MIRA INFORM REPORT

Report Date :

26.09.2014

IDENTIFICATION DETAILS

Name :	JATALIA GLOBAL VENTURES LIMITED (w.e.f. 18.03.2011)
Formerly Known As :	VISHAKHA INFOTECH LIMITED
Registered Office :	A-48/40, DLF Phase-1, Gurgaon – 122002, Haryana
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	29.12.1999
Com. Reg. No.:	05-048972
Capital Investment / Paid-up Capital :	Rs.36.687 Millions
CIN No.: [Company Identification No.]	U72200HR1999PLC048972
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Distributes minerals, polymers, chemicals, ferro alloys, spices, and natural rubber products.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 500000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Profit margin of the company is low. However, net worth of the company is satisfactory. General financial position of the company is normal and acceptable for business dealings. Trade relations are reported as fair. Business is active. Payments terms are reported to be slow but correct. The company can be considered normal for business dealings at usual 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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

N E W S

Verdict Implications : Apex court order may alter coal import dynamics. Traders go slow on talks over coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.

Recent arrest of the Chennai head of the Registrar of Companies, the ministry of corporate affairs arm that ensures that companies file all the information required by the Companies Act is the latest manifestation of a messy fight between a father and his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as bribe from M A M Ramaswamy, a CBI official said.

Central Bureau of Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.

Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would take a few more quarters to bring down levels to 13-15 %.

DHL  to invest Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its e-commerce business model for the Asia-Pacific region.

Blackstone may buy stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.

Kingfisher Airlines Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses, recently approached the Delhi high court for relief in two separate cases. The airline challenged a notice by Punjab & National Bank alleging that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with the requirements under the listing agreements with the Stock Exchanges.

OnMobile likely to sack another 300 employees. The lay-offs follow a spate of senior-level exits over the past two years, starting with of its founder. The overall lay-offs could number around 600 and are driven by the need to cut costs, says a former employee.

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 31-03-2014.

INFORMATION DECLINED

MANAGEMENT NON – COEORPATIVE (91-11-40424242)

LOCATIONS

Registered Office :	A-48/40, DLF Phase-1, Gurgaon – 122002, Haryana, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	info@jatalia.in
Website :	www.jatalia.in

DIRECTORS

As on 30.09.2013

Name :

Mr. Anil Kumar Jain

Designation :

Managing director

Address :

C-97, Antriksh Apartments, New Town CGHS, Sector – 14 Extension, Tohini, Delhi – 110085, India

Date of Birth/Age :

15.11.1962

Qualification:

CA

Date of Appointment :

23.09.2011

DIN No.:

