MIRA INFORM REPORT

Report No. :	326891
Report Date :	16.06.2015

IDENTIFICATION DETAILS

Name :	HINDWARE HOME RETAIL PRIVATE LIMITED (w.e.f 28.11.2006)
Formerly Known As :	SAMRIDHI SUPPLIERS PRIVATE LIMITED
Registered Office :	2 Red Cross Place, Kolkata – 700001, West Bengal
Tel. No.:	91-33-22487406
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	24.11.2005
Com. Reg. No.:	21-106307
Capital Investment / Paid-up Capital :	Rs. 949.000 Million
CIN No.: [Company Identification No.]	U51109WB2005PTC106307
IEC NO :	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAKCS0434P
Legal Form :	Private Limited Liability Company
Line of Business :	Retailer of Home Furnishing.
No. of Employees :	50 (Approximately)

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 600000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a 100% subsidiary of HSIL Limited and is engaged in the business of retailing in home furniture under the brand name ‘Evok’ It is an established company having satisfactory track record. There seems accumulated loss recorded by the company. However, total revenue of the company has increased compare to precious year. The rating takes into consideration the unconditional and irrevocable guarantee provided by HSIL correct. Trade relations are reported to be decent. Business is active. Payments are reported to be usually correct. In view of established brand name, strong marketing and distribution network, 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, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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	CARE
Rating	Long Term bank Facilities A+ (SO)
Rating Explanation	Have adequate degree of safety and carry Moderate Credit Risk
Date	23.02.2015

Rating Agency Name	CARE
Rating	Short Term bank Facilities A1+ (SO)
Rating Explanation	Have Very strong degree of safety and carry lowest credit risk.
Date	23.02.2015

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’s LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Ravi
Designation :	Accounts Manager
Contact No.:	91-33-22487406
Date :	13.06.2015

LOCATIONS

Registered Office :	2 Red Cross Place, Kolkata – 700001, West Bengal, India
Tel. No.:	91-33-22487406/22487407
Fax No.:	91-33-22487045
E-Mail :	ngoenka@hindware.co.in
Website :	www.hindwarehomes.com
Corporate Office :	Unit No. 301-302, III Floor, Park Centra, Sector 30, N.H-8, Gurgaon - 122001, Haryana, India
Store:	Plot No. M 54, 1^st Floor, Greater Kailash – 2, New Delhi – 110048, India
Regional Offices:	Located at: Mumbai Bangalore Chennai Ernakilam Secunderabad Pune Ahmedabad Bhubaneswar Chandigarh Ghaziabad Guwahati Indore Jaipur Lucknow Ranchi

DIRECTORS

As on 26.09.2014

Name :

Mr. Sandip Somany

Designation :

Director

Address :

B 5/12, Safdarjung Enc, New Delhi – 110029, India

Date of Birth/Age :

16.12.1963

Date of Appointment :

28.09.2006

Voter ID No.:

DL/02/009/027291

DIN No.:

00053597

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	U74140WB1971PLC195583	NEW DELHI INDUSTRIAL PROMOTORS AND INVESTORS LTD	Director	24/09/1986	24/09/1986	-	Active	NO
2	L51433WB1960PLC024539	HSIL LIMITED	Managing director	01/12/2013	12/09/1995	-	Active	NO
3	U70101DL1997PTC085629	GRINDLAY PROPERTIES PRIVATE LIMITED	Director	01/04/1997	01/04/1997	-	Active	NO
4	U91990TG2000PLC033293	C & K MANAGEMENT LIMITED	Director	04/10/2000	04/10/2000	21/01/2014	Active	NO
5	U74899DL1951GAP001947	PHD CHAMBER OF COMMERCE AND INDUSTRY	Director	10/11/2000	10/11/2000	20/12/2013	Active	NO
6	U26914DL2002NPL115694	INDIAN COUNCIL OF SANITARYWARE MANUFACTURES	Director	17/06/2004	17/06/2004	-	Active	NO
7	U67120WB1997PLC085439	AGI GLASSPACK LIMITED	Director	24/07/2004	24/07/2004	-	Active	NO
8	U51909WB1981PLC033353	PACO EXPORTS LTD	Director	24/07/2004	24/07/2004	-	Active	NO
9	U51109WB2005PTC106307	HINDWARE HOME RETAIL PRIVATE LIMITED	Director	28/09/2006	28/09/2006	04/10/2013	Active	NO
10	U27107WB2008PLC129064	HSIL ASSOCIATES LIMITED	Director	04/09/2008	04/09/2008	-	Active	NO
11	U26100DL1970NPL005313	ALL INDIA GLASS MFRS'. FEDERATION.	Director	18/09/2010	18/09/2010	-	Active	NO
12	L21010GJ1960PLC018099	JK PAPER LIMITED	Director	27/09/2014	11/08/2014	-	Active	NO
13	U28113HR2015PTC054800	Somany Faucets and showers Private Limited	Director	05/03/2015	05/03/2015	-	Active	NO

