MIRA INFORM REPORT

Report No. :	303957
Report Date :	22.01.2015

IDENTIFICATION DETAILS

Name :	FUNKY MONKEYS PLAY CENTERS PRIVATE LIMITED
Registered Office :	Office # 2C, Beneflce Business House, Mathuradas Mills Compound, Lower Parel, Mumbai – 400013, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	09.03.2012
Com. Reg. No.:	11-227886
Capital Investment / Paid-up Capital :	Rs. 10.322 Millions
CIN No.: [Company Identification No.]	U80904MH2012PTC227886
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	To carry on business of developing, designing, establishing, operating and running indoor play grounds / educational activity centers, exclusively for infants and children.
No. of Employees :	Not Available [We tried to confirm the number of employees but no one is ready to part any information from the company management]

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 33000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The rating is constrained on account of company low reserves level and modest turnover of the company However, trade relations are reported as fair. Business is active. Payments terms are reported to be slow but correct. 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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

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.

LOCATIONS

Registered Office :	Office # 2C, Beneflce Business House, Mathuradas Mills Compound, Lower Parel, Mumbai – 400013, Maharashtra, India
Tel. No.:	91-22-33789557 / 58 / 59 / 60 / 61
Fax No.:	Not Available
E-Mail :	info@funkymonkeys.com roc@pcghadiali.com
Website :	http://www.funkymonkey.in
Andheri Office :	Sharyans Audeus, 2^nd Floor, Fun Republic Lane, Opposite Yashraj Studios, Off. Veera Desai Road, Andheri (West), Mumbai – 400053, Maharashtra, India
Tel. No.:	91-22-26735115 / 16/ 17 / 18

DIRECTORS

AS ON 29.09.2014

Name :

Mr. Sanjay Pankaj Ghadiali

Designation :

Director

Address :

61/63, Vijay Apartment, 16, Carmichel Road, Mumbai - 400026, Maharashtra, India

Date of Birth/Age :

31.12.1981

Date of Appointment :

28.03.2012

DIN No.:

01841273

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	U74900MH2009PTC192055	NewTurn Consulting Private Limited	Director	27/04/2009	27/04/2009	15/05/2009	Active	NO
2	U74900MH2010PTC211628	SureTax Advisors Private Limited	Director	30/12/2010	30/12/2010	29/12/2014	Active	NO
3	U45203MH2008PTC184385	NITA INFRASTRUCTURE PRIVATE LIMITED	Director	15/04/2011	15/04/2011	-	Active	NO
4	U80904MH2012PTC227886	FUNKY MONKEYS PLAY CENTERS PRIVATE LIMITED	Director	28/03/2012	28/03/2012	-	Active	NO
5	U74120MH2012PTC232173	Wellington Advisory Private Limited	Director	14/06/2012	14/06/2012	-	Active	NO
6	U74120MH2011PTC216758	Castle Hill Entertainment Private Limited	Additional director	31/07/2013	31/07/2013	-	Active	NO

Name :

Mrs. Binita Bipin Bodani

Designation :

Director

Address :

B-1, Alaknanda Apartment, Nepeansea Road, Opposite Katgara House, Malbar Hill, Mumbai - 400026, Maharashtra

Date of Birth/Age :

12.08.1974

Date of Appointment :

09.03.2012

DIN No.:

02029284

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	U74140MH1998PTC116957	ACTIMEDIA PRIVATE LIMITED	Director	26/10/1998	26/10/1998	02/09/2014	Active	NO
2	U72200MH2000PTC126057	EJOURNO COM (INDIA) PRIVATE LIMITED	Director	20/04/2000	20/04/2000	02/09/2014	Active	NO
3	U80904MH2012PTC227886	FUNKY MONKEYS PLAY CENTERS PRIVATE LIMITED	Managing director	04/05/2012	09/03/2012	-	Active	NO

Name :

Mr. Sachin Chittaranjan Shah

Designation :

Director

Address :

