MIRA INFORM REPORT

Report Date :

21.08.2012

IDENTIFICATION DETAILS

Name :	ALPHA INTERBIZ PRIVATE LIMITED
Registered Office :	404, Samedh, Beside Associated Petrol Pump, C.G. Road, Ellis Bridge, Ahmedabad-380006, Gujarat
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	25.09.2010
Com. Reg. No.:	04-062424
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U52100GJ2010PTC062424
Legal Form :	Private Limited Liability Company
Line of Business :	Merchant Exporter of Agro Products, Cumin Seeds, Sesame Seeds, Polyester Yarn, etc.
No. of Employees :	4 [Approximately]

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Recently commenced activities
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a relatively new company having moderate track. It has recently commenced its business activities. It has achieved minimal sales turnover during 2012. Business is active. Payments are reported to be slow. The company can be considered for business dealings only 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY

Name :	Mr. Ashish Chandulal Babaria
Designation :	Director
Contact No.:	91-9727177788
Date :	20.08.2012

LOCATIONS

Registered Office :	404, Samedh, Beside Associated Petrol Pump, C.G. Road, Ellis Bridge, Ahmedabad-380006, Gujarat, India
Tel. No.:	91-79-26401661
Mobile No.:	91-9727177788
Fax No.:	Not Available
E-Mail :	ashish@alphainterbiz.com inquery@alphainterbiz.com
Website :	http://www.alphainterbiz.com
Area :	824 sq. ft.
Location :	Owned

DIRECTORS

AS ON 12.08.2011

Name :

Mr. Chandulal Ratilal Babaria

Designation :

Director

Address :

A-401, Amrapali Apartment, Behind Hansa Farm Party Plot, Opposite GHB Tower, Naranpura, Ahmedabad-380013, Gujarat, India

Date of Birth/Age :

24.04.1941

Date of Appointment :

25.09.2010

Voter Id No.:

GJ/11/067/594887

Din No.:

00367203

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U80903GJ1989PTC012921	ALPHA EDUCATIONAL SERVICES PRIVATE LIMITED	Director	23/10/1989	23/10/1989	Active	NO
2	U73100GJ1996PTC029152	ALPHA SCIENCE ACADEMY PRIVATE LIMITED	Whole-time director	26/03/1996	26/03/1996	Active	NO
3	U52100GJ2010PTC062424	ALPHA INTERBIZ PRIVATE LIMITED	Director	25/09/2010	25/09/2010	Active	NO

Name :

Mr. Ashish Chandulal Babaria

Designation :

Director

Address :

A-401, Amrapali Apartment, Behind Hansa Farm Party Plot, Opposite GHB Tower, Naranpura, Ahmedabad-380013, Gujarat, India

Date of Birth/Age :

09.07.1977

Date of Appointment :

25.09.2010

Din No.:

00596782

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U73100GJ1996PTC029152	ALPHA SCIENCE ACADEMY PRIVATE LIMITED	Whole-time director	01/07/1997	01/07/1997	Active	NO
2	U80903GJ1989PTC012921	ALPHA EDUCATIONAL SERVICES PRIVATE LIMITED	Director	19/08/2008	19/08/2008	Active	NO
3	U52100GJ2010PTC062424	ALPHA INTERBIZ PRIVATE LIMITED	Director	25/09/2010	25/09/2010	Active	NO

Name :

Mrs. Hetal Ashish Babaria

Designation :

Director

Address :

A-401, Amrapali Apartment, Behind Hansa Farm Party Plot, Opposite GHB Tower, Naranpura, Ahmedabad-380013, Gujarat, India

Date of Birth/Age :

02.05.1978

Date of Appointment :

25.03.2011

Din No.:

03262923

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 12.08.2011

Names of Shareholders	No. of Shares
Chandulal Ratilal Babaria	5000
Ashish Chandulal Babaria	5000
Total	10000

AS ON 09.03.2012

Names of Allottees	No. of Shares
Ashish Chandulal Babaria	16000
Total	16000

AS ON 27.02.2012

Names of Allottees	No. of Shares
Chandulal Ratilal Babaria	5000
Ashish Chandulal Babaria	10000
Hetal Ashish Babaria	5000
Total	20000

