MIRA INFORM REPORT

Report Date :

09.06.2012

IDENTIFICATION DETAILS

Name :	PLACID TRADELINKS PRIVATE LIMITED
Registered Office :	Office No. 36, Shrinaman Plaza, Behind Shoppers Stop, Kandivali (West), Mumbai -400067, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	30.11.1998
Com. Reg. No.:	11-117276
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U51900MH1998PTC117276
TAN No.: [Tax Deduction & Collection Account No.]	MUMP10492G
PAN No.: [Permanent Account No.]	AABCV0848F
Legal Form :	Private Limited Liability Company
Line of Business :	The Company is mainly engaged in the dealing of oils.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 9900
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reports to be usually correct and as per commitments. The company can be considered normal 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

LOCATIONS

Registered Office :	Office No. 36, Shrinaman Plaza, Behind Shoppers Stop, Kandivali (West), Mumbai -400067, Maharashtra, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	jam301@rediffmail.com

DIRECTORS

As on 30.09.2011

Name :

Mr. Sunil Gangrade

Designation :

Director

Address :

267, Tilak Nagar, Indore – 452001, Madhya Pradesh, India

Date of Birth/Age :

19.10.1965

Qualification :

B.Com

Date of Appointment :

30.03.1999

DIN No.:

00169221

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	U51900MH1995PTC095688	UDAYAN MERCANTILE PRIVATE LIMITED	Director	1/3/1996	1/3/1996	-	Active	NO
2	U51900MH1998PTC117276	PLACID TRADELINKS PRIVATE LIMITED	Director	30/03/1999	30/03/1999	-	Active	NO
3	U51900MH1999PTC120874	JAVA IMPEX PRIVATE LIMITED	Director	19/07/1999	19/07/1999	-	Active	NO
4	U51900MH1999PTC120907	YATISH IMPEX PRIVATE LIMITED	Director	21/07/1999	21/07/1999	-	Active	NO
5	U51900MH1999PTC121190	AISHWARYA MARKTRADE (INDIA) PRIVATE LIMITED	Director	9/8/1999	9/8/1999	-	Active	NO
6	U51900MH1998PTC115705	NOVA TRADING PRIVATE LIMITED	Director	30/09/1999	30/09/1999	22/10/2010	Active	NO

Name :

Mr. Sunil Khandelwal

Designation :

Director

Address :

12/3, South Harsidhi, Indore – 452001, Madhya Pradesh, India

Date of Birth/Age :

12.10.1968

Qualification :

M.Com

Date of Appointment :

30.03.1999

DIN No.:

00907490

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	U70101MP1996PTC010335	SAMRADHI REAL ESTATE PRIVATE LIMITED	Director	8/1/1996	8/1/1996	-	Active	NO
2	U15490MP1996PTC011127	REVERA MILK AND FOODS PRIVATE LIMITED	Director	19/08/1996	19/08/1996	3/2/2011	Active	NO
3	U51900MH1998PTC117276	PLACID TRADELINKS PRIVATE LIMITED	Director	30/03/1999	30/03/1999	-	Active	NO
4	U51100MH1999PTC120252	MINERVA TRADELINK PRIVATE LIMITED	Director	9/6/1999	9/6/1999	-	Active	NO
5	U99999MH1986PTC038710	SPIDER IMPEX PRIVATE LIMITED	Director	1/11/1999	1/11/1999	1/11/2009	Active	NO
6	U74899DL1996PTC076414	MONEY CAPFIN PRIVATE LIMITED	Director	4/10/2006	4/10/2006	-	Active	NO
7	U67120MP1994PTC008656	INDORE TELEPHONE COMPANY PRIVATE LIMITED	Director	1/11/2006	1/11/2006	-	Active	NO
8	U70101MP1992PTC007078	SWASTIK WORLD WIDE PRIVATE LIMITED	Director	4/11/2006	4/11/2006	-	Active	NO
9	U01110MH1998PTC117540	LUCAS MEYER INDUSTRIES PRIVATE LIMITED	Director	6/11/2006	6/11/2006	-	Active	NO
10	U65921MP1996PTC011000	VATSALYA FINVEST PRIVATE LIMITED	Director	10/11/2006	10/11/2006	-	Active	NO
11	U45203MH1996PTC103821	GUJARAT PORT AND TERMINALS PRIVATE LIMITED	Director	16/11/2006	16/11/2006	-	Active	NO
12	U24117MH1995PTC086793	PARAM ALKALIES PRIVATE LIMITED	Director	17/01/2007	17/01/2007	-	Active	NO
13	U51900MH1998PTC115705	NOVA TRADING PRIVATE LIMITED	Director	25/05/2007	25/05/2007	-	Active	NO
14	U26942MP1992PTC007345	KEYNOTE INDUSTRIES PRIVATE LIMITED	Director	25/09/2009	15/01/2009	-	Active	NO
15	U65921MP1996PTC011001	URVASHI WORLD WIDE PRIVATE LIMITED	Director	29/09/2009	28/02/2009	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Sunil Gangrade	5100
Deepak Mishra	4900
Total	10000

