MIRA INFORM REPORT

Report Date :

25.06.2013

IDENTIFICATION DETAILS

Name :	HAZEL MERCANTILE LIMITED (w.e.f. 09.03.1999)
Formerly Known As :	HAZEL MERCANTILE PRIVATE LIMITED
Registered Office :	181, Ashoka Shopping Centre, 2^nd Floor, G.T. Hospital Complex, L.T. Road, Mumbai – 400 001, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	16.10.1995
Com. Reg. No.:	11-093674
Capital Investment / Paid-up Capital :	Rs.300.000 Millions
CIN No.: [Company Identification No.]	U51900MH1995PLC093674
TAN No.: [Tax Deduction & Collection Account No.]	MUMH05177E / MUMH04309E
PAN No.: [Permanent Account No.]	AAACH2671K
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the business of Imports, Exports, Trading and Distribution of Chemicals, Metals, Sheets, Paper, Pharmaceutical Products, Paper Products, Natural Rubber, Chemicals, Computer Software Development and Electricity Generation etc.
No. of Employees :	400 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (59)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 10984000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track record. Financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. 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	CARE
Rating	Long Term Bank Facilities: A
Rating Explanation	Adequate degree of safety and low credit risk.
Date	February, 2013

Rating Agency Name	CARE
Rating	Short Term Bank Facilities: A1
Rating Explanation	Very strong degree of safety and lowest credit risk.
Date	February, 2013

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. Nikunj
Designation :	Finance Manager
Contact No.:	91-22-22824444
Date :	24.06.2013

LOCATIONS

Registered Office :	181, Ashoka Shopping Centre, 2^nd Floor, G.T. Hospital Complex, L.T. Road, Mumbai – 400 001, Maharashtra, India
Tel. No.:	91-22-22610282/ 43512000
Fax No.:	91-22-22620553
E-Mail :	ashok@hmlindia.com nikunj.s@hmlindia.com corp@hmlindia.com admin@hmlindia.com regd@hmlindia.com regd@groupeveritas.com
Website :	http://www.hmlindia.com http://www.groupeveritas.com
Location :	Owned
Head Office :	Office No.4, 1^st Floor, Naitik Gandhidham Unas Association, Police Station Road, Gandhidham, Gujarat, India
Tel. No.:	91-283-6229548
Corporate Office :	701/712A, Embassy Centre, Nariman Point, Mumbai – 400 021, Maharashtra, India
Tel. No.:	91-22-22824444/ 33554444/ 40098900
Fax No.:	91-22-22824440/ 22041411
E-Mail :	corp@hmlindia.com
Marketing Office :	1410, Maker Chambers V, Nariman Point, Mumbai – 400 021, Maharashtra, India
Tel. No.:	91-22-22832170 (5 Lines)
Fax No.:	91-22-22821605
E-Mail :	mktg@hmlindia.com
Branch Office 1 :	SEZ Office: Shed No.250, sector III, KSEZ, Kandla, Gandhidham, Gujarat, India
E-Mail :	hazelmercantile@hotmail.com
Branch Office :	Also located at: v Delhi v Kolkata v Visakhapatnam

DIRECTORS

As on 28.09.2012

Name :

Mr. Nitin Kumar Deendayal Didwania

Designation :

Managing Director

Address :

172, Kshitij, 47, Napeansea Road, Mumbai – 400 036, Maharashtra, India

Date of Birth/Age :

23.06.1974

Qualification :

M.Com

Date of Appointment :

01.04.2012

PAN No.:

AACPD7055J

DIN No.:

00210289

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	U99999MH1994PTC082808	VERITAS PROPERTIES PRIVATE LIMITED	Director	11/11/1994	11/11/1994	-	Active	NO
2	U65990MH1994PLC082813	VERITAS INVESTMENTS LIMITED	Director	11/11/1994	11/11/1994	-	Active	NO
3	U65990MH1995PTC095594	REVIVE SECURITIES PRIVATE LIMITED	Director	12/02/1996	12/02/1996	-	Active	NO
4	U65900MH1996PLC099279	INDIA FINTRADE LIMITED	Director	21/05/1996	21/05/1996	-	Active	NO
5	U51900MH1995PLC093674	HAZEL MERCANTILE LIMITED	Managing director	01/04/2012	01/04/1997	-	Active	NO
6	U51900MH1996PTC104099	SANMAN TRADE IMPEX PRIVATE LIMITED	Director	12/04/1999	12/04/1999	-	Active	NO
7	U67120MH1996PTC097863	PRICELESS INVESTRADE PRIVATE LIMITED	Director	12/04/1999	12/04/1999	-	Active	NO
8	U65990MH1996PTC102669	TRIDENT FINTRADE PRIVATE LIMITED	Director	02/04/2001	02/04/2001	-	Active	NO
9	U51900MH1996PTC104063	EBEN TRADE IMPEX PRIVATE LIMITED	Director	01/08/2001	01/08/2001	-	Active	NO
10	U32303MH1990PTC055793	RHYTHM CREATORS PRIVATE LIMITED	Director	12/05/2003	12/05/2003	-	Active	NO
11	U51909MH2004PTC145098	PRAKRUTI IMPORT EXPORT PRIVATE LIMITED	Director	16/03/2004	16/03/2004	-	Active	NO
12	U51390MH2004PTC145298	EFFIN IMPORT EXPORT PRIVATE LIMITED	Director	24/03/2004	24/03/2004	-	Active	NO
13	U72900MH2004PLC146236	HAZEL INFOTECH LIMITED	Director	12/05/2004	12/05/2004	-	Active	NO
14	U51909MH2005PTC154481	ASPEN INTERNATIONAL PRIVATE LIMITED	Director	05/07/2005	05/07/2005	-	Active	NO
15	U70100MH2005PTC151379	AVID PROPERTIES PRIVATE LIMITED	Director	05/08/2005	05/08/2005	-	Active	NO
16	U70100MH2005PTC151367	GRACIOUS REAL ESTATES PRIVATE LIMITED	Director	05/08/2005	05/08/2005	-	Active	NO
17	U51420MH2005PTC156446	HAZEL METALS AND MINERALS PRIVATE LIMITED	Director	29/09/2005	29/09/2005	-	Active	NO
18	U51909MH2005PTC151378	CLAIRVOYANT TRADE IMPEX PRIVATE LIMITED	Director	28/10/2005	28/10/2005	-	Active	NO
19	U65990MH1996PTC103255	VERTEX FINTRADE PRIVATE LIMITED	Director	31/03/2006	31/03/2006	27/04/2007	Active	NO
20	U51909MH2006PTC161460	COUNTY TRADE IMPEX PRIVATE LIMITED	Director	28/04/2006	28/04/2006	-	Active	NO
21	U63090MH2006PTC161463	HAZEL LOGISTICS PRIVATE LIMITED	Director	28/04/2006	28/04/2006	-	Active	NO
22	U51909MH2006PTC161459	SHIMMER TRADE IMPEX PRIVATE LIMITED	Director	28/04/2006	28/04/2006	-	Active	NO
23	U51909MH2006PTC161464	MATIN EXIM PRIVATE LIMITED	Director	28/04/2006	28/04/2006	-	Active	NO
24	U70100MH2006PTC161465	SEARS REAL ESTATES PRIVATE LIMITED	Director	28/04/2006	28/04/2006	-	Active	NO
25	U70100MH2006PTC161461	UDESHYA PROPERTIES PRIVATE LIMITED	Director	28/04/2006	28/04/2006	04/01/2012	Active	NO
26	U23209MH2006PLC166626	BIOFUELS (VERITAS) LIMITED	Director	29/12/2006	29/12/2006	-	Active	NO
27	U45200MH2007PTC167839	VERITAS INFRASTRUCTURE DEVELOPMENT LIMITED	Director	13/02/2007	13/02/2007	-	Active	NO
28	U01403MH2007PTC168117	VERITAS AGRO VENTURES PRIVATE LIMITED	Director	24/02/2007	24/02/2007	-	Active	NO
29	L23209MH1985PLC035702	VERITAS (INDIA) LIMITED	Director	05/12/2007	05/12/2007	-	Active	NO
30	U67190MH1996PTC103717	ARISTO FINCAP PRIVATE LIMITED	Additional director	01/02/2008	01/02/2008	-	Active	NO
31	U51109MH2008PLC182189	GROUPE VERITAS LIMITED	Director	14/05/2008	14/05/2008	-	Active	NO
32	U45202MH2008PLC182355	HAZEL INFRA LIMITED	Director	17/05/2008	17/05/2008	-	Active	NO
