MIRA INFORM REPORT

Report Date :

24.12.2014

IDENTIFICATION DETAILS

Name :	HAZEL MERCANTILE LIMITED (w.e.f. 09.03.1999)
Formerly Known As :	HAZEL MERCANTILE PRIVATE LIMITED
Registered Office :	181, Ashoka Shopping Centre, 2^nd Floor, G.T. Hospital Complex, L.T. Road, Mumbai – 400 001, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	16.10.1995
Com. Reg. No.:	11-093674
Capital Investment / Paid-up Capital :	Rs.324.960 Millions
CIN No.: [Company Identification No.]	U51900MH1995PLC093674
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMH05177E / MUMH04309E
PAN No.: [Permanent Account No.]	AAACH2671K
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the business of Imports, Exports, Trading and Distribution of Chemicals, Metals, Sheets, Paper, Pharmaceutical Products, Paper Products, Natural Rubber, Chemicals, Computer Software Development and Electricity Generation etc.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 17000000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Exist
Comments :	Subject is an established company having satisfactory track. As per Registrar of the companies the date of balance sheet i.e., Financials filed is shown as 31^st March, 2014 but the documents related to the financials for the year 2014 are not available from any sources. As per available financial of 2013, The company has incurred a loss from its operation. However, Networth of the company seems to be strong. The rating also takes into consideration extensive experience of the promoter in the trading industry and strong relationship with customers and suppliers. Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual 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 – 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	CRISIL
Rating	Long Term Bank Facilities=A
Rating Explanation	Have adequate degree of safety and carry low credit risk.
Date	22.12.2014

Rating Agency Name	CARE
Rating	Short Term Bank Facilities=A1
Rating Explanation	Have very strong degree of safety and carry lowest credit risk.
Date	22.12.2014

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. Satish
Designation :	Senior Manager – Finance
Contact No.:	91-22-22824444
Date :	23.12.2014

LOCATIONS

Registered Office :	181, Ashoka Shopping Centre, 2^nd Floor, G.T. Hospital Complex, L.T. Road, Mumbai – 400001, Maharashtra, India
Tel. No.:	91-22-22610282 / 43512000
Fax No.:	91-22-22620553
E-Mail :	ashok@hmlindia.com nikunj.s@hmlindia.com corp@hmlindia.com admin@hmlindia.com regd@hmlindia.com regd@groupeveritas.com
Website :	http://www.hmlindia.com http://www.groupeveritas.com
Location :	Owned
Head Office :	Office No.4, 1^st Floor, Naitik Gandhidham Unas Association, Police Station Road, Gandhidham, Gujarat, India
Tel. No.:	91-283-6229548
Corporate Office :	701/712A, Embassy Centre, Nariman Point, Mumbai – 400021, Maharashtra, India
Tel. No.:	91-22-22824444/ 33554444/ 40098900
Fax No.:	91-22-22824440/ 22041411
E-Mail :	corp@hmlindia.com
Marketing Office :	1410, Maker Chambers V, Nariman Point, Mumbai – 400021, Maharashtra, India
Tel. No.:	91-22-22832170 (5 Lines)
Fax No.:	91-22-22821605
E-Mail :	mktg@hmlindia.com
Branch Office 1 :	SEZ Office: Shed No.250, sector III, KSEZ, Kandla, Gandhidham, Gujarat, India
E-Mail :	hazelmercantile@hotmail.com
Branch Office :	Also located at: · Delhi · Kolkata · Visakhapatnam

DIRECTORS

AS ON 28.09.2013

Name :

Mr. Nitin Kumar Deendayal Didwania

Designation :

Managing Director

Address :

172, Kshitij, 47, Napeansea Road, Mumbai – 400 036, Maharashtra, India

Date of Birth/Age :

23.06.1974

Qualification :

M.Com

Date of Appointment :

01.04.2012

PAN No.:

AACPD7055J

DIN No.:

