MIRA INFORM REPORT

Report Date :

27.09.2012

IDENTIFICATION DETAILS

Name :	VIWA DRYMIX PRIVATE LIMITED
Registered Office :	F2/ D5, Sector 3, Nerul, Navi Mumbai, Navi Mumbai- 400706, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	16.11.2010
Com. Reg. No.:	11-210117
Capital Investment / Paid-up Capital :	Rs.0.100 million
CIN No.: [Company Identification No.]	U26900MH2010PTC210117
TAN No.: [Tax Deduction & Collection Account No.]	MUMV18728D
PAN No.: [Permanent Account No.]	AADCV4672M
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing of all Kinds of Cement Based Plaster Products for Walls Internal and Ceilings Including Plasters of all Other Varieties.
No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Yet to commence
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporate in the year 2010. But they have not yet started with their business activity. Management denied to provide any information. Payments are unknown. The company can be considered for business dealing on a safe and secured trade terms and condition.

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

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.

INFORMATION DENIED BY

Name :	Mr. Nitesh
Designation :	Accounts Head
Contact No.:	91-22-27832757
Date :	20.09.2012

LOCATIONS

Registered Office :	F2/ D5, Sector 3, Nerul, Navi Mumbai, Navi Mumbai- 400706, Maharashtra, India
Tel. No.:	Not Divulged
Fax No.:	Not Divulged
E-Mail :	dkrocs@gmail.com viwadrymix@gmail.com

DIRECTORS

As on 30.09.2011

Name :

Mr. Ranjal Shrikanth Shenoy

Designation :

Director

Address :

F-2,d-5, sector no.3,Nerul , Navi Mumbai , Thane, Mumbai-400706, Maharashtra ,India

Date of Birth/Age :

24.04.1949

Date of Appointment :

16.11.2010

DIN No.:

00426651

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	U14106MH2004PTC147149	WALPLAST PRODUCTS PRIVATE LIMITED	Director	01/12/2006	01/12/2006	01/12/2010	Active	NO
2	U26900MH2010PTC210117	VIWA DRYMIX PRIVATE LIMITED	Director	16/11/2010	16/11/2010	-	Active	NO

Name :

Mr. Charu Sanjay Mahagaonkar

Designation :

Director

Address :

16, Saptashrungi Co-operative housing society, PNC Road, Mhatre Compound , Dombivali (East) ,Mumbai- 421201, India

Date of Birth/Age :

04.03.1964

Date of Appointment :

16.11.2010

DIN No.:

00676022

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	U51432MH2002PTC135661	ALIVE CERAMICS PRIVATE LIMITED	Director	01/06/2007	01/06/2007	01/07/2011	Active	NO
2	U26900MH2010PTC210117	VIWA DRYMIX PRIVATE LIMITED	Director	16/11/2010	16/11/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Nitesh
Designation :	Accounts Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Charu Sanjay Mahagaonkar	5000
Rajan Shrikanth Shenoy	5000
Total	10000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing of all Kinds of Cement Based Plaster Products for Walls Internal and Ceilings Including Plasters of all Other Varieties.

GENERAL INFORMATION

No. of Employees :	Information denied by management
Bankers :	Shamrao Vithal Co-op Bank Limited, SVC Tower, Nehru Road, Vakola, Santacruz (East), Mumbai-400055, Maharashtra, India

Banking Relations :	--
Auditors :
Name :	Dilip Kapadia and Company Chartered Accountants
Address :	Room No. 2, Baburao Chawl, Bachani Nagar Cross Road, Daftary Road, Mulund (East), Mumbai- 400097, Maharashtra, India
Tel. No.:	91-22-28815590/ 28800195
Mobile No.:	91-9820432763
E-Mail :	kapadiadilip@gmail.com
PAN No.:	ADUPK4157H

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Shares	Rs.10/- each	Rs.2.500 Millions

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
SHAREHOLDERS FUNDS
1] Share Capital		0.100
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		(0.317)
NETWORTH		(0.217)
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		(0.217)
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.160
	Other Current Assets	0.000
	Loans & Advances	0.025
Total Current Assets		0.185
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.402
	Other Current Liabilities	0.000
	Provisions	0.000
Total Current Liabilities		0.402
Net Current Assets		(0.217)
MISCELLANEOUS EXPENSES		0.000
TOTAL		(0.217)

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2011
	SALES
		Income		0.000
		Other Income		0.000
		TOTAL		0.000
Less	EXPENSES
		Office Expenses		0.317
		Administrative Expenses
		Advertising Expenses
		TOTAL		0.317
	PROFIT BEFORE TAX			(0.317)
Less	TAX			0.000
	PROFIT AFTER TAX			(0.317)
	Earnings Per Share (Rs.)			(31.70)

KEY RATIOS

PARTICULARS		31.03.2011
Return on Total Assets (PBT/Total Assets}	(%)	(171.35)
Return on Investment (ROI) (PBT/Networth)		1.46
Debt Equity Ratio (Total Liability/Networth)		(1.85)
Current Ratio (Current Asset/Current Liability)		0.46

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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last one years	Yes
12]	Profitability for last one 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	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
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U26900MH2010PTC210117
Name of the company	VIWA DRYMIX PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	F2/ D5, Sector 3, Nerul, Navi Mumbai, Navi Mumbai- 400706, Maharashtra, India Email: dkrocs@gmail.com
This form is for	Creation of charge
Type of charge	· Book debts · Movable property (not being pledge) · Plant and Machinery
Particular of charge holder	Shamrao Vithal Co-op Bank Limited, SVC Tower, Nehru Road, Vakola, Santacruz (East), Mumbai-400055, Maharashtra, India Email: baradsg@svcbank.com
Nature of instrument creating charge	Composite Hypothecation Agreement.
Date of instrument Creating the charge	29.11.2011
Amount secured by the charge	Rs.20.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest PLR-2% pa Terms of Repayment As may be decided by the bank from time to time. Margin 25% Extent and Operation of the charge To secure the due repayment of credit facilities aggregating Rs.20.000 Millions together with interest, costs, charges and expenses thereon granted by the Bank to the company.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	All of borrowers present, future stocks of raw material, goods in process of manufacturing and all finished and manufactured goods and articles. All the borrower's present and future book debts, outstanding monies, receivable All the plant and machinery, other assets etc. installed at the borrowers factory at and all other tangible movable assets, furniture, etc

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 rime :

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.53.58
UK Pound	1	Rs.86.82
Euro	1	Rs.68.94

INFORMATION DETAILS

Information Gathered by :	PJA
Report Prepared by :	MRI

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.