MIRA INFORM REPORT

Report No. :	307710
Report Date :	18.02.2015

IDENTIFICATION DETAILS

Name :	GONGLU AGRO PRIVATE LIMITED
Registered Office :	New No.AH-11, Old No.AH-216, 2^nd Street, Shanthi Colony, Anna Nagar, Chennai – 600040, Tamilnadu
Country :	India
Financials (as on) :	Not Divulged
Date of Incorporation :	17.04.2013
Com. Reg. No.:	18-090649
Capital Investment / Paid-up Capital :	Rs. 230.000 Millions
CIN No.: [Company Identification No.]	U15500TN2013PTC090649
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
CST No.:	27560988943C
VAT No.:	27560988943V
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and trader of mango pulp, papaya pulp, tomato paste, frozen vegetables.
No. of Employees :	125 (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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a subsidiary of Capricorn Food Products India Limited. It is a relatively new company having moderate track record. Management of the company has not filed its financials with the government department since its incorporation. Mr. Ravindran (Accountant) provided general information and also confirmed that company commenced its operation from May 2014 However, the rating takes into consideration the corporate guarantee received by the company from its parent company. Trade relations are reported to be improving. Business is active. Payment terms are reported to be unknown. In view of strong holding support, 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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Term Loan BBB (SO)
Rating Explanation	Moderate degree of safety. It carry moderate credit risk.
Date	December, 2014

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 (GENERAL DETAILS)

Name :	Mr. Ravindran
Designation :	Accountant
Contact No.:	91-44-42281032
Date :	14.02.2015

LOCATIONS

Registered Office :	New No.AH-11, Old No.AH-216, 2^nd Street, Shanthi Colony, Anna Nagar, Chennai – 600040, Tamilnadu, India
Tel. No.:	91-44-42281032/42281020
Mobile No.:	91-9600064595 (Mr. Ravindran)
Fax No.:	91-44-43500864
E-Mail :	ravindran@capricorngroup.com
Website :	http://www.capricorngroup.com
Location :	Leased
Locality :	Residential
Factory :	207, 211, 213 Jaitapur Village, Chanwad Taluk, Nashik, Maharashtra,India
Tel. No.:	91-253-2417005
E-Mail :	nashik@capricorngroup.com

DIRECTORS

As on 17.04.2013

Name :

Mr. Rahul Jain

Designation :

Director

Address :

AH 216, 8^th Main Road, II Street Anna Nagar (west), Chennai-600040, Tamilnadu, India

Date of Birth/Age :

18.01.1973

Date of Appointment :

17.04.2013

DIN No.:

00004046

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	U14299TZ1984PTC001496	UNITED SILICATE INDUSTRIES PRIVATE LIMITED	Director	20/09/1996	20/09/1996	-	Amalgamated	NO
2	U15499TN1998PLC041231	CAPRICORN FOOD PRODUCTS INDIA LIMITED	Managing director	01/04/2009	08/10/1998	-	Active	NO
3	U24241PY1990PTC000668	KIRAN DET CHEMS ASIA PRIVATE LIMITED	Director	15/01/2006	15/01/2006	27/09/2012	Active	NO
4	U15400TN2011PLC081842	SHUCHI BEVERAGES LIMITED	Nominee director	09/08/2011	09/08/2011	-	Active	NO
5	U15500TN2013PTC090649	GONGLU AGRO PRIVATE LIMITED	Director	17/04/2013	17/04/2013	-	Active	NO
6	U15500TN2013PTC090842	FRESCO JUICES PRIVATE LIMITED	Director	30/04/2013	30/04/2013	-	Active	NO

Name :

Mrs. Suchi Jain

Designation :

Director

Address :

AH 216, 8^th Main Road, II Street Anna Nagar (west), Chennai-600040, Tamilnadu, India

Date of Birth/Age :

02.05.1977

Date of Appointment :

17.04.2013

DIN No.:

00013870

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	U15499TN1998PLC041231	CAPRICORN FOOD PRODUCTS INDIA LIMITED	Whole-time director	01/04/2010	08/10/1998	-	Active	NO
2	U15400TN2011PLC081842	SHUCHI BEVERAGES LIMITED	Director	09/08/2011	09/08/2011	-	Active	NO
3	U15500TN2013PTC090649	GONGLU AGRO PRIVATE LIMITED	Director	17/04/2013	17/04/2013	-	Active	NO
4	U15500TN2013PTC090842	FRESCO JUICES PRIVATE LIMITED	Director	30/04/2013	30/04/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ravidran
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 24.01.2014

Names of Allottees	No. of Shares
M/s. Capricon Food Products India Limited	1590000

BUSINESS DETAILS

Line of Business :	Manufacturer and trader of mango pulp, papaya pulp, tomato paste, frozen vegetables.
Products :	Mango Pulp Papaya Pulp Tomato Paste Frozen Vegetables
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :
Products :	Packing Machines
Countries :	Italy China
Terms :
Selling :	Cash and Cheque
Purchasing :	Cash and 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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Not Divulged
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 :

125 (Approximately)

Bankers :

Banker Name	State Bank of India
Branch Address	Leather and International Branch, "MVJ Towers", No.177/1, P. H. Road, Kilpauk,, Chennai - 600010, Tamil Nadu, 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 :	Not Divulged
Memberships :	Not Available
Collaborators :	Not Available
Sister concern :	Capricorn Food Product India Limited

CAPITAL STRUCTURE

As on 17.04.2013

Authorised Capital : Rs. 300.000 Millions

Issued, Subscribed & Paid-up Capital : Rs.230.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

NOT DIVULGED

The above information has been denied by Mr. Ravindran

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	No
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
12]	Profitability for last three years	No
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	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	No
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

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10483775	19/01/2015 *	689,200,000.00	State Bank of India	Leather & International Branch, 177, MVJ Towers,,  Poonamallee High Road, Chennai, Tamil Nadu - 6000  10, INDIA	C42594697

* Date of charge modification

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.62.20
UK Pound	1	Rs.95.99
Euro	1	Rs.71.00

INFORMATION DETAILS

Information Gathered by :	GAY
Analysis Done by :	DIV
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
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	2
--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	YES
--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.