MIRA INFORM REPORT

Report No. :	490814
Report Date :	17.02.2018

IDENTIFICATION DETAILS

Name :	CAMERA EQUIPMENTS AND CO LLP
Registered Office :	216, 2^nd Floor, Vasupujya Estate, Laxmi Nagar, Goregaon (West), Mumbai - 400104, Maharashtra
Tel. No. :	91-22-28787870
Country :	India
Financials (as on) :	Not Available
Date of Incorporation :	06.12.2016
Total Obligation of Contribution :	INR 5.000 Million
LLPIN :	AAH-9521
IEC No.:	Not Applicable [As informed by the management that firm does not have export and import]
GST No.:	27AALFC9352Q1ZL
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AALFC9352Q
Legal Form :	Limited Liability Partnership
Line of Business :	· Subject is engaged in Hiring of Broadcasting Equipment’s. [Confirmed by Management] · Subject is engaged in Providing Equipment’s on Hire in Media Industry i.e. Camera Equipment’s, Sound Equipment’s, etc. [Registered Activity]
No. of Employees :	02 (Approximately)

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Relatively New Business
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a relatively new limited liability partnership firm established in December 2016. It is engaged in hiring of broadcasting equipment. Mr. Ganesh Karan Ray (Accounts Manager) gave information about the subject to us and also claimed that the subject will commence its business operations after getting loan. Rating is constrained on account of limited business track record. No payment terms are known. In view of aforesaid, the subject can be considered for business dealings with some caution. Note: Site visit was conducted at the address which you have provided. Our executive has successfully traced the subject on the given address. At the premises, our executive Mr. Deepak Kumar Jha (Accountant) and he provided contact details – 07715087951. As per our executive’s observation, it is a 2 storey building and subject is situated on 2nd floor. Number of employees sighted at the premises were 2. Locality seems to be industrial and area appears to be neutral. Location was difficult to find and we have not sighted subject’s name board.

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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 31-03-2016.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 17.02.2018.

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

INFORMATION PARTED BY

Name :	Mr. Ganesh Karan Ray
Designation :	Accounts Manager
Contact No.:	91-9004108983
Date :	15.02.2018

LOCATIONS

Registered Office :	216, 2^nd Floor, Vasupujya Estate, Laxmi Nagar, Goregaon (West), Mumbai - 400104, Maharashtra, India
Tel. No. :	91-22-28787870/ 28711740
Mobile No.:	91-9004108983/ 8452848983 [Mr. Ganesh Karan Ray]
Fax No. :	Not Available
E-Mail :	gkray20@gmail.com cameraequipmentllp@gmail.com
Area :	595 Sq. Ft.
Location :	Owned
Locality:	Industrial [As per site visit]
Warehouse:	Office No. 7, B Wing, Divya Smruti CHS, Link Road, Malad (West), Mumbai - 400064, Maharashtra, India

PARTNERS

AS ON 31.03.2017

Name :	Mr. Sanjeev Anil Sharma
Designation :	Designated Partner
Address :	102, 1^st Floor, Suraj Asyana, 10^th Road, Khar (West), Mumbai - 400052, Maharashtra, India
Date of Birth/Age :	18.05.1968
Qualification :	Graduate
Experience :	6 Years
Date of Appointment :	22.01.2018
DPIN No.:	07900482
PAN No.:	BHKPS8227D
Aadhar No.:	237205421152
Passport No.:	J1687881
Name :	Mr. Santosh Shitla Shukla
Designation :	Designated Partner
Address :	Room No. 3/4, Golam Society, Western Express Highway, Near Times of India Press Bandongri, Karur Village, Mumbai - 400097, Maharashtra, India
Date of Birth/Age :	10.01.1969
Qualification :	Under Graduate
Experience :	5 Years
Date of Appointment :	06.12.2016
DPIN No.:	07625958
PAN No.:	BIPPS6099K
Aadhar No.:	901499624974

NOTE: As claimed by Mr. Ganesh Karan Ray [Accounts Manager] that Mr. Ravishankar Lolaraknath Gupta [Designated Partner] has retired dated 22.01.2018 and Mr. Sanjeev Anil Sharma is appointed as Designated Partner but it is not been updated in the Government Registry Records.

