MIRA INFORM REPORT

Report No. :	352419
Report Date :	01.12.2015

IDENTIFICATION DETAILS

Name :	TRANSMATIC METALIC TRADING PRIVATE LIMITED
Registered Office :	Office No. 116, First Floor, Plot No.20B, Veer Savarkar Block, Shakarpur, Delhi - 100092
Mobile No.:	91-8800924618 (Mr. Mohit Sharma)
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	28.02.2013
Com. Reg. No.:	55-248845
Capital Investment / Paid-up Capital :	Rs.5.000 Million
CIN No.: [Company Identification No.]	U51502DL2013PTC248845
IEC No.:	Not Applicable (As claimed by company management that company does not export and import)
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAECT5397G
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Steel, Fabric, Mild Steel items/Mechanically Treated Steel Items, Carbon Black- Coal Powder, Cotton etc. (Confirmed by management)
No. of Employees :	17 (Approximately) (In Office 7 + In Branch 10)

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 44000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company incorporated in the year 2013 having satisfactory track. The company has shown healthy growth in its turnover and profit during FY 2015. General financial position of the company is sound and healthy. Balance sheet of the company is totally debt free. Moreover, the rating strength is partially offset by small track record of business operation. Trade relations are reported as fair. Business is active. Payments terms are reported as usually correct and as per commitment. The company can be considered normal for business dealings at usual 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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Mohit Sharma
Designation :	Director
Contact No.:	91-8800924618
Date :	30.11.2015

LOCATIONS

Registered Office :	Office No. 116, First Floor, Plot No.20B, Veer Savarkar Block, Shakarpur, Delhi – 100092, India
Tel. No.:	Not Available
Mobile No.:	91-8800924618 (Mr. Mohit Sharma)
Fax No.:	Not Available
E-Mail :	sales.transmatic@gmail.com
Location :	Rented
Branch Office 1 :	Office No. 204, Sector No.8, Plot No.80, Gandhi Dham Kachchh – 370201, Gujarat, India
Location :	Rented
Branch Office 2 :	Parasnath Complex, Building No. B-8, Unit No-21, Part- C, Near Pipeline, Mankoli-Anjur Phara Road, Val Pada, Vaillage- Val Taluka-Bhiwandi, District-Thane, Mumbai-421 302, Maharashtra, India

DIRECTORS

AS ON 31.03.2015

Name :

Mr. Mohit Sharma

Designation :

Director

Address :

H.No.J-98, DDA Flat, Dilshad Garden, Delhi-110095, India

Date of Birth/Age :

16.04.1989

Qualification :

Graduate

Experience :

7 Years

Date of Appointment :

28.02.2013

DIN No.:

06478484

Name :

Mr. Pankaj Kumar

Designation :

Director

Address :

C-54/3, C Block, Lal Mandir Road, Harsh Vihar, Delhi-110093, India

Date of Birth/Age :

08.12.1982

Qualification :

Graduate

Experience :

9 Years

Date of Appointment :

28.02.2013

DIN No.:

06478485

Name :

Mr. Raj Karan Thapa

Designation :

Director

Address :

B-515, B Block, Joshi Colony, Delhi-110092, India

Date of Birth/Age :

28.02.1967

Qualification :

Graduate

Experience :

22 Years

Date of Appointment :

28.02.2013

DIN No.:

07255910

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	U51502DL2013PTC248845	TRANSMATIC METALIC TRADING PRIVATE LIMITED	Additional director	5/8/2015	5/8/2015	-	Active	NO
2	U51102DL2014PTC270098	Platonic Sales & Marketing Private Limited	Director	9/11/2015	9/11/2015	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AFTER 31.03.2015

Names of Shareholders	No. of Shares	%age holding
Mohit Sharma	500000	50.00
Pankaj Kumar	500000	50.00
Total	1000000	100.00

BUSINESS DETAILS

Line of Business :	Trader of Steel, Fabric, Mild Steel items/Mechanically Treated Steel Items, Carbon Black- Coal Powder, Cotton etc. (Confirmed by management)
Products :	Steel Fabric Mild Steel items Mechanically Treated Steel Items Carbon Black- Coal Powder Cotton etc.
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	L/C, Cash and Credit (30, 90 days)
Purchasing :	L/C, Cash and Credit (30, 90 days)

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :

Pratibha Industries

Name of the Person :

Mr. Vikas Kotian (Banking And Finance Manager)

Contact No.:

91-9619499735

91-22-39559900

Since How Long Known :

2 Years

Maximum Limit Dealt :

As per requirement

Experience :

Payment Behaviour	Market Goodwill	Overall
Good	Good	Good

Remark:

Company is good, their payment behaviour is also good, on time they clear their payments.

