MIRA INFORM REPORT

Report Date :

05.11.2012

IDENTIFICATION DETAILS

Name :	KREDENCE MULTI TRADING LIMITED [w.e.f.02.03.2009]
Formerly Known As :	SANJUG TRADING COMPANY LIMITED
Registered Office :	530, Nav Vyapar Bhavan, 49 P.D. Mello Road, Carnac Bunder, Mumbai – 400009, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	04.02.1984
Com. Reg. No.:	11-031992
Capital Investment / Paid-up Capital :	Rs.9.405 Millions
CIN No.: [Company Identification No.]	U51900MH1984PLC031992
TAN No.: [Tax Deduction & Collection Account No.]	MUMS38900B
PAN No.: [Permanent Account No.]	AAACS0778A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trader of Hot Rolled Coils/ Sheets/ Plates, Cold Rolled Coils/ Sheets and Galvanized Coils/ Sheets.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 1070000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is promoted by Miglani Family. It is an established company having satisfactory track record. Trade relations are reported as decent. Business is active. Payments terms are usually correct. 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	A3 [Non-Fund Based Limit – Short Term]
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	May 2012

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office :	530, Nav Vyapar Bhavan, 49 P.D. Mello Road, Carnac Bunder, Mumbai – 400009, Maharashtra, India
Tel. No.:	91-22-66361316
Fax No.:	91-22-66361317
E-Mail :	sanjug1984@gmail.com

DIRECTORS

AS ON 29.09.2012

Name :

Mr. Rolph Sequeira

Designation :

Director

Address :

B/4,704,High Land Park, Jai Shastri Nagar, Mulund (West), Mumbai-400 082, Maharashtra, India

Date of Birth/Age :

21.06.1960

Date of Appointment :

04.04.2005

DIN No.:

00367084

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U67120MH1995PTC095602	GUNJAR INVESTMENT AND TRADING PRIVATE LIMITED	Director	01/03/1998	01/03/1996	-	Active	NO
2	U67120MH1996PTC096366	KASTURI HOLDINGS PRIVATE LIMITED	Director	02/04/1996	02/04/1996	-	Active	NO
3	U65910MH1996PTC095837	RAGINI CREDIT CAP PRIVATE LIMITED	Director	22/08/1996	22/08/1996	-	Active	NO
4	U67120MH1995PTC095416	GOPESH FINANCE AND INVESTMENT PRIVATE LIMITED	Director	22/08/1996	22/08/1996	-	Active	NO
5	U70101MH1994PTC081160	OPASA STEELS PRIVATE LIMITED	Director	17/04/1997	17/04/1997	18/09/2012	Active	NO
6	U45202MH1994PTC081286	PARITOSA PROPERTIES PRIVATE LIMITED	Director	17/04/1997	17/04/1997	-	Active	NO
7	U70101MH1994PTC081366	HELI PROPERTIES PRIVATE LIMITED	Director	17/04/1997	17/04/1997	-	Active	NO
8	U45202MH1994PTC081324	BAKURA PROPERTIES PRIVATE LIMITED	Director	17/04/1997	17/04/1997	-	Active	NO
9	U29248MH1981PLC025932	METALLURGICAL ENGINEERING AND EQUIPMENTS LIMITED	Director	26/03/2003	26/03/2003	-	Active	NO
10	U51900MH1982PTC028710	UTTAM EXPORTS PRIVATE LIMITED	Director	22/09/2004	22/09/2004	-	Active	NO
11	U51900MH1984PLC031992	KREDENCE MULTI TRADING LIMITED	Director	04/04/2005	04/04/2005	-	Active	NO
12	U51110GJ1992PTC018050	EKAGRA TRADING AND INVESTMENTS PRIVATE LIMITED	Director	25/04/2005	25/04/2005	-	Active	NO
13	U65990GJ1992PTC018048	MOUNT TRADING AND INVESTMENTS PVT LTD	Director	25/04/2005	25/04/2005	-	Active	NO
14	U67120MH1991PTC062708	POPULAR RESOLUTE INVESTMENTS PRIVATE LIMITED	Director	25/05/2005	25/05/2005	-	Active	NO
15	U99999MH1991PTC062709	POPULAR BUFFER INVESTMENTS PRIVATE LIMITED	Director	25/05/2005	25/05/2005	-	Active	NO
16	U67120MH1991PTC062713	POPULAR CONSCIOUS INVESTMENTS PRIVATE LIMITED	Director	25/05/2005	25/05/2005	-	Active	NO
17	U99999MH1991PTC062711	POPULAR CHOOSY INVESTMENTS PRIVATE LIMITED	Director	25/05/2005	25/05/2005	-	Active	NO
18	U45201MH2006PTC165166	VAIKUNTH TOWNSHIPS PRIVATE LIMITED	Director	17/10/2006	17/10/2006	-	Active	NO
19	U51100MH1998PTC115425	PALAK AGENCY PRIVATE LIMITED	Director	02/03/2007	02/03/2007	01/04/2008	Active	NO
20	U72300MH2007PTC170301	HB.COM PRIVATE LIMITED	Director	25/04/2007	25/04/2007	-	Active	NO
21	U27106MH2007PLC172719	FIRST WARDHA STEEL LIMITED	Director	30/09/2009	25/03/2009	-	Active	NO
22	U01400MH2006PTC165366	ATITHI AGRICULTURAL PRIVATE LIMITED	Director	30/09/2009	19/06/2009	-	Active	NO
23	U65990MH1992PTC068801	HEM INVESTMENT PRIVATE LIMITED	Director	30/09/2010	29/01/2010	-	Active	NO
24	U45200MH1997PTC112493	VAIDEHI-AKASH HOUSING PRIVATE LIMITED	Additional director	23/11/2010	23/11/2010	24/11/2010	Active	NO

