MIRA INFORM REPORT

Report Date :

20.04.2013

IDENTIFICATION DETAILS

Name :	TRIMULA G BASMATI PRIVATE LIMITED (w.e.f. 13.03.2009)
Formerly Known As :	TRIMULA BASMATI PRIVATE LIMITED (w.e.f. 09.02.2009) D. V. S. METAL PRIVATE LIMITED
Registered Office :	C-5/41, Safdarjang Development Area, New Delhi – 110016
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	12.04.2007
Com. Reg. No.:	55-161953
Capital Investment / Paid-up Capital :	Rs. 20.200 Millions
CIN No.: [Company Identification No.]	U27310DL2007PTC161953
TAN No.: [Tax Deduction & Collection Account No.]	DELT08373B
Legal Form :	Private Limited Liability Company.
Line of Business :	Manufacturer and Exporter of Basmati Rice.
No. of Employees :	25 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 160000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a company having moderate track. Profitability of the company appears to be low. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. 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 – 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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Cash Credit (B+)
Rating Explanation	High risk of default
Date	31.12.2012

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.

INFORMATION PARTED BY

Name :	Mr. Anurag Tyagi
Designation :	Manager
Contact No.:	91-8800355005
Date :	08.04.2013

LOCATIONS

Registered Office :	C-5/41, Safdarjang Development Area, New Delhi – 110016, India
Tel. No.:	91-11-65659445 91-120-4371050
Tel No :	91-120-4371070
Mobile No.:	91-9350258614 (Mr. Ankur Kumar) 91-8800355005 (Mr. Anurag Tyagi) 91-9719014000 (Mr. Shilpi Kumar)
E-Mail :	trimulabasmati@in.com gauravnishantmca@yahoo.com sachdevaharish@sify.com carishikapoorroc@yahoo.co.in
Website :	http://www.trimulagbasmati.com
Area :	2000 sq.ft
Location :	Owned
Factory :	Kotawali Road, P O Nehtaur, Bijnor – 246733, Uttar Pradesh, India
Tel. No.:	91-1344-262771
Fax No.:	91-1344-262771
Area :	2500 sq. ft.
Location :	Owned

DIRECTORS

As on : 29.09.2012

Name :	Mr. Shilpi Kumar Agarwal
Designation :	Director
Address :	C-5/41, Safdarjang Development Area, New Delhi – 110016, India
Date of Birth/Age :	01.04.1974
Date of Appointment :	12.04.2007
DIN No.:	00083347
Name :	Mr. Ankur Kumar
Designation :	Director
Address :	C-5/41, Safdarjang Development Area, New Delhi – 110016, India
Date of Birth/Age :	21.05.1975
Date of Appointment :	11.05.2010
DIN No.:	00084766
Name :	Mr. Sudhir Kumar Agarwal
Designation :	Director
Address :	Nihtaur, Bijnore – 246701, Uttar Pradesh, India
Date of Birth/Age :	12.07.1949
Date of Appointment :	12.03.2009
DIN No.:	02588691

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 29.09.2012

Names of Shareholders	No. of Shares
Ankur Kumar Aggarwal	190000
Shilpi Kumar Aggarwal	785500
Shilpi Kumar Aggarwal (HUF)	50000
Sudhir Kumar Aggarwal	140000
Sudhir Kumar Aggarwal (HUF)	47000
Amit Kumar Maheshwari	100000
Dinesh Chand Maheshwari	70000
Santosh Kumar Aggarwal	20000
Sudhir Kumar Tyagi	100000
Sushil Tyagi	53000
Vishnu Avtar Aggarwal	100000
Bharti Aggarwal	40000
Sarita Aggarwal	85000
Veena Aggarwal	60000
Vijay Kumar	39500
Omvati Devi	70000
Prem Veer Singh	50000
Delhi Tradecom Private Limited	5000
Guru Udyog Private Limited	5000
Skand International Private Limited	5775
Vasudev Enterprises Private Limited	4225
Total	2020000

Equity Share Break up (Percentage of Total Equity)

As on : 29.09.2012

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Basmati Rice.
Exports :
Products :	Basmati Rice
Countries :	All Middle East Countries
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

End Users, Wholesalers, and Retailers

No. of Employees :

25 (Approximately)

Bankers :

· Oriental Bank of Commerce, A-Block, Connaught Place, New Delhi-110001, Delhi, India

· Punjab National Bank, Regional Office, Morabadab – 244001, Uttar Pradesh, India

· Punjab National Bank, Nehtaur – 246733, Uttar Pradesh, India

Facilities :