00014601

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	U74140DL2004PTC126540	PANOPTIC ALLIANCE PRIVATE LIMITED	Director	21/05/2004	21/05/2004	05/02/2009	Active	NO
2	L15142HR1987PLC049459	AASHEE INFOTECH LIMITED	Director	29/09/2010	04/03/2005	-	Active	NO
3	U72200HR1999PLC048972	JATALIA GLOBAL VENTURES LIMITED.	Managing director	23/09/2011	21/03/2005	-	Active	NO
4	U74899DL1982PTC013360	LUSA BUILDERS PRIVATE LIMITED	Director	11/06/2007	07/02/2007	31/01/2009	Active	NO
5	U45209HR2007PTC049173	JATALIA INDUSTRIAL PARK PRIVATE LIMITED	Director	04/04/2007	04/04/2007	24/06/2009	Active	NO
6	U51102DL2004PTC129168	A S TRADELINK PRIVATE LIMITED	Director	02/07/2007	02/07/2007	04/02/2009	Active	NO
7	U01403PB2006PTC030745	BLUE COAST GREENS PRIVATE LIMITED	Director	16/08/2007	16/08/2007	23/01/2009	Active	NO
8	U34300DL2004PTC131051	BALRAJ AUTO PARTS PRIVATE LIMITED	Director	05/01/2012	12/09/2007	-	Active	NO
9	U29214HP1987PLC007699	INDIAN TECHNOMAC COMPANY LIMITED	Additional director	24/05/2008	24/05/2008	21/11/2008	Active	NO
10	U27109DL2003PTC123364	GEE ISPAT PRIVATE LIMITED.	Director	29/05/2008	29/05/2008	07/10/2008	Active	NO
11	U25209DL1996PTC075125	VOGUE MERCANTILE PRIVATE LIMITED	Director	01/08/2008	01/08/2008	05/08/2010	Active	NO
12	U74899HR1971PTC048592	LUSA PRIVATE LIMITED	Director	23/08/2008	23/08/2008	-	Active	NO
13	U65922DL1990PLC039958	JATALIA FINANCE COMPANY LIMITED	Director	15/04/2011	15/04/2011	-	Active	NO
14	U40107DL2010PTC200802	SDE ENERGY AND INFRASTRUCTURE HOLDINGS PRIVATE LIMITED	Additional director	10/08/2011	10/08/2011	18/02/2012	Active	NO
15	U74899DL1994PTC061476	INDO JATALIA SECURITIES PRIVATE LIMITED	Director	22/10/2012	22/10/2012	-	Active	NO
16	U70102DL2010PTC206419	NEW HORIZONS BUILDHEIGHTS PRIVATE LIMITED	Additional director	07/11/2012	07/11/2012	10/08/2013	Active	NO
17	U45200DL1995PLC071617	INDO JATALIA COMMODITIES LIMITED	Director	07/09/2013	01/01/2013	-	Active	NO
18	U74999DL2014PTC265932	BROOKLYN FINCON PRIVATE LIMITED	Additional director	17/06/2014	17/06/2014	-	Active	NO

Name :

Mr. Anshu Jain

Designation :

Director

Address :

C-97, Antriksh Apartments, New Town CGHS, Sector – 14 Extension, Tohini, Delhi – 110085, India

Date of Birth/Age :

01.08.1968

Date of Appointment :

09.06.2011

DIN No.:

00036156

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	U65922DL1990PLC039958	JATALIA FINANCE COMPANY LIMITED	Director	01/05/1994	01/05/1994	18/04/2011	Active	NO
2	U74899DL1991PTC046329	SIDHVANDAN ENTERPRISES PRIVATE LIMITED	Director	25/08/1994	25/08/1994	02/06/2008	Active	NO
3	U74899DL1993PTC055652	SAMBHAV AGRO FOODS PRIVATE LIMITED	Director	13/04/2005	13/04/2005	12/01/2008	Active	NO
4	U74140DL2004PTC126540	PANOPTIC ALLIANCE PRIVATE LIMITED	Director	04/01/2006	04/01/2006	05/05/2011	Active	NO
5	U55101DL2006PTC146939	JATALIA HOTELS PRIVATE LIMITED	Director	01/03/2006	01/03/2006	18/02/2011	Active	NO
6	U55101DL2006PTC146938	SB INFOSOFT LUDHIANA PRIVATE LIMITED	Director	01/03/2006	01/03/2006	22/01/2008	Active	NO
7	U55101DL2006PTC146940	HARSHEE HOTELS PRIVATE LIMITED	Director	01/03/2006	01/03/2006	22/02/2011	Active	NO
8	U99999DL2006PTC148028	RUPANSHU REALTORS PRIVATE LIMITED	Director	01/07/2013	27/03/2006	-	Active	NO
9	U70101DL2006PTC148581	JATALIA PROPERTIES PRIVATE LIMITED.	Director	14/06/2006	14/06/2006	19/02/2011	Active	NO
10	U72900DL2006PTC150293	NORTHERN INDIA COMPUTER EMBROIDERY PRIVATE LIMITED	Director	26/06/2006	26/06/2006	06/04/2012	Active	NO
11	U45209HR2007PTC049173	JATALIA INDUSTRIAL PARK PRIVATE LIMITED	Director	04/04/2007	04/04/2007	-	Active	NO
12	U51102DL2004PTC129168	A S TRADELINK PRIVATE LIMITED	Director	02/07/2007	02/07/2007	21/06/2010	Active	NO
13	U70101DL2006PTC148027	ASHARFI PROPERTIES AND DEVELOPRS PPRIVATE LIMITED	Director	15/05/2008	15/05/2008	26/02/2011	Active	NO
14	U29214HP1987PLC007699	INDIAN TECHNOMAC COMPANY LIMITED	Director	30/09/2009	21/11/2008	09/04/2010	Active	NO
15	U24233DL2009PTC191596	INDIAN TECHNOINVESTMENT PRIVATE LIMITED	Director	25/06/2009	25/06/2009	21/06/2010	Active	NO
16	U27205DL2009PLC192248	INDIAN TECHNOMETAL COMPANY LIMITED	Director	15/07/2009	15/07/2009	21/06/2010	Active	NO
17	U27205DL2009PTC192245	INDIAN TECHNOALLOYS COMPANY PRIVATE LIMITED	Director	15/07/2009	15/07/2009	21/06/2010	Active	NO
18	U70102DL2010PTC206419	NEW HORIZONS BUILDHEIGHTS PRIVATE LIMITED	Director	29/07/2010	29/07/2010	22/08/2012	Active	NO
19	U51101DL2009PTC195779	TORRENS ELECTROTECH PRIVATE LIMITED	Director	01/09/2010	01/09/2010	-	Active	NO
20	U72900DL2010PTC197679	ACUTE INFO SOLUTION PRIVATE LIMITED	Director	01/12/2010	01/12/2010	-	Active	NO
21	U74899DL2005PLC139160	PREMIER UDYOG LIMITED	Director	31/03/2011	31/03/2011	14/05/2012	Active	NO
22	U45200DL1995PLC071617	INDO JATALIA COMMODITIES LIMITED	Director	09/05/2011	09/05/2011	-	Active	NO
23	U72200HR1999PLC048972	JATALIA GLOBAL VENTURES LIMITED.	Director	09/06/2011	09/06/2011	-	Active	NO
24	U74899DL1994PTC061476	INDO JATALIA SECURITIES PRIVATE LIMITED	Director	20/07/2011	20/07/2011	-	Active	NO
25	U51109DL1994PLC195260	INDO JATALIA HOLDINGS LIMITED	Director	10/08/2011	10/08/2011	-	Active	NO
26	U40106DL2011PTC225356	JATALIA GREEN ENERGY PRIVATE LIMITED	Director	22/09/2011	22/09/2011	-	Active	NO

Name :

Mr. Brij Kishore Sharma

Designation :

Director

Address :

AB-162, Vivekanand Marg, Nirman Nagar, Ajmer Road, Jaipur – 302020, Rajasthan, India

Date of Birth/Age :

16.09.1966

Qualification:

CS. LLB

Date of Appointment :

28.04.2011

DIN No.:

01448438

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	U67120RJ2000PLC016337	JSEL SECURITIES LIMITED	Whole-time director	10/11/2006	11/10/2003	13/10/2007	Active	NO
2	U67110RJ1983PLC002861	JAIPUR STOCK EXCHANGE LTD	Whole-time director	27/03/2007	27/03/2007	13/10/2007	Active	NO
3	U51101DL2009PTC195779	TORRENS ELECTROTECH PRIVATE LIMITED	Director	15/04/2011	15/04/2011	15/10/2013	Active	NO
4	U72200HR1999PLC048972	JATALIA GLOBAL VENTURES LIMITED.	Director	28/04/2011	28/04/2011	12/10/2013	Active	NO
5	U45200DL1995PLC071617	INDO JATALIA COMMODITIES LIMITED	Director	09/05/2011	09/05/2011	31/10/2013	Active	NO
6	U74899DL1994PTC061476	INDO JATALIA SECURITIES PRIVATE LIMITED	Director	20/07/2011	20/07/2011	10/12/2013	Active	NO
7	U40106DL2011PTC225356	JATALIA GREEN ENERGY PRIVATE LIMITED	Director	22/09/2011	22/09/2011	03/10/2013	Active	NO
8	U74900RJ2013PTC042625	BRIJDEEP CORPORATE CONSULTANTS PRIVATE LIMITED	Director	23/05/2013	23/05/2013	-	Active	NO
9	U80302RJ2013PTC043587	EDUCATORS INSTITUTE PRIVATE LIMITED	Director	27/08/2013	27/08/2013	-	Active	NO

