MIRA INFORM REPORT

Report No. :	334845
Report Date :	03.08.2015

IDENTIFICATION DETAILS

Name :	ONEWORLD RETAIL PRIVATE LIMITED
Registered Office :	2nd Floor, Todi Estate, Above Post Office, Sun Mill Compound, Lower Parel, Mumbai-400013, Maharashtra
Tel. No.:	91- 22-43533400 (Mr. Mukesh Chawariya)
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	03.05.2012
Com. Reg. No.:	11-230583
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U74900MH2012PTC230583
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMO05945C
PAN No.: [Permanent Account No.]	AABCO6658C
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Fabric.
No. of Employees :	10 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Status :	Small Company
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small company in its field. Its scale of activities are limited. The rating is constrained on account of company’s small scales of business operation and small net worth of the company. However, trade relations are reported to be fair. Business is active. Payment terms are slow but correct. The company can be considered for small 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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 31-03-2013.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Mukesh Chawariya
Designation :	Accounts Executive
Contact No.:	91-22-43533400
Date :	31.07.2015

LOCATIONS

Registered Office :	2nd Floor, Todi Estate, Above Post Office, Sun Mill Compound, Lower Parel, Mumbai-400013, Maharashtra, India
Tel. No.:	91-22-43533400
Fax No.:	91-22-43533444
E-Mail :	oneworld.re@gmail.com
Warehouse :	Located at: · Bhiwandi

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Manoj Khushalani

Designation :

Director

Address :

602 Manik Apartment, Opposite Central Bank of India,, Santacruz (West), Mumbai- 400054, Maharashtra, India

Date of Birth/Age :

15.09.1978

Date of Appointment :

27.04.2012

DIN No.:

02786009

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	Company/ LLP Status	Defaulting status
1	U74999MH2012PTC230339	ONEWORLD CREATIONS PRIVATE LIMITED	Director	27-04-2012	27-04-2012	Active	NO
2	U74120MH2012PTC230510	ONEWORLD INDUSTRIES PRIVATE LIMITED	Director	02-05-2012	02-05-2012	Active	NO
3	U74900MH2012PTC230583	ONEWORLD RETAIL PRIVATE LIMITED	Director	03-05-2012	03-05-2012	Active	NO
4	U51900MH2015PTC266726	TISSORI INDIA FABRICS PRIVATE LIMITED	Director	20-07-2015	20-07-2015	Active	NO

Name :

Mr. Urvil Akshaya Jani

Designation :

Director

Address :

92/B, 9th Floor, Advent Building, Next to Y B Chavan, Hall, G J Bhosale Marg, Sachivalaya, Mumbai-400021, Maharashtra, India

Date of Birth/Age :

09.06.1975

Date of Appointment :

27.04.2012

DIN No.:

03467004

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	Company/ LLP Status	Defaulting status
1	U74999MH2012PTC230339	ONEWORLD CREATIONS PRIVATE LIMITED	Director	27-04-2012	27-04-2012	Active	NO
2	U74120MH2012PTC230510	ONEWORLD INDUSTRIES PRIVATE LIMITED	Director	02-05-2012	02-05-2012	Active	NO
3	U74900MH2012PTC230583	ONEWORLD RETAIL PRIVATE LIMITED	Director	03-05-2012	03-05-2012	Active	NO
4	U51900MH2015PTC266726	TISSORI INDIA FABRICS PRIVATE LIMITED	Director	20-07-2015	20-07-2015	Active	NO

KEY EXECUTIVES

Name :	Mr. Mukesh Chawariya
Designation :	Accounts Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Urvil Akshaya Jani	9700	97.00
Manoj Uttam Khushalani	200	2.00
Jiten Uttam Khushlani	100	1.00
Total	10000	100.00

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader of Fabric.
Brand Names :	--
Agencies Held :	--
Exports :
Products :	--
Countries :	--
Imports :
Products :	--
Countries :	--
Terms :
Selling :	Cash and Advance Payment
Purchasing :	Cash and Advance Payment

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Retailers and End Users

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

10 (Approximately)

Bankers :

Bank Name:	Punjab National Bank
Branch:	Colaba Fort, Mumbai, 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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

Facilities :

--

Banking Relations :	--
Auditors :
Name :	Mulraj D Gala Chartered Accountant
Address :	B-21 Shastri Niketan, R C Marg, Chembur Naka BHE. Tel.Exch, Mumbai-400071, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AGYPG0691H
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 31.03.2014

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	31.03.2014	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	0.069	(0.024)
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	0.169	0.076
(3) Non-Current Liabilities
(a) Long-term borrowings	0.190	0.190
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.190	0.190
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	0.206	0.000
(c) Other current liabilities	0.000	0.000
(d) Short-term provisions	0.103	0.007
Total Current Liabilities (4)	0.309	0.007
TOTAL	0.668	0.273
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	0.000	0.000
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	0.630	0.000
(d) Cash and cash equivalents	0.032	0.273
(e) Short-term loans and advances	0.006	0.000
(f) Other current assets	0.000	0.000
Total Current Assets	0.668	0.273
TOTAL	0.668	0.273

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013
	SALES
		Revenue from Operation	10.988	3.263
		Other Income	0.000	0.000
		TOTAL	10.988	3.263
Less	EXPENSES
		Cost of Materials Consumed	9.786	2.861
		Employees benefits expense	0.388	0.012
		Other expenses	0.672	0.364
		TOTAL	10.846	3.237
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		0.142	0.026
Less	FINANCIAL EXPENSES		0.004	0.000
Less	EXTRAORDINARY ITEMS		0.000	0.043
	PROFIT BEFORE TAX		0.138	(0.017)
Less	TAX		0.045	0.007
	PROFIT AFTER TAX		0.093	(0.024)
	Earnings Per Share (Rs.)		9.32	(2.4)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA
Cash Generated from Operations	NA	NA
Net Cash Flow from used in Operations	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	0.85	(0.74)
Return on Total Assets (PBT/Total Assets}	(%)	20.66	(6.23)
Return on Investment (ROI) (PBT/Networth)		0.82	(0.22)
Debt Equity Ratio (Total Liability/Networth)		1.12	2.50
Current Ratio (Current Asset/Current Liability)		2.16	39.00

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Share Capital	0.100	0.100
Reserves & Surplus	(0.024)	0.069
Money received against share warrants	0.000	0.000
Share Application money pending allotment	0.000	0.000
Net worth	0.076	0.169
Long-term borrowings	0.190	0.190
Short term borrowings	0.000	0.000
Total borrowings	0.190	0.190
Debt/Equity ratio	2.500	1.124

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Revenue from Operation	3.263	10.988
		236.745

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Revenue from Operation	3.263	10.988
Profit	(0.024)	0.093
	(0.74%)	0.85%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	Yes
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last two years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last two years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES NO CHARGES EXIST FOR COMPANY

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Loans and advances from related parties	0.190	0.190
Total	0.190	0.190

CORPORATE INFORMATION:

Oneworld Retail Private Limited (‘The Company’), was incorporated on May, 2012 as a private limited company in Mumbai, India. The core business activity of the company is that of dealing in Cloths/fabrics and related materials. The final account have been prepared for the period from 1^st April, 2013 upto 31^st March, 2014.

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. 64.01
UK Pound	1	Rs. 99.84
Euro	1	Rs. 70.16

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	KAR
Report Prepared by :	IND

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
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--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		26

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.