MIRA INFORM REPORT

Report No. :	341434
Report Date :	16.09.2015

IDENTIFICATION DETAILS

Name :	VIVA BOOKS PRIVATE LIMITED
Registered Office :	4737/23, Ansari Road, Darya Ganj, New Delhi - 110002
Tel. No.:	91-11-42242200
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	30.01.0991
Com. Reg. No.:	55-042901
Capital Investment / Paid-up Capital :	Rs.65.389 Million
CIN No.: [Company Identification No.]	U52396DL1991PTC042901
IEC No.:	0591048132
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACV0230G
Legal Form :	Private Limited Liability Company
Line of Business :	The Company is engaged into publishing and trading of books.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 360000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated on 30^th January, 1991. It is engaged in publishing and trading of books. It has satisfactory track record. External borrowings of the company is increasing as compared to previous year which may act as a threat to its liquidity position. However, the rating also takes into consideration significant improvement in its turnover and profit during FY 2014. Trade relations are reported to be fair. Business is active. Payment terms are slow but correct. The company can be considered 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	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	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 DENIED BY

Name :	Mr. Gajendra
Designation :	Finance Department
Contact No.:	91-22-27721273
Date :	16.09.2015

LOCATIONS

Registered Office :	4737/23, Ansari Road, Darya Ganj, New Delhi - 110002, India
Tel. No.:	91-11-42242200 (30 Lines)
Fax No.:	91-11-42242240
E-Mail :	accounts@vivagroupindia.com
Website :	http://www.vivagroupindia.com
Branch Office :	Located at: · Mumbai · Kolkata · Guwahati · Hyderabad · Bangalore · Chennai · Kochi

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Vinod Kumar Vasishat

Designation :

Managing director

Address :

A-7, Geetanjali Enclave, New Delhi - 110017, India

Date of Birth/Age :

22.06.1954

Date of Appointment :

13.09.1991

DIN No.:

00046175

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	U52396DL1991PTC042901	VIVA BOOKS PRIVATE LIMITED	MANAGING DIRECTOR	13/09/1991	13/09/1991	-	ACTIVE	NO
2	U51311DL1996PTC075111	KOGAN PAGE INDIA PRIVATE LIMITED	DIRECTOR	03/01/1996	03/01/1996	-	ACTIVE	NO
3	U22212DL1997PTC091333	BOOKS AND BYTES INDIA PRIVATE LIMITED	DIRECTOR	01/01/1998	01/01/1998	-	ACTIVE	NO
4	U22122DL2003PTC119136	SOURCE BOOKS PRIVATE LIMITED	DIRECTOR	25/02/2003	25/02/2003	-	ACTIVE	NO
5	U72900TG2003PTC041080	TECHASTRA SOLUTIONS PRIVATE LIMITED	DIRECTOR	02/06/2003	02/06/2003	05/01/2012	ACTIVE	NO
6	U22122DL2004PTC124484	VIVA EDUCATION PRIVATE LIMITED	DIRECTOR	06/02/2004	06/02/2004	-	ACTIVE	NO
7	U22122DL2004PTC124758	CAMBRIDGE UNIVERSITY PRESS INDIA PRIVATE LIMITED	DIRECTOR	20/02/2004	20/02/2004	10/07/2013	ACTIVE	NO
8	U22100DL2005PTC140211	SPEAKING TIGER PUBLISHING PRIVATE LIMITED	DIRECTOR	31/08/2005	31/08/2005	-	ACTIVE	NO
9	U80103DL2006PTC154357	FOUNDATION E-LEARNING PRIVATE LIMITED	DIRECTOR	27/09/2006	27/09/2006	28/11/2014	ACTIVE	NO
10	U22110DL2009PTC186368	JONES AND BARTLETT INDIA PRIVATE LIMITED	DIRECTOR	02/01/2009	02/01/2009	-	ACTIVE	NO
11	AAB-3187	FAIR AND SQUARE PROFESSIONALS LLP	DESIGNATED PARTNER	15/01/2013	15/01/2013	-	ACTIVE	NO

Name :

Mr. Manas Pratim Saikia

Designation :

Additional director

Address :

