MIRA INFORM REPORT

Report No. :	304669
Report Date :	16.02.2015

IDENTIFICATION DETAILS

Name :	J K TECHNOLOGIES PRIVATE LIMITED
Registered Office :	KV-107, Pitampura, New Delhi – 110 034
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	20.10.2000
Com. Reg. No.:	55-108155
Capital Investment / Paid-up Capital :	Rs.0.180 Million
CIN No.: [Company Identification No.]	U72900DL2000PTC108155
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCJ3890P
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in business of manufacturing and hiring of containers and repair of computers etc.
No. of Employees :	30 (10 In Office + 20 In Factory) (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (12)

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 :	Temporary halt in its commercial activity
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Mr. Manish Nagpal (Director), claim that the company suffered a huge loss caused by fire in the premises. Due to this, company did not work in the financial year 2013-14. There is still no confirmation as to when the company will start its operations again. However, business is active as per the status shown in the registrar of companies. Payment terms are unknown. The company 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 –December, 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. Manish Nagpal
Designation :	Director
Contact No.:	91-9215606891
Date :	28.01.2015

LOCATIONS

Registered Office :	KV-107, Pitampura, New Delhi – 110 034
Tel. No.:	Not Available
Mobile No.:	91-9416006891/ 9215606891 (Mr. Manish Nagpal)
Fax No.:	Not Available
E-Mail :	manish@jkcontainerservices.com amitsehgalcs@gmail.com office.inderjeetgera@gmail.com jktmails@gmail.com
Website :	www.jktecnology.in
Location :	Owned
Branch Office 1 :	E-502, Plot No.13, Sector-22, Dwarka, New Delhi – 110045, India
Tel No.:	91-180-6451104
Fax No.:	91-180-4013095
Branch Office 2 / Factory / Warehouse :	VPO Dahar Gohana Road, Opposite Lord Shiva Collage, Panipat, Haryana, India
Location :	Owned

DIRECTORS

As on 30.09.2014

Name :

Mr. Manish Nagpal

Designation :

Director

Address :

79-L, Model Town, Panipat – 132 103, Haryana, India

Date of Birth/ Age :

24.04.1973

Date of Appointment :

20.10.2000

Qualification :

M. Com

PAN No.:

AAHPN7663B

DIN No.:

00472083

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	U72900DL2000PTC108155	J K TECHNOLOGIES PRIVATE LIMITED	Director	20/10/2000	20/10/2000	-	Active	NO
2	U72200GJ2000PTC038437	GOOD EARTH TECHNOLOGIES PRIVATE LIMITED	Director	02/07/2007	02/07/2007	-	Active	NO

Name :

Ms. Shailja Nagpal

Designation :

Director

Address :

79-L, Model Town, Panipat – 132 103, Haryana, India

Date of Birth/ Age :

06.04.1975

Date of Appointment :

20.10.2000

Qualification :

B.Sc

PAN No.:

AEDPN2210G

DIN No.:

01753176

Name :

Mr. Sudesh Nagpal

Designation :

Director

Address :

79-L, Model Town, Panipat – 132 103, Haryana, India

Date of Birth/ Age :

31.12.1953

Date of Appointment :

20.10.2000

Qualification :

M. Com

PAN No.:

AEDPN2198B

DIN No.:

01753194

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Manish Nagpal	6510	36.15
Shailja Nagpal	8000	44.42
Sudesh Nagpal	3500	19.43
Total	18010	100.00

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in business of manufacturing and hiring of containers and repair of computers etc.
Products :	Storage Containers Shipping Containers Office Containers Portable Cabins Portable Toilets Portable Houses Bunk Houses Portable Pantry
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :
Products :	Raw Material
Countries :	China USA Singapore Malaysia Europe UK
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

• Bhel Bhawana
• CHDOC (Power Service)
• Comm. (Muncipal Corp.)
• Decolene Fibers Private Limited
• Ge India Industrial Priavte Limited
• UB Engg.
• Uhde India Private Limited
• Varha Infra Limited
• Karun Mont. School

Customers :

• Agni Bio-Power Engg. Private Limited
• EIL PNCP
• EIL PRAEP
• Rockwell Automatic India Private Limited
• Shreenath Eleva
• UB Engineering

No. of Employees :

30 (10 In Office + 20 In Factory) (Approximately)

Bankers :

Banker Name	State Bank of India
Branch Address	G.T. Road, Panipat – 132 103, Haryana, 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)	CC Rs. 2.000 Millions
Account Operation	Not Divulged
Remarks (If any)	--

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
SHORT TERM BORROWINGS
SBI C/C A/C	(1.116)	0.472
Total	(1.116)	0.472

Auditors :
Name :	Inderjeet Gera and Company Chartered Accountants
Address :	320-L, Model Town, Panipat – 132 103, Haryana, India
Tel. No. :	91-180-4022798 / 2652380
PAN No. :	ABTPG1053H
Memberships :	--
Collaborators :	--
Associates / Subsidiaries :	Name : J.K. Container Services Address : KV-107 Pitampura, New Delhi – 110 034, India Line of Business: Manufacturer of Containers.

