MIRA INFORM REPORT

Report No. :	306413
Report Date :	28.02.2015

IDENTIFICATION DETAILS

Name :	SOUTH ASIAN ENTERPRISES LIMITED
Registered Office :	Mikky House, K – Block, Kidwai Nagar, Kanpur - 208 011, Uttar Pradesh
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	21.03.1990
Com. Reg. No.:	20-011753
Capital Investment / Paid-up Capital :	Rs. 39.991 Millions
CIN No.: [Company Identification No.]	L91990UP1990PLC011753
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Trading in earthing and Lighting Protection System
No. of Employees :	60 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (31)

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

Maximum Credit Limit :	USD 350000
Status :	Moderate
Payment Behaviour :	Slow But Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Management has reported a low profit margin during FY 14, as against a previous year loss. However, trade relations seem to be fair. Business is active. Payment terms are reported as slow but correct. In view of modest scale of operations, 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
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 PARTED BY

Name :	Mr. Gupta
Designation :	Managing Director
Contact No.:	91-11-46656666
Date :	17.02.2015

LOCATIONS

Registered Office :	Mikky House, K – Block, Kidwai Nagar, Kanpur - 208 011, Uttar Pradesh, India
Tel. No.:	91-512-2606859 / 46656666 (Mr. Gupta)
Mobile No.:	Not Available
Fax No.:	91-11-46656699
E-Mail :	tbgupta@sael.co.in
Website :	http://www.sael.co.in
Corporate Office :	2^nd Floor, 13, Sant Nagar, East of Kailash, New Delhi – 110 065, India
Tel. No.:	91-11-46656666
Fax No.:	91-46656699
Branches :	Located at Lucknow

DIRECTORS

As on 27.09.2014

Name :

Dr. Balasubrahmanyam Venkataraman

Designation :

Director

Address :

43, Sukhchain Marg, DLF City, Phase I, Gurgaon – 122002, Haryana, India

Date of Birth/Age :

89 years

Qualification :

B.Sc. (H), M.A., D. Litt.

Date of Appointment :

27.09.2014

DIN No.:

00040114

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	U55101DL1981PLC012652	C J INTERNATIONAL HOTELS LIMITED	Director	01-10-2014	31-03-1986	-	Active	NO
2	L91990UP1990PLC011753	SOUTH ASIAN ENTERPRISES LIMITED	Director	27-09-2014	26-12-1992	-	Active	NO
3	L24232DL1988PLC030958	INDRAPRASTHA MEDICAL CORPORATION LIMITED	Director	30-09-2014	22-09-1995	-	Active	NO

Name :

Shri Tej Bhan Gupta

Designation :

Vice-Chairman and Managing Director

Address :

F – 186, Sarita Vihar, New Delhi – 110076, Delhi, India

Date of Appointment :

30.09.2014

DIN No.:

00106181

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	L91990UP1990PLC011753	SOUTH ASIAN ENTERPRISES LIMITED	Managing director	30-09-2014	05-10-1991	-	Active	NO
2	U74899DL1994PLC062123	VLS SECURITIES LIMITED	Director	30-09-2000	30-09-2000	-	Active	NO
3	L65910DL1986PLC023129	V L S FINANCE LIMITED	Whole-time director	21-06-2007	21-06-2001	22-10-2008	Active	NO
4	U67120UP1991PTC012963	VLS INVESTMENTS private limited	Director	29-06-2001	29-06-2001	-	Strike off	NO
5	U67190DL1985PLC022302	VLS CAPITAL LIMITED	Whole-time director	23-10-2011	04-03-2005	-	Active	NO
6	U74899DL1983PTC016531	ARIEN NEW DELHI PVT LTD	Director	01-06-2006	01-06-2006	-	Active	NO

Name :

Shri M.P. Mehrotra

Designation :

Directors

Name :

Shri Prem Kirti Sharan

Designation :

Directors

Address :

E – 8, Lajpat Nagar – III, New Delhi – 110024, India

Date of Birth/Age :

84 years

Qualification :

B.Com., M.A., LL.B

Date of Appointment :

27.09.2014

DIN No.:

00107048

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	L91990UP1990PLC011753	SOUTH ASIAN ENTERPRISES LIMITED	Director	27-09-2014	29-06-1993	-	Active	NO
2	U74899DL1994PLC062123	VLS SECURITIES LIMITED	Director	24-09-2014	19-06-2004	-	Active	NO

Name :

Shri Swatantra Vir Singh Juneja

Designation :

Directors

Address :

214, Sector 15 A, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

83 years

Qualification :

B.A. Economics, M. Sc. (Physics), CAIIB, M.P.A. (Harvard).