Name :

Mr. Sumita Somay

Designation :

Whole-time Director

Address :

B 5/12, Safdarjung Enc, New Delhi – 110029, India

Date of Birth/Age :

25.09.1966

Date of Appointment :

01.10.2014

Voter Id No.:

DL/02/009/027150

DIN No.:

00133612

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	U45201DL1997PTC085561	FOUR CORNER PROPERTIES PRIVATE LIMITED	Director	01/04/1997	01/04/1997	-	Active	NO
2	U65993WB1971PLC195585	SOMA INVESTMENTS LTD	Director	24/05/1999	24/05/1999	-	Active	NO
3	U51909WB1981PLC033353	PACO EXPORTS LTD	Director	01/10/2008	24/07/2004	-	Active	NO
4	U51109WB2005PTC106307	HINDWARE HOME RETAIL PRIVATE LIMITED	Whole-time director	01/10/2014	07/05/2008	-	Active	NO
5	L51433WB1960PLC024539	HSIL LIMITED	Director	27/09/2014	29/05/2014	-	Active	NO

Name :

Mr. Girdhari Lal Sultania

Designation :

Director

Address :

2 Rowland Road, Kolkata – 700020, West Bengal, India

Date of Birth/Age :

16.10.1945

Date of Appointment :

28.09.2006

Voter Id No.:

DWK 1170166

DIN No.:

00060931

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	U51109WB1981PLC034233	SARVOTTAM VANIJYA LTD	Director	26/10/1981	26/10/1981	-	Active	NO
2	U65993WB1980PLC033007	BHILWARA HOLDINGS LTD	Director	10/01/1983	10/01/1983	-	Active	NO
3	L51109WB1983PLC036899	SCHABLONA INDIA LTD.	Director	08/07/1985	08/07/1985	09/01/2014	Active	NO
4	L74140WB1990PLC049032	SKP SECURITIES LTD.	Director	01/05/1991	01/05/1991	26/06/2014	Active	NO
5	U55101WB1979PLC032095	SR CONTINENTAL LIMITED	Director	31/03/1994	31/03/1994	-	Active	NO
6	L15421WB1924PLC004929	THE UNITED PROVINCES SUGAR COMPANY LIMITED	Director	26/09/2014	19/01/1995	-	Active	NO
7	U65921WB1995PTC073004	RAIPUR AGROTECH PVT LTD	Director	19/07/1995	19/07/1995	-	Active	NO
8	L40200DL1968PLC005169	SOMANY CERAMICS LIMITED	Director	04/09/2014	22/09/1997	-	Active	NO
9	L65993WB1980PLC032461	BIGOO INVESTMENTS LTD	Director	29/09/1997	29/09/1997	-	Amalgamated	NO
10	U51909WB1995PTC070143	TEXTOOL MERCANTILE PVT. LTD.	Director	25/09/1998	25/09/1998	-	Active	NO
11	U51909WB1981PLC033353	PACO EXPORTS LTD	Director	30/09/1999	30/09/1999	-	Active	NO
12	U70101WB1959PTC012630	SOMANY PROPERTIES PVT LTD	Director	15/09/2001	15/09/2001	10/11/2009	Active	NO
13	L51433WB1960PLC024539	HSIL LIMITED	Director	09/09/2006	09/09/2006	-	Active	NO
14	U51109WB2005PTC106306	ADARSH BARTER PVT LTD	Director	28/09/2006	28/09/2006	-	Active	NO
15	U51109WB2005PTC106307	HINDWARE HOME RETAIL PRIVATE LIMITED	Director	28/09/2006	28/09/2006	21/11/2013	Active	NO
16	U51909WB2004PTC100718	SCOPE VINIMOY PRIVATE LIMITED	Director	29/09/2007	03/11/2006	-	Active	NO
17	U51909DL2006PLC156990	SOMANY GLOBAL LIMITED	Director	26/12/2006	26/12/2006	-	Active	NO
18	L65910DL1984PLC018749	SPA CAPITAL SERVICES LIMITED	Director	29/09/2007	31/01/2007	15/03/2012	Active	NO
19	U27107WB2008PLC129064	HSIL ASSOCIATES LIMITED	Director	04/09/2008	04/09/2008	09/11/2009	Active	NO
20	U65999WB1994PLC064358	KIRTIVARDHAN FINVEST SERVICES LIMITED	Director	16/07/2009	07/03/2009	20/07/2012	Active	NO
21	U70109WB2009PTC139696	LAKSHYA INFRASTRUCTURES PRIVATE LIMITED	Director	25/11/2009	25/11/2009	-	Active	NO
22	U80301MH2009PLC190813	NEW AGE KNOWLEDGE SOLUTIONS LIMITED	Director	30/09/2011	22/09/2010	15/03/2012	Active	NO
23	U45400WB2011PTC158817	ANAND APARTMENT MAINTENANCE PRIVATE LIMITED	Director	11/02/2011	11/02/2011	-	Active	NO
24	U25204WB1986PTC184599	GARDEN POLYMERS PRIVATE LIMITED	Director	29/09/2011	12/08/2011	-	Amalgamated	NO

