MIRA INFORM REPORT

Report No. :	353150
Report Date :	12.12.2015

IDENTIFICATION DETAILS

Name :	AGROW ALLIED VENTURES PRIVATE LIMITED (w.e.f. 05.06.2012)
Formerly Known As :	AMBEY ALLIED VENTURES PRIVATE LIMITED
Registered Office :	1/8, First Floor, W.H.S., Kirti Nagar, New Delhi – 110015
Tel. No.:	91-11-41005461
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	24.05.2011
Com. Reg. No.:	55-219722
Capital Investment / Paid-up Capital :	Rs.77.390 Million
CIN No.: [Company Identification No.]	U51909DL2011PTC219722
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAJCA5038L
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and importer of pesticides, agrochemicals. [Confirmed by management]
No. of Employees :	50 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (26)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 220000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the subject was incorporated in the year 2011 but it has not yet commenced its commercial operations. Mr. Jatinder, Chartered Accountant has provided information of the subject and claimed that the company has started its commercial activities from 1^st April 2015. Further, rating takes into consideration company’s average financial base and moderate debt coverage indicators. As per status in the Registrar of Companies, business is active. Payment terms are unknown. In view of aforesaid, the subject 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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Jitender
Designation :	Chartered Accountants
Contact No.:	91-9810825871
Date :	10.12.2015

LOCATIONS

Registered Office :	1/8, First Floor, W.H.S., Kirti Nagar, New Delhi – 110015, India
Tel. No.:	91-11-41005461
Mobile No.:	91-9810825871 (Mr. Jitender)
Fax No.:	Not Available
E-Mail :	rakshitsehgal@ambeygroup.in japhuyas@gmail.com
Website :	www.agroallied.in
Location :	Rented
Locality :	Commercial
Factory :	Rajasthan, India

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Rakshit Sehgal

Designation :

Director

Address :

B-4/3, Paschim Vihar, New Delhi - 110063, India

Date of Appointment :

24.05.2011

DIN No.:

00375539

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	U74899DL1985PLC020490	AMBEY LABORATORIES Limited	Director	18/12/2005	18/12/2005	28/03/2013	Active	NO
2	U51909DL2011PTC219722	AGROW ALLIED VENTURES PRIVATE LIMITED	Director	24/05/2011	24/05/2011	-	Active	NO
3	U18101DL2005PTC137294	BADSHAH DESIGNS PRIVATE LIMITED	Director	28/09/2012	23/07/2012	22/07/2013	Active	NO
4	U74899DL1988PTC030903	TRISHUL MOTORS PRIVATE LIMITED	Director	30/09/2013	19/02/2013	-	Active	NO

Name :

Mr. Kewal Sehgal

Designation :

Director

Address :

B-4/3, Paschim Vihar, New Delhi - 110063, India

Date of Appointment :

24.05.2011

DIN No.:

00375696

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	U74899DL1985PLC020490	AMBEY LABORATORIES Limited	Additional director	29/07/2013	20/03/1985	29/09/2013	Active	NO
2	U74899DL1988PTC030903	TRISHUL MOTORS PRIVATE LIMITED	Director	10/03/1988	10/03/1988	-	Active	NO
3	U18101DL2005PTC137294	BADSHAH DESIGNS PRIVATE LIMITED	Director	01/01/2006	01/01/2006	22/07/2013	Active	NO
4	U51909DL2011PTC219722	AGROW ALLIED VENTURES PRIVATE LIMITED	Director	24/05/2011	24/05/2011	-	Active	NO

Name :

Mr. Rashmi Sehgal

Designation :

Additional Director

Address :

C-1/9 near Qutab Plaza, DLF Phase-1, Gurgaon - 122002, Haryana, India

Date of Appointment :

27.11.2014

DIN No.:

07028145

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Baid Stock Broking Services Private Limited, India	550000
Kewal Sehgal	3235000
Tab Technology Private Limited, India	300000
Mrs. Sushma Chopra	500000
Ms. Sarla Gupta	99000
Kewal Sehgal For Kewal Sehgal HUF	20000
Mr. Rakshit Sehgal	860000
Mrs. Rashmi Sehgal	450000
Mrs. Sheetal Khanna	125000
Badshah Design Private Limited, India	200000
Trishul Motors Private Limited, India	1400000
Total	7739000

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Bodies corporate	31.66
Directors or relatives of Directors	60.60
Other top fifty shareholders	7.74
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and importer of pesticides, agrochemicals. [Confirmed by management]
Products :	Pesticides Agrochemicals
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	--
Imports :
Products :	Agrochemicals
Countries :	China
Terms :
Selling :	L/C, Cash, Cheque and Credit (30 / 60 / 90 Days)
Purchasing :	L/C, Cash, Cheque and Credit (30 / 60 / 90 Days)

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 :

50 (Approximately)

Bankers :

Banker Name :	Andhra Bank
Branch :	R - 3, Green Park, New Delhi - 110016, India
Person Name (With Designation) :	Not Divulged
Contact Number :	91-11-26512406 (Ringing)
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
Rupee term loans from banks	23.800	0.000
Total	23.800	0.000

Auditors :
Name :	Jatinder Pahuja and Associates Chartered Accountants
Address :	E-26A,New Acharya Kriplani Road, Adarsh Nagar, New Delhi – 110033, India
PAN No.:	AJWPP8837H
Memberships :	Not Divulged
Collaborators :	Not Divulged
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital:

No. of Shares	Type	Value	Amount
7750000	Equity Shares	Rs.10/- each	Rs.77.500 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
7739000	Equity Shares	Rs.10/- each	Rs.77.390 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	77.390	49.590	0.100
(b) Reserves & Surplus	(0.217)	(0.217)	(0.217)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	2.900
Total Shareholders’ Funds (1) + (2)	77.173	49.373	2.783
(3) Non-Current Liabilities
(a) long-term borrowings	97.587	28.462	0.085
(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)	97.587	28.462	0.085
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	1.842	2.251	0.022
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	1.842	2.251	0.022
TOTAL	176.602	80.086	2.890
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	137.637	72.950	0.000
(ii) Intangible Assets	1.853	0.805	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	19.617	0.000	0.000
(e) Other Non-current assets	17.031	3.690	0.000
Total Non-Current Assets	176.138	77.445	0.000
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	(2.883)	0.996	0.177
(e) Short-term loans and advances	3.347	1.645	2.713
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	0.464	2.641	2.890
TOTAL	176.602	80.086	2.890

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
Debt Equity Ratio (Total Debt /Networth)	1.26	0.58	0.03
Current Ratio (Current Asset/Current Liability)	0.25	1.17	131.36

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	49.590	77.390
Reserves & Surplus	(0.217)	(0.217)	(0.217)
Share Application money pending allotment	2.900	0.000	0.000
Net worth	2.783	49.373	77.173
long-term borrowings	0.085	28.462	97.587
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.085	28.462	97.587
Debt/Equity ratio	0.031	0.576	1.265

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	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	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	No
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	No
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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from B-2, Vikas Apartment, 34/1, East Punjabi Bagh, New Delhi – 110063, India to the present address w.e.f. 05.09.2012

UNSECURED LOANS:

Particulars	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
Long Term Borrowings
Other loans and advances	73.787	28.462
Total	73.787	28.462

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10487225	20/03/2014	218,700,000.00	Andhra Bank	R - 3, Green Park, New Delhi - 110016, India	C01231463

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Furniture and Fixture

· Office Equipment

· Computer

· 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 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.101.10
Euro	1	Rs.73.10

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	HNA
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	--
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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		26

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.