Date of Appointment :

27.09.2014

DIN No.:

00125271

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	L91990UP1990PLC011753	SOUTH ASIAN ENTERPRISES LIMITED	Director	27-09-2014	26-03-1993	-	Active	NO

Name :

Dr. Srinivasan Ramesh

Designation :

Directors

Address :

Kalika Estate, V – Dadgalya, Ranikhet, Almora – 263645, Uttarakhand, India

Date of Birth/Age :

78 years

Qualification :

M.A., M.P.A. (Harvard), Ph. d

Date of Appointment :

27.09.2014

DIN No.:

00126120

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	L91990UP1990PLC011753	SOUTH ASIAN ENTERPRISES LIMITED	Director	27-09-2014	23-03-1995	-	Active	NO
2	L65910DL1986PLC023129	V L S FINANCE LIMITED	Director	25-09-2014	30-06-2001	-	Active	NO
3	U40101UR2001SGC025866	UJVN LIMITED	Director	26-04-2002	26-04-2002	06-02-2013	Active	NO
4	U40109UR2001SGC025867	UTTARAKHAND POWER CORPORATION LIMITED	Director	30-06-2006	30-06-2006	11-03-2013	Active	NO

Name :

Shri Priya Brat

Designation :

Directors

Address :

E – 399, Greater Kailash, Part II, New Delhi – 110048, India

Date of Birth/Age :

79 years

Qualification :

M. Sc. (Physics), CAIIB, Diploma in International Finance

Date of Appointment :

27.09.2014

DIN No.:

00041859

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	L34102DL1982PLC129877	EICHER MOTORS LIMITED	Director	23-07-2001	23-07-2001	-	Active	NO
2	L34100DL1955PLC079688	EICHER LIMITED	Director	30-07-2001	30-07-2001	03-05-2007	Amalgamated	NO
3	L24219DL1985PLC020126	DHANUKA AGRITECH LIMITED	Director	17-09-2014	28-10-2002	-	Active	NO
4	L15249UP1933PLC000511	DHAMPUR SUGAR MILLS LIMITED	Director	26-09-2014	13-12-2002	-	Active	NO
5	U15141CT1987PTC003777	ITARSI OILS & FLOURS Private Limited	Director	12-09-2007	12-09-2007	05-07-2014	Active	NO
6	L91990UP1990PLC011753	SOUTH ASIAN ENTERPRISES LIMITED	Director	27-09-2014	23-01-2009	-	Active	NO
7	U74999DL2014PTC266860	TRINOVA INDIA PRIVATE LIMITED	Director	24-03-2014	24-03-2014	-	Active	NO

Name :

Shri Rajender Kumar Goswami

Designation :

Directors

Address :

E – 38, Greater Kailash Enclave – 2, New Delhi – 110048, India

Date of Appointment :

27.07.2005

DIN No.:

00106911

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	U74899DL1994PLC062123	VLS SECURITIES LIMITED	Director	24-09-2014	19-06-2004	-	Active	NO
2	L91990UP1990PLC011753	SOUTH ASIAN ENTERPRISES LIMITED	Director	27-09-2014	27-07-2005	-	Active	NO

Name :

Shri Gian Vijeshwar

Designation :

Directors

Name :

Shri Kishan Kumar Soni

Designation :

Directors

Address :

D – 64, S.F., Kalkaji, New Delhi – 110019, India

Date of Appointment :

30.01.2006

DIN No.:

