MIRA INFORM REPORT

Report Date :

23.08.2014

IDENTIFICATION DETAILS

Name :	SHRINEE AGRO PRIVATE LIMITED
Formerly Known As	SHRINEE AGRO CHEMICALS PRIVATE LIMITED
Registered Office :	1-A, Shrikrishna, Krishnakeval Nagar, Kondhwa Khurd, Pune-411048, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	30.01.2002
Com. Reg. No.:	11-136410
Capital Investment / Paid-up Capital :	Rs. 16.000 Millions
CIN No.: [Company Identification No.]	U24129PN2002PTC136410
TAN No.: [Tax Deduction & Collection Account No.]	PNES09371F
PAN No.: [Permanent Account No.]	AAGCSO160G
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Importer of Fertilizers.
No. of Employees :	4 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 59000
Status :	Moderate
Payment Behaviour :	Slow But Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The company has recorded some accumulated losses. However, trade relations are reported as fair. Business is active. Payments terms are reported to be 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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

N E W S

As per the latest IMF study, the total weigh of emerging markets in the GDP of the world on a purchasing power parity basis has seen a sizeable shift. It highlights how as against 51 % in 2005, the emerging economies now account for close to 56 % of the global purchasing power GDP as per the latest survey. And with the emerging economies growing at a faster rate than their developed counterparts, there are every possibility that the their share goes up further in the coming years.  China may surpass the US over the next few years.

Politics and economics are very intricately connected. They tend to influence each other in ways that could be very complex and far-reaching. The prospects of the India’s economy have been seriously compromised due to political corruption. High inflation, poor standard of living are to a great extent a result of rampant corruption in the country. China on the other hand, seems to be facing diametrically opposite challenge. American hedge fund manager Jim Chanos has been keenly following the political and economic development in the dragon economy and has figured out something that is quite worrying. He is of the view that the Chinese economy could be heading toward trouble on account of new Chinese President Xi Jingping’s very aggressive anti-corruption drive. Chanos believes tat many things such as apartment sales, luxury products, etc. were largely bought with dirty money. And it is now beginning to impact consumption. This may indeed be bad news for an economy that is struggling to transition from an investment-driven export-oriented economy to a domestic consumption-driven economy.

A study published by Firstpost has revealed that asset classes like real estate and equities were the biggest beneficiaries of the liberalization policies.  A firm called Ciane Analytics studied returns from assets including equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate outperformed every other asset classes during the 23-year period with an annualized return of 20 % ! Equities came in second with annualized return of 15.5 % ! However, while these returns may seem mouthwatering, the fact is that the return from equities adjusted for inflation came down to just 7.1 %.

Some brief news are as under

. R-Power to buy Jaypee’s hydro assets

. Investors await justice in NSEL case

. India seeks MFN status from Pakistan ahead of meeting

. Ukrain’s clashes with rebels hinder MH17 crash investigation

. India exploring merger of state-owned hydro PSUs

..Higher costs weigh down profit growth to slowest in 9 quarters

..Wal-Mart to expand wholesale business in India

. GMR group moves to strengthen balance sheet

. Central Bank to sell 4 % stake to Life Insurance Corporation

. Tata Chemicals plans to raise up to Rs 10000 mn.

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Yogesh Sadre
Designation :	Accountant
Contact No.:	91-20-26836538
Date :	20.08.2014

LOCATIONS

Registered Office :	1-A, Shrikrishna, Krishnakeval Nagar, Kondhwa Khurd, Pune-411048, Maharashtra, India
Tel. No.:	91-20-26833748/26836538
Fax No.:	91-20-26833750
E-Mail :	rmpl@vsnl.com
Website :	http://www.rmpl.com
Area :	2000 Sq.ft
Location :	Owned

DIRECTORS

As on 26.08.2013

Name :

Mr. Shrikant Shrikrishna Ranade

Designation :

Director

Address :