00210289

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	U99999MH1994PTC082808	VERITAS PROPERTIES PRIVATE LIMITED	Director	11-11-94	11-11-94	-	Active	NO
2	U65990MH1994PLC082813	VERITAS INVESTMENTS LIMITED	Director	11-11-94	11-11-94	30-05-14	Active	NO
3	U65990MH1995PTC095594	REVIVE SECURITIES PRIVATE LIMITED	Director	12-02-96	12-02-96	-	Active	NO
4	U65900MH1996PLC099279	INDIA FINTRADE LIMITED	Director	21-05-96	21-05-96	-	Active	NO
5	U51900MH1995PLC093674	HAZEL MERCANTILE LIMITED	Managing director	01-04-12	01-04-97	-	Active	NO
6	U51900MH1996PTC104099	SANMAN TRADE IMPEX PRIVATE LIMITED	Director	12-04-99	12-04-99	-	Active	NO
7	U67120MH1996PTC097863	PRICELESS INVESTRADE PRIVATE LIMITED	Director	12-04-99	12-04-99	-	Active	NO
8	U65990MH1996PTC102669	TRIDENT FINTRADE PRIVATE LIMITED	Director	02-04-01	02-04-01	30-05-14	Active	NO
9	U51900MH1996PTC104063	EBEN TRADE IMPEX PRIVATE LIMITED	Director	01-08-01	01-08-01	-	Active	NO
10	U32303MH1990PTC055793	RHYTHM CREATORS PRIVATE LIMITED	Director	12-05-03	12-05-03	30-05-14	Active	NO
11	U51909MH2004PTC145098	PRAKRUTI IMPORT EXPORT PRIVATE LIMITED	Director	16-03-04	16-03-04	30-05-14	Active	NO
12	U51390MH2004PTC145298	EFFIN IMPORT EXPORT PRIVATE LIMITED	Director	24-03-04	24-03-04	30-05-14	Active	NO
13	U72900MH2004PLC146236	HAZEL INFOTECH LIMITED	Director	12-05-04	12-05-04	-	Amalgamated	NO
14	U51909MH2005PTC154481	ASPEN INTERNATIONAL PRIVATE LIMITED	Director	05-07-05	05-07-05	-	Active	NO
15	U70100MH2005PTC151367	GRACIOUS REAL ESTATES PRIVATE LIMITED	Additional director	12-06-14	05-08-05	-	Active	NO
16	U70100MH2005PTC151379	AVID PROPERTIES PRIVATE LIMITED	Director	05-08-05	05-08-05	30-05-14	Active	NO
17	U51420MH2005PTC156446	HAZEL METALS AND MINERALS PRIVATE LIMITED	Director	29-09-05	29-09-05	-	Amalgamated	NO
18	U51909MH2005PTC151378	CLAIRVOYANT TRADE IMPEX PRIVATE LIMITED	Director	28-10-05	28-10-05	30-05-14	Active	NO
19	U65990MH1996PTC103255	VERTEX FINTRADE PRIVATE LIMITED	Director	31-03-06	31-03-06	27-04-07	Active	NO
20	U63090MH2006PTC161463	HAZEL LOGISTICS PRIVATE LIMITED	Director	28-04-06	28-04-06	-	Active	NO
21	U51909MH2006PTC161459	SHIMMER TRADE IMPEX PRIVATE LIMITED	Director	28-04-06	28-04-06	-	Active	NO
