1. Summary Information

		Country	India
Company Name	GOKUL POLYMERS PRIVATE LIMITED	Principal Name 1	Mr. Aditiya Garg
Status	Moderate	Principal Name 2	Mr. Surender Garg
		Registration #	55-194302
Street Address	C-31, Bhagwan Dass Bagar, East Punjabi Bagh, New Delhi – 110026
Established Date	15.09.2009	SIC Code	--
Telephone#	91-11-28315959/25315327/28315649	Business Style 1	Manufacturer
Fax #	91-11-28315959	Business Style 2	Trader
Homepage	Not Available	Product Name 1	Shoes Material
# of employees	25 (Approximately)	Product Name 2	--
Paid up capital	Rs.100,000/-	Product Name 3	--
Shareholders	Not Available	Banking	Kotak Mahindra Bank Limited
Public Limited Corp.	No	Business Period	4 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	B (27)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	6,359,000	Current Liabilities	27,000
Inventories	7,000	Long-term Liabilities	6,960,000
Fixed Assets	0000	Other Liabilities	0,000
Deferred Assets	0000	Total Liabilities	6,987,000
Invest& other Assets	709,000	Retained Earnings	0,000
		Net Worth	88,000
Total Assets	7,075,000	Total Liab. & Equity	7,075,000
Total Assets (Previous Year)	108,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	NA	Net Profit	NA
Sales(Previous yr)	NA	Net Profit(Prev.yr)	NA

MIRA INFORM REPORT

Report Date :

20.06.2013

IDENTIFICATION DETAILS

Name :	GOKUL POLYMERS PRIVATE LIMITED
Registered Office :	C-31, Bhagwan Dass Bagar, East Punjabi Bagh, New Delhi – 110026
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	15.09.2009
Com. Reg. No.:	55-194302
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U74900DL2009PTC194302
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Trader of Shoes Material.
No. of Employees :	25 (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 300
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporated in 2009, It started it activities from April 2012. Mr. Rohit the Import Manager has confirmed the sales for the year 2012-13 which is not verified. However, trade relations are reported to be fair. Business is active. Payments are unknown. The company can be considered for business dealing 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. Rohit
Designation :	Import Manager
Contact No.:	91-11-28315959
Date :	15.06.2013

LOCATIONS

Registered Office :	C-31, Bhagwan Dass Bagar, East Punjabi Bagh, New Delhi – 110026, India
Tel. No.:	91-11-28315959/25315327/28315649
Fax No.:	91-11-28315959
E-Mail :	Gokulexim2@gmail.com Gokulexim1@rediffmail.com ca@hsahujaandco.com
Factory :	Plot No. 338, Sector 17, H.S.I.I.D.C Bahadurgarh, Haryana, India

DIRECTORS

As on 30.09.2011

Name :	Mr. Aditiya Garg
Designation :	Director
Address :	F-11, Bhagwan Dass Nagar, New Delhi – 110026, India
Date of Birth/Age :	11.09.1990
Date of Appointment :	15.09.2009
DIN No.:	02722226
Name :	Anu Garg
Designation :	Director
Address :	F-11, Bhagwan Dass Nagar, New Delhi – 110026, India
Date of Appointment :	15.09.2009
DIN No.:	01083658
Name :	Mr. Surender Garg
Designation :	Director
Address :	F-11, Bhagwan Dass Nagar, New Delhi – 110026, India
Date of Birth/Age :	28.01.1966
Date of Appointment :	15.09.2009
DIN No.:	01201053
Name :	Mr. Satya Gupta
Designation :	Director
Address :	B-2/7, Miyanwali Nagar, New Delhi - 110087, India
Date of Birth/Age :	28.01.1966
Date of Appointment :	15.09.2009
DIN No.:	01201053
Name :	Mr. Atul Mittal
Designation :	Director
Address :	B-2/7, Miyanwali Nagar, New Delhi - 110087, India
Date of Birth/Age :	13.09.1978
Date of Appointment :	20.10.2010
DIN No.:	00592035