00106037

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	U65990MH1990PLC055194	PARITOSH INDUSTRIAL FINANCE LIMITED	Director	14-02-1991	14-02-1991	31-01-2009	Amalgamated	NO
2	U24231MH1981PTC208301	AFD LABORATORIES PRIVATE LIMITED	Director	28-09-1993	28-09-1993	31-12-2008	Active	NO
3	U67190DL1985PLC022302	VLS CAPITAL LIMITED	Managing director	01-04-2011	31-03-2005	-	Active	NO
4	L65910DL1986PLC023129	V L S FINANCE LIMITED	Director	21-12-2013	25-05-2005	-	Active	NO
5	U74899DL1995PLC065812	VLS ASSET MANAGEMENT LIMITED	Director	04-10-2005	04-10-2005	-	Active	NO
6	U74899DL1994PLC062123	VLS SECURITIES LIMITED	Director	31-12-2005	31-12-2005	-	Active	NO
7	L91990UP1990PLC011753	SOUTH ASIAN ENTERPRISES LIMITED	Director	30-01-2006	30-01-2006	-	Active	NO
8	U51900DL2008PLC180495	OMSAI SPORTS LIMITED	Director	04-07-2008	04-07-2008	-	Active	NO

Name :

Shri Salik Chandra Agarwal

Designation :

Directors

Address :

B – 1028, Gaur Green Avenue, Abhay Khand – 2, Indirapuram, Shipra Sun City, Ghazibad – 201014, Uttar Pradesh, India

Date of Appointment :

30.01.2006

DIN No.:

00108493

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	U74899DL1995PLC065812	VLS ASSET MANAGEMENT LIMITED	Director	15-11-2001	15-11-2001	-	Active	NO
2	U67190DL1985PLC022302	VLS CAPITAL LIMITED	Director	24-03-2005	24-03-2005	-	Active	NO
3	L91990UP1990PLC011753	SOUTH ASIAN ENTERPRISES LIMITED	Director	30-01-2006	30-01-2006	-	Active	NO

Name :

Shri Anurag Bhatnagar

Designation :

Directors

Address :

B – 1/ 556, Janak Puri, New Delhi – 110058, India

Date of Appointment :

28.09.2013

DIN No.:

00115108

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	U67120UP1991PTC012963	VLS INVESTMENTS private limited	Director	03-06-2003	03-06-2003	-	Strike off	NO
2	U74899DL1995PLC065812	VLS ASSET MANAGEMENT LIMITED	Director	04-10-2005	04-10-2005	-	Active	NO
3	U51909DL2005PTC143641	ROCKBRIDGE ASSOCIATES INDIA PRIVATE LIMITED	Director	14-12-2005	14-12-2005	-	Active	NO
4	L91990UP1990PLC011753	SOUTH ASIAN ENTERPRISES LIMITED	Director	28-09-2013	27-05-2013	-	Active	NO

KEY EXECUTIVES

Name :	Shri Ramesh Chandra Pandey
Designation :	Company Secretary
Address :	Flat No. L – 5, House No. A – 146, Shalimar Garden Extends, 2, Sahibabad, Ghazibad – 201005, Uttar Pradesh, India
Date of Appointment :	14.02.2014
PAN No.:	AJRPP6072H
Name :	Shri Surya Pratap Singh
Designation :	Chief Finance Office
Address :	Village Panan Kuiyan, Po Mailani, Basti – 272195, Uttar Pradesh, India
Date of Appointment :	12.08.2014
PAN No.:	BMGPS6300E

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.12.2014

Category of shareholders	Total No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	56630	1.42
Bodies Corporate	2384289	59.61
Sub Total	2440919	61.02
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	2440919	61.02
(B) Public Shareholding
(1) Institutions
Financial Institutions / Banks	200	0.01
Sub Total	200	0.01
(2) Non-Institutions
Bodies Corporate	382944	9.57
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 Millions	986809	24.67
Individual shareholders holding nominal share capital in excess of Rs.0.100 Millions	186803	4.67
Any Others (Specify)	2325	0.06
Clearing Members	1825	0.05
NRIs/OCBs	500	0.01
Sub Total	1558881	38.97
Total Public shareholding (B)	1559081	38.98
Total (A)+(B)	4000000	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	4000000	0.00

BUSINESS DETAILS

Line of Business :	Trading in earthing and Lighting Protection System
Products :	Ground Enhancing Material
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :
Products :	Ground Enhancing Material
Countries :	Middle East
Imports :	Not Divulged
Terms :
Selling :	Cash
Purchasing :	Cash

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

60 (Approximately)

Bankers :

• Punjab National Bank
• Bank of Baroda
• Union Bank of India
• HDFC Bank Ltd.
• Syndicate Bank

Facilities :

Secured Loan	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
Short-term borrowings
Working Capital Loans from Banks	0.506	2.158
Total	0.506	2.158