22	U70100MH2006PTC161465	SEARS REAL ESTATES PRIVATE LIMITED	Director	28-04-06	28-04-06	-	Active	NO
23	U51909MH2006PTC161460	COUNTY TRADE IMPEX PRIVATE LIMITED	Director	28-04-06	28-04-06	30-05-14	Active	NO
24	U51909MH2006PTC161464	MATIN EXIM PRIVATE LIMITED	Director	28-04-06	28-04-06	30-05-14	Active	NO
25	U70100MH2006PTC161461	UDESHYA PROPERTIES PRIVATE LIMITED	Director	28-04-06	28-04-06	04-01-12	Active	NO
26	U23209MH2006PLC166626	BIOFUELS (VERITAS) LIMITED	Director	29-12-06	29-12-06	-	Active	NO
27	U45200MH2007PTC167839	VERITAS INFRASTRUCTURE DEVELOPMENT LIMITED	Director	13-02-07	13-02-07	-	Active	NO
28	U01403MH2007PTC168117	VERITAS AGRO VENTURES PRIVATE LIMITED	Director	24-02-07	24-02-07	-	Amalgamated	NO
29	L23209MH1985PLC035702	VERITAS (INDIA) LIMITED	Director	05-12-07	05-12-07	-	Active	NO
30	U67190MH1996PTC103717	ARISTO FINCAP PRIVATE LIMITED	Additional director	01-02-08	01-02-08	-	Active	NO
31	U51109MH2008PLC182189	GROUPE VERITAS LIMITED	Director	14-05-08	14-05-08	-	Active	NO
32	U45202MH2008PLC182355	HAZEL INFRA LIMITED	Director	17-05-08	17-05-08	-	Active	NO
33	U51909MH2005PTC151366	DIVA TRADE IMPEX PRIVATE LIMITED	Additional director	20-02-10	20-02-10	-	Active	NO
34	U52390MH2009PTC192131	ONTIME TRADE IMPEX PRIVATE LIMITED	Additional director	17-03-10	17-03-10	-	Active	NO
35	U51909WB2009PTC135084	TITLY BARTER PRIVATE LIMITED	Additional director	19-07-10	19-07-10	-	Active	NO
36	U51909MH2005PTC152105	ASTER IMPEX PRIVATE LIMITED	Additional director	23-07-10	23-07-10	-	Active	NO
37	U55101MH2007PTC170599	NERINE RESORT PRIVATE LIMITED	Director	11-09-10	11-09-10	-	Active	NO
38	U01403MH2010PTC209773	SAINATH AGRICULTURE PRIVATE LIMITED	Director	03-11-10	03-11-10	-	Active	NO
39	U01403MH2010PTC209989	BHUMIPUTRA AGRO PRIVATE LIMITED	Director	12-11-10	12-11-10	-	Active	NO
40	U70102MH2010PTC210721	KAMYAB PROPERTIES PRIVATE LIMITED	Director	07-12-10	07-12-10	-	Active	NO
41	U45202MH2010PTC210683	AAFREEN PROPERTIES PRIVATE LIMITED	Director	07-12-10	07-12-10	17-03-12	Active	NO
42	U01403MH2010PTC210812	VISHWA AGRICULTURE PRIVATE LIMITED	Director	08-12-10	08-12-10	-	Active	NO
43	U01403MH2010PTC210809	ZAMEEN AGRO PRIVATE LIMITED	Director	08-12-10	08-12-10	-	Active	NO
44	U01403MH2010PTC210804	KUDRAT FARMING PRIVATE LIMITED	Director	08-12-10	08-12-10	-	Active	NO
