MIRA INFORM REPORT

Report Date :

19.05.2014

IDENTIFICATION DETAILS

Name :	GREAT FURNITURE FACTORY PRIVATE LIMITED
Registered Office :	225, Okhla Industrial Estate, Phase – III, New Delhi - 110020
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	14.03.2011
Com. Reg. No.:	55-215817
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U36100DL2011PTC215817
TAN No.: [Tax Deduction & Collection Account No.]	DELG13377A
PAN No.: [Permanent Account No.]	AAECG1781F
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Furniture made from Wood, Brass, Steel, Fibre Glass, Plastics or any other Alloys and Handicrafts.
No. of Employees :	20 (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 :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The company financial position is weak marked by huge accumulated losses recorded by the company which exceeds the networth of the company. However, business is active. Payment terms are reported to be slow. The company 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 – 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. Gurnam
Designation :	Accounts Manager
Contact No.:	91-121-3003000
Date :	16.05.2014

LOCATIONS

Registered Office/ Factory 1 :	225, Okhla Industrial Estate, Phase – III, New Delhi – 110020, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	anil@shardaindia.com bhuvan@shardaindia.com
Corporate Office/ Showroom :	Plot No. 7, Sector 127, Taj Express Way, Noida – 201301, Uttar Pradesh, India
Tel. No.:	91-120-4239004/ 005
Factory 2 :	A 32, Sector 63, Noida, Uttar Pradesh, India
Tel. No.:	91-120-4336333

DIRECTORS

AS ON 28.09.2013

Name :

Mr. Ashish Gupta

Designation :

Director

Address :

192A, Saket University Road, Meerut – 250001, Uttar Pradesh, India

Date of Birth/Age :

21.01.1971

Date of Appointment :

14.03.2011

DIN No.:

00175411

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	U15311UP1986PTC008256	IHDP GLOBALS PRIVATE LIMITED	Director	26/06/1996	26/06/1996	-	Active	NO
2	U74899DL1994PTC061089	CIVIC TRADERS PRIVATE LIMITED	Director	24/01/1997	24/01/1997	-	Active	NO
3	U74899DL1995PTC066625	NANDNI ELECTRICAL WORKS PRIVATE LIMITED	Director	01/12/2001	01/12/2001	-	Active	NO
4	U21000DL1995PLC070090	AVK PAPERS LIMITED	Director	07/04/2003	07/04/2003	-	Active	NO
5	U45201DL2003PTC123236	ARUSHI ESTATE PRIVATE LIMITED	Director	25/11/2003	25/11/2003	-	Active	NO
6	U45201DL2003PTC123234	CIVIC ESTATES PRIVATE LIMITED	Director	25/11/2003	25/11/2003	-	Active	NO
7	U45201DL2003PTC123235	ARUSHI PROPERTIES PRIVATE LIMITED	Director	25/11/2003	25/11/2003	-	Active	NO
8	U45201DL2003PTC123237	ARUSHI BUILDERS PRIVATE LIMITED	Director	25/11/2003	25/11/2003	-	Active	NO
9	U45201DL2003PTC123233	CIVIC PROPERTIES PRIVATE LIMITED	Director	25/11/2003	25/11/2003	-	Active	NO
10	U70101DL2004PTC126482	CIVIC BUILDTECH PRIVATE LIMITED	Director	20/05/2004	20/05/2004	-	Active	NO
11	U70101DL2004PTC126481	ARUSHI BUILDCON PRIVATE LIMITED	Director	20/05/2004	20/05/2004	-	Active	NO
12	U51909DL2005PTC132680	IHDP HOME INTERIORS EXPORT PARKS PRIVATE LIMITED	Director	04/02/2005	04/02/2005	-	Active	NO
13	U70101DL2004PTC126404	ARUSHI VASTU SHILP PRIVATE LIMITED	Director	18/05/2005	18/05/2005	-	Active	NO
14	U45205DL2005PTC134980	NISHYAM CONSTRUCTIONS PRIVATE LIMITED	Director	09/02/2009	01/01/2006	27/02/2009	Active	NO
15	U72200DL2006PTC146328	ANUSHRIA INFOTECH PRIVATE LIMITED	Director	14/02/2006	14/02/2006	-	Active	NO
16	U74899DL2006PTC146330	ANUSHRIA BUILDCON PRIVATE LIMITED	Director	14/02/2006	14/02/2006	-	Active	NO
17	U70102DL2006PTC146326	FERROUS LUXURY WORLD PRIVATE LIMITED	Director	14/02/2006	14/02/2006	01/02/2012	Active	NO
18	U45201DL2006PTC146327	ANUSHRIA ESTATES PRIVATE LIMITED	Director	14/02/2006	14/02/2006	31/03/2009	Active	NO
19	U72200DL2006PTC146317	EPITOME REAL TECH PRIVATE LIMITED	Director	14/02/2006	14/02/2006	22/02/2008	Active	NO
20	U72200DL2006PTC146329	MILLENIUM TECHNOSERVE PRIVATE LIMITED	Director	14/02/2006	14/02/2006	28/03/2014	Active	NO
21	U72200DL2006PTC146318	CENTURY TECHNOSERVE PRIVATE LIMITED	Director	14/02/2006	14/02/2006	26/10/2010	Active	NO
22	U85110DL2005PTC141105	iCARE HEALTH PROJECTS AND RESEARCH PRIVATE LIMITED	Director	09/10/2006	09/10/2006	30/09/2010	Active	NO
23	U92199UP2001PTC026126	ROYALE CLUBS OF INDIA PRIVATE LIMITED	Director	17/01/2007	17/01/2007	01/12/2010	Active	NO
24	U01403DL2007PTC166084	GLOCALEDGE CONSULTANTS PRIVATE LIMITED	Director	20/07/2007	20/07/2007	-	Active	NO
25	U45400DL2007PTC164132	CS DEVELOPERS & PROMOTERS PRIVATE LIMITED	Director	29/07/2008	29/07/2008	-	Active	NO
26	U70103DL2008PTC185767	ANUSHRIA PROPERTIES PRIVATE LIMITED	Director	12/12/2008	12/12/2008	-	Active	NO
