MIRA INFORM REPORT

Report No. :	316073
Report Date :	08.04.2015

IDENTIFICATION DETAILS

Name :	SHIV GANESH EXIM PRIVATE LIMITED

Registered Office :	A - 100, Khasra No 50/4, Behind Friends, Dharam Kanta, Shahabad Daulatpur, New Delhi – 110042

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	09.09.2006

Com. Reg. No.:	55 – 153402

Capital Investment / Paid-up Capital :	Rs. 2.500 Million

CIN No.: [Company Identification No.]	U51500DL2006PTC153402

IEC No.:	506051048

TAN No.: [Tax Deduction & Collection Account No.]	DELS32508A

PAN No.: [Permanent Account No.]	AAKCS1594A

Legal Form :	Private Limited Liability Company

Line of Business :	Trader and Importer of Non – Ferrous metal i.e. Scrap

No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 8200

Status :	Moderate

Payment Behaviour :	Slow But Correct

Litigation :	Clear

Comments :	Subject is an established company having moderate track record. The rating reflects company moderate financial risk profile marked by low profit margin and low reserves level of the company. However, trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings 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

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

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	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. Prakash Khandelwal
Designation :	Director
Contact No.:	91-9810320828
Date :	07.04.2015

LOCATIONS

Registered Office :	A - 100, Khasra No 50/4, Behind Friends, Dharam Kanta, Shahabad Daulatpur, Delhi – 110042, Delhi
Tel. No.:	91-11-27290827
Mobile No.:	91-9810320828 (Mr. Prakash Khandelwal)
Fax No.:	Not Available
E-Mail :	sanjayjhalani1968@gmail.com
Area :	40,000 Sq. ft.
Location :	Owned

Warehouse :	Khasra No. 560, Main Libaspur Road, Siraspur road, Delhi – 110042, India

DIRECTORS

As on 30.09.2014

Name :	Mr. Chander Prakash Khandelwal
Designation :	Director
Address :	A – 328 Shastri Nagar, Delhi – 110052, Delhi India
Date of Birth/Age :	03.08.1978
Date of Appointment :	09.09.2008
DIN No.:	01261092
PAN No.:	AFXPK7933E

Name :	Mr. Manoj Khandelwal
Designation :	Director
Address :	756 Baba Farid Puri, West Patel Nagar, Delhi – 462001, Delhi, India
Date of Birth/Age :	10.08.1974
Date of Appointment :	23.04.2008
DIN No.:	02150409

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares	%age
Chander Prakash Khandelwal	149000	59.60
Manoj Khandelwal	1000	0.40
Namita Khandelwal	100000	40.00

Total	250000	100.00

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and Importer of Non – Ferrous metal i.e. Scrap

Products :	Not Available

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :
Products :	Metal
Countries :	China Dubai

Terms :
Selling :	Cash and Cheque

Purchasing :	Cash and Cheque

PRODUCTION STATUS = NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Evershine International
Shar Metal Scrap Co Limited
Stylon Hosiery Private Limited
Ghanshyam Metal Udyog
Growmore General Trading Co
Mangla Traders Private Limited
R K Thermal Engineers
Smw Metal Private Limited
JSd Overseas
Kamya Enterprises Private Limited

Reference :	Sharif Metal, Duabi
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Naina Recycling
Royal Appliances (Delhi)
Royal Appliances (Sonipat)
Vardhman Sales Agency
Aarush Extrution Private Limited
Camco Multy Metal Limited
JSB Alluminium Private Limited
MTJ Industries Private Limited
Padmavati Minerals Private Limited
Paragon Extrusion Private Limited
Pearl Overseas
Ravi Enterprises
Sanjivani Aluminium Private Limited
M/s Asirwad Steels
M/s Bansal Iron & Steel Traders
Aishwarya Steel Suppliers

Reference :	Century Metal Recycling Private Limited, Haryana
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

100 (Approximately)

Bankers :

HDFC Bank Limited
ICICI Bank

Banker Name	Axis Bank
Branch Address	Shaktinagar Branch
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	5401200013253
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Short Term Loan – From Banks
Car Finance Loans From Banks (Secured by hypothecation of vehicles financed out of proceeds of loans)
HDFC Bank Limited	0.000	0.038
Axis Bank Limited	0.000	0.243
Total	0.000	0.281

