MIRA INFORM REPORT

Report No. :	317064
Report Date :	10.04.2015

IDENTIFICATION DETAILS

Name :	STAR PET TRADING PRIVATE LIMITED
Registered Office :	S-21 Second Floor, Greater Kailash-2, New Delhi, 110049
Tel. No.:	91-11-41437570
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	05.05.2003
Com. Reg. No.:	55-120175
Capital Investment / Paid-up Capital :	Rs. 15.480 Million
CIN No.: [Company Identification No.]	U52335DL2003PTC120175
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 :	Trading, importing of pet chips, plastic raw material, plastic scrap, black pipe scrap, plastic and wooden scrap etc.
No. of Employees :	20 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (36)

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

Maximum Credit Limit :	USD 67000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The company’s performance improved in terms of sales turnover during FY2014, but the profit margin of the company is low. The rating is constrained due to low reserves and moderate net worth base during year under review. However, trade relation are reported to be 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	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

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. Jasvinder Singh
Designation :	Additional Director
Contact No.:	91-9810388180
Date :	10.04.2015

LOCATIONS

Registered Office :	S-21 Second Floor, Greater Kailash-2, New Delhi, 110049, India
Tel. No.:	91-11-41437570
Mobile No.:	91-9810388180 (Mr. Jasvinder Singh)
Fax No.:	Not Available
E-Mail :	starpet@gmail.com jasvinder@starpet.in
Location :	Owned
Head Office:	No. 202, H-1, Vikramaditya Tower, Alaknanda Shopping Complex, New Delhi – 110019, India
Tel. No.:	91-11-41042511
Branch Office:	Chettimedu Village, No.1, Vadaperumbakkam, Red Hills, Chennai – 600060, Tamilnadu, India

DIRECTORS

As on: 30.09.2014

Name :

Mr. Amarjit Kaur Jolly

Designation :

Director

Address :

A-2/22, Moti Nagar, New Delhi-110015, India

Date of Birth/Age :

07.08.1940

Date of Appointment :

05.05.2003

DIN No.:

01127515

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	U45201DL2002PTC117232	GROOM PROPERTIES PRIVATE LIMITED	Director	07/10/2002	07/10/2002	-	Active	NO
2	U52335DL2003PTC120175	STAR PET TRADING PRIVATE LIMITED	Director	05/05/2003	05/05/2003	-	Active	NO

Name :

Ms. Eesha Singh

Designation :

Additional Director

Address :

S-21, Iind Floor, Greater Kailsh-2, New Delhi-110048, India

Date of Birth/Age :

23.02.1989

Date of Appointment :

23.03.2007

DIN No.:

01325537

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	U45201DL2002PTC117232	GROOM PROPERTIES PRIVATE LIMITED	DIRECTOR	23/02/2007	23/02/2007	-	ACTIVE	NO
2	U52335DL2003PTC120175	STAR PET TRADING PRIVATE LIMITED	ADDITIONAL DIRECTOR	23/03/2007	23/03/2007	-	ACTIVE	NO

Name :

Mr. Harneet Kaur

Designation :

Additional Director

Address :

S - 21 Second Floor , Greater Kailash - Ii, New Delhi - 110048, India

Date of Birth/Age :

27.11.1964

Date of Appointment :

23.03.2007

DIN No.:

01390017

Name :

Mr. Jasvinder Singh

Designation :

Additional Director

Address :

S-21, Second Floor, Greater Kailash-2, New Delhi - 110048, India

Date of Birth/Age :

15.09.1962

Date of Appointment :

21.03.2009

DIN No.:

01390586

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	U45201DL2002PTC117232	GROOM PROPERTIES PRIVATE LIMITED	ADDITIONAL DIRECTOR	30/03/2007	30/03/2007	-	ACTIVE	NO
2	U52335DL2003PTC120175	STAR PET TRADING PRIVATE LIMITED	ADDITIONAL DIRECTOR	21/03/2009	21/03/2009	-	ACTIVE	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2014

Names of Shareholders	No. of Shares
Eesha Signh	60000
Jasvinder Singh	1853
Groom Properties Private Limited, India	789480
Epresion Overseas Educational Service Private Limited, India	82000
Ambition Contractors And Developers Private Limited, India	150000
Canny Consultants Private Limited, India	145667
Amaranth Buildcon Private Limited, India	129000
Dhanshree Softech Private Limited, India	75000
Vardman Softech Private Limited, India	115000
Total	1548000

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2014

Category	Percentage
Bodies corporate	96.00
Directors or relatives of Directors	4.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trading, importing of pet chips, plastic raw material, plastic scrap, black pipe scrap, plastic and wooden scrap etc.
Products :	Pet chips Plastic raw material Plastic scrap Black pipe scrap Plastic and wooden scrap etc.
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :
Products :	Raw Material
Countries :	China Thailand
Terms :
Selling :	L/C
Purchasing :	L/C

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Indarma Vendors Thailand
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Others (Traders)

Reference :	Gauri Shankar Polymers
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

20 (Approximately)

Bankers :

• Yes Bank Limited, 9 th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra
• ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India
• Bank of Maharashtra, B-29, Connaught Place, New Delhi - 110001, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
DLF Loan ICICI Bank	6.051	0.000
Cars Loans	1.296	1.458
Short-term borrowings
Yes Bank current account credit balance	5.025	0.000
Yes Bank over Draft Account	9.665	13.028
Cars Loans	0.452	0.420
	22.489	14.906

Long Term Borrowing:

Loan from ICICI Bank is secured against hypothecation office building.