KEY EXECUTIVES

Name :	Mr. Ganesh Karan Ray
Designation :	Accounts Manager

CONTRIBUTION DETAILS

Names of Persons	Monetary value of contribution (INR In Million)
Sanjeev Anil Sharma	2.500
Santosh Shitla Shukla	2.500
Total	5.000

BUSINESS DETAILS

Line of Business :	· Subject is engaged in Hiring of Broadcasting Equipment’s. [Confirmed by Management] · Subject is engaged in Providing Equipment’s on Hire in Media Industry i.e. Camera Equipment’s, Sound Equipment’s, etc. [Registered Activity]
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Credit (90 Days)
Purchasing :	Credit (90 Days)

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

02 (Approximately)

Bankers :

Bank Name:	Bank of India
Branch:	Kandivali (West), Mumbai, Maharashtra, India
Name of the Person (with Designation):	Mr. Keshav Kumar (Assistant General Manager)
Contact Number:	91-22-28054794
Name of Account Holder:	CAMERA EQUIPMENT AND CO LLP
Account Number:	006220110001059
Account Since (Date/ Year of A/c Opening):	18.02.2017
Average Balance Maintained (Optional):	--
Credit Facilities Enjoyed (CC/OD/Term Loan):	Current Account
Account Operation:	--
Remarks:	--

Auditors :
Name :	Mr. Bhavesh Vithla Chartered Accountant
Address :	Kandivali (West), Mumbai, Maharashtra, India
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

Particular	INR in Million
Total Obligation of Contribution:	INR 5.000 Million

FINANCIAL DATA

[all figures are in INR Million]

NO OPERATIONS

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	Yes
5	Buyer visit details	Yes
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	Yes
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	Yes
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
22	Conduct of the banking account	--
23	Financials, if provided	No
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	No
26	Turnover of firm for last three years	No
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last three years	No
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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

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OBSERVATION POINTS

Name of Company :	CAMERA EQUIPMENTS AND CO LLP
Address :	Unit 216, 2^nd Floor, Vasopujya Estate, Laxmi Nagar, Goregaon (West), Mumbai - 400104, Maharashtra, India
Contact No.:	91-7715087951
Person to whom we met:	Mr. Deepak Kumar Jha (Accountant)
Name Board :	Not Sighted
Location:	Difficult
Total Floors of the Building :	2 Floors
Subject situated on:	2nd Floor
Locality:	Industrial
Area :	Neutral
No. of employees seen at premises:	02 (Approx.)
Proof of visit:	Photos

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COMPUTATION OF DCSR

(INR IN MILLION)

Particulars	OPERATING YEARS
	31.03.2018 [Estimated]	31.03.2019 [Projected]	31.03.2020 [Projected]	31.03.2021 [Projected]	31.03.2022 [Projected]
Net Profit after Tax	4.087	5.109	6.675	8.142	7.809
Interest	2.813	2.966	2.475	1.983	1.491
Depreciation	4.500	4.000	3.500	3.000	2.500
Net Profit (Before Tax ) before Interest & Depreciation	11.400	12.075	12.650	13.125	11.800
Repayment Obligation	--	--	--	--	--
Loan	1.788	3.576	3.576	3.576	3.576
Interest	2.813	2.966	2.475	1.983	1.491
Total	4.601	6.542	6.051	5.559	5.067
DSCR	2.48	1.85	2.09	2.36	2.33
AVRG DSCR	2.25

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

OPERATING STATEMENT

(INR IN MILLION)

