MIRA INFORM REPORT

Report No. :	316956
Report Date :	11.04.2015

IDENTIFICATION DETAILS

Name :	JAYEM LOGISTICS PRIVATE LIMITED

Registered Office :	#1014, 10th Floor, B Wing, Mittal Tower, 6/47, M.G. Road, Bangalore - 560001, Karnataka
Tel No.:	91-80-41134231

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	26.12.2005

Com. Reg. No.:	08-038053

Capital Investment / Paid-up Capital :	Rs.20.000 Million

CIN No.: [Company Identification No.]	U60231KA2005PTC038053

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 :	Providing Logistic Services.

No. of Employees :	Information denied by management

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 104000

Status :	Yet to commence business operations

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Even though the company was incorporated in the year December 2005 it seems it has not commenced its business operations as not operating income is seen in its revenue statement. Management of the company has denied disclosing any information about the subject to us. The company has reported some other income i.e dividend from its subsidiary companies and earned non-operating profit during the financial year 2013-14. However, business is active as per status shown in registrar of companies. Payments are reported to be unknown. 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

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 DENIED

Management Non Co-Operative (Tel No.: 91-80-41353500)

LOCATIONS

Registered Office :	#1014, 10th Floor, B Wing, Mittal Tower, 6/47, M.G. Road, Bangalore - 560001, Karnataka, India
Tel. No.:	91-80-41134231
Fax No.:	Not Available
E-Mail :	k.rajaram@gomassystems.com
Website :	http://www.jayem.co.in

Corporate Office :	Logistics Park, Plot # 7, Road # 10, Export Promotion Industrial Park, Whitefield, Bangalore – 560066, Karnataka, India
Tel. No.:	91-80-41353500
Fax No.:	91-80-41353600

DIRECTORS

As on 30.09.2014

Name :

Mr. Rajam Jayakumar

Designation :

Managing Director

Address :

No 34, Kirloskar Colony, 1st Stage, Bangalore - 560079, Karnataka, India

Date of Birth/Age :

01.09.1948

Date of Appointment :

26.12.2005

DIN No.:

00121817

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	U30009KA1988PTC009046	GOMAS SYSTEMS AND CONTROLS PRIVATE LIMITED	Director	20/04/1988	20/04/1988	-	Active	NO
2	U63011KA1993PTC013980	JAYEM IMPEX PRIVATE LIMITED	Director	08/02/1993	08/02/1993	-	Active	NO
3	U85110KA1997PTC021699	THERMOGRAPHIC MEASUERMENTS PRIVATE LIMITED	Director	27/01/1997	27/01/1997	-	Strike off	NO
4	U63090TN1997PTC037441	JAYEM WAREHOUSING PRIVATE LIMITED	Director	08/05/2000	08/05/2000	-	Active	NO
5	U93090TN2001PTC046611	VAIDI FACILITY MANAGEMENT PRIVATE LIMITED	Director	12/02/2001	12/02/2001	-	Active	NO
6	U74140TN2001PTC046612	SUPPLY CHAIN CONSULTANTS PRIVATE LIMITED	Director	12/02/2001	12/02/2001	-	Active	NO
7	U67120TN2001PTC046636	MEDHU HOLDINGS PRIVATE LIMITED	Director	14/02/2001	14/02/2001	-	Active	NO
8	U72200KA2001PTC028627	INFOLOG SOLUTIONS PRIVATE LIMITED	Director	15/02/2001	15/02/2001	-	Active	NO
9	U63090KA2001PTC028756	ALPHA FREIGHT CHAIN PRIVATE LIMITED	Director	30/09/2009	14/03/2001	-	Active	NO
10	U72200KA2001PTC028753	AND DATA WAREHOUSING PRIVATE LIMITED	Director	14/03/2001	14/03/2001	-	Active	NO
11	U63023KA2001PTC028757	Repair & Return Technology (India) Private Limited	Director	14/03/2001	14/03/2001	-	Active	NO
12	U65100KA2002PTC030617	KOCHI HOLDINGS PRIVATE LIMITED	Director	12/06/2002	12/06/2002	-	Active	NO
13	U63090KA2005PTC036385	JAYEM INLAND TRANSPORT PRIVATE LIMITED	Director	25/05/2005	25/05/2005	-	Active	NO
14	U72400KA2005PTC036424	JAYEM AND DATA PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO
15	U63031KA2005PTC036493	JAYEM RELOCATION PRIVATE LIMITED	Director	07/06/2005	07/06/2005	-	Active	NO
16	U51909KA2005PTC036937	JAYEM TRADE PRIVATE LIMITED	Director	10/08/2005	10/08/2005	-	Active	NO
17	U60231KA2005PTC038053	JAYEM LOGISTICS PRIVATE LIMITED	Managing director	23/09/2013	26/12/2005	-	Active	NO
18	U63013TG2004PTC044217	C-NET EXPRESS PRIVATE LIMITED	Director	25/04/2006	25/04/2006	-	Active	NO
19	U63031KA2006PTC040642	Nippon Express (India) Private Limited	Director	27/09/2006	27/09/2006	-	Active	NO
20	U63090TN2001PTC047418	CONNECT CARGO PRIVATE LIMITED	Director	29/09/2009	25/04/2009	-	Active	NO
21	U63090KA2011PTC058308	Nittsu Logistics (India) Private Limited	Director	26/04/2011	26/04/2011	-	Active	NO

