MIRA INFORM REPORT

Report Date :

14.06.2013

IDENTIFICATION DETAILS

Name :	EXCELUS STAR FOODBEV PRIVATE LIMITED
Registered Office :	22A Todi Estate, Sun Mill Compund, Lower Parel, Mumbai – 400013, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	21.11.2011
Com. Reg. No.:	11-224183
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U15500MH2011PTC224183
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Processed Foods Health Food etc.
No. of Employees :	70 (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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a relatively new company having a moderate track record. Mr. Tushar Parekh the Director confirm that the company was incorporate November 2011, It started its business activity from June 2012. He also provide the sales turnover for (2012-2013) which is not verified. However, trade relations are reported to be fair. Business is active. Payments are reported to be unknown. The company can be considered for business dealings with great 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. Tushar Parekh
Designation :	Director
Contact No.:	91-9820033098
Date :	11.06.2013

LOCATIONS

Registered Office Corporate Headquarter / Branch Office:	22A Todi Estate, Sun Mill Compund, Lower Parel, Mumbai – 400013, Maharashtra, India
Tel. No.:	91-22-40012525
Mobile No.:	91-9820033098 (Mr. Tushar Parekh)
Fax No.:	91-22-40012526
E-Mail :	Tushar.parekh@excelusstar.in
Website:	www.excelusstar.in
Location :	Owned
Factory:	Plot No. 470/8, P. B No.118, Post – Chipri – 416101 (Via - Jaysingpur), District – Kolhapur, Maharashtra, India
Tel No.:	91-2322-255751/255752

DIRECTORS

As on 29.09.2012

Name :

Mr. Tushar Dhanraj Parekh

Designation :

Managing Director

Address :

62, Silver Arch, Napeansea Raod, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

09.09.1975

Date of Appointment :

21.11.2011

DIN No.:

01224082

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	U99999MH1995PTC088576	SERVTECH SYSTEMS INDIA PRIVATE LIMITED	Director	19/05/1995	19/05/1995	-	Active	NO
2	U15500MH2011PTC224183	EXCELUS STAR FOODBEV PRIVATE LIMITED	Managing director	21/11/2011	21/11/2011	-	Active	NO
3	U93030MH2011PTC224626	SYSTEMATICA (INDIA) CONSULTANTS PRIVATE LIMITED	Director	05/12/2011	05/12/2011	-	Active	NO

Name :

Mr. Sanjay Danchand Ghodawat

Designation :

Director

Address :

Sushreya, 2459, Yeshwant Co-Operative Housing Society, Mumbai – 416101, Maharashtra, India

Date of Birth/Age :

28.02.1964

Date of Appointment :

21.11.2011

DIN No.:

00109933

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	U29110MH1993PTC074899	GHODAWAT ENERGY PRIVATE LIMITED	Director	01/04/2007	04/11/1993	-	Active	NO
2	U74140MH1997PTC107418	STAR OXOCHEM PRIVATE LIMITED	Director	21/04/1997	21/04/1997	-	Active	NO
3	U72200PN1999PTC013214	STAR INFOSYSTEMS PRIVATE LIMITED	Director	01/01/1999	01/01/1999	-	Active	NO
4	U70200KA1994PTC016357	TOPAZ INVESTMENTS PRIVATE LIMITED	Director	01/08/1999	01/08/1999	-	Active	NO
5	U74900MH1989PTC051168	GHODAWAT POWER PRIVATE LIMITED	Director	08/10/1999	08/10/1999	-	Active	NO
6	U74900MH1990PTC055935	GHODAWAT WIND-ENERGY PRIVATE LIMITED	Director	08/10/1999	08/10/1999	-	Active	NO
7	U16008PN1998PTC012977	MANALI PRODUCTS PRIVATE LIMITED	Director	22/09/2000	22/09/2000	-	Active	NO
8	U16000PN2002PTC017370	GHODAWAT FOODS INTERNATIONAL PRIVATE LIMITED	Director	21/10/2002	21/10/2002	-	Active	NO
9	U65921PN2007PTC130044	SDG FINANCE AND INVESTMENT PRIVATE LIMITED	Director	25/04/2007	25/04/2007	-	Active	NO
10	U74900KA1995PTC017883	GHODAWAT ENTERPRISES PRIVATE LIMITED	Director	07/12/2007	07/12/2007	-	Active	NO
11	U17301PN2008PTC132189	FOURSTAR TEXTILES PRIVATE LIMITED	Director	06/06/2008	06/06/2008	-	Active	NO
12	U01114PN2008PTC133229	GHODAWAT INDUSTRIES (INDIA) PRIVATE LIMITED	Whole-time director	10/04/2012	15/12/2008	-	Active	NO
13	U01122PN2009PTC133605	GHODAWAT AGRO PRIVATE LIMITED	Director	05/03/2009	05/03/2009	-	Active	NO
14	U15411GJ2009PTC057271	GHODAWAT CHEMFOOD PRIVATE LIMITED	Director	16/06/2009	16/06/2009	30/11/2012	Active	NO
15	U29299PN2010PTC135984	SHRENIK INDUSTRIES PRIVATE LIMITED	Director	05/04/2010	05/04/2010	30/05/2012	Active	NO
16	U15500MH2011PTC224183	EXCELUS STAR FOODBEV PRIVATE LIMITED	Director	21/11/2011	21/11/2011	-	Active	NO