Name :

Mr. Ram Babu Kabra

Designation :

Director

Address :

HSIL Limited, Bahadurgarh, Rohtak – 124507, Haryana, India

Date of Birth/Age :

09.07.1958

Date of Appointment :

18.09.2010

Voter Id No.:

HR/04/137/288538

DIN No.:

00021886

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	U26922DL1972PLC005937	CERAMIC SERVICES LIMITED	Director	27/07/1985	27/07/1985	-	Active	NO
2	U65993WB1971PLC195585	SOMA INVESTMENTS LTD	Director	27/06/1995	27/06/1995	-	Active	NO
3	U06110DL1996PTC076009	SAGA FINLEASE PRIVATE LIMITED	Director	02/02/1996	02/02/1996	-	Active	NO
4	U51420WB1992PTC055131	O-FURO PRIVATE LIMITED	Director	30/03/2002	30/03/2002	-	Strike off	NO
5	U26102WB1974PLC029712	AMAL CERAMICS LIMITED.	Director	30/09/2003	30/09/2003	-	Amalgamated	NO
6	U51109WB2005PTC106307	HINDWARE HOME RETAIL PRIVATE LIMITED	Director	18/09/2010	10/05/2010	-	Active	NO
7	U52390WB2009PTC138531	METALLITE SUPPLIERS PRIVATE LIMITED	Director	30/09/2011	09/02/2011	-	Active	NO
8	U25204WB1986PTC184599	GARDEN POLYMERS PRIVATE LIMITED	Director	29/09/2011	12/08/2011	-	Amalgamated	NO
9	U26914DL2002NPL115694	INDIAN COUNCIL OF SANITARYWARE MANUFACTURES	Director	21/08/2012	19/07/2012	-	Active	NO
10	U93000DL2012NPL238679	Indian Plumbing Skills Council	Director	18/12/2013	25/09/2012	-	Active	NO

Name :

Mr. Niranjan Kumar Goenka

Designation :

Director

Address :

38A Kashi Mitra Ghat, Street, Kolkata – 700003, West Bengal, India

Date of Birth/Age :

05.02.1965

Date of Appointment :

28.09.2006

Voter Id No.:

YUP2116457

DIN No.:

