1. Summary Information

		Country	India
Company Name	KOHYEI TRADING (INDIA) PRIVATE LIMITED	Principal Name 1	Mr. Akitoshi Kumagai
Status	Moderate	Principal Name 2	Mr. Shabbir Bhai
		Registration #	---
Street Address	Basera, Ground Floor, No. 46, Besant Avenue, Adyar, Chennai – 600020, Tamilnadu
Established Date	24.12.2012	SIC Code	--
Telephone#	91-44-45580017	Business Style 1	Trader
Fax #	91-44-24460220	Business Style 2	---
Homepage	www.kohyei.com	Product Name 1	Engineering plastic products
# of employees	8 (Approximately)	Product Name 2	---
Capital Investment	Rs. 1,000,000/-	Product Name 3	--
Shareholders	--	Banking	Citi Bank N. A.
Public Limited Corp.	No	Business Period	2 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	B (26)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	652,000	Current Liabilities	0,000
Inventories	0,000	Long-term Liabilities	0,000
Fixed Assets	164,000	Other Liabilities	32,000
Deferred Assets	59,000	Total Liabilities	32,000
Invest& other Assets	0,000	Retained Earnings	(157,000)
		Net Worth	843,000
Total Assets	875,000	Total Liab. & Equity	875,000
Total Assets (Previous Year)	--
P/L Statement as of	31.03.2013	(Unit: Indian Rs.)	P/L Statement as of
Total Revenue	645,000	Net Profit	(157,000)
Total Revenue (Previous yr)	--	Net Profit(Prev.yr)	---

MIRA INFORM REPORT

Report Date :

06.06.2014

IDENTIFICATION DETAILS

Name :	KOHYEI TRADING (INDIA) PRIVATE LIMITED
Registered Office :	Basera, Ground Floor, No. 46, Besant Avenue, Adyar, Chennai – 600020, Tamilnadu
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	24.12.2012
Com. Reg. No.:	18-089150
Capital Investment / Paid-up Capital :	Rs. 1.000 Million
CIN No.: [Company Identification No.]	U25209TN2012PTC089150
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of engineering plastic products.
No. of Employees :	8 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 4000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a relatively new company having moderate track. In its first year of business operations for three months year ended FY 13, the company has reported a minimal turnover with a loss incurred from its operations resulting in an accumulated loss during the year under review. However, trade relations seems to be fair. Business is active. Payment terms are reported as slow. In view of infancy, the company can be considered for business dealings with great 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 – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
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

US investment bank Goldman Sachs  has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

Bharti Airtel has raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

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

Name :	Mr. Venkatesan Vasudevan
Designation :	Director
Contact No.:	91-9940444944
Date :	21.05.2014

LOCATIONS

Registered Office :	Basera, Ground Floor, No. 46, Besant Avenue, Adyar, Chennai – 600020, Tamilnadu, India
Tel. No.:	91-44-45580017
Mobile No.:	91-9940444944 (Mr. Venkatesan Vasudevan)
Fax No.:	91-44-24460220
E-Mail :	venk@kohyei.in
Website :	www.kohyei.com
Location :	Rented
Warehouse :	Hyundai Motors, Chennai, Tamilnadu, India

DIRECTORS

AS ON 01.08.2013

Name :

Mr. Shabbir Bhai

Designation :

Director

Address :

Basera Apartments, Flat No. 2C, 46, Besant Avenue, Adyar, Chennai – 600020, Tamilnadu, India

Date of Birth/Age :

28.07.1965

Date of Appointment :

24.12.2012

DIN No.:

00958177

Name :

Mr. Akitoshi Kumagai

Designation :

Director

Address :

Villa C-54, Prestiz Ozone, Whitefield Main Road, Bangalore – 560066, Karnatak, India

Date of Birth/Age :

19.01.1968

Date of Appointment :

24.12.2012

DIN No.:

02072932

Name :

Mr. Venkatesan Vasudevan

Designation :

Director

Date of Appointment :

01.08.2013

DIN No.:

05107729

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	U25209TN1996PTC034257	POLYHOSE INDIA PRIVATE LIMITED	Director	28/09/2012	31/10/2011	30/01/2013	Active	NO
2	U34300PN2011PTC139272	POLYHOSE AUTOMOTIVE PRIVATE LIMITED	Director	16/11/2011	16/11/2011	30/01/2013	Active	NO
3	U25203TN2010PTC076613	VECTOR HYDRAULICS PRIVATE LIMITED	Director	29/09/2012	02/12/2011	30/01/2013	Active	NO
4	U24134TN2007PTC062123	ITAL PLASTIC COMPOUNDS PRIVATE LIMITED	Director	24/09/2012	02/12/2011	30/01/2013	Active	NO
5	U25209TN2012PTC089150	Kohyei Trading (India) Private Limited	Director	01/08/2013	24/12/2012	-	Active	NO

