MIRA INFORM REPORT

Report No. :	337765
Report Date :	25.08.2015

IDENTIFICATION DETAILS

Name :	STRATEGEM ENGINEERS (INDIA) PRIVATE LIMITED
Registered Office :	5, Gulmohar Complex, Near Post Office, Vadgaon Sheri, Pune – 411 014, Maharashtra
Tel. No.:	91-20-65217707
Country :	India
Financials (as on) :	31.03.2009
Date of Incorporation :	23.06.2004
Com. Reg. No.:	11-019427
Capital Investment / Paid-up Capital :	Rs.0.100 million
CIN No.: [Company Identification No.]	U29299PN2004PTC019427
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAJCS9056N
Legal Form :	Private Limited Liability Company
Line of Business :	Supplier of Chrome Manganese.
No. of Employees :	Information declined by the Management.

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject was incorporated on 2004 having moderate track record. As management has failed to file its financials record Government Department for the years ended 2014, 2013, 2012, 2011 and 2010. As per available financials of 2009, the company has reported small scale of operations and small profitability margin. The company also shows moderate financial risk profile backed by small networth base, with below average balance sheet profile. As per registrar in the status company is active. Payments are unknown. In view of unavailability of financials details, the company can be considered for business dealing with safe and secure 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 DECLINED BY

Name :	Mr. Satish
Designation :	Assistant Manager
Contact No.:	91-7387929129 91-20-27034860
Date :	24.08.2015

LOCATIONS

Registered Office :	5, Gulmohar Complex, Near Post Office, Vadgaon Sheri, Pune – 411 014, Maharashtra, India
Tel. No.:	91-20-27034860/ 65217707
Mobile No.:	91-7387929129 (Mr. Satish)
Fax No.:	Not Available
E-Mail :	dbdahotre@vsnl.net

DIRECTORS

AS ON 28.09.2009

Name :

Mr. Sunil Daniel Amolik

Designation :

Director

Address :

5, Gulmohar Complex, Vadgaon Sheri, Pune – 411 014, Maharashtra, India

Date of Appointment :

23.06.2004

DIN No.:

02920858

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	U29299PN2004PTC019427	STRATEGEM ENGINEERS (INDIA) PRIVATE LIMITED	Director	23/06/2004	23/06/2004	-	Active	YES
2	U29221PN2014PTC151074	STRATEGEM INTERNATIONAL PRIVATE LIMITED	Director	20/03/2014	20/03/2014	-	Active	NO

Name :

Mrs. Lidiya Sunil Daniel

Designation :

Director

Address :

Row House No.3, Prasad Nagar, Vadagaon Sheri, Pune – 411 014, Maharashtra, India

Date of Appointment :

23.06.2004

DIN No.:

02920895

KEY EXECUTIVES

Name :	Mr. Satish
Designation :	Assistant Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2009

Names of Shareholders	No. of Shares	Percentage of Holding
Sunil Daniel Amolik	7000	70.00
Lidiya Sunil Daniel	3000	30.00
Total	10000	100.00

AS ON 28.09.2009

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :	Supplier of Chrome Manganese.
Products :	Chrome Manganese
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 (As on 31.03.2009) :

Reference :

D.D.S. Associates

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour	Market Goodwill	Overall
Not Divulged	Not Divulged	Not Divulged

Remark:

Not Divulged

· Kalyadi Engineers Private Limited

· Super Traders

Customers (As on 31.03.2009) :

Reference :

Aum Imexo (India) Private Limited

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality	Delivery Behaviour	Overall
Not Divulged	Not Divulged	Not Divulged

Remark:

Not Divulged

No. of Employees :

Information declined by the Management.

Bankers :

Banker Name	Axis Bank Limited
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

State Bank of India

Auditors :
Name :	Diwakar B. Dahotre and Company Chartered Accountants
Address :	3, Gaurav Apartments, Opposite Sangam Press, Behind Walchand House Kothrud, Pune – 411 038, Maharashtra, India
Tel. No.:	91-20-65217707
Mobile No.:	91-9823053026
E-Mail :	dbdahotre@vsnl.net
Website :	www.dahotreanddahotre.com
Income-tax PAN of auditor or auditor's firm :	ABFPD0098K
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

AS ON 28.09.2009

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 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		31.03.2009	31.03.2008	31.03.2007
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(0.001)	(0.061)	(0.046)
NETWORTH		0.099	0.039	0.054
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.024	0.000	0.000
TOTAL		0.123	0.039	0.054
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.344	0.000	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.972	0.000	0.000
	Sundry Debtors	0.083	0.000	0.000
	Cash & Bank Balances	0.375	0.020	0.027
	Other Current Assets	0.006	0.000	0.000
	Loans & Advances	0.100	0.000	0.000
Total Current Assets		1.536	0.020	0.027
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.386	0.000	0.000
	Other Current Liabilities	1.359	0.000	0.000
	Provisions	0.057	0.027	0.020
Total Current Liabilities		1.802	0.027	0.020
Net Current Assets		(0.266)	(0.007)	0.007
MISCELLANEOUS EXPENSES		0.045	0.046	0.047
TOTAL		0.123	0.039	0.054

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2009	31.03.2008	31.03.2007
	SALES
		Income	0.736	0.000	0.000
		Other Income	0.000	0.000	0.000
		TOTAL	0.736	0.000	0.000
Less	EXPENSES
		Increase/ Decrease in Stock	(0.971)	0.000	0.000
		Purchases	0.432	0.000	0.000
		Expenses	1.176	0.015	0.014
		TOTAL	0.637	0.015	0.014
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		0.099	(0.015)	(0.014)
Less/ Add	DEPRECIATION/ AMORTISATION		0.000	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX		0.099	(0.015)	(0.014)
Less	TAX		0.039	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX		0.060	(0.015)	(0.014)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(0.061)	(0.046)	(0.032)
	BALANCE CARRIED TO THE B/S		(0.001)	(0.061)	(0.046)
	Earnings/ (Loss) Per Share (Rs.)		5.98	(1.50)	NA

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2009	31.03.2008	31.03.2007
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		31.03.2009	31.03.2008	31.03.2007
Net Profit Margin (PAT/Sales)	(%)	8.15	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	5.27	(75.00)	(51.85)
Return on Investment (ROI) (PBT/Networth)		1.00	(0.38)	(0.26)
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		0.85	0.74	1.35

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particulars	31.03.2007	31.03.2008	31.03.2009
	Rs. In Million	Rs. In Million	Rs. In Million
Share Capital	0.100	0.100	0.100
Reserves & Surplus	0.000	0.000	0.000
(Accumulated Losses)	(0.046)	(0.061)	(0.001)
Net worth	0.054	0.039	0.099
Secured Loans	0.000	0.000	0.000
Unsecured Loans	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2007	31.03.2008	31.03.2009
	Rs. In Million	Rs. In Million	Rs. In Million
Income	0.000	0.000	0.736

NET PROFIT MARGIN

Net Profit Margin	31.03.2007	31.03.2008	31.03.2009
	Rs. In Million	Rs. In Million	Rs. In Million
Income	0.000	0.000	0.736
Profit	(0.014)	(0.015)	0.060
			8.15%

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	No
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	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	No
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

INDEX OF CHARGES:

No Charges Exist for Company.

FIXED ASSETS:

· Computers

· Furniture and Fixtures

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.66.51
UK Pound	1	Rs.104.01
Euro	1	Rs.76.27

INFORMATION DETAILS

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

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	1
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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		11

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.