MIRA INFORM REPORT

Report Date :

26.12.2014

IDENTIFICATION DETAILS

Name :	DOWNTOWN RETAIL PRIVATE LIMITED
Registered Office :	302, Saroj Plaza, 150 Flyover Road, Near Padmavati Nagar, Bhainder (West), Thane - 401101, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	18.03.2008
Com. Reg. No.:	11-180235
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U52100MH2008PTC180235
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AACCD8255H
Legal Form :	Private Limited Liability Company
Line of Business :	To carry on business of Running Diplomatic Duty free shops at various Downtown Locations in the Country and to acquire set up, establish, maintain, operate business centre, departmental stores, super markets, shopping malls.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ca (12)

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. Management has reported huge accumulated losses leading to erosion of its networth base. However, Business is active. Payment terms are reported as 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

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 31-03-2014.

INFORMATION DECLINED

MANAGEMENT NON-COOPERATIVE

LOCATIONS

Registered Office :	302, Saroj Plaza, 150 Flyover Road, Near Padmavati Nagar, Bhainder (West), Thane - 401101, Maharashtra , India
Tel. No. :	Not Available
Fax No. :	Not Available
E-Mail :	roc.info@futuregroup.in cs.services2@gmail.com

DIRECTORS

AS ON 30.09.2014

Note :

Latest director’s name are not available.

Name :

Mr. Sunil Mantri

Designation :

Director

Address :

9-D, Nilgiri - I, Sector 34, Noida - 201307, Uttar Pradesh, India

Date of Birth/Age :

16.10.1965

Date of Appointment :

09.04.2008

Date of cessation :

30.11.2014

DIN No. :

02082403

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	U70200MH2007PTC168068	Shubham Business Ventures Private Limited	Director	20/08/2008	27/02/2008	30/11/2014	Active	NO
2	U52100MH2008PTC180235	DOWNTOWN RETAIL PRIVATE LIMITED	Director	09/04/2008	09/04/2008	30/11/2014	Active	NO
3	U51909MH2007PLC238764	Planet Traders Limited	Director	30/09/2009	21/03/2009	-	Active	NO
4	U19200DL2010PLC206824	Clarks Future Footwear Limited	Director	09/08/2010	09/08/2010	29/09/2010	Active	NO
5	U52100DL2010PTC206659	THINK FRESH INTERNATIONAL PRIVATE LIMITED	Director	04/09/2013	11/10/2012	-	Active	NO
6	U52100MH2014PTC253848	Skechers Retail India Private Limited	Director	05/03/2014	05/03/2014	10/10/2014	Active	NO

Name :

Mr. Ramawtar Jangir

Designation :

Director

Address :

B/306, Sagar Complex, Bldg No. 1, CHS Limited, Sector A, Jesal Park, Opposite Swagatam Building, Bhayandar (East), Mumbai - 401105

Date of Birth/Age :

15.01.1974

Date of Appointment :

11.06.2012

Date of cessation :

30.11.2014

DIN No. :

05140574

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	U85110MH2007PLC169493	FUTURE HOSPITALITY MANAGEMENT LIMITED	Director	29/09/2012	25/10/2011	-	Active	NO
2	U72100MH1999PLC120600	PRTL ENTERPRISES LIMITED	Additional director	29/12/2011	29/12/2011	-	Active	NO
3	U52100MH2008PTC180235	DOWNTOWN RETAIL PRIVATE LIMITED	Director	11/06/2012	11/06/2012	30/11/2014	Active	NO
4	U51909MH2010PTC207207	SANAVI MULTITRADING PRIVATE LIMITED	Director	17/01/2014	17/01/2014	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Shubham Business Ventures Private Limited, India	9999
Viren Ahuja	1
Total	10000

AS ON 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	99.99
Other top fifty share holders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :	To carry on business of Running Diplomatic Duty free shops at various Downtown Locations in the Country and to acquire set up, establish, maintain, operate business centre, departmental stores, super markets, shopping malls.
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Supplier :

Not Divulged

Customer :

Not Divulged

No. of Employees :

Information declined by the management.

