MIRA INFORM REPORT

Report No. :	338526
Report Date :	27.08.2015

IDENTIFICATION DETAILS

Name :	TECHNO GREEN PVC PRIVATE LIMITED
Registered Office :	Arnnapurna Comples, Plot No-559, Lewis Road, Bhubaneswar – 751002, Orissa
Mobile No.:	91-9437462482 (Mr. Vikas)
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	05.08.2010
Com. Reg. No.:	15-012310
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U25200OR2010PTC012310
IEC No.:	2311002805
TAN No.: [Tax Deduction & Collection Account No.]	BBNT00813B
PAN No.: [Permanent Account No.]	AADCT5461A
Legal Form :	Private Limited Liability Company
Line of Business :	The company was set up as a fabrication unit for making uPVC doors, window systems and at the same time providing a comprehensive solutions to the very basic level construction industry in terms of doors and window solution.
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 :	Slow
Litigation :	Clear
Comments :	Subject is an established company having a moderate track. The company has incurred an accumulated loss which has eroded the networth of the company. However, business is active. Payment terms are slow. The company can be considered for business dealings on safe and 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 DENIED BY

Name :	Mr. Vikas Pradhan
Designation :	Accountant
Contact No.:	91-9437462482
Date :	26.08.2015

LOCATIONS

Registered Office :	Arnnapurna Comples, Plot No-559, Lewis Road, Bhubaneswar – 751002, Orissa, India
Tel. No.:	91-674-2582802 / 2582803
Mobile No.:	91-9437462482 (Mr. Vikas)
Fax No.:	Not Available
E-Mail :	consultingcs.bbsr@gmail.com info@technopvc.com
Website :	www.technopvc.com
Unit :	71/A, Mancheswar Industrial Estate, Bhubaneswar – 751010, Orrisa, India
Area :	10000 sq. ft.
Location :	Leased

DIRECTORS

AS ON 30.09.2014

Name :	Mr. Dharam Singh Neogi
Designation :	Managing Director
Address :	H.No.EC 2, G-301, S L Tower, Diamond Court, Gurgaon - 122002, Haryana, India
Date of Birth/Age :	02.11.1938
Date of Appointment :	05.08.2010
DIN No.:	03121493
Name :	Mr. Prakash Neogi
Designation :	Director
Address :	H.No.EC 2, G-301, S L Tower, Diamond Court, Gurgaon - 122002, Haryana, India
Date of Birth/Age :	15.01.1946
Date of Appointment :	05.08.2010
DIN No.:	03115015
Name :	Mr. Kulwant Neogi
Designation :	Director
Address :	Kathmandu-01, Kathmandu, 1, Nepal
Date of Birth/Age :	07.02.1966
Date of Appointment :	27.01.2012
DIN No.:	05123110

KEY EXECUTIVES

Name :	Mr. Vikas Pradhan
Designation :	Accountant

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares	% of Holding
Dharam Singh Neogi	5000	50.00
Prakash Neogi	5000	50.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00

BUSINESS DETAILS

Line of Business :	The company was set up as a fabrication unit for making uPVC doors, window systems and at the same time providing a comprehensive solutions to the very basic level construction industry in terms of doors and window solution.
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Company Name :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark :	Not Divulged

Customers :

Company Name :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark :	Not Divulged

No. of Employees :

Information declined by the management

Bankers :

Banker Name :	IDBI Bank Limited
Branch :	Ground Floor, Unit-9, Janpath, Bhubaneswar, Orissa – 751002, 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 :	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan) :	Not Divulged
Account Operation :	Not Divulged
Remark :	Not Divulged

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
Long Term Borrowings
Term loan from HDFC Banks (Secured by hypothecation of car)	1.378	1.785
Total	1.378	1.785

Auditors :
Name :	GNS and Associates Chartered Accountants
Address :	M-27, Madhusudan Nagar, Unit-IV, Bhubaneswar – 751001, Orissa, India
Tel. No.:	91-674-2395256
Fax No.:	91-674-2395257
E-Mail :	gnsbbsr@gmail.com
PAN No.:	AAGFG4906P
Memberships :	Not Divulged
Collaborators :	Not Divulged
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital:

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs.1.000 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	(7.202)	(2.6190	(3.387)
(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)	(7.102)	(2.519)	(3.287)
(3) Non-Current Liabilities
(a) long-term borrowings	14.681	15.125	13.958
(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)	14.681	15.125	13.958
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	6.710	3.869	3.213
(c) Other current liabilities	5.709	4.629	6.396
(d) Short-term provisions	2.777	1.545	0.934
Total Current Liabilities (4)	15.196	10.043	10.543
TOTAL	22.775	22.649	21.214
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	5.495	6.450	5.563
(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	0.784	0.701	0.559
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	6.279	7.151	6.122
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	7.166	5.208	7.042
(c) Trade receivables	4.919	5.562	3.163
(d) Cash and cash equivalents	1.925	2.280	2.523
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	2.486	2.448	2.364
Total Current Assets	16.496	15.498	15.092
TOTAL	22.775	22.649	21.214

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	36.268	48.812	22.247
		Other Income	2.752	1.760	0.771
		TOTAL	39.020	50.572	23.018
Less	EXPENSES		43.603	49.805	26.585
	PROFIT/(LOSS) BEFORE TAX		(4.583)	0.767	(3.567)
Less	TAX		0.000	0.000	0.000
	PROFIT/(LOSS) AFTER TAX		(4.583)	0.767	(3.567)
	Earnings / (Loss) Per Share (Rs.)		(458.30)	--	--

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 (used in) operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	(12.64)	1.57	(16.03)
Return on Total Assets (PBT/Total Assets)	(%)	(20.12)	3.39	(16.81)
Return on Investment (ROI) (PBT/Networth)		0.65	(0.30)	1.09
Debt Equity Ratio (Total Debt /Networth)		(2.07)	(6.00)	(4.25)
Current Ratio (Current Asset/Current Liability)		1.09	1.54	1.43

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	(3.387)	(2.619)	(7.202)
Net worth	(3.287)	(2.519)	(7.102)
long-term borrowings	13.958	15.125	14.681
Short term borrowings	0.000	0.000	0.000
Total borrowings	13.958	15.125	14.681
Debt/Equity ratio	(4.246)	(6.004)	(2.067)

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	22.247	48.812	36.268
		119.409	(25.699)

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	22.247	48.812	36.268
Profit	(3.567)	0.767	(4.583)
	(16.03%)	1.57%	(12.64%)

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

UNSECURED LOANS:

Particulars	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
Long Term Borrowings
From other parties
Directors	13.303	13.340
Total	13.303	13.340

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10511127	20/06/2014	4,000,000.00	IDBI Bank Limited	Ground Floor, Unit-9, Janpath, Bhubaneswar, Orissa - 751002, India	C13649876

FIXED ASSETS:

· Computer

· Printer

· Software

· Air condition

· Plant and Machinery

· Furniture and Fixture

· Electrical Installation

· Tools and Equipment

· Transformer

· Television and CCTV Camera

· Vehicles

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 records 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.66.16
UK Pound	1	Rs.103.88
Euro	1	Rs.75.89

INFORMATION DETAILS

Information Gathered by :	SPR
Analysis Done by :	RAS
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
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	2
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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		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.