1. Summary Information

		Country	India
Company Name	WONDER SIGNS PRIVATE LIMITED	Principal Name 1	Mr. Ashwin Ramesh Agarwal
Status	Moderate	Principal Name 2	Mr. Mohender Kumar Garg
		Registration #	11-141883
Street Address	G-7 Nahar Seth Industrial Estate, Cardinal Grecious Road, Chakala, Andheri (East), Mumbai – 400099, Maharashtra
Established Date	26.08.2003	SIC Code	--
Telephone#	91-22-66942411	Business Style 1	Supplier
Fax #	91-22-66942413	Business Style 2	--
Homepage	--	Product Name 1	Flex
# of employees	Not Divulged	Product Name 2	Vynl
Paid up capital	Rs. 1,000,000/-	Product Name 3	Backlits
Shareholders	Directors or relatives of Directors – 100%	Banking	Axis Bank Limited
Public Limited Corp.	No	Business Period	11 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	B (27)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	13,381,000	Current Liabilities	5,800,000
Inventories	81,000	Long-term Liabilities	3,553,000
Fixed Assets	631,000	Other Liabilities	855,000
Deferred Assets	102,000	Total Liabilities	10,208,000
Invest& other Assets	0,000	Retained Earnings	2,987,000
		Net Worth	3,987,000
Total Assets	14,195,000	Total Liab. & Equity	14,195,000
Total Assets (Previous Year)	15,857,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Total Income	32,272,000	Net Profit	355,000
Total Income (Previous yr)	30,417,000	Net Profit(Prev.yr)	326,000

MIRA INFORM REPORT

Report Date :

26.06.2014

IDENTIFICATION DETAILS

Name :	WONDER SIGNS PRIVATE LIMITED
Registered Office :	G-7 Nahar Seth Industrial Estate, Cardinal Grecious Road, Chakala, Andheri (East), Mumbai – 400099, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	26.08.2003
Com. Reg. No.:	11-141883
Capital Investment / Paid-up Capital :	Rs. 1.000 Million
CIN No.: [Company Identification No.]	U74999MH2003PTC141883
TAN No.: [Tax Deduction & Collection Account No.]	MUMW02058A
PAN No.: [Permanent Account No.]	AAACW4957B
Legal Form :	Private Limited Liability Company
Line of Business :	Supplier of Advertising Materials like Flex, Vinyle And Backlits.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 16000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Management of the company has failed to file its financials of 2012 and 2013 with government department. As per financials of 2011, company seems to be small. However, trade relation are fair. Business is active. Payment terms are unknown. 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, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
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

N E W S

The economy grew 4.7 %in 2013/14, marking a second straight year of sub-5 % growth – the worst slowdown in more than a quarter of a century. The data was below an official estimate of 4.9 % annual growth and compared with 4.5 % in the last fiscal year. However, the current account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before. A sharp fall in gold imports due to restrictions on overseas purchases and muted import of capital goods helped shrink the current account deficit.

Online retailer Flipkart has acquired fashion portal Myntra as it prepares to battle with the rapidly expanding India arm of the global e-commerce giant Amazon. The company raised $ 210 million from Russian Investment firm DST Global which has also invested in companies like Facebook, Twitter and Alibaba Group.

General Motors will start exporting vehicles from its Talegaon plant near Pune in the second half of 2014. GM was one of the few global carmakers that was using its India plant only for the domestic market.

Google has overtaken Apple as the world’s top brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top 10 of the 100 slots were dominated by US companies.

Infosys lost another heavy weight when B G Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V Balakrishnan being the other two. While Vemuri went on to lead IGate, Balakrishnan joined politics.

Naresh Goyal – promoted Jet Airways posted biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31, mainly because it has been offering discounts to passengers to fill planes.

William S Pinckney – Chairman and CEO of Amway India was arrested by the Andhra Pradesh Police in connection with a complaint against the direct selling firm. This is the second time that he has been taken into custody. A year, ago the Kerala Police had arrested Pinckney and two company directors on charges of financial irregularities.