Name :

Mr. Puthenpurackal Chacko Xavier

Designation :

Director

Address :

Flat No.425 B/2 Malaprabha Blook, Kmla Building, Bangalore - 560047, Karnataka, India

Date of Birth/Age :

17.11.1952

Date of Appointment :

30.09.2009

DIN No.:

02649400

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	U65100KA2002PTC030617	KOCHI HOLDINGS PRIVATE LIMITED	Director	30/09/2009	01/06/2009	-	Active	NO
2	U93090TN2001PTC046611	VAIDI FACILITY MANAGEMENT PRIVATE LIMITED	Director	29/09/2009	01/06/2009	-	Active	NO
3	U67120TN2001PTC046636	MEDHU HOLDINGS PRIVATE LIMITED	Director	29/09/2009	01/06/2009	-	Active	NO
4	U30009KA1988PTC009046	GOMAS SYSTEMS AND CONTROLS PRIVATE LIMITED	Director	30/09/2009	01/06/2009	-	Active	NO
5	U60231KA2005PTC038053	JAYEM LOGISTICS PRIVATE LIMITED	Director	30/09/2009	01/06/2009	-	Active	NO

Name :

Mr. Madhumitha Kumar Rajan

Designation :

Director

Address :

No 34, Kirloskar Colony, 1st Stage, Bangalore - 560079, Karnataka, India

Date of Birth/Age :

02.06.1983

Date of Appointment :

14.07.2008

DIN No.:

00121423

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	U93090TN2001PTC046611	VAIDI FACILITY MANAGEMENT PRIVATE LIMITED	Director	10/11/2003	10/11/2003	-	Active	NO
2	U67120TN2001PTC046636	MEDHU HOLDINGS PRIVATE LIMITED	Director	15/05/2007	15/05/2007	-	Active	NO
3	U63090TN2001PTC047418	CONNECT CARGO PRIVATE LIMITED	Director	15/05/2007	15/05/2007	-	Active	NO
4	U65100KA2002PTC030617	KOCHI HOLDINGS PRIVATE LIMITED	Director	15/05/2007	15/05/2007	-	Active	NO
5	U30009KA1988PTC009046	GOMAS SYSTEMS AND CONTROLS PRIVATE LIMITED	Director	15/05/2007	15/05/2007	-	Active	NO
6	U63090KA2001PTC028756	ALPHA FREIGHT CHAIN PRIVATE LIMITED	Director	15/05/2007	15/05/2007	-	Active	NO
7	U74140TN2001PTC046612	SUPPLY CHAIN CONSULTANTS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
8	U63090TN1997PTC037441	JAYEM WAREHOUSING PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
9	U63013TG2004PTC044217	C-NET EXPRESS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
10	U51909KA2005PTC036937	JAYEM TRADE PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
11	U60231KA2005PTC038053	JAYEM LOGISTICS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
12	U63090KA2005PTC036385	JAYEM INLAND TRANSPORT PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
13	U72200KA2001PTC028627	INFOLOG SOLUTIONS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
14	U72200KA2001PTC028753	RECORDS AND DATA WAREHOUSING PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
15	U63023KA2001PTC028757	Repair & Return Technology (India) Private Limited	Director	14/07/2008	14/07/2008	-	Active	NO
16	U72400KA2005PTC036424	JAYEM RECORDS AND DATA PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
17	U63031KA2005PTC036493	JAYEM RELOCATION PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
18	U63011KA1993PTC013980	JAYEM IMPEX PRIVATE LIMITED	Director	20/11/2009	20/11/2009	24/01/2011	Active	NO

