MIRA INFORM REPORT

Report Date :

15.06.2013

IDENTIFICATION DETAILS

Name :	AIPL MARKETING PRIVATE LIMITED
Registered Office :	409, 4^th Floor, D-Mall, Netaji Subhash Place, Pitampura, Delhi - 110034
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	29.05.2010
Com. Reg. No.:	55-203345
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U52100DL2010PTC203345
TAN No.: [Tax Deduction & Collection Account No.]	DELA27223A
PAN No.: [Permanent Account No.]	AAICA5710E
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Supplier and Importer of AIPL ABRO Brand Appearance/ Air Freshness Products, Cleaners/ Engine and Fuel Additives Performance Products.
No. of Employees :	80 (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 2400
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a relatively new company having a moderate track record. The company has incurred a loss during 2012. The position of the networth is very weak whereas the external short term borrowings are huge and are increasing over previous year. Liquidity position seems to be weak. However, trade relations are fair. Business is active. Payment terms are slow. 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 [GENERAL DETAILS]

Name :	Mr. Chanan
Designation :	General Manager
Contact No.:	91-9350173383
Date :	11.06.2013

LOCATIONS

Registered Office/ Factory :	409, 4^th Floor, D-Mall, Netaji Subhash Place, Pitampura, Delhi – 110034, India
Tel. No.:	91-11-49010145/ 47506044/ 49010190
Mobile No.:	91-9350173383 [Mr. Chanan]
Fax No.:	91-11-49010102
E-Mail :	ajit.gupta@ajitindustries.com akash.jain@ajitindustries.com info@aiplabro.com
Website :	http://www.aiplabro.in
Location :	Rented

DIRECTORS

AS ON 14.09.2012

Name :

Mr. Ajit Kumar Gupta

Designation :

Director

Address :

A-20, Panchwati Azadpur, Delhi – 110033, India

Date of Birth/Age :

05.05.1964

Date of Appointment :

29.05.2010

DIN No.:

00019393

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	U33112DL1998PTC092320	AJIT INDUSTRIES PRIVATE LIMITED	Managing director	30/03/1999	30/03/1999	-	Active	NO
2	U45202DL2005PTC141943	EMPIRE BUILDTECH PRIVATE LIMITED	Director	20/10/2005	20/10/2005	-	Active	NO
3	U74899DL2005PTC141942	HIGHVALLEY REALCON PVT LTD	Director	20/10/2005	20/10/2005	-	Active	NO
4	U45201DL2006PTC145997	EMPIRE BUILDCON PRIVATE LIMITED	Director	07/02/2006	07/02/2006	-	Active	NO
5	U45201DL2006PTC145996	HIGHVALLEY BUILDTECH PRIVATE LIMITED	Director	07/02/2006	07/02/2006	-	Active	NO
6	U45202HP2006PTC030006	J S ENERGY PRIVATE LIMITED	Director	07/04/2006	07/04/2006	-	Active	NO
7	U45202HP2006PTC030005	AJIT ENERGY PRIVATE LIMITED	Director	07/04/2006	07/04/2006	-	Active	NO
8	U32109DL2006PTC154042	HIGHVALLEY INSULATIONS PRIVATE LIMITED	Director	19/09/2006	19/09/2006	-	Active	NO
9	U72200DL2006PTC154182	HIGHVALLEY TECHNOLOGY PRIVATE LIMITED	Director	21/09/2006	21/09/2006	-	Active	NO
10	U72300DL2007PTC157777	EMPIRE EPARKS PRIVATE LIMITED	Director	11/01/2007	11/01/2007	-	Active	NO
11	U31908DL2007PTC162515	INTECH DIGITAL TECHNOLOGY (INDIA) PRIVATE LIMITED	Director	24/04/2007	24/04/2007	14/04/2011	Active	NO
12	U45300DL2007PTC164196	UNIEXCEL DEVELOPERS PRIVATE LIMITED	Director	30/05/2007	30/05/2007	-	Active	NO
13	U24297DL2007PTC171143	TUN WA POLY FILMS PRIVATE LIMITED	Director	06/12/2007	06/12/2007	-	Active	NO
14	U72200DL2008PTC172535	HIGHRISE INFOTECH PRIVATE LIMITED	Director	10/01/2008	10/01/2008	-	Active	NO
15	U27310DL2008PTC172571	SWIFT EPARKS PRIVATE LIMITED	Director	11/01/2008	11/01/2008	-	Active	NO
16	U51909DL2009PTC189380	S G POLYPLAST PRIVATE LIMITED	Director	15/04/2009	15/04/2009	-	Active	NO
17	U52100DL2010PTC203345	AIPL MARKETING PRIVATE LIMITED	Director	29/05/2010	29/05/2010	-	Active	NO
18	U35999DL2011PTC218569	SAM AUTOTECH PRIVATE LIMITED	Director	04/05/2011	04/05/2011	-	Active	NO
19	U27101RJ1991PTC006167	IMPEX METAL PRIVATE LIMITED	Director	19/08/2011	19/08/2011	-	Active	NO
20	U70102DL2011PTC227239	A G REALCON PRIVATE LIMITED	Director	09/11/2011	09/11/2011	-	Active	NO
21	U35999DL2011PTC227453	SAM AUTOPRO PRIVATE LIMITED	Director	15/11/2011	15/11/2011	-	Active	NO
22	U92190DL2012NPL239756	AFERA ME INDIA	Director	03/08/2012	03/08/2012	-	Active	NO