Name :

Mr. Kunal Champalal Vardhan

Designation :

Director

Address :

Shreevardhan Building, 20^th Floor, Umar Park, B.D Road, Opposite Tata Garden, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

18.07.1987

Date of Appointment :

21.11.2011

DIN No.:

00255842

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	U99999MH1997PTC109943	SHREE KISHORE VARDHAN DEVELOPERS PRIVATE LIMITED	Director	01/07/2000	01/07/2000	-	Active	NO
2	U45200MH2006PTC159621	SANSKAR REALTORS PRIVATE LIMITED	Director	08/02/2006	08/02/2006	-	Active	NO
3	U45200MH2006PTC159609	SANSKAR RESIDENCY PRIVATE LIMITED	Director	08/02/2006	08/02/2006	-	Active	NO
4	U55101MH2006PTC161801	GARDENS FOOD PLAZA PRIVATE LIMITED	Director	12/05/2006	12/05/2006	-	Strike off	NO
5	U70200MH2006PTC161870	ATRIA PARK AND REST PRIVATE LIMITED	Director	18/05/2006	18/05/2006	-	Converted to LLP	NO
6	U70102MH2006PLC161837	ATRIA MALL MANAGEMENT LIMITED	Director	02/01/2007	02/01/2007	-	Active	NO
7	U65921MH1996PTC099161	NEELAM FINANCE (BOMBAY) PRIVATE LIMITED	Director	30/09/2008	18/09/2008	-	Active	NO
8	U70102MH2010PTC210768	NEELAM REALTORS PRIVATE LIMITED	Director	08/12/2010	08/12/2010	-	Active	NO
9	U70100MH2010PTC211236	UNITY NEELAM REALCON PRIVATE LIMITED	Nominee director	25/02/2011	25/02/2011	-	Active	NO
10	U52300MH2011PTC216676	RR RETAIL PRIVATE LIMITED	Director	25/04/2011	25/04/2011	-	Active	NO
11	U51900MH1989PTC050254	STAR PREMISES PRIVATE LIMITED	Director	30/09/2011	27/06/2011	-	Active	NO
12	U15500MH2011PTC224183	EXCELUS STAR FOODBEV PRIVATE LIMITED	Director	21/11/2011	21/11/2011	-	Active	NO
13	AAA-2247	NEELAM SHANKALA REALTY LIMITED LIABILITY PARTNERSHIP	Designated Partner	14/09/2010	14/09/2010	-	Active	NO
14	AAA-5198	K.V DEVCON LLP	Designated Partner	15/06/2011	15/06/2011	-	Active	NO
15	AAA-5199	K.V BUILDHOME LLP	Designated Partner	15/06/2011	15/06/2011	-	Active	NO
16	AAA-6615	ATRIA PARK AND REST LLP	Designated Partner	18/10/2011	18/10/2011	-	Active	NO
17	AAA-7605	NEELAM SHANKALA DEVELOPERS AND BUILDERS LLP	Designated Partner	11/01/2012	11/01/2012	-	Active	NO
18	AAA-8114	NEELAM BUILDHOME LLP	Designated Partner	24/02/2012	24/02/2012	-	Active	NO
19	AAA-8427	NEELAM SIDDHIVINAYAK DEVHOME LLP	Designated Partner	16/03/2012	16/03/2012	-	Active	NO
20	AAA-8792	K.V BUILDINFRA LLP	Designated Partner	13/04/2012	13/04/2012	-	Active	NO
21	AAA-9180	URMILA VARDHAN DEVCON LLP	Designated Partner	11/05/2012	11/05/2012	-	Active	NO
22	AAB-1447	K.V DEVINFRA LLP	Designated Partner	03/10/2012	03/10/2012	-	Active	NO

