MIRA INFORM REPORT

Report Date :

26.12.2014

IDENTIFICATION DETAILS

Name :	CREATIVE BUSINESS INTERNATIONAL
Registered Office :	E 16, Sriramnagar, S. No. 138, Opposite ITI Aundh, Pune - 411007, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	2007
Com. Reg. No.:	AUNDH/II/3476
Capital Investment / Paid-up Capital :	Rs. 3.498 Millions (As on 31.03.2013)
IEC No.:	3106001348
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AMVPS5210R
Legal Form :	Sole Proprietary Concern
Line of Business :	Manufacturer and Exporter of Processing Machinery.
No. of Employees :	10 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 20000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established proprietary concern having satisfactory track record. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct and as per commitment. The concern 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.

EXTERNAL AGENCY RATING

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 PARTED BY

Name :	Mr. Sam
Designation :	Chief Operating Officer
Contact No.:	91-9890440989
Date :	24.12.2014

LOCATIONS

Registered Office :	E 16, Sriramager, S. No. 138, Opposite ITI Aundh, Pune - 411007, Maharashtra, India
Tel. No.:	91-20-25886197/ 26814605
Mobile No.:	91-9890440989 (Mr. Sam)
Fax No.:	91-20-25886197
E-Mail :	creativebus@gmail.com
Area :	1500 Sq. Ft
Location :	Owned
Factory :	H – Block, A 101, MIDC, Pimpari, Pune – 411018, Maharashtra, India
Area :	1000 Sq. Ft
Location :	Rented

SOLE PROPRIETOR

Name :	Mrs. Annie Samual
Designation :	Proprietor
Address :	B 904, Prism Society, Near Spicer Memorial College, Aundh, Pune – 411007, Maharashtra, India
Date of Birth/Age :	49 Years
Qualification :	B. Com, Bed.
Experience :	20 Years

KEY EXECUTIVES

Name :	Mr. Sam
Designation :	Chief Operating Officer

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Processing Machinery.
Brand Name :	--
Agencies Held :	--
Exports :
Products :	Processing Machinery
Countries :	· Middle East · Hong Kong
Imports :
Products :	Raw Material
Countries :	· USA · Germany · China
Terms :
Selling :	Cash, Advance Payment and Credit (30 and 60 Days)
Purchasing :	Cash, Advance Payment and Credit (30 and 60 Days)

GENERAL INFORMATION

Suppliers :

Reference:	NOT DIVULGED
Name of the Person (with Designation):
Contact Number:
Since How Long Known:
Maximum Limit Dealt:
Experience :
Remarks :

Customers :

Wholesalers, Retailers and End Users

Reference:	NOT DIVULGED
Name of the Person (with Designation):
Contact Number:
Since How Long Known:
Maximum Limit Dealt:
Experience :
Remarks :

No. of Employees :

10 (Approximately)

Bankers :

Bank Name:	IDBI Bank Limited
Branch:	Aundh, Pune - 411007, Maharashtra, India
Name of the Person (with Designation):	Mr. Haominlal (Assistant Manager)
Contact Number:	91-20-25882488
Name of Account Holder:	CREATIVE BUSINESS INTERNATIONAL
Account Number:	NOT DIVULGED
Account Since (Date/ Year of A/c Opening):
Average Balance Maintained (Optional):
Credit Facilities Enjoyed (CC/OD/Term Loan):
Account Operation:
Remarks:

· Axis Bank, Aundh, Pune - 411007, Maharashtra, India

Tel No.: 91-20-25888716

Auditors :
Name :	Jairaman and Associates Chartered Accountants
Address :	Flat No.14, Anuradha Society, 41 A Bhau Patil Road, Bopodi, Pune - 411020, Maharashtra, India
Tel. No.:	91-20-25875068
E-Mail :	mjrpune@gmail.com
Sister Concerns :	· Pathfinder Future Solutions Limited · Princeglobal Future Solutions Limited