33	U51909MH2005PTC151366	DIVA TRADE IMPEX PRIVATE LIMITED	Additional director	20/02/2010	20/02/2010	-	Active	NO
34	U52390MH2009PTC192131	ONTIME TRADE IMPEX PRIVATE LIMITED	Additional director	17/03/2010	17/03/2010	-	Active	NO
35	U51909WB2009PTC135084	TITLY BARTER PRIVATE LIMITED	Additional director	19/07/2010	19/07/2010	-	Active	NO
36	U51909MH2005PTC152105	ASTER IMPEX PRIVATE LIMITED	Additional director	23/07/2010	23/07/2010	-	Active	NO
37	U55101MH2007PTC170599	NERINE RESORT PRIVATE LIMITED	Director	11/09/2010	11/09/2010	-	Active	NO
38	U01403MH2010PTC209773	SAINATH AGRICULTURE PRIVATE LIMITED	Director	03/11/2010	03/11/2010	-	Active	NO
39	U01403MH2010PTC209989	BHUMIPUTRA AGRO PRIVATE LIMITED	Director	12/11/2010	12/11/2010	-	Active	NO
40	U70102MH2010PTC210721	KAMYAB PROPERTIES PRIVATE LIMITED	Director	07/12/2010	07/12/2010	-	Active	NO
41	U45202MH2010PTC210683	AAFREEN PROPERTIES PRIVATE LIMITED	Director	07/12/2010	07/12/2010	17/03/2012	Active	NO
42	U01403MH2010PTC210812	VISHWA AGRICULTURE PRIVATE LIMITED	Director	08/12/2010	08/12/2010	-	Active	NO
43	U01403MH2010PTC210809	ZAMEEN AGRO PRIVATE LIMITED	Director	08/12/2010	08/12/2010	-	Active	NO
44	U01403MH2010PTC210804	KUDRAT FARMING PRIVATE LIMITED	Director	08/12/2010	08/12/2010	-	Active	NO
45	U01403MH2010PTC211346	SHUBH LABH AGRICULTURE PRIVATE LIMITED	Director	24/12/2010	24/12/2010	-	Active	NO
46	U45202MH2011PTC211769	AFFLUENT PROPERTIES PRIVATE LIMITED	Director	03/01/2011	03/01/2011	-	Active	NO
47	U45400MH2011PTC211767	GLISTENING PROPERTIES PRIVATE LIMITED	Director	03/01/2011	03/01/2011	-	Active	NO
48	U01403MH2011PTC212396	VIDHATA FARMING PRIVATE LIMITED	Director	17/01/2011	17/01/2011	-	Active	NO
49	U01404MH2011PTC212659	BEST FARMING PRIVATE LIMITED	Director	22/01/2011	22/01/2011	-	Active	NO
50	U01403MH2011PTC212664	BHOOMI FARMING PRIVATE LIMITED	Director	24/01/2011	24/01/2011	-	Active	NO
51	U01403MH2011PTC212691	FASAL FARMING PRIVATE LIMITED	Director	25/01/2011	25/01/2011	-	Active	NO
52	U01122MH2011PTC212914	MOTHER NATURE AGRICOM PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
53	U01403MH2011PTC212913	KAMYAB FARMS PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
54	U01403MH2011PTC212909	GOLDEN ARROW AGRO PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
55	U01500MH2011PTC212872	DHARNIDHAR AGRICULTURE PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
56	U01500MH2011PTC212869	HARYALI FARMING PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
57	U51909MH2011PTC213132	TRITON INTERNATIONAL PRIVATE LIMITED	Director	07/02/2011	07/02/2011	04/01/2012	Active	NO
58	U01403MH2011PTC213150	GOLDCROP AGRO PRIVATE LIMITED	Director	07/02/2011	07/02/2011	-	Active	NO
59	U70109MH2011PTC213831	VERITAS HOUSING DEVELOPMENT PRIVATE LIMITED	Director	21/02/2011	21/02/2011	-	Active	NO
60	U01403MH2011PTC215010	DHARNI FARMING PRIVATE LIMITED	Director	19/03/2011	19/03/2011	-	Active	NO
61	U01403MH2011PTC215009	KRUSHI FARMING PRIVATE LIMITED	Director	19/03/2011	19/03/2011	-	Active	NO
62	U01403MH2011PTC216554	DHARA FARMING PRIVATE LIMITED	Director	21/04/2011	21/04/2011	-	Active	NO
63	U70102MH2011PTC219072	VERITAS HABITATS PRIVATE LIMITED	Director	24/06/2011	24/06/2011	-	Active	NO
64	U65900MH2011PTC224947	SANCHAY INVESTMENTS PRIVATE LIMITED	Director	14/12/2011	14/12/2011	-	Active	NO
65	AAB-0996	VENTURE TRADE IMPEX LLP	Body corporate as Designated Partner	03/09/2012	03/09/2012	-	Active	NO