Name :

Mrs. Anjali Gupta

Designation :

Director

Address :

A-20, Panchwati Azadpur, Delhi – 110033, India

Date of Birth/Age :

01.01.1966

Date of Appointment :

29.05.2010

DIN No.:

02327295

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	U51909DL2009PTC189380	S G POLYPLAST PRIVATE LIMITED	Director	15/04/2009	15/04/2009	Active	NO
2	U52100DL2010PTC203345	AIPL MARKETING PRIVATE LIMITED	Director	29/05/2010	29/05/2010	Active	NO
3	U35999DL2011PTC218569	SAM AUTOTECH PRIVATE LIMITED	Director	04/05/2011	04/05/2011	Active	NO
4	U70102DL2011PTC227239	A G REALCON PRIVATE LIMITED	Director	09/11/2011	09/11/2011	Active	NO
5	U35999DL2011PTC227453	SAM AUTOPRO PRIVATE LIMITED	Director	15/11/2011	15/11/2011	Active	NO
6	U27101RJ1991PTC006167	IMPEX METAL PRIVATE LIMITED	Director	29/09/2012	30/03/2012	Active	NO

KEY EXECUTIVES

Name :	Mr. Chanan
Designation :	General Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 14.09.2012

Names of Shareholders	No. of Shares
Ajit Kumar Gupta	5000
Anjali Gupta	5000
Total	10000

AS ON 20.12.2012

Names of Allottees	No. of Shares
Ajit Kumar Gupta	120000
Anjali Gupta	120000
Total	240000

AS ON 14.09.2012

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

BUSINESS DETAILS

Line of Business :	Manufacturer, Supplier and Importer of AIPL ABRO Brand Appearance/ Air Freshness Products, Cleaners/ Engine and Fuel Additives Performance Products.
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

Wholesalers

No. of Employees :

80 (Approximately)

Bankers :

HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai – 400013, Maharashtra, India [Tel No.: 91-22-28561818]

Facilities :

Secured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
SHORT TERM BORROWINGS
Secured from HDFC Bank Limited [Against collateral security of the property owned by the director and relative and personal guarantee of directors]	4.948	0.000
Total	4.948	0.000

Banking Relations :	--
Auditors :
Name :	Virendra K Jain and Company Chartered Accountants
Address :	3618/11 Sudhershan Market, Pt. College (1st Floor), Delhi – 110006, India
Income-tax PAN of auditor or auditor's firm :	AADPJ6778M

CAPITAL STRUCTURE

AFTER 14.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
250,000	Equity Shares	Rs. 10/- each	Rs. 2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
250,000	Equity Shares	Rs. 10/- each	Rs. 2.500 Millions

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
50,000	Equity Shares	Rs. 10/- each	Rs. 0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10,000	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	0.512	0.518
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
(3) Non-current liabilities
(a) long-term borrowings	0.000	0.000
(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
(4) Current liabilities
(a) Short term borrowings	16.120	6.130
(b) Trade payables	32.918	6.493
(c) Other current liabilities	3.880	0.511
(d) Short-term provisions	0.711	0.256
TOTAL	54.241	14.008
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.331	0.067
(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)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
	0.331	0.067
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	26.795	9.089
(c) Trade receivables	22.861	2.589
(d) Cash and cash equivalents	1.415	1.614
(e) Short-term loans and advances	0.523	0.026
(f) Other current assets	2.316	0.623
TOTAL	54.241	14.008