27	U45400DL2009PTC186566	ANUSHRIA REALTORS PRIVATE LIMITED	Director	12/01/2009	12/01/2009	-	Active	NO
28	U70109DL2009PTC186622	ANUSHRIA BUILDERS PRIVATE LIMITED	Director	13/01/2009	13/01/2009	-	Active	NO
29	U70109DL2009PTC186625	ANUSHRIA DEVELOPERS PRIVATE LIMITED	Director	13/01/2009	13/01/2009	15/03/2009	Active	NO
30	U70109DL2009PTC186754	ANUSHRIA CONSTRUCTIONS PRIVATE LIMITED	Director	16/01/2009	16/01/2009	-	Active	NO
31	U70200DL2009ULT186855	CLOUD 9 PROJECTS PRIVATE LIMITED	Director	20/01/2009	20/01/2009	-	Active	NO
32	U70101DL2006PTC148689	SHOURYA PROMOTERS PRIVATE LIMITED.	Director	30/09/2010	24/11/2009	-	Active	NO
33	U17113DL1997PLC088224	SOMANI WORSTED LIMITED	Director	07/01/2010	01/01/2010	-	Active	NO
34	U72900DL2009PTC196211	THREE PLATINUM SOFTECH PRIVATE LIMITED	Director	30/09/2010	18/02/2010	28/01/2011	Active	NO
35	U51399DL2003PTC119199	IN TRADING PRIVATE LIMITED	Whole-time director	22/06/2010	22/06/2010	-	Active	NO
36	U52333DL2010PTC202800	IN LIVING FURNITURE PRIVATE LIMITED	Whole-time director	30/09/2011	22/06/2010	-	Active	NO
37	U70102UP2010PTC040459	MADHUR INFRADEVELOPERS PRIVATE LIMITED	Director	03/12/2010	03/12/2010	-	Active	NO
38	U74999DL2011PTC214681	ANUSHRIA INFRATECH PRIVATE LIMITED	Director	23/02/2011	23/02/2011	-	Active	NO
39	U70101DL2011PTC214672	ANUSHRIA REALTECH PRIVATE LIMITED	Director	23/02/2011	23/02/2011	-	Active	NO
40	U45200DL2011PTC214671	ANUSHRIA INFRASTRUCTURE PRIVATE LIMITED	Director	23/02/2011	23/02/2011	-	Active	NO
41	U70101DL2011PTC215094	ANUSHRIA PROMOTERS PRIVATE LIMITED	Director	03/03/2011	03/03/2011	-	Active	NO
42	U70101DL2011PTC215200	ANUSHRIA BUILDTECH PRIVATE LIMITED	Director	04/03/2011	04/03/2011	-	Active	NO
43	U36100DL2011PTC215817	GREAT FURNITURE FACTORY PRIVATE LIMITED	Director	14/03/2011	14/03/2011	-	Active	NO
44	U51909DL2011PTC216011	HOME COUTURE PRIVATE LIMITED	Director	17/03/2011	17/03/2011	-	Active	NO
45	U51909DL2011PTC216009	KOOL INTERIORS PRIVATE LIMITED	Director	17/03/2011	17/03/2011	-	Active	NO
46	U70100DL2011PTC222941	VISMAYA HOMES PRIVATE LIMITED	Director	28/07/2011	28/07/2011	-	Active	NO
47	U70101DL2011PTC212252	THREE C HOMES PRIVATE LIMITED	Director	01/12/2011	01/11/2011	-	Active	NO
48	U85110UP1995PTC018706	PRASANDI BUILDERS PRIVATE LIMITED	Director	12/06/2013	12/06/2013	-	Active	NO
49	U70200DL2013PTC254627	CIVIC BUILDERS PRIVATE LIMITED	Director	01/07/2013	01/07/2013	19/07/2013	Active	NO
50	U70109DL2013PTC255633	CIVIC REALTORS PRIVATE LIMITED	Director	19/07/2013	19/07/2013	-	Active	NO
51	U70200DL2013PTC258809	SHAKUNTALAM LANDCRAFT PRIVATE LIMITED	Director	07/10/2013	07/10/2013	-	Active	NO
52	U70102DL2013PTC259187	SHAKUNTALAM HABITATS PRIVATE LIMITED	Director	14/10/2013	14/10/2013	-	Active	NO
53	U70102DL2013PTC259186	SHAKUNTALAM CREATIONS PRIVATE LIMITED	Director	14/10/2013	14/10/2013	-	Active	NO

