MIRA INFORM REPORT

Report No. :	321612
Report Date :	08.05.2015

IDENTIFICATION DETAILS

Name :	SAMSUNG INDIA ELECTRONICS PRIVATE LIMITED (w.e.f. 25.07.2005)
Formerly Known As :	SAMSUNG INDIA ELECTRONICS LIMITED
Registered Office :	A-25, Ground Floor, Front Tower, Mohan Co-operative Industrial Estate, New Delhi – 110 044
Tel No. :	91- 124- 4881234
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	03.08.1995
Com. Reg. No.:	55-071387
Capital Investment / Paid-up Capital :	Rs.2167.875 Million
CIN No.: [Company Identification No.]	U31900DL1995PTC071387
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELS19222A
PAN No.: [Permanent Account No.]	AAACS5123K
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in manufacturing and trading of Audio Visual Products, Home Appliances, Information Technology Products and Hand Held Phones and development and export of software.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Aa (73)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 15923000
Status :	Excellent
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is well established and reputed company having excellent track record. The company has shown a significant growth in the turnover and profitability during current year. No borrowings have been recorded. Financial position of the company seems to be sound and healthy. Trade relations are fair. Business is active. Payment terms are reported to be regular and as per commitments. The company can be considered good for normal 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 – 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.

INFORMATION DECLINED

Management non co-operative (91-124-4881234)

LOCATIONS

Registered Office :	A-25, Ground Floor, Front Tower, Mohan Co-operative Industrial Estate, New Delhi – 110 044, India
Tel. No.:	91-124-4881234
Mobile No.:	91-9962080541 (Mr. Arun)
Fax. No.:	91-124-4881415/ 4882122/ 4882021
E-Mail :	samar.bhatia@samsung.com sachin.b@samsung.com vidyasagar@samsung.com
Website :	http://www.samsung.com
Manufacturing Unit 1 :	Plot No.1, P-1, SIPCOT Industrial Park, Phase II, Sunguvarchatram, Kancheepuram District, Tamilnadu, India
Manufacturing Unit 2 :	B-1, Sector-81, Phase-2, Noida – 201 305, Uttar Pradesh, India

DIRECTORS

AS ON 18.08.2014

Name :

Ookki Kim

Designation :

Whole-time Director

Address :

Yonb Bin Kwan Hotels, No.171, Sri Ram Nagar, Namili Road, Sriperumbudur, Kansheepuram Taluk, Kancheepuram – 602 105, Tamilnadu, India

Date of Birth/Age :

03.10.1961

Date of Appointment :

01.08.2013

DIN No.:

05341135

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	U31900DL1995PTC071387	SAMSUNG INDIA ELECTRONICS PRIVATE LIMITED	Whole-time director	01/08/2013	12/10/2012	-	Active	NO

Name :

Myung Wouk Kim

Designation :

Whole-time Director

Address :

H. No.36, First Floor, Poorvi Marg, Vasant Vihar, New Delhi – 110 057, India

Date of Birth/Age :

21.01.1961

Date of Appointment :

01.08.2013

DIN No.:

06484332

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	U31900DL1995PTC071387	SAMSUNG INDIA ELECTRONICS PRIVATE LIMITED	Whole-time director	01/08/2013	15/04/2013	-	Active	NO

Name :

Ken Kang

Designation :

Director

Address :

MG 607A, 7^th Floor, Tower - 6, DLF Golf Links, DLF City, Gurgaon – 122 002, Haryana, India

Date of Birth/Age :

02.08.1963

Date of Appointment :

18.08.2014

DIN No.:

06564398

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	U31900DL1995PTC071387	SAMSUNG INDIA ELECTRONICS PRIVATE LIMITED	Director	18/08/2014	28/08/2013	-	Active	NO

Name :

Yang Seog Seo

Designation :

Director

Address :

604-1502, Mokryon Apartments, Anyang, NA, Korea

Date of Birth/Age :

25.10.1966

Date of Appointment :

