MIRA INFORM REPORT

Report No. :	308237
Report Date :	18.02.2015

IDENTIFICATION DETAILS

Name :	MAHAVIR COMMERCIAL PRIVATE LIMITED
Registered Office :	62A, Hazra Road, Kolkata – 700019, West Bengal
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	29.07.2006
Com. Reg. No.:	21-111029
Capital Investment / Paid-up Capital :	Rs. 2.885 Millions
CIN No.: [Company Identification No.]	U51109WB2006PTC111029
IEC No.:	0210020024
TIN No.:	27690810149
TAN No.: [Tax Deduction & Collection Account No.]	CALM11374G
PAN No.: [Permanent Account No.]	AAECM7550Q
Legal Form :	Private Limited Liability Company
Line of Business :	Supplier and Distributor of Petroleum Resin, Coumarone Indene Resin, Styrene Block Copolymers, Styrene Butadiene Rubber, etc.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Maximum Credit Limit :	USD
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small company having moderate track record. Its scale of activities are limited. The company seems to have incurred loss for the current year as there has been slight dip in reserves. However, general position of the company seems to be fair. Trade relations are fair. Business is active. Payments are reported to be slow but correct. 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

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 DECLINED BY

Name :	Mr. Vikas Sharma
Designation :	Manager
Contact No.:	91-9821799621
Date :	16.02.2015

LOCATIONS

Registered Office :	62A, Hazra Road, Kolkata – 700019, West Bengal, India
Tel. No. :	91-33-24759901
Mobile No. :	91-9821799621 (Mr. Vikas Sharma)
Fax No. :	Not Available
E-Mail :	contact@ammaglobal.com mahavircommercial@gmail.com
Warehouse :	Shree Storage, Jairam Compound, Opposite Rahnal Bus Stop, Village Rahnal, Thane-Bhiwandi Road, Mumbai, Maharashtra, India
Corporate Office :	Ansal Towers, 4^th Floor, No. 40/38, Nehru Nagar, New Delhi – 110019, India
Tel. No.:	91-11-26412142
Mumbai Branch Office:	28, Mumbai Samachar Marg, 3^rd Floor, Fort, Mumbai – 400023, Maharashtra, India
Tel. No.:	91-22-22654533

DIRECTORS

As on 30.09.2014

Name :

Mr. Arun Kumar Pasari

Designation :

Director

Address :

14, Shakespeare Sarani, Kolkata – 700071, West Bengal, India

Date of Birth/Age :

05.09.1949

Date of Appointment :

10.09.2009

DIN No. :

00712522

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	U27109AS1987PLC002658	SHIV SHAKTI TUBES AND INDUSTRIES LIMITED	Director	24-02-1987	24-02-1987	17-01-2009	Active	NO
2	U51109WB2006PTC111029	MAHAVIR COMMERCIAL PRIVATE LIMITED	Director	10-09-2009	10-09-2009	-	Active	NO
3	AAB-0577	DIVYAARAV COMMERCIAL UDYOG LLP	Designated Partner	09-08-2012	09-08-2012	-	Active	NO

Name :

Mr. Anant Pasari

Designation :

Director

Address :

14, Shakespeare Sarani, Kolkata – 700071, West Bengal, India

Date of Birth/Age :

27.10.1981

Date of Appointment :

10.09.2009

DIN No. :

01444920

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	U74140WB1981PLC033899	VISHWA INDUSTRIAL CO LTD	Director	01-03-2007	01-03-2007	29-09-2009	Active	NO
2	U70101WB2004PTC097657	SANGKAJ REALTORS PRIVATE LIMITED	Director	20-05-2009	20-05-2009	20-06-2014	Active	NO
3	U51109WB2006PTC111029	MAHAVIR COMMERCIAL PRIVATE LIMITED	Director	10-09-2009	10-09-2009	-	Active	NO
4	U74900WB2012PTC188602	MAN ECO PRODUCTS PRIVATE LIMITED	Director	26-11-2012	26-11-2012	08-12-2014	Active	NO