Name :

Mr. Aditya Gupta

Designation :

Director

Address :

192A, Saket University Road, Meerut – 250001, Uttar Pradesh, India

Date of Birth/Age :

03.01.1969

Date of Appointment :

14.03.2011

DIN No.:

00177260

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	U15311UP1986PTC008256	IHDP GLOBALS PRIVATE LIMITED	Director	26/06/1996	26/06/1996	-	Active	NO
2	U74899DL1994PTC061089	CIVIC TRADERS PRIVATE LIMITED	Director	24/01/1997	24/01/1997	-	Active	NO
3	U74899DL1995PTC066625	NANDNI ELECTRICAL WORKS PRIVATE LIMITED	Director	01/12/2001	01/12/2001	-	Active	NO
4	U21000DL1995PLC070090	AVK PAPERS LIMITED	Director	07/04/2003	07/04/2003	-	Active	NO
5	U45201DL2003PTC123236	ARUSHI ESTATE PRIVATE LIMITED	Director	25/11/2003	25/11/2003	-	Active	NO
6	U45201DL2003PTC123234	CIVIC ESTATES PRIVATE LIMITED	Director	25/11/2003	25/11/2003	-	Active	NO
7	U45201DL2003PTC123235	ARUSHI PROPERTIES PRIVATE LIMITED	Director	25/11/2003	25/11/2003	-	Active	NO
8	U45201DL2003PTC123237	ARUSHI BUILDERS PRIVATE LIMITED	Director	25/11/2003	25/11/2003	-	Active	NO
9	U45201DL2003PTC123233	CIVIC PROPERTIES PRIVATE LIMITED	Director	25/11/2003	25/11/2003	-	Active	NO
10	U70101DL2004PTC126482	CIVIC BUILDTECH PRIVATE LIMITED	Director	20/05/2004	20/05/2004	-	Active	NO
11	U70101DL2004PTC126481	ARUSHI BUILDCON PRIVATE LIMITED	Director	20/05/2004	20/05/2004	-	Active	NO
12	U51909DL2005PTC132680	IHDP HOME INTERIORS EXPORT PARKS PRIVATE LIMITED	Director	04/02/2005	04/02/2005	-	Active	NO
13	U70101DL2004PTC126404	ARUSHI VASTU SHILP PRIVATE LIMITED	Director	18/05/2005	18/05/2005	-	Active	NO
14	U45205DL2005PTC134980	NISHYAM CONSTRUCTIONS PRIVATE LIMITED	Director	09/02/2009	01/01/2006	27/02/2009	Active	NO
15	U72200DL2006PTC146328	ANUSHRIA INFOTECH PRIVATE LIMITED	Director	14/02/2006	14/02/2006	-	Active	NO
16	U74899DL2006PTC146330	ANUSHRIA BUILDCON PRIVATE LIMITED	Director	14/02/2006	14/02/2006	-	Active	NO
17	U70102DL2006PTC146326	FERROUS LUXURY WORLD PRIVATE LIMITED	Director	14/02/2006	14/02/2006	01/02/2012	Active	NO
18	U45201DL2006PTC146327	ANUSHRIA ESTATES PRIVATE LIMITED	Director	14/02/2006	14/02/2006	31/03/2009	Active	NO
19	U72200DL2006PTC146317	EPITOME REAL TECH PRIVATE LIMITED	Director	14/02/2006	14/02/2006	22/02/2008	Active	NO
20	U72200DL2006PTC146329	MILLENIUM TECHNOSERVE PRIVATE LIMITED	Director	14/02/2006	14/02/2006	28/03/2014	Active	NO
21	U72200DL2006PTC146318	CENTURY TECHNOSERVE PRIVATE LIMITED	Director	14/02/2006	14/02/2006	26/10/2010	Active	NO
22	U85110DL2005PTC141105	iCARE HEALTH PROJECTS AND RESEARCH PRIVATE LIMITED	Director	23/09/2006	23/09/2006	30/09/2010	Active	NO
23	U55101DL2006PLC156889	THREE C HOTEL & RESORTS LIMITED	Director	21/12/2006	21/12/2006	31/07/2007	Strike off	NO
24	U92199UP2001PTC026126	ROYALE CLUBS OF INDIA PRIVATE LIMITED	Director	17/01/2007	17/01/2007	01/12/2010	Active	NO
25	U01403DL2007PTC166084	GLOCALEDGE CONSULTANTS PRIVATE LIMITED	Director	20/07/2007	20/07/2007	-	Active	NO
