MIRA INFORM REPORT

Report No. :	353729
Report Date :	09.12.2015

IDENTIFICATION DETAILS

Name :	TEX-POLY INDIA LIMITED
Formerly Known as:	C. J. PLASTICS PRIVATE LIMITED
Registered Office :	Varsha, 13 Adarsh Society, Ramchandra Lane, Extn, Malad (West), Mumbai – 400064, Maharashtra
Tel. No.:	91-22-67614300
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	25.01.1993
Com. Reg. No.:	11-070511
Capital Investment / Paid-up Capital :	Rs. 10.000 Million
CIN No.: [Company Identification No.]	U25209MH1993PLC070511
IEC No.:	3795000131
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACC8575B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing, Importing and Exporting of Plastic Raw Material and Used Clothing.(Confirmed by management)
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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 was established in the year 1993 and it is engaged in the manufacturing, importing and exporting of plastic raw material and used clothing. For the financial year ended 2015, company possesses decent operating performance and achieved extraordinary growth of 201.44% in its revenue profile during the year under review. Rating also takes into consideration company’s established track record of business operations marked by its average financial profile along with fair profit margins, modest net worth base and moderate debt coverage indicators. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition.

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. Mehul Mehta
Designation :	Finance Department
Contact No.:	91-22-67614325
Date :	07.12.2015

LOCATIONS

Registered Office :	Varsha, 13 Adarsh Society, Ramchandra Lane, Extn, Malad (West), Mumbai – 400064, Maharashtra, India
Tel. No.:	91-22-67614300
Fax No.:	91-22-28812340
E-Mail :	varshacorporation@gmail.com texpolyindia@gmail.com
Website :	www.varsh-agroup.com
Area :	7500 sq. ft.
Location :	Owned
Locality :	Commercial
Factory 1 :	Shed No,109-112, Sector-1, Kandla Special Economic Zone, Gandhidham – 370230, Gujarat, India
Factory 2 :	Shed No. 283 and 293, Sector-3, Kandia Special Economic Zone, Gandhidham (Kutch)- 370230, Gujarat, India

DIRECTORS

AS ON : 31.03.2015

Name :

Mr. Shantilal Javerchand Jain

Designation :

Director

Address :

Varsha 13, Adarsh Society, Ramchandra Lane Extn, Malad (West), Mumbai - 400064, Maharashtra, India

Date of Appointment :

30.09.2013

DIN No.:

00089873

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	U72900MH2000PLC129971	VARSHA TECHNOLOGIES LIMITED	Director	09/09/2005	09/09/2005	-	Active	NO
2	U13200MH1993PLC073993	VARSHA MINES AND GRANITES LIMITED	Director	09/09/2005	09/09/2005	-	Active	NO
3	U51900MH1990PTC058223	KANDLA CLEARING AGENCY PRIVATE LIMITED	Director	09/09/2005	09/09/2005	-	Active	NO
4	U18101MH1995PLC092877	AMSTRIN HEALTHCARE LIMITED	Director	16/09/2005	16/09/2005	-	Active	NO
5	U63090MH1990PTC058225	MILLION BULLION BIZ.PRIVATE LIMITED	Director	16/09/2005	16/09/2005	-	Active	NO
6	U45200MH1988PLC047244	VARSHA CONSTRUCTION LIMITED	Director	16/09/2005	16/09/2005	-	Active	NO
7	U24134MH2000PLC130217	VARSHA CORPORATION LIMITED	Director	21/09/2005	21/09/2005	-	Active	NO
8	U17120MH1990PLC058963	EUCLID PHARMACEUTICALS LIMITED	Director	28/09/2005	28/09/2005	-	Active	NO
9	U24239MH1987PTC043234	AMSTRIN PHARMA PRIVATE LIMITED	Director	29/09/2005	29/09/2005	-	Active	NO
10	U65910MH1995PTC085774	STATUS EQUITY AND FINANCE PRIVATE LIMITED	Director	30/08/2007	30/08/2007	02/03/2009	Active	NO
11	L74900MH1987PLC044592	ARNAV CORPORATION LIMITED	Director	30/08/2007	30/08/2007	17/06/2009	Active	NO
12	U22100MH2008PTC262310	LITTLE FROG BOOKS PRIVATE LIMITED	Director	13/03/2008	13/03/2008	30/05/2012	Active	NO
13	U51101MH2010PLC210218	INDIA GOLD LIMITED	Director	19/11/2010	19/11/2010	-	Active	NO
14	U01403MH2011PLC213395	VARSHA COMMODITIES LIMITED	Director	12/02/2011	12/02/2011	-	Active	NO
15	U01403MH2011PLC213918	VARSHA VENTURES LIMITED	Director	23/02/2011	23/02/2011	-	Active	NO
16	U25209MH1993PLC070511	TEX-POLY INDIA LIMITED	Director	30/09/2013	01/08/2013	-	Active	NO
17	U15400GJ2013PTC076492	SUN-E-BEAM STERILIZATION PRIVATE LIMITED	Director	30/12/2013	30/12/2013	-	Active	NO
18	U74999MH2014PLC254596	ARHAM PRECIOUS METAL REFINERY LIMITED	Director	19/03/2014	19/03/2014	-	Active	NO
19	U45400MH2010PTC199543	AMARYLLIS INFRACON PRIVATE LIMITED	Director	09/09/2014	09/09/2014	-	Active	NO
20	U45200MH2006PTC160624	PRITHVI EMPIRES PRIVATE LIMITED	Director	09/09/2014	09/09/2014	-	Active	NO
21	U74120MH2013PTC239725	CopperGate Solutions Private Limited	Director	16/12/2014	16/12/2014	-	Active	NO
22	U01400MH2008PTC182250	PRITHVI HI-FARM PRIVATE LIMITED	Director	16/12/2014	16/12/2014	-	Active	NO

