MIRA INFORM REPORT

Report Date :

17.05.2014

IDENTIFICATION DETAILS

Name :	ARISTOPLAST PRODUCTS PRIVATE LIMITED

Registered Office :	129, Mittal Industrial Estate, Sanjay Building No. 6, Andheri Kurla Road, Andheri (East), Mumbai – 400069, Maharashtra

Country :	India

Date of Incorporation :	21.03.2014

Com. Reg. No.:	11-254744

Capital Investment / Paid-up Capital :	Rs. 0.100 Million

CIN No.: [Company Identification No.]	U25203MH2014PTC254744

TAN No.: [Tax Deduction & Collection Account No.]	MUMA45831C

PAN No.: [Permanent Account No.]	AAMCA5352J

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer and Supplier of plastic products like plastic racks, plastic air tight containers, shopping plastic baskets, storing baskets, fridge bottles, jugs, trays, plastic household items, etc.

No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Status :	New Business

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a new company incorporated during 21/03/2014, and it is establishing itself gradually. Mr. Dinesh Bhavanji Sawla, Director has denied to provide any information to us. Business is active as per status in registrar of companies. Payment terms are unknown. The company can be considered for business dealing on a safe and 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 – March 31, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

India

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 DECLINED BY

Name :	Mr. Dinesh Bhavanji Sawla
Designation :	Director
Contact No.:	91-9324527000
Date :	10.05.2014

LOCATIONS

Registered Office :	129, Mittal Industrial Estate, Sanjay Building No. 6, Andheri Kurla Road, Andheri (East), Mumbai – 400069, Maharashtra, India
Tel. No. :	91-22-28506721/ 28562924/ 28503200
Mobile No. :	91-9324527000 (Mr. Dinesh Bhavanji Sawla)
Fax No. :	Not Available
E-Mail :	info@aristoplast.com saleshouseware@aristoplast.com salescrates@aristoplast.com exports@aristoplast.com parthdave200@yahoo.com aristo@bom7.vsnl.net.in
Website :	www.aristoplast.com

DIRECTORS

Name :

Mr. Nitin Bhavanji Sawla

Designation :

Director

Address :

Building No. 201, Flat No 5516, 4^th Floor, Kanchan Ganga, Opposite Odeon Cinema, Ghatkopar (East), Mumbai – 400077, Maharashtra, India

Date of Birth/Age :

26.08.1963

Date of Appointment :

21.03.2014

DIN No. :

00377654

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	U25209MH1991PTC061073	ARISTOPLAST ENTERPRISES PRIVATE LIMITED	Whole-time director	05/04/1991	05/04/1991	-	Active	NO
2	U74950MH1995PTC084690	UNIPLAST ENTERPRISES PRIVATE LIMITED	Director	17/01/1995	17/01/1995	-	Active	NO
3	U24240MH1999PTC122828	GLAMOUR SOAPS PRIVATE LIMITED	Director	29/11/1999	29/11/1999	01/02/2008	Active	NO
4	U99999MH1983PTC029237	BINA HOLDINGS PVT LTD	Director	27/08/2008	17/01/2008	-	Active	NO
5	U45208MH2008PTC188470	SHREE PADMAVATI BHOOMI NAVSARJAN PRIVATE LIMITED	Director	30/09/2010	15/07/2010	-	Active	NO
6	U25203MH2014PTC254744	ARISTOPLAST PRODUCTS PRIVATE LIMITED	Director	21/03/2014	21/03/2014	-	Active	NO

Name :

Mr. Dinesh Bhavanji Sawla

Designation :

Director

Address :

24A, 24B, Fairlife Co-Operative Housing Society, Sindhuwadi, M.G. Road, Ghatkopar (East), Mumbai – 400077, Maharashtra, India

Date of Birth/Age :

07.09.1960

Date of Appointment :

21.03.2014

DIN No. :

00836110

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	U25209MH1991PTC061073	ARISTOPLAST ENTERPRISES PRIVATE LIMITED	Whole-time director	05/04/1991	05/04/1991	-	Active	NO
2	U74950MH1995PTC084690	UNIPLAST ENTERPRISES PRIVATE LIMITED	Director	17/01/1995	17/01/1995	-	Active	NO
3	U24240MH1999PTC122828	GLAMOUR SOAPS PRIVATE LIMITED	Director	29/11/1999	29/11/1999	01/02/2008	Active	NO
4	U25203MH2014PTC254744	ARISTOPLAST PRODUCTS PRIVATE LIMITED	Director	21/03/2014	21/03/2014	-	Active	NO