Auditors :
Name :	M/s. Anil Pariek and Garg. Chartered Accountants
Address :	33, Anand Bazar, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India
Memberships :	Not Divulged
Collaborators :	Not Divulged
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4000000	Equity Shares	Rs.10/- each	Rs.40.000 Millions
	Calls – in – Arrears by others		Rs.9.500 Millions
	Total		Rs.39.991 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	39.991	39.991
(b) Reserves & Surplus	79.577	79.342
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	119.568	119.333
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.635	0.644
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.051	0.051
Total Non-current Liabilities (3)	0.686	0.695
(4) Current Liabilities
(a) Short term borrowings	0.506	2.158
(b) Trade payables	0.672	0.670
(c) Other current liabilities	1.599	1.728
(d) Short-term provisions	0.935	0.251
Total Current Liabilities (4)	3.712	4.807
TOTAL	123.966	124.835
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3.004	4.148
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	100.201	100.201
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.501	0.376
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	103.706	104.725
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	3.093	5.631
(c) Trade receivables	6.509	2.025
(d) Cash and cash equivalents	8.278	10.481
(e) Short-term loans and advances	1.267	0.727
(f) Other current assets	1.113	1.246
Total Current Assets	20.260	20.110
TOTAL	123.966	124.835

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013
	SALES
	Income	23.535	14.584
	Other Income	2.190	1.144
	TOTAL (A)	25.725	15.728
Less	EXPENSES
	Purchases of Stock-in-Trade	9.892	5.885
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	2.538	(0.327)
	Employees benefits expense	3.524	3.250
	Other expenses	8.040	6.590
	TOTAL (B)	23.994	15.398
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	1.731	0.330
Less	FINANCIAL EXPENSES (D)	0.246	0.115
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	1.485	0.215
Less/ Add	DEPRECIATION/ AMORTISATION (F)	0.558	1.033
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	0.927	(0.818)
Less	TAX (I)	0.692	0.014
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	0.235	(0.832)
	Earnings / (Loss) Per Share (Rs.)	0.06	(0.21)

Expected Sales (2014 - 2015) : Rs. 26.000 Millions

The above information has been parted by Mr. Gupta (Managing Director).

QUARTERLY RESULTS

Particulars (Rs. Cr)	Jun 2014	Sep 2014	Dec 2014
Audited / Unaudited	Unaudited	Unaudited	Unaudited
Net Sales	3.100	7.600	5.000
Total Expenditure	3.300	6.500	4.700
PBIDT (Excl OI)	0.100	1.100	0.300
Other Income	0.500	0.100	0.200
Operating Profit	0.300	1.300	0.500
Interest	0.000	0.000	0.000
Exceptional Items	0.000	0.000	0.000
PBDT	0.300	1.300	0.500
Depreciation	0.100	0.100	0.100
Profit Before Tax	0.200	1.200	0.300
Tax	0.100	0.400	0.100
Provisions and contingencies	0.000	0.000	0.000
Profit After Tax	0.200	0.800	0.200
Extraordinary Items	0.000	0.000	0.000
Prior Period Expenses	0.000	0.000	0.000
Other Adjustments	0.000	0.000	0.000
Net Profit	0.200	0.800	0.200

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	1.00	-5.70
Operating Profit Margin (PBIDT/Sales)	(%)	7.36	2.26
Return on Total Assets (PBT/Total Assets}	(%)	3.90	-3.32
Return on Investment (ROI) (PBT/Networth)		0.01	-0.01
Debt Equity Ratio (Total Debt /Networth)		0.00	0.02
Current Ratio (Current Asset/Current Liability)		5.46	4.18

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	39.991	39.991
Reserves & Surplus	79.342	79.577
Net worth	119.333	119.568
long-term borrowings	0.000	0.000
Short term borrowings	2.158	0.506
Total borrowings	2.158	0.506
Debt/Equity ratio	0.018	0.004

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Sales	14.584	23.535
	---	61.375

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Sales	14.584	23.535
Profit	(0.832)	0.235
	(5.70)%	1.00%

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 two years	Yes
12]	Profitability for last two years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
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

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER YEAR ENDED 30TH SEPTEMBER 2014