Name :

Mr. Dhanraj Sheshmal Parekh

Designation :

Director

Address :

62, Silver Arch, Napeansea Raod, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

22.11.1949

Date of Appointment :

21.11.2011

DIN No.:

00926371

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	U74999MH2007PTC167889	WONDER TOUCH LIFE STYLE PRODUCTS PRIVATE LIMITED	Director	15/02/2007	15/02/2007	-	Active	NO
2	U15500MH2011PTC224183	EXCELUS STAR FOODBEV PRIVATE LIMITED	Director	21/11/2011	21/11/2011	-	Active	NO

Name :

Mr. Darshan Satish Godawat

Designation :

Director

Address :

6^th Lane, Vardhaman, Jaysingpur, Kolhapur – 416101, Maharashtra, India

Date of Birth/Age :

22.06.1982

Date of Appointment :

21.11.2011

DIN No.:

03640278

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	U15500MH2011PTC224183	EXCELUS STAR FOODBEV PRIVATE LIMITED	Director	21/11/2011	21/11/2011	-	Active	NO
2	U74140MH1997PTC107418	STAR OXOCHEM PRIVATE LIMITED	Director	29/09/2012	10/12/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2012

Names of Shareholders	No. of Shares
Tushar Dhanraj Parekh	3000
Neelam Champalal Vardhan	3000
Darshan Satish Godawat	2000
Sanjay Danchand Ghodawat	2000
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 :	Manufacturer of Processed Foods Health Food etc.
Imports :
Products :	Raw Material
Countries :	Japan China
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :	Others
No. of Employees :	70 (Approximately)
Bankers :	Kotak Mahindra Bank, 36-38A, Nariman Bhavan, 227, D Nariman Point, Mumbai - 400021, Maharashtra, India
Facilities :	--

Banking Relations :	--
Auditors :
Name :	R.U. Kamath and Company Chartered Accountants
Address :	701, Auto Commerce House, Kennedy Bridge, Nana Chowk, Mumbai – 400007, Maharashtra, India
PAN No.:	AAEPK8018L

CAPITAL STRUCTURE

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs. 0.100 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
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100
(b) Reserves & Surplus	(0.384)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
(3) Non-current liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
(4) Current liabilities
(a) Short term borrowings	44.250
(b) Trade payables	0.000
(c) Other current liabilities	3.769
(d) Short-term provisions	0.000
TOTAL	47.735
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	20.529
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	23.048
(e) Other Non-current assets	0.000
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.000
(d) Cash and cash equivalents	3.335
(e) Short-term loans and advances	0.046
(f) Other current assets	0.777
TOTAL	47.735

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012
	SALES
		Income
		Other Income
		TOTAL	0.000
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	0.384
	PROFIT / (LOSS) BEFORE TAX		(0.384)
Less	TAX		0.000
	PROFIT / (LOSS) AFTER TAX		(0.384)
	Earnings/ (Loss) Per Share (Rs.)		(38.4)

Particulars	31.03.2013
Sales Turnover (Approximately)	180.000

The above information has been parted by Mr. Tushar Parekh (Director)

KEY RATIOS

PARTICULARS		31.03.2012
PAT / Total Income	(%)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(1.41)
Return on Investment (ROI) (PBT/Networth)		(1.35)
Debt Equity Ratio (Total Debt /Networth)		(155.81)
Current Ratio (Current Asset/Current Liability)		0.09

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 one year	Yes
12]	Profitability for last one year	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
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	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

REVIEW OF OPERATIONS

The Company was incorporated on November 21, 2011; however the company is yet to commenced commercial activities .The Board is optimistic and see’s good opportunities for the Company in the years to come.

UNSECURED LOAN

PARTICULARS	31.03.2012 (Rs. in Millions)
Short-term borrowings
Loans From Shareholders	44.250
Total	44.250

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.58.41
UK Pound	1	Rs.91.62
Euro	1	Rs.78.12

INFORMATION DETAILS

Information Gathered by :	PDT
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	3
--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	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	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.