MIRA INFORM REPORT

Report Date :

01.06.2012

IDENTIFICATION DETAILS

Name :	J. V. EnggINEERING AND Conveyor PRIVATE LIMItEd
Registered Office :	Plot No.23/25, 60 Feet Road, P.O. Pali Sohna Road, Village Nangla Gujran, Faridabad – 121 004, Haryana
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	17.12.2002
Com. Reg. No.:	35009
Capital Investment / Paid-up Capital :	Rs.1.695 Millions
CIN No.: [Company Identification No.]	U34300HR2002PTC035009
IEC No.:	0506089592
PAN No.: [Permanent Account No.]	AABCJ3344E
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Machine Tools Accessories
No. of Employees :	25 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (31)

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

Maximum Credit Limit :	USD 19864
Status :	Moderate
Payment Behaviour :	Slow But correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Profitability of the company appears to be low. However, trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small 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. Sachin Panchal
Designation :	Director
Contact No.:	91-9810708231
Date :	11.05.2012

LOCATIONS

Registered Office/Factory :	Plot No.23/25, 60 Feet Road, P.O. Pali Sohna Road, Village Nangla Gujran, Faridabad – 121 004, Haryana, India
Tel No.:	91-129-4037461
Mobile No.:	91-9654790757 (Mr. Sachin Panchal)
E-Mail :	Jve_c@hotmail.com
Website :	www.jvec.in
Area :	1280sq.yard
Location :	Owned

DIRECTORS

AS ON 30.07.2011

Name :	Mr. Sachin Kumar Panchal
Designation :	Director
Address :	H No.83, Jawahar Colony, Nit, Faridabad – 121005, Haryana, India
Date of Birth/Age :	11.08.1978
Date of Appointment :	17.12.2002

Other Directorship:

Top of Form

Bottom of Form

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	U34300HR2002PTC035009	J.V. ENGINEERING AND CONVEYORS PRIVATE LIMITED	Director	17/12/2002	17/12/2002	-	Active	NO
2	U28110HR2011PTC044008	J.V. BRIGHT STEELS PRIVATE LIMITED	Director	03/10/2011	03/10/2011	-	Active	NO

Name :	Mr. Vibhishan Kumar
Designation :	Director
Address :	H No.62-63, Jawahar Colony, Nit, Faridabad – 121005, Haryana, India
Date of Birth/Age :	14.10.1947
Date of Appointment :	17.12.2002

Other Directorship:

Top of Form

Bottom of Form

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	U34300HR2002PTC035009	J.V. ENGINEERING AND CONVEYORS PRIVATE LIMITED	Director	17/12/2002	17/12/2002	-	Active	NO
2	U28110HR2011PTC044008	J.V. BRIGHT STEELS PRIVATE LIMITED	Director	03/10/2011	03/10/2011	-	Active	NO

Name :	Ms. Loveleen Panchal
Designation :	Director

Other Directorship:

Top of Form

Bottom of Form

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	U34300HR2002PTC035009	J.V. ENGINEERING AND CONVEYORS PRIVATE LIMITED	Director	17/12/2002	17/12/2002	-	Active	NO
2	U28110HR2011PTC044008	J.V. BRIGHT STEELS PRIVATE LIMITED	Director	03/10/2011	03/10/2011	-	Active	NO

Name :	Ms. Geetika Sakhuja
Designation :	Director
Address :	H No.62-63, Jawahar Colony, Nit, Faridabad – 121005, Haryana, India
Date of Birth/Age :	08.01.1968
Date of Appointment :	31.03.2008

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.07.2011

Names of Shareholders	No. of Shares
Vibhishan Kumar	54300
Loveleen Panchal	48300
Sachin Kumar Panchal	49800
Gitanjali	4200
Renu	4200
Sona Devi	34500
Sonia	4200

LIST OF ALLOTTEES AS ON 18.08.2011

Names of Shareholders	No. of Shares
Vibhishan Kumar	300000
Loveleen Panchal	300000
Sachin Kumar Panchal	300000
Total	900000

AS ON 30.07.2011

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Machine Tools Accessories
Imports :
Products :	Raw Material
Countries :	China
Terms :
Selling :	Cash, Credit
Purchasing :	Cash, Credit

GENERAL INFORMATION

Customers :

· Wholesalers

· Retailers

· End Users

No. of Employees :

25 (Approximately)

Bankers :

Punjab National Bank, Nit Branch, Nehru Ground, Faridabad - 121001, Haryana, India

Facilities :

SECURED LOAN	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Punjab and Sind Bank CC A/c	0.000	2.099
Punjab and Sind Bank Loan A/c 12-82	0.000	0.785
Punjab National Bank Machine Loan A/c	0.589	0.000
Punjab National Bank Tata as loan A/c	0.204	0.000
Punjab National Bank CC A/c	4.077	0.000
Kotak Mahindra Prime Limited	1.242	0.000
TOTAL	6.112	2.884
UNSECURED LOAN	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Sachin Panchal	0.328	0.940
Vibishan Panchal	1.812	1.075
Laveleen Panchal	0.013	0.125
TOTAL	2.153	2.140

Banking Relations :	--
Auditors :
Name :	Sulekh Chand Jain Chartered Accountant
Address :	E-5, Nehru Ground, Faridabad – 121001, Haryana, India
Tel No.:	91-129-2413076
Sister Concern :	J V Industries

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Shares	Rs.10/- each	Rs.2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
169500	Equity Shares	Rs.10/- each	Rs.1.695 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

Particulars	31.03.2012
Sales Turnover (Approximately)	38.000

Expected Sales (2012-2013) : Rs.45.000

The above information has been parted by Mr. Sachin Panchal (Director)

Note : Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry Records.