Particulars	OPERATING YEARS
	31.03.2018 [Estimated]	31.03.2019 [Projected]	31.03.2020 [Projected]	31.03.2021 [Projected]	31.03.2022 [Projected]
Gross Income
l) Hire /Rent charges etc.	20.000	22.500	25.000	27.500	27.500
ii) Other reimbursement	0.000	0.000	0.000	0.000	0.000
TOTAL	20.000	22.500	25.000	27.500	27.500
Less : Excise/service tax	0.000	0.000	0.000	0.000	0.000
Net Sales(item 1 minus item 2) (See Note xix)	20.000	22.500	25.000	27.500	27.500
% age rise in net sales as compared to prev. year	0.00	12.50	11.11	10.00	0.00
COST OF SALES:
i) Raw-materials(including stores and other items used in the process of manufacture)
(a) imported	0.000	0.000	0.000	0.000	0.000
(b) Technical Services	4.000	4.500	5.000	5.500	6.000
ii) Other spares
(a) imported	0.000	0.000	0.000	0.000	0.000
(b) indigenous	0.500	0.700	0.900	1.000	1.500
iii) Power and fuel	0.100	0.125	0.150	0.175	0.200
iv) Manpower cost	1.000	1.200	1.500	2.000	2.500
v) Other operating cost	0.500	0.700	0.900	1.200	1.400
vi) Depreciation	4.500	4.000	3.500	3.000	2.500
vii) Sub-total(item i to	10.600	11.225	11.950	12.875	14.100
ix) Add: Opening stocks in process	0.000	0.000	0.000	0.000	0.000
Sub-Total	10.600	11.225	11.950	12.875	14.100
x) Deduct: Closing stocks in process	0.000	0.000	0.000	0.000	0.000
xi) Sub-Total	10.600	11.225	11.950	12.875	14.100
xii) Add: Opening stocks of finished goods	0.000	0.000	0.000	0.000	0.000
Sub-Total	10.600	11.225	11.950	12.875	14.100
xiii) Deduct: Closing stocks of finished goods	0.000	0.000	0.000	0.000	0.000
xiv) Sub-Total(Total cost of sales)	10.600	11.225	11.950	12.875	14.100
Selling, general and administrative expenses	0.700	0.700	0.900	1.000	1.100
SUB-TOTAL	11.300	11.925	12.850	13.875	15.200
Operating Profit Before Interest	8.700	10.575	12.150	13.625	12.300
Interest	2813	2.966	2.475	1.983	1.491
Operating Profit /(Loss) after Interest	5.887	7.609	9.675	11.642	10.809
Other income/expenses	0.000	0.000	0.000	0.000	0.000
Sub-Total (+/-)	0.000	0.000	0.000	0.000	0.000
Profit before tax/(Loss)	5.887	7.609	9.675	11.642	10.809
Provision for taxes	1.800	2.500	3.000	3.500	3.000
Net Profit/loss	4.087	5.109	6.675	8.142	7.809
(a) Withdrawals	0.000	0.000	0.000	0.000	0.000
Retained Profit	4.087	5.109	6.675	8.142	7.809
Retaind Profit/Net Profit	10.000	10.000	10.000	10.000	10.000

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ANALYSIS OF BALANCE SHEET

(INR IN MILLION)

