MIRA INFORM REPORT

Report Date :

19.11.2013

IDENTIFICATION DETAILS

Name :	ANANT MERCHANTS AND TRADERS PRIVATE LIMITED (w.e.f.16.12.2011)
Formerly Known As :	ANANT DEVELOPERS PRIVATE LIMITED
Registered Office :	10-11, Mehar Tiles Compound, Subhash Road, Jogeshwari (East), Mumbai – 400060, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	11.01.2007
Com. Reg. No.:	11-166939
Capital Investment / Paid-up Capital :	Rs.0.100 Millions
CIN No.: [Company Identification No.]	U74999MH2007PTC166939
TAN No.: [Tax Deduction & Collection Account No.]	AAGCA3634H
PAN No.: [Permanent Account No.]	MUMA30162G
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Fabric.
No. of Employees :	Not Divulged

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 300
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Financials after 2011 are not available with us. Management denied to provide any information to us. As per previous, There appears some accumulated losses recorded by the company. However, trade relation reported to be fair. Business is active. Payment terms are reported to be unknown. The company can be considered for business dealing 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

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 (91-22-28374870)

LOCATIONS

Registered Office :	10-11, Mehar Tiles Compound, Subhash Road, Jogeshwari (East), Mumbai – 400060, Maharashtra
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	pawanacs@gmail.com

DIRECTORS

As on 29.09.2012

Name :

Mr. Ashok Gordhandas Sarda

Designation :

Director

Address :

9 Trupti Cooperative Housing Society Limited, Hanuman Road, Vile Parle East, Mumbai – 400057, Maharashtra, India

Date of Appointment :

30.09.2009

DIN No.:

00077190

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	U67120MH1996PTC098198	CHARTERED TRADERS PRIVATE LIMITED	Director	29/09/2001	29/09/2001	22/03/2007	Active	NO
2	U17120MH1996PTC104189	MURUGAN TEXTILES PRIVATE LIMITED	Director	03/05/2003	03/05/2003	-	Active	NO
3	U74999MH2006PTC162507	DIVYA BUSINESS CONCEPTS PRIVATE LIMITED	Additional director	13/03/2009	13/03/2009	-	Active	NO
4	U74999MH2007PTC166939	ANANT MERCHANTS AND TRADERS PRIVATE LIMITED	Director	30/09/2009	13/03/2009	-	Active	NO
5	U70200MH2007PTC166932	PRECISION REALTY DEVELOPERS PRIVATE LIMITED	Director	30/09/2009	13/03/2009	-	Active	NO

Name :

Mr. Alpesh Shashikant Mehta

Designation :

Director

Address :

Flat No 20, 3rd Floor, Laxmi Nivas Chs Limited, Pai Nagar, S V Road, Borivali

(West), Mumbai – 400092, Maharashtra, India

Date of Appointment :

30.09.2009

DIN No.:

02260634

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	U70102MH2008PTC181743	LNB MERCANTILE PRIVATE LIMITED	Director	27/10/2009	30/07/2008	01/10/2010	Active	NO
2	U70200MH2007PTC168047	MAHABAL REALTY PRIVATE LIMITED	Director	21/08/2008	21/08/2008	01/10/2010	Active	NO
3	U45200MH2007PTC168052	VAYUPUTRA REALTY PRIVATE LIMITED	Director	21/08/2008	21/08/2008	29/11/2011	Active	NO
4	U74999MH2007PTC166939	ANANT MERCHANTS AND TRADERS PRIVATE LIMITED	Director	30/09/2009	13/03/2009	-	Active	NO
5	U74999MH2007PTC166931	ANIKA MERCHANTS AND TRADERS PRIVATE LIMITED	Director	30/09/2009	13/03/2009	01/10/2010	Active	NO
6	U74999MH2007PTC171556	AKSI WHOLESALERS PRIVATE LIMITED	Director	30/09/2009	13/03/2009	-	Active	NO
7	U52100MH2007PTC172957	AABHA HOTELS PRIVATE LIMITED	Additional director	30/03/2009	30/03/2009	13/08/2009	Active	NO
8	U52300MH2007PTC172952	PRASOON TRADERS PRIVATE LIMITED	Additional director	30/03/2009	30/03/2009	03/08/2009	Active	NO
9	U55101MH2007PTC172958	TRITOMA HOTELS PRIVATE LIMITED	Director	30/09/2009	30/03/2009	18/08/2010	Active	NO
10	U51909MH2005PTC156796	ERUDITE TRADING PRIVATE LIMITED	Additional director	01/06/2009	01/06/2009	10/07/2009	Amalgamated	NO

Name :

Mr. Ramakant Pramodkumar Saboo

Designation :

Director

Address :

