1. Summary Information

		Country	INDIA
Company Name	J PARSAD AND COMPANY PRIVATE LIMITED	Principal Name 1	Mr. Amit Chawla
Status	Moderate	Principal Name 2	Mr. Avinash Chawla
		Registration #	55-097577
Street Address	29/1, Shakti Nagar, Delhi – 110007, India
Established Date	21.12.1998	SIC Code	--
Telephone#	91-9810111179	Business Style 1	Distributor
Fax #	Not Available	Business Style 2	--
Homepage	Not Available	Product Name 1	Dish TV connections
# of employees	95 (Approximately)	Product Name 2	--
Paid up capital	Rs. 2,301,000/-	Product Name 3	--
Shareholders	Directors or relatives of Directors – 100%	Banking	HDFC Bank Limited
Public Limited Corp.	NO	Business Period	16 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	B (28)
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	87,412,000	Current Liabilities	1,892,000
Inventories	64,477,000	Long-term Liabilities	147,447,000
Fixed Assets	5,771,000	Other Liabilities	0,000
Deferred Assets	0,000	Total Liabilities	149,339,000
Invest& other Assets	0,000	Retained Earnings	6,020,000
		Net Worth	8,321,000
Total Assets	157,660,000	Total Liab. & Equity	157,660,000
Total Assets (Previous Year)	103,148,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales	--	Net Profit	1,747,000
Sales(Previous yr)	--	Net Profit(Prev.yr)	1,342,000

MIRA INFORM REPORT

Report Date :

22.04.2014

IDENTIFICATION DETAILS

Name :	J PARSAD AND COMPANY PRIVATE LIMITED
Registered Office :	29/1, Shakti Nagar, Delhi-110007
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	21.12.1998
Com. Reg. No.:	55-097577
Capital Investment / Paid-up Capital :	Rs.2.301 Million
CIN No.: [Company Identification No.]	U51909DL1998PTC097577
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in selling of Dish TV connections.
No. of Employees :	95 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (28)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 330000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. External borrowing of the company is huge which act as a threat to liquidity position of the company. However, Trade relation are fair. Business is active. Payment terms are slow. The company can be considered for business dealing 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 – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
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

India’s current account deficit for the fiscal third quarter ended September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and moderation in gold imports. Manufacturing activity and new orders in India showed their strongest growth in a year in February. The news comes as a relief after data showed Asia’s third largest economy grew by a slower-than-expected 4.7 % annually in the three months through December. The HSBC Manufacturing Purchasing Managers’ Index which gauges the business activity of India’s factories but not its’ utilities, rose to 52.5 in February, its highest in a year from 51.4 in January. Overall new orders for factory goods which rose to a one-year high of 54.9 contributed to the surge. China has emerged as India’s biggest trading partner in the current financial year replacing the United Arab Emirates and pushing it to the third spot. India-China trade has reached $49.5 billion with a 8.7 % share in India’s total trade. The US comes second at $46 billion with 8.1 % share during the first nine months of the current financial year.

The Reserve Bank of India has granted an additional nine months to the public to exchange currency notes printed before 2005 including Rs 500 and Rs 1,000 denominations, pushing the deadline to January 1, 2015. A day before dates for the Lok Sabha polls were announced, the government decided to hike interest rates on fixed deposit schemes offered by post offices up to 0.2 per cent. The new rates will be effective April, 1. The Supreme Court will resume hearing on March, 11 Nokia’s appeal against a ruling over transferring ownership of its local mobile phones plant which is the subject of a tax dispute to Microsoft Corp.

In the last days of the current Government, another scam has surfaced. The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The Central Bureau of Investigation will look into allegations that over $80 million was paid in kickbacks in a deal signed in 2011. India has asked Boeing Co. to find a solution for problems with state-owned Air India’s 787 Dreamliners. The aircraft has experienced a series of malfunctions since its debut in 2011.

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. Amit Chawla
Designation :	Director
Contact No.:	91-9312123939
Date :	09.04.2014

LOCATIONS

Registered Office :	29/1, Shakti Nagar, Delhi – 110007, India
Tel. No.:	Not Available
Mobile :	91-9810111179 (Mr. Amit Chawla)
Fax No.:	Not Available
E-Mail :	jpcpl@rediffmail.com

DIRECTORS

As on: 30.09.2013

Name :

Mr. Amit Chawla

Designation :

Director

Address :

AE-34, Shalimar Bagh, Delhi – 110088, India

Date of Birth/Age :

11.10.1968

Date of Appointment :

21.12.1998

DIN No.:

01217720

Other Directorships :