62, Shobhana, St. Patrick’s Town, Pune - 411013, Maharashtra, India

Date of Birth/Age :

06.02.1948

Date of Appointment :

30.01.2002

DIN No.:

00028240

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	U24123GA1974PTC004322	RANADEY MICRONUTRIENTS PRIVATE LIMITED	Director	13/06/1974	13/06/1974	31/10/2013	Active	NO
2	U51909GA1987PTC006119	RANADEY EXPORTS PVT LTD	Director	18/09/1987	18/09/1987	31/10/2013	Active	NO
3	U24129GA1989PTC004885	VERONIK MANUSEC PRIVATE LIMITED	Director	01/09/1990	01/09/1990	26/03/2012	Active	NO
4	U01403PN1992PLC065405	ROHANNA AGRI LIMITED.	Managing director	13/02/1992	13/02/1992	31/10/2013	Active	NO
5	U24124GA1993PTC001483	VERONIK MICRONUTRIENTS PRIVATE LIMITED	Director	07/09/2009	13/12/1993	31/10/2013	Active	NO
6	U01119GA1995PTC005112	RANADEY MICRO FERTILIZERS PRIVATE LIMITED	Director	02/06/1995	02/06/1995	-	Active	NO
7	U24244GA1995PTC001953	VERONIK BIONICS PRIVATE LIMITED	Director	16/09/2013	19/10/1995	13/06/2014	Active	NO
8	U01409GA1996PLC002044	IMT TECHNOLOGIES LIMITED	Director	20/02/1996	20/02/1996	-	Active	NO
9	U73100GA1997PTC004875	RANADEY TECH PRIVATE LIMITED	Director	26/11/1997	26/11/1997	-	Active	NO
10	U24129PN2002PTC136410	SHRINEE AGRO PRIVATE LIMITED	Director	30/01/2002	30/01/2002	-	Active	NO
11	U79140PN2002PTC017365	RANADEY PROFESSIONAL SERVICES PRIVATE LIMITED	Director	18/10/2002	18/10/2002	-	Active	NO
12	U24129PN2003PTC017716	SHASHISHANKAR MAGNESIA PRIVATE LIMITED	Director	25/02/2003	25/02/2003	-	Active	NO
13	U24129PN2006PTC128598	PRAJAKT NUTRIENTS PRIVATE LIMITED	Director	14/06/2006	14/06/2006	-	Active	NO
14	U01131KA2007PTC042225	THOGARIHUNKAL ESTATES PRIVATE LIMITED	Director	23/03/2007	23/03/2007	16/07/2008	Active	NO
15	U01131KA2007PTC042226	MANDALKHAN HIGH GROWN COFFEE PRIVATE LIMITED	Director	23/03/2007	23/03/2007	16/07/2008	Strike off	NO
16	U74999PN2007PTC130423	MANECKJI D. PETIT CONSULTANTS PRIVATE LIMITED	Director	05/07/2007	05/07/2007	-	Strike off	NO
17	U01131KA2007PTC043579	JEELAN COFFEE ESTATES PRIVATE LIMITED	Director	13/08/2007	13/08/2007	-	Active	YES
18	U01131KA2007PTC043605	RAMESH ESTATES PRIVATE LIMITED	Director	14/08/2007	14/08/2007	-	Under Process of Striking off	NO
19	U01131KA2007PTC043609	SHARON COFFEES PRIVATE LIMITED	Director	16/08/2007	16/08/2007	-	Active	YES
20	U01131KA2007PTC043703	SETHURAMAN ESTATES PRIVATE LIMITED	Director	27/08/2007	27/08/2007	-	Strike off	NO
21	U24120UP2007PTC034236	TAARAAI MICRONUTRIENTS PRIVATE LIMITED	Director	06/12/2007	06/12/2007	-	Active	NO
22	U24120CH2008PTC031203	MAALWAA MICRONUTRIENTS PRIVATE LIMITED	Director	23/04/2008	23/04/2008	-	Active	NO
23	U15490PN2008PTC132105	KRISHNA MICRONUTRIENTS PRIVATE LIMITED	Director	27/05/2008	27/05/2008	-	Active	NO
24	U15490PN2008PTC132128	MARATHA MICRONUTRIENTS PRIVATE LIMITED	Director	29/05/2008	29/05/2008	-	Active	NO
25	U24114PN2001PTC015823	PRABHAT FERTILIZERS PRIVATE LIMITED	Director	30/09/2009	25/11/2008	18/07/2013	Active	NO
26	U24117PN2004PTC019374	CYPRIUM MICRONUTRIENTS PRIVATE LIMITED	Director	30/09/2009	01/12/2008	-	Active	NO
27	U24100PN2010PTC136927	IMT AGRO PRIVATE LIMITED	Director	30/11/2011	26/07/2010	31/10/2013	Active	NO
28	U24100PN2010PTC137069	IMT MARKETING PRIVATE LIMITED	Director	24/09/2011	09/08/2010	-	Active	NO
29	U63040PN2011PTC141826	RANADEY APPARELS PRIVATE LIMITED	Director	30/12/2011	30/12/2011	-	Active	NO
30	U72200KA2011PTC059371	WAFER SPACE SEMICONDUCTOR TECHNOLOGIES PRIVATE LIMITED	Director	28/09/2012	05/05/2012	-	Active	NO
31	U24110PN2013PTC149824	FASEEMA TECHNOLOGIES PRIVATE LIMITED	Director	16/12/2013	16/12/2013	-	Active	NO

