MIRA INFORM REPORT

Report Date :

29.05.2013

IDENTIFICATION DETAILS

Name :	MINERALIA IMPEX PRIVATE LIMITED
Registered Office :	R 9/109 F, Rajnagar, Ghaziabad – 201002, Uttar Pradesh
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	14.06.2010
Com. Reg. No.:	20-040997
Capital Investment / Paid-up Capital :	Rs. 0.500 Million
CIN No.: [Company Identification No.]	U51109UP2010PTC040997
Legal Form :	Private Limited Liability Company
Line of Business :	Trading of Ceramic Clay and Minerals.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 5000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a relatively new company having a satisfactory track record. General financial position is still improving. Trade relations are fair. Business is active. Payments are reported as slow but correct. The company can be considered normal for business dealings at usual trade terms and condition.

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 :	R 9/109 F, Rajnagar, Ghaziabad – 201002, Uttar Pradesh, India
Tel. No.:	91-120-4444444
Fax No.:	Not Available
E-Mail :	caabhaygarg@gmail.com avafirm@gmail.com
Website :	www.mineraliaimpex.tradeget.com

DIRECTORS

AS ON 28.09.2012

Name :	Mr. Subhash Chand Tyagi
Designation :	Director
Address :	R 9/109 F, Rajnagar, Ghaziabad – 201002, Uttar Pradesh, India
Date of Birth/Age :	01.03.1955
Date of Appointment :	14.06.2010
DIN No.:	03023176
Name :	Mrs. Kusum Lata Tyagi
Designation :	Director
Address :	R 9/109 F, Rajnagar, Ghaziabad – 201002, Uttar Pradesh, India
Date of Birth/Age :	15.08.1959
Date of Appointment :	14.06.2010
DIN No.:	03023190
Name :	Mr. Varun Tyagi
Designation :	Director
Address :	R 9/109 F, Rajnagar, Ghaziabad – 201002, Uttar Pradesh, India
Date of Birth/Age :	18.01.1984
Date of Appointment :	14.06.2010
DIN No.:	03023197

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2012

Names of Shareholders	No. of Shares
Subhash Chand Tyagi	20000
Kusum Lata Tyagi	10000
Varun Tyagi	20000
Total	50000

AS ON 28.09.2012

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Trading of Ceramic Clay and Minerals.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Oriental Bank of Commerce, Razapur Branch, Shastri Nagar, Ghaziabad - 201001, Uttar Pradesh, India

Facilities :

Secured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
From Bank
Tata Capital Financial Services Limited ( Secured by Hypothecations of car )	1.150	0.000
Oriental Bank of Commerce (Primary Secured by Hypothecations of Inventory) (Collateral secured by Hypothecations of plot)	1.293	0.000
Total	2.443	0.000

Banking Relations :	--
Financial Institution :	Tata Capital Financial Services Limited
Auditors :
Name :	Abhay Garg and Company Chartered Accountants
Address :	L-222, Sanjay Nagar, Sector-23, Ghaziabad – 201001, Uttar Pradesh, India
Mobile No.:	91-9911239899
Income-tax PAN of auditor or auditor's firm :	AFNPG7134B

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
50,000	Equity Shares	Rs. 10/- each	Rs. 0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50,000	Equity Shares	Rs. 10/- each	Rs. 0.500 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		0.500	0.500
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		0.763	0.000
4] (Accumulated Losses)		0.000	(0.153)
NETWORTH		1.263	0.347
LOAN FUNDS
1] Secured Loans		2.443	0.000
2] Unsecured Loans		1.500	0.000
TOTAL BORROWING		3.943	0.000
DEFERRED TAX LIABILITIES		0.033	0.000
TOTAL		5.239	0.347
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.452	0.000
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	8.537	0.026
	Sundry Debtors	1.797	0.000
	Cash & Bank Balances	0.063	0.371
	Other Current Assets	0.111	0.001
	Loans & Advances	0.000	0.000
Total Current Assets		10.508	0.398
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	5.626	0.051
	Other Current Liabilities	0.289	0.000
	Provisions	0.806	0.000
Total Current Liabilities		6.721	0.051
Net Current Assets		3.787	0.347
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		5.239	0.347

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2012	31.03.2011
	SALES
		Income
		Other Income
		TOTAL		21.458	0.000
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL		20.199	0.153
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION			1.259	(0.153)
Less/ Add	DEPRECIATION/ AMORTISATION			0.001	0.000
	PROFIT BEFORE TAX			1.258	(0.153)
Less	TAX			0.342	0.000
	PROFIT AFTER TAX			0.916	(0.153)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			(0.153)	0.000
	BALANCE CARRIED TO THE B/S			0.763	(0.153)
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings		0.036	0.000
	IMPORTS
		Raw Materials		23.273	0.000
	Earnings Per Share (Rs.)			18.33	(3.06)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011
Return on Total Assets (PBT/Total Assets}	(%)	10.52	(38.44)
Return on Investment (ROI) (PBT/Networth)		1.00	(0.44)
Debt Equity Ratio (Total Debt/Networth)		3.12	0.00
Current Ratio (Current Asset/Current Liability)		1.56	7.80

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last two years	Yes
12]	Profitability for last two 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	No
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 LOANS

Unsecured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
From others	1.500	0.000
Total	1.500	0.000

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U51109UP2010PTC040997
Name of the company	MINERALIA IMPEX PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	R 9/109 F, Rajnagar, Ghaziabad – 201002, Uttar Pradesh, India Email: avafirm@gmail.com
This form is for	Creation of charge
Type of charge	Book debts Movable property (not being pledge) Floating charge Others [Hypothecation of fixed assets of company]
Particular of charge holder	Oriental Bank of Commerce, Razapur Branch, Shastri Nagar, Ghaziabad - 201001, Uttar Pradesh, India Email: sahnibansalca@gmail.com
Nature of description of the instrument creating or modifying the charge	Agreement of hypothecation of assets [Loan Doc - 1]
Date of instrument Creating the charge	30.06.2012
Amount secured by the charge	Rs. 7.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest INTT @ B.R. + 3.25% ie 13.75% P.A. (present B.R. of the bank is 10.25%) charged on monthly rests subject to changes from time to time Penal INTT @ 2% over and above normal INTT Terms of Repayment Repayable on demand Margin 25% Extent and Operation of the charge Cash credit (hypo and book debt ) limit : Rs 7.000 Millions (with a sublimit of letter of credit of Rs 7.000 Millions) Total : Rs 7.000 Millions
Short particulars of the property charged	Hypothecation of stock of minerals/ chemicals and receivables Hypothecation of entire existing and future fixed assets of company

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. 72.03

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	4
--RESERVES	1~10	5
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		44

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.