MIRA INFORM REPORT

Report Date :

23.04.2012

IDENTIFICATION DETAILS

Name :	AASTHA ENVIRO ENGINEERS PRIVATE LIMITED
Registered Office :	House No. 81B, Street No. 17, Press Enclave Part III, Vikas Nagar, Uttam Nagar, (Near Balaji Chowk), New Delhi – 110059, Delhi
Country :	India
Financials (as on) :	31.03.2011 (Proprietory Firm)
Date of Incorporation :	15.04.2011
Com. Reg. No.:	55-217630
Capital Investment/ Paid-up Capital:	Rs.0.200 Million
CIN No.: [Company Identification No.]	U29253DL2011PTC217630
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Water Treatments Plant
No. of Employees:	57 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	--
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a successor of AASTHA ENVIRO ENGINEERS, a proprietory concern started in the year 2008 Trade relations are reported as fair. Business is active. Payments are reported to be slow. 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 – 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 (GENERAL DETAILS)

Name :	Mr. Chandra Bhan Singh
Designation :	Director
Contact No.:	91-9990129333
Date :	16.04.2012

LOCATIONS

Registered Office :	House No. 81B, Street No. 17, Press Enclave Part III, Vikas Nagar, Uttam Nagar, (Near Balaji Chowk), New Delhi – 110059, Delhi, India
Tel. No.:	91-124-4012401
Mobile No.:	91-9990129333/ 9312534592 (Mr. Chandra Bhan Singh)
Fax No.:	91-124-4012401
E-Mail :	aasthagroup@gmail.com dkmunjal@hotmail.com
Website :	www.aasthagroup.co.in
Location :	Owned
Factory :	Plot – 122, Ground Floor, Sector -10A, Gurgaon – 122001, Haryana, India

DIRECTORS

Name :	Mr. Chandra Bhan Singh
Designation :	Director
Address :	House No. 81B, Street No. 17, Press Enclave Part 3, Vikas Nagar, Uttam Nagar, (Near Balaji Chowk), New Delhi – 110059, Delhi, India
Date of Birth/Age :	10.07.1979
Name :	Mr. Vijay Kumar Singh
Designation :	Director
Address :	House No. 81B, Street No. 17, Press Enclave Part 3, Vikas Nagar, Uttam Nagar, (Near Balaji Chowk), New Delhi – 110059, Delhi, India
Date of Birth/Age :	25.12.1967
Name :	Mr. Ashok Kumar Parvat
Designation :	Director
Address :	G -25, Noida, Sector – 65, Nodia – 201301, Uttar Pradesh, India
Date of Birth/Age :	10.01.1964

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

Names of Shareholders	No. of Shares
Chandra Bhan Singh	7500
Vijay Kumar Singh	7500
Ashok Kumar Parvat	5000
Total	20000

BUSINESS DETAILS

Line of Business :	Manufacturer of Water Treatments Plant
Products :	Water Treatment Plant Sewage Treatment Plant Effluent Treatment Plant Reserve Osmosis Plants Water Recycling Plant UV Treatments Plant Water Softener Water Treatments Chemical SBR/MBBR/MBR/SAFF/Ultra Filtration Zero Discharge System STP/ETP, etc.
Terms :
Selling :	Cash and Credit (30 days/ 60 days)
Purchasing :	Cash and Credit (30 days/ 60 days)

GENERAL INFORMATION

Suppliers :

• Beeta Blore
• E M Trader
• DWS Services

Customers :

Manufacturer

• Tata Consultancy Service
• Jindal Power Limited
• Britania Industries

No. of Employees :

57 (Approximately)

Bankers :

ICICI Bank, Gurgaon Branch

Facilities :

Secured Loan Particular	As on 31.03.2011 (Rs In Millions)	As on 31.03.2010 (Rs In Millions)
Corporation Bank Car Loan	0.158	0.236
Total	0.158	0.236

