MIRA INFORM REPORT

Report No. :	308850
Report Date :	24.02.2015

IDENTIFICATION DETAILS

Name :	SEKISUI DLJM MOLDING PRIVATE LIMITED
Registered Office :	2662, 1st Floor, Sadar Thana Road, Sadar Bazar, Delhi – 110006
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	10.05.2011
Com. Reg. No.:	55-218912
Capital Investment / Paid-up Capital :	Rs. 1.000 Million
CIN No.: [Company Identification No.]	U25200DL2011PTC218912
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELS44877A
PAN No.: [Permanent Account No.]	AAPCS7814N
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Automobile Components.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

B (32)

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

Maximum Credit Limit :	USD 900000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. As per registrar of companies the date of balance sheet (i.e. financial file) is shown as 31.03.2014 but the document related to the financial for the 2014 could not be made available from any source. As per available financial record of 2013, the rating is constrained on account of company’s moderate financial risk profile and losses that company has incurred from its operational activities. However, 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

Rating Agency Name	CRISIL
Rating	Long Term Rating = BBB-
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	January 14, 2015

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. G.K. Sharma
Designation :	Account Manager
Contact No.:	91-9999980367
Date :	19.02.2015

LOCATIONS

Registered Office :	2662, 1st Floor, Sadar Thana Road, Sadar Bazar, Delhi – 110006, India
Tel. No.:	Not Available
Mobile No.:	91-9999980367 [Mr. G. K. Sharma]
Fax No.:	Not Available
E-Mail :	2009max18@gmail.com 2009max18@indiatimes.com admin.gn@sekisuidljm.com
Website :	http://www.sekisuichemical.com http://www.sekisuidljm.com
Head Office :	D-55, Phase II, Extn., Noida - 201305, Uttar Pradesh, India
Tel. No.:	91-120-3042004
Fax No.:	91-120-3042010
Unit I :	Plot No. 237-238 and 257-258, Ecotech-I Extension, Greater Noida, Uttar Pradesh, India
Tel. No.:	91-120-2341215/ 216/ 217
Unit II :	Plot No. SPIA -1, Tapukara industrial Area, Bhiwadi-II, Alwar, Rajasthan, India
Unit III :	SEDM Chennai, Tamilnadu, India

DIRECTORS

As on 30.09.2014

Name :

Mr. Dev Bhushan Jain

Designation :

Director

Address :

128, Veer Nagar, Jain Colony, Delhi – 110007, India

Date of Birth/Age :

12.12.1956

Date of Appointment :

29.09.2012

DIN No.:

01620467

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	L18101DL1984PLC019725	JAYPEE SPINTEX LIMITED	Director	31/12/1984	31/12/1984	-	Active	NO
2	U74899DL1993PTC054183	JAYPEE TECHNOPLAST PRIVATE LIMITED	Director	24/06/1993	24/06/1993	02/09/2014	Active	NO
3	U74899DL1984PTC019552	DIPTY LAL JUDGE MAL PRIVATE LIMITED	Whole-time director	01/09/2009	01/04/2000	-	Active	NO
4	U18101DL2004PTC130868	KAY FASHIONS PRIVATE LIMITED	Director	30/09/2011	03/05/2011	-	Active	NO
5	U25200DL2011PTC218912	Sekisui DLJM Molding Private Limited	Director	29/09/2012	11/06/2011	-	Active	NO

Name :

Mr. Yogesh Jain

Designation :

Director

Address :

H-142, Phase I, Ashok Vihar, Delhi – 110052, India

Date of Birth/Age :

14.10.1974

Date of Appointment :

29.09.2012

DIN No.:

