MIRA INFORM REPORT

Report Date :

11.05.2012

IDENTIFICATION DETAILS

Name :	SHAKAMBARI FUELCO PRIVATE LIMITED (W.e.f. 13.04.2010)
Formerly Known As :	PALASH VANIJYA PRIVATE LIMITED
Registered Office :	Room No.214, 2^nd Floor, 7 Mangoe Lane, Kolkata – 700001, West Bengal
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	11.08.2008
Com. Reg. No.:	21-128416
Capital Investment / Paid-up Capital :	Rs.5.320 Millions
CIN No.: [Company Identification No.]	U10300WB2008PTC128416
Legal Form :	Private Limited Liability Company
Line of Business :	Dealing in Shares and Services.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 210000
Status :	Yet to commence activity
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Though the subject company is incorporated in 2008. The company is yet to commence its business activity. Trade relations are reported as fair. Business is active. Payments are unknown. The company can be considered for business dealings with some caution.

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 :	Room No.214, 2^nd Floor, 7 Mangoe Lane, Kolkata – 700001, West Bengal, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	bla.rocfiling@gmail.com ashokgarodia@gmail.com it.efilling@gmail.com

DIRECTORS

(AS ON 29.09.2011)

Name :

Mr. Raju Agarwal

Designation :

Director

Address :

10/8, Brijdham Housing Complex, Sribhumi, Kolkata – 7000487, West Bengal, India

Date of Birth/Age :

14.05.1958

Date of Appointment :

08.04.2010

DIN No.:

00485036

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	U51909WB1994PTC066416	R S COAL UDYOG PRIVATE LIMITED	Director	1/11/2003	1/11/2003	-	Active	NO
2	U51109WB1994PTC066424	R S FUEL PRIVATE LIMITED	Director	31/07/2004	31/07/2004	-	Active	NO
3	U45201WB2006PTC107695	AASHNA REALESTATE PRIVATE LIMITED	Director	3/2/2006	3/2/2006	-	Active	NO
4	U51109WB2007PTC115994	MILESTONE COMTRADE PRIVATE LIMITED	Director	1/6/2007	1/6/2007	-	Active	NO
5	U51109WB2007PTC115995	SATABDI VINTRADE PRIVATE LIMITED	Director	1/6/2007	1/6/2007	-	Active	NO
6	U51109WB2007PTC115996	AMRIT VINCOM PRIVAT LIMITED	Director	1/6/2007	1/6/2007	-	Active	NO
7	U51109WB2007PTC114664	PINSPOT TIE-UP PRIVATE LIMITED	Director	2/7/2007	2/7/2007	-	Active	NO
8	U51109WB2007PTC114584	CHRISTMAS DEALCOM PRIVATE LIMITED	Director	2/7/2007	2/7/2007	-	Active	NO
9	U51109WB2007PTC114663	LOGWOOD VINIMAY PRIVATE LIMITED	Director	2/7/2007	2/7/2007	-	Active	NO
10	U51109WB2007PTC113904	ALACRITY FILM PRODUCTIONS PRIVATE LIMITED	Director	2/7/2007	2/7/2007	-	Active	NO
11	U51909WB2007PTC114727	SYMPTOM TIE-UP PRIVATE LIMITED	Director	2/7/2007	2/7/2007	-	Active	NO
12	U51109WB2007PTC114500	SRABANI VYAPAAR PRIVATE LIMITED	Director	2/7/2007	2/7/2007	-	Active	NO
13	U51109WB2007PTC113675	BUZAARD VYAPAAR PRIVATE LIMITED	Director	2/7/2007	2/7/2007	-	Active	NO
14	U51109WB2007PTC113906	AMATEUR VINIMAY PRIVATE LIMITED	Director	2/7/2007	2/7/2007	-	Active	NO
15	U51109WB2007PTC114623	CHRISTMAS VINIMAY PRIVATE LIMITED	Director	2/7/2007	2/7/2007	-	Active	NO
16	U70100WB2007PLC120472	BENGAL SWASTIK INFRA LIMITED	Director	21/11/2007	21/11/2007	-	Active	NO
17	U91990WB2007NPL116333	MANI KARN OWNERS ASSOCIATION	Director	11/12/2007	11/12/2007	26/09/2010	Active	NO
18	U10300WB2008PTC128416	SHAKAMBARI FUELCO PRIVATE LIMITED	Director	8/4/2010	8/4/2010	18/04/2012	Active	NO
19	U51109WB2005PTC101467	R.S.COALFIELD PRIVATE LIMITED	Director	18/05/2010	18/05/2010	-	Active	NO
20	U52390WB2010PTC143591	ARAVALLI COMMOTRADE PRIVATE LIMITED	Additional director	30/07/2010	30/07/2010	19/09/2011	Active	NO
21	U45201WB2005PTC104223	BHUTNATH NEST PRIVATE LIMITED	Director	31/07/2010	31/07/2010	-	Active	NO
22	U32109WB1993PTC058945	TRIBHUWAN ELECTRONICS PRIVATE LIMITED	Director	1/12/2010	1/12/2010	-	Active	NO
23	U51109WB2007PTC112907	EASE DEALCOM PRIVATE LIMITED	Director	1/12/2011	1/12/2011	-	Active	NO

