MIRA INFORM REPORT

Report Date :

29.05.2013

IDENTIFICATION DETAILS

Name :	KAMDHENU GLOBAL LIMITED (w.e.f 08.06.2009)
Formerly Known As :	KAMDHENU CREDITS LIMITED
Registered Office :	10/2, Sarva Priya Vihar, New Delhi – 110016
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	28.03.1995
Com. Reg. No.:	55-066844
Capital Investment / Paid-up Capital :	Rs. 22.690 Millions
CIN No.: [Company Identification No.]	U51909DL1995PLC066844
TAN No.: [Tax Deduction & Collection Account No.]	DELK02742F
PAN No.: [Permanent Account No.]	AAACK4623N
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trader of Metal Scrap.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (35)

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

Maximum Credit Limit :	USD 190000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established having a moderate track record. The profitability of the company is low. However, trade relations are fair. Business is active. Payment terms 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.

LOCATIONS

Registered Office :	10/2, Sarva Priya Vihar, New Delhi – 110016, India
Tel. No.:	91-11-41635081-84
Fax No.:	91-11-41635502
E-Mail :	moolchand@kglgroup.co.in kamdhenu2004@rediffmail.com
Corporate Office:	S-402, Grater Kailash – 1, New Delhi – 110048, Indai
Tel. No.:	91-11-41635081

DIRECTORS

As on 20.06.2012

Name :

Mr. Deept Sarup Agarwal

Designation :

Managing Director

Address :

10/2, Sarvpriya Vihar, Delhi – 110016, India

Date of Birth/Age :

12.11.1967

Date of Appointment :

28.03.1995

DIN No.:

00085523

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	U74899DL1990PTC039621	AD EXPORTS PRIVATE LIMITED	Managing director	23/03/1990	23/03/1990	-	Active	NO
2	U51909DL1995PLC066844	KAMDHENU GLOBAL LIMITED	Managing director	28/03/1995	28/03/1995	-	Active	NO
3	U51909DL2005PTC132287	PARAM PURE EDIBLE OILS PRIVATE LIMITED	Managing director	09/11/2005	09/11/2005	-	Active	NO
4	U80301DL2006PTC147864	NARNARAYAN INSTITUTE OF MANAGEMENT STUDIES PRIVATE LIMITED	Managing director	22/03/2006	22/03/2006	-	Active	NO
5	U51101DL2006PTC150889	DIVINE SOLUTIONS PRIVATE LIMITED	Managing director	12/07/2006	12/07/2006	-	Active	NO
6	U72200DL2005PTC144285	D.J.A. SOFTECH PRIVATE LIMITED	Managing director	29/03/2007	29/03/2007	-	Active	NO

Name :

Mr. Moolchand Talreja

Designation :

Director

Address :

12/181 New Moti Nagar, Delhi – 110015, India

Date of Birth/Age :

22.08.1965

Date of Appointment :

31.05.2003

DIN No.:

00115255

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	U51909DL1995PLC066844	KAMDHENU GLOBAL LIMITED	Director	31/05/2003	31/05/2003	-	Active	NO
2	U51909DL2005PTC132287	PARAM PURE EDIBLE OILS PRIVATE LIMITED	Director	20/01/2005	20/01/2005	06/08/2012	Active	NO
3	U80301DL2006PTC147864	NARNARAYAN INSTITUTE OF MANAGEMENT STUDIES PRIVATE LIMITED	Director	22/03/2006	22/03/2006	-	Active	NO
4	U51101DL2006PTC150889	DIVINE SOLUTIONS PRIVATE LIMITED	Director	10/09/2009	11/08/2009	25/01/2011	Active	NO

Name :

Jaya Agarwal

Designation :

Director

Address :

10/2, Sarvpriya Vihar, Delhi – 110016, India

Date of Birth/Age :

28.09.1971

Date of Appointment :

28.03.1995

DIN No.:

00321524

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	U51909DL1995PLC066844	KAMDHENU GLOBAL LIMITED	Director	28/03/1995	28/03/1995	-	Active	NO
2	U72200DL2005PTC144285	D.J.A. SOFTECH PRIVATE LIMITED	Director	29/03/2007	29/03/2007	-	Active	NO
3	U51101DL2006PTC150889	DIVINE SOLUTIONS PRIVATE LIMITED	Director	27/04/2011	01/01/2011	-	Active	NO
4	U51909DL2005PTC132287	PARAM PURE EDIBLE OILS PRIVATE LIMITED	Director	10/04/2012	10/04/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 20.06.2012

Names of Shareholders	No. of Shares
Deept Sarup Agarwal	908000
Jaya Agarwal	1786600
Sushila Agarwal	500
Tarun Sarup Agarwal	500
Moolchand Agarwal	1000
Arun Kumar Gupta	500
Archana Agarwal	500
Total	2697600

Equity Share Break up (Percentage of Total Equity)

As on 20.06.2012

Category	Percentage
Other top fifty shareholders	99.96
Others	0.04
Total	100.00

BUSINESS DETAILS

Line of Business :

Trader of Metal Scrap.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Bank of India, Janpath Branch, 66, Janpath, New Delhi – 110001, India