AS ON 12.08.2011

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

BUSINESS DETAILS

Line of Business :	Merchant Exporter of Agro Products, Cumin Seeds, Sesame Seeds, Polyester Yarn, etc.
Exports :
Products :	Agro Products, Cumin Seeds, Sesame Seeds, Polyester Yarn, etc.
Countries :	· Turkey · Spain
Terms :
Selling :	Cash
Purchasing :	Cash

GENERAL INFORMATION

Suppliers :

· Ganesh Enterprise

Customers :

Wholesalers and Retailers

· Goldeli Textile, Turkey

· EPS, Spain

No. of Employees :

4 [Approximately]

Bankers :

Oriental Bank of Commerce, C.G. Road, Mumbai, Maharashtra, India

Facilities :

Unsecured Loan	As on 31.03.2011 [Rs. in Millions]
From Directors
Chandulal Ratilal Babaria	0.100
Ashish Chandulal Babaria	0.114
Total	0.214

Banking Relations :	--
Auditors :
Name :	Rohan Thakkar and Company Chartered Accountants
Address :	Basement of Samanvay Apartment, Opposite Chandrapuri Society, Behind Vastrapur Government Colony, Drive in Road, Vastrapur, Ahmedabad-380052, Gujarat, India
Mobile No.:	91-9228720536
E-Mail :	planrohan@yahoo.co.in planrohan_tax@yahoo.com
Pan No.:	AGOPT2232P

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs.1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

AS ON 12.08.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs.1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
46000	Equity Shares	Rs.10/- each	Rs.0.460 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		0.100
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		(0.139)
NETWORTH		(0.039)
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.214
TOTAL BORROWING		0.214
DEFERRED TAX LIABILITIES		0.000
TOTAL		0.175
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000
Capital work-in-progress		0.000
INVESTMENT		0.050
DEFERREX TAX ASSETS		0.001
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.118
	Other Current Assets	0.006
	Loans & Advances	0.025
Total Current Assets		0.149
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.007
	Other Current Liabilities	0.000
	Provisions	0.018
Total Current Liabilities		0.025
Net Current Assets		0.124
MISCELLANEOUS EXPENSES		0.000
TOTAL		0.175

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2011
	SALES
		Income		0.000
		Other Income		NA
		TOTAL		NA
	EXPENSES
		Office Expenses
		Administrative Expenses		0.141
		Advertising Expenses
		TOTAL		0.141
	PROFIT / (LOSS) BEFORE TAX			(0.139)
Less	TAX			(0.001)
	PROFIT / (LOSS) AFTER TAX			(0.138)
	Earnings / (Loss) Per Share (Rs.)			(13.80)

Particulars	31.03.2012
Sales Turnover [Approximately]	3.000

Expected Sales (2012-13) : Rs.60.000 Millions.

The above information has been parted by Mr. Ashish Chandulal Babaria.

KEY RATIOS

PARTICULARS		31.03.2011
PAT / Total Income	(%)	NA
Net Profit Margin (PBT/Sales)	(%)	NA
Return on Total Assets (PBT/Total Assets}	(%)	(93.29)
Return on Investment (ROI) (PBT/Networth)		3.56
Debt Equity Ratio (Total Liability/Networth)		(6.13)
Current Ratio (Current Asset/Current Liability)		5.96

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
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	Yes
8) No. of employees	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
11) Turnover of firm for one year	Yes
12) Profitability for last one year	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	Yes
15) Capital in the business	Yes
16) Details of sister concerns	No
17) Major suppliers	Yes
18) Major customers	Yes
19) Payments terms	Yes
20) Export / Import details (if applicable)	Yes
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	Yes
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	Yes
30) Major Shareholders, if available	Yes
31) PAN of Proprietor/Partner/Director, if available	No
32) Date of Birth of Proprietor/Partner/Director, if available	Yes
33) Voter ID No of Proprietor/Partner/Director, if available	Yes
34) External Agency Rating, if available	No

FINANCIAL RESULTS:

This being the first year of the company, hence, company has not made any sales generated during the year. The company has reported a net loss of Rs.0.139 Million.

OPERATION:

The company has been incorporated during the year with an object of doing trade in textile products, chemicals, pharmaceuticals and other consumer and capital goods.

The company has in the year 2010-11 surveyed the market for its products and is very optimistic for the same. In the times to come, the company is having a very bright future considering the global demand in textile products.

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 records 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.55.70
UK Pound	1	Rs.87.55
Euro	1	Rs.68.85

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	1
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		11

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.