45	U01403MH2010PTC211346	SHUBH LABH AGRICULTURE PRIVATE LIMITED	Director	24-12-10	24-12-10	-	Active	NO
46	U45202MH2011PTC211769	AFFLUENT PROPERTIES PRIVATE LIMITED	Director	03-01-11	03-01-11	-	Active	NO
47	U45400MH2011PTC211767	GLISTENING PROPERTIES PRIVATE LIMITED	Director	03-01-11	03-01-11	-	Active	NO
48	U01403MH2011PTC212396	VERITAS AGRO VENTURES PRIVATE LIMITED	Director	17-01-11	17-01-11	-	Active	NO
49	U01404MH2011PTC212659	BEST FARMING PRIVATE LIMITED	Director	22-01-11	22-01-11	-	Active	NO
50	U01403MH2011PTC212664	BHOOMI FARMING PRIVATE LIMITED	Director	24-01-11	24-01-11	-	Active	NO
51	U01403MH2011PTC212691	FASAL FARMING PRIVATE LIMITED	Director	25-01-11	25-01-11	-	Active	NO
52	U01122MH2011PTC212914	MOTHER NATURE AGRICOM PRIVATE LIMITED	Director	01-02-11	01-02-11	-	Active	NO
53	U01403MH2011PTC212913	KAMYAB FARMS PRIVATE LIMITED	Director	01-02-11	01-02-11	-	Active	NO
54	U01403MH2011PTC212909	GOLDEN ARROW AGRO PRIVATE LIMITED	Director	01-02-11	01-02-11	-	Active	NO
55	U01500MH2011PTC212872	DHARNIDHAR AGRICULTURE PRIVATE LIMITED	Director	01-02-11	01-02-11	-	Active	NO
56	U01500MH2011PTC212869	HARYALI FARMING PRIVATE LIMITED	Director	01-02-11	01-02-11	-	Active	NO
57	U51909MH2011PTC213132	TRITON INTERNATIONAL PRIVATE LIMITED	Director	07-02-11	07-02-11	04-01-12	Active	NO
58	U01403MH2011PTC213150	GOLDCROP AGRO PRIVATE LIMITED	Director	07-02-11	07-02-11	-	Active	NO
59	U70109MH2011PTC213831	VERITAS HOUSING DEVELOPMENT PRIVATE LIMITED	Director	21-02-11	21-02-11	-	Active	NO
60	U01403MH2011PTC215010	DHARNI FARMING PRIVATE LIMITED	Director	19-03-11	19-03-11	-	Active	NO
61	U01403MH2011PTC215009	KRUSHI FARMING PRIVATE LIMITED	Director	19-03-11	19-03-11	-	Active	NO
62	U01403MH2011PTC216554	DHARA FARMING PRIVATE LIMITED	Director	21-04-11	21-04-11	-	Active	NO
63	U70102MH2011PTC219072	VERITAS HABITATS PRIVATE LIMITED	Director	24-06-11	24-06-11	-	Active	NO
64	U65900MH2011PTC224947	SANCHAY INVESTMENTS PRIVATE LIMITED	Director	14-12-11	14-12-11	-	Active	NO
65	U74900MH2014PTC253249	GOODVALUE INFORMATICS SOLUTIONS PRIVATE LIMITED	Director	13-02-14	13-02-14	-	Amalgamated	NO
66	AAB-0996	VENTURE TRADE IMPEX LLP	Body corporate as Designated Partner	03-09-12	03-09-12	-	Active	NO

