MIRA INFORM REPORT

Report Date :

05.12.2013

IDENTIFICATION DETAILS

Name :	POSS MULTITRADE PRIVATE LIMITED
Registered Office :	Shop No 65, Building No 56, EMP Hally Society, Thakur Village, Kandivali East, Mumbai – 400101, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	06.01.2009
Com. Reg. No.:	11-189385
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U51109MH2009PTC189385
TAN No.: [Tax Deduction & Collection Account No.]	MUM926378C
PAN No.: [Permanent Account No.]	AAECP9189N
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Exporter of Pharmaceutical Medicines.
No. of Employees :	10 (Approximately)

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 2000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. External borrowing of the company appears to be huge. However, trade relations are fair. Business is active. Payment terms are slow but correct. The company can be considered for business dealing 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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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

The current downturn provides an opportunity to push ahead with reforms to accelerate growth, says the latest India Development Update report released by the World Bank. The report says that the adverse effects of rupee depreciation are likely to be offset by the gains in the exports performance due to improved external competitiveness. Since May this year, the local currency has depreciated substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.

A stagflation like situation appears to have arisen as inflation jumped to an eight month high of 6.46 % for the month of September. It is up from 6.10 % in August. Growth continues to be muted with factory output plunging to 0.6 % in August. Onion prices have risen nearly 300 % from last September. Vegetables cost nearly 90 % more than they did last year. Wake up to the economic contribution of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic product, according to a recent study conducted in 50 top cities.

136000 estimated number of jobs created during the second quarter of the current financial year. 50000 estimated number of additional jobs in the field of corporate social responsibility in the coming years.

The International Finance Corporation expects to come out with its rupee linked bonds issue before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched in India from 1^st November.

The Land Acquisition Act to provide just and fair compensation to farmers will come into force from January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a 119 year old registration. The Securities and Exchange Board of India has approved the trading of currency futures on the Bombay Stock Exchange. The exchange plans to launch the currency futures platform with advanced trading technology by the end of November.

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. Mitesh Mukundbhai Gandhi
Designation :	Director
Contact No.:	91-9833979028
Date :	07.11.2013

LOCATIONS

Registered Office :	Shop No 65, Building No 56, EMP Hally Society, Thakur Village, Kandivali East, Mumbai – 400101, Maharashtra, India
Tel. No.:	91-22-66995114
Mobile No.:	91-9833979028 (Mr. Mitesh Mukundbhai Gandhi)
Fax No.:	91-22-28868952
E-Mail :	mitesh@poss.in mgandhi55@gmail.com
Website :	www.poss.in

DIRECTORS

As on 29.09.2012

Name :

Mr. Mitesh Mukundbhai Gandhi

Designation :

Managing director

Address :

202-11-B, Anita Nagar, Lokhandwala Township, Kandivali (East), Mumbai – 400101, Maharashtra, India

Date of Birth/Age :

26.05.1977

Date of Appointment :

06.01.2009

DIN No.:

00634011

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	U51909MH2005PTC153286	CITYLINE TRADING COMPANY PRIVATE LIMITED	Director	01/08/2006	01/08/2006	-	Strike off	NO
2	U51909MH2005PTC152774	MATRIX MERCANTILE COMPANY PRIVATE LIMITED	Director	01/08/2006	01/08/2006	-	Strike off	NO
3	U51109MH2009PTC189385	POSS MULTITRADE PRIVATE LIMITED	Managing director	06/01/2009	06/01/2009	-	Active	NO
4	U51909MH2010PTC202127	MAN MULTITRADE PRIVATE LIMITED	Director	22/04/2013	17/04/2010	-	Active	NO
5	U51909GJ2010PTC063149	POSS DISTRIBUTORS PRIVATE LIMITED	Director	06/12/2010	06/12/2010	-	Active	NO

Name :

Mr. Nikhil Mukund Gandhi

Designation :

Director

Address :

202-11-B, Anita Nagar, Lokhandwala Township, Kandivali (East), Mumbai – 400101, Maharashtra, India

Date of Birth/Age :