Facilities :

Secured Loan	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Star Mortgage Loan (BOI)	3.940	0.000
Loans Secured by Hypothecation of Cars	0.000	0.486
Cash credit Account (BOI)	16.569	6.016
Buyers Credit (BOI)	8.196	0.000
Bank Overdraft (BOI)	3.213	0.000
Total	31.918	6.502

Banking Relations :	--
Auditors :
Name :	Arun K Agarwal and Associates Chartered Accountants
Address :	105 South Ex Plaza -1, 389 Masjid Moth South Extension – 2, New Delhi – 110049, India
PAN No.:	AAEFA4648N
Individual owing directly or indirectly an interest in the voting power that gives them control significant influence:	Divine Solution Private Limited

CAPITAL STRUCTURE

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2697600	Equity Shares	Rs.10/- each	Rs.26.976 Millions

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1874000	Equity Shares	Rs.10/- each	Rs.18.740 Million
	Issued During the Year		Rs. 3.950 Millions
	Total		Rs.22.690 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		22.690	18.740	18.740
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		26.009	24.640	23.631
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		48.699	43.380	42.371
LOAN FUNDS
1] Secured Loans		31.918	6.502	1.921
2] Unsecured Loans		9.231	8.994	6.089
TOTAL BORROWING		41.149	15.496	8.010
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		89.848	58.876	50.381
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.347	1.570	1.782
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		22.607	25.307	25.307
DEFERRED TAX ASSETS		0.214	0.220	0.220
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.432	0.243	3.824
	Sundry Debtors	8.975	9.020	18.986
	Cash & Bank Balances	46.114	39.982	6.102
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	48.085	21.982	31.835
Total Current Assets		103.606	71.227	60.747
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	20.354	30.208	37.345
	Other Current Liabilities	16.397	8.496	0.130
	Provisions	1.175	0.742	0.200
Total Current Liabilities		37.926	39.446	37.675
Net Current Assets		65.680	31.779	23.072
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		89.848	58.876	50.381

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	224.079	216.007	98.678
		Other Income	1.007	1.390	3.715
		TOTAL (A)	225.086	217.397	102.393
Less	EXPENSES
		Purchase of stock in trade	208.229	204.106
		Changes in Inventories	(0.189)	3.581
		Employees Benefit Expenses	1.860	1.944
		Other Expenses	9.407	4.419
		TOTAL (B)	219.307	214.050	98.135
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		5.779	3.347	4.258
Less	FINANCIAL EXPENSES (D)		3.459	1.527	3.266
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2.320	1.820	0.992
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.277	0.355	0.426
	PROFIT BEFORE TAX (E-F) (G)		2.043	1.465	0.566
Less	TAX (H)		0.674	0.456	0.183
	PROFIT AFTER TAX (G-H) (I)		1.369	1.009	0.383
	EARNINGS IN FOREIGN CURRENCY
	Export Earnings		64.370	0.000	NA
	Earnings Per Share (Rs.)		0.73	0.54	0.20

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.60	0.46	0.37
Net Profit Margin (PBT/Sales)	(%)	0.91	0.68	0.57
Return on Total Assets (PBT/Total Assets}	(%)	1.97	2.06	0.93
Return on Investment (ROI) (PBT/Networth)		0.04	0.03	0.01
Debt Equity Ratio (Total Debt /Networth)		0.84	0.36	0.19
Current Ratio (Current Asset/Current Liability)		2.73	1.81	1.61

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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOAN

PARTICULARS	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Loans from banks	6.152	3.650
Loans from Financial Institutions	3.079	0.494
Loans From Director	0.000	4.850
Total	9.231	8.994

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U51909DL1995PLC066844
Name of the company	KAMDHENU GLOBAL LIMITED
Address of the registered office or of the principal place of business in India of the company	10/2, Sarva Priya Vihar, New Delhi – 110016, India Email: moolchand@kglgroup.co.in
This form is for	Creation of Charge
Type of charge	Hypothecation of vehicles
Particular of charge holder	(CIN: U51909DL1995PLC066844) Bank of India, Janpath Branch, 66, Janpath, New Delhi – 110001, India Email: virendradel@gmail.com
Nature of instrument creating charge	Agreement oh Hypothecation For Consumers Loan in respect of vehicles
Date of instrument Creating the charge	20.11.2012
Amount secured by the charge	Rs.0.595 Million
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest on Auto Loan shall be charged @ 1.25% over base rate, presently 11.75 % p. a. with monthly rests or at such other rates as may be prescribed by the bank from time to time. Terms of Repayment Repayable in 36 equal monthly installments of Rs.0.020 Million each, commencing from 30.12.2012 and so on till the entire loan is repaid in full along with interest. Margin As may be prescribed by the bank from time to time. Extent and Operation of the charge 100 percent. Others 2THS
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of one Old Skoda Car Model Superb Elegance bearing no.DL9CZ2221 together with all tools and accessories etc. belonging to the said vehicle purchased/to be purchased out of bank finance.

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.55.74
UK Pound	1	Rs.84.17
Euro	1	Rs.72.02

INFORMATION DETAILS

Report Prepared by :

KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		35

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.