Name :

Mr. Kaushik Kumar Rajan

Designation :

Director

Address :

No 34, Kirloskar Colony, 1st Stage, Bangalore - 560079, Karnataka, India

Date of Birth/Age :

08.06.1979

Date of Appointment :

01.06.2009

DIN No.:

00121541

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	U65100KA2002PTC030617	KOCHI HOLDINGS PRIVATE LIMITED	Director	12/06/2002	12/06/2002	-	Active	NO
2	U30009KA1988PTC009046	GOMAS SYSTEMS AND CONTROLS PRIVATE LIMITED	Managing director	28/08/2013	08/08/2002	-	Active	NO
3	U93090TN2001PTC046611	VAIDI FACILITY MANAGEMENT PRIVATE LIMITED	Director	10/11/2003	10/11/2003	-	Active	NO
4	U67120TN2001PTC046636	MEDHU HOLDINGS PRIVATE LIMITED	Director	10/11/2003	10/11/2003	-	Active	NO
5	U74140TN2001PTC046612	SUPPLY CHAIN CONSULTANTS PRIVATE LIMITED	Director	10/11/2003	10/11/2003	-	Active	NO
6	U72200KA2001PTC028753	RECORDS AND DATA WAREHOUSING PRIVATE LIMITED	Director	10/11/2003	10/11/2003	-	Active	NO
7	U63013TG2004PTC044217	C-NET EXPRESS PRIVATE LIMITED	Director	25/11/2004	25/11/2004	-	Active	NO
8	U72200KA2001PTC028627	INFOLOG SOLUTIONS PRIVATE LIMITED	Director	28/11/2005	28/11/2005	-	Active	NO
9	U63090TN2001PTC047418	CONNECT CARGO PRIVATE LIMITED	Director	28/11/2005	28/11/2005	-	Active	NO
10	U72400KA2005PTC036424	JAYEM RECORDS AND DATA PRIVATE LIMITED	Director	29/11/2005	29/11/2005	-	Active	NO
11	U63090KA2001PTC028756	ALPHA FREIGHT CHAIN PRIVATE LIMITED	Director	28/12/2005	28/12/2005	-	Active	NO
12	U63023KA2001PTC028757	Repair & Return Technology (India) Private Limited	Director	31/08/2007	31/08/2007	-	Active	NO
13	U51909KA2005PTC036937	JAYEM TRADE PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
14	U63031KA2005PTC036493	JAYEM RELOCATION PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
15	U63090KA2005PTC036385	JAYEM INLAND TRANSPORT PRIVATE LIMITED	Director	30/09/2009	25/04/2009	-	Active	NO
16	U63090TN1997PTC037441	JAYEM WAREHOUSING PRIVATE LIMITED	Director	29/09/2009	25/04/2009	-	Active	NO
17	U60231KA2005PTC038053	JAYEM LOGISTICS PRIVATE LIMITED	Director	30/09/2009	01/06/2009	-	Active	NO
18	U63011KA1993PTC013980	JAYEM IMPEX PRIVATE LIMITED	Director	12/03/2013	20/11/2009	-	Active	NO

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders		No. of Shares
Rajam Jayakumar		480
Medhu Holdings Private Limited, India		15000
Vaidi Facility Management Private Limited, India		34000
Gomas Systems and Controls Private Limited, India		38000
Madhumitha Kumar Rajan		500
Rajam Jayakumar (Trustee Avitta Trust)		56010
Rajam Jayakumar (Trustee Vishaka Trust)		56010
Total		200000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Bodies corporate	44.00
Directors or relatives of Directors	56.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Providing Logistic Services.