B-7/8, Second Floor, Safdarjung Enclave, New Delhi - 110029, India

Date of Appointment :

23.03.2015

DIN No.:

00017628

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	U22122DL2003PTC119136	SOURCE BOOKS PRIVATE LIMITED	DIRECTOR	25/02/2003	25/02/2003	-	ACTIVE	NO
2	U72900TG2003PTC041080	TECHASTRA SOLUTIONS PRIVATE LIMITED	DIRECTOR	02/06/2003	02/06/2003	05/01/2012	ACTIVE	NO
3	U22122DL2004PTC124484	VIVA EDUCATION PRIVATE LIMITED	DIRECTOR	06/02/2004	06/02/2004	-	ACTIVE	NO
4	U22122DL2004PTC124758	CAMBRIDGE UNIVERSITY PRESS INDIA PRIVATE LIMITED	MANAGING DIRECTOR	20/02/2004	20/02/2004	10/07/2013	ACTIVE	NO
5	U09211KA2005PTC036035	ACADEMIA ENGLISH PRIVATE LIMITED	DIRECTOR	11/04/2005	11/04/2005	-	STRIKE OFF	NO
6	U22100DL2005PTC140211	SPEAKING TIGER PUBLISHING PRIVATE LIMITED	DIRECTOR	31/08/2005	31/08/2005	-	ACTIVE	NO
7	U80103DL2006PTC154357	FOUNDATION E-LEARNING PRIVATE LIMITED	MANAGING DIRECTOR	27/09/2006	27/09/2006	28/11/2014	ACTIVE	NO
8	U52396DL1991PTC042901	VIVA BOOKS PRIVATE LIMITED	ADDITIONAL DIRECTOR	23/03/2015	23/03/2015	-	ACTIVE	NO
9	AAB-3187	FAIR & SQUARE PROFESSIONALS LLP	DESIGNATED PARTNER	15/01/2013	15/01/2013	-	ACTIVE	NO

Name :

Mr. Sujit Kumar Dey

Designation :

Director

Address :

S - 186, IInd Floor, Greater Kailash, New Delhi, 110048, India

Date of Birth/Age :

09.08.1961

Date of Appointment :

07.05.1999

DIN No.:

00033476

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	U52396DL1991PTC042901	VIVA BOOKS PRIVATE LIMITED	DIRECTOR	07/05/1999	07/05/1999	-	ACTIVE	NO
2	U51311DL1996PTC075111	KOGAN PAGE INDIA PRIVATE LIMITED	DIRECTOR	18/05/1999	18/05/1999	-	ACTIVE	NO
3	U22122DL2003PTC119136	SOURCE BOOKS PRIVATE LIMITED	DIRECTOR	25/02/2003	25/02/2003	-	ACTIVE	NO
4	U22122DL2004PTC124484	VIVA EDUCATION PRIVATE LIMITED	DIRECTOR	06/02/2004	06/02/2004	-	ACTIVE	NO
5	U22110DL2009PTC186368	JONES AND BARTLETT INDIA PRIVATE LIMITED	DIRECTOR	02/01/2009	02/01/2009	-	ACTIVE	NO

Name :

Mr. Satish Vasishat

Designation :

Director

Address :

A-7, A Block, Geetanjali Encl,, New Delhi - 110017, India

Date of Birth/Age :

14.12.1954

Date of Appointment :

25.05.1995

DIN No.:

00552006

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	U52396DL1991PTC042901	VIVA BOOKS PRIVATE LIMITED	DIRECTOR	25/05/1995	25/05/1995	-	ACTIVE	NO
2	U51311DL1996PTC075111	KOGAN PAGE INDIA PRIVATE LIMITED	DIRECTOR	18/05/1999	18/05/1999	-	ACTIVE	NO
3	U22122DL2003PTC119136	SOURCE BOOKS PRIVATE LIMITED	DIRECTOR	25/02/2003	25/02/2003	01/05/2009	ACTIVE	NO

Name :

Mr. Aakash Vasishat

Designation :

Director

Address :

A-7, Geetanjali Enclave, New Delhi - 110017, India

Date of Birth/Age :

30.10.1987

Date of Appointment :

