COMPANY INFORMATION Full name Lava International Ltd

Legal Address 1466 Sector B Pocket 1, Vasant Kunj, ; Delhi; Delhi; 110070

Status: Non-Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: SR Batliboi & Associates (2012)

COMPANY DESCRIPTION LAVA International Ltd. designs and develops mobile phone sets. The company offers dual SIM, GSM, and single SIM CDMA phones; GPRS/WAP speaker dual SIM phones; dual SIM GSM and CDMA, and GSM and GSM phones; and dual SIM camera phones. It markets products through a network of dealers in India. The company was incorporated in 2009 and is based in Noida, India. COMPANY ANALYSIS According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 134.14%, from INR 310.64 tens of millions to INR 727.34 tens of millions. Operating result increased from INR 40.16 tens of millions to INR 50.29 tens of millions which means 25.22% change. The results of the period increased 23.07% reaching INR 30.03 tens of millions at the end of the period against INR 24.4 tens of millions last year. Return on equity (Net income/Total equity) went from 83.11% to 51.39%, the Return On Asset (Net income / Total Asset) went from 59.45% to 43.45% and the Net Profit Margin (Net Income/Net Sales) went from 7.85% to 4.13% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 118.30% compared to 139.78% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.57 to 1.57 when compared to the previous year. KEY EXECUTIVES

SN Rai

Director

Key Executives For LAVA International Limited

Mr. Hari Om Rai

Co-Founder and Director

Mr. Sunil Bhalla

Co-Founder and Director

Mr. Shailendra Nath Rai

Co-Founder and Director

Mr. Vishal Sehgal

Co-Founder and Director Age: 44

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Telecom Awards -LAVA International Ltd. awarded as "Fastest Growing Mobile Phone Indian Brand" in 5th National Telecom Awards 2011
New Delhi, 17 May, 2011 LAVA Mobile, one of the fast growing brands in Indian mobile industry, has been awarded as Fastest Growing Mobile Phone Indian Brand by CMAI (Communications Multimedia and Infrastructure) Association of India during National Telecom Awards ceremony 2011. This award ceremony was organized by CMAI, an apex non-profit trade promotion organization based in India. LAVA received this prestigious award for its significant contribution to the Indian Mobile industry. On the occasion Mr. SN Rai- Co founder and Director, LAVA International Limited said, Its a praiseworthy recognition for our brand and we are thankful to CMAI for conferring us with this award The core philosophy of our brand is to empower people with mobile devices that fulfill unmet needs of Indian consumers. In a short span of time LAVA has achieved fast growth through strong customer understanding and providing relevant and superior quality products and services to its customers. Added Mr. Rai. LAVA has many unique customer focused innovations to its credit. Be it its unique Sales & Service Distribution model, its product innovations like Alpha keypad or latest technology based products like IPS screen etc are some of the examples of LAVAs customer centric approach of the company to serve customers. - end -

Telecom Awards -LAVA Mobiles bags Corporate Excellence Award for fastest growing Telecommunication Company
New Delhi, 24 February, 2011 LAVA Mobiles, one of the leading brand in Indian mobile industry, has been awarded Corporate Excellence Award for being the fastest growing Telecommunication Company in India by Amity University.. Amity Corporate Excellence Awards is the Asias largest three day international Business Summit and Research Conference where 13 most coveted Corporate are awarded the Excellence Awards. On behalf of the company, Mr. S N Rai LAVA International received the award. Speaking on the occasion Mr. S N Rai, LAVA International, said, we are thankful to Amity for giving us the honor. This award is the result of our commitment to come up with consumer insight driven innovation and adding value to consumer. LAVA started its operation only 20 months back and is rapidly growing its market share Get the power in your hand- with this motto as the guiding principle, Lava embarked on an ambitious journey to empower people with innovative products. Today the brand is proud of having a wide range of handsets in its portfolio. The company has already expanded its operation in all the states of India. Today LAVA boasts of a network of 1,000 distributors and presence in 50,000 retail counters. With a focus on Leadership Challenges in Creating and Leading New Generation Innovative Organizations Amity International Business School instituted INBUSH (International Business Horizon) 2011 to honor those Indian companies who have exceptionally done well and served the society at its best. - end -

Lava Mobile - the first to incorporate rupee symbol in mobile handset

New Delhi, 17 August, 2010 Lava Mobile, one of the leading mobile brands in India is proud to be the first handset brand to incorporate Rupee Symbol in mobile phones. It is a matter of pride for India to be the fifth nation having a currency symbol of its own. Lava, always a leader in consumer insight driven innovations ensured that the Indians did not have to wait too long to have it on their mobile phone keypad. Lava B5, the latest model from Lava bears the rupee symbol in its keypad. Incidentally B5 is also the first phone with worlds first Alpha keypad with keys arranged in ABCD order. There was a lot of discussions regarding the time period required to incorporate the symbol in computer or mobile keypad. The estimated time varied from 6 months to two years. We took this as challenge to ensure that Indians can type symbol long before than the anticipated time. Around the occasion of Independence day announcing the incorporation of symbol in the mobile keypad will be a tribute from Lava family to the entire nation. The currency symbol on the keypad of their mobiles will make millions of Indian proud. We are happy to be the catalysts of spreading this spirit. Said Mr. S.N Rai- Co Founder and Director, Lava Mobile. This may not be a technological breakthrough for Lava but this definitely is a testimony of the passion to provide value to the user by adopting new concepts. It also shows their commitments to adopt new design, technology and innovation in the shortest possible time. - end -