CAPITAL STRUCTURE

As on 31.03.2013

Capital Investment :
Owned :	Rs.3.498 Millions
Borrowed :	--
Total :	Rs.3.498 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2013	31.03.2012
SHAREHOLDERS FUNDS
1] Partners Capital		3.498	3.697
2] Share Application Money		0.000	0.000
3] Profit and Loss Account		1.517	0.000
4] (Accumulated Losses)		0.000	0.000
NETWORTH		5.015	3.697
LOAN FUNDS
1] Secured Loans		0.000	3.639
2] Unsecured Loans		0.879	0.879
TOTAL BORROWING		0.879	4.518
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		5.894	8.215
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.341	0.399
Capital work-in-progress		0.000	0.000
INVESTMENT		3.962	3.882
DEFERRED TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000
	Sundry Debtors	0.000	(0.279)
	Cash & Bank Balances	2.224	0.671
	Other Current Assets	0.186	0.031
	Loans & Advances	0.320	4.119
Total Current Assets		2.730	4.542
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.890	0.592
	Other Current Liabilities	0.249	0.016
	Provisions	0.000	0.000
Total Current Liabilities		1.139	0.608
Net Current Assets		1.591	3.934
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		5.894	8.215

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012
	SALES
		Income	12.152	1.384
		Other Income	0.383	0.321
		TOTAL	12.535	1.705
Less	EXPENSES
		Cost of goods sold	8.700	0.986
		Staff salary	0.240	0.000
		Direct Expenses	0.007	0.050
		Accounting charges	0.015	0.005
		Audit fees	0.028	0.000
		Bank charges	0.001	0.001
		Books and periodicals	0.002	0.000
		Business promotions	0.170	0.000
		Corporation tax	0.006	0.006
		Designing charges	0.301	0.000
		Electricity expenses	0.009	0.000
		Insurance	0.010	0.011
		Interest on overdraft	0.130	0.000
		Interest on Vat	0.000	0.000
		Misc Expenses	0.016	0.000
		Newspaper	0.001	0.000
		Office Expenses	0.006	0.000
		Office rent	0.058	0.000
		Postage and courier	0.002	0.000
		Printing and stationery	0.005	0.000
		Professional fees	0.004	0.011
		Professional tax	0.003	0.003
		Repairs and maintenance	0.106	0.000
		Staff salary	0.775	0.000
		Staff welfare	0.042	0.000
		Society maintenance	0.000	0.016
		Telephone charges	0.026	0.038
		Tours and travelling expenses	0.000	0.059
		Training expenses	0.048	0.010
		Travelling expenses	0.207	0.000
		Vat demand paid	0.032	0.000
		Vehicle maintenance	0.010	0.000
		TOTAL	10.960	1.196
	PROFIT/(LOSS) BEFORE DEPRECIATION AND AMORTISATION		1.575	0.509
Less	DEPRECIATION/ AMORTISATION		0.058	0.074
	NET PROFIT		1.517	0.435

Particulars	31.03.2014
Sales Turnover (Approximately)	12.000 (Due to market Flctuation)

The above information has been parted by Mr. Sam (Chief Operating Officer).

Note: Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	12.48	31.43
Return on Total Assets (PBT/Total Assets}	(%)	49.40	8.80
Return on Investment (ROI) (PBT/Networth)		0.30	0.12
Debt Equity Ratio (Total Debt /Networth)		0.18	1.22
Current Ratio (Current Asset/Current Liability)		2.40	7.47

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Partners Capital	3.697	3.498
Profit and Loss Account	0.000	1.517
Net worth	3.697	5.015
Secured Loans	3.639	0.000
Unsecured Loans	0.879	0.879
Total borrowings	4.518	0.879
Debt/Equity ratio	1.222	0.175

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Sales	1.384	12.152
		778.035

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Sales	1.384	12.152
Profit	0.435	1.517
	31.43%	12.48%

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 two 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	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	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

FIXED ASSETS

· Air Conditioner

· Computer

· Furniture

· Motor Car

· Office Equipment

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.63.46
UK Pound	1	Rs.98.51
Euro	1	Rs.77.31

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	DIV
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.