28.04.1975

Date of Appointment :

06.01.2009

DIN No.:

02426765

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	U51109MH2009PTC189385	POSS MULTITRADE PRIVATE LIMITED	Director	06/01/2009	06/01/2009	-	Active	NO
2	U51909MH2010PTC202127	MAN MULTITRADE PRIVATE LIMITED	Director	22/04/2013	17/04/2010	-	Active	NO
3	U51909GJ2010PTC063149	POSS DISTRIBUTORS PRIVATE LIMITED	Director	06/12/2010	06/12/2010	-	Active	NO

Name :

Manjulaben Mukundbhai Gandhi

Designation :

Director

Address :

202-11-B, Anita Nagar, Lokhandwala Township, Kandivali (East), Mumbai – 400101, Maharashtra, India

Date of Birth/Age :

04.03.1942

Date of Appointment :

06.01.2009

DIN No.:

02426775

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	U51109MH2009PTC189385	POSS MULTITRADE PRIVATE LIMITED	Director	06/01/2009	06/01/2009	-	Active	NO
2	U51909GJ2010PTC063149	POSS DISTRIBUTORS PRIVATE LIMITED	Director	01/03/2011	01/03/2011	-	Active	NO

Name :

Alpa Gandhi

Designation :

Director

Address :

202-11-B, Anita Nagar, Lokhandwala Township, Kandivali (East), Mumbai – 400101, Maharashtra, India

Date of Birth/Age :

24.10.1980

Date of Appointment :

06.01.2009

DIN No.:

02426788

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	U51109MH2009PTC189385	POSS MULTITRADE PRIVATE LIMITED	Director	06/01/2009	06/01/2009	-	Active	NO
2	U51909GJ2010PTC063149	POSS DISTRIBUTORS PRIVATE LIMITED	Director	01/03/2011	01/03/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2012

Names of Shareholders	No. of Shares
Mitesh Mukundbhai Gandhi	2500
Nikhil Mukund Gandhi	2500
Manjulaben Mukundbhai Gandhi	2500
Alpa Gandhi	2500
Total	10000

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 :	Trader and Exporter of Pharmaceutical Medicines.
Exports :
Products :	Pharmaceutical Medicines
Countries :	· US · Canada
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

End Users

No. of Employees :

10 (Approximately)

Bankers :

· Andhra Bank, Kandivali (East), Mumbai, Maharashtra, India

· Axis Bank, Kandivali (East), Mumbai, Maharashtra, India

Facilities :

Secured Loan	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Long-term Borrowings
Other External Commercial Borrowing Mahindra and Mahindra Financial Services Limited	0.127	0.000
Other External Commercial Borrowing Mahindra and Mahindra Financial Services Limited	0.000	0.258
Total	0.127	0.258

Banking Relations :	--
Auditors :
Name :	S S Kota Associates Chartered Accountants
Address :	Office No. 5, Laxmi Narayan Chs, J. A. Raul Marg, Sayani Road, Mumbai – 400025, Maharashtra, India
Tel. No.:	91-22-24375972
Mobile No.:	91-9322653641
E-Mail :	Sskota.ca@gmail.com
PAN N Income-tax PAN of auditor or auditor's firm :	AGSPK0116H

CAPITAL STRUCTURE

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs. 0.500 Million

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	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	0.430	0.349
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	0.530	0.449
(3) Non-Current Liabilities
(a) long-term borrowings	3.106	0.593
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	3.106	0.593
(4) Current Liabilities
(a) Short term borrowings	3.886	2.678
(b) Trade payables	1.034	4.721
(c) Other current liabilities	0.005	0.005
(d) Short-term provisions	0.364	0.207
Total Current Liabilities (4)	5.289	7.611
TOTAL	8.925	8.653
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.863	1.060
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.038	0.015
(d) Long-term Loan and Advances	0.368	1.770
(e) Other Non-current assets	1.007	1.015
Total Non-Current Assets	2.276	3.860
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	1.025	1.103
(c) Trade receivables	3.508	2.566
(d) Cash and cash equivalents	1.749	0.922
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	0.367	0.202
Total Current Assets	6.649	4.793
TOTAL	8.925	8.63

