MIRA INFORM REPORT

Report Date :

24.05.2012

IDENTIFICATION DETAILS

Name :	SHREE PERFECT-TECH SOLUTIONS PRIVATE LIMITED Shree Dairytech Solutions TPW a division of SHREE PERFECT-TECH SOLUTIONS PRIVATE LIMITED
Registered Office :	Plot No.42, Deewan Udyog Nagar, Village Alliyaly, Palghar, Thane – 401404, Maharashtra
Country :	India
Financials (as on) :	31.12.2010
Date of Incorporation :	13.01.2010
Com. Reg. No.:	198865
Capital Investment / Paid-up Capital :	Rs.1.500 Millions
CIN No.: [Company Identification No.]	U93000MH2010PTC198865
Legal Form :	Private Limited Liability Company
Line of Business :	The company is engaged mainly in business of dairy products.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 17772
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a relatively new company having satisfactory track records. Trade relations are reported as fair. Business is active. Payments are reported 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

INFORMATION DECLINED BY

Unable to contact the company

LOCATIONS

Registered Office :	Plot No.42, Deewan Udyog Nagar, Village Alliyaly, Palghar, Thane – 401404, Maharashtra, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	dnyaneshwar@hotmail.com

DIRECTORS

AS ON 30.06.2011

Name :	Mr. Ajay Prakash Arora
Designation :	Director
Address :	3B-305, Dheeraj Enclave, Borivali (East), Mumbai – 400066, Maharashtra, India
Date of Birth/Age :	08.05.1941
Date of Appointment :	06.10.010

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	L01100MH1996PLC100380	USHER AGRO LIMITED	Director	29/12/2006	29/12/2006	-	Active	NO
2	U40102MH2007PLC172552	USHER ECO POWER LIMITED	Director	28/03/2008	20/07/2007	-	Active	NO
3	U67190MH2008PLC181733	USHER CAPITALS LIMITED	Director	30/09/2009	26/09/2009	-	Active	NO
4	U15400MH2008PLC179155	USHER OILS AND FOODS LIMITED	Director	30/09/2009	26/09/2009	-	Active	NO
5	U93000MH2010PTC198865	SHREE PERFECT-TECH SOLUTIONS PRIVATE LIMITED	Additional director	06/10/2010	06/10/2010	-	Active	NO

Name :	Mr. Amit Yashpal Malik
Designation :	Director
Address :	Building No.18, Flat No.404, Oshiwara, Amity Chs., New Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India
Date of Birth/Age :	04.12.1968
Date of Appointment :	01.06.2010

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	U52603MH2003PTC138634	CMN DISTRIBUTORS PRIVATE LIMITED	Director	10/01/2003	10/01/2003	-	Active	NO
2	U29191MH1995PTC084919	CIRCULAR AIRCON (INDIA) PRIVATE LIMITED	Director	01/08/2003	01/08/2003	-	Active	NO
3	U52603MH2005PTC155232	Circular Aircon Services Private Limited	Director	09/08/2005	09/08/2005	-	Active	NO
4	U93000MH2010PTC198865	SHREE PERFECT-TECH SOLUTIONS PRIVATE LIMITED	Additional director	01/06/2010	01/06/2010	-	Active	NO

Name :	Mr. Dnyaneshwar Babaji Phalke
Designation :	Director
Address :	A/69, Janata Colony, Worli Village, Mumbai – 400025, Maharashtra, India
Date of Birth/Age :	10.09.1976
Date of Appointment :	13.01.2010

