MIRA INFORM REPORT

Report Date :

11.11.2013

IDENTIFICATION DETAILS

Name :	AUROPLUS AGENCIES LIMITED
Registered Office :	16, B.R.B.B. Road, 3rd Floor, Kolkata – 700001, West Bengal
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	06.01.2012
Com. Reg. No.:	21-171707
Capital Investment / Paid-up Capital :	Rs. 0.700 Million
CIN No.: [Company Identification No.]	U51900WB2012PLC171707
PAN No.: [Permanent Account No.]	AAKCA1636K
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Not Divulged
No. of Employees :	Information declined by the management

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 41900
Status :	Yet to commence commercial operation
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporated during the year 2012. The company is yet to commence its commercial operation. However, networth of the company appears to be decent. Payment terms are unknown. The company can be considered for business dealings with great 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

INDIAN ECONOMIC OVERVIEW

The current downturn provides an opportunity to push ahead with reforms to accelerate growth, says the latest India Development Update report released by the World Bank. The report says that the adverse effects of rupee depreciation are likely to be offset by the gains in the exports performance due to improved external competitiveness. Since May this year, the local currency has depreciated substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.

A stagflation like situation appears to have arisen as inflation jumped to an eight month high of 6.46 % for the month of September. It is up from 6.10 % in August. Growth continues to be muted with factory output plunging to 0.6  % in August. Onion prices have risen nearly 300 % from last September. Vegetables cost nearly 90 % more than they did last year. Wake up to the economic contribution of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic product, according to a recent study conducted in 50 top cities.

136000 estimated number of jobs created during the second quarter of the current financial year. 50000 estimated number of additional jobs in the field of corporate social responsibility in the coming years.

The International Finance Corporation expects to come out with its rupee linked bonds issue before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched in India from 1^st November.

The Land Acquisition Act to provide just and fair compensation to farmers will come into force from January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a 119 year old registration. The Securities and Exchange Board of India has approved the trading of currency futures on the Bombay Stock Exchange. The exchange plans to launch the currency futures platform with advanced trading technology by the end of November.

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 DECLINED

MANAGEMENT NON-COOPERATIVE [91-33-22305244]

LOCATIONS

Registered Office :	16, B.R.B.B. Road, 3rd Floor, Kolkata – 700001, West Bengal, India
Tel. No.:	91-33-22305244
Fax No.:	Not Available
E-Mail :	ranjeetbihani@gmail.com

DIRECTORS

AS ON 21.08.2013

Name :

Mr. Ranjeet Kumar Bihani

Designation :

Director

Address :

11B/1, Amar Bose Sarani, 2nd Floor, Kolkata – 700007, West Bengal, India

Date of Birth/Age :

01.09.1950

Qualification :

Graduate

Date of Appointment :

06.01.2012

PAN No.:

AEIPB8080R

DIN No.:

