MIRA INFORM REPORT

Report Date :

19.10.2011

IDENTIFICATION DETAILS

Name :	SURANI VITRIFIED PRIVATE LIMITED
Registered Office :	8-A, National Highway, At Bhayati Jambudiya, Taluka Wankaner, District Rajkot, Wankaner – 363 621, Gujarat
Country :	India
Date of Incorporation :	16.07.2010
Com. Reg. No.:	061644
Capital Investment / Paid-up Capital :	Rs.59.540 millions
CIN No.: [Company Identification No.]	U26933GJ2010PTC061644
TAN No.: [Tax Deduction & Collection Account No.]	RKTS07846G
PAN No.: [Permanent Account No.]	AAOCS5082P
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing of Vitrified Tiles, Glaze Vitrified Tiles, Ceramic Tiles, Floor Tiles.
No. of Employees :	6 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Status :	New Company
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a relatively new company and yet to establish itself gradually. The company has started its business activities recently in October 2011. Payments are unknown. The company can be considered for business dealings on a 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.

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INFORMATION PARTED BY

Name :	Mr. Hiralal Patel
Designation :	Director
Contact No.:	91-9879207505
Date :	14.10.2011

LOCATIONS

Registered Office/Factory :	8-A, National Highway, At Bhayati Jambudiya, Taluka Wankaner, District Rajkot, Wankaner – 363 621, Gujarat, India
Tel. No.:	Not Available
Mobile No.:	91-9879207505 (Mr. Hiralal Patel)
Fax No.:	Not Available
E-Mail :	surani_vitrified@yahoo.com
Location :	Owned

DIRECTORS

Name :

Mr. Hira Lal Patel

Designation :

Director

Address :

Khamarchandi Chowdhuripara, Mouja-Khamarchandi, J.L. No.7, Harilal Ashutosh Haripal, Hooghly – 712 405, West Bengal, India

Date of Birth/Age :

19.03.1974

Date of Appointment :

01.09.2010

DIN No. :

01770866

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U26940WB2008PTC121556	Unitech Cement Private Limited	Director	09-01-08	09-01-08	Active	NO
2	U26933GJ2010PTC061644	Surani Vitrified Private Limited	Director	01-09-10	01-09-10	Active	NO

Name :

Mr. Ratanshibhai Devjibhai Patel

Designation :

Director

Address :

C/o. Shankar Timber Company, 7, Lati Plot, District Rajkot, Morbi – 363 641, Gujarat, India

DIN No.:

02673579

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U63020GJ1993PTC019984	Jay Ambe Himghar Private Limited	Director	30-09-09	01-07-09	Active	NO
2	U26933GJ2010PTC061644	Surani Vitrified Private Limited	Director	16-07-10	16-07-10	Active	NO

Name :

Mr. Premjibhai Kesarbhai Patel

Designation :

Director

Address :

Near Shivnagar Primary School, Deesa – 385 535, Gujarat, India

Date of Birth/Age :

17.07.1961

DIN No.:

00316732

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U01407GJ1997PTC032869	Arzoo Agritech Private Limited	Director	01-08-98	01-08-98	Active	NO
2	U26933GJ2010PTC061644	Surani Vitrified Private Limited	Director	16-07-10	16-07-10	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

Names of Shareholders	No. of Shares
Premjibhai Kesarbhai Patel	5000
Ratanshibhai Devjibhai Patel	5000
Total	10000

List of Allotment (As on 05.05.2011)

Names of Allottees	No. of Shares
Hiralal Patel	210000
Iswarlal Patel	180000
Chandrika Patel	175000
Rashila Patel	150000
Hasmukhbhai N Patel	150000
Lataben H Patel	35000
Ratanshi D Patel	112500
Rashik R Patel	182500
Amrut R Patel	180000
Dhiraj R Patel	120000
Gangarambhai Keshrabhai Patel	120000
Bharatiben Gangarambhai Patel	120000
Tulshibhai Ratanshibhai Patel	180000
Bhawatiben Tulshibhai Patel	180000
Shitalben V Patel	150000
Jyotiben P Patel	90000
Premjibhai Keshrabhai Patel	81500
Kamlaben Premjibhai Patel	213500
Vastaram K Patel	480000
Jayesh Shantilal Bavarva	39000
Bakul Shantilal Babarva	195000
Shantilal O Bavarva	20000
Kajal R Shettar	120000
Nikunjkumar Vishnubhai Patel	195000
Vishnubhai Vithaldas Patel	150000
Ketan Mathurbhai Patel	150000
Mathurdas Vithalbhai Patel	90000
Bhavesh D Patel	165000
Subhadraben P Patel	150000
Pankaj P Patel	180000
Manjulaben P Patel	120000
Tarunbhai P Patel	200000
Dayarambhai R Patel	320000
Damyantiben Dayarambhai Patel	220000
Meenaben Tarunbhai Patel	185000
Satishbhai B Patel	130000
Bhavanjibhai R Divani	135000
Hiralal R Divani	70000
Total	5944000