Particulars	Quarter ended		Half Year Ended
	30.09.2014 (Unaudited)	30.06.2014 (Unaudited)	30.09.2014 (Unaudited)
1) Income from operations
a)Gross Sales	0.000	0.000	0.000
b) Net sales/income from operations (Net of excise duty)	7.594	3.108	10.702
c) Other operating income	0.000	0.000	0.000
Total Income from operations (net)	7.594	3.108	10.702
2) Expenses
a) Cost of material consumed	0.000	0.000	0.000
b) Purchases of stock-in-trade	2.298	1.215	3.513
c) Changes in inventories of finished goods, work-in-progress and stock-in-trade	0.659	(0.423)	0.236
d) Employee benefits expense	0.925	0.829	1.754
e) Other Expenditure	2.293	1.327	3.620
f) Lease Rentals	0.293	0.292	0.585
Total expenses	6.553	3.323	9.876
3) Profit from operations before other income, finance costs and exceptional items (1-2)	1.041	(0.215)	0.826
4) Other income	0.144	0.476	0.620
5) Profit from ordinary activities before finance costs and exceptional items (3+4)	1.185	0.261	1.448
6) Finance costs	0.015	0.015	0.030
7) Cash Profit (5-6)	1.170	0.246	1.416
8) Depreciation and amortization expense	0.085	0.083	0.168
9) Profit / (Loss) from ordinary activities after finance costs but before exceptional items (7-8)	1.170	0.246	1.416
10) Exceptional items	0.372	0.089	0.461
11) Profit / (Loss) from ordinary activities before tax (9+/-10)	0.798	0.157	0.955
12) Tax expense	0.000	0.000	0.000
13) Net Profit from ordinary activities after tax (11+/-12)	0.798	0.157	0.955
14) Extraordinary items (net of tax expense)	0.000	0.000	0.000
15) Net Profit for the period (13+/-14)
16) Share of profit / (loss) of associates	0.000	0.000	0.000
17) Minority interest	0.000	0.000	0.000
18) Net Profit / (Loss) after taxes, minority interest and share of profit / (loss) of associates (15 + 16 + 17)
19) Paid up equity share capital(Face value Rs. 10/- each)	0.798	0.157	0.956
20) Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year	0.000	0.000	0.000
21.i. Earnings per share (before extraordinary items) (of Rs 5/- each) (not annualized):
Basic	0.020	0.004	0.024
Diluted	0.020	0.004	0.024
21.ii. Earnings per share (after extraordinary items) (of Rs 5- each) (not annualized):	0.000	0.000	0.000
Basic	0.000	0.000	0.000
Diluted	0.000	0.000	0.000
A PARTICULARS OF SHAREHOLDINGS
1. Public Shareholding
No. of shares	1559081	1559081	1559081
Percentage of shareholding	38.98	38.98	38.98
2. Promoter and Promoter group Shareholding
a. Pledged/Encumbered
-Number of Shares	0.000	0.000	0.000
Percentage of Shares(as a % of total shareholding of promoter group)	0.000	0.000	0.000
b Non-Encumbered
-Number of Shares	2440919	2440919	2440919
-Percentage of Shares(as a % of total shareholding of promoter group)	100%	100%	100%
-Percentage of Shares(as a % of the total Share Capital of Company	61.02%	61.02%	61.02%

Particulars	3 Months ended 30.09.2014
B. Investor Complaints
Pending at the beginning of the quarter	Nil
Received during the quarter	Nil
Disposed of during the quarter	Nil
Remaining unresolved at the end of the quarter	Nil

REPORTING OF SEGMENT – WISE REVENUE, RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE 41 OF THE LISTING AGREEMENT

Particulars	Quarter ended		Half Year Ended
	30.09.2014 (Unaudited)	30.06.2014 (Unaudited)	30.09.2014 (Unaudited)
1. Segment Revenue
Entertainment	1.261	1.403	2.664
Trading	63.330	1.705	8.038
Others	0.144	0.476	0.620
Total	7.738	3.584	11.322
Less : Inter Segment Revenue	0.000	0.000	0.000
Net Income from Operations	7.738	3.584	11.322
Segment Results Profit (+)/Loss(-) before tax and interest from each segment
Entertainment	0.539	(1.297)	(0.758)
Trading	0.502	1.082	1.584
Others	0.144	0.476	0.620
Total Segment Result	1.185	0.261	1.446
Less : i) Interest Expenses	0.015	0.015	0.030
ii) Other un-allocable expenditure net off	0.000	0.000	0.000
iii) Unallowable income	0.000	0.000	0.000
Total Profit / before Tax	1.170	0.246	1.416
Capital Employed (Segment Assets – Segment Liabilities)
Entertainment	11.892	11.941	11.892
Trading	9.026	8.200	9.026
Others	100.201	100.201	100.201
Total	121.119	120.342	121.119