18.08.2014

DIN No.:

06795692

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	U31900DL1995PTC071387	SAMSUNG INDIA ELECTRONICS PRIVATE LIMITED	Director	18/08/2014	30/01/2014	-	Active	NO

Name :

Mr. Rajinder Sharma

Designation :

Additional Director

Address :

1205-B, Beverly Park II, DLF City, Gurgaon – 122 102, Haryana, India

Date of Appointment :

30.09.2014

DIN No.:

00252490

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	U32201DL2006PTC154825	ACME TELE INFRA PRIVATE LIMITED	Director	17/10/2006	17/10/2006	-	Strike off	NO
2	L31200GA1992PLC003109	BLUE COAST HOTELS LIMITED	Director	29/09/2012	10/11/2011	30/04/2013	Active	NO
3	U15143HR2004PTC043427	SOLAE COMPANY INDIA PRIVATE LIMITED	Director	28/09/2012	28/12/2011	07/07/2014	Active	NO
4	U24299HR1998PTC034086	E I DUPONT INDIA PRIVATE LIMITED	Director	28/09/2012	28/02/2012	28/08/2014	Active	NO
5	U24200DL2012PTC232798	AXALTA COATING SYSTEMS INDIA PRIVATE LIMITED	Director	13/03/2012	13/03/2012	31/01/2013	Active	NO
6	U24100DL2014FTC268274	THE CHEMOURS INDIA PRIVATE LIMITED	Director	25/06/2014	25/06/2014	16/09/2014	Active	NO
7	U31900DL1995PTC071387	SAMSUNG INDIA ELECTRONICS PRIVATE LIMITED	Additional director	30/09/2014	30/09/2014	-	Active	NO

Name :

Mr. Jagbir Singh

Designation :

Additional Director

Address :

Flat No.303, Royal Retreat - II, Charmwood Village, Faridabad – 121 009, Haryana, India

Date of Appointment :

30.09.2014

DIN No.:

03258009

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	U64203MH2008PTC182748	ALCATEL-LUCENT MANAGED SOLUTIONS INDIA PRIVATE LIMITED	Additional director	04/10/2010	04/10/2010	13/04/2011	Active	NO
2	U64200HR2009PLC039237	TELESONIC NETWORKS LIMITED	Managing director	30/09/2013	05/02/2013	29/04/2014	Active	NO
3	U74999DL2014PLC264417	FIREFLY NETWORKS LIMITED	Director	04/02/2014	04/02/2014	05/05/2014	Active	NO
4	U31900DL1995PTC071387	SAMSUNG INDIA ELECTRONICS PRIVATE LIMITED	Additional director	30/09/2014	30/09/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Samar Bhatia
Designation :	Secretary
Address :	24, Samrat Apartments, B-11, Vasundhara Enclave, Delhi – 110 096, India
Date of Birth/Age :	31.05.1979
Date of Appointment :	14.03.2013
PAN No :	AHGPB2519N

MAJOR SHAREHOLDERS

AS ON 18.08.2014

Names of Shareholders	No. of Shares
Samsung Electronics Company Limited, Korea	216787486
Samsung Asia Pte Limited, Singapore	18
Total	216787504

AS ON 18.08.2014

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in manufacturing and trading of Audio Visual Products, Home Appliances, Information Technology Products and Hand Held Phones and development and export of software.

Products :

Item Code No.	Product Description
8528	Colour Television Receiver
8418	Refrigerator
8528	Colour Monitor/Printer

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

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

Bankers :

Banker Name	State Bank of India
Branch Address	NEPZ Branch B, Phase II, Noida – 201 301, Uttar Pradesh, India
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)	Not Available

· ICICI Bank Limited, 9-A, Phelps Building, Connaught Place, New Delhi - 110 001, India

· Bank of America, Barakhamba Road, New Delhi, India

· Deutsche Bank, New Delhi Branch, Tolstoy House, 15-17, Tolstoy Marg, New Delhi – 110 001, India