Name :

Mr. Shirish Shantilal Jain

Designation :

Director

Address :

Varsha 13, Adarsh Society, Ramchandra Lane Extn, Malad (West), Mumbai - 400064, Maharashtra, India

Date of Appointment :

30.09.2013

DIN No.:

00089963

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	U63090MH1990PTC058225	MILLION BULLION BIZ.PRIVATE LIMITED	Director	16/01/2005	16/01/2005	-	Active	NO
2	U72900MH2000PLC129971	VARSHA TECHNOLOGIES LIMITED	Director	09/09/2005	09/09/2005	-	Active	NO
3	U13200MH1993PLC073993	VARSHA MINES AND GRANITES LIMITED	Director	09/09/2005	09/09/2005	-	Active	NO
4	U51900MH1990PTC058223	KANDLA CLEARING AGENCY PRIVATE LIMITED	Director	09/09/2005	09/09/2005	-	Active	NO
5	U18101MH1995PLC092877	AMSTRIN HEALTHCARE LIMITED	Director	16/09/2005	16/09/2005	-	Active	NO
6	U45200MH1988PLC047244	VARSHA CONSTRUCTION LIMITED	Director	16/09/2005	16/09/2005	-	Active	NO
7	U24134MH2000PLC130217	VARSHA CORPORATION LIMITED	Director	21/09/2005	21/09/2005	-	Active	NO
8	U17120MH1990PLC058963	EUCLID PHARMACEUTICALS LIMITED	Director	28/09/2005	28/09/2005	-	Active	NO
9	U24239MH1987PTC043234	AMSTRIN PHARMA PRIVATE LIMITED	Director	29/09/2005	29/09/2005	-	Active	NO
10	U65910MH1995PTC085774	STATUS EQUITY AND FINANCE PRIVATE LIMITED	Director	30/08/2007	30/08/2007	02/03/2009	Active	NO
11	L74900MH1987PLC044592	ARNAV CORPORATION LIMITED	Director	30/08/2007	30/08/2007	25/02/2009	Active	NO
12	U22100MH2008PTC262310	LITTLE FROG BOOKS PRIVATE LIMITED	Director	13/03/2008	13/03/2008	30/05/2012	Active	NO
13	U25200PN2007PTC130759	SUNFIX PLAST PRIVATE LIMITED	Additional director	13/01/2010	13/01/2010	06/08/2010	Active	NO
14	U51101MH2010PLC210218	INDIA GOLD LIMITED	Director	19/11/2010	19/11/2010	-	Active	NO
15	U01403MH2011PLC213395	VARSHA COMMODITIES LIMITED	Director	12/02/2011	12/02/2011	-	Active	NO
16	U01403MH2011PLC213918	VARSHA VENTURES LIMITED	Director	23/02/2011	23/02/2011	-	Active	NO
17	U25209MH1993PLC070511	TEX-POLY INDIA LIMITED	Director	30/09/2013	01/08/2013	-	Active	NO
18	U74120MH2014PLC252292	DHANAJ POLYMERS LIMITED	Director	20/01/2014	20/01/2014	-	Active	NO
19	U74999MH2014PLC254596	ARHAM PRECIOUS METAL REFINERY LIMITED	Director	19/03/2014	19/03/2014	-	Active	NO

Name :

Mr. Ramesh Lal Kukreja

Designation :

Director

Address :

NP-17, Ground Floor, Pitam Pura, New Delhi - 110088, India

Date of Appointment :

25.05.2001

DIN No.:

02404134

Name :

Mr. Daaman Kukreja

Designation :

Director

Address :

LU 18, Ground Floor, Pitam Pura, New Delhi - 110088, India

Date of Appointment :

