MIRA INFORM REPORT

Report No. :	316608
Report Date :	20.04.2015

IDENTIFICATION DETAILS

Name :	INDIGO METALWARE LLP
Registered Office :	EC 130, FLT No.202, Evershine City, Sector – 4, Vasai (East), Thane – 401208, Maharashtra
Tel No :	91-250-3299644/3299655
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	26.12.2011
Total Obligation of Contribution :	Rs. 0.100 Million
LLPIN:	AAA-7411
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Limited Liability Partnership
Line of Business :	Manufacturer and Supplier of Pizzaware, Bakeware, Stick Cookware, Barware etc.
No. of Employees :	25 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 1100
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established limited liability partnership concern having moderate track. Management of the subject has failed to file its latest financial with government department for FY2014. As per available financial of 2013, the subject has fair profit margin and liquidity position. Trade relations are fair. Business is active. Payment terms are unknown. The limited liability partnership concern 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 (GENERAL DETAILS)

Name :	Mr. Pushpendra Chouhan
Designation :	Partner
Contact No.:	91-9172518525
Date :	14.05.2015

LOCATIONS

Registered Office :	EC 130, FLT No.202, Evershine City, Sector – 4, Vasai (East), Thane– 401208, Maharashtra, India
Tel. No.:	91-250-3299644 / 3299655
Mobile No.:	91-9172518525 (Mr. Pushpendra Chouhan)
Fax No.:	Not Available
E-Mail :	Divineenterprises2011@gmail.com trushnahaverics@gmail.com
Location :	Rented
Factory :	Unit No. B9/53, 54, Near Parmar Techno Center, Opposite Western Express Highway, Vasai (East), Thane – 401208, Maharashtra, India
Location :	Owned

PARTNERS

As on: 31.03.2013

Name :

Mr. Pushpendra Bhanwar Chouhan

Designation :

Partner

Address :

609 B – Wing, CTS-217, Of VLG Gundavli, Western Express Highway, Andheri (East), Mumbai – 400093, Maharashtra, India

Date of Birth/Age :

03.02.1988

Date of Appointment :

26.12.2011

DIN No.:

05129022

PAN No.:

AREPC9411C

Email Id :

vkumarjain@hotmail.com

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	U74120MH2013PTC247307	REAL KITCHEN INDIA PRIVATE LIMITED	Director	21/08/2013	21/08/2013	-	Active	NO
2	AAA-7411	INDIGO METALWARE LLP	Designated Partner	26/12/2011	26/12/2011	-	Active	NO

Name :

Mr. Rajesh Bhalchandra Bhobu

Designation :

Partner

Address :

EC-130, Flat No. 202, Evershine City, Sector – 4, Vasai (East), Thane – 401202, Maharashtra, India

Date of Birth/Age :

02.12.1974

Date of Appointment :

26.12.2011

DIN No.:

03370541

PAN No.:

AKKPB9274F

Email Id :

Rajesh.bhobu@gmail.com

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	U51109MH2011PTC213308	PRICE & PRIME IMPEX PRIVATE LIMITED	Director	10/02/2011	10/02/2011	-	Active	NO
2	U74120MH2013PTC247307	REAL KITCHEN INDIA PRIVATE LIMITED	Director	21/08/2013	21/08/2013	-	Active	NO
3	AAA-7411	INDIGO METALWARE LLP	Designated Partner	26/12/2011	26/12/2011	-	Active	NO

Name :

Mr. Ranjith Kunhikuruvan Theertnamkara

Designation :

Partner

Address :

B-402, Jagdish Apt. Military Road, Marol, Andheri (East), Mumbai – 400059, Maharashtra, India

Date of Birth/Age :

22.08.1975

Date of Appointment :

26.12.2011

DIN No.:

03370279

PAN No.:

AHXPK4864C

Email id :

