MIRA INFORM REPORT

Report No. :	314915
Report Date :	02.04.2015

IDENTIFICATION DETAILS

Name :	SATRA INTERNATIONAL PRIVATE LIMITED
Registered Office :	D-44, Shivaji Market, Tagore Garden Extention, New Delhi - 110027
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	17.02.2010
Com. Reg. No.:	55-199174
Capital Investment / Paid-up Capital :	Rs. 0.400 Million
CIN No.: [Company Identification No.]	U29253DL2010PTC199174
IEC No.:	0510073654
TAN No.: [Tax Deduction & Collection Account No.]	DELS40582D
PAN No.: [Permanent Account No.]	AANCS8541G
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Portable Induction Heating Machinery.
No. of Employees :	50 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 2500
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate scales of business operations and small net worth of the company. However, trade relations are fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing with some caution.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

NOT AVAILABLE

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 PARTED BY

Name :	Mr. Nitin Kapoor
Designation :	Director
Contact No.:	91-9810109848
Date :	28.03.2014

LOCATIONS

Registered Office :	D-44, Shivaji Market, Tagore Garden Extention, New Delhi - 110027
Tel. No.:	91-11-25415437 /25446237 /25417034
Mobile No.:	91-9810109848 / 9810809848 / 9810001305 (Mr. Nitin Kapoor)
Fax No.:	91-11-25261304 /25415437 /25446237
E-Mail :	satraitin@yahoo.com akmace29@gmail.com
Website :	http://www.satrainternational.in
Area :	1700 Sq. ft.
Location :	Owned
Factory :	5564/195 T.I 98, Gurgaon – 121001, Haryana, India
Area :	1700 Sq. ft.
Location :	Owned

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Nitin Kapoor

Designation :

Director

Address :

G-80 Pushkar Enclave Outer Ring Road, Paschim Vihar,Delhi – 110063, India

Date of Birth/Age :

14.06.1979

Date of Appointment :

17.02.2010

DIN No.:

02069524

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	U29219DL2006PTC155955	SAERA AUTO INDIA PRIVATE LIMITED	Director	04-08-2009	04-08-2009	Active	NO
2	U29253DL2010PTC199174	SATRA INTERNATIONAL PRIVATE LIMITED	Director	17-02-2010	17-02-2010	Active	NO
3	U50300DL2011PTC223868	SAERA ELECTRIC AUTO PRIVATE LIMITED	Director	18-08-2011	18-08-2011	Active	NO
4	U15141RJ2008PTC026586	MAYURI UDYOG PRIVATE LIMITED	Director	29-09-2014	23-07-2014	Active	NO

Name :

Mr. Vijay Kapoor

Designation :

Director

Address :

G-80 Pushkar Enclave Outer Ring Road, Paschim Vihar, Delhi – 110063, India

Date of Birth/Age :

01.06.1949

Date of Appointment :

17.02.2010

DIN No.:

02852110

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	U45200DL2009PTC186913	ARYAN INFRATECH PRIVATE LIMITED	Additional director	23-11-2009	23-11-2009	02-02-2015	Active	NO
2	U29253DL2010PTC199174	SATRA INTERNATIONAL PRIVATE LIMITED	Director	17-02-2010	17-02-2010	-	Active	NO
3	U29219DL2006PTC155955	SAERA AUTO INDIA PRIVATE LIMITED	Director	30-09-2010	05-04-2010	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Nitin Kapoor	20,000	50.00
Vijay Kapoor	20,000	50.00
Total	40,000	100.00

AS ON 30.09.2014

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

BUSINESS DETAILS

Line of Business :	Manufacturer of Portable Induction Heating Machinery.
Products/ Services :	· Low Frequency Induction Heating Machine · Medium Frequency Induction Heating Machine · High Frequency Induction Heating Machine · Ultra High Frequency Induction Heating Machine · Induction Billet Heaters For Forgings · Induction Melting Furnaces · Brazing · Induction Annealing Machine · Induction Tempering Machine · Induction Hardening · Induction Billet Hearteing · Poweder Metallurgy · Induction Soldering
Brand Names :	--
Agencies Held :	--
Exports :
Products :	Equipment’s
Countries :	· US · Pakistan · Australia
Imports :
Products :	Raw Materials
Countries :	· China · Taiwan
Terms :
Selling :	Cash and Credit (30 Days / 60 Days / 90 Days)
Purchasing :	Cash and Credit (30 Days / 60 Days / 90 Days)

