MIRA INFORM REPORT

Report Date :

14.05.2013

IDENTIFICATION DETAILS

Name :	UNIVERSAL PROCESS ENGINEERS PRIVATE LIMITED
Registered Office :	Plot No. A28 / 1 /10, I.D.A, Nacharam, Hyderabad – 500076, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	22.03.2007
Com. Reg. No.:	01-053228
Capital Investment / Paid-up Capital :	Rs. 6.356 Millions
CIN No.: [Company Identification No.]	U24110AP2007PTC053228
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Process Equipment, Starch, Glucose, Plants and Machinery.
No. of Employees :	28 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (30)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 31500
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a successor of proprietary concern started in the year 1989 with the name “Universal Process Engineers” and later in the year 2007 it got converted into private limited company. It is having a moderate track record. The Profit and loss statement for the year 2012 is not available. Mr. Habeeb, Director has provided all information but the financials are not verified. However, trade relations are reported to be fair. Business is active. Payments are slow but correct. 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
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. Habeeb
Designation :	Director
Contact No.:	91-9849052100
Date :	07.05.2013

LOCATIONS

Registered Office / Factory :	Plot No. A28 / 1 /10, I.D.A, Nacharam, Hyderabad – 500076, Andhra Pradesh, India
Tel. No.:	91-40-27172573
Mobile No.:	91-9849052100 (Mr. Habeeb)
Fax No.:	91-40-27179701
E-Mail :	upe040@yahoo.com svkreddy@seshaprasad.com somaiah@seshaprasad.com info@a2zstarch.com info@sesharprasad.com
Website :	http://www.a2zstarch.com http://www.indianyellowpages.com http://www.universalprocessengineers.com http://www.universalprocess.in
Location :	Owned

DIRECTORS

As on: 29.09.2012

Name :

Mr. Syed Ismail

Designation :

Managing Director

Address :

Plot No. 31, Sanchar Puri Colony, Phase II, New Bownpally, Hyderabad – 500011, Andhra Pradesh, India

Date of Birth/Age :

11.07.1950

Qualification :

Mech. Eng.

Date of Appointment :

01.08.2007

DIN No :

00732072

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	U24110AP2007PTC053228	UNIVERSAL PROCESS ENGINEERS PRIVATE LIMITED	Managing director	01-08-07	22-03-07	-	Active	NO
2	U15122AP2011PTC074190	TAJIS AGROTECH PRIVATE LIMITED	Managing director	30-04-11	30-04-11	-	Active	NO

Name :

Mr. Syed Osman

Designation :

Director

Address :

Plot No. 31, Sanchar Puri Colony, Phase II, New Bowenpally, Hyderabad – 500011, Andhra Pradesh, India

Date of Birth/Age :

03.04.1975

Qualification :

BE. Mech

Date of Appointment :

22.03.2007

DIN No :

00732139

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	U24110AP2007PTC053228	UNIVERSAL PROCESS ENGINEERS PRIVATE LIMITED	Director	22-03-07	22-03-07	-	Active	NO
2	U15122AP2011PTC074190	TAJIS AGROTECH PRIVATE LIMITED	Director	30-04-11	30-04-11	-	Active	NO

Name :

Mr. Syed Habeeb

Designation :

Director

Address :

Plot No. 31, Sanchar Puri Colony, Phase II, New Bowenpally, Hyderabad – 500011, Andhra Pradesh, India

Date of Birth/Age :

01.08.1976

Qualification :

BE. Chemical

Date of Appointment :

22.03.2007

DIN No :

00732206

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	U24110AP2007PTC053228	UNIVERSAL PROCESS ENGINEERS PRIVATE LIMITED	Director	22-03-07	22-03-07	-	Active	NO
2	U15122AP2011PTC074190	TAJIS AGROTECH PRIVATE LIMITED	Director	30-04-11	30-04-11	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 29.09.2012

Names of Shareholders	No. of Shares
Syed Ismail	631560
Syed Habeeb	2000
Syed Osman	2000
Total	635560

Equity Share Break up (Percentage of Total Equity)

As on : 29.09.2012

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Process Equipment, Starch, Glucose, Plants and Machinery.
Products :	· Germs Separator · Germ Washing · De-Watering Screen · Starch Washing System · Coarse Grinder I and Ii · Fine Grinder Double Rotating · Fine Grinder (Stone) · Fibre Washing System · Rotary Strainer · Sifter · Germ Dryer · Converter (Glucose Syrup 42 De) · Double Effect Evaporator · Starch Dryer · Ion Exchange · Jet Cooker
Exports :
Products :	· Process Equipments · Starch · Glucose · Plants and machinery
Countries :	· Asian · African Countries
Terms :
Selling :	Cash and Credit (30 Days)
Purchasing :	Cash and Credit (30 Days)

