MIRA INFORM REPORT

Report No. :	317411
Report Date :	18.04.2015

IDENTIFICATION DETAILS

Name :	ASHTMURTI EXIM PRIVATE LIMITED (w.e.f. 10.09.2014)
Formerly Known As :	PASSAGE TRAVELS PRIVATE LIMITED
Registered Office :	223 A, Pocket M, Sarita Vihar, New Delhi – 110076
Tel No :	91-120-4212944
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	16.04.2013
Com. Reg. No.:	55-250790
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U29248DL2013PTC250790
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 :	Merchant Exporter of Paper Plant Machinery
No. of Employees :	30 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 1100
Status :	Relatively New Business
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	The subject is a relatively new company incorporated in the year April 2013. The company has reported decent profitability during the financial year 2013-14 which is the first year of its operations. Trade relations are fair. Business is active. Payments are reported to be slow correct. As the Company is relatively new it can be considered for business dealings with slight 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. Pradeep Sharma
Designation :	Manager Accounts
Contact No.:	91-120-4212944
Date :	14.04.2015

LOCATIONS

Registered Office :	223 A, Pocket M, Sarita Vihar, New Delhi – 110076, India
Tel. No.:	91-120-4212944
Fax No.:	Not Available
E-Mail :	Pradeep.sharma@rmel.in
Head Office :	Sector 63, Noida – 201301, Uttar Pradesh, India

DIRECTORS

As on : 25.09.2014

Name :

Mr. Dhruv Rathi

Designation :

Director

Address :

24, Sadhna Enclave, New Delhi – 110017, India

Date of Birth/Age :

29.08.1982

Date of Appointment :

23.08.2014

DIN No.:

00072762

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	U65993DL1992PLC046954	SHRI RATHI STEEL LIMITED	Director	08/08/2003	08/08/2003	-	Active	NO
2	U51311DL2004PTC125324	DIGVIJAY EXIM PRIVATE LIMITED	Director	22/03/2004	22/03/2004	19/05/2009	Active	NO
3	U74899DL1992PLC050960	SHRI RATHI STEEL (DAKSHIN) LIMITED	Director	30/09/2004	30/09/2004	-	Active	NO
4	U45201DL2006PTC146348	DIGVIJAY REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	06/07/2006	06/07/2006	18/03/2009	Active	NO
5	U70109DL2006PTC149346	DHRUV REAL ESTATE DEVELOPERS PVT. LTD.	Director	31/05/2007	31/05/2007	-	Active	NO
6	U32109DL2004PTC126063	VAP ELECTRONICS PRIVATE LIMITED	Director	30/09/2008	20/08/2007	-	Active	NO
7	U28994DL1998PTC093445	NOIDA HARDWARE PRIVATE LIMITED	Director	30/09/2008	21/03/2008	-	Active	NO
8	U74899DL2005PTC143442	INDIGO ADVERTISING PRIVATE LIMITED	Director	24/06/2008	24/06/2008	-	Active	NO
9	U70102DL2009PTC195992	SEEMA INFRATECH PRIVATE LIMITED	Additional director	04/03/2013	04/03/2013	-	Active	NO
10	U29248DL2013PTC250790	ASHTMURTI EXIM PRIVATE LIMITED	Director	23/08/2014	23/08/2014	-	Active	NO
11	AAC-4317	TRADESEA XPORT LLP	Designated Partner	04/07/2014	04/07/2014	-	Active	NO

Name :

Mr. Anand Kumar Maheshwari

Designation :

Director

Address :

B – 51, Sector – 44, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

02.11.1993

Date of Appointment :

23.08.2014

DIN No.:

00238143

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	U51101UP1984PTC006863	AMRIT TRADEMART PRIVATE LIMITED	Director	02/05/1997	02/05/1997	-	Active	NO
2	U74899DL1992PTC050124	SHREENIDHI REALTORS PRIVATE LIMITED	Director	24/01/1998	24/01/1998	09/12/2011	Active	NO
3	U74899DL1993PLC054439	DIGVIJAY CAPITAL MANAGEMENT LIMITED	Director	20/04/1998	20/04/1998	-	Active	NO
4	L01111UP1985PLC010776	AMRIT AGRO INDUSTRIES LIMITED	Director	15/11/2003	15/11/2003	-	Active	NO
5	U74899DL1993PTC052556	DIGVIJAY ADVISORS PRIVATE LIMITED	Director	20/12/2003	20/12/2003	-	Active	NO
6	U74899DL1988PLC033939	AM VOLERE TRADELINK LIMITED	Director	23/01/2004	23/01/2004	-	Active	NO
7	U18101DL2001PTC113287	DASHMESH FASHIONS PRIVATE LIMITED	Director	22/08/2005	22/08/2005	29/06/2007	Active	NO
8	U67120DL1992PTC050059	ACHIEVERS STOCK MANAGEMENT PRIVATE LIMITED	Director	08/12/2005	08/12/2005	18/01/2010	Active	NO
9	U36991DL1998PTC095980	NARESH APPARELS PRIVATE LIMITED	Director	25/01/2006	25/01/2006	17/09/2007	Active	NO
10	U45201DL2006PTC146348	DIGVIJAY REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	15/02/2006	15/02/2006	09/12/2011	Active	NO
11	U51909MH2006PTC227606	RSA EXIM PRIVATE LIMITED	Director	15/02/2006	15/02/2006	25/04/2011	Active	NO
12	U70102DL2004PTC124936	EVOLVE VILLAS PRIVATE LIMITED	Director	16/05/2006	16/05/2006	09/12/2011	Active	NO
13	U28111DL2002PTC115295	EVOLVE APARTMENTS PRIVATE LIMITED	Director	11/12/2006	11/12/2006	09/12/2011	Active	NO
14	U32109DL2004PTC126063	VAP ELECTRONICS PRIVATE LIMITED	Director	14/12/2006	14/12/2006	27/08/2007	Active	NO
15	U70102DL2005PTC140061	EVOLVE RESIDENCY PRIVATE LIMITED	Director	15/02/2007	15/02/2007	09/12/2011	Active	NO
16	U18101DL2002PTC116757	EVOLVE PROPERTIES PRIVATE LIMITED	Director	11/05/2007	11/05/2007	09/12/2011	Active	NO
17	U45400DL2008PTC172107	Amrit Digvijay Infra-Tech Private Limited	Director	01/01/2008	01/01/2008	-	Active	NO
18	U74899DL1995PTC064379	AJS SECURITIES PRIVATE LIMITED	Director	25/08/2008	02/02/2008	06/12/2008	Active	NO
19	U28994DL1998PTC093445	NOIDA HARDWARE PRIVATE LIMITED	Director	30/09/2008	21/03/2008	-	Active	NO
20	U45200DL2008PTC181884	SHREE RADHA MADHAV PROJECTS PRIVATE LIMITED	Director	11/08/2008	11/08/2008	-	Active	NO
21	U51501DL2009PLC186703	RADHA MADHAV EXIM LIMITED	Director	15/01/2009	15/01/2009	-	Active	NO
22	U51909DL2007PTC158856	HANUMAN TRADELINK PRIVATE LIMITED	Director	15/02/2010	15/02/2010	-	Active	NO
23	U29248DL2013PTC250790	ASHTMURTI EXIM PRIVATE LIMITED	Director	23/08/2014	23/08/2014	-	Active	NO

Name :

Mr. Ankur Agarwal

Designation :

Director

Address :

945 Sector – 15, Faridabad – 121006, Haryana, India

Date of Birth/Age :

11.03.1977

Date of Appointment :

23.08.2014

DIN No.:

01196034

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	U67120HR1996PTC047182	VISTRIT FINVEST PRIVATE LIMITED	Director	30/03/2002	30/03/2002	-	Active	NO
2	U74999HR2004PTC047181	SUNCHIT PACK-TRADE PRIVATE LIMITED	Director	12/05/2004	12/05/2004	-	Active	NO
3	U74899HR1971PLC047179	ASSOCIATED STRIPS LTD.	Director	28/02/2007	28/02/2007	17/08/2013	Active	NO
4	U29248DL2013PTC250790	ASHTMURTI EXIM PRIVATE LIMITED	Director	23/08/2014	23/08/2014	-	Active	NO
5	AAC-4317	TRADESEA XPORT LLP	Designated Partner	04/07/2014	04/07/2014	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 25.09.2014

Names of Shareholders	No. of Shares	%age
Rajeev Bansal	5000	50.00
Ankit Garg	5000	50.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

LIST OF ALLOTEES

ALLOTMENT DATED 30.09.2014

S No.	Name	Number of Shares Allotted
1	Amit Rajendra Bhageria	18750
2	Rajendra Keshavdeoa Bhageria	18750
3	Ankur Agarwal	6250
4	Umang Agarwal	6250
5	Dhruv Rathi	8125
6	Anil Rathi	8125
7	Gopal Rathi	8125
8	Urmil Rathi	8125
9	Siddharth Maheshwari	25000
10	Sunanda Maheshwari	7500

BUSINESS DETAILS

Line of Business :	Merchant Exporter of Paper Plant Machinery
Products :	Paper Plant Machinery
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cash and Cheque
Purchasing :	Cash and Cheque

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

Customers :

Manufacturer

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

No. of Employees :

30 (Approximately)

Bankers :

Banker Name	Corporation Bank of India
Branch Address	Noida Branch, 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 :	PK Gaur and Associate Chartered Accountant
Address :	Suite #4G Uppals M6 Plaza, Jasola District Centre, New Delhi – 110025, India
Tel No :	91-11-40528391
Fax No :	91-11-40528398
E-Mail :	pkgassociate@rediffmail.com
PAN No.:	AAFP9078M
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern :	Not Available

CAPITAL STRUCTURE

As on : 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs. 5.000 Million

Issued, Subscribed & Paid-up Capital :

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

As on : 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs. 5.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
125000	Equity Shares	Rs.10/- each	Rs. 1.250 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	0.273
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.373
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.000
(4) Current Liabilities
(a) Short term borrowings	0.352
(b) Trade payables	0.320
(c) Other current liabilities	0.198
(d) Short-term provisions	0.171
Total Current Liabilities (4)	1.041
TOTAL	1.414
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(ii) Intangible Assets	0.013
(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)	0.003
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	0.016
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.341
(d) Cash and cash equivalents	0.815
(e) Short-term loans and advances	0.000
(f) Other current assets	0.242
Total Current Assets	1.398
TOTAL	1.414

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014
		TOTAL INCOME	16.874
Less		TOTAL EXPENSES	16.874
	PROFIT/(LOSS) BEFORE TAX		0.434
Less	TAX		0.162
	PROFIT/(LOSS) AFTER TAX		0.272
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	31.888
		Commission Earnings	0.000
		Other Earnings	0.000
	TOTAL EARNINGS		31.888
	Earnings Per Share (Rs.)		29.63

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT/Sales)	(%)	1.61
Operating Profit Margin (PBDIT / Sales)	(%)	2.57
Return on Total Assets (PBT/Total Assets}	(%)	30.76
Return on Investment (ROI) (PBT/Networth)		1.16
Debt Equity Ratio (Total Debt /Networth)		0.94
Current Ratio (Current Asset/Current Liability)		1.34

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	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
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	Yes
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 THE COMPANY

FIXED ASSETS

• Software

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.62.38
UK Pound	1	Rs.91.06
Euro	1	Rs.66.16

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	SUC
Report Prepared by :	RNK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	4
--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		29

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.