Banking Relations :	--
Auditors :
Name :	Price Waterhouse and Company Chartered Accountants
Address :	Building 8, 7^th and 8^th Floor, Tower-B, DLF, Cyber City, Gurgaon – 122 002, Haryana, India
PAN No.:	AAEFP3641G
Memberships :	Not Available
Collaborators :	Not Available
Holding Company :	Samsung Electronics Company Limited, Korea
Fellow Subsidiaries :	- Samsung Asia Private Limited, Singapore - Samsung Electronics (UK) Limited - Samsung Electronics America, Inc. - Samsung Electronics Australia Pty. Limited - Samsung Electronics Display (M) Sdn. Bhd. - Samsung Electronics Europe Logistics B.V., Netherland - Samsung Electronics Hong Kong Co., Limited - Samsung Electronics Huizhou Co., Limited - Samsung Electronics Mexico S.A. de C.V. - Samsung Electronics Philippines Corporation - Samsung Electronics Poland Manufacturing - Samsung Electronics Slovakia s.r.o. - Samsung Electronics South Africa (Pty) Limited - Samsung Electronics Suzhou Computer Co., Limited - Samsung Electronics Taiwan Co., Limited - Samsung Electronica da Amazonia Ltda. - Samsung Electronics (Beijing) Service Company Limited - Samsung Electronics (M) Sdn. Bhd. - Samsung Electronics (Shandong) Digital Printing Co., Limited - Samsung Electronics Istanbul Pazarl - Samsung Electronics Vietnam Co., Limited - Samsung Gulf Electronics FZE - Samsung International Inc., USA - Samsung Electronics Japan Co., Limited - Samsung Malaysia Electronics Sdn. Bhd. - Samsung Medison Co., Limited - Samsung Medison India Private Limited - Samsung Telecommunications America, LLC - Samsung Vina Electronics Co., Limited, Vietnam - ShanghaiSamsung Semiconductor Co., Limited, China - Samsung Electronics Egypt - Samsung Electronic Digital appliance S.A. de C.V. - Samsung Electronics Hungary Limited - Samsung Suzhou Electronics Export Company - Samsung Electronics Peru S.A.C - Shenzhen Samsung Kejian Mobile Telecommunication Technology Co., Limited - Suzhou Samsung Electronics Co., Limited, China - Thai Samsung Electronics Co., Limited, Thailand - Tianjin Samsung Electronics Co., Limited - Tianjin Samsung LED Co., Limited - Tianjin Samsung Opto-Electronics Company - Tianjin Samsung Telecom Technology Co., Limited - LLC Samsung Electronics Rus Kaluga - LLC Samsung Russia Service Center - PT. Samsung Electronics Indonesia

CAPITAL STRUCTURE

AS ON 18.08.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
244000000	Equity Shares	Rs.10/- each	Rs.2440.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
216787504	Equity Shares	Rs.10/- each	Rs.2167.875 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	2168.000	2168.000	2168.000
(b) Reserves & Surplus	53805.000	27437.000	10294.000
(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)	55973.000	29605.000	12462.000
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	1540.000	1321.000	261.000
(d) Long-term provisions	4922.000	3968.000	5687.000
Total Non-current Liabilities (3)	6462.000	5289.000	5948.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	1540.000
(b) Trade payables	51851.000	56169.000	27412.000
(c) Other current liabilities	6892.000	4955.000	2866.000
(d) Short-term provisions	7495.000	5656.000	3453.000
Total Current Liabilities (4)	66238.000	66780.000	35271.000
TOTAL	128673.000	101674.000	53681.000
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	16226.000	12073.000	11559.000
(ii) Intangible Assets	223.000	106.000	47.000
(iii) Capital work-in-progress	1086.000	105.000	61.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	2509.000	1552.000	1347.000
(d) Long-term Loan and Advances	2473.000	1523.000	484.000
(e) Other Non-current assets	803.000	685.000	0.000
Total Non-Current Assets	23320.000	16044.000	13498.000
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	29953.000	29840.000	19855.000
(c) Trade receivables	30273.000	18285.000	11640.000
(d) Cash and cash equivalents	38792.000	32329.000	4438.000
(e) Short-term loans and advances	5012.000	4198.000	3445.000
(f) Other current assets	1323.000	978.000	805.000
Total Current Assets	105353.000	85630.000	40183.000
TOTAL	128673.000	101674.000	53681.000

