MIRA INFORM REPORT

Report No. :	337639
Report Date :	22.08.2015

IDENTIFICATION DETAILS

Name :	GLOBAL COAL VENTURES PRIVATE LIMITED
Registered Office :	No. 3, Nathan Street, II Floor, Harrington Road, Chetpet, Chennai – 600031, Tamilnadu
Tel. No.:	91-44-43454242
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	24.05.2013
Com. Reg. No.:	18-091305
Capital Investment / Paid-up Capital :	RS.1.600 Million
CIN No.: [Company Identification No.]	U10100TN2013PTC091305
IEC No.:	0413013138
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAFCG1964P
Legal Form :	Private Limited Liability Company
Line of Business :	To carry on the business of traders, buyers, sellers, suppliers, importers, exporters, merchants, distributors, whole sellers, retailers, broker, commission agents, contractors for supplying coal, lignite, bituminous and semi bituminous coal lands, mineral land, mining rights, develop base, invest in coal mines, and to act as sole agents or sub agents of coal companies and other mining companies.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 19000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Global Coal Ventures Private Limited incorporated on 24^th May, 2013 and it is having a moderate track record. From its first year of operations from 25^th May 2013 to March 2014 company achieved total revenue of Rs.274.800 Million crores and reported profit of Rs.3.615 Million. The profitability margin stood at 1.32% backed by zero debt balance sheet. However, the rating is constrained on company low networth base and limited track record of its business operations. Trade relations are improving. Business is active. Payment are reported to be slow but correct. The company can be considered for the 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 DENIED BY

Name :	Ms. Padma
Designation :	Marketing Manager
Contact No.:	91-44-43454242
Date :	21.08.2015

LOCATIONS

Registered Office :	No. 3, Nathan Street, II Floor, Harrington Road, Chetpet, Chennai – 600031, Tamilnadu, India
Tel. No.:	91-44-43454242
Fax No.:	Not Available
E-Mail :	madhumita@gcv.co.in

DIRECTORS

As on 20.11.2014

Name :

Mr. Mohamed Abubucker Ahamed Sulaiman

Designation :

Whole-Time Director

Address :

9a, Ceebros, River Heights, D No.315, Valluvarkottam Salai, Nungambakkam, Chennai - 600034, Tamilnadu, India

Date of Appointment :

01.04.2015

DIN No.:

00415972

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	U51909TN2005PTC057166	STAR COAL (INDIA) PRIVATE LIMITED	Director	14/03/2006	14/03/2006	01/03/2014	Active	NO
2	U10101TN1997PTC039619	MINCORE RESOURCES PRIVATE LIMITED	Director	01/06/2007	01/06/2007	25/03/2008	Active	NO
3	U10100TN2013PTC091305	GLOBAL COAL VENTURES PRIVATE LIMITED	Whole-time director	01/04/2015	01/08/2014	-	Active	NO
4	U74900TN2013PTC093679	INDIAN FINE FOODS PRIVATE LIMITED	Additional director	18/12/2014	18/12/2014	-	Active	NO

Name :

Seenimohamed Seyedibunumoulana

Designation :

Director

Address :

New No.47, Old No.22, II Floor, Srinivasa Perumal, Sannathi 2^nd Street, Royapettah, Chennai - 600014, Tamilnadu, India

Date of Birth/Age :

22.04.1947

Date of Appointment :

20.11.2014

DIN No.:

00426463

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	U24120MH1998PLC114063	PRIME FERTILIZERS LIMITED	Director	19/03/1998	19/03/1998	28/06/2007	Active	NO
2	U51103TN1995PLC030460	ETA INDIA LIMITED	Director	01/11/2001	01/11/2001	-	Active	NO
3	U01300WB1991PLC053870	GRAND COMMERCIALS LIMITED.	Director	01/08/2006	01/08/2006	-	Strike off	NO
4	U45202TN1996PTC051593	ETA PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	07/11/2006	07/11/2006	15/04/2014	Active	NO
5	U36999TN1998PTC041199	PAC INDUSTRIES PRIVATE LIMITED	Director	01/04/2007	01/04/2007	22/11/2011	Active	NO
6	U10101TN1997PTC039619	MINCORE RESOURCES PRIVATE LIMITED	Director	14/05/2007	14/05/2007	-	Active	NO
7	U45200TN2008PTC067385	SK HEAVENLY HOMES PRIVATE LIMITED	Director	17/07/2008	17/07/2008	-	Active	NO
8	U45200TN2008PTC067383	MH SMARTCITY PROMOTERS PRIVATE LIMITED	Director	17/07/2008	17/07/2008	-	Active	NO
9	U63012TN2005PTC058074	WAFA LOGISTICS PRIVATE LIMITED	Director	04/11/2008	04/11/2008	-	Strike off	NO
10	U51420TN2009PTC070571	WAFA TRADING PRIVATE LIMITED	Whole-time director	28/01/2009	28/01/2009	-	Strike off	NO
11	U72900TN2007GAT063869	ETA STAR INFOTECH INDIA PRIVATE LIMITED	Director	03/11/2011	03/11/2011	-	Active	NO
12	U72200TN2008PTC066712	FOCUSINN MANAGEMENT CONSULTANTS PRIVATE LIMITED	Director	14/08/2012	14/08/2012	-	Active	NO
13	U51909TN2005PTC057166	STAR COAL (INDIA) PRIVATE LIMITED	Director	29/09/2014	01/07/2014	-	Active	NO
14	U10100TN2013PTC091305	GLOBAL COAL VENTURES PRIVATE LIMITED	Director	20/11/2014	01/08/2014	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Padma
Designation :	Marketing Manager

