MIRA INFORM REPORT

Report No. :	337004
Report Date :	17.08.2015

IDENTIFICATION DETAILS

Name :	G E TRADECOM PRIVATE LIMITED
Registered Office :	4th Floor, Bordoichilla (K), G. S. Road, Bhangaghar, Guwahati – 781005, Assam
Tel. No.:	91-9954011144
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	25.06.2013
Com. Reg. No.:	02-011571
Capital Investment / Paid-up Capital :	Rs.0.200 Million
CIN No.: [Company Identification No.]	U51909AS2013PTC011571
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	SHLG01356F
PAN No.: [Permanent Account No.]	AAFCG2419K
Legal Form :	Private Limited Liability Company
Line of Business :	Dealer and Distributor of Mobile Phones.
No. of Employees :	17 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 1500
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is a relatively new private limited company incorporated in June 2013, having moderate track. Mr. Gaurav Jain (Director) further claimed that company has started its commercial activities from October 2013. As per the financials of FY 2014, company has achieved acceptable sales turnover however, small networth and huge borrowings leading to moderate financial risk profile. However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct. In view of limited track record of its operations, the company 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 – 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

Name :	Mr. Gaurav Jain
Designation :	Director
Contact No.:	91-9954011144
Date :	14.08.2015

LOCATIONS

Registered Office / Warehouse 1:	4th Floor, Bordoichilla (K), G. S. Road, Bhangaghar, Guwahati – 781005, Assam, India
Tel. No.:	Not Available
Mobile No.:	91-9954011144
Fax No.:	Not Available
E-Mail :	gaurav@getradecom.in
Location :	Owned
Locality :	Commercial
Warehouse 2:	Sethi Trus, Unit – 2, Bhangagarh, Guwahati – 781005, Assam, India
Tel. No.:	91-361-2466111

DIRECTORS

As on 30.09.2014

Name :

Mr. Sanjive Narain

Designation :

Director

Address :

H/No. 14, Ajanta Path Bye Lane - 1, Survey, Beltola, Dispur, Guwahati - 781028, Assam, India

Date of Birth/Age :

01.03.1972

Date of Appointment :

25.06.2013

DIN No.:

00398660

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	U64204AS2000PTC006308	LUIT ENTERTAINMENT PRIVATE LIMITED	Director	18/09/2000	18/09/2000	-	Strike off	NO
2	U92132AS2005PTC008386	AM TELEVISION PRIVATE LIMITED	Managing director	01/07/2013	21/06/2005	-	Active	NO
3	U64204AS2005PTC007988	PURVANCHAL COMMUNICATION PRIVATE LIMITED	Managing director	01/04/2012	08/12/2005	-	Active	NO
4	U92419AS2010PTC010095	PRAG JYOTI ENTERTAINMENT NETWORK PRIVATE LIMITED	Director	14/07/2010	14/07/2010	-	Active	NO
5	U55101RJ2010PTC030877	BHAVYAADEV HOTELS PRIVATE LIMITED	Director	23/03/2012	23/03/2012	-	Active	NO
6	U51909AS2013PTC011571	G E TRADECOM PRIVATE LIMITED	Director	25/06/2013	25/06/2013	-	Active	NO
7	U92410AS2014PTC011969	AXOM SPORTS ENTERPRISE PRIVATE LIMITED	Director	17/11/2014	17/11/2014	-	Active	NO

Name :

Mr. Gaurav Jain

Designation :

Director

Address :

Bye Lane Kamal Service Petrol Pump, H. B. Road, Machkhowa, Guwahati - 781009, Assam, India

Date of Birth/Age :

28.11.1980

Date of Appointment :

25.06.2013

DIN No.:

00623075

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	U15315AS1996PTC004743	SHREEARIHANT LOGISTICS PRIVATE LIMITED	Director	19/05/2006	19/05/2006	-	Active	NO
2	U51909AS2010PTC010143	JAIN GROUP VENTURES PRIVATE LIMITED	Director	13/08/2010	13/08/2010	11/06/2013	Active	NO
3	U51909AS2010PTC010150	STAR VENTURES MARKETING PRIVATE LIMITED	Director	12/06/2013	12/06/2013	-	Active	NO
4	U51909AS2013PTC011571	G E TRADECOM PRIVATE LIMITED	Director	25/06/2013	25/06/2013	-	Active	NO
5	U51909WB1996PTC078792	GANGOL COMMODITIES PRIVATE LIMITED	Additional director	10/06/2015	10/06/2015	-	Active	NO