F- 9/3, Hariniketan Society, Bangur Nagar, Goregaon (West), Mumbai –400090, Maharashtra, India

Date of Birth/Age :

30.09.1970

Date of Appointment :

30.09.2011

DIN No.:

02617081

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	U52100MH2007PTC172957	AABHA HOTELS PRIVATE LIMITED	Director	30/09/2009	30/03/2009	04/07/2012	Active	NO
2	U74999MH2007PTC167999	AMAN SYNTEX PRIVATE LIMITED	Director	30/09/2010	27/02/2010	-	Active	NO
3	U52100MH2006PTC160387	KYAL TRADING PRIVATE LIMITED	Director	30/09/2010	12/09/2010	08/03/2012	Active	NO
4	U52100MH2006PTC162506	RAMPAL TRADING PRIVATE LIMITED	Director	30/09/2010	15/09/2010	-	Active	NO
5	U74999MH2007PTC166931	ANIKA MERCHANTS AND TRADERS PRIVATE LIMITED	Director	30/09/2011	01/10/2010	-	Active	NO
6	U74999MH2007PTC166939	ANANT MERCHANTS AND TRADERS PRIVATE LIMITED	Director	30/09/2011	01/10/2010	-	Active	NO
7	U74999MH2011PTC219645	COUNSELED MERCANTILE PRIVATE LIMITED	Director	27/12/2012	19/07/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2012

Names of Shareholders	No. of Shares
Divya Business Concepts Private Limited, India (Formerly known as Divya Mall Management Company Private Limited)	5310
Aksi Wholesalers Private Limited, India (Formerly known as Nihar Realty Private Limited)	930
Prashant Bajaj	930
Nishi Bajaj	940
Uma Bajaj	940
Aditya Bajaj	950
Total	10000

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2012

Category	Percentage
Bodies corporate	62.40
Other top fifty shareholders	37.60
Total	100.00

BUSINESS DETAILS

Line of Business :

Trader of Fabric.

GENERAL INFORMATION

No. of Employees :	Not Divulged
Bankers :	Not Divulged

Banking Relations :	--
Auditors :
Name :	Ashok Bairagra and Associates Chartered Accountants
Address :	404, Shubham Centre-2, B-Wing, 4th Floor, Cardinal Gracious Road, Andheri (East), Mumbai – 400059, Maharashtra, India
Tel. No.:	91-22-28259939/28259940
Fax No.:	91-22-28259942
E-Mail :	Bairagra_ashok@indiatimes.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAPFS0971H
Subsidiaries :	Pairs Retail India Limited CIN: U52100MH2007PLC167268

CAPITAL STRUCTURE

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(0.017)	(0.006)	(0.014)
NETWORTH		0.083	0.094	0.086
LOAN FUNDS
1] Secured Loans		0.000	0.000	85.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	85.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		0.083	0.094	85.086
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000	0.000	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		30.029	30.057	0.057
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	85.000
	Sundry Debtors	0.023	0.023	0.000
	Cash & Bank Balances	0.037	0.025	0.036
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.000	0.000	0.000
Total Current Assets		0.060	0.048	85.036
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	30.006	30.010	0.007
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	0.000	0.001	0.000
Total Current Liabilities		30.006	30.011	0.007
Net Current Assets		(29.946)	(29.963)	85.029
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		0.083	0.094	85.086

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income
		Other Income
		TOTAL	0.000	30.023	NA
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	0.011	30.013	NA
	PROFIT / (LOSS) BEFORE TAX		(0.011)	0.010	NA
Less	TAX		0.000	0.002	NA
	PROFIT/ (LOSS) AFTER TAX		(0.011)	0.008	(0.007)
	PROFIT/ (LOSS) CARRIED FORWARD		(0.017)	(0.006)	NA
	Earnings / (Loss) Per Share (Rs.)		(1.06)	0.82	(0.74)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(0.00)	0.03	NA
Return on Total Assets (PBT/Total Assets}	(%)	(18.33)	20.83	NA
Return on Investment (ROI) (PBT/Networth)		(0.13)	0.11	NA
Debt Equity Ratio (Total Debt /Networth)		(0.00)	0.00	988.37
Current Ratio (Current Asset/Current Liability)		(0.00)	0.00	12148.00

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	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	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

INDEX OF CHARGES: No Charges Exist for Company

Note: Registered office of the company has been shifted from 52, Kalpataru Synergy, Opp. Grand Hyatt, Vakola, Santacruz (East), Mumbai – 400055, Maharashtra, India to the present address w.e.f 13.03.2009

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 records 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.63.63
UK Pound	1	Rs.101.06
Euro	1	Rs.84.56

INFORMATION DETAILS

Information Gathered by :	NAY
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	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	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
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.