UNAUDITED CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES FOR THE QUARTER YEAR ENDED 30TH SEPTEMBER 2014

SOURCES OF FUNDS	30.09.2014
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	39.991
(b) Reserves & Surplus	80.532
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	120.523
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.596
(c) Other long term liabilities	0.000
(d) long-term provisions	0.051
Total Non-current Liabilities (3)	0.648
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	0.116
(c) Other current liabilities	1.008
(d) Short-term provisions	1.435
Total Current Liabilities (4)	2.559
TOTAL	123.731
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2.839
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	100.201
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.626
(e) Other Non-current assets	0.000
Total Non-Current Assets	103.666
(2) Current assets
(a) Current investments	0.000
(b) Inventories	2.857
(c) Trade receivables	3.959
(d) Cash and cash equivalents	9.642
(e) Short-term loans and advances	2.278
(f) Other current assets	1.329
Total Current Assets	20.065
TOTAL	123.731

FINANCIAL REVIEW

The Company recorded a total income of Rs.25.725 Million during the year under review compared to previous year’s figure of Rs. 1572.800 Millions. The Company has earned a net profit of Rs. 23.500 Millions in the year under review. The Company incurred a net loss of Rs. 83.300 Millions in the previous year. The marketing of earthling products and execution of contracts for earthling and lightning protection systems continued to make a significant contribution to the total revenue of the Company keeping in view significant increase in revenue generation in this segment compared to previous year. The Company expects good progress in this segment during the year and in the coming years will witness better results.

The revenue from amusement parks showed a marginal decrease compared to previous year. The rising inflation and relatively low per capita income in the regions where amusement parks are located have significant bearing on revenue from this segment. Notwithstanding the odds, the Company is continuing its efforts to sustain and improve its performance in this area.

INDUSTRY STRUCTURE AND DEVELOPMENT

The Company intends to make the best out of opportunities available vis-à-vis the means at its disposal and the available options are being explored. In the electrical engineering segment i.e. earthling and lightning protection system, the Company has been able to develop inroads in Government agencies and has successfully executed contracts awarded to it albeit at small scale.

OUTLOOK, RISKS AND CONCERNS

Following the keyword “Something new” for survival in amusement industry, the Company took measures to renovate the park at Kanpur during the year under review. In the process apart from beautification of park as a whole, the outer side of boundary wall of the park has been decorated by mural painting in which school children from local school were encouraged to participate with support from Kanpur Nagar Mahapalika. To retain the attraction of amusement park and increase the footfalls, both disposable income per person and constant innovation whether by inducting new rides or promotional programs etc. are equally important. However, the increased cost of improvement/new rides, the maintenance expenditure and stiff competition from other sources of entertainment have put profit margins of this segment under pressure. Your Company already operates on thin margins and infusion of funds on improvement/ new rides is a constant challenge. The entry costs have to be kept low to keep the parks within the reach of masses that have further stressed the cash flows. The entertainment tax of 30% continues to be additional burden and a challenge for boosting revenue. The recurrent loss in this segment is being monitored closely to keep it to the minimum. The electrical engineering segment viz. earthling and lightning protection systems business has responded well as the Company has executed orders to the customers’ satisfaction including for some government departments. The power plants, electronics and other hi-tech centres where earthling is significantly important are target customers of Company apart from high rise buildings, hotels and residential units etc. The Company is exploring all possible areas in order to establish strong foothold in this arena. Additionally, some of the new areas where Company can have possibilities of revenue generation are being examined.

FIXED ASSETS

· Building

· Plant & Equipment

· Furniture & Fixture

· Office Equipment’s

· Computer

· Plant & Equipment

· Lease

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.61.79
UK Pound	1	Rs.95.42
Euro	1	Rs.69.29

INFORMATION DETAILS

Information Gathered by :	JML
Analysis Done by :	SUB
Report Prepared by :	RCH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	3
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		31

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.