Auditors :
Name :	R S Jhalani and Company Chartered Accountant
Address :	16 -17, Subji Market Chowk, Hauz Quazi, Delhi – 110006, Delhi, India.
PAN No.:	AADPG4152C

Memberships :	Not Available

Collaborators :	Not Available

Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

250000	Equity Shares	Rs.10/- each	Rs. 2.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

250000	Equity Shares	Rs.10/- each	Rs.2.500 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	2.500	2.500	2.500
(b) Reserves & Surplus	0.388	2.576	1.832
(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)	2.888	5.076	4.332

(3) Non-Current Liabilities
(a) long-term borrowings	10.863	14.616	14.728
(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)	10.863	14.616	14.728

(4) Current Liabilities
(a) Short term borrowings	0.000	0.281	0.674
(b) Trade payables	72.418	39.109	16.491
(c) Other current liabilities	0.231	1.033	1.553
(d) Short-term provisions	3.062	0.420	0.320
Total Current Liabilities (4)	75.711	40.843	19.038

TOTAL	89.462	60.535	38.098

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.081	1.431	1.618
(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)	0.031	0.016	0.059
(d) Long-term Loan and Advances	0.175	2.538	0.415
(e) Other Non-current assets	3.814	8.007	4.138
Total Non-Current Assets	5.101	11.992	6.230

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.840	4.100	9.494
(c) Trade receivables	11.870	35.672	15.903
(d) Cash and cash equivalents	4.169	3.996	3.135
(e) Short-term loans and advances	67.482	4.775	3.336
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	84.361	48.543	31.868

TOTAL	89.462	60.535	38.098

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	405.323 (Gross)	392.284	352.221
	Other Income	NA	5.952	0.574
	TOTAL (A)	NA	398.236	352.795

Less	EXPENSES
	Cost of Materials Consumed		386.384	349.505
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade		5.394	(0.883)
	Employees benefits expense		2.541	1.588
	Other expenses		2.119	1.091
	TOTAL (B)		396.438	351.301

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	NA	1.798	1.494

Less	FINANCIAL EXPENSES (D)		0.160	0.178

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1.638	1.316

Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.432	0.564

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	1.259	1.206	0.752

Less	TAX (I)	0.398	0.463	0.249

	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	0.861	0.743	0.503

	Earnings / (Loss) Per Share (Rs.)	3.44	0.30	3.25

Expected Sales (2014-2015): Rs. 400.000 Million

The above information has been parted by Mr. Prakash Khandelwal

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	0.21	0.19	0.14

Operating Profit Margin (PBDIT / Sales)	(%)	NA	0.46	0.42

Return on Total Assets (PBT/Total Assets}	(%)	1.41	1.99	1.98

Return on Investment (ROI) (PBT/Networth)		0.44	0.24	0.17

Debt Equity Ratio (Total Debt /Networth)		3.76	2.93	3.56

Current Ratio (Current Asset/Current Liability)		1.11	1.19	1.67

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	2.500	2.500	2.500
Reserves & Surplus	1.832	2.576	0.388
Net worth	4.332	5.076	2.888

long-term borrowings	14.728	14.616	10.863
Short term borrowings	0.674	0.281	0.000
Total borrowings	15.402	14.897	10.863
Debt/Equity ratio	3.555	2.935	3.761

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	352.221	392.284	405.323
		11.374	3.324

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	352.221	392.284	405.323
Profit	0.503	0.743	0.861
	0.14%	0.19%	0.21%

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 three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	Yes
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	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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

Note:

The registered office of the company has been shifted from Khasra No. 560, Main Libas Pur Road, Siras Pur, Delhi - 1100423, Delhi, India to present address w.e.f. 01.11.2012.

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Long Term Loans – Others Related Parties
Chander Prakash Khandelwal	6.462	9.228
Manoj Khandelwal	2.484	1.889
Namita Khandelwal	1.917	3.499

Total	10.863	14.616

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

Ø Car

Ø Mobile Phone

Ø Office Equipments

Ø Plant and Machinery

Ø Furniture and Fixture

Ø Computer and Allied Equipments

Ø Computer

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.62.33
UK Pound	1	Rs.92.83
Euro	1	Rs.68.08

INFORMATION DETAILS

Information Gathered by :	GYT

Analysis Done by :	DIV

Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
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	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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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.

MIRA INFORM REPORT

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