Name :

Mr. Jatinder Kumar Sharma

Designation :

Director

Address :

144, Pocket – 6, Sector – 23, Rohini, Delhi – 110085, India

Date of Birth/Age :

24.09.1955

Date of Appointment :

23.08.2011

DIN No.:

03511020

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	U67120RJ2000PLC016337	JSEL SECURITIES LIMITED	Whole-time director	10/11/2006	11/10/2003	13/10/2007	Active	NO
2	U67110RJ1983PLC002861	JAIPUR STOCK EXCHANGE LTD	Whole-time director	27/03/2007	27/03/2007	13/10/2007	Active	NO
3	U51101DL2009PTC195779	TORRENS ELECTROTECH PRIVATE LIMITED	Director	15/04/2011	15/04/2011	15/10/2013	Active	NO
4	U72200HR1999PLC048972	Jatalia Global Ventures Limited.	Director	28/04/2011	28/04/2011	12/10/2013	Active	NO
5	U45200DL1995PLC071617	INDO JATALIA COMMODITIES LIMITED	Director	09/05/2011	09/05/2011	31/10/2013	Active	NO
6	U74899DL1994PTC061476	INDO JATALIA SECURITIES PRIVATE LIMITED	Director	20/07/2011	20/07/2011	10/12/2013	Active	NO
7	U40106DL2011PTC225356	JATALIA GREEN ENERGY PRIVATE LIMITED	Director	22/09/2011	22/09/2011	03/10/2013	Active	NO
8	U74900RJ2013PTC042625	BRIJDEEP CORPORATE CONSULTANTS PRIVATE LIMITED	Director	23/05/2013	23/05/2013	-	Active	NO
9	U80302RJ2013PTC043587	EDUCATORS INSTITUTE PRIVATE LIMITED	Director	27/08/2013	27/08/2013	-	Active	NO

Name :

Mr. Mayank Jain

Designation :

Director

Address :

E-4/142, Block – E, PKT – 4, Sector – 7, Rohini, Delhi 11005, India

Date of Birth/Age :

11.11.1986

Qualification:

Post Graduate

Date of Appointment :

12.03.2012

DIN No.:

03513685

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	U72200HR1999PLC048972	Jatalia Global Ventures Limited.	Director	22/08/2012	12/03/2012	-	Active	NO
2	U74899DL2005PLC139160	PREMIER UDYOG LIMITED	Director	12/05/2012	12/05/2012	-	Active	NO
3	U51909DL2013PTC255283	AMS VENTURES PRIVATE LIMITED	Director	12/07/2013	12/07/2013	-	Active	NO

Name :

Mr. Amrit Kumar Agrawal

Designation :

Director

Address :

K-31/14A, Upper, Ground Floor, Model Town – 111, Delhi – 110009, India

Date of Birth/Age :

27.01.1968

Date of Appointment :

17.12.2012

DIN No.:

00064314

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	U22219MH1991PLC060717	MULTI-FLEX LAMI-PRINT LIMITED	Director	01/12/2000	01/12/2000	01/06/2012	Active	NO
2	U32109HP2000PTC023367	HIMALAYAN CREST POWER PRIVATE LIMITED	Director	03/01/2003	03/01/2003	-	Active	NO
3	U40101DL2004PLC126765	CLC POWER LIMITED	Director	28/09/2005	28/09/2005	-	Active	NO
4	U17124DL2003PLC155044	INDO RAMA TEXTILES LIMITED	Director	21/07/2006	21/07/2006	-	Amalgamated	NO
5	L74899DL1991PLC138153	SPENTEX INDUSTRIES LIMITED	Whole-time director	28/04/2010	28/04/2007	-	Active	NO
6	U72200HR1999PLC048972	JATALIA GLOBAL VENTURES LIMITED.	Director	30/09/2013	17/12/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

NOT AVAILABLE

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Bodies corporate	20.06
Directors or relatives of Directors	61.10
Other top fifty shareholders	18.84
Total	100.00

BUSINESS DETAILS

Line of Business :

Distributes minerals, polymers, chemicals, ferro alloys, spices, and natural rubber products.