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Good International Trading Company Limited
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

· Rhein Cargo Movers Private Limited

· Advance Engineering Company

· Ashok K. Mahindra and Company

· Global Express Courier

· Infocom Network Limited

Customers :

End Users and OEMs

Reference:	Imperial Auto Industries
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

· Agro Havest Centre

No. of Employees :

50 (Approximately)

Bankers :

Bank Name:	ICICI Bank Limited
Branch:	Vishal Enclave, Delhi – 110027, India
Person Name (with Designation):	Not Divulged
Contact Number:	Not Divulged
Name of Account Holder:	Not Divulged
Account Number:	Not Divulged
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

Banking Relations :	--
Auditors :
Name :	Ashok Gupta Chartered Accountant
Address :	205, Magnum House-2, Karampura, Commercial Complex, New Delhi - 110015, India
Tel. No.:	91-11-25920645/ 41427995
Income-tax PAN of auditor or auditor's firm :	AAGPG6310F
Associates/Subsidiaries :	Satra Agricultural Engineers, Delhi Line of Business: Manufacturing of Agricultural Machines like Rotavator. Kapoor Engineering Works, Delhi Line of Business: Manufacturing of Automobile Parts. Sun Shri Aasha Ramji Udyog, Panipat Line of Business: Manufacturing of Iron Casting. Agro Hardware Center, Delhi Line of Business: Harvestor Combines Parts. Satra Agro, Delhi Line of Business: Manufacturing of Components

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
2,000,000	Equity Shares	Rs. 10/- each	Rs.20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
40,000	Equity Shares	Rs. 10/- each	Rs. 0.400 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.400	0.400	0.400
(b) Reserves & Surplus	0.477	(0.131)	(0.076)
(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)	0.877	0.269	0.324
(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	0.020	0.020
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.020	0.020
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	10.048	0.630	0.000
(c) Other current liabilities	1.050	0.400	0.000
(d) Short-term provisions	0.291	0.061	0.006
Total Current Liabilities (4)	11.389	1.091	0.006
TOTAL	12.266	1.380	0.350
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.010	0.000	0.000
(ii) Intangible Assets	0.102	0.154	0.205
(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	0.112	0.154	0.205
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	6.546	0.000	0.000
(c) Trade receivables	3.755	0.230	0.000
(d) Cash and cash equivalents	0.683	0.966	0.145
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	1.170	0.030	0.000
Total Current Assets	12.154	1.226	0.145
TOTAL	12.266	1.380	0.350

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income		0.675	0.000
		Other Income		0.000	0.000
		TOTAL	NA	0.675	0.000
Less	EXPENSES
		Cost of Materials Consumed		0.600	0.000
		Employees benefits expense		0.045	0.000
		Other expenses		0.085	0.062
		TOTAL	NA	0.730	0.062
	PROFIT/ (LOSS) BEFORE , TAX, DEPRECIATION AND AMORTISATION		0.608	(0.055)	(0.062)
Less	FINANCIAL EXPENSES		0.000	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		0.608	(0.055)	(0.062)
Less/ Add	DEPRECIATION/ AMORTISATION		0.001	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX		0.607	(0.055)	(0.062)
Less	TAX		0.249	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX		0.856	(0.055)	(0.062)
	Earnings/ (Loss) Per Share (Rs.)		21.40	(1.30)	(1.55)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	NA	(8.15)	0.00
Operating Profit Margin (PBDIT/Sales)	(%)	NA	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	4.95	(3.99)	(17.71)
Return on Investment (ROI) (PBT/Networth)		0.69	(0.20)	(0.19)
Debt Equity Ratio (Total Debt/Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.07	1.12	24.17

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.400	0.400	0.400
Reserves & Surplus	(0.076)	(0.131)	0.477
Net worth	0.324	0.269	0.877
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last two years	Yes
12]	Profitability for last 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	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	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

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. 62.59
UK Pound	1	Rs. 92.46
Euro	1	Rs. 67.51

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	KAR
Report Prepared by :	ARC

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		27

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.