Particulars	OPERATING YEARS
	31.03.2018 [Estimated]	31.03.2019 [Projected]	31.03.2020 [Projected]	31.03.2021 [Projected]	31.03.2022 [Projected]
CURRENT LIABILITIES
Short term borrowings from banks(including bills purchase and discounted and the excess borrowings placed on repayment basis)
(i) From applicant bank	0.000	0.000	0.000	0.000	0.000
(ii) From other banks	0.000	0.000	0.000	0.000	0.000
(iii) (of which BP & BD)	0.000	0.000	0.000	0.000	0.000
Sub-Total (A)	0.000	0.000	0.000	0.000	0.000
Short-term borrowings from others	0.000	0.000	0.000	0.000	0.000
Sundry Creditors(Trade)	0.200	0.200	0.300	0.400	0.400
Advance/progress payments from customers/deposits from dealers	0.000	0.000	0.000	0.000	0.000
Provision for taxation	1.800	2.500	3.000	3.500	3.000
Dividend & Corp.Div. Tax payable	0.000	0.000	0.000	0.000	0.000
Other statutory liabilities (due within one year)	0.000	0.000	0.000	0.000	0.000
Instalments of term loans/ deferred payments debentures/redeemable preference shares due within one year)	3.576	3.576	3.576	3.576	3.576
Other current liabilities and provisions(due within one year) (major items to be specified individually Expenses	0.000	0.000	0.000	0.000	0.000
Sub-Total (B)	5.576	6.276	6.876	7.476	6.976
Total Current liabilities	5.576	6.276	6.876	7.476	6.976
(Total of items 1 to 9)
TERM LIABILITIES
Debentures (not maturing	0.000	0.000	0.000	0.000	0.000
within one year)
Redeemable pref. shares(not maturing within one year, but of maturity not exceeding 12 years)	0.000	0.000	0.000	0.000	0.000
Term loans (exclusive of instalments payable within one year)	19.636	16.060	12.484	8.908	5.332
Term Deposits (repayable after one year)	0.000	0.000	0.000	0.000	0.000
Other term liabilities etc.	0.000	0.000	0.000	0.000	0.000
Total Term Liabilities	19.636	16.060	12.484	8.908	5.332
Total outside Liabilities	25.212	22.336	19.360	16.384	12.308
(item 10 plus item 17)
NET WORTH
Share Capital	5.000	5.000	5.000	5.000	5.000
General Reserve	0.000	0.000	0.000	0.000	0.000
Unsecured loans from Relatives etc.	3.500	3.500	3.500	3.500	3.500
Other reserves (excluding provisions)	0.000	0.000	0.000	0.000	0.000
Surplus(+) or deficit(-)in Profit & Loss Account	4.087	9.195	15.871	24.013	31.822
Others (specify)	0.000	0.000	0.000	0.000	0.000
NET WORTH	12.587	17.695	24.371	32.513	40.322
TOTAL LIABILITIES	37.799	40.031	43.731	48.897	52.630
ASSETS
Cash and Bank balance	0.148	0.280	0.380	0.546	0.479
Investments (other than long term investments)
(i) ICD/FD	0.000	0.000	0.000	0.000	0.000
(ii) Term deposits ag. FD	0.000	0.000	0.000	0.000	0.000
(i) Receivables other than deferred and export receivables (including bills purchased and discounted by bankers)	7.000	7.000	8.000	9.000	10.000
(ii) Export receivables (including bills purchased and discounted by bankers)	0.000	0.000	0.000	0.000	0.000
Instalments of deferred receivables (due within one year)	0.000	0.000	0.000	0.000	0.000
Inventory :
(i) Raw materials (including stores & other items used in process of manufac.)
(a) Imported	0.000	0.000	0.000	0.000	0.000
(b) Indigenous	0.000	0.000	0.000	0.000	0.000
(including packing material Packing material)
(ii) Stocks-in-process	0.000	0.000	0.000	0.000	0.000
(iii) Finished goods	0.000	0.000	0.000	0.000	0.000
(iv) Other consumables
a) Imported	0.000	0.000	0.000	0.000	0.000
b) Indegenous	0.000	0.000	4.000	4.500	5.000
Advances to suppliers	0.000	0.000	0.000	0.000	0.000
Advance payment of taxes	1.800	3.700	4.200	5.000	4.800
Other current assets	0.000	0.200	0.300	0.500	1.500
Deposit	0.000	4.000	5.500	6.500	6.500
TOTAL CURRENT ASSETS	8.948	15.180	22.380	26.046	28.279
FIXED ASSETS
Gross block (land and(building, machinery, constr. in progress etc.) construction-in-progress, etc.)	33.351	33.351	33.351	33.351	33.351
Depreciation to Date	4.500	8.500	12.000	15.000	17.500
Net block (item 35-36)	28.851	24.851	21.351	18.351	15.851
OTHER NON-CURRENT ASSETS
Investments/Book debts/advances / deposits which are not current assets
(i) (a) Investments in subsidiary companies /affiliates	0.000	0.000	0.000	0.000	0.000
(b) Other Deposits	0.000	0.000	0.000	0.000	0.000
(c) Others	0.000	0.000	0.000	0.000	0.000
(ii) Advances to suppliers	0.000	0.000	0.000	0.000	0.000
of capital goods/ spares and
contractors for capital expenditure
(iii) Upgradation Reserves(other than those maturing within one year)	0.000	0.000	0.000	4.500	8.500
Non-consumable stores and spares	--	--	--	--	--
Other miscellaneous assets including dues from directors	0.000	0.000	0.000	0.000	0.000
TOTAL OTHER NON-CUR ASSETS	0.000	0.000	0.000	4.500	8.500
Intangible Assets (Patents. Goodwill, Preliminary & formation expenses, bad & doubtful debts not provided for, etc.)	0.000	0.000	0.000	0.000	0.000
TOTAL ASSETS	37.799	40.031	43.731	48.897	52.630
TANGIBLE NETWORTH (24-42)	12.587	17.695	24.371	32.513	40.322
NET WORKING CAPITAL	3.372	8.904	15.504	18.570	21.303
Current Ratio	1.60	2.42	3.25	3.48	4.05
Total Outside Liabilities/ Tangible Net Worth	2.00	1.26	0.79	0.50	0.31
Total Term Liabilities/ Tangible Net Worth	1.56	0.91	0.51	0.27	0.13
Net Sales / Total Tangible Assets	0.053	0.056	0.057	0.056	0.052
Return on Assets (PBT/Total Tangible Assets)	0.016	0.019	0.022	0.024	0.021
Operating Costs/Sales	0.012	0.012	0.014	0.016	0.019
Bank Finance /Current Assets	0.000	0.000	0.000	0.000	0.000
Inventory & Receivables / Sales	0.035	0.031	0.048	0.049	0.055
IRR	5.887	7.609	9.675	11.642	10.809
NET WORKING	--
TOTAL LIABILITIES	37.799	40.031	43.731	48.897	52.630
TOTAL ASSETS	37.799	40.031	43.731	48.897	52.630