Name :

Mrs. Sushmadevi Deendayal Didwania

Designation :

Director

Address :

172, Kshitij, 47, Napeansea Road, Mumbai – 400 036, Maharashtra, India

Date of Birth/Age :

30.09.1955

Qualification :

B.Com

Date of Appointment :

01.04.1997

DIN No.:

00210240

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	U65990MH1994PLC082813	VERITAS INVESTMENTS LIMITED	Director	11-11-94	11-11-94	30-05-14	Active	NO
2	U99999MH1994PTC082808	VERITAS PROPERTIES PRIVATE LIMITED	Director	11-11-94	11-11-94	-	Active	NO
3	U65990MH1995PTC095594	REVIVE SECURITIES PRIVATE LIMITED	Director	12-02-96	12-02-96	-	Active	NO
4	U51900MH1995PLC093674	HAZEL MERCANTILE LIMITED	Director	01-04-97	01-04-97	-	Active	NO
5	U65900MH1996PLC099279	INDIA FINTRADE LIMITED	Director	15-12-97	15-12-97	-	Active	NO
6	U51900MH1996PTC104099	SANMAN TRADE IMPEX PRIVATE LIMITED	Director	12-04-99	12-04-99	-	Active	NO
7	U67120MH1996PTC097863	PRICELESS INVESTRADE PRIVATE LIMITED	Director	12-04-99	12-04-99	-	Active	NO
8	U65990MH1996PTC102669	TRIDENT FINTRADE PRIVATE LIMITED	Director	02-04-01	02-04-01	30-05-14	Active	NO
9	U51900MH1996PTC104063	EBEN TRADE IMPEX PRIVATE LIMITED	Director	01-08-01	01-08-01	-	Active	NO
10	U32303MH1990PTC055793	RHYTHM CREATORS PRIVATE LIMITED	Director	12-05-03	12-05-03	-	Active	NO
11	U51909MH2005PTC151378	CLAIRVOYANT TRADE IMPEX PRIVATE LIMITED	Director	28-10-05	28-10-05	30-05-14	Active	NO
12	U51909MH2006PTC161460	COUNTY TRADE IMPEX PRIVATE LIMITED	Director	28-04-06	28-04-06	-	Active	NO
13	U63090MH2006PTC161463	HAZEL LOGISTICS PRIVATE LIMITED	Director	28-04-06	28-04-06	-	Active	NO
14	U51909MH2006PTC161459	SHIMMER TRADE IMPEX PRIVATE LIMITED	Director	28-04-06	28-04-06	-	Active	NO
15	U51909MH2006PTC161464	MATIN EXIM PRIVATE LIMITED	Director	28-04-06	28-04-06	-	Active	NO
16	U70100MH2006PTC161465	SEARS REAL ESTATES PRIVATE LIMITED	Director	28-04-06	28-04-06	-	Active	NO
17	U01403MH2007PTC168117	VERITAS AGRO VENTURES PRIVATE LIMITED	Director	24-02-07	24-02-07	-	Amalgamated	NO
18	U45202MH2011PTC211769	AFFLUENT PROPERTIES PRIVATE LIMITED	Director	03-01-11	03-01-11	-	Active	NO
19	U45400MH2011PTC211767	GLISTENING PROPERTIES PRIVATE LIMITED	Director	03-01-11	03-01-11	-	Active	NO
20	U74900MH2014PTC253249	GOODVALUE INFORMATICS SOLUTIONS PRIVATE LIMITED	Director	13-02-14	13-02-14	-	Amalgamated	NO

Name :

Mr. Saurabh Dipak Sanghvi

Designation :

Director

Address :

66, Kamal Building, 69, Walkeshwar Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

05.08.1974

Date of Appointment :

28.09.2012

DIN No.:

02000411

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	L23209MH1985PLC035702	VERITAS (INDIA) LIMITED	Whole-time director	18-01-12	05-12-07	-	Active	NO
2	U23209MH2006PLC166626	BIOFUELS (VERITAS) LIMITED	Additional director	02-12-11	02-12-11	-	Active	NO
3	U51909MH2011PTC213132	TRITON INTERNATIONAL PRIVATE LIMITED	Additional director	02-12-11	02-12-11	03-12-11	Active	NO
4	U70100MH2005PTC151379	AVID PROPERTIES PRIVATE LIMITED	Additional director	02-12-11	02-12-11	30-05-14	Active	NO
5	U65920MH1996PTC102312	AKSHATA FINTRADE PRIVATE LIMITED	Additional director	02-12-11	02-12-11	30-05-14	Active	NO
6	U65990MH1994PLC082813	VERITAS INVESTMENTS LIMITED	Additional director	02-12-11	02-12-11	30-05-14	Active	NO
7	U51909MH2004PTC145098	PRAKRUTI IMPORT EXPORT PRIVATE LIMITED	Additional director	02-12-11	02-12-11	30-05-14	Active	NO
8	U70100MH2005PTC151367	GRACIOUS REAL ESTATES PRIVATE LIMITED	Additional director	02-12-11	02-12-11	30-05-14	Active	NO
9	U51390MH2004PTC145298	EFFIN IMPORT EXPORT PRIVATE LIMITED	Additional director	02-12-11	02-12-11	30-05-14	Active	NO
10	U65900MH1996PLC099279	INDIA FINTRADE LIMITED	Additional director	02-12-11	02-12-11	-	Active	NO
11	U70109MH2011PTC213831	VERITAS HOUSING DEVELOPMENT PRIVATE LIMITED	Additional director	02-12-11	02-12-11	-	Active	NO
12	U65990MH1995PTC095594	REVIVE SECURITIES PRIVATE LIMITED	Additional director	02-12-11	02-12-11	-	Active	NO
13	U67120MH1996PTC097863	PRICELESS INVESTRADE PRIVATE LIMITED	Additional director	02-12-11	02-12-11	-	Active	NO
14	U51909WB2009PTC135084	TITLY BARTER PRIVATE LIMITED	Additional director	02-12-11	02-12-11	-	Active	NO
15	U45200MH2007PTC167839	VERITAS INFRASTRUCTURE DEVELOPMENT LIMITED	Additional director	02-12-11	02-12-11	-	Active	NO
16	U01403MH2007PTC168117	VERITAS AGRO VENTURES PRIVATE LIMITED	Additional director	02-12-11	02-12-11	-	Amalgamated	NO
17	U24110MH1994PTC076617	NEOLITE POLYMER INDUSTRIES P.LTD.	Additional director	02-12-11	02-12-11	-	Active	NO
18	U45202MH2008PLC182355	HAZEL INFRA LIMITED	Additional director	02-12-11	02-12-11	-	Active	NO
19	U51109MH2008PLC182189	GROUPE VERITAS LIMITED	Additional director	02-12-11	02-12-11	-	Active	NO
20	U51909MH2005PTC154481	ASPEN INTERNATIONAL PRIVATE LIMITED	Director	28-09-12	02-12-11	-	Active	NO
21	U51900MH1996PTC104099	SANMAN TRADE IMPEX PRIVATE LIMITED	Director	28-09-12	02-12-11	-	Active	NO
22	U51900MH1995PLC093674	HAZEL MERCANTILE LIMITED	Director	28-09-12	02-12-11	-	Active	NO
23	U74900MH2014PTC253249	GOODVALUE INFORMATICS SOLUTIONS PRIVATE LIMITED	Director	13-02-14	13-02-14	-	Amalgamated	NO
24	AAB-0996	VENTURE TRADE IMPEX LLP	Body corporate as Designated Partner	03-09-12	03-09-12	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ashok Thakurdas Khemchandani
Designation :	Secretary
Address :	F-124, Anjali Apartments, Vaswani Marg, Seven Bungalows, Andheri (West), Mumbai – 400 061, Maharashtra, India
Date of Birth/Age :	18.08.1956
Date of Appointment :	05.01.2005
PAN No.:	AFUPK6931R

MAJOR SHAREHOLDERS

AS ON 28.09.2013

Names of Shareholders	No. of Shares
Nitin Kumar Deendayal Didwania	32479300
Sushmadevi Deendayal Didwania	900
Vishal Veersingh Sukhani	4600
Ajay Jain	200
Yash Gala	200
Sourabh Sanghvi	200
Sanjay Busa	2800
Girish Zaveri	2600
Ashok Khemchandani	2600
Ashwin Gandhi	2600
Total	32496000

Equity Share Break up (Percentage of Total Equity)

AS ON 28.09.2013

Category	Percentage
Directors or relatives of Directors	99.95
Other top fifty shareholders	0.05
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of Imports, Exports, Trading and Distribution of Chemicals, Metals, Sheets, Paper, Pharmaceutical Products, Paper Products, Natural Rubber, Chemicals, Computer Software Development and Electricity Generation etc.
Products/ Services :	· Paints and Coatings · Paper and Packaging · Textile · Surfactants and Detergents · Pharmaceutical · Photography and Imaging · Tyres · Pipes · Polymer · Metals · Electricity Generation
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Not Divulged

Customers :

Not Divulged

No. of Employees :

Information declined by the management.