30.11.2011

DIN No.:

05167360

Name :

Gulab Vishandas Gidwani

Designation :

Director

Address :

7 , Sindhu Society, Ward 3-A, Adipur-370205, Gujarat, India

Date of Appointment :

26.11.2015

DIN No.:

01172127

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	U25209GJ2007PTC051354	AANMOL PLASTENE PRIVATE LIMITED	Director	19/07/2007	19/07/2007	-	Active	YES
2	U51109GJ2007PTC051356	ANSHITA TRADING COMPANY PRIVATE LIMITED	Director	19/07/2007	19/07/2007	12/08/2015	Active	NO
3	U74999DL2009PTC190825	CREATIVE FREE TRADE WAREHOUSING PRIVATE LIMITED	Director	20/05/2011	20/05/2011	19/12/2011	Active	NO
4	U51495GJ2010PTC061225	ELITE INKS PRIVATE LIMITED	Director	31/10/2011	14/10/2011	14/10/2013	Active	NO
5	U45208TN2014PTC094418	OPGS INFRASTRUCTURE PRIVATE LIMITED	Additional director	16/06/2014	16/06/2014	-	Active	NO
6	U45206TN2014PTC094427	OPGS INDUSTRIAL INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED	Additional director	16/06/2014	16/06/2014	-	Active	NO
7	U25209MH1993PLC070511	TEX-POLY INDIA LIMITED	Director	26/11/2015	26/11/2015	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON : 30.09.2014

Names of Shareholders	No. of Shares	%age Holding
Shantilal Javerchand Jain	90000	9.00
Shirish Shantilal Jain	90000	9.00
Lata Shantilal Jain	90000	9.00
Varsha Shantilal Jain	80000	8.00
Gulab Vishandas Gidwani	650000	65.00
Total	1000000	100.00

AS ON: 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing, Importing and Exporting of Plastic Raw Material and Used Clothing.(Confirmed by management)
Products :	Plastic Raw Material
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Metals and Chemical
Countries :	Africa Dubai
Imports :
Products :	Raw Material
Countries :	United States of America European Countries
Terms :
Selling :	Cheque
Purchasing :	Cheque

GENERAL INFORMATION

Suppliers :

Reference :	Canwest BM 2000, Canada
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	AlShams alhamraa Metal Trading, United Arab Emirates
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

100 (Approximately)

Bankers :

Banker Name	State Bank of India
Branch Address	S.V. Road (Branch), Malad (West), Mumbai-400064, Maharashtra, India
Person Name (With Designation)	Not Available
Contact Number	91-22-28827884
Name of Account Holder	Not Available
Account Number	Not Available
Account Since (Date/Year of Account Opening)	Not Available
Average Balance Maintained (If Possible)	Not Available
Credit Facilities Enjoyed (If any)	Not Available
Account Operation	Not Available
Remarks (If any)	Continuously Ringing

Facilities :

SECURED LOAN	31.03.2015 (Rs. In Million)	31.03.2014 (Rs. In Million)
LONG TERM BORROWING
Secured From Kotak Mahindra - Car	0.291	0.646
SHORT TERM BORROWING
HDFC Bank Limited	0.000	0.000
Total	0.291	0.646

Auditors :
Name :	I. H Desai and Company Chartered Accountant
Address :	1^st Floor, Jyoti Chamber-Raj Niketan, New Station Road, Bhuj – 370001, Gujarat, India
PAN No.:	ACAPD9595R
Memberships :	Not Available
Collaborators :	Not Available
Associate / Subsidiaries (Confirmed by Management) :	Varsha Corporation Limited India Gold Limited

CAPITAL STRUCTURE

AS ON: 31.03.2015

Authorised Capital : Not Available

Issued, Subscribed & Paid-up Capital : Rs.10.000 Million

AS ON: 31.03.2014

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

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	10.000	10.000	0.100
(b) Reserves & Surplus	4.454	1.540	1.926
(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)	14.454	11.540	2.026
(3) Non-Current Liabilities
(a) long-term borrowings	61.249	44.176	6.790
(b) Deferred tax liabilities (Net)	(0.173)	(0.094)	(0.088)
(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)	61.076	44.082	6.702
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	4.086
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	27.866	(8.273)	8.031
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	27.866	(8.273)	12.117
TOTAL	103.396	47.349	20.845
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	14.248	7.165	3.176
(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	0.000	0.578	0.578
(e) Other Non-current assets	2.589	0.000	0.000
Total Non-Current Assets	16.837	7.743	3.754
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	72.740	30.771	4.693
(c) Trade receivables	6.542	5.729	6.143
(d) Cash and cash equivalents	7.277	3.106	6.255
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	86.559	39.606	17.091
TOTAL	103.396	47.349	20.845