KEY EXECUTIVES

Name :	Mr. Rohit
Designation :	Import Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Surender Garg	3500
Aditiya Garg	3000
Anu Garg	3500
Total	10000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Trader of Shoes Material.
Imports :
Products :	Raw Material
Countries :	· Korea · Taiwan · China · Thailand
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

No. of Employees :	25 (Approximately)
Bankers :	· Kotak Mahindra Bank Limited, Delhi Branch, India · Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227-D, Nariman Point, Mumbai – 400021, Maharashtra, India
Facilities :	Term Loan: Rs. 60.000 Millions

Banking Relations :	--
Auditors :
Name :	H.S.Anuja and Company Chartered Accountants
Address :	H-16, Gobind Mansion, Connaught Circus, New Delhi - 110001, India
Tel. No.:	91-11-45874900-05
Fax No.:	91-11-23322581
E-Mail :	ca@hsahujaandco.com
PAN No.:	AAAFH1929B

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		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		(0.012)	(0.012)
NETWORTH		0.088	0.088
LOAN FUNDS
1] Secured Loans		0.000	0.000
2] Unsecured Loans		6.960	0.010
TOTAL BORROWING		6.960	0.010
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		7.048	0.098
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000	0.000
Capital work-in-progress		0.699	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.007	0.000
	Sundry Debtors	0.000	0.000
	Cash & Bank Balances	0.159	0.098
	Other Current Assets	0.000	0.000
	Loans & Advances	6.200	0.000
Total Current Assets		6.366	0.098
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.007	0.000
	Other Current Liabilities	0.020	0.010
	Provisions	0.000	0.000
Total Current Liabilities		0.027	0.010
Net Current Assets		6.339	0.088
MISCELLANEOUS EXPENSES		0.010	0.010
TOTAL		7.048	0.098

Particulars	31.03.2013
Sales Turnover (Approximately)	60.000

Expected Sales (2013-2014): Rs.Rs.150.000 Millions

The above information has been parted by Mr. Rohit (Import Manager)

KEY RATIOS

PARTICULARS	31.03.2012	31.03.2011
Debt Equity Ratio (Total Debt /Networth)	79.09	0.11
Current Ratio (Current Asset/Current Liability)	235.78	9.80

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 three years	No
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	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 LOAN

PARTICULARS	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Loan from Directors, Friends and Relative	6.960	0.010
Total	6.960	0.010

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U74900DL2009PTC194302
Name of the company	GOKUL POLYMERS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	C-31, Bhagwan Dass Bagar, East Punjabi Bagh, New Delhi – 110026, India Email: ca@hsahujaandco.com
This form is for	Creation of charge
Type of charge	· Book debts · Current Assets
Particular of charge holder	(CIN: L65110MH1985PLC038137) Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227-D, Nariman Point, Mumbai – 400021, Maharashtra, India Email: john.fernandes@kotak.com
Nature of instrument creating charge	Deed of Hypothecation.
Date of instrument Creating the charge	26.06.2012
Amount secured by the charge	Rs.30.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest As may be specified by the bank from time to time. Terms of Repayment As may be specified by the bank from time to time. Margin LC - Cash margin of Rs.17.000 Millions shall be provided upfront in the form of FD. For utilization of the limit proportionate cash margin shall be provided. Lien shall be marked on the FD in favour of the Bank. Extent and Operation of the charge First and exclusive charge by way of Hypothecation of Current assets present and future of the Borrower, in favour of Kotak Mahindra bank as security for repayment of financial facilities granted by the Bank to the Borrower. Others 2THS
Short particulars of the property or asset(s) charged (including complete address and location of the property)	The whole of Borrower's Current assets both present and future as described in Schedule to the Deed of Hypothecation.

FINANCIAL RESULTS

This is to bring to the notice of the members of the company that, during the year under report all the administrative expenses incurred have been transferred to building Work in progress.

It is hoped that the company would show better results during the current year.

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.58.74
UK Pound	1	Rs.91.99
Euro	1	Rs.78.70

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	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
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.