Products :

Item Code No.	Product Description
84713010	Computer and Hardware Parts
52091100	Cotton Fabrics
10063020	Basmati Rice
84552110	Imported Material
76051100	aluminium wire
74081900	Copper wire
72192390	Hot Rolled other Type
72155010	Mild Steel pipe
72015010	Spong Iron

GENERAL INFORMATION

No. of Employees :

Information declined by the management

Bankers :

· Bank of India, D-183, Peeragarhi Chowk, Near Peeragarhi Metro, Station, Rohtak road, Delhi - 110087, Delhi, India

· Bank of India, New Delhi S. M. E. Branch, D-4, Udyog Nagar, Rohtak Road, New Delhi - 110041, Delhi, India

Facilities :

Secured Loan	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Long-term Borrowings
Loans taken for vehicles	0.256	0.540
Short-term borrowings
Loans repayable on demand from banks	41.377	20.007
Total	41.633	20.547

Banking Relations :
Auditors :
Name :	Pawan Shyam Jain and Company Chartered Accountants
Address :	211, Amber Tower, Commercial Complex, Azadpur, Delhi, India
PAN N Income-tax PAN of auditor or auditor's firm :	ADLPJ7888B
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:	· Aashee Infotech Limited, India [L15142HR1987PLC049459] · Indo Jatalia Holdings Limited, India [U51109DL1994PLC195260] · Balraj Auto Parts Private Limited, India [U34300DL2004PTC131051]

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs.5/- each	Rs. 50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
7337470	Equity Shares	Rs.5/- each	Rs. 36.687 Millions

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	36.687	29.777	29.777
(b) Reserves & Surplus	87.119	57.340	54.701
(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)	123.806	87.117	84.478
(3) Non-Current Liabilities
(a) long-term borrowings	0.256	0.540	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.009
(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)	0.256	0.540	0.009
(4) Current Liabilities
(a) Short term borrowings	41.377	20.007	0.000
(b) Trade payables	87.008	167.365	50.947
(c) Other current liabilities	2.826	1.294	0.000
(d) Short-term provisions	8.289	0.138	0.578
Total Current Liabilities (4)	139.500	188.804	51.525
TOTAL	263.562	276.461	136.012
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3.127	1.217	0.056
(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	3.845	3.407	0.000
(c) Deferred tax assets (net)	0.102	0.039	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	7.074	4.663	0.056
(2) Current assets
(a) Current investments	0.000	0.000	0.013
(b) Inventories	0.000	5.864	85.089
(c) Trade receivables	206.707	210.158	36.956
(d) Cash and cash equivalents	20.235	31.806	0.269
(e) Short-term loans and advances	29.546	23.970	13.629
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	256.488	271.798	135.956
TOTAL	263.562	276.461	136.012

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	4243.043	3037.779	965.969
	Other Income	6.303	1.180	0.000
	TOTAL (A)	4249.346	3038.959	965.969
Less	EXPENSES
	Purchases of Stock-in-Trade	4192.959	2940.854	1046.501
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	5.864	79.126	(85.089)
	Employees benefits expense	10.385	7.388	0.733
	Other expenses	7.659	3.298	0.776
	Prior period items	(25.097)	(3.403)	0.000
	Exceptional items	0.000	(0.226)	0.000
	TOTAL (B)	4191.770	3027.037	962.921
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	57.576	11.922	3.048
Less	FINANCIAL EXPENSES (D)	6.994	4.643	1.295
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	50.582	7.279	1.753
Less/ Add	DEPRECIATION/ AMORTISATION (F)	0.388	0.247	0.030
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	50.194	7.032	1.723
Less	TAX (I)	7.757	0.990	0.585
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	42.437	6.042	1.138
	Earnings / (Loss) Per Share (Rs.)	2.58	0.44	0.19