Name :

Mrs. Divya Dhawan

Designation :

Director

Address :

B-9 6491, Vasant Kunj, New Delhi, 110070, Delhi, India

Date of Birth/Age :

04.09.1983

Date of Appointment :

11.05.2009

DIN No.:

02202030

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U74140DL2008PTC182129	HEMERA INDIA PRIVATE LIMITED	Director	18/08/2008	18/08/2008	Active	NO
2	U74140MH2009PTC191323	HEMERA GLOBAL TRADE PRIVATE LIMITED	Additional director	30/03/2009	30/03/2009	Active	NO
3	U51900MH1984PLC031992	KREDENCE MULTI TRADING LIMITED	Director	30/09/2009	11/05/2009	Active	NO

Name :

Mr. Debkumar Goswami

Designation :

Director

Address :

A/501, Vigyanshila, 7 Bunglow, New Juhu Versova Link Road, Andheri (West), Mumbai - 400061, Maharashtra, India

Date of Birth/Age :

10.02.1946

Date of Appointment :

11.05.2009

DIN No.:

02390068

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U65990MH1988PLC212607	SHREE UTTAM STEEL AND POWER LIMITED	Director	30/09/2009	08/10/2008	-	Amalgamated	NO
2	U21000MH1992PLC067108	GREEN EARTH EDUCATION LIMITED	Additional director	18/03/2009	18/03/2009	28/06/2010	Active	NO
3	U51900MH1984PLC031992	KREDENCE MULTI TRADING LIMITED	Director	30/09/2009	11/05/2009	-	Active	NO
4	L17120MH1990PLC058818	SHEKHAWATI POLY-YARN LIMITED	Director	04/05/2010	04/05/2010	16/03/2011	Active	NO
5	U65990MH2010PTC198262	CHOICE CAPITAL ADVISORS PRIVATE LIMITED	Director	27/09/2012	08/06/2010	-	Active	NO
6	U74999MH2008PTC180977	KEJRIWAL RE-CYCLING PRIVATE LIMITED	Additional director	28/06/2010	28/06/2010	07/08/2010	Active	NO
7	L67190MH1993PLC071117	CHOICE INTERNATIONAL LIMITED	Director	30/09/2011	30/05/2011	-	Active	NO

Name :

Mr. Anuj Miglani

Designation :

Director

Address :

Samruddhi, 22, Alta Mount Road, Opp. Aza, Mumbai - 400 026, Maharashtra, India

Date of Birth/Age :

01.04.1974

Date of Appointment :

06.07.2010

DIN No.:

00287097

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U15410MH1994PTC078062	UTTAM AGRO FOODS (INDIA) PRIVATE LIMITED	Director	15/12/1998	15/12/1998	08/01/2010	Active	NO
2	U15310MH1982PTC028104	UTTAM FLOUR MILLS PVT LIMITED	Director	01/04/1999	01/04/1999	08/01/2010	Active	NO
3	U51900MH1989PTC051001	KARISHMA TRADING COMPANY PRIVATE LIMITED	Director	13/10/2001	13/10/2001	-	Active	NO
4	L27104MH1985PLC035806	UTTAM GALVA STEELS LIMITED	Managing director	28/07/2010	10/11/2001	-	Active	NO
5	U27104MH2002PLC135119	UTTAM UTKAL STEELS LIMITED	Director	11/03/2002	11/03/2002	-	Active	NO
6	U99999MH2002PTC136311	S.S. FLOUR MILLS (KHOPOLI) PRIVATE LIMITED	Director	25/06/2002	25/06/2002	08/01/2010	Active	NO
7	U67120MH1981PTC025930	ARCHISHA INVESTMENTS PRIVATE LIMITED	Director	19/08/2002	19/08/2002	-	Active	NO
8	U29248MH1981PLC025932	METALLURGICAL ENGINEERING AND EQUIPMENTS LIMITED	Director	26/03/2003	26/03/2003	-	Active	NO
9	U51900MH1977PTC019695	BARCLAY EXPORTS PRIVATE LIMITED	Director	26/03/2003	26/03/2003	-	Active	NO
10	U51311MH1971PTC015460	SAINATH TRADING COMPANY PRIVATE LIMITED	Director	20/06/2005	20/06/2005	-	Active	NO
11	U29250MH2005PTC155688	UTTAM FOOD INFRASTRUCTURE PARK PRIVATE LIMITED	Director	26/08/2005	26/08/2005	15/01/2010	Active	NO
12	U65990MH1988PLC212607	SHREE UTTAM STEEL AND POWER LIMITED	Director	30/09/2006	10/02/2006	-	Amalgamated	NO
13	U27100MH2006PTC160649	TEXTURING TECHNOLOGY PRIVATE LIMITED	Director	22/03/2006	22/03/2006	05/06/2009	Active	NO
14	U51909MH2005PTC151831	EVERGREEN TRADEPLACE PRIVATE LIMITED	Director	30/09/2006	02/08/2006	-	Active	NO
15	U51900HR1997PLC047058	GROW WELL MERCANTILE LIMITED	Director	30/09/2006	14/09/2006	15/04/2011	Active	NO
16	U27310MH2006PLC165173	SHREE UTTAM STEEL AND POWER LIMITED	Director	06/11/2006	06/11/2006	-	Active	NO
17	U60231MH2007PTC172221	ULTIMATE LOGISTICS SOLUTIONS PRIVATE LIMITED	Director	01/10/2012	10/07/2007	-	Active	NO
18	U27200HR2007PLC037927	UTTAM GALVA METALLICS LIMITED	Director	13/09/2007	13/09/2007	-	Active	NO
19	U51420MH2008PLC184679	UTTAM DISTRIBUTION NETWORK LIMITED	Director	15/07/2008	15/07/2008	-	Active	NO
20	U27107MH2008PLC186464	SINDHUDURG IRON AND STEELS LIMITED	Director	04/09/2008	04/09/2008	-	Active	NO
21	U45208MH2008PTC186795	UTTAM IT PARK PROJECTS PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
22	U45303MH2008PTC186794	UTTAM BIOTECHNOLOGY PARK INFRASTRUCTURE PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
23	U27106MH2007PLC172719	FIRST WARDHA STEEL LIMITED	Director	29/09/2010	24/10/2008	-	Active	NO
24	U45202MH2008PTC178902	REVIVE BUILDZONE AND DEALERS PRIVATE LIMITED	Director	22/09/2009	23/03/2009	-	Active	NO
25	U72900MH2009PLC195599	REAL ID LIMITED	Director	08/09/2009	08/09/2009	-	Active	NO
26	U74899DL1990PTC039733	TOJO ASSOCIATES PRIVATE LIMITED	Director	25/11/2009	25/11/2009	-	Active	NO
27	U74899DL1994PTC061749	SWILKEN INDIA PRIVATE LIMITED	Director	25/11/2009	25/11/2009	-	Active	NO
28	U01400MH2006PTC165366	ATITHI AGRICULTURAL PRIVATE LIMITED	Director	30/09/2010	28/04/2010	25/11/2010	Active	NO
29	U51900MH1984PLC031992	KREDENCE MULTI TRADING LIMITED	Director	15/09/2010	06/07/2010	-	Active	NO
30	U11100HR2010PLC040858	MIG OIL AND GAS LIMITED	Director	08/07/2010	08/07/2010	-	Active	NO
31	U27100KA2010PLC053231	UTTAM GALVA FEROUS LIMITED	Director	30/09/2011	09/07/2011	07/10/2011	Active	NO

