MIRA INFORM REPORT

Report Date :

04.07.2012

IDENTIFICATION DETAILS

Name :	AMEYA INDUSTRIAL SUPPLIERS PRIVATE LIMITED
Registered Office :	277/ 2, SHANIWAR Peth, shriram Apartment, Tambe Lane, Near Vishnukripa Hall, Pune-411030, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	24.01.1997
Com. Reg. No.:	25 - 105385
Capital Investment / Paid-up Capital :	Rs. 0.830 Million
CIN No.: [Company Identification No.]	U29299PN1997PTC105385
Legal Form :	Private Limited Liability Company
Line of Business :	Distributor of Welding Products, Adhesive Tapes and Labe Stocks.
No. of Employees :	20 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 49000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered for business dealings at usual 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

INFORMATION PARTED BY

Name :	Mr. Atul Ramchandra Parchure
Designation :	Director
Contact No.:	91-9370012871
Date :	27.06.2012

LOCATIONS

Registered Office :	277/ 2, SHANIWAR Peth, shriram Apartment, Tambe Lane, Near Vishnukripa Hall, Pune – 411030, Maharasahtra, India
Tel. No.:	91-20-24459303/ 24459309/ 24459032
Mobile No.:	91-9370012871 (Mr. Atul Ramchandra Parchure)
Fax No.:	91-20-24454093
E-Mail :	info@ameyagroup.co.in
Website :	www.ameyagroup.co.in
Area :	700 Sq. Ft
Location :	Owned

DIRECTORS

AS ON 30.09.2011

Name :

Mr. Atul Ramchandra Parchure

Designation :

Managing Director

Address :

Flat No.2, Rajprasad Apartments, Near Dashbhuja Ganpati Temple, Tulshibagwale Colony, Sahakar Nagar, Pune – 411009, Maharasahtra, India

Date of Birth/Age :

10.02.1962

Qualification :

BE

Date of Appointment :

24.01.1997

Din No.:

00620964

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	U29299PN1997PTC105385	AMEYA INDUSTRIAL SUPPLIERS PRIVATE LIMITED	Managing director	01-04-08	24-01-97	Active	NO
2	U29299PN2004PTC018988	LOTUS TAPES (INDIA) PRIVATE LIMITED	Director	08-03-04	08-03-04	Active	NO

Name :

Mr. Satish Ramchandra Parchure

Designation :

Managing Director

Address :

61/ 27, Bharati Niwas Society, Erandawane, Pune – 411004, Maharasahtra, India

Date of Birth/Age :

23.07.1963

Qualification :

B. Tech

Date of Appointment :

24.01.1997

Din No.:

00621044

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	U29299PN1997PTC105385	AMEYA INDUSTRIAL SUPPLIERS PRIVATE LIMITED	Managing director	01-04-08	24-01-97	Active	NO
2	U29299PN2004PTC018988	LOTUS TAPES (INDIA) PRIVATE LIMITED	Director	08-03-04	08-03-04	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Atul Ramchandra Parchure	4060
Satish Ramchandra Parchure	4060
Ramchandra Parchure	60
Aarti A. Parchure	60
Suchitra S. Parchure	60
Total	8300

AS ON 30.09.2011

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

BUSINESS DETAILS

Line of Business :	Distributor of Welding Products, Adhesive Tapes and Labe Stocks.
Agencies Held :	Esab India Limited
Exports :
Products :	Welding Products, Adhesive Tapes and Labe Stocks
Countries :	European Country
Imports :
Products :	Welding Products, Adhesive Tapes and Labe Stocks
Countries :	China
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

Wholesalers, Retailers and End Users

No. of Employees :

20 (Approximately)

Bankers :

• Citi Bank, N.A. 24/ 3 , Kumar Capital, East Street Camp, Pune – 411001, Maharashtra, India
• ICICI Bank
• Janta Sahakari Bank
• Bank of India

Facilities :

Unsecured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
From Directors
Atul Ramchandra Parchure	8.481	0.500
Satish Ramchandra Parchure	8.389	2.500
From Others
Ramchandra Parchure	3.000	3.000
Aarti A. Parchure	1.250	1.250
Suchitra S. Parchure	1.250	1.250
Total	22.370	8.500

Banking Relations :	--
Auditors :
Name :	B.G. Varma and Associates Chartered Accountants
Address :	Office No. 2, S. No. 1328, Saraswati Apartments, Near Bharat Natya Mandir, Sadashiv Peth, Pune-411030, Maharashtra, India
Pan No.:	AAOPV4129K

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.100/- each	Rs.5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8300	Equity Shares	Rs.100/- each	Rs.0.830 Million

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		0.830	0.830	0.830
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		11.653	8.890	6.933
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		12.483	9.720	7.763
LOAN FUNDS
1] Secured Loans		0.000	0.083	0.185
2] Unsecured Loans		22.370	8.500	8.700
TOTAL BORROWING		22.370	8.583	8.885
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		34.853	18.303	16.648
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.151	1.730	2.115
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		6.270	6.042	5.700
DEFERREX TAX ASSETS		0.076	0.059	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	9.248	5.024	0.000
	Sundry Debtors	33.870	32.489	20.286
	Cash & Bank Balances	0.271	0.228	4.284
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	4.543	1.900	1.498
Total Current Assets		47.932	39.641	26.068
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	11.254	13.917	7.608
	Other Current Liabilities	7.238	12.519	8.062
	Provisions	3.084	2.733	1.565
Total Current Liabilities		21.576	29.169	17.235
Net Current Assets		26.356	10.472	8.833
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		34.853	18.303	16.648

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Sales and Service Charges	154.926	142.939	122.495
		Other Income	5.470	2.890	NA
		TOTAL	160.396	145.829	NA
Less	EXPENSES
		Office Expenses
		Administrative Expenses	156.456	142.992	NA
		Advertising Expenses
		TOTAL	156.456	142.992	NA
	PROFIT / (LOSS) BEFORE TAX		3.940	2.837	NA
Less	TAX		1.200	0.900	NA
	PROFIT / (LOSS) AFTER TAX		2.740	1.937	1.636
	Earnings / (Loss) Per Share (Rs.)		330.12	233.37	--

Particulars	31.03.2012
Sales Turnover [Approximately]	180.000

Expected Sales (2012-13) : Rs.200.000 Millions.

The above information has been parted by Mr. Atul Ramchandra Parchure.

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.70	1.33	NA
Net Profit Margin (PBT/Sales)	(%)	2.54	1.98	NA
Return on Total Assets (PBT/Total Assets}	(%)	7.87	6.85	NA
Return on Investment (ROI) (PBT/Networth)		0.32	0.29	NA
Debt Equity Ratio (Total Liability/Networth)		3.52	3.88	3.36
Current Ratio (Current Asset/Current Liability)		2.22	1.35	1.51

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 last three years	Yes
12) Profitability for last three years	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	No
18) Major customers	No
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

NOTE:

The registered office of the company has been shifted from 13-C, Kasba Peth, Pune-411011, Maharashtra, India to the present address w.e.f. 01.04.2008.

FIXED ASSETS:

• Air Conditioner
• Computer
• Cooler
• Electrical Installation
• Fax Machine
• Mobile Phone
• Office Furniture
• Ownership Godown
• Ownership Shop
• Plant and Machinery
• UPS
• Software
• Camera
• TVS Scooty
• Office Equipment
• Car
• Bike

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.54.81
UK Pound	1	Rs.86.03
Euro	1	Rs.69.06

INFORMATION DETAILS

Information Gathered by :	JML
Report Prepared by :	TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--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		47

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.