Name :

Mrs. Vasanti Shrikant Purohit

Designation :

Whole Time Director

Address :

76/21, Su-Smriti Shantishila Society, Law College Road, Pune - 411004, Maharashtra, India

Date of Birth/Age :

26.03.1967

Date of Appointment :

01.05.2011

DIN No.:

01062204

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	U01403PN1992PLC065405	ROHANNA AGRI LIMITED.	Managing director	03/06/2013	01/05/2005	-	Active	NO
2	U24129PN2002PTC136410	SHRINEE AGRO PRIVATE LIMITED	Whole-time director	01/05/2011	09/07/2005	-	Active	NO
3	U01409GA1996PLC002044	IMT TECHNOLOGIES LIMITED	Additional director	27/06/2014	27/01/2009	-	Active	NO
4	U73100GA1997PTC004875	RANADEY TECH PRIVATE LIMITED	Managing director	05/05/2012	27/01/2009	-	Active	NO
5	U24123GA1974PTC004322	RANADEY MICRONUTRIENTS PRIVATE LIMITED	Additional director	07/11/2013	24/04/2012	-	Active	NO
6	U24117PN2004PTC019374	CYPRIUM MICRONUTRIENTS PRIVATE LIMITED	Director	26/08/2013	18/06/2013	-	Active	NO
7	U24120CH2008PTC031203	MAALWAA MICRONUTRIENTS PRIVATE LIMITED	Director	01/08/2013	20/06/2013	-	Active	NO
8	U24100PN2010PTC136927	IMT AGRO PRIVATE LIMITED	Additional director	31/10/2013	31/10/2013	-	Active	NO
9	U73100PN2013PTC149918	SAMPHAL DEVELOPMENT PRIVATE LIMITED	Director	24/12/2013	24/12/2013	-	Active	NO

Name :

Dr. Sanjay Sukhdev Gund

Designation :

Whole Time Director

Address :

C/O. Rohanna Agri Limited, 1-A, Krishnakeval Nagar, Kondhwa Khurd, Pune - 411048, Maharashtra, India

Date of Birth/Age :

28.10.1976

Date of Appointment :

01.05.2011

DIN No.:

02566160

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	U24129PN2002PTC136410	SHRINEE AGRO PRIVATE LIMITED	Whole-time director	01/05/2011	02/01/2009	-	Active	NO
2	U15490PN2008PTC132128	MARATHA MICRONUTRIENTS PRIVATE LIMITED	Director	22/08/2011	09/09/2010	-	Active	NO
3	U15490PN2008PTC132105	KRISHNA MICRONUTRIENTS PRIVATE LIMITED	Director	22/08/2011	09/09/2010	03/05/2012	Active	NO

Name :

Mr. Phattesing Masalkar

Designation :

Director

Address :

A 2 – 501, Gagan Vihar, Bibwewadi, Lulla Nagar Road, Pune – 411037, Maharashtra, India

Date of Birth/Age :

02.06.1959

Date of Appointment :

26.08.2013

DIN No.:

01073286

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	U24129GA1989PTC004885	VERONIK MANUSEC PRIVATE LIMITED	Director	01/09/1990	01/09/1990	27/01/2009	Active	NO
2	U01409GA1996PLC002044	IMT TECHNOLOGIES LIMITED	Director	29/10/1999	29/10/1999	18/06/2013	Active	NO
3	U01403PN1992PLC065405	ROHANNA AGRI LIMITED.	Additional director	31/12/2013	12/07/2008	-	Active	NO
4	U01119GA1995PTC005112	RANADEY MICRO FERTILIZERS PRIVATE LIMITED	Managing director	27/01/2009	27/01/2009	-	Active	NO
5	U24124GA1993PTC001483	VERONIK MICRONUTRIENTS PRIVATE LIMITED	Director	16/09/2013	18/06/2013	12/06/2014	Active	NO
6	U24129PN2002PTC136410	SHRINEE AGRO PRIVATE LIMITED	Director	26/08/2013	18/06/2013	24/06/2014	Active	NO
7	U24117PN2004PTC019374	CYPRIUM MICRONUTRIENTS PRIVATE LIMITED	Director	26/08/2013	18/06/2013	14/06/2014	Active	NO
8	U24120CH2008PTC031203	MAALWAA MICRONUTRIENTS PRIVATE LIMITED	Director	01/08/2013	20/06/2013	27/06/2014	Active	NO
9	U73100PN2013PTC149918	SAMPHAL DEVELOPMENT PRIVATE LIMITED	Additional director	24/12/2013	24/12/2013	-	Active	NO

Name :

Mr. Madhukar Hegade

Designation :

Director

Address :

B, 208, Om Megh Sparash, Plot No. 35, 36, 37, Bibvevadi, Pune – 411037, Maharashtra, India

Date of Birth/Age :

01.06.1961

Date of Appointment :

26.08.2013

DIN No.:

01037761

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	U01403PN1992PLC065405	ROHANNA AGRI LIMITED.	Managing director	03/06/2013	01/05/2005	-	Active	NO
2	U24120UP2007PTC034236	TAARAAI MICRONUTRIENTS PRIVATE LIMITED	Director	06/12/2007	06/12/2007	18/07/2014	Active	NO
3	U74999PN2007PTC130423	MANECKJI D. PETIT CONSULTANTS PRIVATE LIMITED	Director	27/03/2009	11/02/2008	-	Strike off	NO
4	U24129PN2006PTC128598	PRAJAKT NUTRIENTS PRIVATE LIMITED	Director	30/09/2009	11/02/2008	21/05/2011	Active	NO
5	U24120CH2008PTC031203	MAALWAA MICRONUTRIENTS PRIVATE LIMITED	Director	23/04/2008	23/04/2008	13/07/2012	Active	NO
6	U15490PN2008PTC132105	KRISHNA MICRONUTRIENTS PRIVATE LIMITED	Director	27/05/2008	27/05/2008	03/05/2012	Active	NO
7	U15490PN2008PTC132128	MARATHA MICRONUTRIENTS PRIVATE LIMITED	Director	29/05/2008	29/05/2008	16/06/2012	Active	NO
8	U24117PN2004PTC019374	CYPRIUM MICRONUTRIENTS PRIVATE LIMITED	Managing director	27/01/2009	02/01/2009	14/06/2014	Active	NO
9	U01119GA1995PTC005112	RANADEY MICRO FERTILIZERS PRIVATE LIMITED	Director	16/09/2013	18/06/2013	14/06/2014	Active	NO
10	U24129PN2002PTC136410	SHRINEE AGRO PRIVATE LIMITED	Director	26/08/2013	18/06/2013	24/06/2014	Active	NO
11	U24123GA1974PTC004322	RANADEY MICRONUTRIENTS PRIVATE LIMITED	Director	16/09/2013	18/06/2013	12/06/2014	Active	NO
12	U24124GA1993PTC001483	VERONIK MICRONUTRIENTS PRIVATE LIMITED	Director	16/09/2013	18/06/2013	12/06/2014	Active	NO

