MIRA INFORM REPORT

Report No. :	322476
Report Date :	27.05.2015

IDENTIFICATION DETAILS

Name :	GENESIS LUXURY FASHION PRIVATE LIMITED
Registered Office :	51-52, Udyog Vihar - Phase IV, Gurgaon - 122001, Haryana
Tel. No.:	91-11-26165102
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	20.09.2007
Com. Reg. No.:	05-054951
Capital Investment / Paid-up Capital :	Rs.172.636 Million
CIN No.: [Company Identification No.]	U74994HR2007PTC054951
TAN No.: [Tax Deduction & Collection Account No.]	DELG10686E
PAN No.: [Permanent Account No.]	AACCG9446R
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the trading of luxury garments, foot wear and other fashion accessories.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 4400000
Status :	Satisfactory
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. There seem dip in the profit of the company during 2014. However, General Financial position of the company is decent. Trade relations are reported to be fair. Business is active. Payments are reported to be slow but correct. 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	CRISIL RATING
Rating	Long Term Rating = BBB
Rating Explanation	Have moderate degree of safety and carry moderate credit risk
Date	17.04.2015

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’ 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 DENIED BY

Name :	Mr. Pankaj
Designation :	Finance Department
Contact No.:	91-124-4181111
Date :	14.05.2015

LOCATIONS

Registered Office / Corporate Office :	51-52 Udyog Vihar - Phase IV, Gurgaon - 122001, Haryana, India
Tel. No.:	91-124-4181111
Fax No.:	91-124-4181112
E-Mail :	legal@genesiscolors.net
Web site :	www.genesisluxury.com
Head Office :	3A-1, Taj Apartments, Rao Tula Ram Marg, New Delhi – 110 022, India
Corporate Office / Branch Office :	437-438 Kayyandas Udyog Bhavan Century Bazaar Lane, Prabhadevi, Mumbai – 400025, Maharashtra, India
Tel. No.:	91-22-24321311
Fax No.:	91-22-24314350
Design Studio :	Located In : Gurgaon

DIRECTORS

As on : 19.09.2014

Name :

Mr. Sanjay Kapoor

Designation :

Managing Director

Address :

8/1, 1^st Floor, Shanti Niketan, New Delhi – 110011, India

Date of Birth/Age :

28.10.1967

Qualification :

BA(H)- Eco and MBA

Date of Appointment :

01.01.2010

PAN No.:

AAJPK0926C

DIN No.:

00264602

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	U74899DL1992PTC049569	GENESIS OVERSEAS PRIVATE LIMITED	Director	15/07/1992	15/07/1992	-	Active	NO
2	U74899DL1995PTC069258	A V ESTATES PRIVATE LIMITED	Director	21/01/1996	21/01/1996	03/11/2008	Active	NO
3	U70101DL1996PTC079720	S.N.K. REALTORS PRIVATE LIMITED	Director	17/06/1996	17/06/1996	-	Active	NO
4	U51311HR1998PTC054949	GENESIS COLORS PRIVATE LIMITED	Managing director	23/11/1998	23/11/1998	-	Active	NO
5	U74300DL2001PTC112677	P R VISION PRIVATE LIMITED	Director	05/10/2001	05/10/2001	-	Strike off	NO
6	U74140DL2005PTC136906	EFFACTOR EVENTS PRIVATE LIMITED	Director	31/05/2005	31/05/2005	-	Active	NO
7	U18101DL2005PTC137267	GEE DESIGN PRIVATE LIMITED	Director	06/06/2005	06/06/2005	08/10/2007	Active	YES
8	U51311DL2005PTC140296	SANJANA JON COUTURE PRIVATE LIMITED	Director	02/09/2005	02/09/2005	-	Strike off	NO
9	U74999DL2007PTC159733	Genesis Life Style Events Private Limited	Director	26/02/2007	26/02/2007	27/03/2012	Amalgamated	NO
10	U74994HR2007PTC054951	GENESIS LUXURY FASHION PRIVATE LIMITED	Managing director	01/01/2010	20/09/2007	-	Active	NO
11	U52100DL2010FTC197874	BURBERRY INDIA PRIVATE LIMITED	Director	12/01/2010	12/01/2010	-	Active	NO
12	U51909HR2011PTC042802	NASAN GARMENTS PRIVATE LIMITED	Director	13/06/2011	13/06/2011	-	Active	NO
13	U51109DL2012PTC233712	Genesis La Mode Private Limited	Director	30/03/2012	30/03/2012	-	Active	NO
14	U51391DL2012PTC235298	GLB BODY CARE PRIVATE LIMITED	Director	04/05/2012	04/05/2012	-	Active	NO
15	U52590DL2012FTC232412	Canali India Private Limited	Director	04/09/2013	09/06/2012	-	Active	NO
16	U51494HR2012PTC047914	GML India Fashion Private Limited	Director	14/12/2012	14/12/2012	-	Active	NO

