MIRA INFORM REPORT

Report No. :	336964
Report Date :	18.08.2015

IDENTIFICATION DETAILS

Name :	UNISTAR BOOKS PRIVATE LIMITED
Registered Office :	SCO 26-27, Top Floor, Sector 34 A, Chandigarh U T, Chandigarh - 160033
Tel. No.:	91-172-5077427
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	12.06.1996
Com. Reg. No.:	53-018324
Capital Investment / Paid-up Capital :	Rs.5.300 Million
CIN No.: [Company Identification No.]	U22110CH1996PTC018324
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 :	Manufacturing of Publication Books
No. of Employees :	Information declined by the management

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

Maximum Credit Limit :	USD 28000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Unistar Books Private Limited was incorporate on 1996, it is established company having a moderate track record. The rating reflects small scale of operations, net worth of the company, the decline in operating income and profitability in the FY-2014. The rating further constrained moderate coverage indicators and albeit an improvement in capital structure. However, trade relations are fair. Business is active. Payment terms are reported slow but correct. In view of moderate operational and financial base, the company can be considered for business dealing 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

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. Sarita Manish
Designation :	Account Department
Contact No.:	91-172-5077427
Date :	13.08.2015

LOCATIONS

Registered Office :	SCO 26-27, Top Floor, Sector 34 A, Chandigarh U T, Chandigarh - 160033
Tel. No.:	91-172-5077427
Fax No.:	Not Available
E-Mail :	jaspreetsdhawan@gmail.com pbindal@yahoo.com
Administrative Office :	SCO26-27, Top Floor, Sector 34 A, Near passport office, Chandigarh-160022, India

DIRECTORS

As on 30.09.2014

Name :

Mr. Rohit Jain

Designation :

Managing Director

Address :

1504, Sector-40b, Chandigarh, 160040, Chandigarh, India

Date of Birth/Age :

16.08.1976

Date of Appointment :

15.06.2007

DIN No.:

00550537

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	U01119CH1995PLC015702	LEISURE VALLEY GARDENS LTD	Managing director	02/05/1995	02/05/1995	31/03/2015	Active	NO
2	U22110CH1996PTC018324	UNISTAR BOOKS PRIVATE LIMITED	Managing director	15/06/2007	15/06/2007	-	Active	NO

Name :

Mr. Harish Jain

Designation :

Director

Address :

1504, Sector-40b, Chandigarh, 160040, Chandigarh, India

Date of Birth/Age :

24.07.1951

Date of Appointment :

12.06.1996

DIN No.:

00550489

Name :

Ms. Pushpa Jain

Designation :

Director

Address :

1504, Sector-40b, Chandigarh, 160040, Chandigarh, India

Date of Birth/Age :

02.10.1949

Date of Appointment :

12.06.1996

DIN No.:

00550513

KEY EXECUTIVES

Name :	Mr. Sarita Manish
Designation :	Account Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Rohit Jain	328900	62.06
Pushpa Jain	23600	4.45
Harish Chander Jain	90500	17.08
Satish Jain	23500	4.43
Kanta Jain	23500	4.43
Shruti jain	40000	7.55
Total	530000	100.00

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 Publication Books
Products :	Not Divulged
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
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 :
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 :
Remark:	Not Divulged

No. of Employees :

Information declined by the management

Bankers :

Bank Name	The Karur Vysya Bank Limited
Branch	SCO 52 and 53, Kribhco Bhavan Ground Floor, Sector – 34, Chandigarh – 160022, 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)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Arur Vysya Bank Cash Credit	4.262	2.956
Arur Vysya Bank TL-Plot	10.749	12.470
Arur Vysya Bank TL-Machinery	0.000	4.606
Arur Vysya Bank Loan TL – Machinery	0.000	0.787
Total	15.011	20.819

Auditors :
Name :	Parmod Bindal and Associates Chartered Accountants
Address :	S.C.O. 39, 2^nd Floor, Sector 20-C, Chandigarh – 160020, India
Tel. No.:	91-172-2709134
Mobile No.:	91-9417014357
Fax No.:	91-172-4008591
E-Mail :	pbindal@yahoo.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAQPB1314E
Memberships :	Not Available
Collaborators :	Not Available
Enterprises significantly influenced by key management personnel :	Leisure Valley Gardens Limited R S Parkashan Punjab Computer Information Services Unistar Books (Printing Unit)

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
530000	Equity Shares	Rs.10/- each	Rs.5.300 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	5.300	5.300	3.052
(b) Reserves & Surplus	4.567	3.695	2.467
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.063	0.620
Total Shareholders’ Funds (1) + (2)	9.867	9.058	6.139
(3) Non-Current Liabilities
(a) long-term borrowings	51.857	58.977	50.762
(b) Deferred tax liabilities (Net)	1.683	0.789	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)	53.540	59.766	50.762
(4) Current Liabilities
(a) Short term borrowings	1.172	0.000	0.000
(b) Trade payables	31.654	37.696	31.400
(c) Other current liabilities	8.882	6.492	1.739
(d) Short-term provisions	0.065	0.198	0.427
Total Current Liabilities (4)	41.773	44.386	33.566
TOTAL	105.180	113.210	90.467
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	42.904	41.818	24.882
(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	0.077
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	42.904	41.818	24.959
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	4.850	5.911	7.451
(c) Trade receivables	39.231	36.191	19.936
(d) Cash and cash equivalents	3.892	2.417	5.756
(e) Short-term loans and advances	14.303	26.873	32.365
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	62.276	71.392	65.508
TOTAL	105.180	113.210	90.467