Rs in Millions

Secured Loans	31.03.2012	31.03.2011
Loans from Banks and financial institutions :
Punjab National Bank (Hypothecation of Building and Machinery)	19.590	21.397
Punjab National Bank (Hypothecation of Motor Car)	0.297	0.455
Loans repayable on demand from Banks :
Punjab National Bank (Hypothecation of Stock and Book Debts)	73.679	73.525
ICICI Bank Loan (Hypothecation of Stock)	--	7.809
Total	93.566	103.186

Auditors :
Name :	Rishi Kapoor and Company Chartered Accountant
Address :	9 and 10, Advocate Chambers, Opposite telephone Exchange, Raj nagar, Ghaziabad – 201002, Uttar Pradesh, India
Tel. No.:	91-12-4371050/4371070 91-12-2702060
PAN No.:	AEFPK6932G
Sister Concern :	DVS Metal Private Limited, Ghaziabad, Uttar Pradesh, India Activity: Manufacturer of Ingots

CAPITAL STRUCTURE

As on : 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	Rs. 10/-each	Rs. 30.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2020000	Equity Shares	Rs. 10/-each	Rs. 20.200 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		20.200	20.200	10.000
2] Share Application Money		0.160	0.160	0.375
3] Reserves & Surplus		21.110	20.293	0.116
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		41.470	40.653	10.491
LOAN FUNDS
1] Secured Loans		93.566	103.186	81.655
2] Unsecured Loans		0.025	1.000	0.000
TOTAL BORROWING		93.591	104.186	81.655
DEFERRED TAX LIABILITIES		0.637	0.544	0.354
TOTAL		135.698	145.383	92.500
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		39.489	42.913	45.310
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		4.921	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	67.872	63.955	41.997
	Sundry Debtors	15.012	5.643	2.966
	Cash & Bank Balances	2.725	31.052	7.521
	Other Current Assets	0.000	0.192	1.284
	Loans & Advances	46.484	10.251	3.990
Total Current Assets		132.093	111.093	57.758
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	38.301	6.801	10.154
	Other Current Liabilities	2.229	0.675	0.454
	Provisions	0.275	0.147	0.100
Total Current Liabilities		40.805	7.623	10.708
Net Current Assets		91.288	102.470	47.050
MISCELLANEOUS EXPENSES		0.000	0.000	0.140
TOTAL		135.698	145.383	92.500

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	221.607	194.253
		Other Income	2.434	0.063
		TOTAL	224.041	194.316	40.966
Less	EXPENSES
		TOTAL	217.201	187.816	38.528
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		6.840	6.500	2.438
Less/ Add	DEPRECIATION/ AMORTISATION		5.655	5.786	1.861
	PROFIT BEFORE TAX		1.185	0.714	0.577
Less	TAX		0.368	0.338	0.454
	PROFIT AFTER TAX		0.817	0.376	0.123
	Earnings Per Share (Rs.)		0.40	0.38	1.23

Particulars	31.03.2013
Sales Turnover (Approximately)	270.000

The above information has been parted by Mr. Anurag Tyagi

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.37	0.19	0.00
Net Profit Margin (PBT/Sales)	(%)	0.53	0.37	1.41
Return on Total Assets (PBT/Total Assets}	(%)	0.68	0.61	0.84
Return on Investment (ROI) (PBT/Networth)		0.03	0.02	0.05
Debt Equity Ratio (Total Debt /Networth)		2.26	2.56	7.78
Current Ratio (Current Asset/Current Liability)		3.24	14.57	5.39

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
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	Yes
20]	Export / Import details (if applicable)	Yes
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]	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	Yes

UNSECURED LOANS :

Rs in Millions

Particulars	31.03.2012	31.03.2011
Loans from Shareholders and Others	0.025	1.000
Total	0.025	1.000

BANKERS CHARGES REPORT AS PER REGISTRY :

Corporate identity number of the company	U13209DL2007PTC161953
Name of the company	TRIMULA G BASMATI PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	C-5/41 Safdarjang Development Area, New Delhi – 110016, India carishikapoorroc@yahoo.co.in
This form is for	Creation of charge
Type of charge	· Immovable Property · Book Debts · Movable Property
Particular of charge holder	Oriental Bank of Commerce, A-Block, Connaught Place, new Delhi-110001, Delhi, India Email : bm0179@obc.co.in
Nature of instrument creating charge	Agreement of Term Loan
Date of instrument Creating the charge	27.12.2012
Amount secured by the charge	Rs.15.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interests: As per Agreement Terms of Repayment: 40 monthly installment of rs.375000/- each starts from 31/01/2013 Margin: As per Agreement Extent and Operation of the charge: Hyp. Of all the fixed assets including building of the 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 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. 54.02
UK Pound	1	Rs. 82.43
Euro	1	Rs. 70.49

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	NIS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		27

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.