MIRA INFORM REPORT

Report No. :	337452
Report Date :	20.08.2015

IDENTIFICATION DETAILS

Name :	RAAMYA SALES PRIVATE LIMITED (W.E.F. 14.03.2013)

Formerly Known As :	ROLLICK AGENCIES PRIVATE LIMITED

Registered Office :	301, Silver Meenalshree Apartment, Yeshwant Niwas Road, Indore – 452003, Madhya Pradesh
Tel. No.:	91-9300644423

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	02.04.2008

Com. Reg. No.:	10-020542

Capital Investment / Paid-up Capital :	Rs.0.100 Million

CIN No.: [Company Identification No.]	U51103MP2008PTC020542

IEC No.:	Not Available

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 :	Trader of all types of steels.

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

Status :	Moderate

Payment Behaviour :	Slow

Litigation :	Clear

Comments :	Raamya Sales Private Limited was incorporated on 2^nd April, 2008 and it is having moderate track record. The rating is constrained on company decline in operating income during FY 2014, its weak financial risk profile characterized by low profitability and weak debt protection metrics. The rating also factor on leverage capital structure which may further stretch and have adverse impact on profitability. However, trade relations are reported as fair. Business is active. Payment terms are reported to be slow. In view of weak operational and financial risk profile, 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

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 DENIED BY

Name :	Mr. Sharad Lunawat
Designation :	Director
Contact No.:	91-9300644423
Date :	20.08.2015

LOCATIONS

Registered Office :	301, Silver Meenalshree Apartment, Yeshwant Niwas Road, Indore – 452003, Madhya Pradesh, India
Tel. No.:	Not Available
Mobile No.:	91-9300644423 (Mr. Sharad Lunawat)
Fax No.:	Not Available
E-Mail :	scandocs12@gmail.com

DIRECTORS

As on 29.09.2014

Name :

Mr. Sharad Chand Lunawat

Designation :

Director

Address :

21/7, New Palasia, Indore - 452001, Madhya Pradesh, India

Date of Birth/Age :

02.11.1950

Date of Appointment :

02.04.2008

DIN No.:

00444502

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	U27310MH2007PTC171162	KN Metals Private Limited	Director	25/05/2007	25/05/2007	01/09/2010	Active	NO
2	U27310DL2007PTC164175	Future Stainless Steels Private Limited	Director	30/05/2007	30/05/2007	21/02/2011	Active	NO
3	U51109MP1988PTC004632	LABH GANGA MARKETING PRIVATE LIMITED	Director	15/06/2007	15/06/2007	01/04/2009	Active	NO
4	U70101MP2007PTC020142	MATASHRAY REALTY PRIVATE LIMITED	Director	28/12/2007	28/12/2007	04/10/2010	Active	NO
5	U51103MP2008PTC020542	Raamya Sales Private limited	Director	02/04/2008	02/04/2008	-	Active	NO
6	U51103MP2008PTC020541	Rachit Traders Private Limited	Director	02/04/2008	02/04/2008	-	Active	NO
7	L85195MP1988PLC004446	ALPA LABORATORIES LIMITED	Director	30/09/2014	29/07/2008	-	Active	NO
8	U27109MP2009PTC022583	JEWELS STEELWARE PRIVATE LIMITED	Director	04/11/2009	04/11/2009	22/12/2011	Active	NO
9	U51909MP2008PTC020695	Ranveer Metals Private Limited	Additional director	19/11/2011	19/11/2011	-	Active	NO
10	U51900MP2012PTC028598	Palash Tradelink Private Limited	Director	05/06/2012	05/06/2012	-	Active	NO
11	U51900MP2012PTC028679	Aachaman Metals Private Limited	Director	18/06/2012	18/06/2012	-	Active	NO
12	U27310DL2013PTC261538	Tarini Metals Private Limited	Director	03/12/2013	03/12/2013	-	Active	NO
13	U27100DL2013PTC262393	Arunouday Steels Private Limited	Director	18/12/2013	18/12/2013	-	Active	NO

Name :

Mr. Omprakash Purey

Designation :

Director

Address :

642, Sudama Nagar, Indore - 452012, Madhya Pradesh, India

Date of Birth/Age :

28.01.1975

Date of Appointment :

29.09.2011

DIN No.:

02083283

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	U51103MP2008PTC020541	Rachit Traders Private Limited	Director	02/04/2008	02/04/2008	-	Active	NO
2	U51909MP2008PTC020695	Ranveer Metals Private Limited	Director	12/05/2008	12/05/2008	-	Active	NO
3	U67120MP1990PTC005799	ESHA AGRICULTURAL INVESTMENTS PRIVATE LIMITED	Additional director	11/09/2008	11/09/2008	10/04/2013	Active	NO
4	U51103MP2008PTC020542	Raamya Sales Private limited	Director	29/09/2011	07/10/2010	-	Active	NO
5	U27310MH2007PTC171162	KN Metals Private Limited	Additional director	03/12/2010	03/12/2010	01/11/2011	Active	NO
6	U51900MP2012PTC028598	Palash Tradelink Private Limited	Director	05/06/2012	05/06/2012	-	Active	NO
7	U51900MP2012PTC028679	Aachaman Metals Private Limited	Director	18/06/2012	18/06/2012	-	Active	NO
8	U27310DL2013PTC261538	Tarini Metals Private Limited	Director	03/12/2013	03/12/2013	-	Active	NO
9	U27100DL2013PTC262393	Arunouday Steels Private Limited	Director	18/12/2013	18/12/2013	-	Active	NO

MAJOR SHAREHOLDERS

As on 29.09.2014

Names of Shareholders	No. of Shares	%age holding
Omprakash Purey	5000	50.00
Sharad Chand Lunawat	5000	50.00
Total	10000	100.00

As on 29.09.2014

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 :	Trader of all types of steels.

Products :	Steels

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :	Not Divulged

Terms :
Selling :	Not Divulged

Purchasing :	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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Not Divulged
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 :

Information declined by the management.

Bankers :

Banker Name	Not Divulged
Branch Address	Not Divulged
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
Loan against FDR	36.575	0.000
Total	36.575	0.000

Auditors :
Name :	Husain Shabbir and Company Chartered Accountants
Address :	105, Shreevardhan Complex, 4 RNT Marg, Indore – 452001, Madhya Pradesh, India
Mobile No.:	91-9893356790
PAN No.:	AACFH6645J

Memberships :	Not Available

Collaborators :	Not Available

Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital:

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.10/- each	Rs.0.100 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	31.03.2013	31.03.2012

I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100	0.100
(b) Reserves & Surplus	0.918	0.755	0.459
(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)	1.018	0.855	0.559

(3) Non-Current Liabilities
(a) long-term borrowings	7.700	7.700	14.020
(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)	7.700	7.700	14.020

(4) Current Liabilities
(a) Short term borrowings	36.575	0.000	0.000
(b) Trade payables	52.874	44.092	28.001
(c) Other current liabilities	0.011	0.009	0.000
(d) Short-term provisions	0.080	0.149	0.181
Total Current Liabilities (4)	89.540	44.250	28.182

TOTAL	98.258	52.805	42.761

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000	0.000
(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	0.000	0.000	0.090
(e) Other Non-current assets	0.000	0.000	0.002
Total Non-Current Assets	0.000	0.000	0.092

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	2.763
(c) Trade receivables	13.465	25.364	0.091
(d) Cash and cash equivalents	39.824	2.399	3.340
(e) Short-term loans and advances	44.969	25.042	36.475
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	98.258	52.805	42.669

TOTAL	98.258	52.805	42.761

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income
	Other Income
	TOTAL	538.756	1161.965	694.591

Less	TOTAL EXPENSES	538.506	1161.510	694.306

	PROFIT/ (LOSS) BEFORE TAX	0.250	0.455	0.285

Less	TAX	0.088	0.159	0.088

	PROFIT/ (LOSS) AFTER TAX	0.162	0.296	0.197

	Earnings / (Loss) Per Share (Rs.)	16.20	29.60	19.70

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 flows from (used in) operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	0.25	0.86	0.67

Return on Investment (ROI) (PBT/Networth)		0.25	0.53	0.51

Debt Equity Ratio (Total Debt/Networth)		43.49	9.01	25.08

Current Ratio (Current Asset/Current Liability)		1.10	1.19	1.51

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	0.100	0.100	0.100
Reserves & Surplus	0.459	0.755	0.918
Net worth	0.559	0.855	1.018

long-term borrowings	14.020	7.700	7.700
Short term borrowings	0.000	0.000	36.575
Total borrowings	14.020	7.700	44.275
Debt/Equity ratio	25.081	9.006	43.492

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	694.591	1161.965	538.756
		67.288	(53.634)

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	694.591	1161.965	538.756
Profit	0.197	0.296	0.162
	0.03%	0.03%	0.03%

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	No
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

Note:

Registered address has been shifted from the 401, Princess Square 14/1, New Palasia, Indore – 452003, Madhya Pradesh, India to the present address w.e.f. 01.10.2012.

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
From Corporates	7.700	7.700
Total	7.700	7.700

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 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.65.25
UK Pound	1	Rs.102.25
Euro	1	Rs.72.19

INFORMATION DETAILS

Information Gathered by :	NYA

Analysis Done by :	KYP

Report Prepared by :	PNM

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	NO
--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.

MIRA INFORM REPORT

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