Ranjitk1974@yahoo.co.in

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	U51109MH2011PTC213308	PRICE & PRIME IMPEX PRIVATE LIMITED	Director	10/02/2011	10/02/2011	-	Active	NO
2	U29253KA2013PTC069492	STAR SOLARISATION INDIA PRIVATE LIMITED	Director	04/06/2013	04/06/2013	-	Active	NO
3	U74120MH2013PTC247307	REAL KITCHEN INDIA PRIVATE LIMITED	Director	21/08/2013	21/08/2013	-	Active	NO
4	AAA-7411	INDIGO METALWARE LLP	Designated Partner	26/12/2011	26/12/2011	-	Active	NO

OBLIGATION DETAILS

As on 31.03.2013

Name of Persons	Obligation of Contribution (Rs. In Million)
Pushpendra Bhanwar Chouhan	0.050
Rajesh Bhalchandra Bhobu	0.025
Ranjith Kunhikuruvan Theertnamkara	0.025
Total	0.100

BUSINESS DETAILS

Line of Business :	Manufacturer and Supplier of Pizzaware, Bakeware, Stick Cookware, Barware etc.
Products :	Pizzaware Bakeware Stick Cookware Barware Kitchen Utensils Wire Product
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Finished goods
Countries :	Middle East Australia Germany India
Imports :	Not Available
Terms :
Selling :	Advance Payment
Purchasing :	Advance Payment

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 :

Wholesaler

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 :

25 (Approximately)

Bankers :

Banker Name	Federal Bank
Branch Address	Vasai, Thane, 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

Auditors :
Name :	Sksheety and Associates Chartered Accountants
Memberships :	Not Available
Collaborators :	Not Available
Sister concern :	Real Kitchen India Private Limited

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2013	31.03.2012
SHAREHOLDERS FUNDS
1] Contribution Received		0.100	0.100
2] Share Capital		0.000	0.000
3] Share Application Money		0.000	0.000
4] Reserves & Surplus		0.271	0.000
4] (Accumulated Losses)		0.000	0.000
NETWORTH		0.371	0.100
LOAN FUNDS
1] Secured Loans		0.000	0.000
2] Unsecured Loans		1.076	0.000
TOTAL BORROWING		1.076	0.000
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		1.447	0.100
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]
Capital work-in-progress		0.094	0.000
		0.000	0.000
INVESTMENT
DEFERREX TAX ASSETS		0.000	0.000
		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.017	0.000
	Sundry Debtors	0.527	0.000
	Cash & Bank Balances	0.069	0.075
	Other Current Assets	0.036	0.025
	Loans & Advances	0.000	0.000
Total Current Assets		1.649	0.100
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.234	0.000
	Provisions	0.062	0.000
Total Current Liabilities		0.296	0.000
Net Current Assets		1.353	0.100
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		1.447	0.100

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013
	SALES
		Income	3.635
		Other Income	0.006
		TOTAL	3.641
Less	EXPENSES
		Selling Expenses	0.134
		Administrative Expenses	0.343
		Increase/decrease in stock (Including for raw material, work in progress and finished goods)	(1.017)
		Other Expenses	4.045
		TOTAL	3.505
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		0.136
Less/ Add	DEPRECIATION/ AMORTISATION		0.029
	PROFIT/(LOSS) BEFORE TAX		0.107
Less	TAX		0.036
	PROFIT/(LOSS) AFTER TAX		0.071

KEY RATIOS

PARTICULARS		31.03.2013
Net Profit Margin (PAT/Sales)	(%)	1.95
Return on Total Assets (PBT/Total Assets}	(%)	6.14
Return on Investment (ROI) (PBT/Networth)		0.29
Debt Equity Ratio (Total Debt /Networth)		2.90
Current Ratio (Current Asset/Current Liability)		5.57

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)
Contribution Received	0.100	0.100
Reserves & Surplus	0.000	0.271
Net worth	0.100	0.371
Secured Loans	0.000	1.076
Unecured Loans	0.000	0.000
Total borrowings	0.000	1.076
Debt/Equity ratio	0.000	2.900

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	Yes
17]	Major suppliers	No
18]	Major customers	No
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	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	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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

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.62.34
UK Pound	1	Rs.93.09
Euro	1	Rs.67.13

INFORMATION DETAILS

Information Gathered by :	MNJ
Analysis Done by :	SUM
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
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	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		27

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.