MIRA INFORM REPORT

Report No. :	334954
Report Date :	06.08.2015

IDENTIFICATION DETAILS

Name :	GOLYAN EXIM PRIVATE LIMITED
Registered Office :	4/32, 2nd Floor, W.E.A, Karol Bagh, New Delhi - 110005
Tel. No.:	91-11-25805603
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	04.02.2011
Com. Reg. No.:	55-213374
Capital Investment / Paid-up Capital :	Rs. 1.234 Million
CIN No.: [Company Identification No.]	U51909DL2011PTC213374
IEC No.:	0511003323
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAECG1036D
Legal Form :	Private Limited Liability Company
Line of Business :	Distributor and Trader of Mobile Phones and Accessories, Mobile Hand set
No. of Employees :	50 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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 was incorporated in the year 2011 and it is a distributor and trader of mobile phones and accessories. Subject is an established company having satisfactory track record. For the financial year ended 2014, company possesses above average operational performance and achieved decent sales turnover growth during a year under a review. However, company failed to maintained profitability margins and reported low margins at 0.17%. Rating also takes into account of company’s sound financial risk profile marked by above average net worth base and favourable gap between trade payables to its receivables. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual 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 – 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

Name :	Mr. Vinod Agarwal
Designation :	Director
Contact No.:	91-9250146900
Date :	05.08.2015

LOCATIONS

Registered Office :	4/32, 2nd Floor, W.E.A, Karol Bagh, New Delhi – 110005, India
Tel. No.:	91-11-25805603
Mobile No.:	91-9250146900 (Mr. Vinod Agarwal)
Fax No.:	Not Available
E-Mail :	info@golyan.com admin@golyanexim.com roc@chachanlath.in
Website :	www.golyan.com

DIRECTORS

As on 30.09.2014

Name :

Mr. Imran Khan

Designation :

Director

Address :

2566, Hudson Lane, Kingsway Camp, New Delhi – 110009, India

Date of Birth/Age :

24.10.1984

Date of Appointment :

25.09.2012

DIN No.:

05124650

Name :

Mr. Kartik Agarwal

Designation :

Director

Address :

238, Top Floor, Tagore Park, Delhi – 110009, India

Date of Birth/Age :

15.091993

Date of Appointment :

25.10.2012

DIN No.:

05124826

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	U51909DL2011PTC213374	GOLYAN EXIM PRIVATE LIMITED	Director	25/09/2012	25/10/2011	-	Active	NO
2	AAC-7707	GOLYAN INDIA LLP	Designated Partner	30/09/2014	30/09/2014	-	Active	NO

Name :

Mrs. Mamta Agarwal

Designation :

Director

Address :

C-74 Farmer Apts., Sec-13, Rohini, New Delhi - 110085, India

Date of Birth/Age :

10.06.1969

Date of Appointment :

04.02.2011

DIN No.:

03368562

Name :

Mr. Vinod Agarwal

Designation :

Director

Address :

238, Top Floor, Tagore Park, Delhi – 110009, India

Date of Birth/Age :

10.12.1968

Date of Appointment :

04.02.2011

DIN No.:

01618668

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	U72300DL1996PLC075672	INTEX TECHNOLOGIES (INDIA) LIMITED	Additional director	30/03/2007	30/03/2007	03/08/2007	Active	NO
2	U27310DL2007PTC161604	GOLYAN METAL PRIVATE LIMITED	Additional director	15/03/2008	15/03/2008	-	Active	NO
3	U51909DL2011PTC213374	GOLYAN EXIM PRIVATE LIMITED	Director	04/02/2011	04/02/2011	-	Active	NO
4	AAC-7707	GOLYAN INDIA LLP	Designated Partner	30/09/2014	30/09/2014	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Vinod Agarwal	20500
Mamta Agarwal	12000
Dinesh Agarwal	3830
Imran Khan	2500
Ispak Khan	9600
Rachita Agarwal	14200
Roshan Lal	15650
Roshan Lal (Huf)	7150
Tara Mani	18450
Dinesh Agarwal (Huf)	7450
Vinod Agarwal (Huf)	12050
Total	123380

