MIRA INFORM REPORT

Report No. :	317127
Report Date :	10.04.2015

IDENTIFICATION DETAILS

Name :	SHREE SAMARTH SWITCHGEAR AND TRANSMISSION PRIVATE LIMITED
Registered Office :	Samarth House, Office No.101, 25/1, Joiser State, Behind Atul Petrol Pump, Near Digjam Circle, Jamnagar - 361000, Gujarat
Tel No.:	91-288-2713450
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	18.03.2013
Com. Reg. No.:	04-074057
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U31200GJ2013PTC074057
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Electrical Switchgears and Service Provider of Transmission Line.
No. of Employees :	20 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a company with limited operational history incorporated in the year 2013. The company has reported low profitability during the financial year 2013-14. However, trade relations are fair. Business is active. Payments 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	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. Bhikunbhai Bhimshibhai Gojiya
Designation :	Director
Contact No.:	91-9909924932

LOCATIONS

Registered Office/ Factory :	Samarth House, Office No.101, 25/1, Joiser State, Behind Atul Petrol Pump, Near Digjam Circle, Jamnagar - 361000, Gujarat, India
Tel. No.:	91-288-2713450
Mobile No.:	91-9909924932 (Mr. Bhikunbhai Bhimshibhai Gojiya)
Fax No.:	Not Available
E-Mail :	shreesamarthengineering@gmail.com
Location :	Owned

DIRECTORS

As on 16.09.2014

Name :

Mr. Bhikunbhai Bhimshibhai Gojiya

Designation :

Director

Address :

107-Divyam Park, Opposite H O Bhatt Bunglow, Near Sanjeevani Medical Stores, Jamnagar - 361006, Gujarat, India

Date of Birth/Age :

01.06.1973

Date of Appointment :

18.03.2013

DIN No.:

06499891

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	U40100GJ2013PTC074050	SHREE SAMARTH ELECTRICALS PRIVATE LIMITED	Director	18/03/2013	18/03/2013	-	Active	NO
2	U31200GJ2013PTC074057	SHREE SAMARTH SWITCHGEAR & TRANSMISSION PRIVATE LIMITED	Director	18/03/2013	18/03/2013	-	Active	NO
3	U40100GJ2013PTC074049	SHIV GREEN ENERGY PRIVATE LIMITED	Director	18/03/2013	18/03/2013	-	Active	NO
4	U31900GJ2013PTC074347	TRAMCO ELECTRICALS PRIVATE LIMITED	Director	04/04/2013	04/04/2013	-	Active	NO
5	U31900GJ2011PTC066695	RELCO INSULATORS PRIVATE LIMITED	Director	01/05/2013	01/05/2013	-	Active	NO

Name :

Ms. Zanziben Bhikhubhai Gojiya

Designation :

Director

Address :

107-Divyam Park, Opposite H O Bhatt Bunglow, Near Sanjeevani Medical Stores, Jamnagar - 361006, Gujarat, India

Date of Birth/Age :

01.06.1978

Date of Appointment :

18.03.2013

DIN No.:

06504141

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	U40100GJ2013PTC074050	SHREE SAMARTH ELECTRICALS PRIVATE LIMITED	Director	18/03/2013	18/03/2013	-	Active	NO
2	U31200GJ2013PTC074057	SHREE SAMARTH SWITCHGEAR & TRANSMISSION PRIVATE LIMITED	Director	18/03/2013	18/03/2013	-	Active	NO
3	U40100GJ2013PTC074049	SHIV GREEN ENERGY PRIVATE LIMITED	Director	18/03/2013	18/03/2013	-	Active	NO
4	U31900GJ2013PTC074347	TRAMCO ELECTRICALS PRIVATE LIMITED	Director	04/04/2013	04/04/2013	-	Active	NO

Name :

Mr. Arjan Gojiya

Designation :

Director

Address :

Aai Shree Khodiyar Krupa, Sidhipark Society, 80 FT Road, Block No.3, Plot No.35, Jamnagar - 361006, Gujarat, India

Date of Birth/Age :

05.01.1980

Date of Appointment :

18.03.2013

DIN No.:

06522257

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	U40100GJ2013PTC074050	SHREE SAMARTH ELECTRICALS PRIVATE LIMITED	Director	18/03/2013	18/03/2013	-	Active	NO
2	U31200GJ2013PTC074057	SHREE SAMARTH SWITCHGEAR & TRANSMISSION PRIVATE LIMITED	Director	18/03/2013	18/03/2013	-	Active	NO
3	U40100GJ2013PTC074049	SHIV GREEN ENERGY PRIVATE LIMITED	Director	18/03/2013	18/03/2013	-	Active	NO
4	U31900GJ2013PTC074347	TRAMCO ELECTRICALS PRIVATE LIMITED	Director	04/04/2013	04/04/2013	-	Active	NO
5	U31900GJ2011PTC066695	RELCO INSULATORS PRIVATE LIMITED	Director	01/05/2013	01/05/2013	-	Active	NO