Name :

Mr. Ankit Miglani

Designation :

Director

Address :

Samruddhi, 22, Alta Mount Road,Opp. Aza, Mumbai - 400 026, Maharashtra, India

Date of Birth/Age :

23.02.1979

Date of Appointment :

06.07.2010

DIN No.:

00444956

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U29248MH1981PLC025932	METALLURGICAL ENGINEERING AND EQUIPMENTS LIMITED	Director	26/03/2003	26/03/2003	-	Active	NO
2	U51900MH1977PTC019695	BARCLAY EXPORTS PRIVATE LIMITED	Director	03/03/2004	03/03/2004	-	Active	NO
3	U67120MH1981PTC025930	ARCHISHA INVESTMENTS PRIVATE LIMITED	Director	22/09/2004	22/09/2004	-	Active	NO
4	U55101HR1988PLC030288	GOLDEN GREENS GOLF AND RESORTS LIMITED	Director	22/12/2004	22/12/2004	10/01/2012	Active	NO
5	L27104MH1985PLC035806	UTTAM GALVA STEELS LIMITED	Managing director	29/07/2011	29/07/2005	-	Active	NO
6	U29250MH2005PTC155688	UTTAM FOOD INFRASTRUCTURE PARK PRIVATE LIMITED	Director	26/08/2005	26/08/2005	15/01/2010	Active	NO
7	U65990MH1988PLC212607	SHREE UTTAM STEEL AND POWER LIMITED	Director	25/02/2006	25/02/2006	-	Amalgamated	NO
8	U51909MH2005PTC151831	EVERGREEN TRADEPLACE PRIVATE LIMITED	Director	30/09/2006	02/08/2006	-	Active	NO
9	U51900HR1997PLC047058	GROW WELL MERCANTILE LIMITED	Director	30/09/2006	14/09/2006	15/04/2011	Active	NO
10	U27310MH2006PLC165173	SHREE UTTAM STEEL AND POWER LIMITED	Director	06/11/2006	06/11/2006	-	Active	NO
11	U51900MH1989PTC051001	KARISHMA TRADING COMPANY PRIVATE LIMITED	Director	30/12/2006	30/12/2006	-	Active	NO
12	U60231MH2007PTC172221	ULTIMATE LOGISTICS SOLUTIONS PRIVATE LIMITED	Director	01/10/2012	10/07/2007	-	Active	NO
13	U27200HR2007PLC037927	UTTAM GALVA METALLICS LIMITED	Director	13/09/2007	13/09/2007	-	Active	NO
14	U51100MH1998PTC115425	PALAK AGENCY PRIVATE LIMITED	Director	21/01/2008	21/01/2008	-	Active	NO
15	U72300MH2007PTC170301	HB.COM PRIVATE LIMITED	Director	30/09/2008	09/04/2008	-	Active	NO
16	U51420MH2008PLC184679	UTTAM DISTRIBUTION NETWORK LIMITED	Director	15/07/2008	15/07/2008	-	Active	NO
17	U27107MH2008PLC186464	SINDHUDURG IRON AND STEELS LIMITED	Director	04/09/2008	04/09/2008	-	Active	NO
18	U27104MH2002PLC135119	UTTAM UTKAL STEELS LIMITED	Director	30/09/2008	05/09/2008	-	Active	NO
19	U45208MH2008PTC186795	UTTAM IT PARK PROJECTS PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
20	U45303MH2008PTC186794	UTTAM BIOTECHNOLOGY PARK INFRASTRUCTURE PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
21	U27106MH2007PLC172719	FIRST WARDHA STEEL LIMITED	Director	29/09/2010	24/10/2008	27/12/2010	Active	NO
22	U45202MH2008PTC178902	REVIVE BUILDZONE AND DEALERS PRIVATE LIMITED	Director	22/09/2009	23/03/2009	-	Active	NO
23	U74899DL1990PTC039733	TOJO ASSOCIATES PRIVATE LIMITED	Director	25/11/2009	25/11/2009	-	Active	NO
24	U74899DL1994PTC061749	SWILKEN INDIA PRIVATE LIMITED	Director	25/11/2009	25/11/2009	-	Active	NO
25	U10100WB2009PLC140050	MOIRA MADHUJORE COAL LIMITED	Director	09/12/2009	09/12/2009	-	Active	NO
26	U27320DL2008PLC223550	LLOYDS LINE PIPES LIMITED	Director	06/08/2010	13/01/2010	12/11/2010	Active	NO
27	U01400MH2006PTC165366	ATITHI AGRICULTURAL PRIVATE LIMITED	Director	30/09/2010	28/04/2010	25/11/2010	Active	NO
28	U51900MH1984PLC031992	KREDENCE MULTI TRADING LIMITED	Director	15/09/2010	06/07/2010	-	Active	NO
29	U11100HR2010PLC040858	MIG OIL AND GAS LIMITED	Director	08/07/2010	08/07/2010	08/07/2011	Active	NO
30	U45202MH1994PTC081324	BAKURA PROPERTIES PRIVATE LIMITED	Director	30/09/2011	09/12/2010	-	Active	NO
31	U27100KA2010PLC053231	UTTAM GALVA FEROUS LIMITED	Director	30/09/2011	09/07/2011	07/10/2011	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

