MIRA INFORM REPORT

Report No. :	353878
Report Date :	09.12.2015

IDENTIFICATION DETAILS

Name :	RSK WEAVES PRIVATE LIMITED
Registered Office :	91/1-1, Ramanathapuram East, 1st Cross, Kannankurichi, Salem - 636008, Tamilnadu
Tel. No.:	91-427-3192200
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	22.03.2013
Com. Reg. No.:	18-019305
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U17115TZ2013PTC019305
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAGCR3381L
Legal Form :	Private Limited Liability Company
Line of Business :	The Company has set up to: · Import, export, deal, distribute and market including purchase and sell fabric and apparel in India and abroad. · Design fabrics and garments for garment and textile manufactures in India and abroad and to carry out research activities related thereto. · Carry out inspections, audit and quality control activities for garment and textile manufacturers in India and abroad. · Provide technical consultancy on all textile related matters to garment and textile manufacturers in India and abroad. (Registered Activity)
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. As per the Registrar of Companies the date balance sheet (i.e. financial filed) is shown as 31.03.2015 but the documents related to the financial are not available from any sources. For the financial year ended 2014, the company has healthy scale of operations marked by decent sales turnover along with profitability margin of 5.19%. The company has comfortable financial base along with zero debt balance sheet profile. Trade relations are fair. Business is active. Payments are usually correct. The company can be considered 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 DENIED BY

Name :	Mr. Mani
Designation :	Accounts Department
Contact No.:	91-427-3192200
Date :	08.12.2015

LOCATIONS

Registered Office :	91/1-1, Ramanathapuram East, 1st Cross, Kannankurichi, Salem - 636008, Tamilnadu, India
Tel. No.:	91-427-3192200
Fax No.:	Not Available
E-Mail :	rskweaves@gmail.com

DIRECTORS

As on 31.03.2015

Name :

Mr. Rajiv Kumar Gupta

Designation :

Director

Address :

L-14/7, DLF City, Phase-II, Gurgaon-122002, Haryana, India

Date of Birth/Age :

04.09.1956

Date of Appointment :

22.03.2013

DIN No.:

00188992

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	U72300DL2000PTC103201	GRAPHIC ERA INFOTECH PRIVATE LIMITED	Director	11/01/2000	11/01/2000	17/05/2007	Active	NO
2	U74899DL2001PTC109102	GALAXY VENTURES PRIVATE LIMITED	Director	05/01/2001	05/01/2001	28/10/2010	Active	NO
3	U74999DL2003NPL119978	ANIMAL RAHAT	Director	11/05/2003	11/05/2003	29/10/2008	Active	NO
4	U74140DL2001PTC111493	T GROUP SOLUTIONS PRIVATE LIMITED	Director	28/09/2012	14/03/2012	-	Active	NO
5	U17115TZ2013PTC019305	RSK Weaves Private Limited	Director	22/03/2013	22/03/2013	-	Active	NO
6	U17120TZ2013PTC019739	SALEM COTTONS PRIVATE LIMITED	Director	05/08/2013	05/08/2013	-	Active	NO
7	U17121TZ2013PTC019782	DECCAN WEAVES PRIVATE LIMITED	Director	22/08/2013	22/08/2013	-	Active	NO
8	U72900DL2015PTC286400	Eddvantage Software Solutions Private Limited	Director	13/10/2015	13/10/2015	-	Active	NO

Name :

Mr. Duraisamy Senthilkumar

Designation :

Director

Address :

91/1-1, East Street Ramanathapuram, Kannankurichi, Salem-636008, Tamilnadu, India

Date of Birth/Age :

10.06.1966

Date of Appointment :

22.03.2013

DIN No.:

06507913

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	U17115TZ2013PTC019305	RSK Weaves Private Limited	Director	22/03/2013	22/03/2013	-	Active	NO
2	U17120TZ2013PTC019739	SALEM COTTONS PRIVATE LIMITED	Director	05/08/2013	05/08/2013	-	Active	NO
3	U17121TZ2013PTC019782	DECCAN WEAVES PRIVATE LIMITED	Director	22/08/2013	22/08/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Mani
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2015

Names of Shareholders	No. of Shares	%age holding
Duraisamy Senthilkumar	5000	50.00
Rajiv Kumar Gupta	5000	50.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 20.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	The Company has set up to: · Import, export, deal, distribute and market including purchase and sell fabric and apparel in India and abroad. · Design fabrics and garments for garment and textile manufactures in India and abroad and to carry out research activities related thereto. · Carry out inspections, audit and quality control activities for garment and textile manufacturers in India and abroad. · Provide technical consultancy on all textile related matters to garment and textile manufacturers in India and abroad. (Registered Activity)
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	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
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Reference :	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 :

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 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 :	N.D. Pani and D.B.R. Guptha Chartered Accountants
Address :	N.R. Nivas, 45/17, Sivasamy Street, Salem-636001, Tamilnadu, India
Tel. No.:	91-427-2450529
E-Mail :	Ndpdbr_g@yahoo.co.in ndpdbr@gmail.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAEFN7867Q
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

As on 31.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs. 0.100Million

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
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100
(b) Reserves & Surplus	4.367
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	4.467
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	6.863
(c) Other current liabilities	1.076
(d) Short-term provisions	2.073
Total Current Liabilities (4)	10.012
TOTAL	14.479
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(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	2.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	2.000
(2) Current assets
(a) Current investments	0.000
(b) Inventories	3.290
(c) Trade receivables	6.296
(d) Cash and cash equivalents	2.893
(e) Short-term loans and advances	0.000
(f) Other current assets	0.000
Total Current Assets	12.479
TOTAL	14.479

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014
	TUNOVER	84.113
Less	EXPENSES	NA
	PROFIT/ (LOSS) BEFORE TAX	NA
Less	TAX	NA
	PROFIT/ (LOSS) AFTER TAX	4.367
	EARNINGS IN FOREIGN CURRENCY	11.046
	Earnings / (Loss) Per Share (Rs.)	436.71

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) operation	NA

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT / Turnover)	(%)	5.19
Return on Total Assets (PBT/Total Assets}	(%)	NA
Return on Investment (ROI) (PBT/Networth)		NA
Debt Equity Ratio (Total Debt /Networth)		0.00
Current Ratio (Current Asset/Current Liability)		1.25

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	No
26]	Turnover of firm for last one year	Yes
27]	Reasons for variation <> 20%	--
28]	Estimation for coming financial year	No
29]	Profitability for last one year	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

NOTE: Registered office of the company has been shifted from S 1/11 Ramanathapuram 1st Cross, Kannankurichi, Salem-636008, Tamilnadu, India to the present address w.e.f. 17.06.2013

CORPORATE INFORMATION

The Company was incorporated under the Companies Act, 1956 on 22nd March, 2013. The Company has set up to:

(a) Import, export, deal, distribute and market including purchase and sell fabric and apparel in India and abroad.

(b) Design fabrics and garments for garment and textile manufactures in India and abroad and to carry out research activities related thereto.

(c) Carry out inspections, audit and quality control activities for garment and textile manufacturers in India and abroad.

(d) Provide technical consultancy on all textile related matters to garment and textile manufacturers in India and abroad.

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.66.79
UK Pound	1	Rs.100.49
Euro	1	Rs.72.51

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	TRI
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--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		44

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.