Name :

Mrs. Sushmadevi Deendayal Didwania

Designation :

Director

Address :

172, Kshitij, 47, Napeansea Road, Mumbai – 400 036, Maharashtra, India

Date of Birth/Age :

30.09.1955

Qualification :

B.Com

Date of Appointment :

01.04.1997

DIN No.:

00210240

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	U99999MH1994PTC082808	VERITAS PROPERTIES PRIVATE LIMITED	Director	11/11/1994	11/11/1994	-	Active	NO
2	U65990MH1994PLC082813	VERITAS INVESTMENTS LIMITED	Director	11/11/1994	11/11/1994	-	Active	NO
3	U65990MH1995PTC095594	REVIVE SECURITIES PRIVATE LIMITED	Director	12/02/1996	12/02/1996	-	Active	NO
4	U51900MH1995PLC093674	HAZEL MERCANTILE LIMITED	Director	01/04/1997	01/04/1997	-	Active	NO
5	U65900MH1996PLC099279	INDIA FINTRADE LIMITED	Director	15/12/1997	15/12/1997	-	Active	NO
6	U51900MH1996PTC104099	SANMAN TRADE IMPEX PRIVATE LIMITED	Director	12/04/1999	12/04/1999	-	Active	NO
7	U67120MH1996PTC097863	PRICELESS INVESTRADE PRIVATE LIMITED	Director	12/04/1999	12/04/1999	-	Active	NO
8	U65990MH1996PTC102669	TRIDENT FINTRADE PRIVATE LIMITED	Director	02/04/2001	02/04/2001	-	Active	NO
9	U51900MH1996PTC104063	EBEN TRADE IMPEX PRIVATE LIMITED	Director	01/08/2001	01/08/2001	-	Active	NO
10	U32303MH1990PTC055793	RHYTHM CREATORS PRIVATE LIMITED	Director	12/05/2003	12/05/2003	-	Active	NO
11	U51909MH2005PTC151378	CLAIRVOYANT TRADE IMPEX PRIVATE LIMITED	Director	28/10/2005	28/10/2005	-	Active	NO
12	U51909MH2006PTC161460	COUNTY TRADE IMPEX PRIVATE LIMITED	Director	28/04/2006	28/04/2006	-	Active	NO
13	U63090MH2006PTC161463	HAZEL LOGISTICS PRIVATE LIMITED	Director	28/04/2006	28/04/2006	-	Active	NO
14	U51909MH2006PTC161459	SHIMMER TRADE IMPEX PRIVATE LIMITED	Director	28/04/2006	28/04/2006	-	Active	NO
15	U51909MH2006PTC161464	MATIN EXIM PRIVATE LIMITED	Director	28/04/2006	28/04/2006	-	Active	NO
16	U70100MH2006PTC161465	SEARS REAL ESTATES PRIVATE LIMITED	Director	28/04/2006	28/04/2006	-	Active	NO
17	U01403MH2007PTC168117	VERITAS AGRO VENTURES PRIVATE LIMITED	Director	24/02/2007	24/02/2007	-	Active	NO
18	U45202MH2011PTC211769	AFFLUENT PROPERTIES PRIVATE LIMITED	Director	03/01/2011	03/01/2011	-	Active	NO
19	U45400MH2011PTC211767	GLISTENING PROPERTIES PRIVATE LIMITED	Director	03/01/2011	03/01/2011	-	Active	NO