Products / Services :	Logistic Services

Brand Names :	--

Agencies Held :	--

Exports :	Not Divulged

Imports :	Not Divulged

Terms :
Selling :	Not Divulged

Purchasing :	Not Divulged

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information denied by management

Bankers :

Banker Name	Not Divulged
Branch Address	Not Divulged
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 :	Venkatachala Raghavendra and Company Chartered Accountants
Address :	No. 27, 1st Floor, 80 Feet, Ring Road, Papa Reddy Palya, Nagarbhavi II Stage, Bangalore – 560079, Karnataka, India
Tel. No.:	91-80-23400943
E-Mail :	hedge_rt@yahoo.com
PAN No.:	AAVFE5257A

Memberships :	--

Collaborators :	--

Subsidiary Company :	Jayem Records And Data Private Limited CIN No.: U72400KA2005PTC036424 Alpha Freight Chain Private Limited CIN No.: U63090KA2001PTC028756 C-Net Express Private Limited CIN No.: U63013TG2004PTC044217 Connect Cargo Private Limited CIN No.: U63090TN2001PTC047418 Jayem Warehousing Private Limited CIN No.: U63090TN1997PTC037441 Jayem Inland Transport Private Limited CIN No.: U63090KA2005PTC036385 Jayem Relocation Private Limited CIN No.: U63031KA2005PTC036493 Jayem Trade Private Limited CIN No.: U51909KA2005PTC036937

Other Related Parties :	Jayem Impex Private Limited Supply Chain Consultants Private Limited Avitta Trust Avitta Trust

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

500000	Equity Shares	Rs.100/- each	Rs.50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

200000	Equity Shares	Rs.100/- each	Rs.20.000 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	20.000	8.800	8.800
(b) Reserves & Surplus	16.473	10.285	5.161
(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)	36.473	19.085	13.961

(3) Non-Current Liabilities
(a) long-term borrowings	91.730	90.725	63.500
(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)	91.730	90.725	63.500

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	0.008	0.016	0.063
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	0.008	0.016	0.063

TOTAL	128.211	109.826	77.524

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000	0.000
(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	93.766	30.767	30.767
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	28.060	67.510	43.350
(e) Other Non-current assets	0.088	0.000	0.000
Total Non-Current Assets	121.914	98.277	74.117

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	0.037	4.040	3.348
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	6.260	7.509	0.059
Total Current Assets	6.297	11.549	3.407

TOTAL	128.211	109.826	77.524

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	0.000	0.000	0.000
		Other Income	6.260	5.180	5.600
		TOTAL (A)	6.260	5.180	5.600

Less	EXPENSES
		Other Expenses	0.050	0.056	0.341
		TOTAL (B)	0.050	0.056	0.341

	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		6.210	5.124	5.259

Less	FINANCIAL EXPENSES (D)		0.000	0.000	0.000

	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		6.210	5.124	5.259

Less	DEPRECIATION/ AMORTISATION (F)		0.022	0.000	0.000

	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		6.188	5.124	5.259

Less	TAX (H)		0.000	0.000	0.000

	PROFIT/(LOSS) AFTER TAX (G-H) (I)		6.188	5.124	5.259

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		10.285	5.161	(0.098)

	BALANCE CARRIED TO THE B/S		16.473	10.285	5.161

	Earnings / (Loss) Per Share (Rs.)		30.94	58.23	59.77

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	0.00	0.00	0.00

Operating Profit Margin (PBDIT/Sales)	(%)	0.00	0.00	0.00

Return on Total Assets (PBT/Total Assets}	(%)	17.96	6.48	11.25

Return on Investment (ROI) (PBT/Networth)		0.17	0.27	0.38

Debt Equity Ratio (Total Debt /Networth)		2.52	4.75	4.55

Current Ratio (Current Asset/Current Liability)		787.13	721.81	54.08

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	8.800	8.800	20.000
Reserves & Surplus	5.161	10.285	16.473
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	13.961	19.085	36.473

Long Term borrowings	63.500	90.725	91.730
Short Term borrowings	0.000	0.000	0.000
Total borrowings	63.500	90.725	91.730
Debt/Equity ratio	4.548	4.754	2.515

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	5.600	5.180	6.260
		(7.500)	20.849

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	5.600	5.180	6.260
Profit	5.259	5.124	6.188
	93.91%	98.92%	98.85%

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	No
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	31.03.2013 Rs. In Million
LONG TERM BORROWINGS
Inter Corporate Loans	91.730	90.725
Total	91.730	90.725

OPERATIONS AND FUTURE PROSPECTUS:

During the year the company has further increased its investment and the trend is likely to be maintained.

NO CHARGES EXIST FOR THE 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 records 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.92.37
UK Pound	1	Rs.91.60
Euro	1	Rs.66.49

INFORMATION DETAILS

Information Gathered by :	GYT

Analysis Done by :	SUC

Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
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	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		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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