MIRA INFORM REPORT

Report No. :	354255
Report Date :	15.12.2015

IDENTIFICATION DETAILS

Name :	N.T.A. IMPEX PRIVATE LIMITED
Registered Office :	'Kamalalaya Centre', 156A, Lenin Sarani, Ground Floor, Suite No. G-21A, Kolkata - 700013, West Bengal
Tel. No.:	91-33-30908433
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	13.07.2012
Com. Reg. No.:	21-183762
Capital Investment / Paid-up Capital :	Rs. 3.325 Million
CIN No.: [Company Identification No.]	U51909WB2012PTC183762
IEC No.:	0212018931
TAN No.: [Tax Deduction & Collection Account No.]	CALN06857E
PAN No.: [Permanent Account No.]	AAECN0618G
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in Importing and Trading of P.U. Leather and Artificial Leather. (Confirmed by Management)
No. of Employees :	14 (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 10000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a relatively new company incorporated in the year 2012. It is having moderate track. Rating takes into consideration moderate financial risk profile of the company marked by highly leveraged capital structure along with minimal reserve level of the company in FY2015. Although, the company has reported increase in its sales turnover along with net profit, the profit margin was reported to be low in the year under consideration. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. In view of high external borrowings, the company can be considered for business dealings with some caution.

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. Anand Kumar Hirawat
Designation :	Director
Contact No.:	91-9836301333
Date :	14.12.2015

LOCATIONS

Registered Office :	'Kamalalaya Centre', 156A, Lenin Sarani, Ground Floor, Suite No. G-21A, Kolkata - 700013, West Bengal, India
Tel. No.:	91-33-30908433
Mobile No.:	91-9836301333 (Mr. Anand)
Fax No.:	Not Available
E-Mail :	ntaimpex.cal@gmail.com anandimpex.cal@gmail.com
Location :	Rented
Locality :	Commercial

DIRECTORS

AS ON 31.03.2015

Name :	Mr. Anand Kumar Hirawat
Designation :	Director
Address :	74/1A, Golf Club Road, Golf Residency, Flat-3I, Kolkata - 700033, West Bengal, India
Date of Birth/Age :	21.11.1975
Date of Appointment :	13.07.2012
DIN No.:	05276319

Name :	Mr. Tanuja Hirawat
Designation :	Director
Address :	74/1A, Golf Club Road, Golf Residency, Flat No-3I, Block-A, Kolkata - 700033, West Bengal, India
Date of Birth/Age :	05.07.1974
Date of Appointment :	13.07.2012
DIN No.:	05288749

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Mr. Anand Kumar Hirawat	167500
Mrs. Tanuja Hirawat	5000
Adinath financial services private limited	160000
Total	332500

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Bodies corporate	48.12
Directors or relatives of Directors	51.88
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in Importing and Trading of P.U. Leather and Artificial Leather. (Confirmed by Management)
Products :	Leather
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :
Products :	Leather
Countries :	China
Terms :
Selling :	L/C
Purchasing :	Cheque

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 :

Retailers and End Users

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 :

14 (Approximately)

Bankers :

Bank Name	ICICI Bank Limited
Branch	No. 16, R.N. Mukharjee Road, Kolkata, West Bengal, India
Person Name (With Designation)	Not Available
Contact Number	91-33-33667777
Name of Account Holder	N.T.A. Impex Private Limited
Account Number	000605024492 (Continuously Ringing)
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)	Not Available

Facilities :

Secured Loan	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Short-term borrowings
Cash Credit United bank of India (Secured by hypothecation of stock and Book Debts)	4.702	4.948
Buyers Credit (Secured by letter of intent issued by United Bank of India)
Canara Bank, shanghai, China	5.552	0.000
Indian Bank, Colombo, Sri Lanka	5.343	0.000
State bank of India	10.479	0.000
Total	26.076	4.948

Auditors :
Name :	A. K. Saboo and Company Chartered Accountants
Address :	P-50, C.I.T. Scheme 7 M, Kolkata - 700054, West Bengal, India
Tel. No.:	91-33-23552545
PAN No. of Auditors Firm:	AIPPS0400B
Memberships :	Not Divulged
Collaborators :	Not Divulged
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