00060864

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	U65993WB1980PLC033007	BHILWARA HOLDINGS LTD	Director	16/02/1985	16/02/1985	-	Active	NO
2	U51109WB1983PTC036323	CD RESEARCH PRIVATE LIMITED	Director	02/07/1987	02/07/1987	08/01/2010	Active	NO
3	U51420WB1992PTC055131	O-FURO PRIVATE LIMITED	Director	06/04/1992	06/04/1992	-	Strike off	NO
4	U51109WB1981PLC034233	SARVOTTAM VANIJYA LTD	Director	22/03/1993	22/03/1993	-	Active	NO
5	U51909WB1981PLC033353	PACO EXPORTS LTD	Director	14/05/1994	14/05/1994	-	Active	NO
6	U51909WB1995PTC070143	TEXTOOL MERCANTILE PVT. LTD.	Director	25/09/1998	25/09/1998	-	Active	NO
7	L65993WB1980PLC032461	BIGOO INVESTMENTS LTD	Director	28/09/2000	28/09/2000	-	Amalgamated	NO
8	U26102WB1974PLC029712	AMAL CERAMICS LIMITED.	Director	11/09/2001	11/09/2001	-	Amalgamated	NO
9	U70101WB1959PTC012630	SOMANY PROPERTIES PVT LTD	Director	15/09/2001	15/09/2001	16/12/2009	Active	NO
10	U67120WB1997PLC085439	AGI GLASSPACK LIMITED	Director	15/07/2002	15/07/2002	-	Active	NO
11	U65921WB1995PTC073004	RAIPUR AGROTECH PVT LTD	Director	30/09/2003	30/09/2003	-	Active	NO
12	U51109WB2005PTC106307	HINDWARE HOME RETAIL PRIVATE LIMITED	Director	28/09/2006	28/09/2006	-	Active	NO
13	U51109WB2005PTC106306	ADARSH BARTER PVT LTD	Director	28/09/2006	28/09/2006	31/03/2014	Active	NO
14	U51909WB2004PTC100718	SCOPE VINIMOY PRIVATE LIMITED	Director	29/09/2007	03/11/2006	-	Active	NO
15	U51109WB2007PTC116096	GEETANJALI COMMOTRADE PRIVATE LIMITED	Director	26/09/2008	19/06/2007	07/09/2011	Active	NO
16	U93094DL2007PTC159142	SOMANY KERABEN PRIVATE LIMITED	Director	21/06/2007	21/06/2007	19/06/2009	Active	NO
17	L51109WB1983PLC036899	SCHABLONA INDIA LTD.	Director	16/09/2014	28/01/2008	-	Active	NO
18	U27107WB2008PLC129064	HSIL ASSOCIATES LIMITED	Director	04/09/2008	04/09/2008	-	Active	NO
19	U63040WB2004PTC099281	MANGO TREE TOURS & EXHIBITIONS PRIVATE LIMITED	Director	29/09/2010	09/02/2010	-	Active	NO
20	U72200WB2007PTC112447	STEPPING STONES INFOCOM PRIVATE LIMITED	Director	30/09/2010	24/02/2010	-	Active	NO
21	U52390WB2009PTC138531	METALLITE SUPPLIERS PRIVATE LIMITED	Director	30/09/2011	09/02/2011	-	Active	NO
22	U51109WB2008PTC125819	BLACKBERRY DISTRIBUTORS PRIVATE LIMITED	Director	30/09/2011	30/06/2011	-	Active	NO
23	U70102WB2012PLC189240	JUGMUG PROJECTS LIMITED	Director	30/09/2013	28/01/2013	-	Active	NO
24	U51909WB1990PTC049949	LNR EXPORTS PVT LTD	Additional director	08/05/2013	08/05/2013	-	Active	NO
25	U51909WB1990PTC050116	LNR INVESTMENTS AND TRADES P LTD	Additional director	08/05/2013	08/05/2013	-	Active	NO
26	U74140WB1987PTC042770	T K GHOSH INVESTMENT PVT LTD	Additional director	08/05/2013	08/05/2013	31/03/2014	Active	NO
27	U52110WB1996PTC082263	PIONEER RESINS & AROMATICS PRIVATE LTD	Additional director	08/05/2013	08/05/2013	31/03/2014	Active	NO