Name :

Mr. Saurabh Dipak Sanghvi

Designation :

Director

Address :

66, Kamal Building, 69, Walkeshwar Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

05.08.1974

Date of Appointment :

28.09.2012

DIN No.:

02000411

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	L23209MH1985PLC035702	VERITAS (INDIA) LIMITED	Whole-time director	18/01/2012	05/12/2007	-	Active	NO
2	U51909MH2005PTC154481	ASPEN INTERNATIONAL PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
3	U51909MH2011PTC213132	TRITON INTERNATIONAL PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	03/12/2011	Active	NO
4	U65900MH1996PLC099279	INDIA FINTRADE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
5	U70109MH2011PTC213831	VERITAS HOUSING DEVELOPMENT PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
6	U65990MH1995PTC095594	REVIVE SECURITIES PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
7	U70100MH2005PTC151379	AVID PROPERTIES PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
8	U65920MH1996PTC102312	AKSHATA FINTRADE PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
9	U67120MH1996PTC097863	PRICELESS INVESTRADE PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
10	U51909WB2009PTC135084	TITLY BARTER PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
11	U65990MH1994PLC082813	VERITAS INVESTMENTS LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
12	U45200MH2007PTC167839	VERITAS INFRASTRUCTURE DEVELOPMENT LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
13	U01403MH2007PTC168117	VERITAS AGRO VENTURES PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
14	U51909MH2004PTC145098	PRAKRUTI IMPORT EXPORT PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
15	U24110MH1994PTC076617	NEOLITE POLYMER INDUSTRIES P.LTD.	Additional director	02/12/2011	02/12/2011	-	Active	NO
16	U45202MH2008PLC182355	HAZEL INFRA LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
17	U51109MH2008PLC182189	GROUPE VERITAS LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
18	U70100MH2005PTC151367	GRACIOUS REAL ESTATES PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
19	U51390MH2004PTC145298	EFFIN IMPORT EXPORT PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
20	U23209MH2006PLC166626	BIOFUELS (VERITAS) LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
21	U51900MH1996PTC104099	SANMAN TRADE IMPEX PRIVATE LIMITED	Director	28/09/2012	02/12/2011	-	Active	NO
22	U51900MH1995PLC093674	HAZEL MERCANTILE LIMITED	Director	28/09/2012	02/12/2011	-	Active	NO
23	AAB-0996	VENTURE TRADE IMPEX LLP	Body corporate as Designated Partner	03/09/2012	03/09/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ashok Thakurdas Khemchandani
Designation :	Secretary
Address :	F-124, Anjali Apartments, Vaswani Marg, Seven Bungalows, Andheri (West), Mumbai – 400 061, Maharashtra, India
Date of Birth/Age :	18.08.1956
Date of Appointment :	05.01.2005
PAN No.:	AFUPK6931R
Name :	Mr. Nikunj
Designation :	Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2012

Names of Shareholders	No. of Shares
Nitin Kumar Deendayal Didwania	29996300
Sushmadevi Deendayal Didwania	900
Vishal Veersingh Sukhani	2000
Ajay Jain	200
Yash Gala	200
Saurabh Sanghvi	200
Sanjay Busa	200
Total	30000000

As on 28.09.2012

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	99.99
Other top fifty shareholders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of Imports, Exports, Trading and Distribution of Chemicals, Metals, Sheets, Paper, Pharmaceutical Products, Paper Products, Natural Rubber, Chemicals, Computer Software Development and Electricity Generation etc.
Products/ Services :	· Paints and Coatings · Paper and Packaging · Textile · Surfactants and Detergents · Pharmaceutical · Photography and Imaging · Tyres · Pipes · Polymer · Metals · Electricity Generation
Exports :
Products :	Chemicals, Polymers, Metals, Natural Rubber, Paper, etc.
Countries :	· China · Korea · Europe · Singapore · Gulf Country
Imports :
Products :	Chemicals, Polymers, Metals, Natural Rubber, Paper, etc.
Countries :	· Dubai · Singapore · Taiwan · USA · France · Korea
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

End Users

No. of Employees :

400 (Approximately)

Bankers :

· Punjab National Bank (Lead Bank), Foreshore Road Branch, Raheja Chambers, Nariman Point, Mumbai - 400 021, Maharashtra, India