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2014	31.03.2013	31.03.2012
	SALES
		Income		403920.000	277723.000	197790.000
		Other Income
		TOTAL (A)		403920.000	277723.000	197790.000
Less	EXPENSES
		Office Expenses		360837.000	250409.000	187180.000
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)		360837.000	250409.000	187180.000
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			43083.000	27314.000	10610.000
Less	FINANCIAL EXPENSES (D)			51.000	76.000	50.000
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			43032.000	27238.000	10560.000
Less	DEPRECIATION/ AMORTISATION (F)			3755.000	2988.000	2677.000
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)			39277.000	24250.000	7883.000
Less	TAX (H)			12909.000	7107.000	4272.000
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)			26368.000	17143.000	3611.000
	EARNINGS IN FOREIGN CURRENCY
			Finished Goods	26846.000	4959.000	2228.000
			Components	1038.000	411.000	611.000
			Software Exports	10558.000	6997.000	3797.0000
			After Sales service Income	212.000	214.000	177.0000
			Reimbursement of Marketing, Services and Other Expenses	291.000	326.000	24.000
			Miscellaneous Income	107.000	91.000	75.000
	TOTAL EARNINGS			39052.000	12998.000	6912.000
	IMPORTS
			Imports - CIF Value	235578.000	174281.000	125022.000
	TOTAL IMPORTS			235578.000	174281.000	125022.000
	Earnings/ (Loss) Per Share (Rs.)			121.63	79.08	16.66

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	31.40	24.25	15.08
Return on Investment (ROI) (PBT/Networth)		0.70	0.82	0.63
Debt Equity Ratio (Total Debt/Networth)		0.00	0.00	0.12
Current Ratio (Current Asset/Current Liability)		1.59	1.28	1.14

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(INR in Mlns.)	(INR in Mlns.)	(INR in Mlns.)
Share Capital	2168.000	2168.000	2168.000
Reserves & Surplus	10294.000	27437.000	53805.000
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	12462.000	29605.000	55973.000
Long Term borrowings	0.000	0.000	0.000
Short Term borrowings	1540.000	0.000	0.000
Total borrowings	1540.000	0.000	0.000
Debt/Equity ratio	0.124	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Total Income	1,97,790.000	2,77,723.000	4,03,920.000
		40.413	45.440

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Total Income	1,97,790.000	2,77,723.000	4,03,920.000
Profit	3,611.000	17,143.000	26,368.000
	1.83%	6.17%	6.53%

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 three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	Yes
23]	Banking Details	Yes
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

LITIGATION DETAILS:

RFA 338/2010

JAGOTA ELECTRONICS Applicant

Through: Mr. K.K. Aggarwal. Adv,

Versus

SAMSUNG INDIA ELECTRONICS PRIVATE LIMITED Respondent

Through: Mr. Pratik Datta, Adv.

CORAM:

HON’BLE MR. JUSTICE J.R. MIDHA

OFDER

26.09.20144

Subject to the order of Hon’ble the chief justice, list before some other Bench on 19^th October, 2011)

NOTE:

The registered office of the company has been shifted from Suites No.101-103, 1^st Floor, Copia Corporate Suites, Plot No.9, Jasola District Centre, New Delhi – 110 025, Delhi, India, to the present address w.e.f. 21.03.2011.