KEY EXECUTIVES

Name :	Mr. Ravi
Designation :	Account Manager
Name :	Mr. Vijay Kumar Ajmera
Designation :	Chief Financial Officer
Address :	Flat No. 201, Tower No 8, Ansal Sushant Estate, Sector-52, Gurgaon – 122002, Haryana, India
Date of Birth/Age :	26.01.1955
Voter Id No.:	AAPPA4476M
Date of Appointment :	01.04.2014
Name :	Ms. Deepika Chowdhury
Designation :	Secretary
Address :	3019, Mohalla Dassan Charkhewalan, Delhi – 110006, India
Date of Birth/Age :	19.11.1988
Date of Appointment :	01.10.2012
PAN No.:	ATAPC4043Q

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 26.09.2014

Names of Shareholders	No. of Shares
Sultania Lal Girdhari	1
HSIL Limited, India	31999997
Niranjan Kumar Goenka	1
Radhey Ahyam Sharma	1
Total	32000000

Names of Shareholders (Preference Shareholders)	No. of Shares
HSIL Limited, India	6290000
Total	6290000

Equity Share Break up (Percentage of Total Equity)

As on 26.09.2015

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Retailer of Home Furnishing.
Products :	Not Available
Brand Names :	‘EVOK’
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash, Cheque and Credit (90 Days)
Purchasing :	Cash, Cheque and Credit (90 Days)

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 :

50 (Approximately)

Bankers :

• Standard Chartered bank – Barakhamba Road, New Delhi – 110001, India
• Central Bank of India - Parliament Street Branch, Jeevan Tara Building, Parliament Street, New Delhi- 110001, India

Bank Name	Citi Bank N.A
Branch	Jeevan Vihar, 3 Sansad Marg, New Delhi – 110001, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Term Loan From Bank:
Borrowing	51.019	82.927
Short-term borrowings
Working capital loans from bank
Borrowing	226.943	165.160
Total	277.962	248.087

Auditors :
Name :	Walker Chandiok and Company Chartered Accountants
Address :	L 41 Connaught Circus New Delhi – 110001, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFW4298E
Memberships :	Not Available
Collaborators :	Not Available
Holding Company :	HSIL Limited, India

CAPITAL STRUCTURE

As on 26.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
50000000	Equity Shares	Rs.10/- each	Rs. 500.000 Million
7500000	Preference Shares	Rs.100/- each	Rs. 750.000 Million
	Total		Rs. 1250.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
32000000	Equity Shares	Rs.10/- each	Rs. 320.000 Million
6290000	Preference Shares	Rs.100/- each	Rs. 629.000 Million
	Total		Rs. 949.000 Million

As on: 31.03.2014

Authorised Capital:

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs.10/- each	Rs. 250.000 Million
7500000	Preference Shares	Rs.100/- each	Rs. 750.000 Million
	Total		Rs. 1000.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
22000000	Equity Shares	Rs.10/- each	Rs. 220.000 Million
6290000	Preference Shares	Rs.100/- each	Rs. 629.000 Million
	Total		Rs. 849.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	849.000	649.000	420.000
(b) Reserves & Surplus	(637.869)	(435.435)	(248.480)
(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)	211.131	213.565	171.520
(3) Non-Current Liabilities
(a) long-term borrowings	51.019	82.927	78.996
(b) Deferred tax liabilities (Net)	0.000	0.765	3.486
(c) Other long term liabilities	4.444	4.084	3.774
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	55.463	87.776	86.256
(4) Current Liabilities
(a) Short term borrowings	226.944	165.161	134.777
(b) Trade payables	91.712	90.702	68.432
(c) Other current liabilities	187.671	165.322	136.995
(d) Short-term provisions	0.173	0.433	0.108
Total Current Liabilities (4)	506.500	421.618	340.312
TOTAL	773.094	722.959	598.088
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	275.559	275.919	270.758
(ii) Intangible Assets	5.475	4.483	6.764
(iii) Capital work-in-progress	1.591	5.835	1.121
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	49.306	43.682	36.348
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	2.626	2.095	6.927
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	334.557	332.014	321.918
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	350.476	327.597	219.430
(c) Trade receivables	46.394	17.251	9.317
(d) Cash and cash equivalents	16.051	23.158	13.107
(e) Short-term loans and advances	25.616	22.939	34.316
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	438.537	390.945	276.170
TOTAL	773.094	722.959	598.088