China has told its state-owned enterprises to sever links with American consulting firms after the United States charged five Chinese military officers wih hacking US companies. China’s action which targets consultancies like McKinsey & Co. and the Boston Consulting Group, sterns from fears that the first are providing trade secrets to the US governments.

India has emerged as a country with some of the highest unregistered businesses in the world. Indonesia has the maximum number of shadow businesses, says a study of 68 countries by Imperial College Business School in London.

Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55 pounds a share.

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 BY

Name :	Mr. Ashwin Agarwal
Designation :	Director
Contact No.:	91-22-27801205
Date :	20.06.2014

LOCATIONS

Registered Office :	G-7 Nahar Seth Industrial Estate, Cardinal Grecious Road, Chakala, Andheri (East), Mumbai – 400099, Maharashtra, India
Tel. No. :	91-22-66942411
Fax No. :	91-22-66942413
E-Mail :	ramesh@shahtaparia.com

DIRECTORS

As on 30.09.2011

Name :

Mr. Ashwin Ramesh Agarwal

Designation :

Director

Address :

Ashwin Agarwal, G-7, Nahar and Seth Industrial Estate, Cardinal Gracious Road, Chakala Andheri East, Mumbai - 400099, Maharashtra, India

Date of Birth/Age :

19.02.1983

Date of Appointment :

26.08.2003

DIN No. :

00196967

Name :

Mr. Mohender Kumar Garg

Designation :

Director

Address :

Mohender Garg G-7, Nahar and Seth Industrial Estate, Cardinal Gracious Road, Chakala Andheri East, Mumbai – 400099, Maharashtra, India

Date of Birth/Age :

30.08.1963

Date of Appointment :

26.08.2003

DIN No. :

00426642

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	U74999MH1946PTC005161	CONTINENTAL DRUG COMPANY PRIVATE LIMITED	Director	04/03/1994	04/03/1994	-	Active	NO
2	U45209MH1946PTC005187	EDISONS UTILITY WORKS PRIVATE LIMITED	Director	04/03/1994	04/03/1994	-	Active	NO
3	U70101MH1982PLC028617	AQUALAND (INDIA) LIMITED	Director	01/04/2001	01/04/2001	-	Active	NO
4	U51311DL2002PTC117077	VYOMA OVERSEAS PRIVATE LIMITED	Director	20/09/2002	20/09/2002	-	Active	NO
5	U74999MH2003PTC141883	WONDER SIGNS PRIVATE LIMITED	Director	26/08/2003	26/08/2003	-	Active	NO
6	U61100DL1997PTC090607	JIFFY SHIPPING CO. PRIVATE LIMITED	Director	01/10/2005	01/10/2005	01/01/2009	Active	NO
7	U99999MH2000PTC125928	INTERACTIVE TRADEX INDIA PRIVATE LIMITED	Director	30/09/2006	30/09/2006	-	Active	NO
8	L28100MH1964PLC013064	SOLID CONTAINERS LIMITED	Director	29/09/2008	29/04/2008	-	Active	NO
9	U74999MH2008PTC179307	FAIRPLAY PROPERTIES PRIVATE LIMITED	Director	23/06/2008	23/06/2008	-	Active	NO
10	U52390MH2009PTC195348	WONDER IMPORTS PRIVATE LIMITED	Director	31/08/2009	31/08/2009	17/05/2011	Active	NO
11	U52190MH2009PTC195349	VYOMA EXIM PRIVATE LIMITED	Director	31/08/2009	31/08/2009	-	Active	NO
12	U36101DL2004PTC127411	EVERGREEN INTERIORS PRIVATE LIMITED	Director	01/03/2010	01/03/2010	-	Active	NO
13	U28999MH2010PTC208358	VYOMA ISPAT PRIVATE LIMITED	Director	28/09/2010	28/09/2010	-	Active	NO
14	U27320MH2008PTC189234	K.C. FERRO AND REROLLING MILLS PRIVATE LIMITED	Director	15/05/2011	15/05/2011	-	Active	NO
15	U67120WB1997PTC084437	MURLI M CHANDAK SECURITIES PRIVATE LIMITED	Director	10/10/2011	10/10/2011	-	Active	NO

Name :