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 :	Distributor and Trader of Mobile Phones and Accessories, Mobile Hand set
Products :	Mobile Handsets Consumer Electronics IT Accessories Mobile Accessories
Brand Names :	Not Available
Agencies Held :	INTEX MI GOLD VSUN MAXX Karborn Mobiles
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash and Credit (30/60/90 Days)
Purchasing :	Cash and Credit (30/60/90 Days)

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 :

End Users and OEMs

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 :

50 (Approximately)

Bankers :

Bank Name	Kotak Mahindra Bank
Branch	Karol Bagh, New Delhi, India
Person Name (With Designation)	Not Divulged
Contact Number	91-1800226022 (Ringing)
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
LONG TERM BORROWING
Loans for Vehicle	2.139	0.000
Total	2.139	0.000

Banking Relations :	--
Auditors :
Name :	Chachan and Lath Chartered Accountants
Address :	303, GARG PLAZA, 4 LSC, GULABI BAGH, DELHI – 110052, India
Tel. No.:	91-11-23654483/23655495
E-Mail :	info@chachanlath.in
PAN N Income-tax PAN of auditor or auditor's firm :	AABFC7580J
Memberships :	--
Collaborators :	--
Kay management Personal (KMP) and relatives of KMP :	Intex Technologies (India) Limited

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
250,000	Equity Shares	Rs.10/- each	Rs. 2.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
123,380	Equity Shares	Rs.10/- each	Rs. 1.234 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1.234	1.139	1.138
(b) Reserves & Surplus	13.342	11.070	10.110
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	14.576	12.209	11.248
(3) Non-Current Liabilities
(a) long-term borrowings	3.124	2.775	2.375
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	3.124	2.775	2.375
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	25.734	24.388	7.959
(c) Other current liabilities	23.442	1.878	10.161
(d) Short-term provisions	1.096	0.777	0.325
Total Current Liabilities (4)	50.272	27.043	18.445
TOTAL	67.972	42.027	32.068
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	5.311	0.466	0.641
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	2.233	0.231	2.519
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	7.544	0.697	3.160
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	10.319	12.264	12.946
(c) Trade receivables	38.279	22.804	11.978
(d) Cash and cash equivalents	10.398	4.766	2.765
(e) Short-term loans and advances	1.432	1.496	1.219
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	60.428	41.330	28.908
TOTAL	67.972	42.027	32.068

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	TOTAL INCOME	785.076	335.645	224.681
Less	EXPENSES
	TOTAL	NA	NA	NA
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	3.024	1.587	NA
Less/ Add	DEPRECIATION/ AMORTISATION	1.058	0.174	NA
	PROFIT/ (LOSS) BEFORE TAX	1.966	1.413	1.039
Less	TAX	0.610	0.452	0.322
	PROFIT/ (LOSS) AFTER TAX	1.356	0.961	0.717
	Earnings / (Loss) Per Share (Rs.)	11.6	8.43	64.33

Particulars	31.03.2015
Sales Turnover (Approximately)	1000.000

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	1.438	0.000	0.000
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.17	0.29	0.32
Return on Total Assets (PBT/Total Assets}	(%)	2.89	3.36	3.24
Return on Investment (ROI) (PBT/Networth)		0.13	0.12	0.09
Debt Equity Ratio (Total Debt /Networth)		0.31	0.23	0.21
Current Ratio (Current Asset/Current Liability)		1.20	1.53	1.57

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	1.138	1.139	1.234
Reserves & Surplus	10.110	11.070	13.342
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	11.248	12.209	14.576
long-term borrowings	2.375	2.775	3.124
Short term borrowings	0.000	0.000	0.000
Current maturities of long-term debts	0.000	0.000	1.438
Total borrowings	2.375	2.775	4.562
Debt/Equity ratio	0.211	0.227	0.313

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
TOTAL INCOME	224.681	335.645	785.076
		49.387	133.901

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
TOTAL INCOME	224.681	335.645	785.076
Profit	0.717	0.961	1.356
	0.32%	0.29%	0.17%

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	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 four years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three 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

NOTE: Registered office of the company has been shifted from 4/28, Krishna Market, 1^st Floor, W.E.A. Karol Bagh, New Delhi – 110005, India to the present address w.e.f. 15.04.2012

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	0.985	2.775
Total	0.985	2.775

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Computer
• Printers
• Office Equipment
• Vehicle
• Air conditioner

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 :	PRP
Analysis Done by :	KAR
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	3
--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		43

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.