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		TOTAL REVENUE	936.468	864.049
Less	EXPENSES
		TOTAL	1057.595	988.836
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(121.127)	(124.787)
Less	FINANCIAL EXPENSES		38.406	35.455
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		(159.533)	(160.242)	NA
Less	DEPRECIATION/ AMORTISATION		42.900	26.713
	PROFIT/(LOSS) BEFORE TAX		(202.433)	(186.955)
Less	TAX		0.000	0.000
	PROFIT/(LOSS) AFTER TAX		(202.433)	(186.955)	170.296
	FOREIGN EXCHANGE OUTGO		85.296	101.899	66.554
	Earnings / (Loss) Per Share (Rs.)		(2.13)	(1.97)	(1.79)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	51.647	54.525	17.600
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(21.62)	(21.64)	NA
Operating Profit Margin (PBIDT/Sales)	(%)	(12.93)	(14.44)	NA
Return on Total Assets (PBT/Total Assets}	(%)	(28.03)	(27.76)	NA
Return on Investment (ROI) (PBT/Networth)		(0.96)	(0.88)	NA
Debt Equity Ratio (Total Debt /Networth)		1.56	1.42	1.35
Current Ratio (Current Asset/Current Liability)		0.87	0.93	0.81

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	420.000	649.000	849.000
Reserves & Surplus	(248.480)	(435.435)	(637.869)
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	171.520	213.565	211.131
long-term borrowings	78.996	82.927	51.019
Short term borrowings	134.777	165.161	226.944
Current Maturities Of Long-Term Debts	17.600	54.525	51.647
Total borrowings	231.373	302.613	329.610
Debt/Equity ratio	1.349	1.417	1.561

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	864.049	936.468
	------	8.381

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	864.049	936.468
Profit/Loss	(186.955)	(202.433)
	(21.64)%	(21.62)%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	Yes
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last two years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

OPERATIONS:

The Company is a wholly owned subsidiary of HSIL Limited established to diversify the group into the total Home Solutions Enterprise with its foray into the high potential Home Interiors sector in India under the brand name EVOK.

The core vision of the Company is to be the first choice partner of customers aspiring for value for style Home Interior solutions and operates in the Retail as well as Institutional segments.

During financial year 2013-14, the company redefined its merchandising and marketing strategy in line with changing consumer preferences.

EVOK has uniquely positioned itself to offer solid wood furniture which is acceptable to modern young customers as it blends the strength and durability of solid wood with trendy and modern designs.

The Company is completely focused on significant revenue escalation through its existing and upcoming/proposed retail stores and the projects division next year, as well as control operating costs with effective budgeting and control systems. The Company expects to deliver significant long term value to the Group operations. The company also intends to further expand its retail footwork through Franchisee in Tier 2 locations.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10519817	17/03/2015 *	140,000,000.00	Indusind Bank Ltd.	Dr. Gopal Das Bhawan, 28, Barakhamba Road, New De  lhi, Delhi - 110001, INDIA	C47349568
2	10471875	10/12/2013	100,000,000.00	Standard Chartered Bank	Credit Documentation Unit, Narain Manzil, 23 Bara  Khamba Road, New Delhi, Delhi - 110001, India	B94124542
3	10333872	10/01/2012	150,000,000.00	Central Bank Of India	Parliament Street Branch, Jeevan Tara Building, P  Arliament Street, New Delhi, Delhi - 110001, India	B31401003
4	10186890	19/06/2014 *	88,000,000.00	Central Bank of India	Parliament Street Branch, Jeevan Tara Building, P  arliament Street, New Delhi, Delhi - 110001, India	C11006939
5	10187534	19/06/2014 *	355,000,000.00	Central Bank Of India	Parliament Street Branch,Jeevan Tara Building, Pa  rliament Street, New Delhi, Delhi - 110001, INDIA	C11002847

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2014	31.03.2013
Estimate of Financial Effect of Contingent Liabilities	7.777	7.777
Total	7.777	7.777

FIXED ASSETS

• Furniture and Fixture
• Plant and Machinery
• Office Equipment

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.64.08
UK Pound	1	Rs.99.57
Euro	1	Rs.71.84

INFORMATION DETAILS

Information Gathered by :	MAN
Analysis Done by :	RSH
Report Prepared by :	PJA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	3
--CREDIT LINES	1~10	6
--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.