Bankers :

· Punjab National Bank (Lead Bank), Foreshore Road Branch, Raheja Chambers, Nariman Point, Mumbai – 400021, Maharashtra, India

· State Bank of India, Commercial Branch, N.G.N. Vaidya Marg, Bank Street, Horniman Circle, Fort, Post Box-10141, Mumbai – 400001, Maharashtra, India

· IDBI Bank Limited, Cuff Parade, Mumbai – 400005, Maharashtra, India

· Union Bank of India, Mumbai, Maharashtra, India

Facilities :

SECURED LOANS

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Loans repayable on demand	19.973	26.098
Short Term Borrowings
Loans repayable on demand from banks	1035.129	660.699
Total	1055.102	686.797

Banking Relations :	--
Auditors :
Name :	Shabbir S. Bagasrawala Chartered Accountants
Address :	Office No.8, 1^st Floor, Narayan Niwas, 63, Aarey Road, Goregaon (West), Mumbai – 400062, Maharashtra, India
Tel. No.:	91-22-28739939
PAN No.:	AACFS5834Q
Membership :	--
Subsidiary Companies :	· Hazel Middle East FZE – Dubai · HML Europe BV – Netherlands · HML PTE Limited – Singapore
Enterprise over which Key Managerial Personnel are able to exercise significant influence :	· Veritas Investment Limited · Veritas Properties Limited

CAPITAL STRUCTURE

AS ON 28.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
50100000	Equity Shares	Rs.10/- each	Rs.501.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
32496000	Equity Shares	Rs.10/- each	Rs.324.960 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	324.960	300.000	150.000
(b) Reserves & Surplus	5763.188	2446.064	2006.450
(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)	6088.148	2746.064	2156.450
(3) Non-Current Liabilities
(a) Long-term borrowings	19.973	26.098	32.141
(b) Deferred tax liabilities (Net)	47.290	44.258	47.444
(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)	67.263	70.356	79.585
(4) Current Liabilities
(a) Short term borrowings	1158.051	661.699	673.240
(b) Trade payables	6968.862	5421.250	4420.559
(c) Other current liabilities	84.955	271.877	93.027
(d) Short-term provisions	12.204	0.000	0.000
Total Current Liabilities (4)	8224.072	6354.826	5186.826
TOTAL	14379.483	9171.246	7422.861
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	185.555	173.011	161.429
(ii) Intangible Assets	2795.004	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	346.126	205.803	67.761
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	140.291	133.190
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	3326.685	519.105	362.380
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2,754.858	2173.670	1806.243
(c) Trade receivables	7,169.997	5591.702	4308.419
(d) Cash and cash equivalents	656.095	427.161	553.798
(e) Short-term loans and advances	471.848	459.608	391.455
(f) Other current assets	0.000	0.000	0.566
Total Current Assets	11052.798	8652.141	7060.481
TOTAL	14379.483	9171.246	7422.861