Name :

Mr. Darshik Dinesh Sawla

Designation :

Director

Address :

6-129, Mittal Industrial Estate, AK Road, Andheri (East), Mumbai – 400059, Maharashtra, India

Date of Birth/Age :

14.07.1990

Date of Appointment :

21.03.2014

DIN No. :

06392193

Name :

Mr. Hardik Nitin Sawla

Designation :

Director

Address :

6-129 Mittal Industrial Estate, AK Road, Andheri (East), Mumbai – 400059, Maharashtra, India

Date of Birth/Age :

08.06.1989

Date of Appointment :

21.03.2014

DIN No. :

06392179

Name :

Laxmiben Bhawanji Sawla

Designation :

Director

Address :

129, Mittal Industrial Estate, Sanjay Building, 6 AK Road, Mumbai – 400059, Maharashtra, India

Date of Birth/Age :

15.12.1932

Date of Appointment :

21.03.2014

DIN No. :

06392150

Name :

Jayshree Dinesh Sawla

Designation :

Director

Address :

24A, 24B, Fairlife Co-Operative Housing Society, Sindhuwadi, M. G. Road, Ghatkopar (East), Mumbai – 400077, Maharashtra, India

Date of Birth/Age :

25.07.1964

Date of Appointment :

21.03.2014

DIN No. :

00377750

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	U74950MH1995PTC084690	UNIPLAST ENTERPRISES PRIVATE LIMITED	Director	11/09/1995	11/09/1995	-	Active	NO
2	U51496MH2000PTC129731	ARISTO MARKETING (INDIA) PRIVATE LIMITED	Director	24/11/2000	24/11/2000	15/04/2008	Active	YES
3	U25203MH2014PTC254744	ARISTOPLAST PRODUCTS PRIVATE LIMITED	Director	21/03/2014	21/03/2014	-	Active	NO

Name :

Harshita Nitin Sawla

Designation :

Director

Address :

Building No 201, Flat No 5516, 4^th Floor, Kanchan Ganga, Opposite Odeon Cinema, Ghatkopar (East), Mumbai - 400077, Maharashtra India

Date of Birth/Age :

24.03.1964

Date of Appointment :

DIN No. :

00377810

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	U51496MH2000PTC129731	ARISTO MARKETING (INDIA) PRIVATE LIMITED	Director	24/11/2000	24/11/2000	15/04/2008	Active	YES
2	U99999MH1983PTC029237	BINA HOLDINGS PVT LTD	Director	27/08/2008	17/01/2008	-	Active	NO
3	U45208MH2008PTC188470	SHREE PADMAVATI BHOOMI NAVSARJAN PRIVATE LIMITED	Director	09/01/2010	09/01/2010	-	Active	NO
4	U25203MH2014PTC254744	ARISTOPLAST PRODUCTS PRIVATE LIMITED	Director	21/03/2014	21/03/2014	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 24.01.2013

Names of Shareholders	No. of Shares	Percentage of Holding
Nitin Bhavanji Sawla	2000	20.00
Dinesh Bhavanji Sawla	2000	20.00
Hardik Nitin Sawla	500	5.00
Laxmiben Bhawanji Sawla	1000	10.00
Jayshree Dinesh Sawla	2000	20.00
Harshita Nitin Sawla	2000	20.00
Darshik Dinesh Sawla	500	5.00
Total	10000	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Supplier of plastic products like plastic racks, plastic air tight containers, shopping plastic baskets, storing baskets, fridge bottles, jugs, trays, plastic household items, etc.

Products :	· Crates, Plastic Crates Fresh Fruit Crate Fruit Crate Industrial Plastic Crates Packing Crates Dairy Crates Jumbo Crates Vegetables Crates General Crates Plastic Storage Crate

GENERAL INFORMATION

No. of Employees :	Not Divulged

Bankers :	Not Available

Banking Relations :	--

Auditors :
Name :	Anil Harshi Haria Chartered Accountant
Address :	11/12, Prem Bhawan, 234/236, Harshi Natha Street, Masjid Bunder, Mumbai – 400009, Maharashtra, India

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount

1000000	Equity Shares	Rs.10/- each	Rs. 10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

NOT AVAILABLE

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	No
12]	Profitability for last three years	No
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	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	No
24]	Banking facility details	No
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	No
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

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.58.86
UK Pound	1	Rs.98.82
Euro	1	Rs.80.72

INFORMATION DETAILS

Information Gathered by :	PRT

Analysis Done by :	SUM

Report Prepared by :	MRI

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.