MIRA INFORM REPORT

Report Date :

13.03.2014

IDENTIFICATION DETAILS

Name :	KING EMPIRE TRADEXIM PRIVATE LIMITED
Registered Office :	307/22, Gaurav Tower, G- Block, Community Centre, Vikaspuri, New Delhi – 110018
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	22.04.2010
Com. Reg. No.:	55-201868
Capital Investment / Paid-up Capital :	Rs.10.000 Millions
CIN No.: [Company Identification No.]	U51909DL2010PTC201868
TAN No.: [Tax Deduction & Collection Account No.]	DELK12490C
PAN No.: [Permanent Account No.]	AADCK9235D
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Ferrous and Non Ferrous Metal.
No. of Employees :	45 (Approximately)

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

State-run banks hired nearly 300000 personnel including more than 94000 officers in the last four years, according to the Indian Banks Association. A study by trade lobby Assocham in September 2013 indicated that banks would need 800000 people in the next six years. It estimated that state-run lenders alone would hire 50000 people in 2013/14.

The Competition Commission of India plans to issue final orders within a broad time-frame of one year in matters where it decides to carry out detailed investigations. The number of complaints received by the watchdog which keeps tabs on unfair trade practices in the marketplace.

The government has detected custom tax evasion totaling around Rs 37920 mn in 14 states until December. Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs 8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.

Connaught Place in New Delhi slipped four notches to become the world’s eighth most expensive office locations. London’s West End is the world’s most expensive office market.

There are 4.072 mn number of high value spenders under the scanner of the income tax department. The income tax department has information that they have made cash deposits announcing to Rs 1 mn or more in their savings bank accounts in the current financial year. It plans to check potential evasion before the closing of the financial year on March 31.

Estimated pharmaceutical sales in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago. The life sciences and health care industry is up against challenges such as quality management, says a recent Deloitte report.

The gross non-performing assets of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months of the financial year. In absolute terms, the 40 listed banks added Rs 3386 crore to their gross NPAs in nine months with the State Bank of India leading with the State Bank of India leading with an accretion of Rs 16610 crore.

The inflow of smuggled gold doubled in 2013 following restrictions to curb the supply from official channels to contain the current account deficit. China surpassed India in the demand for gold for the first time in 2013 due to liberalization of gold trading norms by its local governments.

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. Shilender Dube
Designation :	Account Manager
Contact No.:	91-9910517248

LOCATIONS

Registered Office :	307/22, Gaurav Tower, G- Block, Community Centre, Vikaspuri, New Delhi – 110018, India
Tel. No.:	Not Available
Mobile No.:	91-9910517248 (Mr. Shilender Dube)
Fax No.:	Not Available
E-Mail :	abhay77777@gmail.com kingempiretrade@rediffmail.com mandalmk@gmail.com secretarialroc@gmail.com
Branch Office 1 :	212-A, Ansal Majestic Tower, Vikaspuri, New Delhi – 110018, India
Branch Office 2 :	Near Laxmi Dharam Kanta, Bhiwadi, The Tijara, District-Alwar - 301019, Rajasthan, India
Tel. No.:	91-11-25721920

DIRECTORS

As on 30.09.2013

Name :

Mr. Ritesh Jain

Designation :

Director

Address :

H.No. 4012, Street No. 17A, Ajit Nagar, Delhi – 110062, India

Date of Birth/Age :

25.06.1980

Date of Appointment :

01.09.2013

DIN No. :

06637394

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	U51909DL2009PTC192938	OPET TRADEXIM PRIVATE LIMITED	Director	04/08/2013	04/08/2013	-	Active	NO
2	U74140DL2009PTC194287	VANYA TRADE EXIM PRIVATE LIMITED	Director	04/08/2013	04/08/2013	-	Active	NO
3	U45200DL2008PTC180087	SAHARA FINCON PRIVATE LIMITED	Director	08/08/2013	08/08/2013	-	Active	NO
4	U51909DL2010PTC201796	GOLDEN JUBILEE SALES PRIVATE LIMITED	Director	08/08/2013	08/08/2013	-	Active	NO
5	U70200DL2009PTC192154	NATURECARE BUILDTECH PRIVATE LIMITED	Director	01/09/2013	01/09/2013	30/09/2013	Active	NO
6	U70101DL2009PTC192170	UPHILL BUILDCON PRIVATE LIMITED	Director	01/09/2013	01/09/2013	30/09/2013	Active	NO
7	U45400DL2007PTC161766	RUHI BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	01/09/2013	01/09/2013	11/12/2013	Active	NO
8	U45400DL2007PTC162505	REBHA REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	01/09/2013	01/09/2013	11/12/2013	Active	NO
9	U51909DL2010PTC201868	KING EMPIRE TRADEXIM PRIVATE LIMITED	Director	01/09/2013	01/09/2013	-	Active	NO
10	U45400DL2007PTC161636	JIGISHA BUILDERS & DEVELOPERS PRIVATE LIMITED	Director	01/09/2013	01/09/2013	-	Active	NO