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	251.497	83.145	60.092
	Other Income	1.215	0.688	(0.146)
	TOTAL (A)	252.712	83.833	59.946
Less	EXPENSES
	Cost of Materials Consumed	278.912	100.964	48.552
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(41.969)	(26.079)	4.021
	Employees benefits expense	5.370	3.898	2.794
	Other expenses	3.127	1.321	2.897
	TOTAL (B)	245.440	80.104	58.263
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	7.272	3.729	1.683
Less	FINANCIAL EXPENSES (D)	1.245	0.943	0.781
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	6.027	2.786	0.902
Less/ Add	DEPRECIATION/ AMORTISATION (F)	1.583	0.780	0.441
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	4.444	2.006	0.460
Less	TAX (H)	1.319	0.620	0.094
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	3.125	1.386	0.366
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	NA	0.687	0.000
	TOTAL EARNINGS	NA	0.687	0.000
	IMPORTS
	Raw Materials	NA	87.614	36.981
	TOTAL IMPORTS	NA	87.614	36.981
	Earnings / (Loss) Per Share (Rs.)	29.03	12.88	36.63

Expected Sales (2015-2016) : Rs.300.000 Million

The above information has been parted by Mr. Mehul Mehta (Finance Department)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operation	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	1.24	1.67	0.61
Operating Profit Margin (PBIDT/Sales)	(%)	2.89	4.48	2.80
Return on Total Assets (PBT/Total Assets}	(%)	4.30	4.24	2.21
Return on Investment (ROI) (PBT/Networth)		0.31	0.17	0.23
Debt Equity Ratio (Total Debt /Networth)		4.24	3.83	5.37
Current Ratio (Current Asset/Current Liability)		3.11	(4.79)	1.41

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	0.100	10.000	10.000
Reserves & Surplus	1.926	1.540	4.454
Net worth	2.026	11.540	14.454
long-term borrowings	6.790	44.176	61.249
Short term borrowings	4.086	0.000	0.000
Total borrowings	10.876	44.176	61.249
Debt/Equity ratio	5.368	3.828	4.238

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	60.092	83.145	251.497
		38.363	202.480

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	60.092	83.145	251.497
Profit	0.366	1.386	3.125
	0.61%	1.67%	1.24%

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	Yes
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)	Yes
16]	No. of employees	Yes
17]	Details of sister concerns	Yes
18]	Major suppliers	Yes
19]	Major customers	Yes
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	Yes
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	Yes
35]	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

PARTICULARS	31.03.2015 (Rs. In Million)	31.03.2014 (Rs. In Million)
LONG TERM BORROWING
Kill Comm Services Private Limited		0.000
Premlata Kukreja		0.274
Ram Chand Kukreja		1.975
Ramesh Chand Kukreja		1.429
Surya Leboratory Private Limited		0.029
Shyam Sunder Rajpura		0.400
Babu International		0.038
Abishek Bhatia		0.000
Aditya Varma		0.000
Akshay Alawadhi		0.000
Amar Garg		0.000
Angat Dalal		0.000
Anshul Gupta		0.000
Avi Arora		0.000
Deepak Kumar		0.000
Dhiren Bhatta		0.000
Gagan Nayar		0.000
Hitesh Arora		0.000
Jatin Chawla		0.000
Kamal Chugh		0.000
Keshav Soni		0.000
Manoharlal		0.000
Mayank Goel		0.000
Mithesh Chalany		0.000
Nakshya Malhotra		0.000
Naman Sachdeva		0.000
Pankaj Wadhwa		0.000
Rahul Chabra		0.000
Sagar Nagpal		0.000
Santosh Singh		0.000
Sharvan Sharma		0.000
Shiva Jain		0.000
Shobit Gupta		0.000
Shubham Tripathi		0.000
Sobhagya Chandha		0.000
Sudarshan Kumar		0.000
Sudesh Gohil		0.000
Tushar Goyal		0.000
Varun Gupta		0.000
Vedh Mittal		0.000
Vikas Jain		0.000
Vikas Varma		0.000
Yuraj Kohil		0.000
Sharad Construction Company		9.100
Avaya Industries Limited		30.000
HDFC Credit Card		0.040
Daman Kukreja		0.245
Total	60.958	43.530

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

NOTE :

The registered address of the company has been shifted from 506 – 507, Maker Bhavan No.321, New Marine Lines, Mumbai – 400020, Maharashtra, India to the present address w.e.f. 01.08.2013.

FIXED ASSETS

• Bike
• Electrical fitting
• Factory building
• Fax
• Furniture
• Plant and Machinery
• Computer
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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.66.79
UK Pound	1	Rs.100.49
Euro	1	Rs.72.51

INFORMATION DETAILS

Information Gathered by :	GAY
Analysis Done by :	KAR
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
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	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	5
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		43

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.