Name :

Mr. Khajan Chand Jindal

Designation :

Director

Address :

Maa Kamakhya Securities, G.S. Tower, 1st Floor, F-3, Chatribari Road. Chatribari, Guwahati - 781001, Assam, India

Date of Birth/Age :

17.07.1963

Date of Appointment :

25.06.2013

DIN No.:

06614923

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Sanjive Narain	10000	50.00
Gaurav Jain	2000	10.00
Khajan Chand Jindal	8000	40.00
Total	20000	100.00

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Dealer and Distributor of Mobile Phones.
Products :	Mobile Phones
Brand Names :	Not Available
Agencies Held :	Apple
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Credit
Purchasing :	Credit

PRODUCTION STATUS = NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	J. M. Electronics, Guwahati, Assam, India
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 :

Wholesalers and Retailers

Reference :	Redington India Limited, Chennai, India
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 :

17 (Approximately)

Bankers :

Banker Name	Karnataka Bank
Branch Address	G. S. Road, Guwahati, Assam, 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 :	Manoj Keshar and Associates Chartered Accountants
Address :	Aziz Complex (1st Floor), S. C. Goswami Road, Panbazar, Near Harisabha, Guwahati – 781001, Assam, India
Tel. No.:	91-361-2638932
Mobile No.:	91-9864065788
E-Mail :	paras_manoj@yahoo.co.in
PAN No.:	ADEPJ1912D
Memberships :	Not Available
Collaborators :	Not Available
Related Parties :	Star Ventures Marketing Private limited

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital:

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs.5.000 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
20000	Equity Shares	Rs.10/- each	Rs.0.200 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014 (6 months)
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.200
(b) Reserves & Surplus	0.357
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.557
(3) Non-Current Liabilities
(a) long-term borrowings	8.236
(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)	8.236
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	24.717
(c) Other current liabilities	0.000
(d) Short-term provisions	1.641
Total Current Liabilities (4)	26.358
TOTAL	35.151
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)	0.033
(d) Long-term Loan and Advances	0.002
(e) Other Non-current assets	0.000
Total Non-Current Assets	0.035
(2) Current assets
(a) Current investments	0.000
(b) Inventories	17.971
(c) Trade receivables	12.567
(d) Cash and cash equivalents	3.017
(e) Short-term loans and advances	0.000
(f) Other current assets	1.561
Total Current Assets	35.116
TOTAL	35.151

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014 (6 months)
	TURNOVER	138.376
	EXPENSES	NA
	PROFIT/ (LOSS) BEFORE TAX	0.516
Less	TAX	0.159
	PROFIT/ (LOSS) AFTER TAX	0.357
	Earnings / (Loss) Per Share (Rs.)	17.85

Particulars	31.03.2015
Sales Turnover (Approximately)	550.000

Expected Sales (2015-16): Rs.700.000 Million

The above information has been parted by Mr. Gaurav Jain (Director).

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014 (6 months)
Current Maturities of Long term debt	NA
Cash generated from operations	NA
Net cash flows from (used in) operations	NA

KEY RATIOS

PARTICULARS		31.03.2014 (6 months)
Net Profit Margin (PAT/Sales)	(%)	0.26
Return on Total Assets (PBT/Total Assets}	(%)	1.47
Return on Investment (ROI) (PBT/Networth)		0.93
Debt Equity Ratio (Total Debt/Networth)		14.79
Current Ratio (Current Asset/Current Liability)		1.33

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	Yes
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	No
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 about six months and one year	Yes
27	Reasons for variation <> 20%	----------------------
28	Estimation for coming financial year	Yes
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

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014
LONG TERM BORROWING
Topwell Properties Private Limited	1.076
Sanjive Narain	5.767
Gaurav Jain	1.115
Khajan Chand Jindal	0.278
Total	8.236

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

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 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.65.12
UK Pound	1	Rs.101.61
Euro	1	Rs.72.55

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	KIN
Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	2
--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	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		29

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.