MIRA INFORM REPORT

Report No. :	351010
Report Date :	24.11.2015

IDENTIFICATION DETAILS

Name :	SPORTINA EXIM PRIVATE LIMITED
Registered Office :	Unit No. 218, Champaklal Industrial Estate, Plot No. 105, Next to Sion Telephone Exchange, Sion (East), Mumbai - 400022, Maharashtra
Tel. No.:	91-22-22061692
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	18.06.1990
Com. Reg. No.:	11-056894
Capital Investment / Paid-up Capital :	Rs. 0.500 Million
CIN No.: [Company Identification No.]	U92410MH1990PTC056894
IEC No.:	0309078211
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACS0666B
Legal Form :	Private Limited Liability Company
Line of Business :	Subject carries out a Business of Executing Contracts Sports Related Activities.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ca (15)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject was incorporated in the year 1990, having moderate track. The company has eroded net worth base due to continuous accumulated loss incurred from its operations. It has small cash accruals and there is unfavorable gap between trade receivable and payables. Business is active. Payments are slow. In view of weak financial condition, the company can be considered for business dealings on fully safe and secured 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.

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 31-03-2015.

INFORMATION DECLINED BY

Name :	Mr. Praful Jain
Designation :	Chartered Accountant
Contact No.:	91-22-22061692
Date :	23.11.2015

LOCATIONS

Registered Office :	Unit No.218, Champaklal Industrial Estate, Plot No.105, Next to Sion Telephone Exchange, Sion (East), Mumbai-400022, Maharashtra, India
Tel. No.:	91-22-66938800/ 22061692
Fax No.:	Not Available
E-Mail :	prafuljoshi@yahoo.com

DIRECTORS

AS ON 30.09.2014

Name :	Mr. Karan Hiren Sheth
Designation :	Additional Director
Address :	1701/1702, Raheja Residency, 29^th Road, Off. Sion Circle, Sion (East), Mumbai - 400022, Maharashtra, India
Date of Birth/Age :	27.09.1986
Date of Appointment :	01.04.2015
DIN No.:	01941750
Name :	Mr. Hiren Himatlal Sheth
Designation :	Director
Address :	1701/1702, Raheja Residency, 29^th Road, Off Sion Circle, Sion (East), Mumbai - 400022, Maharashtra, India
Date of Birth/Age :	26.10.1959
Qualification :	Graduate
Date of Appointment :	18.06.1990
DIN No.:	01658956

KEY EXECUTIVES

Name :	Mr. Praful Jain
Designation :	Chartered Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Hiren Himatlal Sheth	25000	50.00
Sheetal Hiren Sheth	25000	50.00
Total	50000	100.00

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject carries out a Business of Executing Contracts Sports Related Activities.
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

· Aadarsh Plasitcs Enterprises

· Ashok Trading Co.

· Desso Sports Systems NV [Imports]

· Jhamtani Agencies-PCMC

· Prabhakar Traders

· R K Electricals

· R-Lite Electricals

· Senseware Infomedia Private Limited

· Sheen Aqua Systems

· Super Enterprises

· Venus Refrigeration

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

· Hiranandani Classique

· Crescendo Associates

· Roma Builders

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	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 management

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· Yes Bank Limited

Auditors :
Name :	Deshmukh and Associates Chartered Accountants
Address :	20, Mahavir Mansion, 70, Trinity Street, Mumbai – 400002, Maharashtra, India
Tel. No.:	91-22-22061692
Fax No.:	91-22-22031219
E-Mail :	prafuljoshi@yahoo.com
Income-tax PAN of auditor or auditor's firm :	AAAFD4737F
Memberships :	--
Collaborators :	--
Related Parties :	· Sports Gem (India) Private Limited · Sportina Payce Infrastructure Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
50,000	Equity Shares	Rs. 10/- each	Rs. 0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50,000	Equity Shares	Rs. 10/- each	Rs. 0.500 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	0.500	0.500	0.500
(b) Reserves & Surplus	(16.929)	(17.858)	(11.676)
(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)	(16.429)	(17.358)	(11.176)
(3) Non-Current Liabilities
(a) Long-term borrowings	29.147	25.498	22.797
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	2.257	1.971	1.321
Total Non-current Liabilities (3)	31.404	27.469	24.118
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	2.359
(b) Trade payables	6.896	3.289	3.018
(c) Other current liabilities	5.274	10.244	3.736
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	12.170	13.533	9.113
TOTAL	27.145	23.644	22.055
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.054	1.067	1.202
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	1.759	1.759	4.111
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	3.650	3.038	2.613
(e) Other Non-current assets	3.534	2.928	3.929
Total Non-Current Assets	9.997	8.792	11.855
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2.132	4.370	2.348
(c) Trade receivables	2.300	2.369	1.340
(d) Cash and cash equivalents	0.880	0.455	0.325
(e) Short-term loans and advances	6.946	5.033	6.079
(f) Other current assets	4.890	2.625	0.108
Total Current Assets	17.148	14.852	10.200
TOTAL	27.145	23.644	22.055

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		TOTAL	30.845	24.632	21.159
Less	EXPENSES
		TOTAL	29.697	30.163	25.989
	PROFIT/ (LOSS) BEFORE TAX		1.148	(5.531)	(4.830)
Less	TAX		0.219	0.651	0.000
	PROFIT/ (LOSS) AFTER TAX		0.929	(6.182)	(4.830)
	EARNINGS IN FOREIGN CURRENCY		4.546	0.000	0.490
	Earnings/ (Loss) Per Share (Rs.)		18.58	(123.64)	(96.60)

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
Net Cash Flow from used in Operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	4.52	(25.27)	-26.92
Return on Investment (ROI) (PBT/Networth)		(0.07)	0.32	0.43
Debt Equity Ratio (Total Debt/Networth)		(1.77)	(1.47)	(2.25)
Current Ratio (Current Asset/Current Liability)		1.41	1.10	1.12

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	0.500	0.500	0.500
Reserves & Surplus	(11.676)	(17.858)	(16.929)
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	(11.176)	(17.358)	(16.429)
Long-term borrowings	22.797	25.498	29.147
Short term borrowings	2.359	0.000	0.000
Total borrowings	25.156	25.498	29.147
Debt/Equity ratio	(2.251)	(1.469)	(1.774)

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	21.159	24.632	30.845
		16.414	25.223

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	21.159	24.632	30.845
Profit	(4.830)	(6.182)	0.929
	(22.83%)	(25.10%)	3.01%

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	Yes
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	No
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	No
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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
From Directors	21.594	20.372
From Related Parties	3.316	2.594
From Others	4.237	2.532
Total	29.147	25.498

CHANGE OF ADDRESS:

The Registered Office of the Company has been shifted from A-4 Vinay Bhavya Complex, 159 CST Road, Kalina, Santacruz (East), Mumbai – 400098, Maharashtra, India to the present address w.e.f.01.01.2011.

CORPORATE INFORMATION

The company is a Private Limited Company registered under the provisions of the companies Act, 1956. The Company Carries out a business of executing Contracts sports related activities.

FIXED ASSETS:

· Electronic Typewriter

· Fax Machine

· Air Conditioner

· Paper Cutting Machine

· Television

· Office Equipment

· Office Furniture

· Eletropnematic

· Honda City

· Mercedes Car

· Computer

· Toyota Innova

· Accent Car

· Honda Accord

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.35
UK Pound	1	Rs.100.66
Euro	1	Rs.70.47

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	AMR
Report Prepared by :	ARC

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	2
--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		15

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.