30.09.2014

DIN No.:

06873051

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	U52396DL1991PTC042901	VIVA BOOKS PRIVATE LIMITED	DIRECTOR	30/09/2014	16/05/2014	-	ACTIVE	NO

Name :

Alpa Vasishat

Designation :

Director

Address :

A-7, Geetanjali Enclave, New Delhi - 110017, India

Date of Birth/Age :

11.10.1985

Date of Appointment :

30.09.2014

DIN No.:

06873080

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	U52396DL1991PTC042901	VIVA BOOKS PRIVATE LIMITED	Director	30/09/2014	19/05/2014	-	Active	NO

Name :

Mr. Navin Joshi

Designation :

Additional Director

Address :

B-33, Block -B, South Extension Part II, New Delhi - 110049,India

Date of Appointment :

06.05.2015

DIN No.:

07177766

Name :

Mr. Abdul Samad

Designation :

Additional Director

Address :

Flat No 8/9, Kadamba Road, Indirapuram, Ghaziabad - 201013, Uttar Pradesh, India

Date of Appointment :

06.05.2015

DIN No.:

07177925

Name :

Jaya Kumar Nair

Designation :

Additional Director

Address :

A 203 Saraswati Apartments, Plot No 97, I.P. Extension, New Delhi - 110092, India

Date of Appointment :

12.06.2015

DIN No.:

07208857

KEY EXECUTIVES

Name :	Mr. Gajendra
Designation :	Finance Department
Name :	Mr. Rohit Babbar
Designation :	Secretary
Address :	House No.1,Street No.9, Block No. 5, Geeta Colony, New Delhi - 110031, India
PAN No.:	BDNPB0497B
Date of Appointment :	01.08.2015

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

SHAREHOLDERS DETAILS FILE ATTACHED

AS ON 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	97.42
Other top fifty shareholders	2.58
Total	100.00

BUSINESS DETAILS

Line of Business :	The Company is engaged into publishing and trading of books.
Products / Services :	Books
Brand Names :	Not Available
Agencies Held :	Not Available
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	Indian Bank
Branch	Chandni Chowk Branch, 309, Main Road, Chandni Chowk, New Delhi – 110 006, 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
Long-term maturities of finance lease obligations	0.617	1.365
Short-term borrowings
Rupee term loans from banks	144.543	128.561
Total	145.160	129.926

Financial Institution :	Volkswagen Finance Private Limited
Auditors :
Name :	KPMR and Associates Chartered Accountants
Address :	211, Delhi Chamber Delhi Gate, New Delhi-110002, India
PAN No.:	AACPQ1319A
Memberships :	----
Collaborators :	---
Other related parties (Common Directors):	Kogan Page India Private Limited Cambridge University Press India Private Limited Jones and Bartlett India Private Limited Source Books Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
750,000	Equity Shares	Rs.100/- each	Rs.75.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
653,892	Equity Shares	Rs.100/- each	Rs.65.389 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	65.389	65.389	65.389
(b) Reserves & Surplus	59.637	32.078	14.533
(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)	125.026	97.467	79.922
(3) Non-Current Liabilities
(a) long-term borrowings	295.598	212.446	159.331
(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	0.000	0.000	0.000
Total Non-current Liabilities (3)	295.598	212.446	159.331
(4) Current Liabilities
(a) Short term borrowings	144.543	128.561	100.952
(b) Trade payables	300.741	249.448	190.686
(c) Other current liabilities	54.733	49.872	30.166
(d) Short-term provisions	29.138	14.601	9.732
Total Current Liabilities (4)	529.155	442.482	331.536
TOTAL	949.779	752.395	570.789
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	30.542	27.751	24.711
(ii) Intangible Assets	3.302	3.975	0.776
(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	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.641	0.454	0.788
(d) Long-term Loan and Advances	29.663	13.980	13.635
(e) Other Non-current assets	0.661	0.610	0.571
Total Non-Current Assets	64.809	46.770	40.481
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	109.265	75.724	79.700
(c) Trade receivables	753.073	587.908	428.128
(d) Cash and cash equivalents	20.344	38.297	20.353
(e) Short-term loans and advances	1.047	0.853	1.044
(f) Other current assets	1.241	2.843	1.083
Total Current Assets	884.970	705.625	530.308
TOTAL	949.779	752.395	570.789

