MIRA INFORM REPORT

Report Date :

21.05.2014

IDENTIFICATION DETAILS

Name :	AVHADOOT ELECTRONICS SUPPLIERS PRIVATE LIMITED
Registered Office :	Gangapur Gin Compound, Near Dharmik Pariksha Board, Station Road, Ahmednagar – 414001, Maharashtra
Country :	India
Date of Incorporation :	10.10.2012
Com. Reg. No.:	145030
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U52399PN2012PTC145030
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Electronic Consumable Components.
No. of Employees :	35 (Approximately)

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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a relatively new company having moderate track. Management has failed to file any financial statements with the government department since inception. Mr. Pradeep Barpute, Accounts Officer provided information and confirmed that the company has started its activity from April, 2014. Trade relations are improving. Business is active. Payment terms are unknown. In view of infancy, the subject 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 – 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 PARTED BY

Name :	Mr. Pradeep Barpute
Designation :	Account Officer
Contact No.:	91-241-2451123
Date :	20.05.2014

LOCATIONS

Registered Office :	Gangapur Gin Compound, Near Dharmik Pariksha Board, Station Road, Ahmednagar – 414001, Maharashtra, India
Tel. No.:	91-241-2030882/ 2451123
Fax No.:	Not Available
E-Mail :	vishnumulay@gmail.com vamulay@hotmail.com ssalunke111@gmail.com

DIRECTORS

Name :

Mr. Vishnu Achyut Mulay

Designation :

Director

Address :

133, Ekta Colony, Kedgaon Devi Road, Kedgaon, Ahmednagar – 414001, Maharashtra, India

Date of Birth/Age :

16.06.1964

Date of Appointment :

10.10.2012

DIN No.:

01130074

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	U29305PN2000PTC015371	SHRI CHINTAMANI APPLIANCES PRODUCTS MANUFACTURING AND TRADING COMPANY PRIVATE LIMI	Director	03/10/2000	03/10/2000	-	Active	NO
2	U74999PN2000PTC015409	SHRI SAI INDUSTRIAL SUPPLIERS PRIVATE LIMITED	Director	10/10/2000	10/10/2000	-	Active	NO
3	U74999PN2000PTC015410	OMKAR INDUSTRIAL SUPPLIERS PRIVATE LIMITED	Director	10/10/2000	10/10/2000	-	Active	NO
4	U29308GJ1984PTC007531	TRESSA ELECTRONICS PVT LTD	Director	20/07/2001	20/07/2001	-	Active	NO
5	U74210MH1996PTC098116	AIRSHOT ENGINEERING (INDIA) PRIVATE LIMITED	Director	22/09/2001	22/09/2001	-	Amalgamated	NO
6	U99999MH1981PLC025081	SYNLENE FABRICS LTD	Director	27/09/2001	27/09/2001	-	Active	NO
7	U99999MH1994PLC133953	MICRO HOUSING FINANCE LIMITED	Director	03/11/2001	03/11/2001	-	Active	NO
8	U74120MH1981PTC025424	TEKCARE INDIA PRIVATE LIMITED	Director	05/09/2002	05/09/2002	-	Active	NO
9	U01111GA1994PTC001725	SYCAMORE GROWMORE PRIVATE LIMITED	Director	01/11/2003	01/11/2003	-	Active	NO
10	U70200GA1994PTC001723	ORAGON REALTY PRIVATE LIMITED	Director	01/11/2003	01/11/2003	-	Active	NO
11	U63000MH2003PTC143152	MESSENGER CARGO MOVERES AND LOGISTICS PRIVATE LIMITED	Director	17/11/2003	17/11/2003	-	Active	NO
12	U63000MH2003PTC143285	MAHALAXMI TRANSPORT AND COURIER SERVICES PRIVATE LIMITED	Director	25/11/2003	25/11/2003	-	Active	NO
13	U29308MH2002PTC137006	ESHWAR HOME APPLIANCES PRIVATE LIMITED	Director	02/05/2005	02/05/2005	03/07/2008	Active	NO
14	U70200PN2010PTC136883	SHIVARINARAYAN REALTY PRIVATE LIMITED	Director	20/07/2010	20/07/2010	-	Active	NO
15	U52399PN2012PTC145030	AVHADOOT ELECTRONICS SUPPLIERS PRIVATE LIMITED	Director	10/10/2012	10/10/2012	-	Active	NO
16	U32208PN2012PTC145771	DURWANKUR HOME APPLIANCES PRIVATE LIMITED	Director	18/12/2012	18/12/2012	-	Active	NO

Name :

Mr. Suresh Rambhau Salunke

Designation :

Director

Address :

At-Khadki, Post Khandala, Ahmednagar – 414001, Maharashtra, India

Date of Birth/Age :

01.06.1968

Date of Appointment :

10.10.2012

DIN No.:

01130097

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	Company/ LLP Status	Defaulting status
1	U29305PN2000PTC015374	APOLLO MANUFACTURING AND SUPPLY PRIVATE LIMITED	Director	03/10/2000	03/10/2000	Active	NO
2	U29300PN2002PTC017098	MARK KITCHEN ACCESSORIES (INDIA) PRIVATE LIMITED	Director	28/06/2002	28/06/2002	Active	NO
3	U29301PN2002PTC017128	SUYOG ACCESSORIES AND HOME APPLIANCES (INDIA) PRIVATE LIMITED	Director	05/07/2002	05/07/2002	Active	NO
4	U52399PN2012PTC145030	AVHADOOT ELECTRONICS SUPPLIERS PRIVATE LIMITED	Director	10/10/2012	10/10/2012	Active	NO
5	U32208PN2012PTC145730	DURGA KITCHEN ACCESSORIES PRIVATE LIMITED	Director	14/12/2012	14/12/2012	Active	NO
6	U32208PN2012PTC145754	PRECIOUS KITCHEN APPLIANCES PRIVATE LIMITED	Director	17/12/2012	17/12/2012	Active	NO

KEY EXECUTIVES

Name :	Mr. Pradeep Barpute
Designation :	Accounts Officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 06.10.2012)

Name of Shareholders	No of Shares	Percentage
Vishnu Achyut Mulay	5000	50.00
Suresh Rambhau Salunke	5000	50.00
Total	10000	100.00

BUSINESS DETAILS

Line of Business :	Trader of Electronic Consumable Components.
Terms :
Selling :	Cash and Advance Payment
Purchasing :	Cash and Advance Payment

GENERAL INFORMATION

Customers :	Wholesalers and End Users
No. of Employees :	35 (Approximately)
Bankers :	· Federal Bank Fort, Mumbai, Maharashtra, India
Facilities :	--

Banking Relations :	--
Auditors :	Not Divulged
Associates/Subsidiaries :	· Apollo Manufacturing and Supply Private Limited · Precious Kitchen Appliances Private Limited · Durga Kitchen Accessories Private Limited

CAPITAL STRUCTURE

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]

NOT DIVULGED

NOTE: Activity Started from April, 2014.

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	No
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	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	No
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	No
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

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.58.75
UK Pound	1	Rs.98.77
Euro	1	Rs.80.53

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	SUB
Report Prepared by :	NIT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION		0
--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	YES
--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.