KEY EXECUTIVES

Name :	Mr. Vikas Sharma
Designation :	Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Arun Kumar Pasari	142500	49.39
Pushpa Pasari	56000	19.41
Varalika Pasari	40000	13.86
Anant Pasari	50000	17.33
Total	288500	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 :	Supplier and Distributor of Petroleum Resin, Coumarone Indene Resin, Styrene Block Copolymers, Styrene Butadiene Rubber, etc.
Products :	· Petroleum Resin · Coumarone Indene Resin · Intermix Glass Beads · Gum Rosin · Titanium Dioxide, etc.
Brand Names :	--
Agencies Held :	--
Exports :	--
Imports :	--
Terms :	--

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Since How Long Known:	Not Divulged
Maximum Limit Dealt:	Not Divulged
Experience :	Not Divulged
Remarks :	Not Divulged

Customers :

Reference:	Not Divulged
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Since How Long Known:	Not Divulged
Maximum Limit Dealt:	Not Divulged
Experience :	Not Divulged
Remarks :	Not Divulged

No. of Employees :

Not Divulged

Bankers :

· Citi Bank, 41, Chowringhee Road, Kolkata – 700071, West Bengal, India

Account No.: 0005053331

· HDFC Bank Limited

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)
LONG TERM BORROWINGS
Secured Loan – Auto Loan (From HDFC Bank Limited)	0.464
Total	0.464

Banking Relations :	--
Auditors :
Name :	Moonka and Associates Chartered Accountants
Address :	88, Charu Chandra Singha Lane, 3^rd Floor, Howrah – 711101, West Bengal, India
Income-tax PAN of auditor or auditor's firm :	AEIPM6260L
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
290,000	Equity Shares	Rs.10/- each	Rs. 2.900 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
288,500	Equity Shares	Rs.10/- each	Rs. 2.885 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	2.885	2.885	2.885
(b) Reserves & Surplus	25.410	26.357	26.181
(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)	28.295	29.242	29.066
(3) Non-Current Liabilities
(a) long-term borrowings	8.931	3.164	0.500
(b) Deferred tax liabilities (Net)	0.000	0.013	0.004
(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)	8.931	3.177	0.504
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.070	0.851	0.208
(c) Other current liabilities	0.338	0.276	0.043
(d) Short-term provisions	0.171	0.561	0.492
Total Current Liabilities (4)	0.579	1.688	0.743
TOTAL	37.805	34.107	30.313
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2.256	1.549	0.280
(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	14.322	15.221	14.411
(c) Deferred tax assets (net)	0.055	0.000	0.000
(d) Long-term Loan and Advances	7.963	5.371	6.078
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	24.596	22.141	20.769
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	4.535	3.828	5.646
(c) Trade receivables	6.906	6.071	2.098
(d) Cash and cash equivalents	1.028	0.862	0.653
(e) Short-term loans and advances	0.740	1.205	1.147
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	13.209	11.966	9.544
TOTAL	37.805	34.107	30.313

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	30.000 (Approx.)	NA	NA
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX		NA	0.254	0.851
Less	TAX		NA	0.078	0.263
	PROFIT/ (LOSS) AFTER TAX		NA	0.176	0.588
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	1.116	0.528
	BALANCE CARRIED TO THE B/S		NA	1.292	1.116
	EARNINGS IN FOREIGN CURRENCY		NA	0.015	0.118
	Earnings / (Loss) Per Share (Rs.)		NA	0.61	2.04

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	NA	1.34	5.35
Return on Investment (ROI) (PBT/Networth)		NA	0.01	0.03
Debt Equity Ratio (Total Debt/Networth)		0.32	0.11	0.02
Current Ratio (Current Asset/Current Liability)		22.81	7.09	12.85

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	2.885	2.885	2.885
Reserves & Surplus	26.181	26.357	25.410
Net worth	29.066	29.242	28.295
long-term borrowings	0.500	3.164	8.931
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.500	3.164	8.931
Debt/Equity ratio	0.017	0.108	0.316

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 one year	Yes
12]	Profitability for last two 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	No
18]	Major customers	No
19]	Payments terms	No
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	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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. In Millions)
LONG TERM BORROWINGS
Unsecured Loan from Directors	2.700
Total	2.700

CHANGE OF ADDRESS

The registered office of the company has been shifted from 284B, BB Ganguly Street, Ground Floor, Kolkata – 700012, West Bengal, India to the present address w.e.f. 05.10.2009.

FIXED ASSETS

· Air Conditioner

· Computer

· Furniture and Fixtures

· Generator

· Printer

· Motor Car

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.96.00
Euro	1	Rs.71.00

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	SUC
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	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	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		30

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.