MIRA INFORM REPORT

Report Date :

15.02.2012

IDENTIFICATION DETAILS

Name :	KAMNA EXIM PRIVATE LIMITED

Registered Office :	304, Parmeshwar Industrial Estate, Dumping Road, Off Link Road, Chincholi Bunder, Malad (West), Mumbai – 400064, Maharashtra

Country :	India

Date of Incorporation :	25.06.2010

Com. Reg. No.:	11-204866

Capital Investment / Paid-up Capital :	Rs.0.100 Million

CIN No.: [Company Identification No.]	U51909MH2010PTC204866

Legal Form :	Private Limited Liability Company

Line of Business :	Trader and Distributor of Agro Products.

No. of Employees :	6 [In Office] Approximately

RATING & COMMENTS

MIRA’s Rating :

Ca [18]

RATING

STATUS

PROPOSED CREDIT LINE

11-25

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 :	New Company

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a relatively new company and yet to establish itself gradually. Mr. Vivek [Director] has provided to us the general information and denied to disclose financial details. However, trade relations are reported as fair. Business is active. 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

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. Vivek
Designation :	Director
Contact No.:	91-22-61713700
Date :	11.02.2012

LOCATIONS

Registered Office :	304, Parmeshwar Industrial Estate, Dumping Road, Off Link Road, Chincholi Bunder, Malad (West), Mumbai – 400064, Maharashtra, India
Tel. No.:	91-22-61713700 / 61713701 / 61713702
Fax No.:	91-22-61713704
E-Mail :	info@kamnaexim.com info@clean-n-clear.com
Website :	http://www.kamnaexim.com
Area :
Location :	Owned

DIRECTORS

Name :

Mr. Vivek Jagadale

Designation :

Director

Address :

503, Dynasty Apartments, Sanskruti Layout, Thakur Complex, Kandivali [East], Mumbai – 400101, Maharashtra, India

Date of Birth/Age :

0103.1955

Date of Appointment :

25.06.2010

DIN :

01326520

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	U91110MH1990NPL057237	ASMECHEM CHAMBER OF COMMERCE AND INDUSTRY OF INDIA	Director	1/7/2006	1/7/2006	Active	NO
2	U55204MH2007PTC167922	CLEAN-N-CLEAR HOSPITALITY SERVICES PRIVATE LIMITED	Director	17/02/2007	17/02/2007	Active	YES
3	U51909MH2010PTC204866	KAMNA EXIM PRIVATE LIMITED	Director	25/06/2010	25/06/2010	Active	NO

Name :

Mr. Rajani Jagadale

Designation :

Director

Address :

503, Dynasty Apartments, Sanskruti Layout, Thakur Complex, Kandivali [East], Mumbai – 400101, Maharashtra, India

Date of Birth/Age :

23.12.1962

Date of Appointment :

25.06.2010

DIN :

02972092

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	U55204MH2007PTC167922	CLEAN-N-CLEAR HOSPITALITY SERVICES PRIVATE LIMITED	Director	17/02/2007	17/02/2007	Active	YES
2	U51909MH2010PTC204866	KAMNA EXIM PRIVATE LIMITED	Director	25/06/2010	25/06/2010	Active	NO

Name :

Mr. Ajinkya Jagadale

Designation :

Director

Address :

India

Date of Birth/Age :

18.03.1986

Date of Appointment :

25.06.2010

DIN :

01896359

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	U55204MH2007PTC167922	CLEAN-N-CLEAR HOSPITALITY SERVICES PRIVATE LIMITED	Director	3/3/2008	3/3/2008	Active	YES
2	U51909MH2010PTC204866	KAMNA EXIM PRIVATE LIMITED	Director	25/06/2010	25/06/2010	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

Names of Shareholders		No. of Shares
Vivek Jagadale		3400
Rajani Jagadale		3300
Ajinkya Jagadale		3300
Total		10000

BUSINESS DETAILS

Line of Business :	Trader and Distributor of Agro Products.

Products :	Red Chili Turmeric Fenugreek Seeds Cardamom Fennel Seeds Cinnamon Wheat Flour Cashew Nuts Psyllium Husk [Isabgol] Garlic And Dehydrated Garlic Spices Cumin Seeds Coriander Black Pepper Mustard Seeds Dry Mango Powder Soyabean Powder / Grits Sesame Seeds Niger Seeds Onions And Dehydrated Onion

Exports :
Products :	Agro Products
Countries :	Middle East Europe North America East America China Hong Kong Singapore Malayasia

Imports :
Products :	Chemicals Garlic Powder
Countries :	China

Terms :
Selling :	Cash / Credit

Purchasing :	Cash / Credit

GENERAL INFORMATION

Customers :	Wholesalers Retailers

No. of Employees :	6 [In Office] Approximately

Bankers :	Bank of Baroda, Malad [West], Mumbai – 400064, Maharashtra, India Bank of India

Facilities :	--


Banking Relations :	--

Auditors :
Name :	PV Atavle and Company Chartered Accountants
Address :	Goregaon, Mumbai, Maharashtra, India

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount

10,000	Equity Shares	Rs.10/- each	Rs.0.100 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

10,000	Equity Shares	Rs.10/- each	Rs.0.100 million

FINANCIAL DATA

[all figures are in Rupees Millions]

Not Divulged

The above information has been declined by Mr. Vivek [Director].

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	-
No. of Employees	Yes
Name of Person Contacted	Yes
Designation of contact person	Yes
Turnover of firm for last three years	No
Profitability for last three years	No
Reasons for variation <> 20%	-
Estimation for coming financial year	No
Capital the business	No
Details of sister concerns	No
Major Suppliers	No
Major Customers	No
Payment Terms	Yes
Export / Import Details [If Applicable]	Yes
Market Information	-
Litigations that the firm / promoter involved in	-
Banking Details	Yes
Banking Facility Details	No
Conduct of the banking account	-
Buyer visit details	-
Financials, if provided	No
Incorporation details, if applicable	-
Last accounts filed at ROC	-
Major Shareholders, if applicable	-

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.49.33
UK Pound	1	Rs.77.41
Euro	1	Rs.64.83

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	2
--CREDIT LINES	1~10	2
--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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		18

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.

MIRA INFORM REPORT

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