Customers :

Reference :	Attenuate Metallics Private Limited
Name of the Person :	Mr. K K Singhania
Contact No.:	91-9711572981 (Switch Off)
Since How Long Known :	Not Available
Maximum Limit Dealt :	Not Available
Experience :	Not Available
Remark:	Not Available

No. of Employees :

17 (Approximately) (In Office 7 + In Branch 10)

Bankers :

Banker Name	HDFC Bank Limited
Branch Address	Vishwas Nagar, Shahdara Branch, Delhi, India
Person Name (With Designation)	Mr. Harpal Singh (Assistant Branch Manager)
Contact Number	91-9873663438
Name of Account Holder	Transmatic Metalic Trading Private Limited
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	1 Month
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Current account
Remarks (If any)	New account but till date company transactions are good

Auditors :
Name :	S.R. Aggarwal and Associates Chartered Accountants
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AFTER 31.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs. 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs. 10.000 Million

AS ON 31.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs. 5.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs. 5.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	5.000	5.000
(b) Reserves & Surplus	10.593	0.078
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	15.593	5.078
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	258.686	0.765
(c) Other current liabilities	0.400	0.029
(d) Short-term provisions	0.053	0.035
Total Current Liabilities (4)	259.139	0.829
TOTAL	274.732	5.907
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.025	0.036
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.012	0.014
Total Non-Current Assets	0.037	0.050
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	3.896	2.625
(c) Trade receivables	270.305	3.130
(d) Cash and cash equivalents	0.494	0.102
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	0.000	0.000
Total Current Assets	274.695	5.857
TOTAL	274.732	5.907

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014
	SALES
	Income	1158.686	7.452
	Other Income	0.000	0.000
	TOTAL (A)	1158.686	7.452
Less	EXPENSES
	Purchases of Stock-in-Trade	1143.897	9.487
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(1.271)	(2.625)
	Employees benefits expense	3.656	0.221
	Other expenses	1.824	0.230
	TOTAL (B)	1148.106	7.313
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	10.580	0.139
Less	FINANCIAL EXPENSES (D)	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	10.580	0.139
Less/ Add	DEPRECIATION/ AMORTISATION (F)	0.013	0.026
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	10.567	0.113
Less	TAX (H)	0.053	0.035
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	10.514	0.078
	Earnings / (Loss) Per Share (Rs.)	21.03	0.16

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014
Current Maturities of Long term debt	NA	NA
Cash generated from operations	NA	NA
Net cash flows from (used in) operations	NA	NA

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014
Net Profit Margin (PAT / Sales)	(%)	0.91	1.05
Operating Profit Margin (PBIDT/Sales)	(%)	0.91	1.87
Return on Total Assets (PBT/Total Assets}	(%)	3.85	1.91
Return on Investment (ROI) (PBT/Networth)		0.68	0.02
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.06	7.07

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)
Share Capital	5.000	5.000
Reserves & Surplus	0.078	10.593
Money received against share warrants	0.000	0.000
Share Application money pending allotment	0.000	0.000
Net worth	5.078	15.593
long-term borrowings	0.000	0.000
Short term borrowings	0.000	0.000
Total borrowings	0.000	0.000
Debt/Equity ratio	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)
Sales	7.452	1158.686
		15,448.658

NET PROFIT MARGIN

Net Profit Margin	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)
Sales	7.452	1158.686
Profit	0.078	10.514
	1.05%	0.91%

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	Yes
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
22	Conduct of the banking account	Yes
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 two years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last two 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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from 104, First Floor, Plot No. 13, Veer Savarkar Block, Shakarpur Delhi, India to the present address w.e.f. 21.11.2015

INDEX OF CHARGES: NO CHARGES EXIST FOR 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 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.66.81
UK Pound	1	Rs.100.37
Euro	1	Rs.70.68

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	DIV
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		47

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.