MIRA INFORM REPORT

Report No. :	335434
Report Date :	06.08.2015

IDENTIFICATION DETAILS

Name :	EURO PANEL PRODUCTS PRIVATE LIMITED (w.e.f.22.10.2014)
Formerly Known As :	ARCHER TRADING HOUSE PRIVATE LIMITED
Registered Office :	702, 7^TthFloor, Aravali Business Centre, Ramdas Sutrate Road, Borivali (West), Mumbai – 400092, Maharashtra
Tel. No.:	91-22-28915041
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	18.12.2013
Com. Reg. No.:	11-251176
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U28931MH2013PTC251176
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 :	Manufacturer, Trader and Importer of Aluminium Composite Panel.
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Status :	New Company
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Euro Panel Products Private Limited is a Private Company incorporated on 18 December 2013. It is classified as Indian Non-Government Company and is registered at Registrar of Companies, Mumbai. Its authorized share capital is Rs.50.000 Million and its paid up capital is Rs.50.000 Million. Mr. Bhavin Chattbar (Account Department) has provided us with the general information. Even though the company was incorporated in the year 2013, it has commenced commercial activities from March 2015. Trade relations are improving. Business is active. Payment terms are reported to be unknown. The company can be considered for business dealings on a fully safe and secured business 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 – 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 PARTED BY (GENERAL DETAILS)

Name :	Mr. Bhavin Chattbar
Designation :	Account Department
Contact No.:	91-22-28915041
Date :	04.08.2015

LOCATIONS

Registered Office :	702, 7^TthFloor, Aravali Business Centre, Ramdas Sutrate Road, Borivali (West), Mumbai – 400092, Maharashtra, India
Tel. No.:	91-22-28915041/ 29686500
Fax No.:	91-22-28932221
E-Mail :	info@europanel.co.in
Website :	http://www.europanel.co.in
Factory :	Survey No.124/4, Manekpur, Sanjan, Khattalwada Umbergaon, Valsad – 396120, India
Warehouse:	Bhiwandi, Maharashtra, India

DIRECTORS

As on 30.09.2014

Name :

Mr. Rajesh Shah Nanalal

Designation :

Director

Address :

G-8, Mangal Kunj, S.V. Road, Borivali (West), Mumbai – 400092, Maharashtra, India

Date of Birth/Age :

21.11.1965

Date of Appointment :

04.04.2014

DIN No.:

02038392

Name :

Ms. Mahek Harish Shah

Designation :

Director

Address :

5, Dhan Bulding, B- Wing, 3rd Floor,, Lamington Road., Mumbai, 400007, Maharashtra, India

Date of Birth/Age :

05.10.1985

Date of Appointment :

30.09.2014

DIN No.:

00108369

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	L72200GJ1993PLC019822	LYONS TECHNOLOGIES LIMITED	Director	30/09/2013	20/03/2005	-	Active	NO
2	U26100MH2007PTC175536	Euro Glass Private Limited	Whole-time director	01/01/2008	03/12/2007	20/12/2011	Active	NO
3	U13200MH2009PTC198098	Euro Natural Resources Private Limited	Director	28/09/2012	24/12/2009	-	Active	NO
4	U28931MH2013PTC251176	EURO PANEL PRODUCTS PRIVATE LIMITED	Director	30/09/2014	11/08/2014	-	Active	NO
5	AAC-2444	EURO PANEL INDUSTRIES LLP	Designated Partner	04/04/2014	04/04/2014	-	Active	NO

Name :

Ms. Divya Rajesh Shah

Designation :

Director

Address :

G-8, Mangal Kunj, S.V. Road, Borivali (West), Mumbai – 400092, Maharashtra, India

Date of Birth/Age :

23.03.1993

Date of Appointment :

30.09.2014

DIN No.:

05129462

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	U51909MH2013PTC251127	RAJESH MULTITRADE PRIVATE LIMITED	Director	17/12/2013	17/12/2013	-	Active	NO
2	U28931MH2013PTC251176	EURO PANEL PRODUCTS PRIVATE LIMITED	Director	30/09/2014	08/08/2014	-	Active	NO
3	AAC-2444	EURO PANEL INDUSTRIES LLP	Designated Partner	04/04/2014	04/04/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Bhavin Chattbar
Designation :	Account Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Rajesh Shah Nanalal	4000	40.00
Divya Rajesh Shah	3000	30.00
Krishna Rajesh Shah	3000	30.00
Total	10000	100.00

As on 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Trader and Importer of Aluminium Composite Panel.
Products :	Aluminium Composite Panel
Brand Names :	Not Available
Agencies Held :	Not Divulged
Exports :	Not Available
Imports :
Products :	Raw Material
Countries :	China Taiwan
Terms :
Selling :	Cash, L/C and Credit
Purchasing :	Cash, L/C and Credit

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 :

Wholesalers, Retailers and Others

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 :

100 (Approximately)

Bankers :

Bank Name	Bank of Baroda
Branch	Santacruz (West), 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 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 :

Secured Loan	31.03.2014 (Rs. in Million)
Short-term borrowings
Short term borrowings	0.178
Audit Fees	0.006
Total	0.184

Auditors :
Name :	Vipul M. Shah and Associates Chartered Accountants
Address :	C-11, Sanjay Apartment, Mandapeshwar Road, Above Union Bank of India, Borivali (West), Mumbai – 400092, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAFPS3359H
Memberships :	--
Collaborators :	--
Enterprises over which Key Managerial Personnel are able to exercise Significant influence:	Divya Ply Agency Private Linited Rajesh Multytrade Private Limied K.R. Enterprises

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Million
4000000	Preference Shares	Rs.10/- each	Rs.40.000 Million
	Total		Rs.50.000 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
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	0.184
(b) Trade payables	0.000
(c) Other current liabilities	0.000
(d) Short-term provisions	0.000
Total Current Liabilities (4)	0.184
TOTAL	0.284
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	0.184
Total Current Assets	0.284
TOTAL	0.284

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014
	TOTAL INCOME	NIL
Less	EXPENSES	NIL
	PROFIT/ (LOSS) BEFORE TAX	NIL
Less	TAX	NIL
	PROFIT/ (LOSS) AFTER TAX	NIL
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	NIL
	Balance Carried to the B/S	NIL
	Earnings / (Loss) Per Share (Rs.)	NA

Activity Started from March 2015

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014
Current Maturities of Long term debt	NA
Cash generated from operations	NA
Net cash flow from operating activity	NA

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT / Sales)	(%)	0.00
Operating Profit Margin (PBIDT/Sales)	(%)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	0.00
Return on Investment (ROI) (PBT/Networth)		0.00
Debt Equity Ratio (Total Debt /Networth)		1.84
Current Ratio (Current Asset/Current Liability)		1.54

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)	Yes
16	No. of employees	Yes
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 three years	No
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	No
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

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10538968	26/12/2014	186,400,000.00	BANK OF BARODA	SANTACRUZ (WEST) BRANCH, INDRAYANI BUILDING.,, JUHU ROAD, SANTACRUZ (WEST), MUMBAI, Maharashtra - 400054, INDIA	C38264057
2	10538971	26/12/2014	186,400,000.00	BANK OF BARODA	SANTACRUZ (WEST) BRANCH, INDRAYANI BUILDING.,, JUHU ROAD, SANTACRUZ (WEST), MUMBAI, Maharashtra - 400054, INDIA	C38265674

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.63.81
UK Pound	1	Rs.99.15
Euro	1	Rs.69.31

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	SAN
Report Prepared by :	SUD

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.