Name :

Mr. Anil Core

Designation :

Director

Address :

2141 B Block, Metro Vihar, Holambi Kalan, North West, Delhi – 110082, India

Date of Birth/Age :

17.02.1983

Date of Appointment :

01.10.2013

DIN No. :

06575673

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	U51909HR2010PTC041227	TRIM TRADING PRIVATE LIMITED	Director	01/04/2013	01/04/2013	-	Active	NO
2	U18109DL2013PTC253773	FABTEX MULTISHADES PRIVATE LIMITED	Director	10/06/2013	10/06/2013	01/09/2013	Active	NO
3	U51909DL2009PTC193224	RECON OVERSEAS PRIVATE LIMITED	Director	04/08/2013	04/08/2013	-	Active	NO
4	U51909DL2010PTC201872	WESTERN ALLIANCE TRADEXIM PRIVATE LIMITED	Director	01/09/2013	01/09/2013	-	Active	NO
5	U51909DL2010PTC201868	KING EMPIRE TRADEXIM PRIVATE LIMITED	Director	01/10/2013	01/10/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Shilender Dube
Designation :	Account Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
Anil Core	896000
Ritesh Jain	104000
Total	1000000

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	10.40
Other top fifty shareholders	89.60
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader of Ferrous and Non Ferrous Metal.
Terms :
Selling :	Credit
Purchasing :	Credit

GENERAL INFORMATION

Suppliers :	Ford Asia Trading Private Limited
Customers :	Wholesalers, Retailers and Manufacturer
No. of Employees :	45 (Approximately)
Bankers :	· Punjab National Bank, Karol Bagh, Gurudwara Road, New Delhi – 110005, India · HDFC Bank Limited · Axis Bank Limited

Banking Relations :	--
Auditors :
Name :	A Kay Mehra and Company Chartered Accountants
Address :	B-222, Indra Nagar, Gali No. 7, Delhi – 110033, India
Income-tax PAN of auditor or auditor's firm :	AABFA3970A

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs.10/- each	Rs. 10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs.10/- each	Rs. 10.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	10.000	0.100
(b) Reserves & Surplus	0.556	0.114
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	10.556	0.214
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.005	0.003
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.005	0.003
(4) Current Liabilities
(a) Short term borrowings	167.120	0.000
(b) Trade payables	522.588	141.658
(c) Other current liabilities	0.194	0.013
(d) Short-term provisions	0.249	0.048
Total Current Liabilities (4)	690.151	141.719
TOTAL	700.712	141.936
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.024	0.036
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	0.024	0.036
(2) Current assets
(a) Current investments	0.100	0.000
(b) Inventories	64.219	0.593
(c) Trade receivables	628.903	138.135
(d) Cash and cash equivalents	(2.182)	0.361
(e) Short-term loans and advances	9.641	2.802
(f) Other current assets	0.007	0.009
Total Current Assets	700.688	141.900
TOTAL	700.712	141.936

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2012	31.03.2011
	SALES
		Income			248.461
		Other Income			0.000
		TOTAL			248.461
Less	EXPENSES
		Purchases			248.455
		Closing Stock			(0.593)
		Audit Fee			0.014
		Bank Charges			0.002
		Preliminary Expenses w/off			0.002
		Rent			0.093
		ROC Fees			0.001
		Employee Benefit Expenses			0.245
		Carrage Outward			0.064
		TOTAL		NA	248.283
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION				0.178
Less/ Add	DEPRECIATION/ AMORTISATION				0.013
	PROFIT BEFORE TAX				0.165
Less	TAX				0.048
	PROFIT AFTER TAX			0.441	0.117
	Earnings Per Share (Rs.)			0.44	11.70

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011
PAT / Total Income	(%)	N.A.	0.05
Net Profit Margin (PBT/Sales)	(%)	N.A.	0.07
Return on Total Assets (PBT/Total Assets}	(%)	N.A.	0.12
Return on Investment (ROI) (PBT/Networth)		N.A.	0.77
Debt Equity Ratio (Total Debt/Networth)		15.83	0.00
Current Ratio (Current Asset/Current Liability)		1.02	1.00

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 one year	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	No
17]	Major suppliers	Yes
18]	Major customers	No
19]	Payments terms	Yes
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	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	No
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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

UNSECURED LOANS

PARTICULAR	31.03.2012 (Rs. In Millions)	31.03.2011 (Rs. In Millions)
SHORT TERM BORROWINGS
Other loans and advances, others	167.120	0.000
Total	167.120	0.000

CHANGE OF ADDRESS

The registered office of the company has been shifted from 212-A, Ansal Majestic Tower, Vikaspuri, New Delhi – 110018, India to the present address w.e.f. 01.10.2012.

FIXED ASSETS

v Tangible Assets

· Furniture and Fixtures

· Office Equipment

· Computer Equipments

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 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.61.09
UK Pound	1	Rs.101.59
Euro	1	Rs.84.65

INFORMATION DETAILS

Report Prepared by :

NKT

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.