MIRA INFORM REPORT

Report Date :

16.05.2014

IDENTIFICATION DETAILS

Name :	SUPERNOVA PUBLISHERS AND DISTRIBUTORS PRIVATE LIMITED
Registered Office :	34/35 A.R.D. Complex, First Floor, R. K. Puram, Sector-13, New Delhi - 110066, Delhi
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	12.04.2004
Com. Reg. No.:	55-125735
Capital Investment / Paid-up Capital :	Rs. 1.333 Millions
CIN No.: [Company Identification No.]	U22122DL2004PTC125735
Legal Form :	Private Limited Liability Company
Line of Business :	Publishing and distribution of books.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 56000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. There seems some dip in the turnover and profit of the company during 2013 however net worth of the company is satisfactory. Trade relations reported as fair. Business is active. Payment terms are reported to be usually correct. The company can be considered normal for business dealings at usual 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 – 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

US investment bank Goldman Sachs  has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

Bharti Airtel has raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

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 DENIED BY

Name :	Mr. Udayan Singh
Designation :	Director
Contact No.:	91-9818817289
Date :	13.05.2014

LOCATIONS

Registered Office :	34/35 A.R.D. Complex, First Floor, R. K. Puram, Sector-13, New Delhi - 110066, Delhi, India
Tel. No.:	91-11-24102317
Mobile No.:	91-9818817289 (Mr. Udayan Singh)
Fax No.:	91-11-24102318
E-Mail :	customercare.del@supernovapublishers.com supernova.publishers@gmail.com snpd_india@yahoo.com
Website :	http://www.supernovapublishers.com
Kolkata Office :	2nd Floor, Asha Bhavan, 63-A, College Street, Kolkata – 700073, West Bengal, India
Tel. No.:	91-33-22571646, 22572451, 65367835, 7278004002
Fax No.:	91-33-22571646, 22572451
E-Mail :	sales@supernovapublishers.com

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Udayan Singh

Designation :

Director

Address :

8, Vivekanand Marg, Lucknow- 226001, Uttar Pradesh, India

Date of Birth/Age :

04.09.1959

Date of Appointment :

13.04.2004

DIN No. :

00189219

Name :

Mr. Gautam Singh

Designation :

Director

Address :

C-230, Shekh Sarai, Phase-1, New Delhi - 110017, Delhi, India

Date of Birth/Age :

06.10.1953

Date of Appointment :

12.04.2004

DIN No. :

00189284

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	U45200JH1984PTC001946	KING COBRA ENTERPRISES PRIVATE LIMITED	Director	10/02/1984	10/02/1984	-	Active	NO
2	U23300BR1984PTC001945	BLUE BULL ENTERPRISES PRIVATE LIMITED	Director	20/06/1986	20/06/1986	-	Active	NO
3	U70101DL1989PTC036762	GLOBAL DEVELOPERS PRIVATE LIMITED	Director	28/06/1989	28/06/1989	-	Active	NO
4	U74899DL1992PTC051446	ZEE ABC AGRO INDUSTRIES PRIVATE LIMITED	Director	22/12/1992	22/12/1992	-	Active	NO
5	L32101UP1986PLC007841	LINAKS MICRO ELECTRONICS LIMITED	Director	20/11/1996	20/11/1996	-	Active	NO
6	U22122DL2004PTC125735	SUPERNOVA PUBLISHERS AND DISTRIBUTORS PRIVATE LIMITED	Director	12/04/2004	12/04/2004	-	Active	NO
7	U74899DL1990PTC041700	KURMANN SERVICES PRIVATE LIMITED	Director	04/10/2004	04/10/2004	-	Active	NO
8	U14290DL2007PTC165203	FRONTLINE GLOBAL SERVICES PRIVATE LIMITED	Director	26/06/2007	26/06/2007	-	Active	NO

Name :

Mr. Harsh Singh

Designation :

Director

Address :

34/35 A.R.D. Complex, R. K. Puram, Sector-13, New Delhi - 110066, Delhi, India

Date of Birth/Age :

31.10.1956

Date of Appointment :

12.04.2004

DIN No. :

00189457

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	U45200JH1984PTC001946	KING COBRA ENTERPRISES PRIVATE LIMITED	Director	10/02/1984	10/02/1984	-	Active	NO
2	U23300BR1984PTC001945	BLUE BULL ENTERPRISES PRIVATE LIMITED	Director	10/02/1984	10/02/1984	-	Active	NO
3	U70101DL1989PTC036762	GLOBAL DEVELOPERS PRIVATE LIMITED	Director	28/06/1989	28/06/1989	-	Active	NO
4	U74899DL1992PTC051446	ZEE ABC AGRO INDUSTRIES PRIVATE LIMITED	Director	22/12/1992	22/12/1992	-	Active	NO
5	U22122DL2004PTC125735	SUPERNOVA PUBLISHERS AND DISTRIBUTORS PRIVATE LIMITED	Director	12/04/2004	12/04/2004	-	Active	NO
6	U74899DL1990PTC041700	KURMANN SERVICES PRIVATE LIMITED	Director	04/10/2004	04/10/2004	-	Active	NO
7	U14290DL2007PTC165203	FRONTLINE GLOBAL SERVICES PRIVATE LIMITED	Director	26/06/2007	26/06/2007	-	Active	NO

Name :

Mr. Gobinda Chandra Biswas

Designation :

Director

Address :

96, Indraprasta, Barasat, Kolkata - 700127,West Bengal, India

Date of Birth/Age :

10.01.1968

Date of Appointment :

13.04.2014

DIN No. :

00189148

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders	No. of Shares
Udayan Singh	25000
Gautam Singh	33333
Harsh Singh	33333
Gobinda Chandra Biswas	33333
Shobha Singh	8334
Total	133333

AS ON 30.09.2013

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 :

Publishing and distribution of books.

