MIRA INFORM REPORT

Report Date :

07.04.2014

IDENTIFICATION DETAILS

Name :	VIJAY ENGIFAB INDIA PRIVATE LIMITED

Registered Office :	Gat No. 357-16/3, Waghjai Nagar, Ambethan Road, Kharabwadi, Chakan, Taluka Khed, District Pune – 410501, Maharashtra

Country :	India

Date of Incorporation :	12.03.2013

Com. Reg. No.:	11-146546

Capital Investment / Paid-up Capital :	Rs. 60.000 Millions

CIN No.: [Company Identification No.]	U28939PN2013PTC146546

TAN No.: [Tax Deduction & Collection Account No.]	PNEV10253F

PAN No.: [Permanent Account No.]	AAECV3680Q

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer of Engineer Products.

No. of Employees :	110 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Business

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a new company and establishing itself gradually. Mr. Sandip Lambe, Accounts Head has provided us with general information and he also provided us with sales turnover of Rs. 14 Crores for the year 2013-2014 which is not verified. Trade relations are improving. Business is active. Payment terms are unknown. The company can be considered for business dealings on safe and secured trade terms and conditions.

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 – December 1, 2013

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

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 for the fiscal third quarter ended September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and moderation in gold imports. Manufacturing activity and new orders in India showed their strongest growth in a year in February. The news comes as a relief after data showed Asia’s third largest economy grew by a slower-than-expected 4.7 % annually in the three months through December. The HSBC Manufacturing Purchasing Managers’ Index which gauges the business activity of India’s factories but not its’ utilities, rose to 52.5 in February, its highest in a year from 51.4 in January. Overall new orders for factory goods which rose to a one-year high of 54.9 contributed to the surge. China has emerged as India’s biggest trading partner in the current financial year replacing the United Arab Emirates and pushing it to the third spot. India-China trade has reached $49.5 billion with a 8.7 % share in India’s total trade. The US comes second at $46 billion with 8.1 % share during the first nine months of the current financial year.

The Reserve Bank of India has granted an additional nine months to the public to exchange currency notes printed before 2005 including Rs 500 and Rs 1,000 denominations, pushing the deadline to January 1, 2015. A day before dates for the Lok Sabha polls were announced, the government decided to hike interest rates on fixed deposit schemes offered by post offices up to 0.2 per cent. The new rates will be effective April, 1. The Supreme Court will resume hearing on March, 11 Nokia’s appeal against a ruling over transferring ownership of its local mobile phones plant which is the subject of a tax dispute to Microsoft Corp.

In the last days of the current Government, another scam has surfaced. The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The Central Bureau of Investigation will look into allegations that over $80 million was paid in kickbacks in a deal signed in 2011. India has asked Boeing Co. to find a solution for problems with state-owned Air India’s 787 Dreamliners. The aircraft has experienced a series of malfunctions since its debut in 2011.

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. Sandip Lambe
Designation :	Accounts Head
Contact No.:	91-9922400762
Date :	07.04.2014

LOCATIONS

Registered/ Corporate Office/ Factory 1 :	Gat No. 357-16/3, Waghjai Nagar, Ambethan Road, Kharabwadi, Chakan, Taluka Khed, District Pune – 410501, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-9922400762 (Mr. Sandip Lambe)
Fax No.:	Not Available
E-Mail :	info@vijayengifab.com accounts@vijayengifab.com sharmapanchal@gmail.com
Website :	http://www.vijayengifab.com

Factory 2 :	Gat No. 448, Nighoje, Taluka Khed, District Pune – 410501, Maharashtra, India

DIRECTORS

AS ON 17.02.2013

Name :

Mr. Vijaypal Kishorilal Sharma

Designation :

Director

Address :

At Post - Chakan, Taluka - Khed, District.- Pune – 410501, Maharashtra, India

Date of Birth/Age :

25.01.1969

Date of Appointment :

12.03.2013

DIN No.:

01430910

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	U28910PN2005PTC020385	SWASTIK STAMPING PRIVATE LIMITED	Director	09/03/2005	09/03/2005	24/12/2007	Strike off	NO
2	U45209PN2007PTC130213	SAI RAJ INFRASTRUCTURE BUILDERS PRIVATE LIMITED	Director	28/05/2007	28/05/2007	-	Active	NO
3	U28939PN2013PTC146546	VIJAY ENGIFAB INDIA PRIVATE LIMITED	Director	12/03/2013	12/03/2013	-	Active	NO

Name :

Mr. Gulshan Vijaypal Sharma

Designation :

Director

Address :

Flat No.A6/7, Vishal Garden Chakan, Shikrapur Road, Tal-Khed, District Pune, Maharashtra - 410510, India

Date of Birth/Age :

14.08.1992

Date of Appointment :

12.03.2013

DIN No.:

03304256

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	U45209PN2007PTC130213	SAI RAJ INFRASTRUCTURE BUILDERS PRIVATE LIMITED	Director	20/08/2011	03/11/2010	Active	NO
2	U28939PN2013PTC146546	VIJAY ENGIFAB INDIA PRIVATE LIMITED	Director	12/03/2013	12/03/2013	Active	NO

Name :

Mr. Gaurav Vijaypal Sharma

Designation :

Director

Address :

Flat No. 302, CTS No. 71, Prabhat Road, Lane No. 15, Erandwane, Pune - 411004, Maharashtra, India

Date of Birth/Age :

27.06.1994

Date of Appointment :

12.03.2013

DIN No.:

06515363

KEY EXECUTIVES

Name :	Mr. Sandip Lambe
Designation :	Accounts Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 17.02.2013

Names of Shareholders	No. of Shares	Percentage of Holding
Vijaypal Kishorilal Sharma	456000	76.00
Gulshan Vijaypal Sharma	72000	12.00
Gaurav Vijaypal Sharma	72000	12.00

Total	600000	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Engineer Products.

Imports :
Products :	Machinery Parts
Countries :	v Germany

Terms :
Selling :	Cheque

Purchasing :	Cheque

GENERAL INFORMATION

Suppliers :	Orbit Ayas Private Limited

Customers :	Others v Engimetal Solar India Private Limited

No. of Employees :	110 (Approximately)

Bankers :	v Punjab National Bank Chakan, Pune, Maharashtra, India


Banking Relations :	--

Auditors :
Name :	Choughule Ranade and Associates Chartered Accountants

Associates/Subsidiaries :	Sairaj Infrastructure

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount

1,000,000	Equity Shares	Rs. 100/- each	Rs. 100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

600,000	Equity Shares	Rs. 100/- each	Rs. 60.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

Particulars

31.03.2014

Sales Turnover (Approximately)

140.000

The above information has been parted by Mr. Sandip Lambe (Accounts Head)

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 one year	Yes
12]	Profitability for last one year	No
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	Yes
18]	Major customers	Yes
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	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

TRADE REFERENCES

v Orbit Ayas Private Limited

v Engimetal Solar India Private Limited

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 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. 60.32
UK Pound	1	Rs. 100.04
Euro	1	Rs. 82.65

INFORMATION DETAILS

Information Gathered by :	HTL

Analysis Done by :	RAS

Report Prepared by :	BVA

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.