MIRA INFORM REPORT

Report Date :

03.10.2013

IDENTIFICATION DETAILS

Name :	LPS INDUSTRIAL SUPPLIES PRIVATE LIMITED
Registered Office :	A-1/134, Safderjung Enclave, New Delhi – 110 029
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	22.09.2011
Com. Reg. No.:	55-225360
Capital Investment / Paid-up Capital :	Rs.0.400 million
CIN No.: [Company Identification No.]	U74900DL2011PTC225360
Legal Form :	Private Limited Liability Company
Line of Business :	Trader, Exporter and Importer of Industrial Safety and Material Handling Equipment and Tools, etc.
No. of Employees :	24 (Approximately)

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 1500
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was established as partnership concern during the year 2008. It got converted as private limited company during 20.09.2011. It has moderate track record. As confirmed by Mr. Manoj Gupta, General Manager that company has started its business activities in April 2012. As per latest financials of 2012, there appear huge operative expenses incurred by the company. However, trade relations are improving. 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 – 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

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

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 (GENERAL DETAILS)

Name :	Mr. Manoj Gupta
Designation :	General Manager
Contact No.:	91-9729870611
Date :	02.10.2013

LOCATIONS

Registered Office :	A-1/134, Safderjung Enclave, New Delhi – 110 029, India
Tel. No.:	91-11-26180086
Mobile No.:	91-9729870611 (Mr. Manoj Gupta)
Fax No.:	91-11-26180072
E-Mail :	delhi@lpsboi.com achahal@lpsboi.com bsaini@lpsboi.com
Website :	www.lpsis.com
Head Office :	NH-10, Delhi Road, Kharawar Bye Pass, Rohtak – 124 021, Haryana, India
Tel. No.:	91-1262-305242/ 305161
Fax No.:	91-1262-305111
E-Mail :	lpsis@lpsboi.com rahul@lpsboi.com
Branch Office :	Plot No.257, Sector – 6, IMT Manesar, Gurgaon, Haryana, India
E-Mail :	manesar@lpsboi.com

DIRECTORS

AS ON 29.09.2012

Name :

Mr. Rajesh Bimal Pershad Jain

Designation :

Director

Address :

Nav Bharat House, Railway Road, Rohtak – 124 001, Haryana, India

Date of Birth/Age :

28.06.1958

Date of Appointment :

22.09.2011

DIN No.:

00096176

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	U13209HR1980PTC010792	LPS FASTENERS AND WIRES PRIVATE LIMITED	Director	22/08/1980	22/08/1980	-	Active	NO
2	U28939HR1986PLC025042	INDIAN FASTENERS LIMITED	Director	07/08/1986	07/08/1986	-	Active	NO
3	U74899DL1988PTC032120	SUDHIR AUTOMOTIVE INDUSTRIES PRIVATE LIMITED	Director	19/09/1988	19/09/1988	-	Active	NO
4	L35999HR1968PLC004977	LAKSHMI PRECISION SCREWS LIMITED	Director	28/09/1990	28/09/1990	-	Active	NO
5	U74899DL1992PTC049053	AMIT SCREWS PRIVATE LIMITED	Director	14/06/1992	14/06/1992	-	Active	NO
6	U74899DL1994PLC060719	J C FASTNERS LIMITED	Director	06/08/1994	06/08/1994	-	Active	NO
7	U72200DL1997PTC090805	LPS BOSSARD PRIVATE LIMITED	Managing director	21/11/1997	21/11/1997	-	Active	NO
8	U72200DL1997PTC090806	LPS BOSSARD INFORMATION SYSTEMS PRIVATE LIMITED	Managing director	21/11/1997	21/11/1997	-	Active	NO
9	U74899DL1993PTC054153	NIRMAL PROMOTERS PRIVATE LIMITED	Director	10/02/2006	10/02/2006	-	Active	NO
10	U74140DL2007PTC169521	SUN SHARES TRADING AND CONSULTANCY PRIVATE LIMITED	Director	17/10/2007	17/10/2007	-	Active	NO
11	U45400HR2008PLC038013	LVR HOLDING LIMITED	Director	06/06/2008	06/06/2008	-	Active	NO
12	U74900DL2011PTC225360	LPS INDUSTRIAL SUPPLIES PRIVATE LIMITED	Director	22/09/2011	22/09/2011	-	Active	NO
13	U28130HR2013PTC048223	UNIVERSAL PRECISION SCREWS PRIVATE LIMITED	Director	31/01/2013	31/01/2013	-	Active	NO

Name :

Mr. Rahul Rajesh Jain

Designation :

Director

Address :

Nav Bharat House, Railway Road, Rohtak – 124 001, Haryana, India

Date of Birth/Age :

13.08.1983

Date of Appointment :

22.09.2011

DIN No.:

00096226

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	U74899DL1993PTC054153	NIRMAL PROMOTERS PRIVATE LIMITED	Director	10/02/2006	10/02/2006	-	Active	NO
2	U22211DL2007PTC160628	AVVANTI ADVISORS Private LIMITED	Director	16/03/2007	16/03/2007	01/06/2009	Active	NO
3	U74140DL2007PTC169521	SUN SHARES TRADING AND CONSULTANCY PRIVATE LIMITED	Director	17/10/2007	17/10/2007	-	Active	NO
4	U74140DL2008PTC178040	SUN UTILITY MANAGEMENT PRIVATE LIMITED	Director	13/05/2008	13/05/2008	-	Active	NO
5	U74140DL2010PTC204147	PHLOX ADVISORY PRIVATE LIMITED	Director	15/06/2010	15/06/2010	-	Active	NO
6	U74900DL2011PTC225360	LPS INDUSTRIAL SUPPLIES PRIVATE LIMITED	Director	22/09/2011	22/09/2011	-	Active	NO