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.100
2] Share Application Money		0.000
3] Reserves & Surplus		0.204
4] (Accumulated Losses)		0.000
NETWORTH		0.304
LOAN FUNDS
1] Secured Loans		0.369
2] Unsecured Loans		0.793
TOTAL BORROWING		1.162
DEFERRED TAX LIABILITIES		0.000
TOTAL		1.466
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.724
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.549
	Sundry Debtors	0.675
	Cash & Bank Balances	(0.333)
	Other Current Assets	0.000
	Loans & Advances	0.395
Total Current Assets		2.286
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1.539
	Other Current Liabilities	0.004
	Provisions	0.046
Total Current Liabilities		1.589
Net Current Assets		0.697
MISCELLANEOUS EXPENSES		0.045
TOTAL		1.466

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income		60.000 (Approximately)	50.000 (Approximately)
		Other Income
		TOTAL	43.313	NA	NA
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	43.037	NA	NA
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.276	0.415	0.286
Less/ Add	DEPRECIATION/ AMORTISATION		0.233	0.206	0.086
	PROFIT BEFORE TAX		0.043	0.209	0.200
Less	TAX		0.039	0.064	0.010
	PROFIT AFTER TAX		0.081	0.145	0.190
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.349	0.204	0.014
	BALANCE CARRIED TO THE B/S		0.430	0.349	0.204
	Earnings Per Share (Rs.)		8.15	NA	NA

Particulars	31.03.2013
Sales Turnover (Approximately)	100.000

The above information has been parted /by Mr. Mitesh Mukundbhai Gandhi (Director)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.19	NA	NA
Return on Total Assets (PBT/Total Assets}	(%)	0.48	2.42	6.64
Return on Investment (ROI) (PBT/Networth)		0.08	0.47	0.66
Debt Equity Ratio (Total Debt /Networth)		13.19	7.29	3.82
Current Ratio (Current Asset/Current Liability)		1.26	0.63	1.44

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	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	No
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	No
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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

Note: Registered office of the company has been shifted from 202-11-B, Anita Nagar, Lokhandwala Township, Kandivali (East), Mumbai – 400101, Maharashtra, Indiato the present address w.e.f 01.04.2012

OPERATIONS / WORKING RESULTS

It is being the third year of operation of the company and within the short period the company has achieved a marginal turnover of Rs. 40.437 Millions compared to previous turnover of Rs. 38.260 Millions (Net off Returns and Discounts). The above financial results show that, after deduction of depreciation of Rs.0.233 Millions (Previous Year Rs. 0.206 Millions) the company has achieved a profit of Rs.0.120 Millions (Previous Year Profit of Rs.0.209 Millions). Barring unforeseen circumstances, the company hopes to perform well in the years to come.

UNSECURED LOAN

PARTICULARS	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Long-term Borrowings
Loan from Directors
Alpha Gandhi Loan	0.142	0.089
Manjula Gandhi Loan	0.800	0.065
Mitesh Gandhi Loan	0.987	0.296
Nikhil Gandhi Loan	0.951	(0.114)
Loans and Advances from Related Parties
Poss Distributors Private Limited	0.001	0.000
Sameer Mehta	0.099	0.000
Short-term borrowings
Loans repayable on Demand
Andhra Bank Current A/c 335	0.534	0.958
Andhra Bank Sod A/c No 274	2.043	0.301
Andhra Bank Sod A/c No 292	0.000	0.193
Andhra Bank Sod A/c No. 121031100000265	1.378	1.356
Andhra Bank Sweep A/c No.335	(0.070)	(0.130)
Total	6.865	3.014

FIXED ASSETS

· Laptop

· Printer

· Computers

· Furniture and Fixtures

· Motor Vehicle (Bolero)

· Office Equipment

· Eye Testing Machine

· Air Conditioner

· Cctv Camera

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.62.33
UK Pound	1	Rs.102.18
Euro	1	Rs.84.68

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--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	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		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.