· State Bank of India, Commercial Branch, N.G.N. Vaidya Marg, Bank Street, Horniman Circle, Fort, Post Box-10141, Mumbai – 400 001, Maharashtra, India

· IDBI Bank Limited, Cuff Parade, Mumbai – 400 005, Maharashtra, India

· Union Bank of India, Mumbai, Maharashtra, India

Facilities :

Secured Loans	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
LONG-TERM BORROWINGS
Loans repayable on demand from banks	26.098	32.141
SHORT-TERM BORROWINGS
Loans repayable on demand from banks	660.699	665.420
Total	686.797	697.561

Banking Relations :	--
Auditors :
Name :	Shabbir S. Bagasrawala Chartered Accountants
Address :	Office No.8, 1^st Floor, Narayan Niwas, 63, Aarey Road, Goregaon (West), Mumbai – 400 062, Maharashtra, India
Tel. No.:	91-22-28739939
Income-tax PAN of auditor or auditor's firm :	AACFS5834Q
Subsidiary Companies :	· Hazel Middle East FZE – Dubai · HML Europe BV – Netherlands · HML PTE Limited – Singapore
Enterprise over which Key Managerial Personnel are able to exercise significant influence :	· Veritas Investment Limited · Veritas Properties Limited

CAPITAL STRUCTURE

As on 28.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
50000000	Equity Shares	Rs.10/- each	Rs.500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
30000000	Equity Shares	Rs.10/- each	Rs.300.000 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	300.000	150.000
(b) Reserves & Surplus	2446.064	2006.450
(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)	2746.064	2156.450
(3) Non-Current Liabilities
(a) Long-term borrowings	26.098	32.141
(b) Deferred tax liabilities (Net)	44.258	47.444
(c) Other long term liabilities	0.000	0.000
(d) Long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	70.356	79.585
(4) Current Liabilities
(a) Short term borrowings	661.699	673.240
(b) Trade payables	5421.250	4420.559
(c) Other current liabilities	271.877	93.027
(d) Short-term provisions	0.000	0.000
Total Current Liabilities (4)	6354.826	5186.826
TOTAL	9171.246	7422.861
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	173.011	161.429
(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	205.803	67.761
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	140.291	133.190
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	519.105	362.380
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	2173.670	1806.243
(c) Trade receivables	5591.702	4308.419
(d) Cash and cash equivalents	427.161	553.798
(e) Short-term loans and advances	459.608	391.455
(f) Other current assets	0.000	0.566
Total Current Assets	8652.141	7060.481
TOTAL	9171.246	7422.861

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		150.000
2] Share Application Money		0.000
3] Reserves & Surplus		1523.369
4] (Accumulated Losses)		0.000
NETWORTH		1673.369
LOAN FUNDS
1] Secured Loans		498.846
2] Unsecured Loans		6.764
TOTAL BORROWING		505.610
DEFERRED TAX LIABILITIES		47.751
TOTAL		2226.730
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		171.780
Capital work-in-progress		0.000
INVESTMENT		68.704
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1567.129
	Sundry Debtors	3273.387
	Cash & Bank Balances	252.585
	Other Current Assets	0.000
	Deposits, Loans & Advances	456.421
Total Current Assets		5549.522
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3531.109
	Other Current Liabilities	0.000
	Provisions	32.970
Total Current Liabilities		3564.079
Net Current Assets		1985.443
MISCELLANEOUS EXPENSES		0.803
TOTAL		2226.730