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Revenue from Operations	106.202	109.985	102.975
	Other Income	0.637	0.110	0.099
	TOTAL	106.839	110.095	103.074
Less	TOTAL EXPENSES	105.008	107.804	101.614
	PROFIT/ (LOSS) BEFORE TAX	1.831	2.291	1.460
Less	TAX	0.959	1.064	0.450
	PROFIT/ (LOSS) AFTER TAX	0.872	1.227	1.010
	Earnings / (Loss) Per Share (Rs.)	1.64	2.31	1.90

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flow from operating activity	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.82	1.12	0.98
Return on Total Assets (PBT/Total Assets}	(%)	1.74	2.02	1.62
Return on Investment (ROI) (PBT/Networth)		0.19	0.25	0.24
Debt Equity Ratio (Total Debt /Networth)		5.37	6.51	8.27
Current Ratio (Current Asset/Current Liability)		1.49	1.61	1.95

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	3.052	5.300	5.300
Reserves & Surplus	2.467	3.695	4.567
Share Application money pending allotment	0.620	0.063	0.000
Net worth	6.139	9.058	9.867
long-term borrowings	50.762	58.977	51.857
Short term borrowings	0.000	0.000	1.172
Total borrowings	50.762	58.977	53.029
Debt/Equity ratio	8.269	6.511	5.374

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)
Sales	102.975	109.985	106.202
		6.807	(3.440)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	102.975	109.985	106.202
Profit	1.010	1.227	0.872
	0.98%	1.12%	0.82%

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 three 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	No
35	Negative Reporting by Auditors in the Annual Report	No

BASIS OF PREPARATION

The financial statement have been prepared under the historical cost convention in accordance with the mandatory Accounting Standards prescribed in the Companies (Accounting Standards) Rules, 2006 issued by the Central Government of India in consultation with the National Advisory Committee on Accounting Standards and as amended from time to time. The accounting policies have been consistently applied by the Company and are consistent with those used in the previous year.

Accounting policies not specifically referred to otherwise are consistent with the generally accepted accounting principles followed by the Company.

UNSECURED LOAN

Unsecured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Eligare Finvest Limited	24.907	25.693
Eligare Finvest Limited	9.119	9.499
Eligare Finvest Limited	2.820	2.966
Short-term borrowings
Rahil Jain	0.639	0.000
Pushpa Jain	0.533	0.000
Total	38.018	38.159

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10571824	10/04/2015	42,100,000.00	STATE BANK OF INDIA	RASMECCC, ZONAL OFFICE, HARYANA, PLOT NO. 1-2, BL  OCK B, CITY CENTRE, SECTOR 5, PANCHKULA, Haryana -  134109, INDIA	C54878269
2	10365639	06/07/2012	4,900,000.00	KARUR VYSYA BANK LIMITED	SCO 52 - 53, SECTOR 34A, CHANDIGARH, Chandigarh -  160022, INDIA	B43692474
3	10337091	02/01/2012	10,000,000.00	THE KARUR VYSYA BANK LIMITED	SCO 52 & 53, KRIBHCO BHAVAN, GROUND FLOOR,, SECTO  R 34A, CHANDIGARH, Chandigarh - 160034, INDIA	B32762155
4	10307139	17/09/2011	3,000,000.00	THE KARUR VYSYA BANK LIMITED	SCO 52 & 53, KRIBHCO BHAVAN,GROUND FLOOR,, SECTOR  34, CHANDIGARH, Chandigarh - 160034, INDIA	B20824710
5	10306887	17/09/2011	15,000,000.00	THE KARUR VYSYA BANK LIMITED	SCO 52 & 53, KRIBHCO BHAVAN,GROUND FLOOR,, SECTOR  34, CHANDIGARH, Chandigarh - 160034, INDIA	B20825782
6	10064057	08/08/2014 *	15,000,000.00	THE KARUR VYSYA BANK LIMITED	SCO 52 & 53, KRIBHCO BHAVAN,GROUND FLOOR,, SECTOR  34, CHANDIGARH, Chandigarh - 160022, INDIA	C40931834

FIXED ASSETS

• Computer
• Furniture and Fixture
• Hand Set
• Land
• Cycle
• Building
• Investor
• Car
• Plant and Machinery
• Air Conditioner
• Computer
• Security Systems
• Sewing Machine
• Fire Extinguisher
• Wall Fan
• Electrical Fitting
• Refrigerator
• Water Cooler
• Attendance Machine

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.65.22
UK Pound	1	Rs.102.23
Euro	1	Rs.72.39

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	KAS
Report Prepared by :	SUJ

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
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	2
--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		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.