MIRA INFORM REPORT

Report Date :

18.12.2014

IDENTIFICATION DETAILS

Name :	S.Y.S INVESTMENTS AND REALTY LIMITED (w.e.f. 26.06.2013)
Formerly Known As :	S.Y.S INVESTMENTS AND REALTY PRIVATE LIMITED
Registered Office :	Flat No.201, Hanging Gardens, Road No.10, Banjara Hills, Hyderabad – 500034, Telangana
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	25.01.2006
Com. Reg. No.:	01-048883
Capital Investment / Paid-up Capital :	Rs. 2.500 Millions
CIN No.: [Company Identification No.]	U65993TG2006PLC048883
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Divulged
PAN No.: [Permanent Account No.]	Not Divulged
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing of Plastic holding company.
No. of Employees :	Not Divulged

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

Status :	Moderate
Payment Behaviour :	Slow But Correct
Litigation :	Clear
Comments :	Subject is a small company in its field having moderate track. Its scale of activities are limited. Management has reported a loss from its operations during FY 14. However, trade relations seem to be fair. Business is active. Payment terms are reported as slow but correct. The company can be considered for business dealings with 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

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 DENIED BY

Name :	Mr. P.S. Prabhakarn
Designation :	Operation Head
Contact No.:	91-9848027640
Date :	17.12.2014

LOCATIONS

Registered Office :	Flat No.201, Hanging Gardens, Road No.10, Banjara Hills, Hyderabad – 500034, Telangana, India
Tel. No.:	91-40-23770644 (Mr. P.S. Prabhakarn)
Mobile No.:	91-9848027640
Fax No.:	Not Available
E-Mail :	luharukaca@gmail.com

DIRECTORS

As on: 30.09.2014

Name :	Mr. Sajjan Dabriwal
Designation :	Director
Address :	C – 2, Lake Niew Apartments, Road No.11, Banjara Hills, Hyderabad – 500033, Telangana, India
Date of Appointment :	25.01.2006
DIN No.:	00215294
Name :	Mrs. Sarita Dabriwal
Designation :	Director
Address :	C – 2, Lake Niew Apartments, Road No.11, Banjara Hills, Hyderabad – 500033, Telangana, India
Date of Appointment :	25.01.2006
DIN No.:	01892482
Name :	Mr. Sunil Kumar Jhunjhunwala
Designation :	Director
Address :	8-2-615/A and B, Road No.11, Banjara Hills, Hyderabad – 500033, Telangana, India
Date of Birth/Age :	01.02.1977
Date of Appointment :	05.03.2012
DIN No.:	05282252

KEY EXECUTIVES

Name :	Mr. P.S. Prabhakarn
Designation :	Operation Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2014

Names of Shareholders	No. of Shares
Sajjan Dabriwal	15000
Sarita Dabriwal	15000
Yash Narayan Dabriwal	10000
Woodland Complex	10000
Brijlal Dwaraka Prasad Private Limited	10000
Development Corporation Private Limited	10000
Fizza Fivest Private Limited	20000
Wellplan Corporate Tants Fivest Private Limited	20000
Spartan Consultants Fivest Private Limited	20000
Texila Commerce Private Limited	20000
Devlok Marketing Private Limited	20000
Castrol Credit Private Limited	20000
Gunjan Agency Private Limited	20000
Goonja Trading Private Limited	20000
Angels India Private Limited	20000
Total	250000

As on: 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	84.00
Directors or relatives of Directors	16.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing of Plastic company holding.
Products :	-
Brand Names :	--
Agencies Held :	--
Exports :	Not Applicable
Imports :	Not Applicable
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

Not Divulged

Bankers :

• Bank of India, Kolkata Mid Corporate Branch, Bank of India Building, 5 B.T.M Sarani, 2^nd Floor, Kolkata – 700001, West Bengal, India
• State Bank Of Travancore, Koti, Hyderabad - 500195, Andhra Pradesh, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2014	As on 31.03.2013
Long Term Borrowing
Term Loan from Bank	2.487	4.416
Total	2.487	4.416

Auditors :
Name :	Luharuka and Associates Chartered Accountant
Address :	5-4-187/3 & 4, Soham Mansion, M. G. Road, Secunderabad – 500003, Andhra Pradesh, India
Tel. No.:	91-40-27542635/27541015
Fax No.:	91-40-27541015
E-Mail :	lahurukaca@gmail.com
PAN No.:	AAAFL6424D
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Divulged
Related Parties:	Woodland Complex Private Limited Brijlal Dwaraka Prasad Private Limited Development Corporation Limited Fiza Fivest Private Limited Wellplan Corporate Management Private Limited Sparton Consultants Private Limited Texila Commerce Private Limited Devlok Marketing Private Limited Castrol Credit Private Limited Gunjan Agencies Private Limited Goonja Trading Private Limited Angels India Private Limited