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Revenue from operations	20639.763	16684.970	13471.085
		Other Income	166.792	50.069	42.767
		TOTAL (A)	20806.555	16735.039	13513.852
Less	EXPENSES
		Purchases of stock-in-trade	19812.657	15839.361	12949.484
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(367.426)	(239.115)
		Employee benefit expense	34.055	28.476
		Other expenses	519.281	452.766
		TOTAL (B)	19998.567	16081.488	12949.484
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		807.988	653.551	564.368
Less	FINANCIAL CHARGES (D)		141.771	126.637	144.933
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		666.217	526.914	419.435
Less/ Add	DEPRECIATION/ AMORTISATION (F)		13.385	12.587	10.867
	PROFIT BEFORE TAX (E-F) (G)		652.832	514.327	408.568
Less	TAX (H)		51.014	20.751	24.155
	PROFIT AFTER TAX (G-H) (I)		601.818	493.576	384.413
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1806.449	1373.368	1047.730
Less	APPROPRIATIONS
		Transfer to General Reserve	50.000	50.000	50.000
		Proposed Dividend	10.500	9.000	7.500
		Dividend Tax	1.704	1.495	1.275
	BALANCE CARRIED TO THE B/S		2346.063	1806.449	1373.368
	EARNINGS IN FOREIGN CURRENCY
		FOB Value of Exports	4343.607	3486.236	3249.541
		Freight , Insurance & Commission	22.273	9.844	4.414
	TOTAL EARNINGS		4365.880	3496.080	3253.955
	IMPORTS
		Traded Goods	14853.747	8341.418	7148.731
	TOTAL IMPORTS		14853.747	8341.418	7148.731
	Earnings Per Share (Rs.)		20.06	16.45	25.63

Particulars	31.03.2013
Sales Turnover (Approximately)	24000.000

Expected Sales (2013-2014): Rs.26000.000 millions

The above information has been parted by Mr. Nikunj (Finance Manager).

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	2.89	2.95	2.84
Net Profit Margin (PBT/Sales)	(%)	3.16	3.08	3.03
Return on Total Assets (PBT/Total Assets}	(%)	7.28	6.99	7.14
Return on Investment (ROI) (PBT/Networth)		0.24	0.24	0.24
Debt Equity Ratio (Total Debt/Networth)		0.25	0.33	0.30
Current Ratio (Current Asset/Current Liability)		1.36	1.36	1.56

LOCAL AGENCY FURTHER INFORMATION

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 four years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	Yes
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)	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	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	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
SHORT-TERM BORROWINGS
Loans and advances from directors	1.000	7.820
Total	1.000	7.820

CORPORATE INFORMATION:

The Company is in the business of Imports, Exports, Trading and Distribution of Chemicals, Metals, Sheets, Paper, Pharmaceutical products, Paper products, Natural Rubber, Chemicals, Computer Software Development and Electricity Generation etc.

PERFORMANCE

During the year, the Company has achieved consolidated turnover of Rs.35793.400 millions as compared to Rs.26107.000 millions during the previous year resulting in revenue growth of 37.10%. On standalone basis the Company has achieved turnover of Rs.20639.800 millions as compared to Rs.16685.000 millions during the previous year garnering a resulting growth in revenue of 23.70% and consolidated Profit after Tax is Rs.1150.300 millions as compared to Rs.898.100 millions during the previous year resulting in growth of 28.08%, On standalone basis Profit after tax is Rs.601.800 millions as compared to Rs.493.600 millions during the previous year resulting in growth of 21.92%.

PERFOMANCE OF OVERSEAS SUBSIDAIRIES

The Company’s subsidiaries Hazel Middle East FZE, HML Europe BV and Hazel PTE Limited are currently dealing in Chemicals, Petrochemicals, Paper and Paper Products and Polymers. With due regard to the sharp business acumen of the management the overseas subsidiaries have done exceedingly well within a short span of time and have achieved the turnover of Rs.14853.300 millions and the Net Profit of Rs.490.700 millions on which by itself is a firm indicator of the Company’s belief and a continuous commitment towards growth in global business.

The Company is in the process of forming a Wholly Owned Subsidiary (WOS) in China and the said subsidiary will engage in the business of import and export of chemicals to cater to the growing Chinese market.

The International Trading has shown signs of revival. The revenue from the export business has increased to Rs.18733.700 millions as compared to Rs.12794.800 millions during the previous year, an increase of 46.42%. The Company has also established offices / representative offices in Amsterdam [Netherlands], London [United Kingdom], Shanghai [China], Tehran [Iran], and Accra [Ghana], which will give further impetus to the growth momentum to the Company’s business.

WIND MILL DIVISION

Augmentation of Renewable Energy Resources occupies the centre space in the Company’s long term investment and business planning. The Company’s contribution to develop in-exhaustible sources of clean energy will definitely contribute towards global battle against climate change.

The Company has already in operation 2 nos. of 1250 KW and 2 nos. of 600KW wind energy generation plants. This division has generated 6719769 units of wind energy as against 6785270 units generated during the previous year.

