MIRA INFORM REPORT

Report No. :	306280
Report Date :	09.02.2015

IDENTIFICATION DETAILS

Name :	RONALD WEB OFFSET PRIVATE LIMITED
Registered Office :	Plot No.210, Sector-58, Faridabad -121004, Haryana
Country :	India
Financials (as on) :	31.03.
Date of Incorporation :	17.02.2002
Com. Reg. No.:	05-034931
Capital Investment / Paid-up Capital :	Rs.43.866 Millions
CIN No.: [Company Identification No.]	U29294HR2002PTC034931
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of web-offset Printing Machine for newspaper, books, etc.
No. of Employees :	120 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 270000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Profitability of the company is fair. Trade relations are reported as fair. Business is active. Payment terms are reported to be 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Raghav
Designation :	Marketing Executive
Contact No.:	91-129-4192029
Date :	03.02.2015

LOCATIONS

Registered Office/ Factory :	Plot No.210, Sector-58, Faridabad -121004, Haryana, India
Tel. No.:	91-129-4044518
Fax No.:	91-129-4084519
E-Mail :	sales@rebaldweboffset.com
Website :	www.ronaldindia.com
Location :	Owned
Factory 2 :	Plot No.36 Phase-1 D.L.F. Industrial Area, Faridabad-121003, Haryana, India
Location :	Owned

DIRECTORS

As on 30.09.2014

Name :

Mr. Sanjay Gupta

Designation :

Director

Address :

1050 Sector-15, Faridabad – 121007, Haryana, India

Date of Birth/Age :

29.08.1958

Date of Appointment :

17.07.2002

DIN No.:

00285788

Voter ID No.:

HR/06/52/606422

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	U74899DL1987PTC029010	K K PRINTING MACHINES MANUFACTURING CO PRIVATE LTD.	Director	26/08/1987	26/08/1987	-	Active	NO
2	U29294HR2002PTC034931	RONALD WEB OFFSET PRIVATE LIMITED	Director	17/07/2002	17/07/2002	-	Active	NO

Name :

Mr. Shail Gupta

Designation :

Director

Address :

1050 Sector-15, Faridabad – 121007, Haryana, India

Date of Birth/Age :

16.03.1961

Date of Appointment :

17.07.2002

DIN No.:

00285794

Voter ID No.:

HR/06/52/606423

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	U74899DL1987PTC029010	K K PRINTING MACHINES MANUFACTURING CO PRIVATE LTD.	Director	26/08/1987	26/08/1987	-	Active	NO
2	U29294HR2002PTC034931	RONALD WEB OFFSET PRIVATE LIMITED	Director	17/07/2002	17/07/2002	-	Active	NO

Name :

Mr. Adithya Gupta

Designation :

Director

Address :

1050 Sector-15, Faridabad – 121007, Haryana, India

Date of Birth/Age :

03.06.1985

Date of Appointment :

16.11.2009

KEY EXECUTIVES

Name :	Mr. Raghav
Designation :	Marketing Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Sanjay Gupta	1474730
Shail Gupta	5000
Aditya Gupta	1028522
Ishwar Chand Goyal	5000
Munni Rani	7000
Arti Patra	3000
Sudershan Patra	4000
Ketki Kathpalia	2000
Col.C.M.Raizada	16000
Kiran Ghai	2000
Darshan Lal Ghai and Sons	2000
Best Computer Services P. Limited.	130700
M.C. Bhargav and Sons	1800
Sanjay Gupta Huf	3000
K.K. Printing Machines Manufacturing Company Private Limited.	1701844
Total	4386596

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	38.80
Directors or relatives of Directors	57.36
Other top fifty shareholders	3.84
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of web-offset Printing Machine for newspaper, books, etc.
Products :	web-offset Printing Machine
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Finished goods
Countries :	South Africa Nigeria Bangladesh Turkey Japan USA
Imports :
Products :	Raw Material
Countries :	US
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Timken Bearings, USA
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 :

Wholesalers, Retailers and Manufacturer

Reference :	Hindustan Times, Delhi
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 :

120 (Approximately)

Bankers :

Banker Name :	Punjab National Bank
Branch Address :	Mathura Road, Ballabgarh - 121004, Haryana, India
Facilities :	Not Divulged
Person Name :	Not Divulged
Contact No.:	Not Divulged
Report :	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

Facilities :

(Rs. In Millions)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
Long Term Borrowing
Term loans from banks
Punjab National Bank	4.448	7.592
Punjab National Bank Car Loans	0.667	1.003
ICICI Bank Car Loan	3.181	0.072
Short Term Borrowing
Punjab National Bank-CC	0.000	24.837
Total	8.296	33.504

