MIRA INFORM REPORT

Report No. :	337638
Report Date :	26.08.2015

IDENTIFICATION DETAILS

Name :	A AND A INTERNATIONAL TRADING PRIVATE LIMITED
Registered Office :	6-5/140, Block 5, Kaviarasu Kannadasan Nagar, Kodungaiyur, Chennai – 600118, Tamilnadu
Tel. No.:	91-44-43529797
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	15.09.2009
Com. Reg. No.:	18-072930
Capital Investment / Paid-up Capital :	Rs. 10.000 Million
CIN No.: [Company Identification No.]	U52590TN2009PTC072930
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 Coal.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ca (16)

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 is an established company incorporated during the 2009 having a moderate track record. Management of the company has not filed its financials after the year 2012 with government department and also denied to part any information about the company. As per ROC the date of balance sheet is shown as 31-03-2012 however documents related to the financial for the year 2012 are not available from any source. As per Registrar of Companies the status of the company is shown as active. Payments terms are unknown. In view of absence of latest financial, the company can be considered for business dealings on a secured 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

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

MANAGEMENT NON CO-OPERATIVE

(TEL. NO.: 91-44-43529797)

LOCATIONS

Registered Office :	6-5/140, Block 5, Kaviarasu Kannadasan Nagar, Kodungaiyur, Chennai – 600118, Tamilnadu, India
Tel. No.:	91-44-43529797/25589602 / 255
Fax No.:	91-44-25589602
E-Mail :	saikumar@aaitpl.com aaintltrd@airtelmail.com
Website :	www.aaitpl.com
Correspondence Office :	No.160, K.V. Apartments, B7, Block, 3^rd Floor, Melpati Ponnapan Street, Permbur, Chennai – 600039, Tamilnadu, India
Tel. No.:	91-44-43529797 / 25594355
Fax No.:	91-44-25589602

DIRECTORS

AS ON 29.09.2012

Name :

Mr. Masilamani Jaya Kumar

Designation :

Director

Address :

No 53, Kamarajar Nagar, Chennai - 600039, Tamil Nadu, India

Date of Birth/Age :

26.12.1973

Date of Appointment :

15.09.2009

DIN No.:

02716478

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	Company/ LLP Status	Defaulting status
1	U52590TN2009PTC072930	A & A INTERNATIONAL TRADING PRIVATE LIMITED	Director	15/09/2009	15/09/2009	Active	NO
2	U74990TN2011PTC079434	A & A APPLIANCES PRIVATE LIMITED	Director	02/03/2011	02/03/2011	Active	NO

Name :

Mr. Sai Kumar Masilamani

Designation :

Director

Address :

6-5/140 Block 5 Kaviarasu, Kannadasan Nagar Kodungaiyur, Chennai - 600118, Tamil Nadu, India

Date of Birth/Age :

24.02.1963

Date of Appointment :

15.09.2009

DIN No.:

02741423

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	Company/ LLP Status	Defaulting status
1	U52590TN2009PTC072930	A & A INTERNATIONAL TRADING PRIVATE LIMITED	Director	15/09/2009	15/09/2009	Active	NO
2	U74990TN2011PTC079434	A & A APPLIANCES PRIVATE LIMITED	Director	02/03/2011	02/03/2011	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

Names of Shareholders	No. of Shares	Percentage of Holding
Jaya Kumar Masilamani	500000	50.00
Sai Kumar Masilamani	500000	50.00
Total	1000000	100.00

AS ON 29.09.2012

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

BUSINESS DETAILS

Line of Business :	Trader of Coal.
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· Bank of India Kodungaiyur Branch, Chennai - 600118, Tamil Nadu, India

· ICICI Bank Limited

Banking Relations :	--
Auditors :
Name :	Ramaswamy and Murali Associates Chartered Accountants
Address :	No: 3, Errabalu Chetty Street, Parrys, Chennai – 600001, Tamilnadu, India
Income-tax PAN of auditor or auditor's firm :	AAEFR8375B
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
3,000,000	Equity Shares	Rs. 10/- each	Rs. 30.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs. 10/- each	Rs. 10.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Capital Account		10.000	10.000
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		5.108	1.155
4] (Accumulated Losses)		0.000	0.000
NETWORTH		15.108	11.155
LOAN FUNDS
1] Secured Loans		0.000	0.000
2] Unsecured Loans		19.189	1.186
TOTAL BORROWING		19.189	1.186
DEFERRED TAX LIABILITIES
Others (Branch / Division)		0.000	11.950
TOTAL		34.297	24.291
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.671	1.979
Capital work-in-progress		0.000	0.000
INVESTMENT		15.205	40.096
DEFERRED TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000
	Sundry Debtors	308.398	232.864
	Cash & Bank Balances	0.193	0.067
	Other Current Assets	121.959	102.615
	Loans & Advances	0.141	1.380
Total Current Assets		430.691	336.926
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	411.823	348.085
	Other Current Liabilities	2.447	6.625
	Provisions	0.000	0.000
Total Current Liabilities		414.270	354.710
Net Current Assets		16.421	(17.784)
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		34.297	24.291

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010
	SALES
		Income	855.296	328.928
		Other Income	0.844	1.357
		TOTAL	856.140	330.285
Less	EXPENSES		NA	NA
	PROFIT BEFORE TAX		NA	NA
Less	TAX		NA	NA
	PROFIT AFTER TAX		NA	NA
	Earnings Per Share (Rs.)		NA	NA

KEY RATIOS

PARTICULARS	31.03.2011	31.03.2010
Debt Equity Ratio (Total Liability/Networth)	1.27	0.11
Current Ratio (Current Asset/Current Liability)	1.04	0.95

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2010	31.03.2011
	(Rs. In Million)	(Rs. In Million)
Share Capital	10.000	10.000
Reserves & Surplus	1.155	5.108
Money received against share warrants	0.000	0.000
Share Application money pending allotment	0.000	0.000
Net worth	11.155	15.108
Secured Loans	0.000	0.000
Unsecured Loans	1.186	19.189
Total borrowings	1.186	19.189
Debt/Equity ratio	0.106	1.270

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	No
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
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 two years	No
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	No
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

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10570908	02/03/2015	13,995,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA	C54369038
2	10258389	08/12/2010	798,000.00	BANK OF INDIA	KODUNGAIYUR BRANCH, CHENNAI - 600118, TAMILNADU,  INDIA	B02702652
3	10190340	16/12/2013 *	100,000,000.00	IDBI BANK LIMITED	37, MSE P.M. TOWERS, GREAMS ROAD, CHENNAI - 600006, TAMILNADU, INDIA	B92284868

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2011 (Rs. In Million)	31.03.2010 (Rs. In Million)
LONG-TERM BORROWINGS
Loan	19.189	1.186
Total	19.189	1.186

FIXED ASSETS

· Computer

· Computer Software

· Furniture and Fixtures

· Laptop

· Mahindra Vehicle

· Vehicles

· Water Dispenser

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.66.71
UK Pound	1	Rs.105.10
Euro	1	Rs.77.11

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	DIV
Report Prepared by :	ARC

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	2
--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		16

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.