4401, 4402, Aqua Co-operative Housing Society Limited, Tower-2, Planet Godrej, Keshavrao Khadye Marg, Mahalaxmi- (East), Mumbai – 400011, Maharashtra, India

Date of Birth/Age :

13.12.1975

Date of Appointment :

09.03.2012

DIN No.:

00387166

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	U74140MH2006PTC162693	Samsara Fund Advisors Private Limited	Additional director	20/06/2006	20/06/2006	09/01/2007	Active	NO
2	U45200MH1998PTC117468	LOKHANDWALA KATARIA CONSTRUCTION PRIVATE LIMITED	Director	11/10/2006	11/10/2006	24/09/2007	Active	NO
3	U93090MH2006PTC165991	EMNET Samsara Media Private Limited	Additional director	01/12/2014	05/12/2006	-	Active	NO
4	U85110KA1997PTC022128	IDEB PROJECTS PRIVATE LIMITED	Director	12/04/2007	12/04/2007	25/06/2009	Active	NO
5	U45400MH2009PTC192379	URBAN RESIDENCES PRIVATE LIMITED	Director	14/05/2009	14/05/2009	16/06/2009	Active	NO
6	U55101KA2006PTC040311	CONVENTION HOTELS INDIA PRIVATE LIMITED	Director	22/08/2009	25/07/2009	05/09/2014	Active	NO
7	U45203KA2007PTC051196	CONGLOME TECHNOCONSTRUCTIONS PRIVATE LIMITED	Director	30/09/2010	30/06/2010	26/07/2013	Active	NO
8	U55101DD2007PTC004658	DAMAN HOSPITALITY PRIVATE LIMITED	Nominee director	29/08/2013	28/09/2011	-	Active	NO
9	U80904MH2012PTC227886	FUNKY MONKEYS PLAY CENTERS PRIVATE LIMITED	Director	09/03/2012	09/03/2012	-	Active	NO
10	U45400AP2007PTC054749	ARIHANT INDO AFRICAN INFRA DEVELOPERS AND BUILDERS PRIVATE LIMITED	Nominee director	24/08/2012	24/08/2012	26/06/2013	Active	NO
11	U93000MH2012PTC235441	Kool Solutions India Private Limited	Director	08/09/2012	08/09/2012	-	Active	NO
12	U65920MH1993PTC075437	Samsara Finance Private Limited	Director	26/09/2014	18/09/2013	-	Active	NO
13	AAC-1187	SAMSARA VENTURES LLP	Designated Partner	25/02/2014	25/02/2014	-	Active	NO

MAJOR SHAREHOLDERS

As on 29.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Gayatri Rangachari Shah	298786	28.95
Sanjay Pankaj Ghadiali	229068	22.19
Binita Bipin Bodani	468097	45.35
Murray Jonathan Martin Petit	36202	3.51
Total	1032153	100.00

As on: 19.03.2014

Names of Allottees	No. of Shares
Green Malabar Finance Ventures Limited	36429
Madame Julie De Clermont Tonnerre	36429
Shraddha Ghadiali	36429
Total	109287

As on 29.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	3.51
Directors or relatives of Directors	96.49
Total	100.00

BUSINESS DETAILS

Line of Business :	To carry on business of developing, designing, establishing, operating and running indoor play grounds / educational activity centers, exclusively for infants and children.
Products :	Not Divulged
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Not Available
Purchasing :	Not Available

PRODUCTION STATUS: Not Available

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available [We tried to confirm the number of employees but no one is ready to part any information from the company management]

Bankers :

Banker Name	Not Available
Branch Address	Not Available
Person Name (With Designation)	Not Available
Contact Number	Not Available
Name of Account Holder	Not Available
Account Number	Not Available
Account Since (Date/Year of Account Opening)	Not Available
Average Balance Maintained (If Possible)	Not Available
Credit Facilities Enjoyed (If any)	Not Available
Account Operation	Not Available
Remarks (If any)