Auditors :
Name :	Svans and Associates Chartered Accountants
Address :	294 , Shyam Niwas, Sector-28, Faridabad-121008, Haryana, India
Tel. No.:	91-129-4041950
Mobile No.:	91-9810294037
E-Mail :	ssgulati@hotmail.com gulati.ss@gmail.com
PAN No.:	AAQFS3759Q
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4386596	Equity Shares	Rs.10/- each	Rs.43.866 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

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	43.866	43.866	35.866
(b) Reserves & Surplus	49.228	38.031	31.488
(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)	93.094	81.897	67.354
(3) Non-Current Liabilities
(a) long-term borrowings	18.183	17.341	17.148
(b) Deferred tax liabilities (Net)	0.255	0.236	0.260
(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)	18.438	17.577	17.408
(4) Current Liabilities
(a) Short term borrowings	0.000	24.837	12.121
(b) Trade payables	44.843	70.314	78.375
(c) Other current liabilities	3.397	2.962	0.455
(d) Short-term provisions	1.256	0.767	0.874
Total Current Liabilities (4)	49.496	98.880	91.825
TOTAL	161.028	198.354	176.587
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	74.331	72.141	75.023
(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)	0.048	0.048	0.048
(d) Long-term Loan and Advances	0.561	0.551	0.221
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	74.940	72.740	75.292
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	21.551	70.724	35.076
(c) Trade receivables	11.676	28.665	15.236
(d) Cash and cash equivalents	37.460	8.329	44.601
(e) Short-term loans and advances	15.401	17.896	6.382
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	86.088	125.614	101.295
TOTAL	161.028	198.354	176.587

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income
		Other Income
		TOTAL (A)	N.A	224.735	210.285
Less	EXPENSES
		TOTAL (B)		206.696	195.163
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			18.039	15.122
Less	FINANCIAL EXPENSES (D)			2.236	2.955
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		N.A	15.803	12.167
Less/ Add	DEPRECIATION/ AMORTISATION (F)			6.148	7.360
	PROFIT BEFORE TAX (E-F) (G)			9.655	4.807
Less	TAX (H)			3.111	2.053
	PROFIT AFTER TAX (G-H) (I)		11.197	6.544	2.754
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		13.382	6.838	4.085
	BALANCE CARRIED TO THE B/S		24.579	13.382	6.839
	Earnings Per Share (Rs.)		2.55	1.49	--

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	N.A	2.91	1.31
Operating Profit Margin (PBDIT/Sales)	(%)	N.A	8.03	7.19
Return on Total Assets (PBT/Total Assets}	(%)	0.00	4.87	2.72
Return on Investment (ROI) (PBT/Networth)		0.00	0.12	0.07
Debt Equity Ratio (Total Debt /Networth)		0.20	0.52	0.43
Current Ratio (Current Asset/Current Liability)		1.74	1.27	1.10

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	35.866	43.866	43.866
Reserves & Surplus	31.488	38.031	49.228
Net worth	67.354	81.897	93.094
long-term borrowings	17.148	17.341	18.183
Short term borrowings	12.121	24.837	0.000
Total borrowings	29.269	42.178	18.183
Debt/Equity ratio	0.435	0.515	0.195

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Sales	210.285	224.735
		6.872

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Sales	210.285	224.735
Profit	2.754	6.544
	1.31%	2.91%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

Note:

Registered office of the company has been shifted from 43 Sector-15, Faridabad– 121007 Haryana,India to the present address w.e.f.15.01.2009

UNSECURED LOAN

(Rs. In Millions)

Particular	As on 31.03.2014	As on 31.03.2013
Long Term Borrowing
Loans From Directors	7.128	8.674
Loans From Related Parties	2.759	0.000
Total	9.887	8.674

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10402152	14/01/2013	1,050,000.00	PUNJAB NATIONAL BANK	N I T, RETAIL ASSET BRANCH, FARIDABAD, Haryana -  121001, INDIA	B67763300
2	10145836	06/03/2013 *	30,000,000.00	PUNJAB NATIONAL BANK	MATHURA ROAD, BALLABGARH, Haryana - 121004, INDIA	B71167779
3	10145837	20/02/2009	66,900,000.00	PUNJAB NATIONAL BANK	G T ROAD, BALLABGARH, Haryana - 121004, INDIA	A57828840

* Date of charge modification

FIXED ASSETS

• Freehold Land
• Leasehold Land
• Office Equipments
• Computers
• Furniture and Fixture
• Plant and Equipments
• Factory Building
• Godown Building

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.61.73
UK Pound	1	Rs.94.65
Euro	1	Rs.70.78

INFORMATION DETAILS

Information Gathered by :	DPA
Analysis Done by :	SUM
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
--PROFITABILIRY	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	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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.