(i) Mr. Ashok Ramniklal Paun, aged 47 years is the Promoter and Managing Director of the Company looks in to the core matters of the Company. Having 25 years of experience for Industrial management, planning, manpower skill development planning and adopting new technology he has been undertaking activities for Nation acceptance to be Digital India. He is being thoroughly overlooking business ongoing and insights on regular basis. His contribution to the research and development aspect to bring in innovations in our products has been significant. (ii) Mr. Dipak Ramniklal Paun, aged 52 years, is the Promoter and Whole Time Director of our Company looks after pre-dispatch activities of the Company, like planning of material procurement, production and streaming of dispatch of finish goods. He has his involvement in Finance, fund flows with respect to collection as well as payment. He has also vital role in the implementation of Rules, Regulation & Policy made, which has played a major role in the operation and success of the Company. He undertakes the comprehensive ongoing of both the factories

(i) We design, manufacture and sell wide range of window covering products like Blinds, Curtain Rods and Tracks. We are one of the largest production houses of window covering industry which is producing about 810 components of different type, size and colors as per customer requirement. Our Company has carved a niche by combination of research, quality, technology and experience. Our company is one of the leading companies in India due to our quality, wide range of products, prompt services, and innovative ideas at affordable price. (ii)The traditional way of covering windows was to use curtains which didn’t give much choice as far as style was concerned. Marvel, has brought the trend of b linds in India. It has brought awareness in people that the blinds cannot be restricted for the commercial spaces but also can be used at residences. No. 11067808 on November 16, 2017 as a Private Company. (iii) WHY BLINDS • Gives complete control over the amount of light that can pass through your windows • Makes the room look bigger & consumes less space as compared to curtains • Can be accurately installed, exactly covering the window. • Can be operated both, vertically as well as horizontally. • They enable you to ensure your own privacy while when you are at home • With advance and innovative operating system, it’s safer for childre • Help reduce your utility bills. • NO human touch involved and NO washing required. • Protection from harsh UV rays & energy efficient. • More agile & resistant fabric. (iv) WHY MARVEL • Large range of Products. • 14 types of blinds and more than 900+ shades. • Largest range of 9 operating systems. • Stringent international quality standards • Affordable Prices • Uniformity in Policy. • Select, Key Channel Partners in most of the cities. • Consistent innovation and improvement driven with our in-house R&D team • Technical Support, prompt after sales service • Presence across 24 states with a network of 224+ cities • 300+ galleries & showrooms across the nation • Ultra modern manufacturing factory spread across 2 lac sq. ft. at Jamnagar, Gujarat • Dedicated & Hi-tech ERP system for smooth transitions of orders

1. Balance Sheet Snippet[ All Calculations are for FY 16-17]
(i) Shareholders’ Fund[Equity] Value	1258.91 Lakhs
(ii) Asset	3906.55 Lakhs
(iii) Liability	2647.56 Lakhs
(iv) Debt/Equity	2.10( high)
(v)  Net Worth(Asset- Liability)	1258.91 Lakhs
(vi)  RONW(PAT/Net Worth)	10%(low)

2. Profit n Loss Snippet[ last 5 years data  ]

(i) Revenue of last 5 years is growing at approx. CAGR of 6.28%. [ low growth]

(ii) Despite 6.28% growth in the revenue the PAT has shown inconsistency which is negative for the company.

(iii)Margins(PBT/Reveune): The company has low margin business which is around 4-6% in the last 5 years.

(iv) EPS= 1.66 ( post Issue)

(v)  P/E(post issue)=34(over priced)at the issue price of 57

3. Cash Flow Statement The company is not generating positive cash flows in the last 5 years which is a danger signal for any business to sustain in long term.

The company does not have any listed peers in India which are solely engaged in same type of business . Hence a strict comparison is not possible.

We are avoiding the issue as company has shown inconsistency with PAT growth and not generating sufficient cash flows to sustain in long term. The valuation also looks on expensive side. Risky investor can apply as this is completely new business to be listed publicly.

Plot No 211 GIDC Phase II, Dared Jamnagar-361004, Gujarat, India. Phone No: +91 288 2730601/602 Fax: +91 288 2730603 E-mail: info@marvellifestyle.com Website: www.marvellifestyle.com