26	U45400DL2007PTC164132	CS DEVELOPERS & PROMOTERS PRIVATE LIMITED	Director	29/07/2008	29/07/2008	-	Active	NO
27	U70103DL2008PTC185767	ANUSHRIA PROPERTIES PRIVATE LIMITED	Director	12/12/2008	12/12/2008	-	Active	NO
28	U45400DL2009PTC186566	ANUSHRIA REALTORS PRIVATE LIMITED	Director	12/01/2009	12/01/2009	-	Active	NO
29	U70109DL2009PTC186622	ANUSHRIA BUILDERS PRIVATE LIMITED	Director	13/01/2009	13/01/2009	-	Active	NO
30	U70109DL2009PTC186625	ANUSHRIA DEVELOPERS PRIVATE LIMITED	Director	13/01/2009	13/01/2009	15/03/2009	Active	NO
31	U70109DL2009PTC186754	ANUSHRIA CONSTRUCTIONS PRIVATE LIMITED	Director	16/01/2009	16/01/2009	-	Active	NO
32	U70200DL2009ULT186855	CLOUD 9 PROJECTS PRIVATE LIMITED	Director	20/01/2009	20/01/2009	-	Active	NO
33	U70101DL2006PTC148689	SHOURYA PROMOTERS PRIVATE LIMITED.	Director	30/09/2010	24/11/2009	-	Active	NO
34	U17113DL1997PLC088224	SOMANI WORSTED LIMITED	Director	07/01/2010	01/01/2010	-	Active	NO
35	U72900DL2009PTC196211	THREE PLATINUM SOFTECH PRIVATE LIMITED	Director	30/09/2010	18/02/2010	28/01/2011	Active	NO
36	U51399DL2003PTC119199	IN TRADING PRIVATE LIMITED	Managing director	18/02/2012	22/06/2010	-	Active	NO
37	U52333DL2010PTC202800	IN LIVING FURNITURE PRIVATE LIMITED	Whole-time director	30/09/2011	22/06/2010	-	Active	NO
38	U70102UP2010PTC040459	MADHUR INFRADEVELOPERS PRIVATE LIMITED	Director	03/12/2010	03/12/2010	-	Active	NO
39	U74999DL2011PTC214681	ANUSHRIA INFRATECH PRIVATE LIMITED	Director	23/02/2011	23/02/2011	-	Active	NO
40	U70101DL2011PTC214672	ANUSHRIA REALTECH PRIVATE LIMITED	Director	23/02/2011	23/02/2011	-	Active	NO
41	U45200DL2011PTC214671	ANUSHRIA INFRASTRUCTURE PRIVATE LIMITED	Director	23/02/2011	23/02/2011	-	Active	NO
42	U70101DL2011PTC215094	ANUSHRIA PROMOTERS PRIVATE LIMITED	Director	03/03/2011	03/03/2011	30/10/2013	Active	NO
43	U70101DL2011PTC215200	ANUSHRIA BUILDTECH PRIVATE LIMITED	Director	04/03/2011	04/03/2011	-	Active	NO
44	U36100DL2011PTC215817	GREAT FURNITURE FACTORY PRIVATE LIMITED	Director	14/03/2011	14/03/2011	-	Active	NO
45	U51909DL2011PTC216011	HOME COUTURE PRIVATE LIMITED	Director	17/03/2011	17/03/2011	01/06/2013	Active	NO
46	U51909DL2011PTC216009	KOOL INTERIORS PRIVATE LIMITED	Director	17/03/2011	17/03/2011	-	Active	NO
47	U70100DL2011PTC222941	VISMAYA HOMES PRIVATE LIMITED	Director	28/07/2011	28/07/2011	-	Active	NO
48	U70101DL2011PTC212252	THREE C HOMES PRIVATE LIMITED	Director	01/12/2011	01/11/2011	-	Active	NO
49	U70200DL2013PTC254627	CIVIC BUILDERS PRIVATE LIMITED	Director	01/07/2013	01/07/2013	-	Active	NO
50	U70109DL2013PTC255633	CIVIC REALTORS PRIVATE LIMITED	Director	19/07/2013	19/07/2013	-	Active	NO
51	U70102DL2013PTC258979	MJ HABITATS PRIVATE LIMITED	Director	09/10/2013	09/10/2013	-	Active	NO
52	U70100DL2013PTC259440	MJ ASHIYANA PRIVATE LIMITED	Director	22/10/2013	22/10/2013	-	Active	NO
53	U70102DL2013PTC259793	MJ TOWERS PRIVATE LIMITED	Director	01/11/2013	01/11/2013	-	Active	NO
54	U70102DL2013PTC259831	MJ HOMES PRIVATE LIMITED	Director	04/11/2013	04/11/2013	-	Active	NO

