MIRA INFORM REPORT

Report No. :	317777
Report Date :	18.04.2015

IDENTIFICATION DETAILS

Name :	LAVENDER COTSPIN PRIVATE LIMITED
Registered Office :	4A, Vikas Centre, 104, S.V. Road, Santacruz (West), Mumbai – 400 054, Maharashtra
Tel. No.:	91-22-42766666
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	15.12.2012
Com. Reg. No.:	11-238852
Capital Investment / Paid-up Capital :	Rs.0.100 million
CIN No.: [Company Identification No.]	U17299MH2012PTC238852
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUML09241B
PAN No.: [Permanent Account No.]	AACCL4090Q
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of manufacturing in all kinds of yarns, textiles, readymade garments.
No. of Employees :	Information declined by the Management.

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a company having moderate track record. Management has denied to disclose any information to us. Further management has also filed to file its financial record with Government Department for the year 2014. As per the available financial record of 2013, the company has not undertaken any business operations. As per the status shown in the registrar of companies business appears to be active. Payments are reported to be unknown. The company can be considered for business dealings on safe and secured trade terms and conditions.

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 DECLINED

Management non-cooperative

(Tel. No.: 91-22-42766666)

LOCATIONS

Registered Office :	4A, Vikas Centre, 104, S.V. Road, Santacruz (West), Mumbai – 400 054, Maharashtra, India
Tel. No. :	91-22-42766666
Fax No. :	Not Available
E-Mail :	csdeesangroup@deesantex.in cs@deesantex.in

DIRECTORS

AS ON 11.09.2013

Name :

Ms. Jayshree Amrish Patel

Designation :

Director

Address :

Khushal Bunglow, Pallavi Beach,Angle Society, Ruia Park, Juhu, Mumbai – 400 049, Maharashtra, India

Date of Birth/Age :

01.09.1955

Date of Appointment :

15.12.2012

DIN No. :

00482104

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	U17120MH2004PTC145082	DWETA TEX FAB PRIVATE LIMITED	Director	16/03/2004	16/03/2004	-	Active	NO
2	U17120MH2004PTC148907	PRIYADARSINI GARMENT PRIVATE LIMITED	Director	30/09/2004	30/09/2004	05/03/2010	Active	NO
3	U51310MH2005PTC153564	DEESAN EXPORTS PRIVATE LIMITED	Director	16/06/2006	16/06/2006	-	Active	NO
4	U17120MH2004PTC145055	DEESAN TEX FAB PRIVATE LIMITED	Whole-time director	01/03/2012	16/06/2006	-	Active	NO
5	U51494MH2006PTC164876	DEESAN IMPEX PRIVATE LIMITED	Director	23/09/2006	23/09/2006	-	Active	NO
6	U18109MH2007PTC172422	PRATH EXPORTS PRIVATE LIMITED	Director	17/07/2007	17/07/2007	-	Strike off	NO
7	U18109MH2007PTC172683	DEESAN GARMENTS PRIVATE LIMITED	Director	30/07/2007	30/07/2007	-	Strike off	NO
8	U17200MH2007PTC169431	KRUSHNA COTEX PRIVATE LIMITED	Director	27/11/2007	27/11/2007	-	Active	NO
9	U70102MH2007PTC169800	DEESAN INFRASTRUCTURE PRIVATE LIMITED	Director	25/03/2008	25/03/2008	-	Active	NO
10	U17120MH2010PTC199874	SNEHA KNITTING PRIVATE LIMITED	Director	09/02/2010	09/02/2010	-	Active	NO
11	U17120MH2010PTC200417	MANDAR TEXFAB PRIVATE LIMITED	Director	25/02/2010	25/02/2010	-	Active	NO
12	U17120MH2010PTC211341	EMERALD COTEX PRIVATE LIMITED	Director	24/12/2010	24/12/2010	-	Active	NO
13	U17200MH2010PTC211386	CHATURBHUJ COTEX PRIVATE LIMITED	Director	27/12/2010	27/12/2010	-	Active	NO
14	U17120MH2011PTC219254	NANDADEVI TEXTILES PRIVATE LIMITED	Director	29/06/2011	29/06/2011	-	Active	NO
15	U17120MH2011PTC220622	MAHARSHI COTEX PRIVATE LIMITED	Director	06/08/2011	06/08/2011	-	Active	NO
16	U17230MH2011PTC223725	KASHYAP WEAVES PRIVATE LIMITED	Director	29/09/2012	10/11/2011	-	Active	NO
17	U17291MH2012PTC227854	SOMESHWAR FABRICS PRIVATE LIMITED	Director	09/03/2012	09/03/2012	-	Active	NO
18	U17291MH2012PTC238350	AVANEESH TEXFAB PRIVATE LIMITED	Director	29/11/2012	29/11/2012	-	Active	NO
19	U17299MH2012PTC238852	LAVENDER COTSPIN PRIVATE LIMITED	Director	15/12/2012	15/12/2012	-	Active	NO
20	U17299MH2012PTC238856	MARIGOLD TEXTILES PRIVATE LIMITED	Director	15/12/2012	15/12/2012	-	Active	NO
21	U17200MH2013PTC243995	BRAHMAPUTRA COTEX PRIVATE LIMITED	Director	04/06/2013	04/06/2013	-	Active	NO
22	U17291MH2013PTC246468	DURVASA TEXTILES PRIVATE LIMITED	Director	31/07/2013	31/07/2013	-	Active	NO
23	U17121MH2007PTC168837	ULHAS TEXTILES PRIVATE LIMITED	Director	24/09/2013	05/08/2013	-	Active	NO
24	U17291MH2007PTC167893	SANKALP TEXTILES PRIVATE LIMITED	Director	24/09/2013	08/08/2013	-	Active	NO
25	U17120MH2004PTC148908	KALADARSHAN GARMENT PRIVATE LIMITED	Director	26/09/2013	09/08/2013	-	Active	NO
26	U17291MH2013PTC247083	PRAMUKH COTEX PRIVATE LIMITED	Director	16/08/2013	16/08/2013	-	Active	NO
27	U17291MH2013PTC247096	AROGYA TEXTILES PRIVATE LIMITED	Director	17/08/2013	17/08/2013	-	Active	NO
28	U17200MH2013PTC247199	VARAHA TEXFAB PRIVATE LIMITED	Director	19/08/2013	19/08/2013	25/08/2013	Active	NO