MAJOR SHAREHOLDERS

As on 16.09.2014

Names of Shareholders	No. of Shares	% of Holding
Bhikunbhai Bhimshibhai Gojia	6000	60.00
Arjan Gojiya	2000	20.00
Zanziben Bhikhubhai Gojiya	2000	20.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 16.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Electrical Switchgears and Service Provider of Transmission Line.
Products :	Electrical Switchgears and Transmission Line
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cheque and Credit
Purchasing :	Cheque and Credit

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

• Alfa Engineering and Equipment
• Harshad Electric Company
• K M Fasteners Private Limited
• Patel Cement Pipe Industries
• Shree Samarth Engineering
• Vipul Trading Corporation

Customers :

• Senor Metals Private Limited
• Surya Global Steel Tubes Limited
• Wind World India Infrastructure
• Wind World India Limited

No. of Employees :

20 (Approximately)

Bankers :

Banker Name	IDBI Bank Limited
Branch Address	Jamnagar, Gujarat, 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 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

Auditors :
Name :	Kishan V. Raja Chartered Accountants
Address :	504, Vishwakarma Society, Aadarsh School Road, Dhoraji - 360410, Gujarat, India
E-Mail :	cakrishanraja@gmail.com
PAN No.:	AMVPR8418A
Memberships :	--
Collaborators :	--
Enterprises over which Key Managerial Personnel are able to exercise significant influence :	Shree Samarth Engineering Tramco Electricals Shiv Green Energy Private Limited Shree Samarth Electricals Private Limited Tramco Electricals Private Limited Relco Insulators Private Limited

CAPITAL STRUCTURE

As on 16.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100
(b) Reserves & Surplus	0.160
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.260
(3) Non-Current Liabilities
(a) long-term borrowings	2.353
(b) Deferred tax liabilities (Net)	0.003
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	2.356
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	58.960
(c) Other current liabilities	38.820
(d) Short-term provisions	0.124
Total Current Liabilities (4)	97.904
TOTAL	100.520
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.443
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	1.250
(e) Other Non-current assets	0.016
Total Non-Current Assets	1.709
(2) Current assets
(a) Current investments	0.000
(b) Inventories	31.255
(c) Trade receivables	66.359
(d) Cash and cash equivalents	0.004
(e) Short-term loans and advances	0.000
(f) Other current assets	1.193
Total Current Assets	98.811
TOTAL	100.520

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014
	SALES
		Income	107.187
		Other Income	0.000
		TOTAL	107.187
Less	EXPENSES		106.945
	PROFIT/(LOSS) BEFORE TAX		0.242
Less	TAX		0.082
	PROFIT/(LOSS) AFTER TAX		0.160
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.000
	BALANCE CARRIED TO THE B/S		0.160
	Earnings / (Loss) Per Share (Rs.)		16.03

Expected Sales (2014-2015): Rs.15.000 Million

The above information has been parted by Mr. Bhikunbhai Bhimshibhai Gojiya

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT/Sales)	(%)	0.15
Return on Total Assets (PBT/Total Assets}	(%)	0.24
Return on Investment (ROI) (PBT/Networth)		0.93
Debt Equity Ratio (Total Debt /Networth)		9.05
Current Ratio (Current Asset/Current Liability)		1.01

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 one year	Yes
12]	Profitability for last one year	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)	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

UNSECURED LOANS:

Particulars	31.03.2014 Rs. In Million
LONG TERM BORROWINGS
From Promoters / Directors
Tramco Electricals	1.140
Intercorporate deposits
Shiv Green Energy Private Limited	0.300
Shree Samarth Electricals Private Limited	0.913
Total	2.353

REVIEW OF OPERATION:

The Total Turnover of the Company is Rs.107.100 Million, allowing for a profit of Rs.0.242 Million in the current year with a EPS of Rs.16.03. Being the first report after incorporation, all efforts shall be made to make progress in the Business and maintain the growth trajectory of the first year in the coming years.

NO CHARGES EXIST FOR COMPANY

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.62.26
UK Pound	1	Rs.92.49
Euro	1	Rs.67.00

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	SUM
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	4
--RESERVES	1~10	3
--CREDIT LINES	1~10	4
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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.