Loan from BMW financial services and ICICI Bank are secured against hypothecation of cars – BMW and Chevrolet – Beat.

Short-term borrowings:

Loan from BMW financial Services and ICICI Bank are secured against hypothecation of Cars – BMW and Chevrolet Beat.

Auditors :
Name :	M. Mehra and Company Chartered Accountants
Address :	A-192, Sarita Vihar, New Delhi-110076, India
Tel. No.:	91-11-26971361/ 41600472
Fax No.:	91-11-26227857
E-Mail :	mmehraandco@gmail.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAEPB2554J
Memberships :	Not Available
Collaborators :	Not Available
Company Under the same Management :	Groom Properties Private Limited

CAPITAL STRUCTURE

As on 30.09.2014

Authorized Capital:

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

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
1,548,000	Equity Shares	Rs.10/- each	Rs. 15.480 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	15.480	12.480	9.510
(b) Reserves & Surplus	8.006	4.502	2.098
(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)	23.486	16.982	11.608
(3) Non-Current Liabilities
(a) long-term borrowings	7.347	1.458	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)	7.347	1.458	0.000
(4) Current Liabilities
(a) Short term borrowings	29.642	19.948	18.606
(b) Trade payables	58.542	55.581	32.205
(c) Other current liabilities	5.912	1.071	3.903
(d) Short-term provisions	0.176	0.087	0.046
Total Current Liabilities (4)	94.272	76.687	54.760
TOTAL	125.105	95.127	66.368
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3.441	4.054	2.303
(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)	0.321	0.240	0.154
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	28.351	12.191	3.549
Total Non-Current Assets	32.113	16.485	6.006
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	19.100	19.028	6.908
(c) Trade receivables	53.800	43.532	45.673
(d) Cash and cash equivalents	16.936	15.176	7.370
(e) Short-term loans and advances	3.156	0.906	0.411
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	92.992	78.642	60.362
TOTAL	125.105	95.127	66.368

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income from Sales and Services	587.436	422.630	190.828
		Other Income	2.142	0.724	1.287
		TOTAL (A)	589.578	423.354	192.115
Less	EXPENSES
		Purchases of Stock-in-Trade	558.645	414.406	179.977
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(0.072)	(12.120)	0.000
		Employees benefits expense	8.502	6.906	4.142
		Other expenses	11.171	6.555	3.350
		TOTAL (B)	578.246	415.747	187.469
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)		11.332	7.607	4.646
Less	FINANCIAL EXPENSES (D)		5.134	3.102	3.018
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		6.198	4.505	1.628
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1.055	0.905	0.797
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		5.143	3.600	0.831
Less	TAX (H)		1.640	1.196	0.279
	PROFIT/ (LOSS) AFTER TAX (G-H) ()		3.503	2.404	0.552
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		4.502	2.098	1.546
	BALANCE CARRIED TO THE B/S		8.005	4.502	2.098
	Earnings Per Share (Rs.)		2.26	0.58	0.58

Particulars	31.03.2015
Sales	900.000

The above information has been parted by Mr. Jasvinder Singh (Additional Director)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.60	0.57	0.29
Operating Profit Margin (PBIDT/Sales)	(%)	1.93	1.80	2.43
Return on Total Assets (PBT/Total Assets}	(%)	4.12	3.79	1.26
Return on Investment (ROI) (PBT/Networth)		0.22	0.21	0.07
Debt Equity Ratio (Total Debt /Networth)		1.57	1.26	1.60
Current Ratio (Current Asset/Current Liability)		0.99	1.03	1.10

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	9.510	12.480	15.480
Reserves & Surplus	2.098	4.502	8.006
Net worth	11.608	16.982	23.486
long-term borrowings	0.000	1.458	7.347
Short term borrowings	18.606	19.948	29.642
Total borrowings	18.606	21.406	36.989
Debt/Equity ratio	1.603	1.261	1.575

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)
Income from Sales and Services	190.828	422.630	587.436
		121.472	38.995

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Income from Sales and Services	190.828	422.630	587.436
Profit	0.552	2.404	3.503
	0.29%	0.57%	0.60%

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	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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

Note:

Registered Office of the company has been shifted from “A-2/22, Moti Nagar, New Delhi – 110015, India” to the present address w.e.f. 01.11.2008.

OPERATIONS:

During the year, the company has earned a profit before Tax of Rs. 5.143 Million (previous Year Rs. 3.600 Million).

UNSECURED LOAN

Particular	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Short-term borrowings
Loan from others	14.500	6.500
Total	14.500	6.500

INDEX OF CAHREGS:

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10474118	24/01/2014	8,635,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA	B94907706
2	10294083	09/10/2014 *	125,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR.  ANNIE BESANT ROAD, WORLI, MUMBAI-400018, MAHARASHTRA, INDIA	C30322861

* Date of charge modification

FIXED ASSETS:

• Plant and Machinery
• Computer and Accessories
• Office Equipment
• Furniture and Fixtures
• Vehicles

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 records 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.66.99

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	SUM
Report Prepared by :	MTN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--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	YES
--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		36

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.