Name :

Ms. Poonam Sharma

Designation :

Director

Address :

278, Kailash Hills, New Delhi – 110026, India

Date of Birth/Age :

17.01.1963

Date of Appointment :

24.12.2011

DIN No.:

01145192

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	Company/ LLP Status	Defaulting status
1	U20211DL1998PTC093382	VASTUVIDHA (INDIA) PRIVATE LIMITED.	Director	23/04/1998	23/04/1998	Active	NO
2	U74999DL2004PTC124394	KOKEN HANDICRAFTS PRIVATE LIMITED	Director	03/02/2004	03/02/2004	Active	NO
3	U36100DL2011PTC215817	GREAT FURNITURE FACTORY PRIVATE LIMITED	Director	24/12/2011	24/12/2011	Active	NO

KEY EXECUTIVES

Name :	Mr. Gurnam
Designation :	Accounts Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2013

Names of Shareholders	No. of Shares
Ashish Gupta	4999
Aditya Gupta	4999
Poonam Sharma	2
Total	10000

AS ON 28.09.2013

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Furniture made from Wood, Brass, Steel, Fibre Glass, Plastics or any other Alloys and Handicrafts.
Brand Names :	The Furniture Republic
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

No. of Employees :	20 (Approximately)
Bankers :	v ICICI Bank Limited Meerut, Uttar Pradesh, India v HDFC Bank Limited v Standard Chartered Bank

Banking Relations :	--
Auditors :
Name :	S.S. Gupta and Company Chartered Accountants
Address :	239, Asaura House, Western Kutchery Road, Meerut – 250001, Uttar Pradesh, India
Tel. No.:	91-121-2663564/ 2663565
Income-tax PAN of auditor or auditor's firm :	AAHFS7832F

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100	0.100
(b) Reserves & Surplus	(5.323)	(5.713)	(0.006)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	(5.223)	(5.613)	0.094
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	91.745	41.793	1.512
(b) Trade payables	8.227	4.774	0.000
(c) Other current liabilities	2.400	1.023	0.006
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	102.372	47.590	1.518
TOTAL	97.149	41.977	1.612
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	28.079	15.956	0.000
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	28.079	15.956	0.000
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	30.610	15.586	0.000
(c) Trade receivables	15.312	0.123	0.000
(d) Cash and cash equivalents	1.620	0.869	0.100
(e) Short-term loans and advances	20.006	9.310	1.500
(f) Other current assets	1.522	0.133	0.012
Total Current Assets	69.070	26.021	1.612
TOTAL	97.149	41.977	1.612

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	19.689	2.242	0.000
		Other Income	13.877	0.008	0.000
		TOTAL	33.566	2.250	0.000
Less	EXPENSES
		TOTAL	31.931	9.087	0.006
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		1.635	(6.837)	(0.006)
Less/ Add	DEPRECIATION/ AMORTISATION		1.246	(1.130)	0.000
	PROFIT/ (LOSS) BEFORE TAX		0.389	(5.707)	(0.006)
Less	TAX		0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX		0.389	(5.707)	(0.006)
	Earnings/ (Loss) Per Share (Rs.)		38.91	(570.69)	(0.56)

Particulars	31.03.2014
Sales Turnover (Approximately)	57.100

The above information has been parted by Mr. Gurnam (Accounts Manager)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	1.16	(253.64)	0.00
Net Profit Margin (PBT/Sales)	(%)	1.98	(254.55)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	0.40	(13.60)	(0.37)
Return on Investment (ROI) (PBT/Networth)		(0.07)	1.02	(0.06)
Debt Equity Ratio (Total Debt/Networth)		(17.57)	(7.45)	16.09
Current Ratio (Current Asset/Current Liability)		0.67	0.55	1.06

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.100	0.100	0.100
Reserves & Surplus	(0.006)	(5.713)	(5.323)
Net worth	0.094	(5.613)	(5.223)
long-term borrowings	0.000	0.000	0.000
Short term borrowings	1.512	41.793	91.745
Total borrowings	1.512	41.793	91.745
Debt/Equity ratio	16.085	(7.446)	(17.566)

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	0.000	2.242	19.689
			778.189

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	0.000	2.242	19.689
Profit/ (Loss)	(0.006)	(5.707)	0.389
		(254.55%)	1.98%

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 three years	Yes
12]	Profitability for last three 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	No
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	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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

UNSECURED LOANS

UNSECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
SHORT TERM BORROWINGS
Repayable on demand
From Directors
Aditya Gupta	45.885	12.305
Ashish Gupta	45.860	29.488
Total	91.745	41.793

FIXED ASSETS:

v Building

v Furniture

v Generator

v Office Equipments

v Security System

v Vehicles

v Air Conditioner

v Computer

v Machine

v Refrigerator

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 :	DIV
Report Prepared by :	BVA

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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--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.