BUSINESS SEGMENTS:

a. Audio Visual (AV): This segment covers operations relating to Colour Televisions, Colour Monitors, Audios, Digital Video Players, Video Disc Players, Camcorders and Cameras.

b. Home Appliances (HA): This segment covers operations relating to Washing Machines, Air Conditioners, Refrigerators and Microwave Ovens.

c. Information Technology (IT): This segment covers operations relating to Printers, CD ROMs and Hard Disk Drives.

d. Hand Held Phones (HHP)

e. Software Development and Export (SDE)

PERFORMANCE

Their total income from sales and other income increased to Rs.403920.000 Million from Rs.277723.000 Million in the previous year, at a growth rate of 45.44%. Profit Before Tax increased to Rs.39277.000 Million from Rs.24250.000 Million in the previous year, at a growth rate of 61.97%. Profit After Tax increased to Rs.26368.000 Million from Rs.17143.000 Million in the previous year, at a growth rate of 53.81%.

SIGNIFICANT DEVELOPMENTS

The Company continued to be the No.1 Mobile brand in the country in both value and volume category as well as consolidated its No.1 position in the fast growing Smartphone market in India. The Company was declared a clear winner in the Mobile category in a survey conducted by The Economic Times - Brand Equity on the country's Most Exciting Brands. In addition, Interbrand Brand Valuation has ranked Samsung Electronics as the 8th most valuable brand globally.

HHP AND TABLET

The Company strengthened its presence in the fast growing Mobile and tablet segments by introducing innovative and powerful devices like the Galaxy S5, Galaxy Note 3, Galaxy S4, Galaxy Grand 2, Galaxy Tab 3 and redefined the Tablet market by launching revolutionary large screen tablets like the Galaxy Note Pro 12.2 and Galaxy Note 10.1 (2014 Edition). The Galaxy S5 combines an advanced camera, the fast network connectivity, dedicated fitness tools and enhanced device protection features as it helps consumers stay fit and connected in style. The Galaxy Note 3 delivers a larger and better screen for the best viewing experience and more powerful multitasking, and introduces significant S Pen improvements that make everyday life easier and faster.

The Company created new segments in the market by launching Smart mobile devices like the Samsung Galaxy S4 Zoom and Galaxy S4 Mini in July 2013. The unique Galaxy S4 Zoom combines the stylish heritage of Galaxy S4 Smartphone with advanced photographic capabilities. The

Galaxy S4 Mini delivers the superior, intuitive performance and sleek design of the Galaxy S4 in a highly portable, chic and compact design. Continuing its legacy of innovation, the Company forayed into the wearable segment with the launch of its first smartwatch Samsung Galaxy Gear in September 2013. Later in March 2014, the Company further expanded its wearable range by introducing Tizen powered Galaxy Gear 2, Galaxy Gear Neo and Galaxy Gear Fit.

The Company is the market leader by volume in both the Smartphone and the overall mobile market in India with a 38% market share in Smartphones and a 19% market share in overall mobiles as per IDC in February 2014.

According to Q1-14 IDC figures, Samsung India led the tablet market with 22.5% market share. In their latest publication on Global Smartwatch Vendor Market share in Q1 2014, Strategyanalytics.com reports that the company captured 71.4 % of the global smartwatch market in Q1, 2014.

In February 2014, Samsung India expanded its affordable range with the launch of Galaxy Note 3 Neo, Galaxy Grand Neo and Galaxy Tab 3 Neo. The Company also unveiled Galaxy Trend, Galaxy Star Pro and Galaxy S Duos 2 that met with very strong consumer acceptance.

PANELS

A global market leader in flat-panel TVs, the Company retained its market leadership in India by launching its new 2013 range of Joy Plus Series comprising of its flagship LED and Plasma TV Range with enhanced features such as Screen Capture, Sound Capture, Cricket Mode, Amazing Picture Quality, Easy Sharing and Best-in-class Durability. The company, which is also the global leader in digital convergence technologies, unveiled its latest in Smart TV technology with the F9000 series of Ultra High-Definition (UHD) TV.