Banking Relations :	--
Auditors :
Name :	D.K. Munjul Chartered Accountant

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
30000	Equity Share	Rs.10/- each	Rs.0.300 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
20000	Equity Share	Rs.10/- each	Rs.0.200 Million

Proprietory Firm Capital A/c

Particular	Amount
Capital A/c:
Opening balance B/d	0.841
Additions	0.452
Add: Net Profit	0.981
Less: Drawings	0.404
Total	1.870

FINANCIAL DATA

[all figures are in Rupees Millions]

Particulars	31.03.2012
Sales Turnover (Approximately)	40.000

Expected Sales (2012-2013): Rs.60.000 Millions

The above information has been parted by Mr. Chandra Bhan Singh

AASTHA ENVIRO ENGINEERS

(Proprietory Concern)

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Proprietory Capital		1.870	0.841
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		0.000	0.000
NETWORTH		1.870	0.841
LOAN FUNDS
1] Secured Loans		0.158	0.236
2] Unsecured Loans		0.000	0.000
TOTAL BORROWING		0.158	0.236
DEFERRED TAX LIABILITIES
TOTAL		2.028	1.077
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.863	0.446
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.517	0.127
	Sundry Debtors	6.574	0.848
	Cash & Bank Balances	1.119	0.078
	Other Current Assets	0.015	0.000
	Loans & Advances	0.165	0.435
Total Current Assets		8.390	1.488
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	7.060	0.541
	Other Current Liabilities	1.165	0.316
	Provisions	0.000	0.000
Total Current Liabilities		8.225	0.857
Net Current Assets		0.165	0.631
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		2.028	1.077

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011
	SALES
		Income	26.891
		Other Income	0.000
		TOTAL (A)	26.891
Less	Cost of Goods sold		21.506
Less	EXPENSES
		Bonus	0.125
		Business Promotion Expenses	0.258
		Freight and Cartage Outward	0.128
		Rent	0.104
		Repair and Maintenance Other	0.480
		Repair and Maintenance of Vehicle	0.135
		Salary and Wages Expenses	1.396
		Traveling expenses	0.310
		Other Expenses	1.260
		TOTAL (B)	4.196
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1.189
Less	FINANCIAL EXPENSES (D)		0.020
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1.169
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.188
	Net Profit		0.981
	Earnings Per Share (Rs.)		49.05

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010
PAT / Total Income	(%)	3.65	NA
Net Profit Margin (PBT/Sales)	(%)	3.65	NA
Return on Total Assets (PBT/Total Assets}	(%)	9.72	NA
Return on Investment (ROI) (PBT/Networth)		0.52	NA
Debt Equity Ratio (Total Liability/Networth)		4.48	1.30
Current Ratio (Current Asset/Current Liability)		1.02	1.74

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report [Yes/No]
Year of Establishment	Yes
Locality of the Firm	Yes
Construction of the firm	Yes
Premises details	Yes
Type of Business	Yes
Line of Business	Yes
Promoters background	Yes
No. of Employees	Yes
Name of Person Contacted	Yes
Designation of contact person	Yes
Turnover of firm for last three years	Yes
Profitability for last one years	Yes
Reasons for variation <> 20%	-
Estimation for coming financial year	Yes
Capital the business	Yes
Details of sister concerns	No
Major Suppliers	Yes
Major Customers	Yes
Payment Terms	Yes
Export / Import Details [If Applicable]	No
Market Information	-
Litigations that the firm / promoter involved in	-
Banking Details	Yes
Banking Facility Details	Yes
Conduct of the banking account	-
Buyer visit details	-
Financials, if provided	Yes
Incorporation details, if applicable	Yes
Last accounts filed at ROC	Yes
Major Shareholders, if applicable	Yes

Trader References:

• Beeta Blore
• E M Trader
• DWS Services

• Tata Consultancy Service
• Jindal Power Limited

• Britania Industries

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.52.00
UK Pound	1	Rs.83.54
Euro	1	Rs.68.40

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	-
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
TOTAL		29

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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.