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011
	SALES
		Income	77.566	7.289
		Other Income	NA	9.090
		TOTAL	NA	16.379
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	NA	15.612
	PROFIT/ (LOSS) BEFORE TAX		0.108	0.767
Less	TAX		0.114	0.249
	PROFIT/ (LOSS) AFTER TAX		(0.006)	0.518
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.518	0.000
	BALANCE CARRIED TO THE B/S		0.512	0.518
	IMPORTS
		Traded Goods	23.624	7.519
	Earnings/ (Loss) Per Share (Rs.)		(0.60)	5.18

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011
PAT / Total Income	(%)	NA	3.16
Net Profit Margin (PBT/Sales)	(%)	0.14	10.52
Return on Total Assets (PBT/Total Assets}	(%)	0.20	5.48
Return on Investment (ROI) (PBT/Networth)		0.18	1.24
Debt Equity Ratio (Total Debt/Networth)		26.34	9.92
Current Ratio (Current Asset/Current Liability)		1.01	1.04

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 two years	Yes
12]	Profitability for last two 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)	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	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

UNSECURED LOANS

Unsecured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
SHORT TERM BORROWINGS
Loans and Advance from Related Parties	11.172	6.130
Total	11.172	6.130

Note:

The registered office of the company has been shifted from M-7, Aradhana Bhawan, Azadpur Commercial Complex, Delhi – 110033, India t the present w.e.f.01.11.2012.

OPERATION:

During the year the company achieved turnover of Rs.77.566 Millions as against turnover of Rs.7.289 Millions during the preceding year. Previous year was the first year of operation and hence the turnover for previous year is just for four months. The net profit before provision of tax amounted to Rs.0.108 Million as against Rs.0.828 Million during last year. There has been a fall in net profit as the company is in the process of setting up the business and hence initial marketing setup cost for the year is very high. After current tax provision of Rs.0.114 Million, the net loss amounted to Rs.0.006 Million. Adding thereto the brought forward profit of Rs.0.518 Million the total profit of Rs.0.512 Million is recommended to be carried forward.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U52100DL2010PTC203345
Name of the company	AIPL MARKETING PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	409, 4^th Floor, D-Mall, Netaji Subhash Place, Pitampura, Delhi – 110034, India Email: akash.jain@ajitindustries.com
This form is for	Modification of charge
Charge identification number of the modified	10294367
Type of charge	Immovable property Book debts Movable property (not being pledge) Floating charge
Particular of charge holder	HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai – 400013, Maharashtra, India Email: RBBform8@hdfcbank.com CIN No.: L65920MH1994PLC080618
Nature of description of the instrument creating or modifying the charge	a] Supplementary Letter of Hypothecation. b] Memorandum Recording Past Transaction of Creation of Mortgage by Delivery of Title Deeds. [Collectively constitute a single charge for Rs.67.278 Millions].
Date of instrument Creating the charge	21.03.2013
Amount secured by the charge	Rs. 67.278 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest at the rate as may be communicated by the Bank from time to time. Terms of Repayment On Demand Margin As may be stipulated by the Bank from time to time. Extent and Operation of the charge [a] Hypothecation by way of First Charge on Company's Stock and Book Debts to secure as a continuing security, [b] The Company accorded and gave oral consent to Bank to continue to hold and retain the title deeds [by way of Constructive delivery] in respect of its immovable properties, as security for repayment of Rs.67.278 Millions together with principal, interest, liquidated damages, costs, charges and expenses.
Short particulars of the property charged	Stock-in-trade, consisting of raw materials, goods in process of manufacturing finished goods, and other merchandise whatsoever being movable properties All the Debts, that is, all the book debts, outstandings, monies receivables, claims, bills, invoice documents, contracts, guarantees, and rights Immovable properties being Unit No. 409, on 4th Floor, measuring 873 sq. ft., built on Plot No. A1, Wazirpur District Center, Netaji Subhash, Place Pitampur, New Delhi
Date of Modification	06.09.2012
Particulars of the present modification	The charge shall now stand increased from Rs.55.513 Millions to Rs.67.278 Millions in favour of the Bank against the security of stocks and book debts and immovable property being lying and situated at Unit No. 409, on 4th Floor, measuring 873 sq. ft., built on Plot No. A1, Wazirpur District Center, Netaji Subhash, Place Pitampur, New Delhi

FIXED ASSETS:

Computer

Office Equipments

Furniture and Fixture

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. 57.74
UK Pound	1	Rs. 90.64
Euro	1	Rs. 77.02

INFORMATION DETAILS

Information Gathered by :	PLV
Report Prepared by :	BVA

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	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
DEFAULTERS
--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.