GENERAL INFORMATION

No. of Employees :

Information declined by the management.

Bankers :

Bank Of Baroda, M-20, Greater Kailash-I, New Delhi - 110048, Delhi, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
SHORT TERM BORROWINGS
Cash Credit - Bank Of Baroda [Secured against hypothecation of stock and book debts.]	14.687	15.377
Car Loan - Bank Of Baroda	0.000	0.052
	14.687	15.429
Total

Banking Relations :	--
Auditors :
Name :	Arun Kishore and Company Chartered Accountants
Address :	D-25, Lajpat Nagar – II, New Delhi - 110024, Delhi, India
Telefax No.:	91-11-29834278 / 29839014
PAN No.:	AALPK4960C
Concern in which directors of their relatives have controlling interest:	· Frontline Associates · Kurmann Services Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
150000	Equity Shares	Rs.10/- each	Rs.1.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
133333	Equity Shares	Rs.10/- each	Rs. 1.333 Millions

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	1.333	1.333	1.333
(b) Reserves & Surplus	12.598	10.636	(2.014)
(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)	13.931	11.969	(0.681)
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.419	0.372	0.336
(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)	0.419	0.372	0.336
(4) Current Liabilities
(a) Short term borrowings	15.387	15.429	18.381
(b) Trade payables	69.585	69.002	64.186
(c) Other current liabilities	4.723	3.686	3.209
(d) Short-term provisions	0.850	1.550	1.250
Total Current Liabilities (4)	90.545	89.667	87.026
TOTAL	104.895	102.008	86.681
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3.401	3.598	0.299
(ii) Intangible Assets	0.017	0.032	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	1.465	1.465	0.027
(e) Other Non-current assets	0.000	0.000	52.278
Total Non-Current Assets	4.883	5.095	52.604
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	41.745	39.903	19.012
(c) Trade receivables	51.980	49.580	13.658
(d) Cash and cash equivalents	3.242	4.966	0.092
(e) Short-term loans and advances	2.881	2.277	1.100
(f) Other current assets	0.164	0.187	0.215
Total Current Assets	100.012	96.913	34.077
TOTAL	104.895	102.008	86.681

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	118.692	129.858	23.849
		Other Income	0.567	0.729	0.032
		TOTAL	119.259	130.587	23.881
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX		NA	NA	NA
Less	TAX		NA	NA	NA
	PROFIT/ (LOSS) AFTER TAX		1.962	3.107	2.908
	Earnings / (Loss) Per Share (Rs.)		14.71	23.30	---

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	1.65	2.38	12.18
Debt Equity Ratio (Total Liability/Networth)		1.10	1.29	(26.99)
Current Ratio (Current Asset/Current Liability)		1.10	1.08	0.39

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns.)	(INR in Mlns.)	(INR in Mlns.)
Share Capital	1.333	1.333	1.333
Reserves & Surplus	(2.014)	10.636	12.598
Share Application money pending allotment	0.000	0.000	0.000
Net worth	(0.681)	11.969	13.931
long-term borrowings	0.000	0.000	0.000
Short term borrowings	18.381	15.429	15.387
Total borrowings	18.381	15.429	15.387
Debt/Equity ratio	(26.991)	1.289	1.105

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Sales	23.849	129.858	118.692
		444.501	(8.599)

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Sales	23.849	129.858	118.692
Profit After Tax	2.908	3.107	1.962
	12.19%	2.39%	1.65%

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	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	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 LOANS

PARTICULAR	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
SHORT TERM BORROWINGS
Loans form Shareholders
Udayan Singh	0.700	0.000
Total	0.700	0.000

VIEW INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10093873	30/12/2009 *	16,300,000.00	Bank of Baroda	M-20, Greater Kailash-I, New Delhi, Delhi - 110048, India	A78659794
2	10094831	08/12/2007	1,000,000.00	Bank of Baroda	Greater Kailash-I, New Delhi, Delhi - 110048, India	A35293075
3	10093871	18/12/2009 *	16,000,000.00	Bank of Baroda	M-20, Greater Kailash-I, New Delhi, Delhi - 110048, India	A78659588
4	90336709	15/10/2005	1,500,000.00	BANK OF BARODA	Greater Kailash, New Delhi, Delhi, India	-

* Date of charge modification

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.59.47
UK Pound	1	Rs.99.70
Euro	1	Rs.81.55

INFORMATION DETAILS

Information Gathered by :	HNA
Analysis Done by :	DIV
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.