MIRA INFORM REPORT

Report Date :

28.10.2013

IDENTIFICATION DETAILS

Name :	NASAN GARMENTS PRIVATE LIMITED

Registered Office :	Basement, Khasra No. 1193/2-P and 1194-P Behrampur Road Village Khandsa Gurgaon – 122001, Haryana

Country :	India

Date of Incorporation :	29.04.2011

Com. Reg. No.:	05-042802

Capital Investment / Paid-up Capital :	Rs. 0.100 Million

CIN No.: [Company Identification No.]	U51909HR2011PTC042802

Legal Form :	Private Limited Liability Company

Line of Business :	Exporter and Importer of Garments, Made from Hosiery, Cotton, Wool, Silk, Mixed Fabrics, Synthetic Fabrics Including Ladies Dresses, Children Dresses Jeans, etc.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a relatively new company having moderate track record. Management of the company has failed to file its financials of 2012 with government department. 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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India’s current account deficit or CAD in April-June widened to 4.9 % of gross domestic product. High imports of gold and oil led to a worsening of the traqde deficit, resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in the corresponding quarter of the previous financial year. The government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2 billion in 2012/13.

The finance ministry has started preparations for Budget 2014/15. With general elections scheduled to be held by May next year, there will only be an interim budget. The new government will present the fiscal Budget.

The Supreme Court has barred clinical trials for new drugs till a monitoring mechanism is put in place to protect the lives of people on which the drugs are tested.

Mumbai has been named the world’s second most honest city according to a survey on 15 cities worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top spot for the world’s most honest city while Lisbon, the capital of Portugal, proved to be the least honest. The survey put hundreds of people to test in four continents to find out just how honest they were by dropping wallets and seeing how many would be returned.

3.7 % Growth of the core sector in August, a seven month high. This takes the overall growth in April-August this year to 2.3 % compared with 6.3 % in the corresponding period next financial year.

$19 million Estimated average spending by companies across the globe including India, on social media this year, according to a global study by information technology major Tata Consultancy Services. This will rise to $ 24 million in 2015.

Rising inflation, fewer employment avenues and dwindling earnings are taking a toll on the spending capacity in India. Over 72 % respondents from middle and lower middle income families would be forced to slash their Diwali expenditure by 40 % and on average spend nearly 25 % of their monthly salary on Diwali, according to a survey by Assochem.

Analysts believe the shutdown of the US government would have limited impact in sectors such as IT or tourism that are dependent on Visa clearances.

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 :	Basement, Khasra No. 1193/2-P and 1194-P Behrampur Road Village Khandsa Gurgaon – 122001, Haryana, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	ankur.jain@genesiscolors.net

DIRECTORS

As on: 15.04.2011

Name :

Mr. Sanjay Suraj Kapoor

Father Name:

Mr. Suraj Prakash Kapoor

Designation :

Director

Address :

8/1, 1^st Floor, Shanti Nikatan, New Delhi – 110011, India

Date of Birth/Age :

28.10.1967

Date of Appointment :

13.06.2011

DIN No.:

00264602

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	U74899DL1992PTC049569	GENESIS OVERSEAS PRIVATE LIMITED	Director	15/07/1992	15/07/1992	-	Active	NO
2	U74899DL1995PTC069258	A V ESTATES PRIVATE LIMITED	Director	21/01/1996	21/01/1996	03/11/2008	Active	NO
3	U70101DL1996PTC079720	S.N.K. REALTORS PRIVATE LIMITED	Director	17/06/1996	17/06/1996	-	Active	NO
4	U51311DL1998PTC097184	GENESIS COLORS PRIVATE LIMITED	Managing director	23/11/1998	23/11/1998	-	Active	NO
5	U74300DL2001PTC112677	P R VISION PRIVATE LIMITED	Director	05/10/2001	05/10/2001	-	Strike off	NO
6	U74140DL2005PTC136906	EFFACTOR EVENTS PRIVATE LIMITED	Director	31/05/2005	31/05/2005	-	Active	NO
7	U18101DL2005PTC137267	GEE DESIGN PRIVATE LIMITED	Director	06/06/2005	06/06/2005	08/10/2007	Active	YES
8	U51311DL2005PTC140296	SANJANA JON COUTURE PRIVATE LIMITED	Director	02/09/2005	02/09/2005	-	Strike off	NO
9	U74999DL2007PTC159733	GENESIS LIFE STYLE EVENTS PRIVATE LIMITED	Director	26/02/2007	26/02/2007	27/03/2012	Active	NO
10	U74994DL2007PTC168462	GENESIS LUXURY FASHION PRIVATE LIMITED	Managing director	01/01/2010	20/09/2007	-	Active	NO
11	U52100DL2010FTC197874	BURBERRY INDIA PRIVATE LIMITED	Director	12/01/2010	12/01/2010	-	Active	NO
12	U51909HR2011PTC042802	NASAN GARMENTS PRIVATE LIMITED	Director	13/06/2011	13/06/2011	-	Active	NO
13	U51109DL2012PTC233712	GENESIS LA MODE PRIVATE LIMITED	Director	30/03/2012	30/03/2012	-	Active	NO
14	U51391DL2012PTC235298	GLB BODY CARE PRIVATE LIMITED	Director	04/05/2012	04/05/2012	-	Active	NO
15	U52590DL2012FTC232412	CANALI INDIA PRIVATE LIMITED	Director	04/09/2013	09/06/2012	-	Active	NO
16	U51494HR2012PTC047914	GML INDIA FASHION PRIVATE LIMITED	Director	14/12/2012	14/12/2012	-	Active	NO

Name :

Mrs. Nasib Sanjay Kapoor

Father Name:

Mr. Daljit Singh Bawa

Designation :

Director

Address :

8/1, 1^st Floor, Shanti Nikatan, New Delhi – 110011, India

Date of Birth/Age :

20.09.1967

Date of Appointment :

13.06.2011

DIN No.:

00903970

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	U70101DL1996PTC079720	S.N.K. REALTORS PRIVATE LIMITED	Director	17/06/1996	17/06/1996	-	Active	NO
2	U72900DL2000PTC106625	VIRTUAL XPORT GATEWAY PRIVATE LIMITED	Director	01/11/2006	01/11/2006	-	Active	NO
3	U74899DL1992PTC049569	GENESIS OVERSEAS PRIVATE LIMITED	Director	01/04/2011	01/04/2011	-	Active	NO
4	U51909HR2011PTC042802	NASAN GARMENTS PRIVATE LIMITED	Director	13/06/2011	13/06/2011	-	Active	NO
5	U74999DL2007PTC159733	GENESIS LIFE STYLE EVENTS PRIVATE LIMITED	Director	29/09/2012	20/03/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 15.04.2011

Names of Shareholders		No. of Shares
Sanjay Suraj Kapoor, 8/1, 1^st Floor, Shanti Nikatan, New Delhi – 110011, India		5100
Nasib Daljit Kapoor, 8/1, 1^st Floor, Shanti Nikatan, New Delhi – 110011, India		4900

Total		10000

BUSINESS DETAILS

Line of Business :

Exporter and Importer of Garments, Made from Hosiery, Cotton, Wool, Silk, Mixed Fabrics, Synthetic Fabrics Including Ladies Dresses, Children Dresses Jeans, etc.

GENERAL INFORMATION

No. of Employees :	Not Available

Bankers :	Not Available


Banking Relations :	--

Auditors :
Name :	Sunita Maheshwari and Company Chartered Accountants
Address :	UGF-7, Block-A, Omaxe GGn Mall, Sohna Road, Gurgaon, Haryana, India

CAPITAL STRUCTURE

As on: 15.04.2011

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]

NOT AVAILABLE

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 three years	No
12]	Profitability for last three years	No
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	No
24]	Banking facility details	No
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	No
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

Note:

The Registered Office of the company has been shifted from MF 34, Eldeco Mansionz, Sohna Road, Gurgaon – 122001, Haryana, India to the present address w.e.f. 28.122012.

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. 61.62
UK Pound	1	Rs. 99.93
Euro	1	Rs. 85.62

INFORMATION DETAILS

Report Prepared by :

DPH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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.

MIRA INFORM REPORT

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