MIRA INFORM REPORT

Report No. :	306283
Report Date :	12.02.2015

IDENTIFICATION DETAILS

Name :	ALIF PRINT PACK PRIVATE LIMITED (w.e.f. 13.03.2013)
Formerly Known As :	ALIF FABRICATORS PRIVATE LIMITED
Registered Office :	A-72, New Ashok Nagar, New Delhi-110096
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	11.10.2007
Com. Reg. No.:	55-169304
Capital Investment / Paid-up Capital :	Rs. 0.100 million
CIN No.: [Company Identification No.]	U21020DL2007PTC169304
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 of Flexible Packing Material.
No. of Employees:	20 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Yet to commence its business operations
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject was incorporated in the year 2007 under the name “Alif Fabricators Pvt Ltd.” However business activities did not commence. In the year 2011 the company was bought and renamed to “Alif print pack private limited”. As per our information business activities are about to start in March 2015. Trade relations and payments are unknown. The company can be considered for business dealings on safe and secured terms.

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

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Ramdhan Dhiman
Designation :	Director
Contact No.:	91-9911153312
Date :	05.02.2015

LOCATIONS

Registered Office :	A-72, New Ashok Nagar, New Delhi-110096, India
Tel. No.:	Not Available
Mobile No.:	91-9911153312 (Mr. Ramdhan Dhiman)
Fax No.:	Not Available
E-Mail :	zqureshi786@hotmail.com arc1986@gmail.com lochan415@yahoo.com
Location :	Owned
Factory :	B-35, Udyog Kendra 1st, Ecotech-III, Greater Noida – 201305, Uttar Pradesh, India
Tel. No.:	91-120-3240026
Location :	Owned

DIRECTORS

As on: 29.09.2014

Name :

Mr. Ramdhan Dhiman

Designation :

Director

Address :

L-374A, Sector-12, Pratap Vihar, Ghaziabad-201001, Uttar Pradesh), India

Date of Birth/Age :

31.05.1964

Date of Appointment :

12.07.2011

DIN No.:

01551030

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	U21014DL1999PTC099310	NOIDA LAMINATORS PRIVATE LIMITED	Director	15-04-1999	15-04-1999	-	Active	NO
2	U21020DL2007PTC169304	ALIF PRINT PACK PRIVATE LIMITED	Director	12-07-2011	12-07-2011	-	Active	NO

Name :

Mr. Zakauddin Qureshi

Designation :

Director

Address :

C-34d, Rajat Vihar, Sector-62, Noida-201301, (Uttar Pradesh), India

Date of Birth/Age :

12.09.1964

Date of Appointment :

12.07.2011

DIN No.:

01566092

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	U21014DL1999PTC099310	NOIDA LAMINATORS PRIVATE LIMITED	Director	15-04-1999	15-04-1999	-	Active	NO
2	U21020DL2007PTC169304	ALIF PRINT PACK PRIVATE LIMITED	Director	12-07-2011	12-07-2011	-	Active	NO

Name :

Mr. Mohammad Hasnain

Designation :

Director

Address :

75-A, MIG Flat, Madhuran Appartment, Sector-82, Noida-201305, (Uttar Pradesh), India

Date of Birth/Age :

15.01.1964

Date of Appointment :

12.07.2011

DIN No.:

01555818

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	U21014DL1999PTC099310	NOIDA LAMINATORS PRIVATE LIMITED	Director	15-04-1999	15-04-1999	-	Active	NO
2	U21020DL2007PTC169304	ALIF PRINT PACK PRIVATE LIMITED	Director	12-07-2011	12-07-2011	-	Active	NO

Name :

Mr. Abdul Kayyoom

Designation :

Director

Address :

16, Haldauni Bisarakh, Gautam Budh Nagar-203206, (Uttar Pradesh), India

Date of Birth/Age :

31.12.1970

Date of Appointment :

12.07.2011

DIN No.:

01624086

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	U21014DL1999PTC099310	NOIDA LAMINATORS PRIVATE LIMITED	Director	15-04-1999	15-04-1999	-	Active	NO
2	U21020DL2007PTC169304	ALIF PRINT PACK PRIVATE LIMITED	Director	12-07-2011	12-07-2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 29.09.2014