MAJOR SHAREHOLDERS

As on 20.11.2014

Names of Shareholders	No. of Shares	%age holding
Abdul Latheef Ahamed Anwar	5000	0.35
Ahmed Asif	5000	0.35
Ahamed Sulaiman	400000	28.20
Gobal Commodity Ventures	1008599	71.10
Total	1418599	100.00

As on 20.11.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	71.10
Directors or relatives of Directors	28.90
Total	100.00

BUSINESS DETAILS

Line of Business :	To carry on the business of traders, buyers, sellers, suppliers, importers, exporters, merchants, distributors, whole sellers, retailers, broker, commission agents, contractors for supplying coal, lignite, bituminous and semi bituminous coal lands, mineral land, mining rights, develop base, invest in coal mines, and to act as sole agents or sub agents of coal companies and other mining companies.
Products :	Not Available
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

Auditors :
Name :	M. Deen Mohammed Chartered Accountant
Address :	7, (Old No. 3) Sadiq Basha Nagar, Third Street, Alwar Thiru Nagar Post, Chennai – 600087, Tamilnadu, India
PAN No.:	AESPD4338N
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

After 20.11.2014

Authorised Capital:

No. of Shares	Type	Value	Amount
2500000	Equity Shares	Rs.10/- each	Rs.25.000 Million

Issued Capital:

No. of Shares	Type	Value	Amount
2024827	Equity Shares	Rs.10/- each	Rs.20.248 Million

Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
1418599	Equity Shares	Rs.10/- each	Rs.14.185 Million

As on 31.03.2014

Authorised Capital:

No. of Shares	Type	Value	Amount
350000	Equity Shares	Rs.10/- each	Rs.3.500 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
160000	Equity Shares	Rs.10/- each	Rs.1.600 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	1.600
(b) Reserves & Surplus	3.615
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	1.500
Total Shareholders’ Funds (1) + (2)	6.715
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.004
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.004
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	136.990
(c) Other current liabilities	7.387
(d) Short-term provisions	3.193
Total Current Liabilities (4)	147.570
TOTAL	154.289
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.043
(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	0.019
Total Non-Current Assets	0.062
(2) Current assets
(a) Current investments	0.000
(b) Inventories	61.466
(c) Trade receivables	86.493
(d) Cash and cash equivalents	5.380
(e) Short-term loans and advances	0.000
(f) Other current assets	0.888
Total Current Assets	154.227
TOTAL	154.289

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014
	SALES
	Income	274.842
	Other Income	0.000
	TOTAL	274.842
Less	EXPENSES	269.567
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	5.275
Less/ Add	DEPRECIATION/ AMORTISATION	0.007
	PROFIT/ (LOSS) BEFORE TAX	5.268
Less	TAX	1.653
	PROFIT/ (LOSS) AFTER TAX	3.615
	IMPORTS
	Capital Goods	128.356
	TOTAL IMPORTS	128.356
	Earnings / (Loss) Per Share (Rs.)	22.59

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 flows from (used in) operations	NA

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT/Sales)	(%)	1.32
Return on Total Assets (PBT/Total Assets}	(%)	3.41
Return on Investment (ROI) (PBT/Networth)		0.78
Debt Equity Ratio (Total Debt/Networth)		0.00
Current Ratio (Current Asset/Current Liability)		1.05

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	No
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 about 11 month	Yes
27	Reasons for variation <> 20%	----------------------
28	Estimation for coming financial year	No
29	Profitability for firm about 11 month	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

OPERATION

The company has recorded a profit of Rs.3.615 Million during its first year of incorporation. The company has performed well during the first year and shall record higher profits in the years to come.

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Computer

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.65.82
UK Pound	1	Rs.103.38
Euro	1	Rs.74.26

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	3
--MARGINS	-5~5	---
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		27

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	--

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.