MIRA INFORM REPORT

Report No. :	301107
Report Date :	16.02.2015

IDENTIFICATION DETAILS

Name :	JNT FIRE ENGINEERS PRIVATE LIMITED
Registered Office :	101, Bhagwati Apartments, Opposite Nahur Railway Station, Mumbai – 400 042, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	13.10.2008
Com. Reg. No.:	11-187464
Capital Investment / Paid-up Capital :	Rs.0.101 Million
CIN No.: [Company Identification No.]	U74999MH2008PTC187464
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMJ14182A
PAN No.: [Permanent Account No.]	AACCJ1147L
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Importer of Fire Protection Engineers Equipments and Other Related Materials.
No. of Employees :	14 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 300
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Mr. Hiren Gandhi (Admin Officer) has provided general information and denied to disclose the financial details about the subject to us. Management has failed to file the report for financial year 2013-14. However, trade relations seems to be fair. Business is active. Payment terms are reported to be unknown. 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 – 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

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 31-03-2012.

INFORMATION PARTED BY

Name :	Mr. Hiren Gandhi
Designation :	Admin Officer
Contact No.:	91-22-25668310
Date :	14.01.2015

LOCATIONS

Registered Office :	101, Bhagwati Apartments, Opposite Nahur Railway Station, Mumbai – 400 042, Maharashtra, India
Tel. No.:	91-22-25668310 / 25669310
Mobile No.:	91-9820920009 [Mr. Nilesh Gandhi]
Fax No.:	91-22-25668910
E-Mail :	gandhinilesh@rediffmail.com jineshpmota@rediffmail.com
Website :	http://www.jntfire.com
Area :	350 sq. ft.
Location :	Owned

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Nilesh Jivanchandra Gandhi

Designation :

Director

Address :

8, Rajshree Apartments, 39 Jagdusha Nagar, Ghatkopar (West), Mumbai – 400 086, Maharashtra, India

Date of Birth/Age :

23.12.1981

Qualification :

M.B.A.

Date of Appointment :

13.10.2008

Din No.:

01796522

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
1	U51909MH2006PTC161106	SAOMYA AGENCIES PRIVATE LIMITED	Director	13/04/2006	13/04/2006	-	Active
2	U74999MH2008PTC187464	JNT FIRE ENGINEERS PRIVATE LIMITED	Managing director	13/10/2008	13/10/2008	-	Active
3	U45202MH2010PTC210069	SAOMYA INFRA PRIVATE LIMITED	Director	15/11/2010	15/11/2010	-	Active
4	U45202MH2008PTC183937	SAOMYA SHELTERS PRIVATE LIMITED	Director	20/01/2011	20/01/2011	-	Active
5	U01403MH2008PTC181190	Classyagro Private Limited	Director	20/01/2011	20/01/2011	-	Active
6	U45202MH2008PTC185120	SAOMYA CREATORS PRIVATE LIMITED	Director	20/01/2011	20/01/2011	-	Active
7	U45202MH2008PTC183897	SCARLET CREATORS PRIVATE LIMITED	Director	20/01/2011	20/01/2011	-	Active
8	U45201MH2013PTC249343	LEOFORTUNE INFRABUILDTECH PRIVATE LIMITED	Nominee director	18/10/2013	18/10/2013	-	Active
9	AAC-0111	STELLAR LIFESCAPES LLP	Body corporate as Designated Partner	17/01/2014	17/01/2014	-	Active

Name :

Mr. Yashwant Madhav Joshi

Designation :

Director

Address :

B-402, Siddheshwar CHS, Siddheshwar Lane, Parnaka, Kalyan, Thane – 421 301, Maharashtra, India

Date of Birth/Age :

15.11.1955

Qualification :

Post Graduate

Date of Appointment :

13.10.2008

Din No.:

02056635

KEY EXECUTIVES

Name :	Mr. Hiren Gandhi
Designation :	Admin Officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders	No. of Shares	%age holding
Yashwant Madhav Joshi	5000	49.50
Nilesh Jivanchandra Gandhi	5000	49.50
Nilesh Jivanchandra Gandhi HUF	100	0.99
TOTAL	10100	100.00