CAPITAL STRUCTURE

As on: 30.09.2014

Authorized Capital :

No. of Shares	Type	Value	Amount
250,000	Equity Shares	Rs.10/- each	Rs. 2.500 Millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
250,000	Equity Shares	Rs.10/- each	Rs. 2.500 Millions

FINANCIAL DATA

[All figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	2.500	2.500	2.500
(b) Reserves & Surplus	1.508	1.648	-0.051
(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)	4.008	4.148	2.449
(3) Non-Current Liabilities
(a) long-term borrowings	8.146	9.805	11.150
(b) Deferred tax liabilities (Net)	0.371	0.217	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)	8.517	10.022	11.150
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.350	4.280	1.009
(c) Other current liabilities	3.318	2.513	2.318
(d) Short-term provisions	0.209	0.631	0.202
Total Current Liabilities (4)	3.877	7.424	3.529
TOTAL	16.402	21.594	17.128
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	8.480	10.830	11.300
(ii) Intangible Assets	0.000	0.000	0.000
(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	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.594	0.387	0.387
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	9.074	11.217	11.687
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2.622	2.522	2.319
(c) Trade receivables	1.803	6.472	1.854
(d) Cash and cash equivalents	1.773	0.298	0.147
(e) Short-term loans and advances	0.992	0.912	0.905
(f) Other current assets	0.138	0.173	0.216
Total Current Assets	7.328	10.377	5.441
TOTAL	16.402	21.594	17.128

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	23.468	34.013	11.019
		Other Income	0.035	0.002	0.000
		TOTAL (A)	23.503	34.015	11.019
Less	EXPENSES
		Cost of Materials Consumed	17.258	23.297	9.585
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(0.113)	2.002	(2.115)
		Employees benefits expense	1.166	0.716	0.298
		Other expenses	3.304	3.582	1.476
		TOTAL (B)	21.615	29.597	9.244
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1.888	4.418	1.775
Less	FINANCIAL EXPENSES (D)		1.403	1.894	1.262
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.485	2.524	0.513
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.470	0.569	0.564
	PROFIT/LOSS BEFORE TAX (E-F) (G)		0.015	1.955	(0.051)
Less	TAX (H)		0.154	0.256	0.000
	PROFIT/LOSS AFTER TAX (G-H) (I)		(0.139)	1.699	(0.051)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1.648	(0.051)	0.000
	BALANCE CARRIED TO THE B/S		1.509	1.648	(0.051)
	Earnings Per Share (Rs.)		(0.55)	6.80	(0.21)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(0.59)	5.00	(0.46)
Operating Profit Margin (PBIDT/Sales)	(%)	8.04	12.99	16.11
Return on Total Assets (PBT/Total Assets}	(%)	0.09	9.05	(0.30)
Return on Investment (ROI) (PBT/Networth)		0.00	0.47	(0.02)
Debt Equity Ratio (Total Debt /Networth)		2.03	2.36	4.55
Current Ratio (Current Asset/Current Liability)		1.89	1.40	1.54

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	2.500	2.500	2.500
Reserves & Surplus	(0.051)	1.648	1.508
Net worth	2.449	4.148	4.008
long-term borrowings	11.150	9.805	8.146
Short term borrowings	0.000	0.000	0.000
Total borrowings	11.150	9.805	8.146
Debt/Equity ratio	4.553	2.364	2.032

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	11.019	34.013	23.468
		208.676	(31.003)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	11.019	34.013	23.468
Profit/Loss	(0.051)	1.699	(0.139)
	(0.46%)	5.00%	(0.59%)

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	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	Yes
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	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

	As on 31.03.2014 (Rs. In Millions)	As on 31.03.2013 (Rs. In Millions)
Long Term Borrowing
From Related Parties	5.659	5.389
Total	5.659	5.389

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10277702	12/02/2011	10,000,000.00	State Bank of Travancore	State Bank of Travancore, Koti, Hyderabad, Andhra Pradesh - 500195, India	B09746355

* Date of charge modification

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 records 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.63.58
UK Pound	1	Rs.99.98
Euro	1	Rs.79.39

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	SUB
Report Prepared by :	MTN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--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	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		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.