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	759.884	616.938	468.121
		Other Income	15.991	12.827
		TOTAL	775.875	629.765	468.121
Less	EXPENSES
		TOTAL	726.467	595.307	454.711 (Including Depreciation Expenses)
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		49.408	34.458
Less/ Add	DEPRECIATION/ AMORTISATION		7.495	6.707
	PROFIT BEFORE TAX		41.913	27.751	13.410
Less	TAX		14.350	10.185	4.478
	PROFIT AFTER TAX		27.563	17.566	8.932
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports		26.445	22.235	27.776
	Royalty Income		0.170	4.384	0.000
	TOTAL EARNINGS		26.615	26.619	27.776
	Earnings Per Share (Rs.)		42.15	26.86	NA

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 flows from (used in) operations	(91.742)	(44.773)	(17.112)
Net cash flows from (used in) operating activities	(67.711)	(18.801)	(22.089)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	3.63	2.85	NA
Return on Total Assets (PBT/Total Assets}	(%)	4.42	3.69	2.35
Return on Investment (ROI) (PBT/Networth)		0.34	0.28	0.17
Debt Equity Ratio (Total Debt /Networth)		3.52	3.50	3.26
Current Ratio (Current Asset/Current Liability)		1.67	1.59	1.60

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	65.389	65.389	65.389
Reserves & Surplus	14.533	32.078	59.637
Share Application money pending allotment	0.000	0.000	0.000
Net worth	79.922	97.467	125.026
long-term borrowings	159.331	212.446	295.598
Short term borrowings	100.952	128.561	144.543
Total borrowings	260.283	341.007	440.141
Debt/Equity ratio	3.257	3.499	3.520

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	468.121	629.765	775.875
		34.530	23.201

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	468.121	629.765	775.875
Profit	8.932	17.566	27.563
	1.91%	2.79%	3.55%

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	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

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Loans and advances from others	294.981	211.081
Total	294.981	211.081

INDEX OF CHARGES

CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
10571654	08/05/2015	2,600,000.00	VOLKSWAGEN FINANCE PRIVATE LIMITED	3RD FLOOR, WING - A, SILVER UTOPIA, CARDINAL GRAC  IOUS ROAD, CHAKALA, ANDHERI, MUMBAI, MAHARASHTRA -  400099, INDIA	C54791587
10568069	28/01/2015	3,000,000.00	VOLKSWAGEN FINANCE PRIVATE LIMITED	3RD FLOOR, WING - A, SILVER UTOPIA, CARDINAL GRAC  IOUS ROAD, CHAKALA, ANDHERI, MUMBAI, MAHARASHTRA -  400099, INDIA	C53002168
10083674	28/01/2015 *	170,000,000.00	INDIAN BANK	CHANDNI CHOWK BRANCH, 309, MAIN ROAD, CHANDNI CHOWK, NEW DELHI, DELHI - 110006, INDIA	C45238789
80012985	04/03/2013 *	120,000,000.00	INDIAN BANK	CHANDINI CHOWK BRANCH, 309, MAIN ROAD, CHANDINI C  HOWK, DELHI, DELHI - 110006, INDIA	B70833405

* Date of charge modification

BUSINESS OVERVIEW

The Company earned a total income of Rs. 775.800 Million as against Rs. 629.700 Million during the previous financial year. During the year, the Company has earned a net profit of Rs. 27.500 Million after providing depreciation of Rs. 7.400 Million as compared to a net profit of Rs. 17.500 Million and depreciation of Rs.6.700 Million during the previous financial year.

NOTE

The Registered office of the company has been shifted from 4262/3, Ansari Road, Darya Ganj, New Delhi, India to the present address w.e.f. 01.12.2007

FIXED ASSETS

· Building

· Furniture and Fixtures

· Plant and Machinery

· Office Equipment

· Computer

· Vehicle

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.66.43
UK Pound	1	Rs.102.41
Euro	1	Rs.75.05

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	RAS
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	3
--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		48

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.