MIRA INFORM REPORT

Report Date :

17.10.2013

IDENTIFICATION DETAILS

Name :	ACCESS MARKETING PRIVATE LIMITED HOTELMART A DIVISION OF ACCESS MARKETING PRIVATE LIMITED
Registered Office :	302, 3rd Floor, Shilp Arcade, Opposite Ratnamani Tower, Jodhpur Cross Road, Satellite, Ahmedabad – 380015, Gujarat
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	23.07.1990
Com. Reg. No.:	04-014076
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U51100GJ1990PTC014076
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and dealer of all type of Hotel Products like Toilet Rolls, Tissues, Room Kits, Soaps, Shampoo etc.
No. of Employees :	7 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 2400
Status :	Small Company
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small company in its field. Its scale of activities are limited. Mr. Nahid Shukla, the director provided complete informational and confirmed that eventhough the company has been incorporated as on July 07, 1990, it has started its business activities from 2003. There appears an increase in the sales turnover as well as net profitability during 2012. The ratings also take into consideration the small scale of operations and financial profile characterized by low net worth. However, trade relations are fair. Business is active. Payment terms are reported as 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

Name :	Mr. Nahid Shukla
Designation :	Director
Contact No.:	91-9825060983
Date :	17.09.2013

LOCATIONS

Registered Office :	302, 3rd Floor, Shilp Arcade, Opposite Ratnamani Tower, Jodhpur Cross Road, Satellite, Ahmedabad – 380015, Gujarat, India
Tel. No.:	91-79-26925295/65229346
Mobile No.:	91-9825060983 (Mr. Nahid Shukla)
Fax No.:	91-79-26925295
E-Mail :	nahid@allhotelsupplies.com info@allhotelsupplies.com

DIRECTORS

As on 29.09.2012

Name :

Mr. Ajay Jagdishbhai Shukla

Designation :

Director

Address :

B- 1001, Sanskar Apartment, Opposite Karnavati Club, Prahladnagar, Satellite, Ahmedabad – 3800015, Gujarat, India

Date of Birth / Age:

47 Years

Qualification :

Diploma

Date of Appointment :

01.08.1999

Experience :

11 Years

DIN No.:

00859823

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	U51100GJ1990PTC014076	ACCESS MARKETING PRIVATE LIMITED	Director	01/08/1999	01/08/1999	-	Active	NO
2	U74900MH2009PTC196170	TRANSLOG EXPRESS PRIVATE LIMITED	Director	21/12/2009	21/12/2009	-	Active	NO

Name :

Mr. Nahid Ajay Shukla

Designation :

Director

Address :

B- 1001, Sanskar Apartment, Opposite Karnavati Club, Prahladnagar, Satellite, Ahmedabad – 3800015, Gujarat, India

Date of Appointment :

09.11.2000

DIN No.:

00859821

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	U51100GJ1990PTC014076	ACCESS MARKETING PRIVATE LIMITED	Director	09/11/2000	09/11/2000	-	Active	NO
2	U74900MH2009PTC196170	TRANSLOG EXPRESS PRIVATE LIMITED	Director	01/10/2009	01/10/2009	31/03/2010	Active	NO

MAJOR SHAREHOLDERS

As on 29.09.2012

Names of Shareholders	No. of Shares
Ajay Jagdishbhai Shukla	500
Nahid Ajay Shukla	500
Total	1000

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2012

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and dealer of all type of Hotel Products like Toilet Rolls, Tissues, Room Kits, Soaps, Shampoo etc.
Products :	Toiletries · Soaps · Shampoo Moisturiser Foam Bath · Toilet Rolls · Shower Caps Room Amenities and Kits · Dental Kit · Sewing Kit · Shaving Kit · Executive Kit Food and Beverage Supplies · Paper Napkin · Chef Cap · Salt Sugar Sachet · Doileys Specialized Kits · Wedding Kits · LadiesKits · Patient/ Hospital Kits · Promotional Kits
Terms :
Selling :	Cash and Credit
Purchasing :	Cash, Credit and Depend