Name :

Mr. Ashok Jevoor

Designation :

Director

Address :

D No. 730, F And F Block, Ganga Nagar, Kevumpu Nagar, Mysore – 571023, Karnataka, India

Date of Birth/Age :

30.06.1963

Date of Appointment :

26.08.2013

DIN No.:

01037690

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	U01119GA1995PTC005112	RANADEY MICRO FERTILIZERS PRIVATE LIMITED	Director	09/06/1999	09/06/1999	24/04/2012	Active	NO
2	U51909GA1987PTC006119	RANADEY EXPORTS PVT LTD	Managing director	27/01/2009	30/12/2004	-	Active	NO
3	U01403PN1992PLC065405	ROHANNA AGRI LIMITED.	Whole-time director	01/05/2005	01/05/2005	30/12/2008	Active	NO
4	U01409GA1996PLC002044	IMT TECHNOLOGIES LIMITED	Director	26/06/2007	26/06/2007	-	Active	NO
5	U24129PN2002PTC136410	SHRINEE AGRO PRIVATE LIMITED	Director	26/08/2013	18/06/2013	24/06/2014	Active	NO

KEY EXECUTIVES

Name :	Mr. Yogesh Sadre
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 26.08.2013

Names of Shareholders	No. of Shares
Mr. Ashok Baslingappa Jevoor	2000
Mr. Ajit Keshavrao Kulkarni	500
Mr. Jayeshkumar Navinchandra Patel	500
Mr. Makarand M. Kalyankar	500
Mrs. Madhuri Pramod Sawant	2000
Mr. Maruti Shrirang Kulkarni	250
Mr. Shantappa Yuralingappa Biradar	500
Mr. Sambhaji Kushaba Bade	500
Mr. Vishal Sudhir Shah	500
Mr. Nanaso Shankar Zakane	1000
Mrs. Anita Bhalchandra Ramdasi	2000
Ranadey Micronutrients Private Limited	30000
Rohanna Agri Limited, India	117250
Mr. Sanjay Sukhdev Gund	900
Mr. Vikas Ramrao Mirgane	250
Mr. Vishwas Ramchandra Mandhare	100
Mr. Ashok Jaywant Jagtap	250
Mr. Narendra M Patil	1000
Total	160000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	92.03
Directors or relatives of Directors	1.81
Other top fifty shareholders	6.16
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and Importer of Fertilizers.
Imports :
Products :	Fertilizer
Countries :	Netherland
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :	End Users
No. of Employees :	4 (Approximately)
Bankers :	Bank of Maharashtra, Pune, Maharashtra, India
Facilities :	--

Banking Relations :	---
Auditors :
Name :	A.P. DHAVALIKAR and COMPANY Chartered Accountant
Address :	43 / 2A / 1A, Nishigandh Apartments, Shivdarshan Vasahat, Parvati, Pune – 411009, Maharashtra, India
Tel. No.:	91-20-24213150 / 24213340
E-mail :	apdhavalikar@vsnl.com
PAN No.:	ABDPD7262K
Holding Company :	Rohanna Agri Limited