NOTE: EQUITY SHAREHOLDING DETAILS FILE ATTACHED.

Names of Shareholders	No. of Preferences Shares
Shree Global Tradefin Limited, India	250000
Ekagra Trading and Investments Private Limited, India	75000
TOTAL	325000

AS ON 29.09.2012

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	39.02
Other	60.98
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Trader of Hot Rolled Coils/ Sheets/ Plates, Cold Rolled Coils/ Sheets and Galvanized Coils/ Sheets.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· State Bank of India, Sir P M Road Branch, Gresham House, Ground Floor, Sir P.M Road, Fort, Mumbai – 400001, Maharashtra, India

· Dena Bank, Dena Corporate Centre, Bandra Kurla Complex, Bandra (East), Mumbai – 400021, Maharashtra, India

Facilities :

Unsecured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Loans directors unsecured	0.000	1.100
Other debt unsecured	509.600	656.970
TOTAL	509.600	658.070

Banking Relations :	--
Auditors :
Name :	Desai Sonal Vinod Chartered Accountant
Address :	104, Tuscon, Trikal CHS, Plot No. 310, 90 Feet Road, Ghatkopar (East), Mumbai - 400075, Maharashtra, India
PAN No:	AAMPD9246M
Associates/Subsidiaries :	· Barclay Exports Private Limited · Karishma Trading Company Private Limited · Siddharth Holding Private Limited · Opasa Steels Private Limited · Paritosha Properties Private Limited · Heli Properties Private Limited · Uttam Galva Steels Limited · Uttam Galva Metallics Limited · Archisha Investments Private Limited · Sadguru Metallic Private Limited · Growwell Mercantile Private Limited · Texturing Technology Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Millions
5000000	Preference Shares	Rs.10/- each	Rs.50.000 Millions
	TOTAL		Rs.100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
940500	Equity Shares	Rs.10/- each	Rs.9.405 Millions
325000	Preference Shares	Rs.10/- each	Rs.3.250 Millions
	TOTAL		Rs.12.655 Millions

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Millions
5000000	Preference Shares	Rs.10/- each	Rs.50.000 Millions
	TOTAL		Rs.100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
690500	Equity Shares	Rs.10/- each	Rs.6.905 Millions
250000	Preference Shares	Rs.10/- each	Rs.2.500 Millions
	TOTAL		Rs.9.405 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		9.405	6.905	6.905
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		259.532	44.821	6.381
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		268.937	51.726	13.286
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		509.600	658.070	135.700
TOTAL BORROWING		509.600	658.070	135.700
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		778.537	709.796	148.986
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		40.116	35.449	3.382
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		723.103	492.060	242.322
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	86.954	5.376	2.483
	Sundry Debtors	646.562	0.000	223.387
	Cash & Bank Balances	11.943	5.121	13.331
	Other Current Assets	0.000	0.000	0.013
	Loans & Advances	221.061	201.429	192.248
Total Current Assets		966.520	211.926	431.462
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	209.378	0.000	0.000
	Other Current Liabilities	741.824	29.639	528.180
	Provisions	0.000	0.000	0.000
Total Current Liabilities		951.202	29.639	528.180
Net Current Assets		15.318	182.287	(96.718)
MISCELLANEOUS EXPENSES		0.000	0.000	0.00
TOTAL		778.537	709.796	148.986