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FUNDS FLOW STATEMENT

(INR IN MILLION)

PARTICULARS	OPERATING YEARS
	31.03.2018 [Estimated]	31.03.2019 [Projected]	31.03.2020 [Projected]	31.03.2021 [Projected]	31.03.2022 [Projected]
S O U R C E S
Profit before tax	5.887	7.609	9.675	11.642	10.809
(item 10 part A of Form II)
Add : Depreciation	4.500	4.000	3.500	3.000	2.500
(item 4 (vii) of part of Form II)
Gross funds generated	10.387	11.609	13.175	14.642	13.309
Less : taxes paid/payable (relating to the year)	1.800	2.500	3.000	3.500	3.000
Less : Withdrawals(relating to the year)	0.000	0.000	0.000	0.000	0.000
A. Sub-Total - Net funds generated	8.587	9.109	10.175	11.142	10.309
`
Increase in capital	5.000	0.000	0.000	0.000	0.000
Increase in Quasi capital	3.500	0.000	0.000	0.000	0.000
Decrease in Fixed Assets	0.000	0.000	0.000	0.000	0.000
Decrease in In Tangible Assets	0.000	0.000	0.000	0.000	0.000
Increase in term loans/Debentures	25.000	0.000	0.000	0.000	0.000
Increase in Public Deposits	0.000	0.000	0.000	0.000	0.000
B. Sub-Total	33.500	0.000	0.000	0.000	0.000
Increase in short term bank borrowings(including bills purchased and discounted by bankers)	0.000	0.000	0.000	0.000	0.000
Increase in current liabilities cap. crs.	2.000	0.700	0.600	0.600	0.000
Increase in other current liabilities	0.000	0.000	0.000	0.000	0.000
Decrease in Inventory	0.000	0.000	0.000	0.000	0.000
Decrease in receivables (including bills purchased and discounted by bankers)	0.000	0.000	0.000	0.000	0.000
Decrease in other current assets (including cash and bank balances)	0.000	0.000	0.000	0.000	0.000
Decrease in other non-current Assets	0.000	0.000	0.000	0.000	0.000
C. Sub-Total	2.000	0.700	0.600	0.600	0.000
TOTAL FUNDS AVAILABLE (A + B + C)	44.087	9.809	10.775	11.742	10.309
USES
Increase in fixed assets	33.351	0.000	0.000	0.000	0.000
Decrease in term loan/Debentures	1.788	3.576	3.575	3.577	3.575
Decrease in public deposits	0.000	0.000	0.000	0.000	0.000
Increase in Intangible Assets etc.	0.000	0.000	0.000	0.000	0.000
(share issue expenses)
Increase in other non-current assets	0.000	0.000	0.000	4.500	4.000
D. Sub-Total	35.139	3.576	3.575	8.077	7.575
Decrease in short term bank borrowings(including bills purchased and discounted by bankers)	0.000	0.000	0.000	0.000	0.000
Decrease in current liabilities	0.000	0.000	0.000	0.000	0.500
Decrease in other Current Liabilities	0.000	0.000	0.000	0.000	0.000
Increase in Inventory	0.000	0.000	4.000	0.500	0.500
Increase in receivables (including bills purchased and discounted by bankers)	7.000	0.000	1.000	1.000	1.000
Increase in other current assets (including cash and bank balances)	1.948	6233	2.200	2.165	0.734
E. Sub-Total	8.948	6.233	7.200	3.665	.2734
SUMMARY
Long term sources (A + B)	42.087	9.109	10.175	11.142	10.309
Long term uses ( D )	35.139	3.576	3.575	8.077	7.575
Surplus[+]/Short fall(-)	6.948	5.533	6.600	3.065	2.734
Short term sources ( C )	2.000	0.700	0.600	0.600	0.000
Less short term uses (E)	8.948	6.233	7.200	3.665	2.734
Surplus [+] / Short fall [-]	(6.948)	(5.533)	(6.600)	(3.065)	(2.734)