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs.1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
18010	Equity Shares	Rs.10/- each	Rs.0.180 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	0.180	0.180	0.180
(b) Reserves & Surplus	5.974	5.454	4.885
(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)	6.154	5.634	5.065
(3) Non-Current Liabilities
(a) long-term borrowings	1.050	0.469	0.695
(b) Deferred tax liabilities (Net)	0.048	0.100	0.169
(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)	1.098	0.569	0.864
(4) Current Liabilities
(a) Short term borrowings	(1.116)	0.472	0.000
(b) Trade payables	11.699	6.578	5.138
(c) Other current liabilities	1.672	0.625	0.077
(d) Short-term provisions	0.400	0.055	0.131
Total Current Liabilities (4)	12.655	7.730	5.346
TOTAL	19.907	13.933	11.275
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	5.462	5.847	6.294
(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	5.462	5.847	6.294
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	11.196	3.968	1.650
(c) Trade receivables	2.103	2.715	0.918
(d) Cash and cash equivalents	0.345	0.667	1.717
(e) Short-term loans and advances	0.460	0.335	0.135
(f) Other current assets	0.341	0.401	0.561
Total Current Assets	14.445	8.086	4.981
TOTAL	19.907	13.933	11.275

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income		296.611	12.016
		Other Income		NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL		NA	NA
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION			1.467	1.045
Less	FINANCIAL EXPENSES			0.072	0.023
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		NA	1.395	1.022
Less/ Add	DEPRECIATION/ AMORTISATION			0.565	0.836
	PROFIT/ (LOSS) BEFORE TAX			0.830	0.186
Less	TAX			0.330	0.131
	PROFIT/ (LOSS) AFTER TAX		NA	0.500	0.055
	Earnings / (Loss) Per Share (Rs.)		--	27.76	3.05

Expected Sales (2014-2015): Rs.60.000 Millions

The above information has been parted by Mr. Manish Nagpal

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	NA	0.17	0.46
Operating Profit Margin (PBDIT/ Sales)	(%)	NA	0.49	8.70
Return on Total Assets (PBT/Total Assets}	(%)	NA	5.96	1.65
Return on Investment (ROI) (PBT/Networth)		NA	0.15	0.04
Debt Equity Ratio (Total Debt/Networth)		(0.01)	0.17	0.14
Current Ratio (Current Asset/Current Liability)		1.14	1.05	0.93

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	0.180	0.180	0.180
Reserves & Surplus	4.885	5.454	5.974
Net worth	5.065	5.634	6.154
long-term borrowings	0.695	0.469	1.050
Short term borrowings	0.000	0.472	(1.116)
Total borrowings	0.695	0.941	(0.066)
Debt/Equity ratio	0.137	0.167	(0.011)

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 two years	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG TERM BORROWINGS
Other loans and advance	1.050	0.469
Total	1.050	0.469

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10386429	21/09/2012	4,000,000.00	STATE BANK OF INDIA	G T ROAD, PANIPAT, Haryana - 132103, INDIA	B62063219
2	90049509	26/12/2002	135,000.00	STATE BANK OF INDIA	MODEL TOWN, PANIPAT, Haryana, INDIA	-

FIXED ASSETS

œ Air Conditioner

œ AQUA Guard

œ Audio System

œ Camera

œ Car

œ Computer

œ Cycle

œ EPBAX

œ Fax Machine

œ Furniture

œ Inverter

œ LCD

œ Mobile Phone

œ Projector

œ Portable Cabin

œ Refrigerator

œ Telephone

œ Tractor Trailer

œ TV

œ Vacuumed Cleaner

œ R.O

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.62.14
UK Pound	1	Rs.95.78
Euro	1	Rs.71.05

INFORMATION DETAILS

Information Gathered by :	SNJ
Analysis Done by :	SUM
Report Prepared by :	ANK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	--
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
-- PROFITABILITY	1~10	--
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	2
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		12

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.