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	U52599MH2007PTC168312	DN IMPEX PRIVATE LIMITED	Director	02/03/2007	02/03/2007	20/09/2010	Active	NO
2	U74900MH2007PTC172411	SPNR ESOLUTIONS PRIVATE LIMITED	Director	16/07/2007	16/07/2007	-	Active	NO
3	U15500MH2008PTC187325	SNNEHA NATURAL WORLD PRIVATE LIMITED	Director	07/10/2008	07/10/2008	23/12/2011	Active	NO
4	U52190MH2009PTC195618	EDWIN COMMERCE PRIVATE LIMITED	Additional director	22/09/2009	22/09/2009	-	Active	NO
5	U18101MH1996PTC100891	NRK OVERSEAS (INDIA) PRIVATE LIMITED	Director	26/09/2009	26/09/2009	-	Active	NO
6	U51900MH1995PLC095554	TAJIR OVERSEAS LIMITED	Additional director	11/12/2009	11/12/2009	-	Active	NO
7	U93000MH2010PTC198865	SHREE PERFECT-TECH SOLUTIONS PRIVATE LIMITED	Director	13/01/2010	13/01/2010	-	Active	NO
8	U01110MH1987PTC042428	KULT AGRO PRIVATE LIMITED	Additional director	01/02/2010	01/02/2010	-	Active	NO
9	U93000MH2010NPL199814	SETU PRAYAS SAMSADHAN FOUNDATION	Director	08/02/2010	08/02/2010	-	Active	NO
10	U51900MH1997PTC107273	CHAMPION SUPERMARKET PRIVATE LIMITED	Additional director	17/03/2010	17/03/2010	-	Active	NO
11	U74120MH2011PTC211876	SARVAJITA GRAMIN VENTURE PRIVATE LIMITED	Director	05/01/2011	05/01/2011	-	Active	NO
12	U74900MH2011PTC212198	SANJHA DISTRIBUTION PRIVATE LIMITED	Director	11/01/2011	11/01/2011	-	Active	NO
13	U74999MH2011PTC212285	SAJHA RURAL BUSINESS PRIVATE LIMITED	Director	13/01/2011	13/01/2011	-	Active	NO
14	U74900MH2011PTC212338	SANJHA RURAL LOGISTICS PRIVATE LIMITED	Director	14/01/2011	14/01/2011	-	Active	NO
15	U74990MH2011PTC212581	SHUDH FARMTOFORK PRIVATE LIMITED	Director	20/01/2011	20/01/2011	-	Active	NO
16	U74120MH2011PTC212629	SAB SAMAAN FRESH PRODUCE PRIVATE LIMITED	Director	21/01/2011	21/01/2011	-	Active	NO
17	U63000MH2011PTC212710	SANJHI COLD CHAIN PRIVATE LIMITED	Director	27/01/2011	27/01/2011	-	Active	NO
18	U74999MH2011PTC215498	D & A DAINIK DAIRY PRODUCTS PRIVATE LIMITED	Director	29/03/2011	29/03/2011	-	Active	NO
19	U74120MH2011PTC215846	DAINIK NUTRITION FOODS PRIVATE LIMITED	Director	06/04/2011	06/04/2011	-	Active	NO
20	U74120MH2011PTC216008	D & A NATURAL PRODUCE PRIVATE LIMITED	Director	11/04/2011	11/04/2011	-	Active	NO
21	U15400MH2011PTC219735	OZY FRESH FOODS PRIVATE LIMITED	Director	13/07/2011	13/07/2011	-	Active	NO
22	U15122MH2011PTC220746	SIXPACK NUTRITION PRIVATE LIMITED	Director	09/08/2011	09/08/2011	-	Active	NO

Name :	Mr. Ramkrishna Dubey
Designation :	Director
Address :	304, Saraswati Sadan No.7, C, Navghar Nagar, Bhayander (East), Mumbai – 401105, Maharashtra, India
Date of Birth/Age :	08.05.1972
Date of Appointment :	13.01.2010
Date of Ceasing:	06.10.2010

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.06.2011

Names of Shareholders	No. of Shares
Dnyaneshwar Babaji Phalke	5000
Ramkrishna Dubey	5000
Total	10000

AS ON 30.06.2011

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is engaged mainly in business of dairy products.

GENERAL INFORMATION

Bankers :

Not Available

Facilities :

UNSECURED LOAN	Rs. In Millions 31.03.2010
Unsecured Loan	1.000
TOTAL	1.000

Banking Relations :	--
Auditors :
Name :	J Singh and Associates Chartered Accountant
Address :	12 Randarshan Jilaeenagar, Dombivali, Thane – 421201, Maharashtra, India
Associates/Subsidiaries :	NA

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
150000	Equity Shares	Rs.10/- each	Rs.1.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Millions
	Share Application A/c (Including Premium)		Rs.1.400 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.12.2010
SHAREHOLDERS FUNDS
1] Share Capital		1.500
2] Share Application Money		0.000
3] Reserves & Surplus		2.943
4] (Accumulated Losses)		0.000
NETWORTH		4.443
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		1.000
TOTAL BORROWING		1.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		5.443
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		5.143
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3.535
	Sundry Debtors	1.612
	Cash & Bank Balances	1.575
	Other Current Assets	0.000
	Loans & Advances	8.812
Total Current Assets		15.534
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	15.299
	Other Current Liabilities	0.000
	Provisions	0.155
Total Current Liabilities		15.454
Net Current Assets		0.080
MISCELLANEOUS EXPENSES		0.220
TOTAL		5.443

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.12.2010
	SALES
		Income	44.024
		Other Income	0.000
		TOTAL (A)	44.024
Less	EXPENSES
		Cost of Material	31.976
		Administrative, Selling and Other Expenses	9.004
		Miscellaneous Expenses	0.055
		TOTAL (B)	41.035
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		2.989
Less	FINANCIAL EXPENSES (D)		0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2.989
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.016
	PROFIT BEFORE TAX (E-F) (G)		2.973
Less	TAX (I)		0.030
	PROFIT AFTER TAX (G-I) (J)		2.943

KEY RATIOS

PARTICULARS		31.12.2010
PAT / Total Income	(%)	6.68
Net Profit Margin (PBT/Sales)	(%)	6.75
Return on Total Assets (PBT/Total Assets}	(%)	14.38
Return on Investment (ROI) (PBT/Networth)		0.67
Debt Equity Ratio (Total Liability/Networth)		3.70
Current Ratio (Current Asset/Current Liability)		1.01

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)	--
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	No
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	Yes
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:

Site visit was conducted on the following address:

47/396 Ground RWO House, Unnat Nagar No 2 Off S V Road Goregaon(West), Mumbai – 400062, India.

But the door was found locked, after inquiring from neighbours office. We came to know that premises has been locked from many months, we have no further information on subject company.

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] 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.55.93
UK Pound	1	Rs.88.14
Euro	1	Rs.70.87

INFORMATION DETAILS

Report Prepared by :

SDA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
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	4
--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		42

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.