BUSINESS DETAILS

Line of Business :	Manufacturing of Vitrified Tiles, Glaze Vitrified Tiles, Ceramic Tiles, Floor Tiles.
Products :	· Vitrified Tiles · Glaze Vitrified Tiles (GVT) · Ceramic Tiles · Wall Times · Floor Tiles, etc.
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :	End Users
No. of Employees :	6 (Approximately)
Bankers :	The Cosmos C-Operative Bank Limited Cosmos Bank House, Opposite Income Tax Office, Ashram Road, Ahmedabad – 380 009, Gujarat, India

Banking Relations :	--
Auditors :
Name :	N P Adiyal and Company Chartered Accountant

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
6250000	Equity Shares	Rs.10/- each	Rs.62.500 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5954000	Equity Shares	Rs.10/- each	Rs.59.540 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

NEW COMPANY

Note : Business activity has started in this month i.e. October 2011.

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents
1.	Year of Establishment	YES
2.	Locality of the firm	YES
3.	Constitutions of the firm	YES
4.	Premises details	YES
5.	Type of Business	YES
6.	Line of Business	YES
7.	Promoter’s background	--
8.	No. of employees	YES
9.	Name of person contacted	YES
10.	Designation of contact person	YES
11.	Turnover of firm for last three years	NO
12.	Profitability for last three years	NO
13.	Reasons for variations <> 20%	NO
14.	Estimation for coming financial year	NO
15.	Capital in the business	NO
16.	Details of sister concerns	NO
17.	Major Suppliers	NO
18.	Major Customers	NO
19.	Payment terms	YES
20.	Export / Import details (is applicable)	--
21.	Market information	--
22.	Litigation that the firm / promoter involved in	--
23.	Banking Details	YES
24.	Banking facility details	NO
25.	Conduct of the banking account	--
26.	Buyer visit details	--
27.	Financials, if provided	NO
28.	Incorporation details, if applicable	--
29.	Last accounts filed at ROC	--
30.	Major Shareholders, is available	--

NOTE

The Registered Office of the company has been shifted from S. No. 63p1, Near Krishna Petroleum, Bhayati Jambudiya, Taluka Wankaner – 363 642, Gujarat, India to the present address.

FORM 8

Corporate identity number of the company	U26933GJ2010PTC061644
Name of the company	SURANI VITRIFIED PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	S. No. 63p1, Near Krishna Petroleum, Bhayati Jambudiya, Taluka Wankaner – 363 642, Gujarat, India
This form is for	Creation of charge
Type of charge	· Immovable property · Book debts · Movable property (not being pledge) · Floating charge · Others o Machinery and Stocks
Particular of charge holder	The Cosmos C-Operative Bank Limited Cosmos Bank House, Opposite Income Tax Office, Ashram Road, Ahmedabad – 380 009, Gujarat, India
Nature of instrument creating charge	i) Deed of Hypo. of Stocks, Book-debts and Machinery, ii) Legal Mortgage.
Date of instrument Creating the charge	08.02.2011
Amount secured by the charge	Rs.216.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest CC : 11.50 % p.a. TL : 12.00 % p.a. Terms of Repayment CC and BG : On demand Term loan : 72 Months + 12 Months Moratorium period Margin 25 % : CC and TL 20 % : BG Extent and Operation of the charge First charge of the Cosmos Co-Operative Bank Limited
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of all stocks including r/m, semi-finished and finished goods, book-debts, all current assets, all plant and machineries, present and future EM of land Situated at R. S. No. 63/Paiki/1, 64 and 84, Mouje Bhayati Jambudia, Tal : Wankaner, Dist: Rajkot

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.49.14
UK Pound	1	Rs.77.58
Euro	1	Rs.67.58

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.