As on 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	51.00
Other top fifty shareholders	49.00
Total	100.00

BUSINESS DETAILS

Line of Business :

The Company is mainly engaged in the dealing of oils.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	Not Available

Banking Relations :	--
Auditors :
Name :	Ashutosh Gokhale and Company Chartered Accountants
Address :	206, Manas Bhawan Extension, 11, RNT Marg, Indore-452001, Madhya Pradesh, India
PAN.:	AAQFA0072L
Entities where key management personnel or their relative have significant influence :	· Nova Trading Private Limited · Aishwarya Marktrade Private Limited · Minerva Tradelinks Private Limited · Udyan Mercantile Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 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		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		2.399	1.799	1.478
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2.499	1.899	1.578
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		2.499	1.899	1.578
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000	0.000	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.034	0.034	0.034
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.074	3.761	3.747
	Sundry Debtors	1159.612	868.914	249.614
	Cash & Bank Balances	4.605	4.142	4.129
	Other Current Assets	0.578	0.332	0.026
	Loans & Advances	251.821	79.786	63.085
Total Current Assets		1416.690	956.935	320.601
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1412.644	954.382	317.979
	Other Current Liabilities	0.640	0.087	0.657
	Provisions	0.941	0.601	0.421
Total Current Liabilities		1414.225	955.070	319.057
Net Current Assets		2.465	1.865	1.544
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2.499	1.899	1.578

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	8867.458	4760.515	855.374
		Other Income		2.027	0.258
		TOTAL	8867.458	4762.542	855.632
Less	EXPENSES
		Increase in Stocks		(0.013)	(2.506)
		Purchase	NA	4755.214	855.444
		Others Expenses		6.838	1.956
		TOTAL	NA	4762.039	854.894
Less	PROFIT BEFORE INTEREST And TAX		NA	0.503	0.738
Less	FINANCIAL EXPENSES		NA	0.002	0.000
	PROFIT BEFORE TAX		NA	0.501	0.738
Less	TAX		NA	0.180	0.250
	PROFIT AFTER TAX		0.601	0.321	0.488
	BALANCE CARRIED TO THE B/S		NA	0.321	0.488
	EARNINGS IN FOREIGN CURRENCY
		Cotton Export	19.625	0.000	0.000
	TOTAL EARNINGS		19.625	0.000	0.000
	Earnings Per Share (Rs.)		60.05	32.11	48.79

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.01	0.01	0.06
Net Profit Margin (PBT/Sales)	(%)	NA	0.01	0.09
Return on Total Assets (PBT/Total Assets}	(%)	NA	0.05	0.23
Return on Investment (ROI) (PBT/Networth)		NA	0.26	0.31
Debt Equity Ratio (Total Liability/Networth)		565.91	502.93	202.19
Current Ratio (Current Asset/Current Liability)		1.00	1.00	1.00

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	No
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	Yes
8) No. of employees	No
9) Name of person contacted	No
10) Designation of contact person	No
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	No
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	No
20) Export / Import details (if applicable)	No
21) Market information	--
22) Litigations that the firm / promoter	--
23) Banking Details	No
24) Banking facility details	No
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 A 4, Shivam Shopping Centre, Opposite New Eratheater, Malad (West), Mumbai – 400064, Maharashtra, India to present address w.e.f. 02.12.2010.

OPERATIONS:

During the year, the sales and other income of the Company have been Rs.8867.458 Millions as compared to that of Rs.4762.541 Millions recorded in the previous year. The Company's net profit of the Company for the year is Rs. 0.601 Million as compared to Rs.0.321 Million recorded in last year.

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.55.36
UK Pound	1	Rs.85.64
Euro	1	Rs.69.12

INFORMATION DETAILS

Report Prepared by :

NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
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	5
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		45

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.