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	1.00	0.20	0.12
Net Profit Margin (PBT/Sales)	(%)	1.18	0.23	0.18
Return on Total Assets (PBT/Total Assets}	(%)	19.33	2.58	1.27
Return on Investment (ROI) (PBT/Networth)		0.41	0.08	0.02
Debt Equity Ratio (Total Debt /Networth)		0.34	0.24	0.00
Current Ratio (Current Asset/Current Liability)		1.84	1.44	2.64

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	29.777	29.777	36.687
Reserves & Surplus	54.701	57.340	87.119
Net worth	84.478	87.117	123.806
long-term borrowings	0.000	0.540	0.256
Short term borrowings	0.000	20.007	41.377
Total borrowings	0.000	20.547	41.633
Debt/Equity ratio	0.000	0.236	0.336

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	965.969	3037.779	4243.043
		214.480	39.676

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	965.969	3037.779	4243.043
Profit	1.138	6.042	42.437
	0.12%	0.20%	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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
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	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	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

OPERATING RESULTS AND PROFITS

The Company is continuously moving towards its journey of excellence in the Import /Export segment.

For the year, the gross turnover increased by 39.83% at Rs. 4249.400 Millions as compared to Rs.3039.000 Millions in the previous year. Profit before tax rose to Rs.25.097 Millions as against preceding year's profit at Rs. 3.629 Millions. After tax adjustment, the net profit has risen to Rs. 17.340 Millions as against preceding years profit at Rs. 2.639 Millions in the previous year.

FUTURE OUTLOOK

The Company will continue with International Trade with imports the Products like Petro Chemical, polymer, Ferro Alloys and Metals and Scrap etc. and will continue to do business with many countries i.e. South Africa, Middle East, Turkey, Africa, Georgia, Thailand, Poland, Bangladesh, Sri Lanka, Indonesia, Vietnam and USA. In Developed Market, the company will concentrate to provide maximum services of products from different Countries.

The Company plans to procure a warehouse in Dubai as a part of Business expansion. The purpose of the warehouse would be store its products which would be purchased/manufactured/recycled etc in Dubai itself through its subsidiary which will result in increasing the turnover by increased number of products ready for sale at a point of time.

Further the Company is in the process of being merged wherein M/s. Lusa Private Limited, M/s. Jatalia Industrial Park Private Limited, M/s. Surya Soft-tech Limited and M/s. Jatalia Global Ventures Limited shall be merged with M/s. Aashee Infotech Limited, a BSE listed Company and thereafter the name of the resultant Company shall be M/s. Jatalia Global Ventures Limited. The rationale behind the Merger is :

· To enable better leverage of facilities, infrastructure and human resources and for better administration.

· To strengthening and consolidating the position of the Company and enabling it to participate more vigorously and profitably in an increasingly competitive and liberalized market.

· That the amalgamation will give the consolidated companies better finances, facilities, adequate resource mobilization to sustain growth

· To enhance the shareholder value by becoming part of a stronger operating entity, rationalization of inter-company transactions, etc.

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10466052	05/12/2013	65,000,000.00	BANK OF INDIA	D-183, PEERAGARHI CHOWK, NEAR PEERAGARHI METRO, S TATION, ROHTAK ROAD, DELHI, DELHI - 110087, INDIA	B91913665
2	10317106	05/11/2011	100,000,000.00	BANK OF INDIA	NEW DELHI S. M. E. BRANCH, D-4, UDYOG NAGAR, ROHTAK ROAD, NEW DELHI, DELHI - 110041, INDIA	B25103276
3	10317104	02/11/2011	500,000.00	BANK OF INDIA	AZADPUR BRANCH, PLOT NO.12, NEW SABZI MANDI, AZADPUR, NEW DELHI, DELHI - 110033, INDIA	B25102054

FIXED ASSETS

Tangible assets

· Vehicles

· Office equipment

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.61.02
UK Pound	1	Rs.99.43
Euro	1	Rs.77.84

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	DIV
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--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		43

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.