Name :

Ketki Kiran Paranjpe

Designation :

Additional Director

Address :

21/B/22, Takshila Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India

Date of Birth/Age :

13.03.1981

Date of Appointment :

16.02.2013

DIN No.:

06501326

Other Directorship:

Name :

Mr. Vishal Kirti Keshav Marwaha

Designation :

Director

Address :

D2, A/8, Vasant Vihar, New Delhi – 110057, India

Date of Birth/Age :

26.11.1963

Date of Appointment :

30.07.2012

DIN No.:

00164204

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	U74140DL2004PTC128348	HENDERSON EQUITY PARTNERS INDIA PRIVATE LIMITED	Whole-time director	30/06/2014	16/08/2004	-	Active	NO
2	L51433WB1960PLC024539	HSIL LIMITED	Director	24/08/2005	24/08/2005	08/01/2013	Active	NO
3	L24116UP1978PLC004624	JUBILANT LIFE SCIENCES LIMITED	Alternate director	10/05/2010	17/10/2006	07/07/2010	Active	NO
4	L51909MH2004PLC145007	SHARDA CROPCHEM LIMITED	Nominee director	14/03/2008	14/03/2008	23/09/2014	Active	NO
5	L74899UP1995PLC043677	Jubilant FoodWorks Limited	Director	03/09/2014	05/10/2009	-	Active	NO
6	U51311HR1998PTC054949	GENESIS COLORS PRIVATE LIMITED	Director	28/09/2010	29/10/2009	-	Active	NO
7	U74140DL1998PTC097579	IPE GLOBAL PRIVATE LIMITED	Director	17/09/2011	17/06/2011	-	Active	NO
8	U74994HR2007PTC054951	GENESIS LUXURY FASHION PRIVATE LIMITED	Director	30/07/2012	25/05/2012	-	Active	NO
9	U74999DL2012PTC238858	IMPERIA HEALTH PRIVATE LIMITED	Director	25/09/2013	03/12/2012	-	Active	NO

Name :

Mr. Rajiv Grover

Designation :

Director

Address :

A-120, Inder Puri, New Delhi – 110012, India

Date of Birth/Age :

30.10.1973

Date of Appointment :

30.07.2012

DIN No.:

05124608

Name :

Ms. Meenu Juneja

Designation :

Director

Address :

316 - D Pocket – 2, Mayur Vihar Phase – 1, Delhi – 110091, India

Date of Birth/Age :

14.01.1972

Date of Appointment :

26.09.2013

DIN No.:

02478745

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	U14220DL2009PLC188298	INTEGRATED GLASS MATERIALS LIMITED	Director	06/03/2009	06/03/2009	08/11/2009	Active	NO
2	U52590DL2012FTC232412	Canali India Private Limited	Director	05/03/2012	05/03/2012	09/06/2012	Active	NO
3	U74994HR2007PTC054951	GENESIS LUXURY FASHION PRIVATE LIMITED	Director	26/09/2013	18/06/2013	-	Active	NO
4	U51391HR2012PTC047935	GLB Parfums & Beaute India Private Limited	Director	30/09/2014	21/03/2014	-	Active	NO

Name :

Ms. Nalini Gupta

Designation :

Director

Address :

261 A, Hamilton Court, DLF Phase-IV, Gurgaon – 122001, Haryana, India

Date of Birth/Age :

24.08.1964

Date of Appointment :

17.06.2014

DIN No.:

00407008

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	U64202DL2003PTC122745	ACIRA SOLAR PRIVATE LIMITED	Director	22/10/2003	22/10/2003	-	Active	NO
2	U51311HR1998PTC054949	GENESIS COLORS PRIVATE LIMITED	Director	31/08/2012	19/06/2006	-	Active	NO
3	U74994HR2007PTC054951	GENESIS LUXURY FASHION PRIVATE LIMITED	Director	17/06/2014	17/06/2014	-	Active	NO

Name :

Mr. Ravinder Thakran Singh

Designation :

Director

Address :

3188, Sector B, Pocket IV, vasant Kunj, New Delhi – 110030, India

Date of Birth/Age :

21.05.1963

Date of Appointment :

21.03.2014

DIN No.:

01077387

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	U36911DL2002PTC116039	LVMH WATCH AND JEWELLERY INDIA PRIVATE LIMITED	Director	08/07/2002	08/07/2002	-	Active	NO
2	U51410MH2007FTC176802	DFS India Private Limited	Director	30/09/2009	06/02/2009	04/10/2012	Active	NO
3	U74994HR2007PTC054951	GENESIS LUXURY FASHION PRIVATE LIMITED	Director	21/03/2014	28/07/2011	-	Active	NO
4	U51909HR2011PTC054950	GLF Lifestyle Brands Private Limited	Director	21/03/2014	10/08/2011	08/12/2014	Active	NO
5	U74899DL1976PTC008436	FABINDIA OVERSEAS PRIVATE LIMITED	Director	31/07/2012	05/03/2012	21/01/2014	Active	NO
6	L74899DL1995PLC067827	PVR LIMITED	Director	27/09/2013	08/10/2012	-	Active	NO
7	U55101DL2012PLC239565	PVR LEISURE LIMITED	Nominee director	27/12/2012	27/12/2012	05/03/2015	Active	NO
8	L93030DL2011PLC262151	CINEMAX INDIA LIMITED	Director	22/07/2013	08/01/2013	-	Amalgamated	NO

Name :

Mr. Bijou Kurien

Designation :

Director

Address :

#33/2, Grant Road, Bangalore – 560001, Karnataka, India

Date of Birth/Age :

21.05.1963

Date of Appointment :

21.03.2014

DIN No.:

01802995

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	U25194KA1983PTC005754	OCEANIC RUBBER WORKS PRIVATE LIMITED	Director	15/12/1983	15/12/1983	-	Active	NO
2	U17236KA1985PTC006656	ORIENTAL TAPES PRIVATE LIMITED	Director	08/11/1991	08/11/1991	-	Strike off	NO
3	U52110TZ1992PTC003731	STELLA TREADS PRIVATE LIMITED	Director	20/04/1992	20/04/1992	-	Active	NO
4	U70101TZ1991PLC003557	TITAN PROPERTIES LIMITED	Director	22/04/2003	22/04/2003	24/04/2008	Amalgamated	NO
5	U91110DL2004NPL128854	ALL INDIA FEDERATION OF HOROLOGICAL INDUSTRIES	Director	06/09/2004	06/09/2004	15/06/2013	Active	NO
6	U25199MH1998PLC114011	Reliance Gems and Jewels Limited	Whole-time director	01/04/2012	22/10/2007	-	Amalgamated	NO
7	U01403MH2007PLC172415	RELIANCE LIFESTYLE HOLDINGS LIMITED	Director	31/10/2008	26/10/2007	16/07/2014	Active	NO
8	U51900MH2007PTC175637	Reliance-Vision Express Private Limited	Director	24/07/2008	28/11/2007	03/06/2013	Active	NO
9	U51900MH2007PTC175638	Reliance-GrandOptical Private Limited	Director	31/10/2008	28/11/2007	16/07/2014	Active	NO
10	U52100MH2007PLC175533	RELIANCE LEISURES LIMITED	Director	31/10/2008	06/12/2007	-	Amalgamated	NO
11	U51109MH2007PTC176276	Reliance-GrandVision India Supply Private Limited	Director	24/07/2008	07/01/2008	03/06/2013	Active	NO
12	U36991MH1999PTC119874	OFFICE DEPOT RELIANCE SUPPLY SOLUTIONS PRIVATE LIMITED	Director	30/09/2008	19/04/2008	03/06/2013	Active	NO
13	U51900MH2007PTC175711	Marks and Spencer Reliance India Private Limited	Director	30/09/2009	07/10/2008	03/06/2013	Active	NO
14	L33301DL1988PLC033434	Timex Group India Limited	Director	14/08/2014	29/07/2011	-	Active	NO
15	U85191MH2011NPL222989	Retailers Association's Skill Council of India	Director	13/10/2011	13/10/2011	31/07/2013	Active	NO
16	U74994HR2007PTC054951	GENESIS LUXURY FASHION PRIVATE LIMITED	Director	21/03/2014	21/03/2014	-	Active	NO
17	U51909HR2011PTC054950	GLF Lifestyle Brands Private Limited	Additional director	10/12/2014	18/09/2014	-	Active	NO
18	U55101KA2001PLC029232	ORANGE COUNTY RESORTS & HOTELS LIMITED	Director	18/12/2014	18/12/2014	-	Active	NO
19	L85110KA1995PLC019126	BRIGADE ENTERPRISES LIMITED	Additional director	31/01/2015	31/01/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Pankaj
Designation :	Finance Department
Name :	Mr. Ankur Jain
Designation :	Secretary
Address :	C-144A, Street No. 05, Ganga Vihar, Gokal Puri, New Delhi – 110094, India
Date of Birth/Age :	22.01.1984
Date of Appointment :	08.03.2011
PAN No.:	AIBPJ2614A

