MIRA INFORM REPORT

Report Date :

29.06.2013

IDENTIFICATION DETAILS

Name :	SIMTRAD OVERSEAS PRIVATE LIMITED
Registered Office :	78, Janki Nagar, NX, Indore – 452001, Madhya Pradesh
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	28.09.2005
Com. Reg. No.:	10-205801
Capital Investment / Paid-up Capital :	Rs.11.000 Millions
CIN No.: [Company Identification No.]	U51109MH2005PTC205801
Legal Form :	Private Limited Liability Company
Line of Business :	Trader, Exporter and Importer of Polymers Trading, Dry Fruit and Yarn Cottage.
No. of Employees :	12 (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 245000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. The management has failed to file its financial for the year 2010-11, 2011-12 with the government department. As per the financial of 2010 the company performance seems to be good. 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 some 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. Pankaj
Designation :	Director
Contact No.:	91-9977500630
Date :	28.06.2013

LOCATIONS

Registered Office :	78, Janki Nagar, NX, Indore – 452001, Madhya Pradesh, India
Tel. No.:	91-731-2490072
Mobile No.:	91-9977500630
Fax No.:	Not Available
E-Mail :	archna@pdindia.com info@simtradoverseas.com sales@simtradoverseas.com simtradoverseas09@gmail.com
Website :	http://simtradoverseas.com
Head Office :	501, Alankar Point, Geeta Bhavan Square, Indore - 452001, Madhya Pradesh, India

DIRECTORS

As on: 30.09.2010

Name :

Mr. Abhay Gupta

Designation :

Director

Address :

11, Janki Nagar, NX, Indore – 452001, Madhya Pradesh, India

Date of Birth/Age :

16.10.1983

Date of Appointment :

20.02.2008

DIN No.:

00113060

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	U99999MH1995PTC120409	DIAMOND CRYSTAL PRIVATE LIMITED	Director	20/08/2003	20/08/2003	-	Active	NO
2	U27101MH2005PLC167205	ACCUMAX STEELS LIMITED	Director	18/03/2005	18/03/2005	30/03/2007	Active	YES
3	U45309MP2004PTC016357	VINO INFRATECH PRIVATE LIMITED	Director	30/09/2006	30/09/2006	-	Active	NO
4	U85199MH2001PTC130534	EARAWAT STEELS PRIVATE LIMITED	Director	01/10/2006	01/10/2006	-	Active	NO
5	U13209MH2006PTC166297	CHIRON METCO PRIVATE LIMITED	Director	18/12/2006	18/12/2006	-	Active	NO
6	U67120MH2005PTC158393	MAHAGANPATI INVESTMENT PRIVATE LIMITED	Director	08/03/2007	08/03/2007	-	Active	NO
7	U45200MP2007PTC019355	AGT MERCANTILE PRIVATE LIMITED	Director	16/03/2007	16/03/2007	-	Active	NO
8	U73100MP2003PTC015817	UJJAI ESTATES PRIVATE LIMITED	Director	25/08/2007	25/08/2007	30/03/2012	Strike off	NO
9	U35300MP2007PTC019821	FASTRACK AVIATION PRIVATE LIMITED	Director	14/09/2007	14/09/2007	-	Active	NO
10	U51109MP2005PTC026523	SIMTRAD OVERSEAS PRIVATE LIMITED	Director	20/02/2008	20/02/2008	-	Active	NO
11	U80221MH2004PTC192692	BRAINSMITHS EDUCATION PRIVATE LIMITED	Director	30/09/2008	14/09/2008	05/06/2011	Active	NO
12	U25200MP2003PTC015694	DIVYA JYOTIJEEVAN PLASTIC PRIVATE LIMITED	Director	31/10/2008	31/10/2008	26/02/2010	Active	NO
13	U51909MH2007PTC168375	KANAK FAIRDEAL (INDIA) PRIVATE LIMITED	Director	26/04/2011	26/04/2011	-	Active	NO
14	U24120MP2011PTC026104	VIRAT TRADECORP PRIVATE LIMITED	Director	01/06/2011	01/06/2011	-	Active	NO
15	U24120MP2011PTC026110	VIRAT FERTILIZER PRIVATE LIMITED	Director	02/06/2011	02/06/2011	-	Active	NO
16	U51900MP2011PTC026530	SIMTRAD TRADELINK PRIVATE LIMITED	Director	05/08/2011	05/08/2011	-	Active	NO
17	U51900MP2013PTC030878	PUZO IMPEX PRIVATE LIMITED	Director	04/06/2013	04/06/2013	-	Active	NO
18	AAA-0110	AVG TRADELINK LLP	Designated Partner	11/08/2009	11/08/2009	-	Active	NO

Name :

Mr. Pankaj Kumar Patodi

Designation :

Director

Address :

3/9, Parsi Mohalla, Chhawani, Indore – 452001, Madhya Pradesh, India

Date of Birth/Age :

06.03.1983

Date of Appointment :

14.03.2013

DIN No.:

05232730

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	U24120MP2011PTC026110	VIRAT FERTILIZER PRIVATE LIMITED	Director	01/03/2012	01/03/2012	-	Active	NO
2	U24120MP2011PTC026104	VIRAT TRADECORP PRIVATE LIMITED	Director	01/03/2012	01/03/2012	-	Active	NO
3	U51109MP2005PTC026523	SIMTRAD OVERSEAS PRIVATE LIMITED	Director	14/03/2013	14/03/2013	-	Active	NO
4	U51900MP2013PTC030878	PUZO IMPEX PRIVATE LIMITED	Director	04/06/2013	04/06/2013	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2010