AS ON 30.09.2013

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :	Trader and Importer of Fire Protection Engineers Equipments and Other Related Materials.
Products :	v CO2 Purging System v Fire Alarm System v Fire Fighting Equipment v Smoke Detection System
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :
Products :	Finished Goods
Countries :	United Kingdom Denmark Dubai China
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Suppliers :	Not Divulged
Customers :	End Users
No. of Employees :	14 (Approximately)
Bankers :	Bank of Baroda, Chunabhatti Branch, Mumbai, Maharashtra, India HDFC Bank, Ghatkopar, Mumbai, Maharashtra, India Oriental Bank of Commerce, Bhandup, Mumbai, Maharashtra, India
Facilities :	--

Banking Relations :	--
Auditors :
Name :	KDS and Company Chartered Accountants
Address :	178, Ground Floor, Chandreshwar Bhuvan, Sion Main Road, Sion (West), Mumbai-400022, Maharashtra, India
PAN No:	AAEFK6297R
Memberships :	--
Collaborators :	--
Company in which key managerial personnel and their relatives are able to exercise significant influence (Other related party):	Saomya Agency Private Limited Saomya Infra Private Limited Saomya Shelters Private Limited Carewell Infra Solutions Private Limited Butterfly Realty Private Limited Classyagro Private Limited Saomya Venture INC JNT Fire Engineer

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10100	Equity Shares	Rs.10/- each	Rs.0.101 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.101	0.101	0.100
(b) Reserves & Surplus	0.870	0.741	0.606
(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)	0.971	0.842	0.706
(3) Non-Current Liabilities
(a) long-term borrowings	0.055	0.830	0.534
(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)	0.055	0.830	0.534
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.428	1.217	1.544
(c) Other current liabilities	0.309	0.702	0.175
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	0.737	1.919	1.719
TOTAL	1.763	3.591	2.959
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.060	0.018	0.027
(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	0.060	0.018	0.027
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.347	1.038	2.425
(c) Trade receivables	0.029	1.194	(0.120)
(d) Cash and cash equivalents	0.503	0.632	0.058
(e) Short-term loans and advances	0.824	0.709	0.569
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	1.703	3.573	2.932
TOTAL	1.763	3.591	2.959

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	7.001	7.352	10.318
		Service Income	1.623	2.329	0.297
		Other Income	0.000	0.036	0.164
		TOTAL (A)	8.624	9.717	10.779
Less	EXPENSES
		Cost of Goods Sold	6.186	7.447	9.031
		Other Expenses	2.115	1.746	1.158
		TOTAL (B)	8.301	9.193	10.189
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.323	0.524	0.590
Less	FINANCIAL EXPENSES (D)		0.090	0.208	0.035
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.233	0.316	0.555
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.008	0.008	0.004
	PROFIT BEFORE TAX (E-F) (G)		0.225	0.308	0.551
Less	TAX (I)		0.000	0.000	0.000
	PROFIT AFTER TAX (G-I) (J)		0.225	0.308	0.551
	Earnings Per Share (Rs.)		22.32	30.48	55.05

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT / Sales)	(%)	3.21	4.19	5.34
Operating Profit Margin (PBIDT/Sales)	(%)	4.61	7.13	5.72
Return on Total Assets (PBT/Total Assets}	(%)	12.76	8.58	18.62
Return on Investment (ROI) (PBT/Networth)		0.23	0.37	0.78
Debt Equity Ratio (Total Debt/Networth)		0.06	0.99	0.76
Current Ratio (Current Asset/Current Liability)		2.31	1.86	1.71

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.100	0.101	0.101
Reserves & Surplus	0.606	0.741	0.870
Net worth	0.706	0.842	0.971
long-term borrowings	0.534	0.830	0.055
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.534	0.830	0.055
Debt/Equity ratio	0.756	0.986	0.057

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	10.318	7.352	7.001
		-28.746	-4.774

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	10.318	7.352	7.001
Profit	0.551	0.308	0.225
	5.34%	4.19%	3.21%

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	Yes
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)	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	No
30]	Major Shareholders, if available	Yes
31]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth 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 LOAN

Particular	As on 31.03.2013 [Rs. in Millions]	As on 31.03.2012 [Rs. in Millions]
Loan From Director
Nilesh Gandhi	0.000	0.000
Nilesh Gandhi HUF	0.000	0.076
Hiren Gandhi	0.052	0.755
TOTAL	0.052	0.831

INDEX OF CHARGES

No Charges Exist for Company

FIXED ASSETS

• Computer
• TV
• Pump
• Software

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

INFORMATION DETAILS

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

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--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	NO
--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		27

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.