Name :

Mr. Raj Kumar Saraf

Designation :

Director

Address :

66, Hemchandra Naskar Road, 1^st Floor, Kolkata – 700010, Tamilnadu, India

Date of Birth/Age :

05.10.1945

Date of Appointment :

20.03.2010

DIN No.:

00552352

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	U25200JH1997PTC007712	GANESH POLY FILMS PRIVATE LIMITED	Director	1/8/2001	1/8/2001	5/12/2008	Active	NO
2	U51109WB1995PTC072656	DHANTERASH TRACON PRIVATE LIMITED	Director	18/11/2004	18/11/2004	13/05/2010	Active	NO
3	U45201WB2005PTC101848	YASH BUILDERS PRIVATE LIMITED	Director	23/02/2005	23/02/2005	16/03/2009	Active	NO
4	U70101WB2006PTC110515	VINAYAK NIKETAN PRIVATE LIMITED	Director	16/06/2007	21/12/2006	-	Active	NO
5	U70109WB2008PTC125048	SHAKAMBARI NIKETAN PRIVATE LIMITED	Director	22/04/2008	22/04/2008	-	Active	NO
6	U45400WB2009PTC138938	SHAKAMBARI NIWAS PRIVATE LIMITED	Director	16/10/2009	16/10/2009	-	Active	NO
7	U10300WB2008PTC128416	SHAKAMBARI FUELCO PRIVATE LIMITED	Director	20/03/2010	20/03/2010	-	Active	NO

Name :

Mr. Radhe Shyam Khaitan

Designation :

Director

Address :

194B/1A, Satin Sen Sarani, 4^th Floor,

Date of Birth/Age :

27.07.1948

Date of Appointment :

20.03.2010

DIN No.:

00552677

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	U51909WB1995PTC069452	RSK INVESTMENT PRIVATE LIMITED	Director	10/8/2004	10/8/2004	Active	NO
2	U70101WB2006PTC110515	VINAYAK NIKETAN PRIVATE LIMITED	Director	16/06/2007	10/10/2006	Active	NO
3	U70109WB2008PTC125048	SHAKAMBARI NIKETAN PRIVATE LIMITED	Director	22/04/2008	22/04/2008	Active	NO
4	U45400WB2009PTC137452	SHAKAMBARI ENCLAVE PRIVATE LIMITED	Director	4/8/2009	4/8/2009	Active	NO
5	U10300WB2008PTC128416	SHAKAMBARI FUELCO PRIVATE LIMITED	Director	20/03/2010	20/03/2010	Active	NO

Name :

Mr. Arun Kumar Choudhary

Designation :

Director

Address :

House No.1239, Sector 14, Faridabad – 121007, India

Date of Birth/Age :

13.02.1951

Date of Appointment :

20.03.2010

DIN No.:

01091707

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	U74899DL1995PTC072798	CHOUDHARY EARTH MOVERS PRIVATE LIMITED	Managing director	27/09/1995	27/09/1995	-	Active	NO
2	U45201WB2005PTC101848	YASH BUILDERS PRIVATE LIMITED	Director	23/02/2005	23/02/2005	4/6/2008	Active	NO
3	U70109WB2008PTC125048	SHAKAMBARI NIKETAN PRIVATE LIMITED	Director	22/04/2008	22/04/2008	-	Active	NO
4	U10300WB2008PTC128416	SHAKAMBARI FUELCO PRIVATE LIMITED	Director	20/03/2010	20/03/2010	-	Active	NO
5	U45400WB2010PTC151352	Y. C. INFRA PRIVATE LIMITED	Director	16/07/2010	16/07/2010	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 15.09.2010)

