MIRA INFORM REPORT

Report Date :

03.02.2012

IDENTIFICATION DETAILS

Name :	RAGINI TRADING AND INVESTMENTS LIMITED (w.e.f 05.09.1994)
Formerly Known As :	LLOYDS STOCKS AND SHARES LIMITED
Registered Office :	Gala No. 99/5, Mezanine Floor, Rajgor Chambers, Surat Street, Mumbai – 400 009, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	16.04.1992
Com. Reg. No.:	11-66402
Capital Investment / Paid-up Capital :	Rs.7.0000 Million
CIN No.: [Company Identification No.]	U67120MH1992PLC066402
TAN No.: [Tax Deduction & Collection Account No.]	MUMR15606D / MUMR16861F
PAN No.: [Permanent Account No.]	AAACR1851P
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trader of H.R. Coil, Sheets, M. S. Angle, M. S. Channel, H. R. Plate and M. S. Beam
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

C (9)

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Poor
Payment Behaviour :	Slow and Delayed
Litigation :	Clear
Comments :	Subject is an established company having poor track. Financial Position of the company appears to be week. Business is active. Payments are reported to be slow and delayed. The company can be considered for any 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

LOCATIONS

Registered Office :	Gala No. 99/5, Mezanine Floor, Rajgor Chambers, Surat Street, Mumbai – 400 009, Maharashtra, India
Tel. No.:	91-22-23480526
Fax No.:	Not Available
E-Mail :	ragini.trading@rediffmail.com vssohoni@lloyds.in

DIRECTORS

As on 08.09.2011

Name :

Mr. Viresh Shankar Sohoni

Designation :

Director

Address :

Satelite Park, Caves Road, Jogeswari (East), Mumbai – 400060, Maharashtra, India

Date of Birth/Age :

01.12.1971

Date of Appointment :

15.03.2000

DIN No.:

00016881

Other Directorship:

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	U67120MH1992PLC066402	RAGINI TRADING AND INVESTMENTS LIMITED	Director	15-03-00	15-03-00	-	Active	NO
2	U65910MH1987PTC042110	PRAWAS LEASING AND FINANCE PRIVATE LIMITED	Director	31-10-03	31-10-03	-	Active	NO

Name :

Mr. Gopinath Raghavan Nair

Designation :

Director

Address :

Flat No. 706, Building No. 7, Millennium Park, Hari Om CHS., Hari Om Nagar, Mulund (East), Mumbai – 400 081, Maharashtra, India

Date of Birth/Age :

02.02.1958

Date of Appointment :

31.05.2004

DIN No.:

00015783

Other Directorship:

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	U70100MH1994PLC082190	VEDISA PROPERTIES LIMITED	Director	21-08-97	21-08-97	22-06-10	Active	NO
2	U70100MH1994PTC082194	BHARU PROPERTIES PRIVATE LIMITED	Director	21-08-97	21-08-97	-	Amalgamated	NO
3	U70100MH1994PLC082177	KARBURI PROPERTIES LIMITED	Director	16-11-99	16-11-99	22-06-10	Active	NO
4	U70101MH1994PLC081289	REVA PROPERTIES LIMITED	Director	13-11-01	13-11-01	28-06-10	Active	NO
5	U67120MH1993PTC073693	MOONDROP INVESTMENTS AND LEASING PRIVATE LIMITED	Director	13-11-01	13-11-01	-	Amalgamated	NO
6	U45202MH1994PLC081364	JOGIA PROPERTIES LIMITED	Director	15-11-01	15-11-01	28-06-10	Active	NO
7	U45200MH1994PLC081365	SIMON DEVELOPERS AND INFRASTRUCTURE LIMITED	Director	15-11-01	15-11-01	-	Active	NO
8	U67120MH1992PLC066402	RAGINI TRADING AND INVESTMENTS LIMITED	Director	31-05-04	31-05-04	-	Active	NO
9	U45400MH2007PTC172751	PRAGYA REALTY DEVELOPERS PRIVATE LIMITED	Director	31-07-07	31-07-07	30-10-09	Active	NO
10	U45400MH2007PLC172750	ARCHIVE REALTY DEVELOPERS LIMITED	Director	31-07-07	31-07-07	06-10-09	Active	NO

Name :

Mr. Prashant Kundlik Puri

Designation :

Director

Address :

B/202, Chinatamani Chambers, R-3, Sudarshan Nagar, Dombivali (East), Thane – 421201, Maharashtra, India

Date of Birth/Age :

15.07.1967

Date of Appointment :

22.02.2010

DIN No.:

00574316

Other Directorship:

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	L27100MH1986PLC041252	SHREE GLOBAL TRADFIN LIMITED	Director	30-09-06	05-09-06	31-07-08	Active	NO
2	U74999MH2007PTC167476	INDRAJIT POWER TECHNOLOGY PRIVATE LIMITED	Director	02-02-07	02-02-07	-	Active	NO
3	U67120MH1992PLC066402	RAGINI TRADING AND INVESTMENTS LIMITED	Director	08-09-10	22-02-10	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 08.09.2011

Names of Shareholders	No. of Shares
Shree Global Tradefin. Limited, India	300000
Aristo Realty Developers Limited, India	299960
Jose Mathews	10
S N Tiwari	10
Kailash Parihar	10
Shyam Dandriyal	100000
Prawas Leasing and Finance Private Limited, India	10
TOTAL	700000