------------------------------------------------------------------------------------------------------------------------------

COMPARATIVE STATEMENT OF CURRENT ASSETS & LIABILITIES

(INR IN MILLION)

PARTICULARS	OPERATING YEARS
	31.03.2018 [Estimated]	31.03.2019 [Projected]	31.03.2020 [Projected]	31.03.2021 [Projected]	31.03.2022 [Projected]
CURRENT ASSETS
Raw materials (including stores & other items used in the process of manufacture)
(a) Imported	0.000	0.000	0.000	0.000	0.000
(months' consumption)	0.00	0.00	0.00	0.00	0.00
(b) Indigenous	0.000	0.000	0.000	0.000	0.000
(months' consumption)	0.00	0.00	0.00	0.00	0.00
Other consumable spares excluding those included under item (i)	0.000	0.000	0.000	0.000	0.000
(% of total inventory and months' consumption)	0.00%	0.00%	100.00%	100.00%	100.00%
Stocks-in-process	0.000	0.000	0.000	0.000	0.000
(months' cost of production)	0.00	0.00	0.00	0.00	0.00
Finished Goods	0.000	0.000	0.000	0.000	0.000
(months' cost of sales)	0.00	0.00	0.00	0.00	0.00
Receivables other than export and deferred receivables (including bills purchased and discounted by bankers)	7.000	7.000	8.000	9.000	10.000
(months' domestic sales excluding deferred payment sales)	4.20	3.73	3.84	3.93	4.36
Export receivables (including bills purchased and discounted by bankers)	0.000	0.000	0.000	0.000	0.000
(months' export sales)	0.00	0.00	0.00	0.00	0.00
Advances to suppliers of raw materials etc.	0.000	0.000	0.000	0.000	0.000
Other current assets	1.948	7.980	10.080	12.046	11.779
Including cash and bank balances and deferred receivables due within year (major items to be specified individually)
Total Current Assets	8.948	14.980	22.080	25.546	26.779
(to agree with item 34 in Form IIIA)
CURRENT LIABILITIES
Creditors for purchases of raw materials & stores and consumable spares	0.200	0.200	0.300	0.400	0.400
(months' purchases)	0.044	0.037	0.049	0.056	0.048
Advances from customers	0.000	0.000	0.000	0.000	0.000
Accrued expenses	0.000	0.000	0.000	0.000	0.000
Statutory Liabilities	0.000	0.000	0.000	0.000	0.000
Other current liabilities	1.800	2.500	3.000	3.500	3.000
(major items to be specified individually)
Sub-Total (to agree with	2.000	2.700	3.300	3.900	3.400
Working capital gap	6.948	12.280	18.780	21.646	23.379
Actual/projected bank borrowings for working capital (including bills purchased and discounted and excess borrowings placed on repayment basis)	0.000	0.000	0.000	0.000	0.000
Total current liabilities	2.000	2.700	3.300	3.900	3.400
Net working capital	6.948	12.280	18.780	21.646	23.379

------------------------------------------------------------------------------------------------------------------------------

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

(INR IN MILLION)

PARTICULARS	OPERATING YEARS
	31.03.2018 [Estimated]	31.03.2019 [Projected]	31.03.2020 [Projected]	31.03.2021 [Projected]	31.03.2022 [Projected]
Working Capital Gap	69.48	122.80	187.80	216.46	233.79
Minimum stipulated net working capital (25% of item 1)	17.37	30.70	46.95	54.12	58.45
Actual/projected net working capital (item VI of Part B)	69.48	122.80	187.80	216.46	233.79
Item 1 minus item 2 in net working capital)to	52.11	92.10	140.85	162.35	175.34
Item 1 minus item 3 capital term loan (item 2)	0.00	0.00	0.00	0.00	0.00
Maximum permissible bank finance (item 4 or item 5 whichever is lower)	0.00	0.00	0.00	0.00	0.00
Excess borrowings (representing shortfall in net working capital) to be converted into working 'capital term loan(item 2 minus item 3)	0.00	0.00	0.00	0.00	0.00
Current Assets
2nd method of lending (See Note XV)
Working capital gap	6.948	12.280	18.780	21.646	23.379
(Item III of Part B)
Minimum stipulated working capital (25% of total current assets i.e. item I of Part B (Excl. Export Receivables)	2.237	3.795	5.595	6.512	7.070
Actual/projected net working capital (item VI of Part B)	6.948	12.280	18.780	21.646	23.379
Item 8 minus Item 9	4.711	8.485	13.185	15.135	16.309
Item 8 minus Item 10	0.000	0.000	0.000	0.000	0.000
Maximum permissible bank finance (item 11 or item 12 whichever is lower)	0.000	0.000	0.000	0.000	0.000
Excess borrowings (representing shortfall in net working capital) (item 9 minus item 10)	0.000	0.000	0.000	0.000	0.000

