1. Summary Information

		Country	India
Company Name	SPACETHETICS INDIA LLP	Principal Name 1	Ms. Snehal Sushil Mantri
Status	Moderate	Principal Name 2	Mr. Manoj Kumar Gilada
		Registration #	AAA-9225
Street Address	#41, Vittal Mallya Road, Mantri House, Bangalore-560001, Karnataka
Established Date	15.05.2012	SIC Code	--
Telephone#	91-80-65475751/52	Business Style 1	Importer
Fax #	Not Available	Business Style 2	Trader
Homepage	Not Available	Product Name 1	Furniture
# of employees	Not Divulged	Product Name 2	Interior Products
Paid up capital	Rs.100,000/-	Product Name 3	Construction Materials
Shareholders	--	Banking	Punjab National Bank
Public Limited Corp.	No	Business Period	1 Year
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ca (11)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
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/ Total Income	--	Net Profit	--
Sales(Previous yr)/ Total Income	--	Net Profit(Prev.yr)	--

MIRA INFORM REPORT

Report Date :

04.09.2013

IDENTIFICATION DETAILS

Name :	SPACETHETICS INDIA LLP
Registered Office :	#41, Vittal Mallya Road, Mantri House, Bangalore-560001, Karnataka
Country :	India
Date of Incorporation :	15.05.2012
LLPIN :	AAA-9225
Obligation of Contribution :	Rs.0.100 Million
PAN No.: [Permanent Account No.]	ACDFS1342Q
Legal Form :	Limited Liability Partnership
Line of Business :	Importer and Trader of Furniture, Interior Products, Construction Materials and Related Inventory.
No. of Employees :	Information denied by the management.

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 :	Unknown
Litigation :	Clear
Comments :	Subject is an relatively new limited liability partnership concern having moderate track record. Management has denied to disclose any information to us. Trade relation improving. Business is active. Payment terms are unknown. The concern can be considered for business dealing on a safe and secured 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 – 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

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 DECLINED

Management non co-operative [91-80-41300000]

LOCATIONS

Registered Office :	#41, Vittal Mallya Road, Mantri House, Bangalore-560001, Karnataka
Tel. No.:	91-80-65475751/52
Mobile No.:	91-9989399879 (Mr. Manoj Kumar Gilda)
Fax No.:	Not Available
Email:	manoj.gilda@spacethetics.co.in
Corporate Office :	“Mantri Espana” Opposite Intel Site, Outer Ring Road, Devarabisanahalli, Bangalore -560037, Karnataka, India
Branch Office :	HYDERABAD: Plot No.143, Beside, Ratandeep Super Market, Srinagar Colony Road No.2, Banjara Hills, Hyderabad – 500073 , Andhra Pradesh India Tel No.: 91-40-20000886 BANGALORE: 271, Chowdiah Road, 18^th Cross, Malleshwaram, Bangalore-560003, Karnataka, India Tel No.: 91-80-65475751 CHENNAI: No. 5, Palm Garden, 4^th Cross Street, ECR, Akkarai, Chennai-600119, Tamilnadu, India Tel No.: 91-44-66705500

PARTNERS

AS ON 08.05.2012

Name :

Ms. Snehal Sushil Mantri

Designation :

Partner

Address :

Radhika, 121/3, Prabhat Road, Deccan Gymkhana, Pune, Maharashtra, India

Date of Birth/Age :

51 Years

Date of Appointment :

15.05.2012

Din No.:

00166900

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	U51399KA2000PTC026365	PLAZA AGENCIES PRIVATE LIMITED	Director	06/07/2000	06/07/2000	-	Active	NO
2	U45201KA2000PTC026181	HAMARA SHELTERS PRIVATE LIMITED	Director	06/07/2000	06/07/2000	03/12/2007	Active	NO
3	U70102KA1993PTC015069	SHIVASHAKTHI ESTATES AND INVESTMENTS PRIVATE LIMITED	Director	21/08/2000	21/08/2000	05/12/2007	Active	NO
4	U70102KA1990PTC027924	MANTRI DEVELOPERS PRIVATE LIMITED	Whole-time director	01/01/2001	01/01/2001	-	Active	NO
5	U74140KA2001PTC028742	PROPCARE REAL ESTATE MANAGEMENT PRIVATE LIMITED	Director	15/03/2001	15/03/2001	03/12/2007	Active	NO
6	U51311KA2002PTC030545	RAFFLES ENTERPRISES PRIVATE LIMITED	Director	24/05/2002	24/05/2002	04/12/2007	Active	NO
7	U74210KA2004PTC033991	MANTRI HOMES PRIVATE LIMITED	Director	28/05/2004	28/05/2004	03/12/2007	Active	NO
8	U74210KA2004PTC033992	JASMINE ENTERPRISES PRIVATE LIMITED	Director	28/05/2004	28/05/2004	05/12/2007	Active	NO
9	U45201KA2003PTC033023	MANTRI TECHZONE PRIVATE LIMITED	Director	05/12/2007	29/09/2004	-	Active	NO
10	U80302KA2005PTC037233	INDUS INTERNATIONAL SCHOOL (PUNE) PRIVATE LIMITED	Director	25/09/2006	15/09/2005	-	Active	NO
11	U07010KA2004PTC035167	PRATIBHA REALTORS PRIVATE LIMITED	Director	29/09/2005	29/09/2005	04/12/2007	Active	NO
12	U45201KA2006PTC039175	BRAHMAGIRI REALTORS PRIVATE LIMITED	Director	20/10/2006	20/10/2006	04/12/2007	Active	NO
13	U80222KA2007PTC043242	NORTH EDUCATIONAL ACADEMY (INDIA) PRIVATE LIMITED	Director	26/06/2007	26/06/2007	15/04/2010	Active	NO
14	U45201KA2007PTC043436	MANTRI TECHNOLOGY CONSTELLATIONS PRIVATE LIMITED	Director	23/07/2007	23/07/2007	20/09/2007	Active	NO
15	U45201KA2007PTC043435	MANTRI SIERRA STRUCTURE PRIVATE LIMITED	Director	23/07/2007	23/07/2007	20/09/2007	Active	NO
16	U45201KA2007PTC043434	MANTRI TECHNOLOGY PARKS PRIVATE LIMITED	Director	23/07/2007	23/07/2007	20/09/2007	Active	NO
17	U45202KA2007PTC043433	MANTRI GEO STRUCTURES PRIVATE LIMITED	Director	23/07/2007	23/07/2007	20/09/2007	Active	NO
18	U45201KA2007PTC043458	MANTRI INFRASTRUCTURE PRIVATE LIMITED	Director	24/07/2007	24/07/2007	20/09/2007	Active	NO
19	U55101KA2008PTC047021	SURAJ INN PRIVATE LIMITED	Director	02/07/2008	02/07/2008	14/04/2009	Active	NO
20	U70102KA2010PTC054176	3D MEGACITY PRIVATE LIMITED	Director	23/06/2010	23/06/2010	18/02/2013	Active	NO
21	U70102KA2010PTC055639	MANTRI MANSION PRIVATE LIMITED	Director	26/10/2010	26/10/2010	18/02/2013	Active	NO
22	U70102KA2010PTC055722	MANTRI HABITATS PRIVATE LIMITED	Director	02/11/2010	02/11/2010	18/02/2013	Active	NO
23	U70102KA2010PTC055789	MANTRI ABODES PRIVATE LIMITED	Director	09/11/2010	09/11/2010	18/02/2013	Active	NO
24	U70100KA2010PTC056156	MANTRI PROPERTY DEVELOPERS PRIVATE LIMITED	Director	07/12/2010	07/12/2010	18/02/2013	Active	NO
25	U70102KA2010PTC056387	MANTRI RESI STRUCTURES PRIVATE LIMITED	Director	29/12/2010	29/12/2010	18/02/2013	Active	NO
26	U45203KA2011PTC060228	MANTRI GARDENVIEW HOMES PRIVATE LIMITED	Director	02/09/2011	02/09/2011	08/08/2012	Active	NO
27	U70100KA2011PTC060335	MANTRI PREMIER HOMES PRIVATE LIMITED	Director	09/09/2011	09/09/2011	25/10/2012	Active	NO
28	U01119AP2006PTC051831	HYDERABAD EDUCATIONAL INSTITUTIONS PRIVATE LIMITED	Director	26/09/2012	30/03/2012	12/12/2012	Active	NO
29	AAA-9225	SPACETHETICS INDIA LLP	Designated Partner	15/05/2012	15/05/2012	-	Active	NO

Name :

Mr. Manoj Kumar Gilada

Designation :

Partner

Address :

3-5-141/A/1/a, EDEN Bagh, Ramkoti, Nampally, Hyderabad, Andhra Pradesh, India

Date of Birth/Age :

33 Years

Qualification :

MBA

Date of Appointment :

15.05.2012

Din No.:

05103423

Name :

Mr. Srikumar Inani

Designation :

Partner

Address :

15-9-56, Maharaj Gunj, Begum Bazar, Hyderabad, Andhra Pradesh, India

Date of Birth/Age :

30 Years

Qualification :

MBA Engineer

Date of Appointment :

15.05.2012

Experience :

7 Years

BUSINESS DETAILS

Line of Business :

Importer and Trader of Furniture, Interior Products, Construction Materials and Related Inventory.

GENERAL INFORMATION

No. of Employees :	Information denied by the management.
Bankers :	Punjab National Bank, Cantonment Branch, Bangalore, Karnataka, India

Banking Relations :	--
Auditors :	Not Available

CAPITAL STRUCTURE

Capital Investment :
Owned :	Rs.0.100 Million
Borrowed :	--
Total :	Rs.0.100 Million

PARTNERS CONTRIBUTION DETAILS:

Particular	Contribution Amount In Millions
Snehla Sushil Mantri	0.010
Manoj Kumar Gilada	0.020
Srikumar Inani	0.020
Mantri Developers Private Limited	0.050
TOTAL	0.100

FINANCIAL DATA

[all figures are in Rupees Millions]

NOT DIVULGED

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	No
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	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	No
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	No
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	No
31]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
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 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.66.89
UK Pound	1	Rs.103.95
Euro	1	Rs.88.10

INFORMATION DETAILS

Information Gathered by :	NYA
Report Prepared by :	TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	1
PAID-UP CAPITAL	1~10	1
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
--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.