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from operations	25047.746	20639.763	16684.970
		Other Income	255.159	166.792	50.069
		TOTAL (A)	25302.905	20806.555	16735.039
Less	EXPENSES
		Purchases of stock-in-trade	24221.391	19812.657	15839.361
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(581.188)	(367.426)	(239.115)
		Employee benefit expense	68.671	34.055	28.476
		Other expenses	693.468	519.281	452.766
		TOTAL (B)	24402.342	19998.567	16081.488
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		900.563	807.988	653.551
Less	FINANCIAL CHARGES (D)		200.735	141.771	126.637
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		699.828	666.217	526.914
Less	DEPRECIATION/ AMORTISATION (F)		694.842	13.385	12.587
	PROFIT BEFORE TAX (E-F) (G)		4.986	652.832	514.327
Less	TAX (H)		51.039	51.014	20.751
	PROFIT AFTER TAX (G-H) (I)		(46.053)	601.818	493.576
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2346.063	1806.449	1373.368
Less	APPROPRIATIONS
		Transfer to General Reserve	50.000	50.000	50.000
		Proposed Dividend	12.200	10.500	9.000
		Dividend Tax	0.000	1.704	1.495
	BALANCE CARRIED TO THE B/S		2237.810	2346.063	1806.449
	EARNINGS IN FOREIGN CURRENCY
		FOB Value of Exports	10240.197	4343.607	3486.236
		Freight , Insurance & Commission	20.053	22.273	9.844
	TOTAL EARNINGS		10260.250	4365.880	3496.080
	IMPORTS
		Traded Goods	19278.048	14853.747	8341.418
	TOTAL IMPORTS		19278.048	14853.747	8341.418
	Earnings/(Loss) Per Share (Rs.)		(1.42)	20.06	16.45

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(0.18)	2.89	2.95
Net Profit Margin (PBT/Sales)	(%)	0.02	3.16	3.08
Return on Total Assets (PBT/Total Assets}	(%)	0.04	7.28	6.99
Return on Investment (ROI) (PBT/Networth)		0.00	0.24	0.24
Debt Equity Ratio (Total Debt /Networth)		0.19	0.25	0.33
Current Ratio (Current Asset/Current Liability)		1.34	1.36	1.36

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	150.000	300.000	324.960
Reserves & Surplus	2006.450	2446.064	5763.188
Net worth	2156.450	2746.064	6088.148
long-term borrowings	32.141	26.098	19.973
Short term borrowings	673.240	661.699	1158.051
Total borrowings	705.381	687.797	1178.024
Debt/Equity ratio	0.327	0.250	0.193

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	16,684.970	20,639.763	25,047.746
		23.703	21.357

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales	16,684.970	20,639.763	25,047.746
Profit	493.576	601.818	-46.053
	2.96%	2.92%	-0.18%

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	Yes
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	Yes

LITIGATION DETAILS:

HIGH COURT OF BOMBAY

Case Details

Bench:-Bombay

Lodging No.:-

SSL/730/2013

Filing Date:-

22/08/2013

Reg. No.:-

SS/36/2014

Reg. Date:-

15/01/2014

Petitioner:-

M/S. CVS INFRASTRUCTURE PRIVATE LIMITED

Respondent:-

M/S. HAZEL MERCANTILE LIMITED

Petn.Adv.:-

BALIRAM V. KAMBLE ()

District:-

MUMBAI

Bench:-	SINGLE
Status:-	Pre-Admission	Category:-	MONETARY SUITS

Act :-

Code of Civil Procedure 1908

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Short Term Borrowings
Loans and Advances from related parties	122.922	1.000
Total	122.922	1.000

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10478219	23/01/2014	500,000,000.00	PUNJAB NATIONAL BANK	FORESHORE ROAD BRANCH,RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA	B96653530
2	10198433	12/01/2010	42,300,000.00	PUNJAB NATIONAL BANK	FORESHORE ROAD BRANCH, RAHEJA CHAMBERS,, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA	A78104643
3	80027453	05/02/2013 *	7,440,000,000.00	PUNJAB NATIONAL BANK(LEAD BANK)	FORESHORE ROAD BRANCH,RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA	B69761872

* Date of charge modification

FIXED ASSETS:

· Land and Building

· Plant and Machinery

· Vehicles

· Office Equipment

· Furniture and Fixture

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. 63.44
UK Pound	1	Rs. 98.88
Euro	1	Rs. 77.62

INFORMATION DETAILS

Information Gathered by :	JML
Analysis Done by :	RAS
Report Prepared by :	ASH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	7
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		49

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.