Names of Shareholders	No. of Shares
Vinod Kumar Gupta	75000
Abhay Gupta	89900

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2010

Category	Percentage
Bodies corporate	79.09
Directors or relatives of directors	20.91
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader, Exporter and Importer of Polymers Trading, Dry Fruit and Yarn Cottage.
Exports :
Products :	Polymers Trading Dry Fruit Yarn Cottage
Countries :	Pakistan
Imports :
Products :	Polymers Trading Dry Fruit Yarn Cottage
Countries :	Dubai Thailand
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Suppliers :	Haldia Petrochemical
Customers :	End Users
No. of Employees :	12 (Approximately)
Bankers :	Bank of Baroda, Indore, Madhya Pradesh, India Tel. No.: 91-731-2369247 Axis Bank Limited

Banking Relations :	--
Auditors :
Name :	N.K. Dafria and Company Chartered Accountants
Address :	218-B, Bansi Trade Centre, 581, M.G. Road, Indore – 452003, Madhya Pradesh, India
PAN No.:	AAXPD5103G
Entities owned or significantly influenced by Key management Personnel :	Anita Export Private Limited Parenteral Drugs (India) Limited AGT Mercantile Private Limited Chiron Metco Private Limited Punjab Formulation Limited Brainsmiths Education Private Limited Tatva Construction Private Limited
Holding Company :	Fastrack Aviation Private Limited CIN No.: U35300MP2007PTC019821

CAPITAL STRUCTURE

As on: 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
1210000	Equity Shares	Rs.10/- each	Rs.12.100 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1100018	Equity Shares	Rs.10/- each	Rs.11.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		11.000	10.000	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		50.488	0.000	0.000
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		61.488	10.000	0.100
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		70.030	3.660	0.000
TOTAL BORROWING		70.030	3.660	0.000
DEFERRED TAX LIABILITIES		0.012	0.000	0.000
TOTAL		131.530	13.660	0.100
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		13.544	12.609	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.700	0.700	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	48.380	0.000	0.000
	Sundry Debtors	47.086	0.000	0.000
	Cash & Bank Balances	4.356	0.333	0.088
	Other Current Assets	8.932	0.000	0.000
	Loans & Advances	14.150	1.000	0.000
Total Current Assets		122.904	1.333	0.088
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1.848	0.000	0.000
	Other Current Liabilities	3.593	1.181	0.000
	Provisions	0.344	0.000	0.000
Total Current Liabilities		5.785	1.181	0.000
Net Current Assets		117.119	0.152	0.088
MISCELLANEOUS EXPENSES		0.167	0.199	0.012
TOTAL		131.530	13.660	0.100

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	121.236
		Other Income	0.127
		TOTAL (A)	121.363	0.000	NA
Less	EXPENSES
		Direct Expenses	164.473
		Office and Administrative Expenses	2.497
		Selling and Distribution Expenses	1.154
		Preliminary and Pre Operating exp. written of	0.042
		Increase (Decrease) in Stock	(48.380)
		TOTAL (B)	119.786	0.000	NA
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1.577	0.000
Less	FINANCIAL EXPENSES (D)		0.668	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.909	0.000
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.024	0.000
	PROFIT BEFORE TAX (E-F) (G)		0.885	0.000
Less	TAX (H)		0.306	0.000
	PROFIT AFTER TAX (G-H) (I)		0.579	0.000
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.000	0.000
	BALANCE CARRIED TO THE B/S		0.579	0.000
	TOTAL IMPORTS		105.226	NA	NA
	Earnings Per Share (Rs.)		0.53	0.00	NA

Particulars	31.03.2013	31.03.2012	31.03.2011
Sales Turnover (Approximately)	400.000	298.444	40.798

Expected Sales (2013-2014): Rs.450.000 Millions

The above information has been parted by Mr. Pankaj

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	0.48	0.00	NA
Net Profit Margin (PBT/Sales)	(%)	0.01	0.00	NA
Return on Total Assets (PBT/Total Assets}	(%)	0.65	0.00	NA
Return on Investment (ROI) (PBT/Networth)		0.01	0.00	NA
Debt Equity Ratio (Total Debt/Networth)		1.14	0.37	0.00
Current Ratio (Current Asset/Current Liability)		21.25	1.13	0.00

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 five years	Yes
12]	Profitability for last two 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	Yes
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

Note:

The Registered Office of the company has been shifted from 35, Mansoor Building, 98, Princess Street, Mumbai – 400002, Maharashtra, India to the present address w.e.f. 29.07.2011

UNSECURED LOAN

(Rs. In Millions)

Particular	As on 31.03.2010	As on 31.03.2009
Loan from Directors and Shareholders	2.360	2.360
Loan from Body Corporates	67.670	1.300
Total	70.030	3.660

TRADE REFERENCE

• Haldia Petrochemical

FIXED ASSETS

• Land
• Building
• Machinery
• Camera
• Furniture and Fixture
• EPABX

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.59.70
UK Pound	1	Rs.91.14
Euro	1	Rs.77.98

INFORMATION DETAILS

Information Gathered by :	PLV
Report Prepared by :	VRN

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	YES
--AFFILIATION	YES/NO	YES
--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.