MIRA INFORM REPORT

Report Date :

20.09.2011

IDENTIFICATION DETAILS

Name :	ILASAKAA INTERNATIONAL PRIVATE LIMITED
Registered Office :	426, 4th Floor, Ring Road Mall, Plot No. 21, Mangalam Place, Sector-3, Rohini, New Delhi 110085
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	03.01.2008
Com. Reg. No.:	172209
Capital Investment / Paid-up Capital :	Rs.0.100 million
CIN No.: [Company Identification No.]	U36912DL2008PTC172209
TAN No.: [Tax Deduction & Collection Account No.]	DELI06784B
PAN No.: [Permanent Account No.]	AABCI8071P
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Trader of Steel Equipments
No. of Employees :	27 Approximately

RATING & COMMENTS

MIRA’s Rating :

B (28)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 79176
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appears huge dip in the turnover of the company. However, trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some cautions.

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 – April 1, 2010

Country Name	Previous Rating (31.12.2009)	Current Rating (01.04.2010)
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. Shashank
Designation :	Manager
Contact No.:	91-11-45635717
Date :	14.09.2011

LOCATIONS

Registered Office/Factory :	426, 4th Floor, Ring Road Mall, Plot No. 21, Mangalam Place, Sector-3, Rohini, New Delhi 110085, India
Tel. No.:	91-11-45035717
Fax No.:	91-11-45035715
E-Mail :	info@ilasakaa.com
Website :	www.ilasakaa.com

DIRECTORS

AS ON 30.09.2010

Name :	Mr. Ashok Kumar Jain
Designation :	Director
Date of Birth/Age :	03.12.1961
Date of Appointment :	03.01.2008
DIN No.:	00157815

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74899DL1990PTC041087	Upaj Leasing And Finance Company Private Limited	Director	27/02/1997	27/02/1997	-	Active	YES
2	U40107DL2007PLC163761	Tirupathi Bio Energy Limited	Director	22/05/2007	22/05/2007	-	Active	NO
3	U36912DL2008PTC172209	Ilasakaa International Private Limited.	Director	03/01/2008	03/01/2008	-	Active	NO
4	U27100DL2009PLC186633	Ilasakaa Steels Limited	Director	13/01/2009	13/01/2009	-	Active	NO

Name :	Mrs. Ashwani Sharma
Designation :	Director
Date of Birth/Age :	09.07.1958
Date of Appointment :	03.01.2008
DIN No.:	01805245

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U36912DL2008PTC172209	Ilasakaa International Private Limited.	Managing director	03/01/2008	03/01/2008	-	Active	NO
2	U27100DL2009PLC186633	Ilasakaa Steels Limited	Managing director	28/02/2009	13/01/2009	-	Active	NO

Name :	Mr. Parveen Sharma
Designation :	Director
Date of Birth/Age :	15.11.1960
Date of Appointment :	28.01.2008
DIN No.:	02039536

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U36912DL2008PTC172209	Ilasakaa International Private Limited.	Director	28/01/2008	28/01/2008	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sashank
Designation :	Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2010

Names of Shareholders	No. of Shares
Mr. Ashok Kumar Jain	5000
Mrs. Ashwani Sharma	5000
Total	10000

AS ON 30.09.2010

Equity Share Breakup		Percentage of Holding
Category
Directors or relatives of directors		100.00
	Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Trader of Steel Equipments

Products :

· Plants, Machinery And Equipment For Hot Rolling/Cold Rolling Mills and Rebar Mills

· Hot Dip Galvanizing Plant

· Scrap Bailing Machine

· Bundling Machine

· EOT Crane

· HF Welder for Tube Mill

· Thyristor DC Drive

· AC Variable

ITC Code	Product Description
851521	Solid State High Frequency Induction Welder

Exports :

Products :

Rolling, Cold Rolling Mills

Countries :

Middle East, Gulf Countries

Terms :

Selling :

Cash, Credit

Purchasing :

L/C, Cash, Credit

GENERAL INFORMATION

Customers :

· Wholesaler

· Retailers

No. of Employees :

27 Approximately

Bankers :

· State Bank of Bikaner and Jaipur, 16/67-68, Faiz Road, Karol Bagh, New Delhi 110005, India

· Punjab National Bank

Facilities :

Rs. In Millions

SECURED LOAN	31.03.2010	31.03.2009
ICICI Bank (Car Loan)	0.013	0.169
Total	0.013	0.169
UNSECURED LOAN
Due to Directors	0.000	1.678
Total	0.000	1.678

Banking Relations :	--
Auditors :
Name :	Dinesh Sudarshan Jain and Company Chartered Accountant
Address :	A-96, Shankar Garden, Vikaspuri, New Delhi 110018, India
Name :	Raghvendra K Khandelwal and Company Chartered Accountant
Address :	G-6, Namdhari Chambers, 9-54, Desh Bandhu Gupta Road, Karol Bagh, Delhi 110005, India
Associates/Subsidiaries :	Nil

CAPITAL STRUCTURE

AS ON 30.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs. 10 each	Rs.0.500 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs. 10 each	Rs.0.100 million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		19.694	19.734	6.278
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		19.794	19.834	6.378
LOAN FUNDS
1] Secured Loans		0.013	0.169	0.308
2] Unsecured Loans		0.000	1.678	3.954
TOTAL BORROWING		0.013	1.847	4.262
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		19.807	21.681	10.640
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.272	2.762	1.057
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		20.446	2.922	2.314
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	9.752	25.783	3.134
	Cash & Bank Balances	1.826	2.513	13.896
	Other Current Assets	0.385	0.156	3.309
	Loans & Advances	11.655	19.961	2.116
Total Current Assets		23.618	48.413	22.455
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	19.454	24.889	6.482
	Other Current Liabilities	7.076	7.628	5.547
	Provisions	0.086	0.000	3.268
Total Current Liabilities		26.616	32.517	15.297
Net Current Assets		(2.998)	15.896	7.158