MIRA INFORM REPORT

Report Date :

13.07.2013

IDENTIFICATION DETAILS

Name :	KREDENCE MULTI TRADING LIMITED [w.e.f.02.03.2009]
Formerly Known As :	SANJUG TRADING COMPANY LIMITED
Registered Office :	502, 5^th Floor, Global Foyer Building, Sector-43, Golf Course Road, Gurgaon – 122002, Haryana
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	04.02.1984
Com. Reg. No.:	05-048132
Capital Investment / Paid-up Capital :	Rs. 12.655 Millions
CIN No.: [Company Identification No.]	U51900HR1984PLC048132
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trading in Iron and Steel, Shares and Property.
No. of Employees :	30 (Approximately)

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 2210000
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 and as per commitment. 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 – 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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Non-fund Based Limit : A3
Rating Explanation	Moderate credit quality it carry 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.

INFORMATION PARTED BY [GENERAL DETAILS]

Name :	Ms. Madhura
Designation :	Accounts Department
Contact No.:	91-22-66361316
Date :	11.06.2013

LOCATIONS

Registered Office :	502, 5^th Floor, Global Foyer Building, Sector-43, Golf Course Road, Gurgaon – 122002, Haryana, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	sanjug1984@gmail.com
Branch 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

DIRECTORS

AS ON 29.09.2012

Name :

Mr. Anuj Rajinder Miglani

Designation :

Director

Address :

21-B Embassy Apartments, 46 Nepean Sea Road, Mumbai-400036, Maharashtra, India

Date of Birth/Age :

01.04.1974

Qualification :

Mechanical Engineer from Imperial College, London

Date of Appointment :

15.09.2010

PAN No.:

AABPM6332L

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 PRIVATE 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	10/11/2012	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	28/03/2012	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	U60231HR2007PTC049541	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	U45202HR2008PTC049526	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	U51900HR1984PLC048132	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
32	U14298MH2008PTC189012	AURA MINERALS PRIVATE LIMITED	Additional director	28/12/2012	28/12/2012	28/12/2012	Active	NO

Name :

Mr. Ankit Rajinderkumar Miglani

Designation :

Director

Address :

21-B Embassy Apartments, 46 Nepean Sea Road, Mumbai-400036, Maharashtra, India

Date of Birth/Age :

23.02.1979

Qualification :

Graduate in Economics from Wharton School, U.S.A.

Date of Appointment :

15.09.2010

PAN No.:

AACPM1902P

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	20/12/2012	Active	NO
11	U51900MH1989PTC051001	KARISHMA TRADING COMPANY PRIVATE LIMITED	Director	30/12/2006	30/12/2006	-	Active	NO
12	U60231HR2007PTC049541	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	06/11/2012	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	U45202HR2008PTC049526	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	U51900HR1984PLC048132	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
32	L27100MH1970PLC014621	UTTAM VALUE STEELS LIMITED	Additional director	28/12/2012	28/12/2012	-	Active	NO

Name :

Mr. Rolph Sequeira

Designation :

Director

Address :

B/4, 704,High Land Park, Jai Shastri Nagar, Mulund (West), Mumbai-400082, Maharashtra, India

Date of Birth/Age :

21.03.1960

Qualification :

B. Com

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	U45202MH1994PTC081286	PARITOSA PROPERTIES PRIVATE LIMITED	Director	17/04/1997	17/04/1997	01/11/2012	Active	NO
6	U70101MH1994PTC081160	OPASA STEELS PRIVATE LIMITED	Director	17/04/1997	17/04/1997	18/09/2012	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	U51900HR1984PLC048132	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 PRIVATE LIMITED	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, India

Date of Birth/Age :

04.09.1983

Qualification :

B. Com

Date of Appointment :

30.09.2009

PAN No.:

AKWPD7689L

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	U51900HR1984PLC048132	KREDENCE MULTI TRADING LIMITED	Director	30/09/2009	11/05/2009	Active	NO

Name :

Mr. Debkumar Krishnapada 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

Qualification :

B. Com

Date of Appointment :

30.09.2009

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	U51900HR1984PLC048132	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

KEY EXECUTIVES

Name :	Ms. Madhura
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

NOTE:

SHAREHOLDING DETAILS FILE ATTACHED

AS ON 29.09.2012

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	39.02
Others	60.98
Total	100.00

BUSINESS DETAILS

Line of Business :	Trading in Iron and Steel, Shares and Property.
Terms :
Selling :	L/C and Credit
Purchasing :	L/C and Credit

GENERAL INFORMATION

Customers :	End Users
No. of Employees :	30 (Approximately)
Bankers :	Ø Dena Bank, Dena Corporate Centre, Bandra Kurla Complex, Bandra (East), Mumbai – 400021, Maharashtra, India [Tel No.: 91-22-26545000] Ø Canara Bank Ø ICICI Bank Limited Ø Kotak Mahindra Bank Limited Ø Punjab and Maharashtra Co-operative Bank Limited Ø State Bank of India Ø Union Bank of India