00129487

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	U74140WB1983PTC036933	BIHANI BANDHU PRIVATE LIMITED	Director	17/11/1983	17/11/1983	-	Active	NO
2	U70101WB1986PTC041214	SUBH ESTATE DEVELOPERS PRIVATE LIMITED	Director	02/09/1986	02/09/1986	-	Active	NO
3	L45202WB1992PLC054157	JAYSHREE NIRMAN LIMITED	Director	14/02/1997	14/02/1997	-	Active	NO
4	U17290WB1981PLC034375	RAKESH TEXTILES LIMITED	Director	14/02/1997	14/02/1997	-	Amalgamated	NO
5	U65923WB1988PTC044046	MEGHDOOT BUSINESS NIDHI PRIVATE LIMITED	Whole-time director	01/06/2013	01/04/1997	-	Active	NO
6	U65929WB1988PTC044047	BIHANI MERCANTILES PRIVATE LIMITED	Director	08/05/1997	08/05/1997	10/08/2011	Active	NO
7	U24233WB2003PTC096471	JIWAK AYURVEDA PRIVATE LIMITED	Director	25/06/2003	25/06/2003	-	Active	NO
8	L74210WB1980PLC032979	J TAPARIA PROJECTS LIMITED	Director	22/06/2005	22/06/2005	-	Active	NO
9	U51109WB1995PLC068868	PATREX VYAPAAR LIMITED	Director	25/07/2005	25/07/2005	-	Active	NO
10	U65923WB1993PTC059138	YAMNOTRI VINIMAY PRIVATE LIMITED	Director	17/04/2006	17/04/2006	-	Active	NO
11	U65993WB1964PTC026185	PROSPECTIVE INVESTMENT COMPANY PRIVATE LIMITED	Director	04/12/2006	04/12/2006	04/06/2009	Active	NO
12	U23109WB1945PLC012801	NIMCHA COAL COMPANY LIMITED	Director	06/12/2006	06/12/2006	04/06/2009	Active	NO
13	U10101WB1945PLC012800	ASHAKUTY COAL COMPANY LIMITED	Director	18/06/2008	18/06/2008	04/06/2009	Active	NO
14	U51900WB2012PLC171707	AUROPLUS AGENCIES LIMITED	Director	06/01/2012	06/01/2012	-	Active	NO
15	U51909WB2012PLC171706	WOODSTICK TRADELINKS LIMITED	Director	06/01/2012	06/01/2012	-	Active	NO
16	U51909WB2012PLC171705	TELEQUIP TIE -UP LIMITED	Director	06/01/2012	06/01/2012	-	Active	NO
17	U51909WB2012PLC171704	ARROWSPACE COMMERCIAL LIMITED	Director	06/01/2012	06/01/2012	-	Active	NO
18	U51909WB2012PLC171698	TIMESOUND COMMODITIES LIMITED	Director	06/01/2012	06/01/2012	-	Active	NO
19	U51909WB2012PLC171894	GOLDERS VINTRADE LIMITED	Director	10/01/2012	10/01/2012	-	Active	NO
20	U65999WB1993PTC060753	RABI BINOD FINANCIAL SERVICES PRIVATE LIMITED	Director	29/09/2012	19/07/2012	-	Active	NO
21	U51226WB1986PTC041215	BIHANI PIGMENTS PRIVATE LIMITED	Director	24/07/2012	24/07/2012	-	Active	NO

Name :

Mr. Sanjit Dhawa

Designation :

Director

Address :

Village Mellak, P.O. Mellak, Bagnan - 711303, West Bengal, India

Date of Birth/Age :

02.01.1982

Qualification :

Graduate

Date of Appointment :

06.01.2012

PAN No.:

ATQPD4164P

DIN No.:

05162937

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	U51909WB2008PTC128587	FOURFOLD MARKETING PRIVATE LIMITED	Additional director	04/01/2012	04/01/2012	01/02/2012	Active	NO
2	U51909WB1993PTC059137	UROCHEM TRADES PRIVATE LIMITED	Additional director	04/01/2012	04/01/2012	01/02/2012	Active	NO
3	U51109WB1993PTC059136	OASIS SYNTEX PRIVATE LIMITED	Additional director	04/01/2012	04/01/2012	01/02/2012	Active	NO
4	U51909WB2012PLC171698	TIMESOUND COMMODITIES LIMITED	Director	06/01/2012	06/01/2012	-	Active	NO
5	U51900WB2012PLC171707	AUROPLUS AGENCIES LIMITED	Director	06/01/2012	06/01/2012	-	Active	NO
6	U51909WB2012PLC171706	WOODSTICK TRADELINKS LIMITED	Director	06/01/2012	06/01/2012	-	Active	NO
7	U51909WB2012PLC171705	TELEQUIP TIE -UP LIMITED	Director	06/01/2012	06/01/2012	-	Active	NO
8	U51909WB2012PLC171704	ARROWSPACE COMMERCIAL LIMITED	Director	06/01/2012	06/01/2012	-	Active	NO
9	U51909WB2012PLC171894	GOLDERS VINTRADE LIMITED	Director	10/01/2012	10/01/2012	-	Active	NO
10	L74210WB1980PLC032979	J TAPARIA PROJECTS LIMITED	Director	24/08/2012	05/03/2012	-	Active	NO

Name :

Mr. Mahavir Jain

Designation :

Director

Address :

8/119-Bijoygarh, Kolkata – 700032, West Bengal, India

Date of Birth/Age :

15.07.1978

Qualification :