Bankers :

Not Available

Facilities :

Secured Loan	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
Long-term Borrowings
Intercorporate borrowings	6.508	6.508
Total	6.508	6.508

Banking Relations :	--
Auditors :
Name :	Gupta Gattani and Company Chartered Accountants
Address :	Room No.107, Pratap Bhawan, 5 Bahadur Shah Zafar Marg, New Delhi – 110002, India
Tel. No. :	91-11-23753699 / 41523699
E-Mail :	gattani_jain@airtelmail.in gattani_jain@bol.net.in
PAN No. :	AAEFG1742M
Holding Company :	Shubham Business Ventures Private Limited [U70200MH2007PTC168068]

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100	0.100
(b) Reserves & Surplus	(24.958)	(25.852)	(25.867)
(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)	(24.858)	(25.752)	(25.767)
(3) Non-Current Liabilities
(a) long-term borrowings	6.508	25.875	26.664
(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)	6.508	25.875	26.664
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	69.321	130.456	0.000
(c) Other current liabilities	36.214	0.028	0.022
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	105.535	130.484	0.022
TOTAL	87.185	130.607	0.919
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.409	0.477	0.557
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.005
Total Non-Current Assets	0.409	0.477	0.562
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	29.606	0.000
(d) Cash and cash equivalents	0.786	0.233	0.267
(e) Short-term loans and advances	85.990	100.291	0.090
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	86.776	130.130	0.357
TOTAL	87.185	130.607	0.919

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	1093.236	870.802	0.000
	Other Income			0.000
	TOTAL	1093.236	870.802	0.000
Less	EXPENSES
	TOTAL	1092.342	870.787	0.114
	PROFIT/ (LOSS) BEFORE TAX	0.894	0.015	(0.114)
Less	TAX	0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	0.894	0.015	(0.114)
	Balance Carried to the B/S (J+K+L-M)	0.894	0.015	(0.114)
	Earnings / (Loss) Per Share (Rs.)	89.40	1.50	(11.40)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.08	0.00	0.00
Operating Profit Margin (PBIDT/Sales)	(%)	0.08	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	1.03	0.01	(12.40)
Return on Investment (ROI) (PBT/Networth)		(0.04)	0.00	0.00
Debt Equity Ratio (Total Debt/Networth)		(0.26)	(1.00)	(1.03)
Current Ratio (Current Asset/Current Liability)		0.82	1.00	16.23

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.100	0.100	0.100
Reserves & Surplus	(25.867)	(25.852)	(24.958)
Share Application money pending allotment	0.000	0.000	0.000
Net worth	(25.767)	(25.752)	(24.858)
long-term borrowings	26.664	25.875	6.508
Short term borrowings	0.000	0.000	0.000
Total borrowings	26.664	25.875	6.508
Debt/Equity ratio	(1.035)	(1.005)	(0.262)

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	0.000	870.802	1093.236
			25.544

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	0.000	870.802	1093.236
Profit/Loss	(0.114)	0.015	0.894
		0.00%	0.08%

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

PARTICULARS	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
Long-term Borrowings
Loans and advances from related parties	0.000	19.367
Total	0.000	19.367

CORPORATE INFORMATION

The company was incorporated on 18/03/2008, with the registrar of companies; Maharashtra, at Mumbai with the main objectives to carry on business of Running Diplomatic Duty free shops at various Downtown Locations in the Country and to acquire set up, establish, maintain, operate business centre, departmental stores, super markets, shopping malls.

FIXED ASSETS

· Office Equipment

· Electrical

· Wall Chillers

· Air Conditioner

· Computer

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.46
UK Pound	1	Rs.98.51
Euro	1	Rs.87.31

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis done by :	SUB
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	1
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	2
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		12

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.