------------------------------------------------------------------------------------------------------------------------------

FINANCIAL INDICATORS

(INR IN MILLION)

PARTICULARS	OPERATING YEARS
	31.03.2018 [Estimated]	31.03.2019 [Projected]	31.03.2020 [Projected]	31.03.2021 [Projected]	31.03.2022 [Projected]
Capital	5.000	5.000	5.000	5.000	5.000
Security Premium	--	--	--	--	--
Share Application Money	0.000	0.000	0.000	0.000	0.000
Unsecured loans	0.035	0.035	0.035	0.035	0.035
Reserves & surplus	4.087	9.195	15.871	24.013	31.822
Tangible net worth	9.087	14.195	20.871	29.013	36.822
Investment in cos (Of which in group cos)
Adjusted TNW	12.587	17.695	24.371	32.513	40.322
Term Liabilities	19.636	16.060	12.484	8.908	5.332
Capital Employed	32.223	33.755	36.855	41.421	45.654
Net Block	28.851	13.851	12.151	10.651	10.651
Net sales :	20.000	22.500	25.000	27.500	27.500
Other Income	--	--	--	--	--
EBIDTA	13.200	14.575	15.650	16.625	14.800
Interest	2.813	2.966	2.475	1.983	1.491
Taxes	0.018	0.025	0.030	0.035	0.030
Cash Accruals	8.587	9.109	10.175	11.142	10.309
Depreciation	0.045	0.040	0.035	0.030	0.025
Net Profit/(Loss)	4.087	5.109	6.675	8.142	7.809
Current Assets	8.948	15.180	22.380	26.046	28.279
Current Liabilities	5.576	6.276	6.876	7.476	6.976
RATIOS :
Current ratio	1.60	2.42	3.25	3.48	4.05
Debt/Equity :	2.16	1.13	0.60	0.31	0.14
Term liab./ TNW	2.16097537	1.13135466	0.5981561	0.3070354	0.14480562
TOL/TNW	2.78	1.58	0.93	0.57	0.33
DSCR	2.48	1.85	2.09	2.36	2.33
TOL/ Adjusted TNW	1.49	0.76	0.66	0.41	--
TOL/Quasi Equity	-	7.37	7.7	5.43	--
Profitability%: PAT/Net Sales	0.20	0.23	0.27	0.30	0.28
Interest Coverage	4.69	4.91	6.32	8.38	9.93
Inventory+Receivables/ Sales (%)	0.45	0.67	0.90	0.95	1.03

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NETWORTH STATEMENT

MR. SANJEEV ANIL SHARMA

(INR IN MILLION)

Particulars	31.03.2017
Immovable Assets
Res. Property at Khar	16.430	16.430
Movable Assets
Equipment’s	4.196
Car	1.357
	----------	5.553
Investments	1.973
PPF	0.647	2.620
Other Assets
Loans & Advances	1.956
Sundry Debtors	3.125
Cash In hand	0.344
Bank Accounts	0.345
	----------	5.770
		----------
TOTAL ASSETS		30.373
Less: Liabilities
Secured Loans	13.002
Lap & Top Up	----------	13.002
Unsecured Loans	12.900
	----------	12.900
Other Current Liabilities	0.515
	----------	0.515
		----------
TOTAL LIABILITIES		26.417
		----------
NET WORTH		3.656

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. SANTOSH SHITLA SHUKLA

(INR IN MILLION)

Particulars	31.03.2017
Movable Assets
Equipment’s	0.621
Jewellery	0.382	1.003
	----------
Investments	2.500
	----------	2.500
Other Assets
Loans & Advances	0.654
	----------	0.654
		----------
TOTAL ASSETS		4.157
Less: Liabilities
Unsecured Loans	2.500
	----------	2.500
Other Current Liabilities	0.182
	----------	0.182
		----------
TOTAL LIABILITIES		2.682
		----------
NET WORTH		1.475

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COMPANY PROFILE

Subject was formed with object to provide on lease/ hire all type of media production equipment like High Definition cameras, lights, etc. for shooting, post predication facility like editing, sound recording, dubbing, and in house facilities for television software, ad films and to technical assistance, and all allied services in the field of cine production

.