In January 2014, the Company unveiled an impressive broad range of new TV and home entertainment products - including a full line-up of Curved UHD TVs at the Consumer Electronics Show (CES), USA, which will be made available in India soon.

HOME APPLICANCE

As one of the top appliance manufacturer, the Company stands for outstanding engineering achievements, characterized by creativity, perfection and precision. Razor-sharp designs harmonized with cutting edge technology and easy to use functions form the heart of all Samsung Home

Appliances.

The Company enriched its Home Appliances product portfolio with features developed keeping in mind the needs of the Indian consumers, thus, the advanced Digital Inverter Technology that gives consumers the flexibility and convenience needed to keep foods fresher for longer as well as operate on 20 percent less energy. With a strong compressor that can operate in a stable manner despite high fluctuation of voltage (115V to 300V) even at 50, the new Digital Inverter Series eliminates the need of a separate stabilizer providing better energy efficiency while saving on space.

The Company featured its Food Showcase refrigerator, which combines clever internal storage design and innovative fridge technology to keep food fresher for longer. The new WA4000HH top-loader washing machine and the new Smart Oven (MC32F604TCT) are specifically designed to meet the needs of Indian customers.

The Smart Oven incorporates the sophisticated Slim Fry technology to cook crispy, fried-style food using only a tablespoon of oil, and delivers ground breaking performance with functional design latest technologies and conserving energy. And the new air conditioner AR7000 and AR5000 is engineered to deliver exceptional cooling, comfort and hygienic benefits with a striking triangular design. The Digital Inverter Compressor in this series cools 26 percent more quickly than conventional air conditioning systems. Furthermore, the company also beat others in expenditure on ads for a single product launch.

HEALTH AND MEDICAL EQUIPMENTS

The company strengthened its healthcare and medical equipment portfolio by announcing first of its kind ultrasound machine with 5D technology.

INFORMATION TECHNOLOGY

The Company strengthened its IT portfolio by foraying into the A3 printer category in the Indian market. The announcement also included the launch of Samsung's K2200 series A3 printer. Samsung NX300 camera received a great response from both technology reviewers as well as consumers. The Samsung SSD 840 Pro 750 GB was awarded the Digit Zero Award.

The company launched four new smart cameras in the WB series for the Indian market. The new WB family of cameras boasts the latest Smart Connectivity features, equipped with NFC and Wi-Fi capabilities. At the 2014 Samsung Forum in Bali, the company also launched NX30, Galaxy Camera 2, Samsung Monitors that offer UH and a powerful line-up of mono laser printers, color laser printers and multi-function printers.

AWARDS AND RECOGNITION

In 2013-14, the Company won several awards and recognitions for both its corporate initiatives as well as its innovations across product categories. Samsung Galaxy S4 smart phone is at No.1 position and Galaxy Note 3 has won the second spot in Brand Derby this year. The company has been named by The Brand Trust Report as India’s ‘Most Trusted brand’. The company was awarded Surewaves Buzziest Brands 2014 for the second time in a row. Voice and Data has awarded Samsung with two awards in the ‘Top Mobile Handset Company’ and ‘Top Tablet Company’ categories. The company has won the prestigious 'Golden Peacock Award for Corporate Social Responsibility 2013’ for its Samsung Smart School initiative. The company has won the ‘most preferred smartphone brand of the year’ category at the North-East Consumer Awards 2013.

INDEX OF CHARGES

No Charges Exist for Company.

FIXED ASSETS:

· Leasehold Land

· Buildings

· Leasehold Improvements

· Plant and Machinery

· Office Equipment

· Computers

· Furniture and Fixtures

· Vehicles

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 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.63.88
UK Pound	1	Rs.97.20
Euro	1	Rs.72.51

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	RAS
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	9
PAID-UP CAPITAL	1~10	8
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
-- PROFITABILITY	1~10	8
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	8
--RESERVES	1~10	8
--CREDIT LINES	1~10	8
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--LITIGATION	YES/NO	YES
--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		73

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.