MIRA INFORM REPORT

IDENTIFICATION DETAILS

Name :	HOME IDEA UPHOLSTERY PRIVATE LIMITED
Country :	India
Financials (as on) :	31.03.2013
TAN No.: [Tax Deduction & Collection Account No.]	MUMH11723F
PAN No.: [Permanent Account No.]	AACCH1193G
Legal Form :	Private Limited Liability Company
No. of Employees :	Not Divulged

BUSINESS DETAILS

Line of Business :

Manufacturer and Trader of fabric i.e. Cotton, Jute, Silk, Nylon, Artificial Silk, Blankets, Bed Table and Bath Linen, Polyester, Acrylic, Shoddy, Hemp Synthetic Mat.

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

· Union Bank of India, Santacruz (West) Branch, La Avanti, Junction Of S. V. Road And Main Avenue, Santacruz (West), Mumbai - 400054, Maharashtra, India

· ICICI Bank, ICICI Bank Towers, Bandra-Kurla Complex, Bandra (E), Mumbai - 400051, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Short term borrowings
Other loans and advances	267.441	209.878
Total	267.441	209.878

UNSECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long term borrowings
Loans and advances from directors	2.950	7.600
Short term borrowings
Loans and advances from directors	0.000	7.895
Loans and advances from others	7.895	6.000
Total	10.845	21.495

Banking Relations :	--
Name :	Lakhani and Company Chartered Accountants
Address :	Hemsharsaka, 19, Gola Lane, Fort, Mumbai – 400001, Maharashtra, India
PAN No.:	AAAFL1302L
Related Parties :	· Dicitex Decore Exports · Dicitex Decore Private Limited · Mahesh Trading Company · Home Idea Curtain Fabrics

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders	No. of Shares
Ajay Virender Arora	863632
Arvind Madhavprasad Poddar	18368
Simone Ajay Arora	98000
Total	980000

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	9.800	9.800	9.800
(b) Reserves & Surplus	202.647	138.888	90.619
(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)	212.447	148.688	100.419
(3) Non-Current Liabilities
(a) long-term borrowings	2.950	7.600	8.430
(b) Deferred tax liabilities (Net)	0.698	1.023	0.830
(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)	3.648	8.623	9.260
(4) Current Liabilities
(a) Short term borrowings	275.336	223.773	144.184
(b) Trade payables	33.427	24.884	6.419
(c) Other current liabilities	39.781	19.644	34.847
(d) Short-term provisions	2.929	0.429	0.932
Total Current Liabilities (4)	351.473	268.730	186.382
TOTAL	567.568	426.041	296.061
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	10.372	9.916	9.672
(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	13.271	13.271	1.420
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	23.643	23.187	11.092
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	267.841	256.186	135.988
(c) Trade receivables	184.795	128.723	103.057
(d) Cash and cash equivalents	13.815	4.788	33.606
(e) Short-term loans and advances	75.103	10.889	11.599
(f) Other current assets	2.371	2.268	0.719
Total Current Assets	543.925	402.854	284.969
TOTAL	567.568	426.041	296.061

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income
	Other Income
	TOTAL	NA	1,278.738	860.626
Less	EXPENSES
	TOTAL	NA	1,206.276	774.387
	PROFIT/ (LOSS) BEFORE TAX	NA	72.462	86.239
Less	TAX	NA	24.193	29.038
	PROFIT/ (LOSS) AFTER TAX	63.759	48.269	57.201
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	NA	90.618	33.417
	Balance Carried to the B/S	NA	138.887	90.618
	EARNINGS IN FOREIGN CURRENCY	32.381	7.330	NA
	Earnings / (Loss) Per Share (Rs.)	65.06	49.25	NA

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear

RBI DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

LOCATIONS

Registered Office :	972, Solitaire Corporate Park, Building No. 9, 167, Guru Hargovindji Marg Andhrei (East), Mumbai - 400093, Maharashtra, India
Tel. No.:	91-22-66782020 / 40082000
Fax No.:	91-22-40082001
E-Mail :	sales@home-ideas.in deepakb@dicitexdecor.com sameerkanani@gmail.com
Website :	http://www.home-ideas.in/
Factory :	Located at · Bhiwandi · Tarapur

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.