The promoter is in this line of business since the year 2012 when he started his career by working as an employee of Mediawork Equipment Pvt. Ltd. Under his employment he gained in depth knowledge of leasing & Hiring of Broadcasting Equipment’s. He also had an opportunity of developing good contacts with production houses who require broadcasting equipment’s.

In the year 2015, Shei Santosh Shukla started his own business from his own funds of leasing & hiring of Cameras and Lenses on a very small scale. Today he has proved himself for successfully running his business for past 3 years & He is young and energetic person having an experience of more than 7 years in media industry. He is running business of hiring of camera equipment under his proprietorship concern since 7 years

Project Highlights:

With all infrastructures for television and films related production activities, Company would be the major player catering to all the shooting requirement of bollywood and media andentertainment industry at one place in Mumbai.

Company has location advantage at goregaon west compared to others in Mumbai as it is easily accessible for most of the technician crew, studios, and post-production houses who are mainly located between Andheri & Borivali.

The company would be able to cater non-fiction (Reality) shows, Fiction shows, films, Ad films on long term basis and this would ensure stable revenue source for the company.

The real time experience and availability of all television and films related production related facilities will attract more clients who are into films & television production activities.

About Production and Media Industry

Most of TV Production houses always prefer to concentrate on their core activities and outsource the equipments for their shootings instead of purchasing their own cameras which will be high investment for their own. The producers will be also flexible in their choice while outsourcing of the services which is normally depended upon their event or production budget. In Mumbai, their Firm has developed goodwill in providing of all these services under one umbrella. The same has accredited and applauded by the renowned channel partners and productions houses. Their affluent treatment to all their customers always built-up a confident and stability in their activities. Thus their broad and renowned clienteles and exploring new opportunities in similar activities are our major strengths. Market for Indian Entertainment and Media industry front

The Indian Entertainment and Media industry is projected to grow by 11 percent compounded annually over the next decade, well above the global average growth of 2.7 percent compounded annually. Excerpts from a report published by Price water house coopers.

Digitalization Initiatives: The CAS (Conditional Access System) rollout is underway in the metros. In the quarter ending December 31,2014, the STB (Set Top Box) number is 767616 in the CAS notified areas of Delhi, Mumbai,

Kolkata, and Chennai. 19exclusive music video channel on mobile TV. Rediff.com has gone live with its third-party applications on its video and music platform.

Indian Entertainment and media: The contradictions within leading consumers

· Over 1,000 movies released annually (largest in the world)

· 3.2 billion movie ticket sold annually (largest in the world)

· 80 million pay-TV homes (third largest in the world)

· 119 million television households

· 450 television channels

· Over 300 million mobile subscribers (second largest in the world)

· Over 350 radio stations

· 6,000 newspapers published, including the world’s largest circulated daily

· 10,000 music tracks released annually

India is among the largest media consuming and content creating industries. Despite this exciting profile of the Indian E&M industry, it constitutes only around 1 percent of the global industry. Deposit these constraints, India E&M industry is expected to consolidate its position in the global E&M space

------------------------------------------------------------------------------------------------------------------------------

VALUATION REPORT

(GENERAL DETAILS)

Name of the Owners	Mr. Sanjeev Anil Sharma and Mrs. Kajal Sanjeev Sharma
Date on which the valuation is made	22.01.2018
Location, street, ward no.	Flat No. 102, 1^st Floor, Suraj Ashiana CHSL, 10^th Road, Khar West, Mumbai - 400052, Maharashtra, India

Fair Market Value	INR 55.026 Million
Realizable Value	INR 49.523 Million
Distress Value	INR 44.021 Million
Government Value	INR 31.221 Million
Insurance Value	INR 2.123 Million

------------------------------------------------------------------------------------------------------------------------------

INDEX OF CHARGES: NO CHARGES EXISTS FOR COMPANY

------------------------------------------------------------------------------------------------------------------------------

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 records 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	INR
US Dollar	1	INR 63.91
UK Pound	1	INR 90.31
Euro	1	INR 80.17

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	PRY
Report Prepared by :	ARC

SCORE FACTORS

DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.