Short term borrowings			182.307
(b) Trade payables			27.677
(c) Other current liabilities			6.094
(d) Short-term provisions			9.955
Total Current Liabilities (4)			226.033

TOTAL			285.434

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets			2.852
(ii) Intangible Assets			0.000
(iii) Capital work-in-progress			0.000
(iv) Intangible assets under development			0.000
(b) Non-current Investments			8.347
(c) Deferred tax assets (net)			0.000
(d) Long-term Loan and Advances			0.862
(e) Other Non-current assets			0.000
Total Non-Current Assets			12.061

(2) Current assets
(a) Current investments			0.000
(b) Inventories			73.254
(c) Trade receivables			105.694
(d) Cash and cash equivalents			1.398
(e) Short-term loans and advances			92.972
(f) Other current assets			0.055
Total Current Assets			273.373

TOTAL			285.434

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		7.905	7.905
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		47.716	43.337
4] (Accumulated Losses)		0.000	0.000
NETWORTH		55.621	51.242
LOAN FUNDS
1] Secured Loans		4.842	16.286
2] Unsecured Loans		142.077	84.964
TOTAL BORROWING		146.919	101.250
DEFERRED TAX LIABILITIES		0.000	0.000

TOTAL		202.540	152.492

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		1.598	0.676
Capital work-in-progress		0.000	0.000

INVESTMENT		8.347	8.347
DEFERRED TAX ASSETS		0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	91.723	47.319
	Sundry Debtors	96.205	75.488
	Cash & Bank Balances	2.804	2.013
	Other Current Assets	0.000	0.000
	Loans & Advances	78.630	52.980
Total Current Assets		269.362	177.800
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	67.942	26.582
	Other Current Liabilities	0.000	0.074
	Provisions	8.825	7.675
Total Current Liabilities		76.767	34.331
Net Current Assets		195.595	143.469

MISCELLANEOUS EXPENSES		0.000	0.000

TOTAL		202.540	152.492

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	835.707	777.745	572.783
		Other Income	10.315	19.802	11.993
		TOTAL (A)	846.022	797.547	584.776

Less	EXPENSES
		Purchases of stock-in-trade	771.581	0.000	0.000
		Changes in inventories of traded goods	18.425	0.000	0.000
		Employee benefit expense	6.258	0.000	0.000
		Cost of Goods Sold	0.000	743.264	552.341
		Spare Parts Consumed	0.000	0.003	0.093
		Administrative and Other Expenses	0.000	35.325	20.436
		Other Expanses	31.927	0.000	0.000
		TOTAL (B)	828.191	778.592	572.870

Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		17.831	18.955	11.906

Less	FINANCIAL EXPENSES (D)		12.356	13.144	7.673

	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		5.475	5.811	4.233

Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.536	0.282	0.171

	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		4.939	5.529	4.062

Less	TAX (H)		1.160	1.150	1.325

	PROFIT/(LOSS) AFTER TAX (G-H) (I)		3.779	4.379	2.737

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		21.346	16.967	14.231

	BALANCE CARRIED TO THE B/S		25.125	21.346	16.968

	Earnings Per Share (Rs.)		48.00	55.39	34.62

Particulars

31.03.2013

Sales Turnover (Approximately)

600.000

(As there are no more representing Samsung as their dealer (Distributor)

Note: This information has been parted by Mr. Mahendra Kumar Sanwalka (Director).

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.44	0.55	0.47

Net Profit Margin (PBT/Sales)	(%)	0.59	0.71	0.71

Return on Total Assets (PBT/Total Assets}	(%)	1.80	2.04	2.28

Return on Investment (ROI) (PBT/Networth)		0.08	0.10	0.08

Debt Equity Ratio (Total Debt /Networth)		3.07	2.64	1.98

Current Ratio (Current Asset/Current Liability)		1.21	3.51	5.18

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 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	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	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 178, Mahatma Gandhi Road, Kolkata – 700 017, West Bengal, India to the present address w.e.f. 20.03.2013

UNSECURED LOANS:

Particulars	31.03.2012 Rs. In Millions
Short Term Borrowings
Loans and advances from related parties and others	158.981
Total	158.981

Particulars	31.03.2011 Rs. In Millions
From Body Corporate	124.708
From Directors	0.000
From Shareholders and Others	17.369
Total	142.077

INDEX OF CHARGE:

Sr .No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	80009863	29/01/2007 *	160,000,000.00	Citibank N.A	Kanak Building, 41, Chowringhee Road, Kolkata, West Bengal - 700071, INDIA	-

* Date of modification charge

FIXED ASSETS:

Land
Furniture
Attendance machine
Exide Battery
Scanner
Xerox Machine
Motor Car
Computer
Fax Machine
AC Machine
Mobile Phone
Motor Bike

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. 62.14
UK Pound	1	Rs. 99.02
Euro	1	Rs. 83.87

INFORMATION DETAILS

Information Gathered by :	JML

Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
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	4
--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	YES
--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.

MIRA INFORM REPORT

91.723

96.205

2.804

0.000

78.630

67.942

0.000

8.825

195.595

0.44

0.55

0.59

0.71

1.80

2.04

0.08

0.10

3.07

2.64

1.21

3.51

Unit