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 19.09.2014

Names of Shareholders	No. of Shares
Genesis Colors Private Limited, India	9051925
Sanjay Kapoor	875000
L Capital GLF Limited, Mauritius	7008679
Sanjay Kapoor and Virender Bhasin as Trustees of Genesis Luxury Fashion Employee Welfare Trust, India	328022
Total	17263626

Equity Share Break up (Percentage of Total Equity)

As on : 19.09.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	40.60
Bodies corporate	52.43
Directors or relatives of Directors	5.07
Other top fifty shareholders	1.90
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the trading of luxury garments, foot wear and other fashion accessories.
Products :	Luxury garments Foot wear Fashion accessories.
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

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 :

Information declined by the management

Bankers :

Bank Name	Yes Bank Limited
Branch	9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, 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)
Short-term borrowings
Loan repayable on demand	176.289	96.435
Total	176.289	96.435

Auditors :
Name :	BSR and Company LLP Chartered Accountants
Address :	BSR and CO. LLP, Building No. 10, C 388th Floor, Tower-B, DLF Cyber City Phase-II, Gurgaon, Haryana, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFB9852F
Memberships :	Not Divulged
Collaborators :	Not Divulged
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Canali India Private Limited, India U52590DL2012FTC232412
Holding Company:	Genesis Colors Private Limited, India U51311DL1998PTC097184
Joint Venture :	V&B Lifestyle India Private Limited, India U52100HR2013PTC050412 Canali India Private Limited, India U52590DL2012FTC232412
Other related parties :	Genesis Overseas Private Limited, India U74899DL1992PTC049569
Subsidiaries Company :	GLF Lifestyle Brands Private Limited, India U51909DL2011PTC222117 Genesis La Mode Private Limited, India U51109DL2012PTC233712

CAPITAL STRUCTURE

As on 19.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
18000000	Equity Shares	Rs.10/- each	Rs.180.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
17263626	Equity Shares	Rs.10/- each	Rs.172.636 Million

As on : 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
18000000	Equity Shares	Rs.10/- each	Rs.180.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
16935600	Equity Shares	Rs.10/- each	Rs.169.356 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	169.356	169.356	143.549
(b) Reserves & Surplus	1372.539	1361.951	893.307
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1541.895	1531.307	1036.856
(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	19.155	3.080	8.396
(d) long-term provisions	6.324	5.963	6.408
Total Non-current Liabilities (3)	25.479	9.043	14.804
(4) Current Liabilities
(a) Short term borrowings	176.289	96.435	130.000
(b) Trade payables	127.675	56.098	69.270
(c) Other current liabilities	19.468	22.033	12.457
(d) Short-term provisions	39.219	24.129	16.614
Total Current Liabilities (4)	362.651	198.695	228.341
TOTAL	1930.025	1739.045	1280.001
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	122.052	100.274	101.130
(ii) Intangible Assets	4.535	7.277	0.769
(iii) Capital work-in-progress	10.664	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	703.151	583.101	5.010
(c) Deferred tax assets (net)	39.687	28.280	25.067
(d) Long-term Loan and Advances	199.918	279.322	278.662
(e) Other Non-current assets	0.209	0.192	0.179
Total Non-Current Assets	1080.216	998.446	410.817
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	314.445	253.107	345.196
(c) Trade receivables	461.641	405.097	356.798
(d) Cash and cash equivalents	0.759	12.742	96.849
(e) Short-term loans and advances	72.825	68.844	20.381
(f) Other current assets	0.139	0.809	49.960
Total Current Assets	849.809	740.599	869.184
TOTAL	1930.025	1739.045	1280.001

