MIRA INFORM REPORT

Report No. :	334559
Report Date :	03.08.2015

IDENTIFICATION DETAILS

Name :	VISCUS OIL PRIVATE LIMITED
Registered Office :	55/1/2-C, New Palasia, Indore - 452001, Madhya Pradesh
Tel. No.:	91-731-2435287
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	30.12.1986
Com. Reg. No.:	10-003733
Capital Investment / Paid-up Capital :	Rs. 3.393 Million
CIN No.: [Company Identification No.]	U15142MP1986PTC003733
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	BPLV00656F
PAN No.: [Permanent Account No.]	AAACV6554D
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing of vegetable oil and its products/ derivatives.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a Private Limited Company incorporated on 30 December 1986. It is classified as Indian No-Government Company and is registered at Registrar of Companies, Gwalior. Its authorized share capital is Rs. 5.000 Million and it’s paid up capital is Rs. 3.393 Million 2014. Directors of Viscus Oils Private Limited are Raj Kumar Patel and Kusum Bena Patel. It is an established company having a satisfactory track record. Financial position of the company seems to be decent. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered for normal business dealings at usual trade 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 – 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

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 31-03-2013.

INFORMATION DENIED BY

Name :	Mr. Ghiya
Designation :	Accountant
Contact No.:	91-731-2432205
Date :	31.07.2015

LOCATIONS

Registered Office :	55/1/2-C, New Palasia, Indore - 452001, Madhya Pradesh, India
Tel. No.:	91-731-2435287
Fax No.:	91-731-2431168
E-Mail :	akk@dataone.in

DIRECTORS

AS ON 30.09.2014

Name :

Raj Kumar Patel

Designation :

Managing Director

Address :

12/8, New Palasia, Indore, 452001, Madhya Pradesh, India

Date of Birth/Age :

28.07.1967

Date of Appointment :

13.12.1986

PAN NO.:

ACCPP7174Q

DIN No.:

00137894

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	U15142MP1986PTC003733	VISCUS OILS PRIVATE LIMITED	Managing director	13-12-1986	13-12-1986	-	Active	NO
2	U72200MP1999PLC013671	VISCUS INFOTECH LIMITED	Managing director	05-08-1999	05-08-1999	-	Active	NO
3	U72200MP2000PLC014217	VISCUS INFOBIZ LIMITED	Managing director	12-05-2000	12-05-2000	-	Active	NO
4	U70101MP2011PTC026214	ARIHANT HOMES INDIA PRIVATE LIMITED	Director	21-06-2011	21-06-2011	-	Active	NO

Name :

Kusum Bena Patel

Designation :

Director

Address :

12/8, New Palasia, Indore, 452001, Madhya Pradesh, India

Date of Birth/Age :

13.03.1937

Date of Appointment :

01.03.2007

PAN NO.:

ACHPP2388R

DIN No.:

012450600

KEY EXECUTIVES

Name :	Mr. Ghiya
Designation :	Accountant

MAJOR SHAREHOLDERS

AS ON 30.09.2014

(SHAREHOLSERS DETAILS FILE ATTACHED)

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing of vegetable oil and its products/ derivatives.
Products :	Linseed Oil and its Derivatives Castor oil and its derivatives Soya oil and its derivatives. Alkyd resins Bio degradable lubricating oil for oil drilling rigs. Etc.
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	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
Maximum Limit Dealt :	Not Divulged
Experience :	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
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

Information declined by the management

Bankers :

Banker Name	Dena Bank
Branch Address	Sitlamata Bazar, Indore - 452002, Madhya Pradesh, 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

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Loans repayable on demand	8.738	23.554
Total	8.738	23.554

Auditors :
Name :	Khandelwal and Jhaver Chartered Accountant
Address :	7/1, Chartered Chamber III Floor, Ushaganj Chhawani, Indore – 452001, Madhya Pradesh, India
PAN N Income-tax PAN of auditor or auditor's firm :	AFNPK7125E
Memberships :	Not Available
Collaborators :	Not Available
Associates:	Viscus Infotech Limited, India [U72200MP1999PLC013671] Gwalior Oil And Soap Mills, India

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
5000	Equity Shares	Rs.1000/- each	Rs.5.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3393	Equity Shares	Rs.1000/- each	Rs.3.393 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	3.393	3.393
(b) Reserves & Surplus	74.826	60.740
(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)	78.219	64.133
(3) Non-Current Liabilities
(a) long-term borrowings	142.175	118.730
(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)	142.175	118.730
(4) Current Liabilities
(a) Short term borrowings	8.738	23.554
(b) Trade payables	13.614	14.631
(c) Other current liabilities	6.699	7.259
(d) Short-term provisions	1.054	2.280
Total Current Liabilities (4)	30.105	47.724
TOTAL	250.499	230.587
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	23.971	20.195
(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	0.133	0.300
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	2.733	2.688
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	26.837	23.183
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	14.245	8.174
(c) Trade receivables	137.385	122.549
(d) Cash and cash equivalents	3.254	15.521
(e) Short-term loans and advances	5.539	4.185
(f) Other current assets	63.239	56.975
Total Current Assets	223.662	207.404
TOTAL	250.499	230.587

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013
	TURNOVER	1097.300	1141.300
	EXPENSES	NA	NA
	PROFIT/ (LOSS) BEFORE TAX	2112.100	2145.800
Less	TAX	2098.014	2130.653
	PROFIT/ (LOSS) AFTER TAX	14.086	15.147
	Earnings / (Loss) Per Share (Rs.)	4151.49	4464.20

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	0.306
Cash generated from operations	NA	NA
Net cash flows from (used in) operations	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	1.28	1.33
Return on Total Assets (PBT/Total Assets}	(%)	843.60	931.79
Return on Investment (ROI) (PBT/Networth)		27.00	33.46
Debt Equity Ratio (Total Debt /Networth)		1.93	2.22
Current Ratio (Current Asset/Current Liability)		7.43	4.35

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	3.393	3.393
Reserves & Surplus	60.740	74.826
Net worth	64.133	78.219
long-term borrowings	118.730	142.175
Short term borrowings	23.554	8.738
Total borrowings	142.590	150.913
Debt/Equity ratio	2.223	1.929

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	1141.300	1097.300
		(3.855)

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	1141.300	1097.300
Profit	15.147	14.086
	1.33%	1.28%

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	No
17	Details of sister concerns	Yes
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	No
35	Negative Reporting by Auditors in the Annual Report	No

FINANCIAL RESULTS:

During the year, the Company has achieved a lower turnover of Rs. 1097.300 Million as compared to Rs. 1141.300 Million in the preceding year, and earned a lower Profit before Tax of Rs. 2112.100 Million as compared to Profit before tax of Rs. 2145.800 Million in the last year.

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Loans and advances from related parties	142.175	118.730
Total	142.175	118.730

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	90203522	11/09/2001 *	4,100,000.00	DENA BANK	SITLAMATA BAZAR BRANCH, INDORE, MADHYA PRADESH, INDIA	-
2	90203221	04/04/2006 *	24,000,000.00	DENA BANK	SITLAMATA BAZAR, INDORE, MADHYA PRADESH - 452001,  INDIA	-
3	90202493	23/09/2011 *	40,000,000.00	DENA BANK	SITLAMATA BAZAR, INDORE, MADHYA PRADESH - 452002,  INDIA	B23946189

* Date of charge modification

FIXED ASSETS

Tangible assets

• Land
• Buildings
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment

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 :	GYT
Analysis Done by :	RAS
Report Prepared by :	GTA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION		0
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.