MIRA INFORM REPORT

Report Date :

10.07.2013

IDENTIFICATION DETAILS

Name :	SHRI LAXMII CRUSHERS PRIVATE LIMITED
Registered Office :	84, Mehtan Streetjwalapur, Near Sangeeta Talkies, Jwalapur, Haridwar – 249407, Uttarakhand
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	30.10.1998
Com. Reg. No.:	20-023955
Capital Investment / Paid-up Capital :	Rs. 1.000 million
CIN No.: [Company Identification No.]	U26960UR1998PTC023955
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Stone Gril.
No. of Employees :	27 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (36)

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

Maximum Credit Limit :	USD 15000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a successor of partnership concer started in the year 1994 with the name “SHREE LAKSHMI STONE CRUSHER” And later in 1998 it got converted into private limited company. It is having a moderate track record. The company has recorded modest scale of operation. However, trade relations are reported to be fair. Business is active. Payments are reported to be slow but correct. 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 – 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

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. Raman Mehta
Designation :	Director
Contact No.:	91-983730775
Date :	09.07.2013

LOCATIONS

Registered Office :	84, Mehtan Streetjwalapur, Near Sangeeta Talkies, Jwalapur, Haridwar – 249407, Uttarakhand, India
Tel. No. :	Not Available
Mobile No. :	91-8791099027 / 983730775 (Mr. Raman Mehta)
Fax No. :	Not Available
E-Mail :	mcafiling198@gmail.com ramanagarwal1982@gmail.com
Factory :	Near Railway Station, Pathri, Hardwar, Uttarakhand, India
Tel. No.:	91-1334-326909

DIRECTORS

As on 30.09.2011

Name :

Mr. Sudhir Kumar Mehta

Designation :

Managing Director

Address :

84, Mehtan Street,Jwalapur, Haridwar, Uttarakhand, India

Date of Birth/Age :

03.09.1957

Date of Appointment :

30.10.1998

DIN No. :

01494230

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	U26960UR1998PTC023955	SHRI LAXMII CRUSHERS PRIVATE LIMITED	Managing director	30-10-98	30-10-98	-	Active	NO
2	U31909DL1998PTC097253	L M POWER SYSTEMS PRIVATE LIMITED	Director	01-12-98	01-12-98	-	Active	NO

Name :

Mr. Vikas Mehta

Designation :

Director

Address :

84, Mehtan Street,Jwalapur, Haridwar, Uttarakhand, India

Date of Birth/Age :

26.06.1963

Date of Appointment :

30.10.1998

DIN No. :

02234953

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	U26960UR1998PTC023955	SHRI LAXMII CRUSHERS PRIVATE LIMITED	Director	30-10-98	30-10-98	-	Active	NO
2	U32109DL1999PTC101400	NAVRICH ELECTRONICS PRIVATE LIMITED	Director	03-09-99	03-09-99	-	Active	NO
3	U31908DL2010PTC200372	STELLER ELECTRONICS PRIVATE LIMITED	Director	18-03-10	18-03-10	-	Active	NO

Name :

Mr. Raman Mehta

Designation :

Director

Address :

174, Mahatan Street A, Peeth Bajar, Jwalapur, Haridwar – 249407, Uttarakhand, India

Date of Birth/Age :

17.05.1982

Date of Appointment :

01.10.2012

DIN No. :

06460356

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Kamal Kumar Mehta	10000
Sudhir Mehta	7500
Vikas Mehta	7500
Shiksha Devi	5000
Usha Gupta	15000
Shashi Azad	7500
Suman Azad	7500
Jitendra Kumar Gupta	40000
Total	100000

As on 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	30.00
Other top fifty shareholders	70.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Stone Gril.
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Supplier :

· Aatrey News Agency

· Jagdamba Automobiles

· Jain Motor Tyres

· Kalinga Air Gases

· Mohini Motor Store

· Shree Ram Steel

· Shree Tyres India Private Limited

Customers :

Others (Railways, Road Construction)

No. of Employees :

27 (Approximately)

Bankers :

Indian Overseas Bank, Kankhal, Haridwar - 249407, Uttaranchal, India

Facilities :

Secured Loans	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
HDFC Term Loan	2.825	1.167
Total	2.825	1.167

Banking Relations :	--
Auditors :
Name :	Anil Ashok and Associates Chartered Accountants
Address :	Opposite Arya Vanprastha Ashram, Arya Nagar,Jwalapur, Haridwar – 249407, Uttarakhand, India
Tel. No. :	91-1334-254458
Mobile No. :	91-9412072424
Fax No. :	91-1334-254579
E-Mail :	caanilverma@yahoo.co.in
PAN No. :	AADFA5288M

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs.10/- each	Rs. 2.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs. 1.000 Million

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		1.000	1.000	1.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		2.715	2.062	1.496
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		3.715	3.062	2.496
LOAN FUNDS
1] Secured Loans		2.825	1.167	8.076
2] Unsecured Loans		6.896	7.546	7.936
TOTAL BORROWING		9.721	8.713	16.012
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		13.436	11.775	18.508
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		7.390	4.975	5.663
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	6.067	7.134	11.498
	Sundry Debtors	3.373	3.168	0.361
	Cash & Bank Balances	0.677	0.690	1.651
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	2.925	3.079	0.580
Total Current Assets		13.042	14.071	14.090
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.552	0.880	1.167
	Other Current Liabilities	6.053	6.079	0.000
	Provisions	0.391	0.312	0.078
Total Current Liabilities		6.996	7.271	1.245
Net Current Assets		6.046	6.800	12.845
MISCELLANEOUS EXPENSES		0.000	0.000	0.002
TOTAL		13.436	11.775	18.508

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	24.930	24.582	9.205
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT BEFORE TAX		0.946	0.818	0.128
Less	TAX		NA	NA	NA
	PROFIT AFTER TAX		NA	NA	NA

Particulars	31.03.2013	31.03.2012
Sales Turnover (Approximately)	20.000	25.000

The above information has been parted by Mr. Raman Mehta (Director)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
Net Profit Margin (PBT/Sales)	(%)	3.79	3.33	1.39
Return on Total Assets (PBT/Total Assets}	(%)	4.63	4.29	0.65
Return on Investment (ROI) (PBT/Networth)		0.25	0.27	0.05
Debt Equity Ratio (Total Debt/Networth)		2.62	2.85	6.42
Current Ratio (Current Asset/Current Liability)		1.86	1.94	11.32

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 five 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	Yes
18]	Major customers	No
19]	Payments terms	Yes
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	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

UNSECURED LOANS

Particulars	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. In Millions)
Raman Mehta	0.540	0.540
Santosh Mehta	0.375	0.375
Kamal Kumar Mehta	0.675	0.725
Shashi Azad	0.311	0.310
Shikha Azad	0.141	0.141
Sudhindra and Usha (HUF)	0.306	0.306
Sudhir Mehta	0.549	0.549
Suman Azad	0.678	0.678
Usha Gupta	0.278	0.779
Vikas Mehta	1.453	1.453
Vishnu Goyal, Muzaffarnagar	0.140	0.140
Sushma Mehta	0.600	0.600
Navrich Electronics Private Limited	0.850	0.850
Juhi Agarwal	0.000	0.100
Total	6.896	7.546

FIXED ASSETS

· Building

· Land

· Plant and Machinery

· Offie Equipments

· JCB Loader

· Computer Setpu and Software

· Mobile Instrument

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.60.07
UK Pound	1	Rs.89.91
Euro	1	Rs.77.43

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		36

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

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.