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES	NA	NA	NA
Less	EXPENSES	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX	15.030	19.013	14.317
Less	TAX	5.960	2.187	7.092
	PROFIT/ (LOSS) AFTER TAX	9.070	16.826	7.225
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	146.276	129.450	122.224
	Balance Carried to the B/S	155.346	146.276	129.449
	Earnings / (Loss) Per Share (Rs.)	9.07	16.82	7.22

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

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

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	1.28	1.69	1.15
Return on Investment (ROI) (PBT/Networth)		0.01	0.01	0.01
Debt Equity Ratio (Total Debt /Networth)		0.11	0.06	0.13
Current Ratio (Current Asset/Current Liability)		2.34	3.73	3.81

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	143.549	169.356	169.356
Reserves & Surplus	893.307	1361.951	1372.539
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1036.856	1531.307	1541.895
long-term borrowings	0.000	0.000	0.000
Short term borrowings	130.000	96.435	176.289
Total borrowings	130.000	96.435	176.289
Debt/Equity ratio	0.125	0.063	0.114

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	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
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 three 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	No
35	Negative Reporting by Auditors in the Annual Report	No

OPERATIONAL HIGHLIGHTS OF THE YEAR AND FUTURE PROSPECTS:

The net profit of the Company has decreased from Rs. 16.825 Million in financial year 2012-13 to Rs. 9.069 Million in financial year 2013-14.

The Company presently distributes products of 6 international luxury brands namely, Paul Smith, Tumi, Jimmy Choo, Bottega Veneta, Furla and Michael Kors.

The Company has opened seven (7) new stores during the period remove, which are as follows:

1. Furla Store at Select City Walk, New Delhi

2. Furla Store at Quest Mall, Kolkata

3. Michael Kors Store at Quest Mall, Kolkata

4. Michael Kors Store at UB City, Bangalore

5. Michael Kors Store at Palladium Mall, Mumbai

6. Paul Smith Store at Quest Mall, Kolkata

7. Tumi Store at Quest Mall, Kolkata

The Company had also opened two stores under the brand Villeroy and Boch, one store at Quest Mall, Kolkata and the other store at UB City Mall, Bangalore.

The Company had entered into a business transfer agreement (BTA) with V and B Lifestyle India Private Limited. (V&B India) on 22nd March, 2014, whereby it had agreed to transfer the business under the brand Villeroy and Boch (including the lease/ license agreements with respect to the 2 stores opened by the Company), to V and B India as a going concern on slump sale basis, and accordingly, the business was transferred to V and B India on the closing of business hours of 27th March, 2014.

The Distribution Agreement entered into by the Company with the brand, Jimmy Choo, had expired in September, 2013. The Company has renewed the same by entering into the Distribution Agreement with Jimmy Choo for a further period of 5 years.

The Company has also entered into an exclusive distribution agreement with the Australian fashion brand G-Star on 27th May, 2014 for a period of 10 years.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10223732	16/08/2013 *	100,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR.  ANNIE BESANT ROAD, WORLI,, MUMBAI, Maharashtra -  400018, INDIA	B84007822
2	10182195	08/09/2009	30,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, Maharashtra - 400013, INDIA	A72221294
3	10147498	08/09/2009 *	80,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, Maharashtra - 400013, INDIA	A72154479
4	10276652	04/12/2008	50,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, Maharashtra - 400013, INDIA	A55435408

FIXED ASSETS

• Furniture and Fixture
• Vehicle
• Office Equipment
• Computer equipment
• Leasehold improvement
• Furniture and Fixture

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.63.62
UK Pound	1	Rs.98.50
Euro	1	Rs.69.93

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	RSM
Report Prepared by :	SUJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
PERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--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		46

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.