Mr. Gaurav Ramesh Agarwal

Designation :

Director

Address :

306, Mangal Tower, Sector – 17, Vashi Nim, Vashi, Thane – 400705, Maharashtra, India

Date of Birth/Age :

30.03.1982

Date of Appointment :

15.05.2010

DIN No. :

02218268

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	U51909MH2003PTC142336	ACE SIGN IMPEX PRIVATE LIMITED	Director	23/09/2003	23/09/2003	28/03/2009	Active	NO
2	U74999MH2003PTC141883	WONDER SIGNS PRIVATE LIMITED	Director	15/05/2010	15/05/2010	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Mohender Garg	25000
Ashwin Agarwal	21000
Neeta A Shah	4000
Vikas Saraf	10000
Ravi Garg	10000
Asha Garg	10000
Ramesh Agarwal	10000
Vijaya Agarwal	10000
Total	100000

As on 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Supplier of Advertising Materials like Flex, Vinyle And Backlits.

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

· Axis Bank Limited

· HDFC Bank Limited

Facilities :

(Rs. In Millions)

Secured Loans	As on 31.03.2011	As on 31.03.2010
Axis Bank Car Loan Account (Secured by Hypothecation of Car)	0.000	0.077
HDFC Bank Overdraft	3.553	2.092
Total	3.553	2.169

Banking Relations :

--

Auditors :

Name :

Shah and Taparia

Chartered Accountants

Address :

12, Navjeevan Wadi, Dhobi Talao, Mumbai – 400002, Maharashtra, India

Tel. No. :

91-22-66319266 / 67 / 68

Website :

www.shahtaparia.com

PAN No. :

AAOFS0663D

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs. 1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs. 1.000 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		1.000	1.000	1.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		2.987	2.632	2.306
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		3.987	3.632	3.306
LOAN FUNDS
1] Secured Loans		3.553	2.169	1.940
2] Unsecured Loans		0.000	0.000	0.110
TOTAL BORROWING		3.553	2.169	2.050
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		7.540	5.801	5.356
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.631	0.816	1.064
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.102	0.098	0.084
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.081	1.366	5.737
	Sundry Debtors	8.634	8.639	9.664
	Cash & Bank Balances	0.293	0.743	1.623
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	4.454	4.195	3.226
Total Current Assets		13.462	14.943	20.250
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	5.225	8.073	13.962
	Other Current Liabilities	0.575	1.293	1.529
	Provisions	0.855	0.690	0.551
Total Current Liabilities		6.655	10.056	16.042
Net Current Assets		6.807	4.887	4.208
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		7.540	5.801	5.356

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income
		Other Income
		TOTAL	32.272	30.417	33.188
Less	EXPENSES
		TOTAL	31.749	29.945	32.473
	PROFIT BEFORE TAX		0.523	0.472	0.715
Less	TAX		0.168	0.146	0.311
	PROFIT AFTER TAX		0.355	0.326	0.404
	IMPORTS		3.637	4.567	1.020
	Earnings Per Share (Rs.)		3.55	3.26	4.04

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.10	1.07	1.22
Return on Total Assets (PBT/Total Assets}	(%)	3.71	3.00	3.35
Return on Investment (ROI) (PBT/Networth)		0.13	0.13	0.22
Debt Equity Ratio (Total Debt/Networth)		0.89	0.60	0.62
Current Ratio (Current Asset/Current Liability)		2.02	1.49	1.26

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2009	31.03.2010	31.03.2011
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Income	33.188	30.417	32.272
		-8.349	6.099

NET PROFIT MARGIN

Net Profit Margin	31.03.2009	31.03.2010	31.03.2011
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Income	33.188	30.417	32.272
Profit	0.404	0.326	0.355
	1.22%	1.07%	1.10%

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	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	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	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
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

FIXED ASSETS

• Air Conditioner
• Computer
• Motor Car
• Fax Machine
• Furniture and Fixture
• Office Equipment
• Telephone
  

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.60.28
UK Pound	1	Rs.102.28
Euro	1	Rs.82.05

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	SUM
Report Prepared by :	VNK

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	3
--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	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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		27

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.