Names of Shareholders	No. of Shares	Percentage
Abdul Kayyoom	500	5.00
Mohamad Hasnain	500	5.00
Zakauddin Qureshi	500	5.00
Ramdhan Dhiman	500	5.00
Noida Laminators Private Limited, India	8000	80.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

As onL 29.09.2014

Category	Percentage
Bodies corporate	80.00
Directors or relatives of Directors	20.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Flexible Packing Material.
Products :	Flexible Packing Material
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash, L/C and Credit
Purchasing :	Cash, L/C and Credit

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 :

Wholesalers, Retailers and Manufacturer

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 :

20 (Approximately)

Bankers :

Bank Name	Syndicate Bank
Branch	Sector -18, SME Branch, Noida, Uttar Pradesh, India
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 :	Lochan and Company Chartered Accountants
Address :	415,Krishna Apra Plaza, Sector-18, Noida- 201301, Uttar Pradesh, India
PAN N Income-tax PAN of auditor or auditor's firm :	AACFL4183D
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern:	Noida Laminators Private Limited

CAPITAL STRUCTURE

As on 29.09.2014

Authorized Capital:

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

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	0.100	0.100	0.100
(b) Reserves & Surplus	(0.316)	(0.086)	0.000
(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)	(0.216)	0.014	0.100
(3) Non-Current Liabilities
(a) Long-term borrowings	9.191	8.373	5.612
(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)	9.191	8.373	5.612
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.135	0.155	0.000
(c) Other current liabilities	0.147	0.026	0.009
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	0.282	0.181	0.009
TOTAL	9.257	8.568	5.721
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	5.694	5.529	4.031
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	3.248	2.813	0.452
(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	8.942	8.342	4.483
(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	0.002	0.000
(d) Cash and cash equivalents	0.049	0.010	0.032
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	0.266	0.214	1.206
Total Current Assets	0.315	0.226	1.238
TOTAL	9.257	8.568	5.721

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Operating Income (Including other Income)	0.008	0.001	0.000
Less	EXPENSES
		TOTAL	0.238	0.079	0.000
	PROFIT/ (LOSS) BEFORE INTEREST AND TAX		(0.230)	(0.078)	0.000
	PROFIT/ (LOSS) BEFORE TAX AND EXTRA ORDINERY ITEM		(0.230)	(0.078)	0.000
Less	Extra Ordinary Items		0.000	0.000	0.000
Less	TAX		0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX		(0.230)	(0.078)	0.000
	Earnings/ (Loss) Per Share (Rs.)		(23.00)	(7.80)	0.000

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(2875.00)	(7800.00)	0.000
Operating Profit Margin (PBIDT/Sales)	(%)	(2875.00)	(7800.00)	0.000
Return on Total Assets (PBT/Total Assets}	(%)	(3.83)	(1.36)	0.00
Return on Investment (ROI) (PBT/Networth)		1.06	(5.57)	0.00
Debt Equity Ratio (Total Debt /Networth)		(42.55)	598.07	56.12
Current Ratio (Current Asset/Current Liability)		1.12	1.25	137.56

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	0.100	0.100	0.100
Reserves & Surplus	0.000	(0.086)	(0.316)
Net worth	0.100	0.014	(0.216)
long-term borrowings	5.612	8.373	9.191
Short term borrowings	0.000	0.000	0.000
Total borrowings	5.612	8.373	9.191
Debt/Equity ratio	56.120	598.071	(42.551)

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Operating Income	0.001	0.008
		700.000

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Operating Income	0.001	0.008
Profit/Loss	(0.078)	(0.230)
	(7800.00%)	(2875.00%)

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	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	No
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 “C-14, NEW BRIJ PURI, KHURAJI, DELHI-110051, India” to the present address w.e.f. 01.02.2012.

Unsecured Loan	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
Long-term Borrowings
Loans and advances from related parties	9.191	8.373
Total	9.191	8.373

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 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.62.15
UK Pound	1	Rs.94.72
Euro	1	Rs.70.33

INFORMATION DETAILS

Information Gathered by :	DPA
Analysis Done by :	SUC
Report Prepared by :	MTN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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		11

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.