Names of Shareholders	No. of Shares
R. S. Fuel Private Limited, India	133000
Destiny Vintrade Private Limited, India	66500
RSK Investment Private Limited, India	133000
Vishudhi Vintrade Private Limited, India	66500
Shakambari Niwas Private Limited, India	133000
Total	532000

(AS ON 30.09.2011)

Equity Shares Break – up

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Dealing in Shares and Services.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	· Axis Bank Limited Nagpur Branch, Maharashtra, India

Banking Relations :	--
Auditors :
Name :	Bla and Associates Chartered Accountant
Address :	21, Hemant Basu sarani, Centre Point, 3^rd Floor, Room No.324, Kolkata – 700001, West Bengal, India
Tel No.:	91-33-22135669/ 22135670
PAN No.:	AAGFB0603E

CAPITAL STRUCTURE

(AS ON 29.09.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
540000	Equity Shares	Rs.10/- each	Rs.5.400 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
532000	Equity Shares	Rs.10/- each	Rs.5.320 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		5.320	5.320	5.320
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		47.100	46.981	46.981
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		52.420	52.301	52.301
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		52.420	52.301	52.301
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000	0.000	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		21.150	52.100	52.200
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	6.022	0.134	0.116
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	25.431	0.000	0.000
Total Current Assets		31.453	0.134	0.116
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor and Other Current Liabilities	0.175	0.002	0.108
	Provisions	0.054	0.001	0.000
Total Current Liabilities		0.229	0.003	0.108
Net Current Assets		31.224	0.131	0.008
MISCELLANEOUS EXPENSES		0.046	0.070	0.093
TOTAL		52.420	52.301	52.301

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		TOTAL	0.539	0.030	0.026
Less	EXPENSES
		TOTAL	0.368	0.029	0.025
	PROFIT BEFORE TAX		0.171	0.001	0.001
Less	TAX		0.053	0.000	0.000
	PROFIT AFTER TAX		0.118	0.001	0.001
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.002	0.001	0.000
	BALANCE CARRIED TO THE B/S		0.120	0.002	0.001
	Earnings Per Share (Rs.)		0.22	--	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	21.89	3.33	3.85
Return on Total Assets (PBT/Total Assets}	(%)	0.54	0.75	0.86
Return on Investment (ROI) (PBT/Networth)		0.00	0.00	0.00
Debt Equity Ratio (Total Liability/Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		137.35	44.67	1.07

LOCAL AGENCY FURTHER INFORMATION

Check list by info Agents	Available in Report (Yes/ No)
Year of Establishment	Yes
Locality of the Firm	Yes
Constitution of the Firm	Yes
Premises details	No
Type of Business	Yes
Line of Business	Yes
Promoter’s Background	Yes
No. of Employees	No
Name of Person Contacted	No
Designation of Contact person	No
Turnover of Firm for last three years	Yes
Profitability for last three years	Yes
Reasons for variation <> 20%	-----
Estimation for coming financial year	No
Capital in the business	Yes
Details of sister concerns	No
Major Suppliers	No
Major Customers	No
Payments Terms	No
Export/ Imports Details (If applicable)	No
Market Information	-----
Litigations that the firm/ Promoters Involved in	-----
Banking details	Yes
Banking Facility Details	No
Conduct of the Banking Account	-----
Buyer visit details	-----
Financials, if provided	Yes
Incorporation details is applicable	Yes
Last Accounts filed at ROC	Yes
Major Shareholders, if available	Yes

NOTE:

The Registered Office of the company has been shifted from 4, Ballav Das Street, 3^rd Floor, Kolkata – 700007, West Bengal, India, to the present address w.e.f. 08.04.2010.

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.53.34
UK Pound	1	Rs.86.11
Euro	1	Rs.69.07

INFORMATION DETAILS

Report Prepared by :

NIT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		26

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.