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	U51909DL1998PTC097577	J PARSAD AND COMPANY PRIVATE LIMITED	Director	21/12/1998	21/12/1998	-	Active	NO
2	U74993DL1996PTC075553	DUKO (INDIA) PRIVATE LIMITED	Director	31/07/2010	31/07/2010	-	Active	NO

Name :

Mr. Avinash Chawla

Designation :

Director

Address :

AE-34, Shalimar Bagh, Delhi – 110088, India

Date of Birth/Age :

20.07.1942

Date of Appointment :

21.12.1998

DIN No.:

03030434

MAJOR SHAREHOLDERS

As on: 30.09.2013

Names of Shareholders	No. of Shares
Amit Chawla	115110
Avinash Chawla	115010
Total	230120

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Distributor of electronic home Appliance.
Agencies Held :	Samsung Videocon D2H Airtel
Terms :
Selling :	Cash/ Credit
Purchasing :	Cash / credit

GENERAL INFORMATION

No. of Employees :

95 (Approximately)

Bankers :

• HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India

Facilities :

Rs in Millions

SECURED LOAN	31.03.2013	31.03.2012
Loans from Banks :
Banks	3.739	3.214
Term Loan from Banks	115.730	74.371
Total	119.469	77.585

Banking Relations :	---
Auditors :
Name :	Arun Sehgal Chartered Accountants
Address :	BN-14, East Shalimar Bagh, Delhi – 110088, India
PAN No.:	AISPS1215G

CAPITAL STRUCTURE

As on: 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Shares	Rs. 10/-each	Rs. 2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
230120	Equity Shares	Rs. 10/-each	Rs. 2.301 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	2.301
(b) Reserves & Surplus	6.020
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	8.321
(3) Non-Current Liabilities
(a) long-term borrowings	31.717
(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)	31.717
(4) Current Liabilities
(a) Short term borrowings	115.730
(b) Trade payables	1.562
(c) Other current liabilities	0.330
(d) Short-term provisions	0.000
Total Current Liabilities (4)	117.622
TOTAL	157.660
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	5.771
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	5.771
(2) Current assets
(a) Current investments
(b) Inventories	64.477
(c) Trade receivables	75.573
(d) Cash and cash equivalents	1.902
(e) Short-term loans and advances	0.636
(f) Other current assets	9.301
Total Current Assets	151.889
TOTAL	157.660

SOURCES OF FUNDS		31.03.2012	31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		2.301	2.301
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		4.573	3.231
4] (Accumulated Losses)		0.000	0.000
NETWORTH		6.874	5.532
LOAN FUNDS
1] Secured Loans		77.585	61.017
2] Unsecured Loans		12.678	15.943
TOTAL BORROWING		90.263	76.960
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		97.137	82.492
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		5.061	1.636
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	55.377	43.505
	Sundry Debtors	38.339	33.743
	Cash & Bank Balances	1.411	2.482
	Other Current Assets	2.810	1.077
	Loans & Advances	0.150	0.627
Total Current Assets		98.087	81.434
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	5.960	0.495
	Other Current Liabilities	0.051	0.083
	Provisions	0.000	0.000
Total Current Liabilities		6.011	0.578
Net Current Assets		92.076	80.856
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		97.137	82.492

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income
		Other Income
		TOTAL (A)	NA	NA	NA
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	NA	NA	NA
	PROFIT AFTER TAX (G-H) (I)		1.747	1.342	1.114
	Earnings Per Share (Rs.)		7.59	5.83	4.84

KEY RATIOS

PARTICULARS	31.03.2014	31.03.2012	31.03.2011
Debt Equity Ratio (Total Debt /Networth)	17.72	13.13	13.91
Current Ratio (Current Asset/Current Liability)	1.29	16.32	140.89

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	No
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	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

UNSECURED LOAN :

Rs in Millions

PARTICULARS	31.03.2013	31.03.2012
Unsecured Loans	27.978	12.678
Total	27.978	12.678

FINANCIAL RESULTS AND OPERATION:

During the year under consideration the company has earned a profit of Rs. 1.747 Million (previous year profit of Rs.1.343 Million) thus, directors are hopeful of earning more profit in the near future.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10016721	21/10/2013 *	150,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA	B88810510
2	10016426	13/07/2006	17,500,000.00	CENTURION BANK OF PUNJAB LIMITED	3977/3980, ROSHANARA ROAD, DELHI, DELHI - 110007, INDIA	A03228921

FIXED ASSETS

· Air Conditioner

· Building

· Car

· Cellular Phone

· Computer

· Currency Counting Machine

· Cycle

· Fan

· Fax

· Furnishing and Fixtures

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] 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.60.33
UK Pound	1	Rs.101.40
Euro	1	Rs.83.38

INFORMATION DETAILS

Information Gathered by :	PLK
Analysis Done by :	SMT
Report Prepared by :	YOG

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--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	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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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.