GENERAL INFORMATION

Customers :

Wholesalers and Retailers

No. of Employees :

28 (Approximately)

Bankers :

State Bank of India, Nacharam Branch, I D A, Hyderabad - 501507, Andhra Pradesh, India

Facilities :

(Rs in Millions)

SECURED LOAN	31.03.2012	31.03.2011
Term Loan
From Banks	0.322	0.000
Vehicle Loans (Vehicle Loans is first charged against the vehicles and second charge against all other assets of the company both ranking pari passu with vehicle and other term lenders of the company)	0.000	0.471
Total	0.322	0.471

Auditors :
Name :	SPC and Associates Chartered Accountants
Address :	#252A, Second Floor, Lotus Pond Road, MLA Colony, Road, No.12, Banjarahills, Hyderabad – 500034, Andhra Pradesh, India
Pan No.:	AALFS8411L

CAPITAL STRUCTURE

As on: 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs. 10/- each	Rs. 10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
635560	Equity Shares	Rs. 10/- each	Rs. 6.356 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		6.356	6.356	6.356
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1.543	0.936	0.719
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		7.899	7.292	7.075
LOAN FUNDS
1] Secured Loans		0.322	0.471	0.489
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.322	0.471	0.489
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		8.221	7.763	7.564
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		4.161	4.838	4.174
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.145	0.112	0.124
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	12.134	12.183	5.169
	Sundry Debtors	7.773	2.254	4.054
	Cash & Bank Balances	2.007	1.320	0.372
	Other Current Assets	1.792	0.484	0.766
	Loans & Advances	0.034	0.858	1.018
Total Current Assets		23.740	17.099	11.379
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	11.212	4.836	5.823
	Other Current Liabilities	8.235	9.361	2.027
	Provisions	0.378	0.089	0.263
Total Current Liabilities		19.825	14.286	8.113
Net Current Assets		3.915	2.813	3.266
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		8.221	7.763	7.564

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	46.000 (Approximately)	18.623	42.480
		Other Income	NA	0.040	0.315
		TOTAL (A)	NA	18.663	42.795
Less	EXPENSES
		Cost of Goods Sold	NA	12.748	36.056
		Administrative Expenses	NA	4.515	4.880
		TOTAL (B)	NA	17.263	40.936
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		NA	1.400	1.859
Less	FINANCIAL EXPENSES (D)		NA	0.224	0.269
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		NA	1.176	1.590
Less/ Add	DEPRECIATION/ AMORTISATION (F)		NA	0.858	0.838
	PROFIT BEFORE TAX (E-F) (G)		NA	0.318	0.752
Less	TAX (H)		NA	0.100	0.268
	PROFIT AFTER TAX (G-H) (I)		NA	0.218	0.484
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.843	0.647	0.211
Less	APPROPRIATIONS
		Transfer to General Reserve	NA	0.022	0.048
	BALANCE CARRIED TO THE B/S		NA	0.843	0.647
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	0.011	0.000
	TOTAL EARNINGS		NA	0.011	0.000
	Earnings Per Share (Rs.)		NA	NA	NA

Particulars	31.03.2013
Sales Turnover (Approximately)	52.500

Expected Sales (2013-2014): More Than Rs. 70.000 Millions

The above information has been parted by Mr. Habeeb – Director

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	NA	1.16	1.13
Net Profit Margin (PBT/Sales)	(%)	NA	1.71	1.77
Return on Total Assets (PBT/Total Assets}	(%)	NA	1.44	4.80
Return on Investment (ROI) (PBT/Networth)		NA	0.04	0.11
Debt Equity Ratio (Total Debt /Networth)		0.04	2.02	1.22
Current Ratio (Current Asset/Current Liability)		1.20	1.20	1.40

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 four 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	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

NOTE :

Note: As claimed by Mr.Syed Habeeb (Director), the registered office address the company has been shifted from Plot No. A29/1/10, I.D.A, Nacharam, Hyderabad-500076, Andhra Pradesh, India to the present above address

FIXED ASSETS:

· Land

· Buildings

· Plant and Machinery

· Computers

· Furniture and Fixtures

· Vehicles

· Office Equipments

· Air Conditioner

· Hoist E O T 5tons Capacity

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. 54.91
UK Pound	1	Rs. 84.44
Euro	1	Rs. 71.31

INFORMATION DETAILS

Information Gathered by :	JML
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	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	4
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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.