Name :

Mrs. Sandhya Jain

Designation :

Director

Address :

Nav Bharat House, Railway Road, Rohtak – 124 001, Haryana, India

Date of Birth/Age :

29.03.1958

Date of Appointment :

22.09.2011

DIN No.:

00096310

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	U74899DL1988PTC032120	SUDHIR AUTOMOTIVE INDUSTRIES PRIVATE LIMITED	Director	17/06/1988	17/06/1988	-	Active	NO
2	U74899DL1994PLC057840	LPS SECURITIES LIMITED	Director	11/03/1994	11/03/1994	-	Active	NO
3	U74899DL1993PTC054153	NIRMAL PROMOTERS PRIVATE LIMITED	Director	10/02/2006	10/02/2006	-	Active	NO
4	U22211DL2007PTC160628	AVVANTI ADVISORS Private LIMITED	Director	16/03/2007	16/03/2007	01/06/2009	Active	NO
5	U74140DL2007PTC169521	SUN SHARES TRADING AND CONSULTANCY PRIVATE LIMITED	Director	17/10/2007	17/10/2007	-	Active	NO
6	U74900DL2011PTC225360	LPS INDUSTRIAL SUPPLIES PRIVATE LIMITED	Director	22/09/2011	22/09/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Manoj Gupta
Designation :	General Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

Names of Shareholders	No. of Shares
Rajesh Jain	50000
Rahul Jain	50000
Sandhya Jain	10000
Samridhi Jain	10000
Total	120000

AS ON 29.09.2012

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

BUSINESS DETAILS

Line of Business :	Trader, Exporter and Importer of Industrial Safety and Material Handling Equipment and Tools, etc.
Exports :
Products :	Industrial Safety and Material Handling Equipment and Tools, etc.
Countries :	Taiwan USA Korea
Imports :
Products :	Raw Materials
Countries :	Taiwan China US Germany
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :	End Users
No. of Employees :	24 (Approximately)
Bankers :	ICICI Bank Limited, Delhi, India
Facilities :	--

Banking Relations :	--
Auditors :
Name :	Vishal G. Goel and Company Chartered Accountants
Address :	Chotta Halwai Hatta, Sunaron Wali Gali, Sonipat – 131 001, Haryana, India
Mobile No.:	91-9212250265
E-Mail :	vishal@cavishalgoel.com vishalggoel@gmail.com
PAN No.:	AEAPG0246E

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
120000	Equity Shares	Rs.10/- each	Rs.1.200 millions

AS ON 31.03.2012

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
40000	Equity Shares	Rs.10/- each	Rs.0.400 million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012
I. EQUITY AND LIABILITIES
(1) Shareholders' Funds
(a) Share Capital	0.400
(b) Reserves & Surplus	(0.019)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.381
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) Long-term provisions	0.000
Total Non-current Liabilities (3)	0.000
(4) Current Liabilities
(a) Short term borrowings	0.173
(b) Trade payables	0.000
(c) Other current liabilities	0.007
(d) Short-term provisions	0.000
Total Current Liabilities (4)	0.180
TOTAL	0.561
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	0.000
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.000
(d) Cash and cash equivalents	0.400
(e) Short-term loans and advances	0.000
(f) Other current assets	0.161
Total Current Assets	0.561
TOTAL	0.561

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012
	SALES
		Revenue from Operations	0.000
		Other Income	0.003
		TOTAL (A)	0.003
Less	EXPENSES
		Other Expenses
		Printing and Stationery	0.001
		Rates and Taxes	0.002
		Audit Fees	0.002
		Other Miscellaneous Expenditure Written off	0.017
		TOTAL (B)	0.022
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(0.019)
Less	FINANCIAL EXPENSES (D)		0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(0.019)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.000
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(0.019)
Less	TAX (H)		0.000
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(0.019)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.000
	BALANCE CARRIED TO THE B/S		(0.019)
	Earnings / (Loss) Per Share (Rs.)		(0.48)

KEY RATIOS

PARTICULARS		31.03.2012
PAT / Total Income	(%)	(633.33)
Net Profit Margin (PBT/Sales)	(%)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(3.39)
Return on Investment (ROI) (PBT/Networth)		(0.05)
Debt Equity Ratio (Total Debt/Networth)		0.45
Current Ratio (Current Asset/Current Liability)		3.12

LOCAL AGENCY FURTHER INFORMATION

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 about 6 months	Yes
12) Profitability for last about 6 months	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	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	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	No
33) Voter ID No of Proprietor/Partner/Director, if available	No
34) External Agency Rating, if available	No

Note:

No Charges Exist for Company.

Unsecured Loan	31.03.2012 (Rs. in Millions)
SHORT TERM BORROWINGS
Other loans and advances
Rajesh Jain	0.173
Total	0.173

FINANCIAL HIGHLIGHTS

This is the first year of the operations of the Company as the company has got incorporated on 22^nd September, 2011. The Directors are of the view that the company will grow as per the expectation in the coming financial 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.62.35
UK Pound	1	Rs.101.20
Euro	1	Rs.84.54

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	-
--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	YES
--AFFILIATION	YES/NO	NO
--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.