Name :

Mr. Swapnil Mahendrakumar Mandore

Designation :

Director

Address :

236, Navi Peth, Jalgaon – 425 001, Maharashtra, India

Date of Birth/Age :

10.04.1983

Date of Appointment :

15.12.2012

DIN No. :

03040399

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	U17120MH2010PTC209361	SRI BHAGIRATH COTSPIN PRIVATE LIMITED	Director	22/10/2010	22/10/2010	-	Active	NO
2	U17291MH2011PTC216612	HARI COTSPIN PRIVATE LIMITED	Director	25/04/2011	25/04/2011	18/03/2014	Active	NO
3	U17200MH2012PTC237937	LILAC TEXTILES PRIVATE LIMITED	Director	15/11/2012	15/11/2012	-	Active	NO
4	U17299MH2012PTC238852	LAVENDER COTSPIN PRIVATE LIMITED	Director	15/12/2012	15/12/2012	-	Active	NO
5	U17299MH2012PTC238853	ORCHID COTEX PRIVATE LIMITED	Director	15/12/2012	15/12/2012	-	Active	NO
6	U17291MH2013PTC240695	CORALBELLS COTSPIN PRIVATE LIMITED	Director	22/02/2013	22/02/2013	-	Active	NO
7	U17291MH2013PTC241685	PRIMROSE COTEX PRIVATE LIMITED	Director	03/04/2013	03/04/2013	-	Active	NO
8	U17120MH2013PTC244373	INDUMOTI TEXFAB PRIVATE LIMITED	Director	12/06/2013	12/06/2013	-	Active	NO
9	U45400MH2013PTC247805	SHRI SIDHALAXMI PLOTTERS AND STRUCTURES PRIVATE LIMITED	Director	03/09/2013	03/09/2013	-	Active	NO
10	U17291MH2013PTC248982	AVANI TEXFAB PRIVATE LIMITED	Director	08/10/2013	08/10/2013	-	Active	NO
11	U17120MH2014PTC256669	MARIGOLD FABRICS PRIVATE LIMITED	Director	28/07/2014	28/07/2014	-	Active	NO
12	U17290MH2014PTC258333	BHAGIRATH SIZING AND WARPING PRIVATE LIMITED	Director	25/09/2014	25/09/2014	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 11.09.2013

Names of Shareholders	No. of Shares	Percentage of holding
Jayshree Amrish Patel	9000	90.00
Swapnil Mahendrakumar Mandore	1000	10.00
Total	10000	100.00

AS ON 11.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of manufacturing in all kinds of yarns, textiles, readymade garments.
Products :	Textiles Garments
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Krushna Cotex Private Limited
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 :

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 :

Information declined by the Management.

Bankers :

Banker Name	Dena Bank
Branch Address	Ville Parle (East) Branch, Krishna Bhavan, 67, Nehru Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, 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

Banking Relations :	--
Auditors :
Name :	Shrikesh V. Rathi and Company Chartered Accountants
Address :	H. No.1698, Saraf Bazar, At Shirpur, District-Dhule, Dhule – 425 405, Maharashtra, India
Tel. No. :	91-2563-255005/ 255141
E-Mail :	rathi.shrikesh@gmail.com
PAN No.:	AJHPR5874R
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

AS ON 11.09.2013

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	31.03.2013
I. EQUITY AND LIABILITIES
(1) Shareholders' Funds
(a) Share Capital	0.100
(b) Reserves & Surplus	0.000
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.100
(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	0.000
(b) Trade payables	0.000
(c) Other current liabilities	0.006
(d) Short-term provisions	0.003
Total Current Liabilities (4)	0.009
TOTAL	0.109
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(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	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	0.000
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.000
(d) Cash and cash equivalents	0.100
(e) Short-term loans and advances	0.000
(f) Other current assets	0.009
Total Current Assets	0.109
TOTAL	0.109

KEY RATIOS

PARTICULARS	31.03.2013
Debt Equity Ratio (Total Debt/Networth)	0.00
Current Ratio (Current Asset/Current Liability)	12.11

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	No
12]	Profitability for last three years	No
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	Yes
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	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	No
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

FINANCIAL RESULTS

During the year the company has not incurred any profit or loss.

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10559791	12/08/2014	7,309,000.00	DENA BANK	VILLE PARLE (EAST) BRANCH, KRISHNA BHAVAN, 67, NEHRU ROAD, VILE PARLE (EAST), MUMBAI, MAHARASHTRA -  400057, INDIA	C49366941

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.62.37
UK Pound	1	Rs.92.44
Euro	1	Rs.66.56

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	KAR
Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	-
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	-
-- PROFITABILITY	1~10	-
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	-
--CREDIT LINES	1~10	2
--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		11

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.