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		1.695	1.695	1.000
2] Share Application Money		0.000	0.000	1.110
3] Reserves & Surplus		3.271	2.537	0.667
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		4.966	4.232	2.777
LOAN FUNDS
1] Secured Loans		6.112	2.884	2.757
2] Unsecured Loans		2.153	2.140	1.122
TOTAL BORROWING		8.265	5.024	3.879
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		13.231	9.256	6.656
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		6.579	3.662	4.282
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	6.290	6.032	5.982
	Sundry Debtors	5.824	2.388	2.331
	Cash & Bank Balances	0.060	0.221	0.266
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.453	2.058	0.579
Total Current Assets		12.627	10.699	9.158
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	4.426	3.563	3.287
	Other Current Liabilities	1.391	1.388	3.321
	Provisions	0.158	0.154	0.176
Total Current Liabilities		5.975	5.105	6.784
Net Current Assets		6.652	5.594	2.374
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		13.231	9.256	6.656

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	33.020	30.293	19.131
		Other Income	1.403	0.961	0.506
		TOTAL (A)	34.423	31.254	19.637
Less	EXPENSES
		Cost of Goods Sold	25.313	20.659	15.137
		Director Remuneration	0.792	0.690	0.567
		Rent	0.300	0.175	0.000
		Salary	0.426	0.307	0.182
		Cartage outward	0.226	0.107	0.093
		Other Expenses	4.356	7.474	1.853
		TOTAL (B)	31.413	29.412	17.832
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		3.010	1.842	1.805
Less	FINANCIAL EXPENSES (D)		0.722	0.506	0.627
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2.288	1.336	1.178
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1.193	0.618	0.718
	PROFIT BEFORE TAX (E-F) (G)		1.095	0.718	0.460
Less	TAX (I)		0.361	0.227	0.152
	PROFIT AFTER TAX (G-I) (J)		0.734	0.491	0.308

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	2.13	1.57	1.57
Net Profit Margin (PBT/Sales)	(%)	3.32	2.37	2.40
Return on Total Assets (PBT/Total Assets}	(%)	5.70	4.99	3.42
Return on Investment (ROI) (PBT/Networth)		0.22	0.17	0.16
Debt Equity Ratio (Total Liability/Networth)		2.87	2.39	3.84
Current Ratio (Current Asset/Current Liability)		2.11	2.09	1.35

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	Yes
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

FORM 8:

Corporate identity number of the company	U34300HR2002PTC035009
Name of the company	J.V. ENGINEERING AND CONVEYORS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot No.-23/25, 60 Feet Road, P.O Pali Sohna Road, Village Nangla Gujran, Faridabad – 121004, Haryana, India
This form is for	Modification of charge
Type of charge	Book Debts Immovable Property Movable Property Floating Charge
Particular of charge holder	Punjab National Bank
Nature of instrument creating charge	Hypothecation Of Moveable Assets Forming Part Of Fixed/Block Assets, Hypothecation Of Assets To Secure Term Loans.
Date of instrument Creating the charge	27/09/2011
Amount secured by the charge	Rs.8.009 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Term Loan - Base Rate +4%+0.50% Tp (Presently Br=10.75%) As Per A Rating As Per Bank Guidelines.(Subject To Change From Time To Time). Terms of Repayment Repayable I 84 Monthly Installments Of Rs.23810/- Each. Starting From October, 2011 + Intt As And When Levied. Margin Margin - 25% Extent and Operation of the charge Hypothecation Of Existing Machinery Purchased By Bank Finance. Em Of Factory Land and Building At Plot No.23/25, 60 Ft Road, Opposite Carrymore Carne, P.O. Pali Sohna Road, Vill. Nangla Gujran Faridabad In The Name Of Sh. Lovleen Panchal. Personal Guarantee Of Vibhisan Panchal, Lovleen Panchal And Sachin Panchal. Extension Of The Charge Of All Current And Fixed Assets (Present And Future) In The Name Of The Company.
Short particulars of the property charged	Plot No.23/25, 60 Ft Road, Opposite Carrymore Carne, P.O. Pali Sohna Road, Vill. Nangla Gujran Faridabad
Particulars of the present modification	Limit Enhanced From Rs.60.09lacs To Rs.8.009 Millions Cc (Hyp Of Stock And Book Debts)Rs.5.000 Millions, Term Loan 1 Rs.0.784 Million, Term Loan Vehcile Rs.2.25lacs And Term Loan New Rs.2.000 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.56.42
UK Pound	1	Rs.87.37
Euro	1	Rs.69.95

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	SDA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
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	4
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		31

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.