MIRA INFORM REPORT

Report Date :

13.02.2014

IDENTIFICATION DETAILS

Name :	TRADE POWER INTERNATIONAL LLP
Registered Office :	3/2-1, 9th Floor, Regency Height, Apartment No. 9, Cleveland Road, Frazer Town, Bangalore – 560005, Karnataka
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	14.11.2012
Total Obligation of Contribution:	Rs. 0.100 Million
LLPIN:	AAB-2148
Legal Form :	Limited Liability Partnership.
Line of Business :	Consultancy company for machine engineering products.
No. of Employees :	5 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (12)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Yet to commenced commercial operation
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a relatively new limited liability partnership concern. Eventhough the limited liability partnership concern incorporated during the year 2012. It has not commercial its commercial operation in the financial year 2013. Mr. Ravi Accountant and Admin Executive provided with us general information and also confirmed that the subject is a Dubai based company and they have recently set up their business in India and soon they will commenced its business operations. Payment terms are unknown. The limited liability partnership can be considered for business dealings on a secured trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
India	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

The worst is over for India’s economy with gross domestic product likely to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s Analytics. Concerns over the rupee and current account deficit are under control, said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15 up from the estimated 4.8 % for 2013/14.  Total economic growth, infrastructure bottlenecks and lack of transparency and consistency in foreign direct investment policies seem to have taken a toll on India’s attractiveness as an investment destination, says an Ernst & Young survey.  Projects with FDI component fell 16.4 % across the globe in 2012 from the previous year.  The drop in India was steeper at 21 %. State run carrier Air India is doling out free tickets to its 24000 employees, even as it expects to incur a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn. 550000 number of jobs generated across India in 2013, a fall of 0.4 % as compared to with a year earlier. The National  Capital Region has a one-fourth share in total jobs created, according to a study by industry lobby group Assochem, Banks, real estate, automobile and telecommunications sectors are showing a rise of job creation. $ 805 mn investments by venture capital firms in India during 2013, registering a drop of about 18 % over the previous year. The Information Technology and IT-Enabled  Services Industry retained its status as the favourable venture capital investors in 2013. Pakistan has temporarily banned gold imports for the second time in six months, as it tries to stem smuggling into India. India’s import duty on gold is 10 % and curbs on purchases have dried up legal imports into what used to be the world’s biggest bullion buyers. The World Gold Council puts the amount smuggled into India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed bank deposits estimated to be about Rs 35000 mn be used for education and awareness among depositors.  According to the plan, deposits that have not been claimed for at least 10 years will be transferred to the scheme.

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Ravi
Designation :	Accountant and Admin Executive
Contact No.:	91-80-25578152
Date :	11.02.2014

LOCATIONS

Registered Office :	3/2-1, 9th Floor, Regency Height, Apartment No. 9, Cleveland Road, Frazer Town, Bangalore – 560005, Karnataka, India
Tel. No. :	91-80-25578152
Fax No. :	Not Available
E-Mail :	tradepowerindia@gmail.com
Area :	3600 Sq. ft
Corporate Office :	1011 Prestige Towers, Residency Road, Bangalore – 560001, Karnataka, India
Area :	1200 Sq. ft
Location :	Rented

PARTNERS

Name :

Mr. Akbar Sadiq Ali Khan

Designation :

Designated Partner

Address :

Sona Villa, Jussawala Wadi, Juhu, Mumbai – 400049, Maharashtra, India

Date of Birth/Age :

07.07.1949

Date of Appointment :

14.11.2012

DPIN No. :

00375974

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	U99999MH1994PLC077364	MASHREQ COMMUNICATIONS LIMITED	Director	06/03/1998	06/03/1998	-	Active	NO
2	U92140MH2004PTC148150	ALIYAH MERCHANDISE PRIVATE LIMITED	Director	20/08/2004	20/08/2004	-	Active	NO
3	U23209MH2006PTC164937	ABRAIZ PETROCHEMICALS PVT. LTD	Director	26/09/2006	26/09/2006	-	Active	NO
4	U92100MH2010PTC204283	Radiant Reels Production Private Limited	Director	16/06/2010	16/06/2010	-	Active	NO
5	U70102MH2007PTC175685	PANAM REALTOR INFRASTRUCTURE & SERVICES PRIVATE LIMITED	Director	23/09/2010	23/09/2010	-	Active	NO
6	AAB-2148	TRADE POWER INTERNATIONAL LLP	Designated Partner	14/11/2012	14/11/2012	-	Active	NO

Name :

Mr. Sharooqshah Ali Khan

Designation :

Designated Partner

Address :

No. 3/2-1, 9th Floor, Regency Height, Apartment No. 9, Clevaland Road, Frazer Town, Bangalore, Karnataka, India

Date of Birth/Age :

31.05.1941

Date of Appointment :

14.11.2012

DPIN No. :

05014897

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	AAA-4837	AAG PROPERTIES INDIA LLP	Designated Partner	13/05/2011	13/05/2011	-	Active	NO
2	AAB-2148	TRADE POWER INTERNATIONAL LLP	Designated Partner	14/11/2012	14/11/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ravi
Designation :	Accountant and Admin Executive

BUSINESS DETAILS

Line of Business :

Consultancy company for machine engineering products.

GENERAL INFORMATION

No. of Employees :	5 (Approximately)
Bankers :	UCO Bank, Mid Corporate Branch

Banking Relations :	--
Auditors :	Not Available
Associates/Subsidiaries :	AAG Properties India Private Limited Address : 3/2-1, 9th Floor, Regency Height, Apartment No. 9, Cleveland Road, Frazer Town, Bangalore – 560005, Karnataka, India Line of Business : Real Estate

CAPITAL STRUCTURE

As on 31.03.2013

Names of Persons	Obligation of Contribution (Rs. In Millions)
Akbar Sadiq Ali Khan	0.020
Sharooqshah Ali Khan	0.080
Total	0.100

FINANCIAL DATA

[all figures are in Rupees Millions]

SOURCES OF FUNDS	31.03.2013 (4 Months)
SHAREHOLDERS FUNDS
1] Contribution received	0.100
2] Share Application Money	0.000
3] Reserves & Surplus	0.000
4] (Accumulated Losses)	0.000
NETWORTH	0.100
LOAN FUNDS
1] Secured Loans	0.000
2] Unsecured Loans	0.000
TOTAL BORROWING	0.000
Short term Borrowing	0.000
Creditors/ trade payables – advance from customers	0.000
Other Liabilities (Deferred tax Liaiblities)	0.030
Provisions
For taxation	0.000
For contingencies	0.000
For Insurance	0.000
Other Provisions	0.000
TOTAL	0.130
FIXED ASSETS [Net Block]
Investment	0.000
Loans and Advances	0.000
Inventories	0.000
Debtors/ trade receivable	0.000
Cash and Cash equipment	0.102
Other Assets	0.028
TOTAL	0.130

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013 (4 Months)
	SALES
		TOTAL	Nil
Less	EXPENSES
		TOTAL	Nil
	PROFIT BEFORE TAX		Nil
Less	TAX		Nil
	PROFIT AFTER TAX		Nil

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 Four Months	Yes
12]	Profitability for last Four Months	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	No
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

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] 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.62.12
UK Pound	1	Rs.102.25
Euro	1	Rs.84.72

INFORMATION DETAILS

Information Gathered by :	HNA
Report Prepared by :	ANK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	--
--CREDIT LINES	1~10	--
--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	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		12

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.