GENERAL INFORMATION

Customers :	Hotels
No. of Employees :	7 (Approximately)
Bankers :	· HDFC Bank, Shop #53, Sardar Centre, Nehru Park, Vastrapur, Ahmedabad – 380015, Gujarat, India

Banking Relations :	--
Auditors :
Name :	JDC and Associates Chartered Accountants
Address :	A-802, Safal Pegasus, Near Garden Cross Road, Prahladnagar Satellite, Ahmedabad – 380015, Gujarat, India
PAN No.:	AAPPC8780L

CAPITAL STRUCTURE

As on 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
2000	Equity Shares	Rs. 100/- each	Rs. 0.200 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000	Equity Shares	Rs. 100/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	0.500	0.486
(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)	0.600	0.586
(3) Non-Current Liabilities
(a) long-term borrowings	0.455	0.491
(b) Deferred tax liabilities (Net)	0.010	0.005
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.465	0.496
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	3.416	2.813
(c) Other current liabilities	0.023	0.086
(d) Short-term provisions	0.146	0.134
Total Current Liabilities (4)	3.585	3.033
TOTAL	4.650	4.115
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.947	0.871
(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	0.000	0.000
(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	0.947	0.871
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.222	0.168
(c) Trade receivables	1.977	1.355
(d) Cash and cash equivalents	1.348	1.391
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	0.156	0.330
Total Current Assets	3.703	3.244
TOTAL	4.650	4.115

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.100
2] Share Application Money		0.000
3] Reserves & Surplus		0.126
4] (Accumulated Losses)		0.000
NETWORTH		0.226
LOAN FUNDS
1] Secured Loans		0.115
2] Unsecured Loans		0.340
TOTAL BORROWING		0.455
DEFERRED TAX LIABILITIES		0.000
TOTAL		0.681
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.856
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.055
	Sundry Debtors	0.913
	Cash & Bank Balances	0.991
	Other Current Assets	0.000
	Loans & Advances	0.335
Total Current Assets		2.294
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	2.383
	Other Current Liabilities	0.058
	Provisions	0.028
Total Current Liabilities		2.469
Net Current Assets		(0.175)
MISCELLANEOUS EXPENSES		0.000
TOTAL		0.681

PROFIT & LOSS ACCOUNT

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
SALES
	Income	9.713	8.892	5.758
	Other Income	NA	NA	NA
	TOTAL	NA	NA	NA
EXPENSES		NA	NA	NA
PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		0.612	0.608	NA
DEPRECIATION/ AMORTISATION		0.126	0.109	0.127
PROFIT/(LOSS) BEFORE TAX		0.486	0.499	(0.247)

Particulars	31.03.2013
Sales Turnover (Approximately)	15.000

The above information has been parted by Mr. Nahid Shukla (Director).

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
Net Profit Margin (PBT/Sales)	(%)	5.03	5.61	(4.29)
Return on Total Assets (PBT/Total Assets}	(%)	13.12	15.38	(7.84)
Return on Investment (ROI) (PBT/Networth)		0.81	0.85	(1.09)
Debt Equity Ratio (Total Debt /Networth)		0.76	0.84	2.01
Current Ratio (Current Asset/Current Liability)		0.13	1.07	0.93

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
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:

Particulars	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Long Term Borrowings
Other Loans and advances
Mr. Ajay Shukla	0.285	0.321
Mr. Nahid Shukla	0.170	0.170
Total	0.455	0.491

INDEX OF CHARGE:

Sr .No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	90104515	12/11/1992	69,000.00	GUJARAT STATE FINANCIAL CORP.	JALDARSHAN BUILDING, ASHRAM ROAD, AHMEDABAD, Gujarat - 380009, INDIA	-

* Date of modification charge

FINANCIAL RESULT, BUSINESS OPERATION AND DIVIDEND:

During the year, the company has achieved sales of Rs. 9.713 Millions and earned net profit of Rs. 0.486 Million after providing depreciation of Rs. 0.126 Million.

FIXED ASSETS:

· Building

· Plant and Machinery

· Furniture and Fixture

· Vehicles

· Office Equipment

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. 61.69
UK Pound	1	Rs. 98.59
Euro	1	Rs. 83.67

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
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	4
--RESERVES	1~10	3
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		29

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.