Banking Relations :	--
Auditors :
Name :	Sonal V Desai Chartered Accountant
Address :	104, Tuscon, Trikal CHS, Plot No. 310, 90 Feet Road, Ghatkopar (East), Mumbai - 400075, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AAMPD9246M
Other Related Parties :	Ø Archisha Investments Private Limited [U67120MH1981PTC025930] Ø Barclay Exports Private Limited Ø Grow well Mercantile Limited [U51900HR1997PLC047058] Ø Heli Properties Private Limited [U70101MH1994PTC081366] Ø Karishma Trading Company Private Limited [U51900MH1989PTC051001] Ø Siddharth Holding Private Limited Ø Opasa Steels Private Limited Ø Paritosha Properties Private Limited Ø Heli Properties Private Limited Ø Uttam Galva Steels Limited [L27104MH1985PLC035806] Ø Uttam Galva Metallics Limited [U27200HR2007PLC037927] Ø Uttam Exports Private Limited [U51900MH1982PTC028710] Ø Vaikunth Townships Private Limited [U45201MH2006PTC165166] Ø Sainath Trading Company Private Limited [U51311MH1971PTC015460] Ø Golden Greens Golf And Resorts Limited [U55101HR1988PLC030288] Ø Bakura Properties Private Limited [U45202MH1994PTC081324]

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
5,000,000	Equity Shares	Rs. 10/- each	Rs. 50.000 Millions
5,000,000	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
940,500	Equity Shares	Rs. 10/- each	Rs. 9.405 Millions
325,000	Preference Shares	Rs. 10/- each	Rs. 3.250 Millions
	Total		Rs. 12.655 Millions

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	12.655	9.405
(b) Reserves & Surplus	541.063	259.532
(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)	553.718	268.937
(3) Non-Current Liabilities
(a) long-term borrowings	259.600	504.600
(b) Deferred tax liabilities (Net)	3.112	1.675
(c) Other long term liabilities	20.000	40.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	282.712	546.275
(4) Current Liabilities
(a) Short term borrowings	0.000	207.582
(b) Trade payables	1382.778	702.482
(c) Other current liabilities	3.147	0.266
(d) Short-term provisions	3.105	0.097
Total Current Liabilities (4)	1389.030	910.427
TOTAL	2225.460	1725.639
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	39.760	40.115
(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	671.400	671.400
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	119.945	119.945
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	831.105	831.460
(2) Current assets
(a) Current investments	4.363	51.703
(b) Inventories	80.266	86.954
(c) Trade receivables	794.335	646.562
(d) Cash and cash equivalents	197.483	81.943
(e) Short-term loans and advances	317.908	27.017
(f) Other current assets	0.000	0.000
Total Current Assets	1394.355	894.179
TOTAL	2225.460	1725.639

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		6.905
2] Share Application Money		0.000
3] Reserves & Surplus		44.821
4] (Accumulated Losses)		0.000
NETWORTH		51.726
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		658.070
TOTAL BORROWING		658.070
DEFERRED TAX LIABILITIES		0.000
TOTAL		709.796
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		35.449
Capital work-in-progress		0.000
INVESTMENT		492.060
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	5.376
	Sundry Debtors	0.000
	Cash & Bank Balances	5.121
	Other Current Assets	0.000
	Loans & Advances	201.429
Total Current Assets		211.926
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	29.639
	Provisions	0.000
Total Current Liabilities		29.639
Net Current Assets		182.287
MISCELLANEOUS EXPENSES		0.000
TOTAL		709.796

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Revenue from operations	3833.486	1076.527	259.333
		Other Income	8.977	5.472	31.316
		TOTAL (A)	3842.463	1081.999	290.649
Less	EXPENSES
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	3726.826	1031.088	234.960
		Employee benefit expense	1.814	1.161	0.000
		Other expenses	6.196	18.319	7.304
		Prior period items	0.000	0.000	(0.149)
		TOTAL (B)	3734.836	1050.568	242.115
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		107.627	31.431	48.534
Less	FINANCIAL EXPENSES (D)		68.736	8.985	0.195
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		38.891	22.446	48.339
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.919	0.772	0.253
	PROFIT BEFORE TAX (E-F) (G)		37.972	21.674	48.086
Less	TAX (H)		12.937	5.108	7.347
	PROFIT AFTER TAX (G-H) (I)		25.035	16.566	38.739
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	0.000	0.214	0.000
	CIF VALUE OF IMPORTS		0.000	448.961	0.000
	Earnings Per Share (Rs.)		19.78	17.61	56.10

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.65	1.53	13.33
Net Profit Margin (PBT/Sales)	(%)	0.99	2.01	18.54
Return on Total Assets (PBT/Total Assets}	(%)	2.44	2.05	19.44
Return on Investment (ROI) (PBT/Networth)		0.07	0.08	0.93
Debt Equity Ratio (Total Debt/Networth)		0.47	2.65	12.72
Current Ratio (Current Asset/Current Liability)		1.00	0.98	7.15

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	Yes
17]	Major suppliers	No
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	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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

UNSECURED LOANS

Unsecured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
LONG-TERM BORROWINGS
Deposits from others	259.600	504.600
SHORT-TERM BORROWINGS
Other loans and advances	0.000	207.582
Total	259.600	712.182

BACKGROUND

Kredence Multi Trading Private Limited is a company incorporated under the Companies Act, 1956 and is engaged in the business of Trading in Iron and Steel, Shares and Property.

FINANCIAL RESULTS

During the year the company has earned a Profit of Rs. 25.035 Millions (Rs. 16.566 Millions).

FIXED ASSETS:

Ø Air Conditioner

Ø Computer

Ø Fax Machine

Ø Flat at Delhi

Ø Motor Car

Ø Office at Mumbai

Ø Office at Mumbai

Ø Furniture and Fixture

Ø Refrigerator

Ø 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. 59.90
UK Pound	1	Rs. 90.88
Euro	1	Rs. 78.32

INFORMATION DETAILS

Information Gathered by :	PLK
Report Prepared by :	BVA

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	NO
--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
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
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.