BUSINESS SCENARIO AND FUTURE PROSPECTS

TRADE AND DISTRIBUTION

As a prominent distributor and trade facilitator, the Company inspires faith by delivering excellence at all times to the end user, with regard to catering of specific or special needs of the end user while creating growth opportunities for ‘their associates’ which includes partners, suppliers, principals, customers and the society.

With a pan-Indian presence and global footprint, the Company offers its associates an unparalleled distribution platform for dynamic markets and products. The Company identifies opportunities by synchronizing trade and distribution services while harnessing nascent markets. With more than a decade of experience in international trade, the Company has added value throughout the supply and demand chain, often incorporating barter trade to optimize returns. By investing in quality over quantity they deliver the best in products or services to the masses.

Their trading and distribution network creates value in the various Industries viz: Chemicals and Petrochemicals, Polymers, Electricity Generation, Paper and Board, Rubber and Metals and Software Development.

THE HML ADVANTAGE

The reason the Company is the most preferred one is because of the uniqueness versatility and innovation, which offers the customers / suppliers /principals (associates) advantages as under;

They offer a competitive advantage through integrated value-added services and business opportunities. They get the added advantage of Unparalleled Infrastructure for warehousing, distribution and delivery for Liquid as well as dry bulk cargo, globally as well as-pan India. Customer Relationship Executive (CRE) dedicated exclusively to their business, acting as a one-point contact for all their needs / requirements. Global Presence and Networks with ready offtake for products across Continents. Barter opportunities, along with unbeatable economies of scale.

Industry Sector Expertise to identify unique opportunities and provide the entire range of products and services. Flexible globally integrated software systems to monitor efficient and effective execution. Strong Financial Resources to facilitate structured trade, globally.

For the Company, no number is too small or any volume too large. They organize distribution suitable to the needs / requirements of the end users. The Company has constantly been participating in business ventures with Private / Public sector undertakings and bagging global Tenders on continuous basis which reflects strong faith of multinationals in the Company and projects global image of their illustrious country India in overseas markets. They have been successful in offering the best products, often servicing the largest corporations, domestically as well as globally at the same time well recognizing their corporate social responsibility and contribution in reduction of the carbon foot print.

CONTINGENT LIABILITIES:

Contingent liabilities in respect of outstanding corporate guarantees given to bank on behalf of subsidiaries are as under:

Particulars	31.03.2012 (Rs. in millions)	31.03.2011 (Rs. in millions)
Guarantees given to banks on behalf of the Subsidiary Company	3124.300	1810.000
Total	3124.300	1810.000

Bankers Charges Report as per Registry

Corporate identity number of the company	U51900MH1995PLC093674
Name of the company	HAZEL MERCANTILE LIMITED
Address of the registered office or of the principal place of business in India of the company	181, Ashoka Shopping Centre, 2^nd Floor, G.T. Hospital Complex, L.T. Road, Mumbai – 400 001, Maharashtra, India E-Mail: admin@hmlindia.com
This form is for	Creation of charge
Type of charge	Book Debts Movable Property (not being pledge) Others (Stocks and Other Fixed Assets)
Particular of charge holder	Punjab National Bank (Lead Bank), Foreshore Road Branch, Raheja Chambers, Nariman Point, Mumbai - 400 021, Maharashtra, India E-Mail: jpscs2007@gmail.com
Nature of description of the instrument creating or modifying the charge	Deed of Hypothecation to secure LC on DA basis dated 12.03.2012 (AD HOC) (Non Fund Based)
Date of instrument Creating the charge	12.03.2013
Amount secured by the charge	Rs.800.000 millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Rate of Interest: As per sanction letter Terms of Repayment: As per sanction letter Margin: As per sanction letter Extent and Operation of the charge: Rs.800.000 millions and operation of charge pari-passu on entire book debts, stocks and other fixed assets.
Short particulars of the property charged	Charge pari-passu on entire book debts, stocks and other fixed assets.

FIXED ASSETS

· Land and Building

· Plant and Machinery

· Vehicles

· Office Equipment

· 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.59.73
UK Pound	1	Rs.91.82
Euro	1	Rs.78.23

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	8
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--CREDIT LINES	1~10	6
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		59

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.