MIRA INFORM REPORT

Report Date :

21.05.2012

IDENTIFICATION DETAILS

Name :	B.K. INTERNATIONAL PRIVATE LIMITED
Registered Office :	A-125/1, Wazirpur Industrial Area, New Delhi-110052
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	26.12.2006
Com. Reg. No.:	55-157013
Capital Investment / Paid-up Capital :	Rs.37.893 Millions
CIN No.: [Company Identification No.]	U74999DL2006PTC157013
TAN No.: [Tax Deduction & Collection Account No.]	DELB10870G
PAN No.: [Permanent Account No.]	AADCB0202H
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing and Trading of Garments.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 170000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Profitability of the company appears to 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 business dealings with some cautions.

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 :	A-125/1, Wazirpur Industrial Area, New Delhi-110052, India
Tel. No.:	91-11-27376113/27857039
Fax No.:	Not Available
E-Mail :	smprofessional588@gmail.com

DIRECTORS

As on 26.09.2011

Name :

Mr. Ratan Kumar Agarwal

Designation :

Director

Address :

C-1/62, Phase II, Ashok Vihar, New Delhi-110052, India

Date of Birth/Age :

03.02.1950

Date of Appointment :

06.03.2009

Pan No.:

ABOPA2028H

Din No.:

00643046

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	U74899DL1994PTC060451	SURAJ IMPEX PRIVATE LIMITED	Director	01-11-08	01-11-08	30-11-08	Active	NO
2	U74999DL2006PTC157013	B. K. INTERNATIONAL PRIVATE LIMITED	Director	06-03-09	06-03-09	-	Active	NO
3	U18202DL2011PTC216173	DEEPBHUMI GARMENTS PRIVATE LIMITED	Director	18-03-11	18-03-11	-	Active	NO
4	U18109DL2012PLC231519	VENUS KNITFAB LIMITED	Director	15-02-12	15-02-12	-	Active	NO

Name :

Mr. Ashok Kumar Agarwal

Designation :

Director

Address :

C-1/62, Phase II, Ashok Vihar, New Delhi-110052, India

Date of Birth/Age :

26.01.1964

Date of Appointment :

06.03.2009

Pan No.:

ADOPA3094B

Din No.:

02531198

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	U74999DL2006PTC157013	B. K. INTERNATIONAL PRIVATE LIMITED	Director	06-03-09	06-03-09	Active	NO
2	U18202DL2011PTC216173	DEEPBHUMI GARMENTS PRIVATE LIMITED	Director	18-03-11	18-03-11	Active	NO
3	U18109DL2012PLC231519	VENUS KNITFAB LIMITED	Director	15-02-12	15-02-12	Active	NO

Name :

Mr. Pawan Ved Prakash Agarwal

Designation :

Director

Address :

C-1/62, Phase II, Ashok Vihar, New Delhi-110052, India

Date of Birth/Age :

06.05.1968

Date of Appointment :

06.03.2009

Pan No.:

AFXPA1045H

Din No.:

01060549

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	U74899DL1991PTC042796	SANJAY MERCANTILE PRIVATE LIMITED	Director	15-12-97	15-12-97	-	Active	NO
2	U74899DL1994PTC060451	SURAJ IMPEX PRIVATE LIMITED	Director	01-11-08	01-11-08	30-11-08	Active	NO
3	U74999DL2006PTC157013	B. K. INTERNATIONAL PRIVATE LIMITED	Director	06-03-09	06-03-09	-	Active	NO
4	U18202DL2011PTC216173	DEEPBHUMI GARMENTS PRIVATE LIMITED	Director	18-03-11	18-03-11	-	Active	NO
5	U18109DL2012PLC231519	VENUS KNITFAB LIMITED	Director	15-02-12	15-02-12	-	Active	NO

Name :

Mr. Jitender Ratan Agarwal

Designation :

Director

Address :

C-1/62, Phase II, Ashok Vihar, New Delhi-110052, India

Date of Birth/Age :

01.09.1972

Date of Appointment :

06.03.2009

Pan No.:

ADOPA3090D

Din No.:

00643072

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	U51311DL1999PTC099989	BEE KAY ENTREPRENEURS PRIVATE LIMITED	Director	28-05-99	28-05-99	20-01-08	Active	NO
2	U74999DL2006PTC157013	B. K. INTERNATIONAL PRIVATE LIMITED	Director	06-03-09	06-03-09	-	Active	NO
3	U18202DL2011PTC216173	DEEPBHUMI GARMENTS PRIVATE LIMITED	Director	18-03-11	18-03-11	-	Active	NO
4	U18109DL2012PLC231519	VENUS KNITFAB LIMITED	Director	15-02-12	15-02-12	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 26.09.2011

Names of Shareholders	No. of Shares
Ashok Kumar Agarwal	1105808
Dhanpali Devi Agarwal	10000
Iswar Lal Agarwal	18300
Jitender Ratan Agarwal	597563
Pawan Ved Prakash Agarwal	809214
Ratan Kumar Agarwal	1248405
Total	3789290

As on 26.09.2011

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

BUSINESS DETAILS

Line of Business :

Manufacturing and Trading of Garments.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Bank of India, Bank Street Branch, Karol Bagh, New Delhi-110005, India