CAPITAL STRUCTURE

As on 26.08.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Shares	Rs.100/- each	Rs. 25.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
160000	Equity Shares	Rs.100/- each	Rs. 16.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	16.000	16.000	16.000
(b) Reserves & Surplus	(1.215)	(1.283)	0.293
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	14.785	14.717	16.293
(3) Non-Current Liabilities
(a) long-term borrowings	0.600	1.135	0.975
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.600	1.135	0.975
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	6.124	4.524	0.593
(c) Other current liabilities	1.250	1.286	0.320
(d) Short-term provisions	0.382	0.462	1.067
Total Current Liabilities (4)	7.756	6.272	1.980
TOTAL	23.141	22.124	19.248
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.967	1.131	0.577
(ii) Intangible Assets	0.132	0.176	0.235
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.515	0.350	1.305
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	3.603	1.174	0.000
Total Non-Current Assets	5.217	2.831	2.117
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	4.705	14.465	0.211
(c) Trade receivables	12.509	3.891	14.682
(d) Cash and cash equivalents	0.418	0.714	0.849
(e) Short-term loans and advances	0.292	0.223	1.389
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	17.924	19.293	17.131
TOTAL	23.141	22.124	19.248

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	70.000	50.000 [Due to less order]	80.000
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT BEFORE TAX		0.084	NA	NA
Less	TAX		NA	NA	NA
	PROFIT AFTER TAX		NA	(1.465)	4.232
	Earnings Per Share (Rs.)		NA	(9.15)	26.45

Particulars	31.03.2014
Sales Turnover (Approximately)	79.600

The above information has been parted by Mr. Yogesh Sadre.

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	NA	(2.93)	5.29
Net Profit Margin (PBT/Sales)	(%)	0.12	NA	NA
Return on Total Assets (PBT/Total Assets}	(%)	0.37	NA	NA
Return on Investment (ROI) (PBT/Networth)		0.01	NA	NA
Debt Equity Ratio (Total Debt /Networth)		0.04	0.08	0.06
Current Ratio (Current Asset/Current Liability)		2.31	3.08	8.65

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	16.000	16.000	16.000
Reserves & Surplus	0.293	(1.283)	(1.215)
Net worth	16.293	14.717	14.785
long-term borrowings	0.975	1.135	0.600
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.975	1.135	0.600
Debt/Equity ratio	0.060	0.077	0.041

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	80.000	50.000	70.000
		-37.500	40.000

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	Yes
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	Yes
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	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 LOAN

(Rs. In Million)

Unsecured Loan	As on 31.03.2013	As on 31.03.2012
Long term borrowing
Deposit from dealers	0.600	1.135

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

Note.: Registered office of the company has been shifted from 7/34, Thottipalayam Road, Civil Aerodrome Post Coimbatore - 641014, Tamilnadu, India, to the present address w.e.f. 22.09.2009.

BUSINESS OPERATIONS:

During the year under consideration our turnover has increased by 52% and also there was major reduction in direct and indirect expenses due to which our PBT goes to Rs. 0.084 Millions.

FIXED ASSETS

Tangible Assets

· Land

· Building

· Plant and Machinery

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Leasehold Improvements

· Computer

Intangible Assets

· Goodwill

· Brands / Trademarks

· Computer Software

· Mastheads and Publishing

· Mining Rights

· Recipes, Formulae, Models, Design and Prototypes

· Licenses and Franchise

· Copyrights, Patents and other Intellectual Property Right, Services and Operating Rights

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. 60.76
UK Pound	1	Rs. 100.72
Euro	1	Rs. 80.55

INFORMATION DETAILS

Information Gathered by :	NIN
Analysis Done by :	DIV
Report Prepared by :	KLS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	5
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	2
--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		28

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.