Equity Share Break up (Percentage of Total Equity)

As on 08.09.2011

Category	Percentage
Bodies corporate	99.99
Other top fifty shareholders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader of H.R. Coil, Sheets, M. S. Angle, M. S. Channel, H. R. Plate and M. S. Beam
Products :	H R Coil/Sheets C R Coil/Sheets

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	Not Available

Banking Relations :	--
Auditors :
Name :	M. V. Krishna Moorthy Chartered Accountant
Address :	15, Srivalli, Rifle Range, Ghatkopar (West), Mumbai – 400 086, Maharashtra, India
Tel. No.:	91-22-25152886
E-Mail :	mvkm@hotmail.com
PAN.:	AADPM9668F

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
700000	Equity Shares	Rs.10/- each	Rs.7.000 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		7.000	7.000	7.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(733.188)	(724.991)	(680.766)
NETWORTH		(726.188)	(717.991)	(673.766)
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		(726.188)	(717.991)	(673.766)
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.014	0.018	0.021
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		1275.978	821.528	831.258
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	112.461	566.998	148.878
	Cash & Bank Balances	166.291	34.576	0.167
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	1665.898	2085.100	2391.558
Total Current Assets		1944.650	2686.674	2540.603
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3946.700	4225.754	4045.166
	Other Current Liabilities	0.130	0.457	0.482
	Provisions	0.000	0.000	0.000
Total Current Liabilities		3946.830	4226.211	4045.648
Net Current Assets		(2002.180)	(1539.537)	(1505.045)
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		(726.188)	(717.991)	(673.766)

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1041.927	8386.338	3345.573
		Other Income	0.003	0.009	73.105
		TOTAL (A)	1041.930	8386.347	3418.678
Less	EXPENSES
		Consumption Material changes	1020.997	8367.140	3338.088
		Employee Related Expenses	1.384	1.123	1.115
		Administrative, Selling and Other Expenses	20.962	62.305	79.801
		TOTAL (B)	1043.343	8430.568	3419.004
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(1.413)	(44.221)	(0.326)
Less	FINANCIAL EXPENSES (D)		6.780	0.000	0.000
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(8.193)	(44.221)	(0.326)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.004	0.004	0.004
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		(8.197)	(44.225)	(0.330)
Less	TAX (H)		0.000	0.000	(0.016)
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		(8.197)	(44.225)	(0.346)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(724.991)	(680.766)	(680.420)
	BALANCE CARRIED TO THE B/S		(733.188)	(724.991)	(680.766)
	Earnings Per Share (Rs.)		(11.71)	(63.18)	(0.47)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(0.79)	(0.53)	(0.01)
Net Profit Margin (PBT/Sales)	(%)	(0.77)	(0.53)	(0.01)
Return on Total Assets (PBT/Total Assets}	(%)	(0.42)	(1.65)	(0.01)
Return on Investment (ROI) (PBT/Networth)		0.01	0.06	0.00
Debt Equity Ratio (Total Liability/Networth)		(5.43)	(5.89)	(6.00)
Current Ratio (Current Asset/Current Liability)		0.49	0.64	0.63

LOCAL AGENCY FURTHER INFORMATION

SHREE GLOBAL TRADEFIN LIMITED APPROVES SCHEME OF ARRANGEMENT

Tue, Jun 7 2011

Shree Global Tradefin Limited announced that the Board of Directors at its meeting held on June 06, 2011, has considered and approved subject to the approval of Honourable High Court U/S 391 to 394 and section 100 of the companies Act, 1956 and Subject to other necessary approvals, the Scheme of Arrangement: To demerge byway of transfer of demerged undertakings of Ragini Trading and Investments Limited, Parishram Properties Private Limited and Shree Global Tradefin Limited to Pragya Realty Developers Private Limited; and to merge the Ragini Trading and Investments Limited and Parishram properties Private Limited comprising remaining business of demerged companies viz Ragini and Parishram with Shree Global Treadefin Limited

SHREE GLOBAL TRADEFIN LIMITED – BOARD MEETING ON JUNE 06, 2011

Related Industrial/ Finance

Shree Global Tradefin Limited has informed BSE that a meeting of the Board of Directors of the Company will be held on June 06, 2011, inter-alia, to consider and approve the Scheme of Arrangement: 1. To demerge by way of transfer of demerged undertakings of Ragini Trading and Investment Limited, Parishram Properties Private Limited and Shree Global Tradefin Limited to Pragya Realty Deelopments Private Limited and 2 .To merge the Ragini Trading and investments Limited and Parishram Properties Private Limited comprising remaining business of demerged companies viz. Ragini and Parishram with Shree Global Tradefin Limited.

NOTE

The Registered Office of the company has been shifted from 35, Ashok Chambers, Braoch Street, Devji Ratansey Marg, Masjid Bunder, Mumbai – 400 009, Maharashtra, India to the present address w.e.f. 15.01.2008.

OPERATION

The Company has incurred a net loss of Rs.8.197 millions.

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.49.13
UK Pound	1	Rs.77.85
Euro	1	Rs.67.75

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	1
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	--
--LEVERAGE	1~10	1
--RESERVES	1~10	--
--CREDIT LINES	1~10	1
--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		9

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.