Facilities :

Secured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Term Loan from Bank		10.895
Advance against export bills	1.940	0.406
Car loan from Bank of India		0.351
Total	1.940	11.652

Banking Relations :	--
Auditors :
Name :	K.C. Singhal and Associates Chartered Accountants
Address :	B-1/21, Ground Floor, Yamuna Vihar, New Delhi-110053, India
Tel. No.:	91-11-22911503/22919305/22914571
Mobile No.:	91-9711519991-92/9810055034/9810092492
Fax No.:	91-11-22914571
E-Mail :	kcsinghal_ca@yahoo.co.in kcsinghal_ca@sify.com
Pan No.:	AAFFK6175M

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
4000000	Equity Shares	Rs.10/- each	Rs.40.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3789290	Equity Shares	Rs.10/- each	Rs.37.893 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		37.893	37.893	14.883
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		4.777	2.543	0.591
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		42.670	40.436	15.474
LOAN FUNDS
1] Secured Loans		1.940	11.652	0.000
2] Unsecured Loans		43.390	34.472	0.038
TOTAL BORROWING		45.330	46.124	0.038
DEFERRED TAX LIABILITIES		0.246	0.000	0.026
TOTAL		88.246	86.560	15.538
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		33.525	30.258	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		1.751	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.014	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	63.722	45.303	0.000
	Sundry Debtors	99.271	78.440	0.000
	Cash & Bank Balances	0.665	0.777	0.098
	Other Current Assets	15.809	18.153	0.000
	Loans & Advances	0.780	0.717	15.974
Total Current Assets		180.247	143.390	16.072
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors		22.204	0.000
	Other Current Liabilities	126.614	64.250	0.703
	Provisions	0.890	0.914	0.135
Total Current Liabilities		127.504	87.368	0.838
Net Current Assets		52.743	56.022	15.234
MISCELLANEOUS EXPENSES		0.227	0.266	0.304
TOTAL		88.246	86.560	15.538

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2011	31.03.2010	31.03.2009
	GROSS RECEIPTS	306.104	243.001	1.029
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	6.878	6.260	0.477
Less/ Add	DEPRECIATION/ AMORTISATION	3.493	3.435	0.000
	PROFIT / (LOSS) BEFORE TAX	3.385	2.825	0.477
Less	TAX	1.151	0.873	0.147
	PROFIT / (LOSS) AFTER TAX	2.234	1.952	0.330
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	2.543	0.591	0.261
	BALANCE CARRIED TO THE B/S	4.777	2.543	0.591
	Earnings / (Loss) Per Share (Rs.)	0.59	0.52	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
Return on Total Assets (PBT/Total Assets}	(%)	1.58	1.63	2.97
Return on Investment (ROI) (PBT/Networth)		0.08	0.07	0.03
Debt Equity Ratio (Total Liability/Networth)		4.05	3.30	0.06
Current Ratio (Current Asset/Current Liability)		1.41	1.64	19.18

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	No
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 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 433, Neelkanth Apartment, Block 4, Sector-13, Rohini, New Delhi-110085, India to the present address w.e.f. 16.03.2009.

OPERATIONS:

During the year, company has carried out activities of manufacturing and trading of garments.

FUTURE PROSPECTS:

Company has been exploring the possibilities of its business and selling of major products all over India and Abroad.

BANKERS CHARGES REPORT AS PER REGISTRY

This form is for	Creation of charge
Corporate identity number of the company	U74999DL2006PTC157013
Name of the company	B. K. INTERNATIONAL PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	A-125/1, Wazirpur Industrial Area, New Delhi-110052, India
Type of charge	Book Debts Movable Property [not being pledge] Floating Charge
Particular of charge holder	Bank of India, Bank Street Branch, Karol Bagh, New Delhi-110005, India
Email	ca_rcg@yahoo.co.in
Nature of description of the instrument creating or modifying the charge	Agreement of Term Loan and hypothecation of moveable assets/goods/property/plant and machinery dated 07.09.2011 and Term Loan Agreement dated 07.09.2011
Date of instrument Creating the charge	07.09.2011
Amount secured by the charge	Rs.7.500 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest @ 4% p.a. over Base Rate of the Bank i.e. 14.75% p.a. at present at monthly rest or at such rate(s) as may be specified by the Bank from time to time. Terms of Repayment Repayable in equal monthly installments of Rs. 0.104 million each commencing from 30.09.2012 till the entire loan with interest and other charges is repaid in full. Interest is to be serviced as and when due. Margin As per terms of sanction. Extent and Operation of the charge 100% Others To secure all amounts payable under Term Loan of Rs. 7.500 millions granted to the Company together with all interests, costs, charges, expenses etc.
Short particulars of the property charged	Hypothecation of all machineries acquired or to be acquired out of the Term Loan granted by the Bank of the Agreement installed/stored or to be installed/stored at Company's Premises at New Delhi/Rai (Haryana) or at any other place including those in transit. Collaterally secured by entire current assets and other plant and machinery and fixed assets of the Company - both present and future.

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.54.87
UK Pound	1	Rs.86.46
Euro	1	Rs.69.49

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
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	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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		28

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.