AS ON 30.09.2015

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
332500	Equity Shares	Rs.10/- each	Rs. 3.325 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	3.325	3.325	0.100
(b) Reserves & Surplus	0.316	0.100	0.005
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	1.661
Total Shareholders’ Funds (1) + (2)	3.641	3.425	1.766
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(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)	0.000	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	38.224	4.948	0.000
(b) Trade payables	0.348	0.726	6.391
(c) Other current liabilities	2.100	0.191	0.000
(d) Short-term provisions	0.079	0.036	0.047
Total Current Liabilities (4)	40.751	5.901	6.438
TOTAL	44.392	9.326	8.204
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000	0.000
(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	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	0.000	0.000	0.000
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	15.251	4.980	0.000
(c) Trade receivables	18.489	2.628	7.932
(d) Cash and cash equivalents	7.088	0.156	0.272
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	3.564	1.562	0.000
Total Current Assets	44.392	9.326	8.204
TOTAL	44.392	9.326	8.204

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	80.229	18.546	NA
	Other Income	0.327	0.000
	TOTAL SALES	80.556	18.546
Less	EXPENSES
	Cost of Materials Consumed	0.000	0.000
	Purchases of Stock-in-Trade	65.180	22.379
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(10.272)	(4.980)
	Employees benefits expense	1.215	0.000
	Other expenses	21.327	0.920
	TOTAL EXPENSES	77.450	18.319
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	3.106	0.227
Less	FINANCIAL EXPENSES	2.779	0.095
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.327	0.132	0.052
Less	DEPRECIATION/ AMORTISATION	0.000	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX	0.327	0.132	0.052
Less	TAX	0.112	0.036	0.047
	PROFIT/ (LOSS) AFTER TAX	0.215	0.096	0.005
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	0.101	0.005	NA
	BALANCE CARRIED TO THE BALANCE SHEET	0.316	0.101	0.005
	EARNINGS / (LOSS) PER SHARE (RS.)	0.65	8.78	NA

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 (Used) operations	(23.496)	(6.475)	NA
Cash generated from Operating Activities	(23.565)	(6.522)	NA

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	0.27	0.52	NA
Operating Profit Margin (PBIDT/Sales)	(%)	3.87	1.22	NA
Return on Total Assets (PBT/Total Assets}	(%)	0.74	1.42	0.63
Return on Investment (ROI) (PBT/Networth)		0.09	0.04	0.03
Debt Equity Ratio (Total Debt /Networth)		10.50	1.44	0.00
Current Ratio (Current Asset/Current Liability)		1.09	1.58	1.27

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	3.325	3.325
Reserves & Surplus	0.005	0.100	0.316
Share Application money pending allotment	1.661	0.000	0.000
Net worth	1.766	3.425	3.641
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	4.948	38.224
Current Maturities of Long term debt	0.000	0.000	0.000
Total borrowings	0.000	4.948	38.224
Debt/Equity ratio	0.000	1.445	10.498

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2014	31.03.2015
	Rs. In Million	Rs. In Million
Sales	18.546	80.229
	--	332.595

NET PROFIT MARGIN

Net Profit Margin	31.03.2014	31.03.2015
	Rs. In Million	Rs. In Million
Sales	18.546	80.229
Profit	0.096	0.215
	0.52%	0.27%

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	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	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 two 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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

OPERATIONS:

The company has reported total income of Rs. 80.556 Million for the current year as compared to Rs. 18.546 Million in the previous year. The net profit after tax for the year under review amounted to Rs. 0.215 Million in the current year as compared to Rs. 0.096 Million in the previous year.

UNSECURED LOAN

PARTICULARS	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Short-term borrowings
Unsecured loan from Body Corporate	12.148	0.000
Total	12.148	0.000

INDEX OF CHARGES:

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10472084	23/12/2013	25,000,000.00	UNITED BANK OF INDIA	CALCUTTA BRANCH ,, 4,N.C.DUTTA SARANI, KOLKATA, WEST BENGAL - 700001, INDIA	B94210150

FIXED ASSETS

• Land and Building
• Furniture’s and Fixtures
• 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 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. 66.99
UK Pound	1	Rs. 101.78
Euro	1	Rs. 73.47

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	KIN
Report Prepared by :	SYL

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--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.