Auditors :
Name :	Ganesh and Rajendra Associates Chartered Accountants
Address :	103, Madhu Industrial Park, Mogra Village, Avadh Narayan Tiwari Marg, Andheri (East), Mumbai – 400069, Maharashtra, India
PAN No.:	AAAFG3021H
Memberships :	Not Available
Collaborators :	Not Available
Company in which KMP /Relatives of KMP can exercise significant influence :	OMR Realty Private Limited

CAPITAL STRUCTURE

As on 29.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1250000	Equity Shares	Rs.10/- each	Rs.12.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1032153	Equity Shares	Rs.10/- each	Rs. 10.322 Millions

After 29.09.2014

Authorised Capital : 12.500 Millions

Issued, Subscribed & Paid-up Capital : 11.414 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	10.322	5.598
(b) Reserves & Surplus	1.456	0.976
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.006	1.452
Total Shareholders’ Funds (1) + (2)	11.784	8.026
(3) Non-Current Liabilities
(a) long-term borrowings	7.073	5.748
(b) Deferred tax liabilities (Net)	0.271	0.192
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	7.344	5.940
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	3.466	0.154
(c) Other current liabilities	3.476	0.695
(d) Short-term provisions	0.000	0.000
Total Current Liabilities (4)	6.942	0.849
TOTAL	26.070	14.815
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	17.863	10.636
(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	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	5.042	1.835
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	22.905	12.471
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.331	0.000
(c) Trade receivables	0.091	0.026
(d) Cash and cash equivalents	1.635	1.963
(e) Short-term loans and advances	1.108	0.355
(f) Other current assets	0.000	0.000
Total Current Assets	3.165	2.344
TOTAL	26.070	14.815

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013
	SALES
	Income	29.752	12.166
	Other Income	0.152	0.001
	TOTAL (A)	29.904	12.167
Less	EXPENSES
	Purchases	5.590	2.011
	Changes in inventories	(0.170)	0.000
	Employees benefits expense	7.807	2.151
	Other expenses	13.107	5.109
	TOTAL (B)	26.334	9.271
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	3.570	2.896
Less	FINANCIAL EXPENSES (D)	0.557	0.435
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	3.013	2.461
Less/ Add	DEPRECIATION/ AMORTISATION (F)	1.856	1.003
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	1.157	1.458
Less	TAX (H)	0.358	0.483
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	0.799	0.975
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD (J)	0.976	0.000
Less	Utilised for Bonus Issue (K)	0.319	0.00
	Balance Carried to the B/S (I+J-K)	1.456	0.975
	Earnings / (Loss) Per Share (Rs.)	0.77	0.94

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013
Net Profit Margin PAT / Sales	(%)	2.69	8.01
Operating Profit Margin (PBDIT/Sales)	(%)	12.00	23.80
Return on Total Assets (PBT/Total Assets}	(%)	4.44	9.84
Return on Investment (ROI) (PBT/Networth)		0.10	0.18
Debt Equity Ratio (Total Debt /Networth)		0.60	0.72
Current Ratio (Current Asset/Current Liability)		0.46	2.76

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	5.598	10.322
Reserves & Surplus	0.976	1.456
Share Application money pending allotment	1.452	0.006
Net worth	8.026	11.784
long-term borrowings	5.748	7.073
Short term borrowings	0.000	0.000
Total borrowings	5.748	7.073
Debt/Equity ratio	0.716	0.600

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Sales	12.166	29.752
		144.550

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Sales	12.166	29.752
Profit	0.975	0.799
	8.01%	2.69%

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	No
10]	Designation of contact person	No
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	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	No
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	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

Note:

The Registered office of the company has been shifted 301, Kshamalaya, New Marine Lines, Mumbai – 400020, Maharashtra, India to the present address w.e.f. 12.10.2012

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
LONG TERM BORROWINGS
Loans and Advances from Related Parties	4.574	5.748
14% Unsecured Compulsorily Convertible	2.499	0.000
Total	7.073	5.748

VIEW 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 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. 61.61
UK Pound	1	Rs. 93.49
Euro	1	Rs. 71.38

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	TRU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
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	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		28

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.