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1076.526	259.333	334.348
		Other Income	5.472	31.316	4.981
		TOTAL (A)	1081.998	290.649	339.329
Less	EXPENSES
		Consumption Material Changes Inventories	1043.191	234.960	329.035
		Administrative Selling Other Expenses	16.361	7.304
		TOTAL (B)	1059.552	242.264	329.035
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		22.446	48.385	10.294
Less	FINANCIAL EXPENSES (D)		0.000	0.195	16.939
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		22.446	48.190	6.645
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.772	0.253	0.136
	NET PROFIT BEFORE TAX PRIOR AND EXTRAORDINARY ITEMS		21.674	47.937	0.000
Add	PRIOR PERIOD ITEM BEFORE TAX		0.000	0.149	0.000
	PROFIT BEFORE TAX (E-F) (G)		21.674	48.086	(6.781)
Less	TAX (I)		4.464	9.347	2.322
	PROFIT AFTER TAX (G-I) (J)		17.210	38.590	(9.103)
Less	PREVIOUS YEARS LESS PROVISION W/BACK		0.000	0.149	1.478
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		38.993	0.553	11.134
	BALANCE CARRIED TO THE B/S		56.203	38.994	0.553
	IMPORTS
	Value of Import of CIF basis		448.961	0.000	0.000
	TOTAL IMPORTS		448.961	0.000	0.000
	Earnings Per Share (Rs.)		18.30	NA	NA

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.59	13.28	2.68
Net Profit Margin (PBT/Sales)	(%)	2.01	18.54	2.02
Return on Total Assets (PBT/Total Assets}	(%)	2.24	22.69	1.57
Return on Investment (ROI) (PBT/Networth)		0.08	0.93	0.51
Debt Equity Ratio (Total Liability/Networth)		3.54	0.57	39.75
Current Ratio (Current Asset/Current Liability)		1.02	7.15	0.82

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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 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
31]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

FINANCIAL RESULTS:

· During the year The Company has incurred Profit of Rs.17.210 Millions

· Contingent Liabilities: Letter of Credit Issued by banks- Rs.695.400 Millions

BANKERS CHARGES REPORT AS PER REGISTRY

This form is for	Creation of charge
Corporate identity number of the company	U51900MH1984PLC031992
Name of the company	KREDENCE MULTI TRADING LIMITED
Address of the registered office or of the principal place of business in India of the company	530, Nav Vyapar Bhavan, 49 P.D. Mello Road, Carnac Bunder, Mumbai – 400009, Maharashtra, India
Type of charge	Book Debts Movable Property [not being pledge] Floating Charge
Particular of charge holder	Dena Bank, Dena Corporate Centre, Bandra Kurla Complex, Bandra (East), Mumbai – 400021, Maharashtra, India
Email	kapoorrk@denabank.co.in
Nature of description of the instrument creating or modifying the charge	Agreement of Hypothecation dated 13.09.2012 was executed by the Company, in favour of DENA Bank, for the purpose of creating by way of first pari-passu charge on all moveable assets including stocks and book debts of the Company, both present and future for due repayment of their Credit Facility of Rs.1530.000 Millions.
Date of instrument Creating the charge	13.09.2012
Amount secured by the charge	Rs.1530.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest Base Rate+8.30% i.e., 19% p.a. Terms of Repayment On demand Margin As stipulated in Agreement of Hypothecation dated 13.09.2012 Extent and Operation of the charge First Charge by way of hypothecation on all moveable’s including current assets, stocks and book debts of the Company, both present and future to secure Credit Limit of Rs.1530.000 Millions.
Short particulars of the property charged	All present and future current assets and entire book debts of the Company. As stipulated in Agreement of Hypothecation dated 13.09.2012.

FIXED ASSETS:

· Air Conditioner

· Computer

· Fax Machine

· Flat at Delhi

· Motor Car

· Office at Mumbai

· Office at Mumbai

· Furniture and Fixture

· Refrigerator

· Television

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 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.53.66
UK Pound	1	Rs.86.37
Euro	1	Rs.69.24

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--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		48

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.