Graduate

Date of Appointment :

06.01.2012

PAN No.:

AFAPJ1391Q

DIN No.:

02048027

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	Company/ LLP Status	Defaulting status
1	L74210WB1980PLC032979	J TAPARIA PROJECTS LIMITED	Director	18/07/2008	28/01/2008	Active	NO
2	U51900WB2012PLC171707	AUROPLUS AGENCIES LIMITED	Director	06/01/2012	06/01/2012	Active	NO
3	U51909WB2012PLC171706	WOODSTICK TRADELINKS LIMITED	Director	06/01/2012	06/01/2012	Active	NO
4	U51909WB2012PLC171705	TELEQUIP TIE -UP LIMITED	Director	06/01/2012	06/01/2012	Active	NO
5	U51909WB2012PLC171704	ARROWSPACE COMMERCIAL LIMITED	Director	06/01/2012	06/01/2012	Active	NO
6	U51909WB2012PLC171698	TIMESOUND COMMODITIES LIMITED	Director	06/01/2012	06/01/2012	Active	NO
7	U51909WB2012PLC171894	GOLDERS VINTRADE LIMITED	Director	10/01/2012	10/01/2012	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 21.08.2013

Names of Shareholders	No. of Shares
J. Taparia Projects Limited, India	69400
Ranjeet Kumar Bihani	100
Mahavir Jain	100
Sanjit Dhaka	100
Nirmala Devi Sharma	100
Rachana Sharma	100
Naresh Dugar	100
Total	70000

AS ON 21.08.2013

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Not Divulged

GENERAL INFORMATION

No. of Employees :	Information declined by the management
Bankers :	Not Available

Banking Relations :	--
Auditors :
Name :	Monika Chopra Chartered Accountant
Address :	15 Dr. P.K. Banerjee Road, Mullick Fatak, Howrah – 711101, West Bengal, India
Mobile No.:	91-9433025942
E-Mail :	ca.monikachopra@gmail.com
Income-tax PAN of auditor or auditor's firm :	ATLPC5725E
Holding Company :	J Taparia Projects Limited, India [L74210WB1980PLC032979]

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
70,000	Equity Shares	Rs. 10/- each	Rs. 0.700 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
70,000	Equity Shares	Rs. 10/- each	Rs. 0.700 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.700	0.700
(b) Reserves & Surplus	9.779	9.789
(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)	10.479	10.489
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	0.000	0.000
(c) Other current liabilities	0.001	0.001
(d) Short-term provisions	0.000	0.000
Total Current Liabilities (4)	0.001	0.001
TOTAL	10.480	10.490
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000
(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	10.175	10.175
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	10.175	10.175
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	0.000	0.000
(d) Cash and cash equivalents	0.287	0.291
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	0.018	0.024
Total Current Assets	0.305	0.315
TOTAL	10.481	10.490

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012
	SALES
		Revenue from operations	0.000	0.000
		Other Income	0.012	0.000
		TOTAL (A)	0.012	0.000
Less	EXPENSES
		Other expenses	0.022	0.011
		TOTAL (B)	0.022	0.011
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(0.010)	(0.011)
Less	FINANCIAL EXPENSES (D)		0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(0.010)	(0.011)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(0.010)	(0.011)
Less	TAX (H)		0.000	0.000
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(0.010)	(0.011)
	Earnings/ (Loss) Per Share (Rs.)		(0.15)	(0.92)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012
PAT / Total Income	(%)	(83.33)	0.00
Net Profit Margin (PBT/Sales)	(%)	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(3.28)	(3.49)
Return on Investment (ROI) (PBT/Networth)		0.00	0.00
Debt Equity Ratio (Total Debt/Networth)		0.00	0.00
Current Ratio (Current Asset/Current Liability)		305.00	315.00

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	No
6]	Line of Business	No
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	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	No
24]	Banking facility details	No
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	No

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

OPERATION

The performance of the company during the current year was satisfactory. However, the Directors are hopeful that the performance of the Company will be more satisfactory in coming year.

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. 62.73
UK Pound	1	Rs. 100.92
Euro	1	Rs. 84.06

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--CREDIT LINES	1~10	2
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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
DEFAULTERS
--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.