Name :

Mr. Hirosuke Kawamoto

Designation :

Director

Address :

Nakasaki 1-Chome, Hyogo – Perfecture, Akashi City

Date of Birth/Age :

21.04.1948

Date of Appointment :

01.08.2013

DIN No.:

06428239

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	U25209TN2012PTC089150	Kohyei Trading (India) Private Limited	Director	01/08/2013	28/01/2013	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 24.11.2012

Names of Shareholders	No. of Shares
Y J Shabbir	100
Akitoshi Kumagai	100
Total	200

AS ON 01.08.2013

Names of Shareholders	No. of Shares
Y J Shabbir	1500
Kohyei Trading Company Limited, India	1500
Total	3000

DATE OF ALLOTTEES 18.02.2013

Names of Allottees	No. of Shares
Y J Shabbir	400
Kohyei Trading Company Limited, India	400
Total	800

AS ON 01.08.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	50.00
Directors or relatives of Directors	50.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader of engineering plastic products.
Imports :
Products :	Raw Material
Countries :	China Korea
Terms :
Selling :	Cheque and Credit
Purchasing :	Cheque and Credit

GENERAL INFORMATION

Customers :	End Users
No. of Employees :	8 (Approximately)
Bankers :	Citi Bank N. A., No.163, Anna Salai, Chennai-600002, Tamilnadu, India
Facilities :	Cash Credit = Rs. 100.000 Millions

Banking Relations :	--
Auditors :
Name :	BKS and Associates Chartered Accountants
Address :	26, Old No. 15A, Govind Street, T nagar, Chennai – 600017, Tamilnadu, India
PAN No.:	AAMFB0421E

CAPITAL STRUCTURE

After 01.08.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.1000/- each	Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4000	Equity Shares	Rs.1000/- each	Rs.4.000 Millions

AS ON 01.08.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.1000/- each	Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000	Equity Shares	Rs.1000/- each	Rs. 1.000 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1.000
(b) Reserves & Surplus	(0.157)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.843
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	0.000
(c) Other current liabilities	0.000
(d) Short-term provisions	0.032
Total Current Liabilities (4)	0.032
TOTAL	0.875
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.164
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.059
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.159
Total Non-Current Assets	0.382
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.000
(d) Cash and cash equivalents	0.493
(e) Short-term loans and advances	0.000
(f) Other current assets	0.000
Total Current Assets	0.493
TOTAL	0.875

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2013
	SALES
		Income		0.645
		Other Income
		TOTAL		0.645
Less	EXPENSES
		Office Expenses		0.860
		Administrative Expenses
		Advertising Expenses
		TOTAL		0.860
	PROFIT/ (LOSS) BEFORE TAX			(0.215)
Less	TAX			(0.058)
	PROFIT/ (LOSS) AFTER TAX			(0.157)
	Earnings / (Loss) Per Share (Rs.)			(156.58)

Particulars	31.03.2014
Sales Turnover (Approximately)	80.000

The above information has been parted by Mr. Venkatesan Vasudevan.

KEY RATIOS

PARTICULARS		31.03.2013
PAT / Total Income	(%)	(24.34)
Return on Total Assets (PBT/Total Assets}	(%)	(26.34)
Return on Investment (ROI) (PBT/Networth)		(0.25)
Debt Equity Ratio (Total Liability/Networth)		0.00
Current Ratio (Current Asset/Current Liability)		15.41

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last two years	Yes
12]	Profitability for last one year	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
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

VIEW INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10454695	31/01/2014 *	100,000,000.00	CITIBANK N. A.	No.163, Anna Salai, Chennai 600002, Tamilnadu, India	B95526612

* Date of charge modification

Note :

The registered office of the company has been shifted from 3^rd Floor, Polyhose Towers (SPIC Annexe Building) 86, Annasalai, Guindy, Chennai – 600032, Tamilnadu, India to the present address w.e.f. 02.09.2013.

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.59.30
UK Pound	1	Rs.99.34
Euro	1	Rs.80.70

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	SUB
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
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	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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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.