01629190

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	U25209DL2006PTC149500	DLJM TECHNOPLAST PRIVATE LIMITED	Director	04/06/2006	04/06/2006	-	Active	NO
2	U74899DL1984PTC019552	DIPTY LAL JUDGE MAL PRIVATE LIMITED	Director	30/09/2011	21/05/2011	-	Active	NO
3	U25200DL2011PTC218912	Sekisui DLJM Molding Private Limited	Director	29/09/2012	26/09/2011	-	Active	NO
4	U25209DL2006PTC149540	VEGA TECHNOPLAST PRIVATE LIMITED.	Director	01/03/2014	01/03/2014	-	Active	NO
5	U25202DL2006PTC151570	PRISM ELECTROPLAST PRIVATE LIMITED.	Director	01/03/2014	01/03/2014	-	Active	NO
6	U25190DL2014PTC269365	JAIN PLAST PRIVATE LIMITED	Director	24/07/2014	24/07/2014	-	Active	NO

Name :

Joji Horii

Designation :

Director

Address :

14-21, Kita Tomigaoka, 3-Chome, Nara Prefecture Nara City Japan

Date of Birth/Age :

19.10.1962

Date of Appointment :

10.07.2014

DIN No.:

03554554

Name :

Tadahiko Yoshioka

Designation :

Director

Address :

H. No. A-321, 1^st Floor, Defence Colony, New Delhi – 110024, India

Date of Birth/Age :

09.12.1968

Date of Appointment :

30.09.2013

DIN No.:

06453137

KEY EXECUTIVES

Name :	Mr. G.K. Sharma
Designation :	Account Manager

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Dipty Lal Judge Mal Private Limited, India	49000	49.00
Sekisui Chemical Company Limited, Japan	51000	51.00
Total	100000	100.00

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	51.00
Bodies corporate	49.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Automobile Components.
Products :	Automobile Components
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cash and Credit (30/60/90 Days)
Purchasing :	Cash and Credit (30/60/90 Days)

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 :

Information declined by the management.

Bankers :

Banker Name	Bank of Baroda
Branch Address	Sadar Bazar, Delhi, 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)	Cash Credit = 279.000 Millions
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

SECURED LOANS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Term Loans
From Bank of Baroda	106.876	99.067
Other Loans and Advances
Auto Loan from Banks	0.149	0.683
SHORT TERM BORROWINGS
Other Loans and Advances
Cash Credit Facilities	27.400	25.071
Total	134.425	124.821

Auditors :
Name :	KNM and Associates Chartered Accountants
Address :	69, Sector 27, Gurgaon – 122002, Haryana, India
Tel. No.:	91-124-2564888
Mobile No.:	91-9711099333
Income-tax PAN of auditor or auditor's firm :	AAKFK8943J
Memberships :	Not Available
Collaborators :	Not Available
Holding Company :	Sekisui Chemical Company Limited, Japan
Fellow Subsidiaries :	Sekisui Techno Molding Company Limited, Japan
Associate Company :	· Dipty Lal Judge Mal Private Limited, India · Jaypee Autoplast · Jaypee Seiki Plastics Private Limited · Jaypee Cookeasy Private Limited · Jaypee Spintex Limited · Max Management Consultants Private Limited · Jayson Industries

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
110000	Equity Shares	Rs. 10/- each	Rs. 1.100 Millions

Issued, Subscribed & Paid-up Capital :

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

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1.000	1.000
(b) Reserves & Surplus	314.550	352.554
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	315.550	353.554
(3) Non-Current Liabilities
(a) long-term borrowings	335.407	99.750
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.357	0.119
Total Non-current Liabilities (3)	335.764	99.869
(4) Current Liabilities
(a) Short term borrowings	27.669	25.121
(b) Trade payables	78.829	35.290
(c) Other current liabilities	72.205	58.809
(d) Short-term provisions	2.048	1.444
Total Current Liabilities (4)	180.751	120.664
TOTAL	832.065	574.087
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	178.991	171.802
(ii) Intangible Assets	175.674	228.377
(iii) Capital work-in-progress	111.464	0.250
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	15.642	13.803
(e) Other Non-current assets	0.033	0.043
Total Non-Current Assets	481.804	414.275
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	34.026	33.585
(c) Trade receivables	66.102	46.396
(d) Cash and cash equivalents	20.944	1.079
(e) Short-term loans and advances	57.001	62.846
(f) Other current assets	172.188	15.906
Total Current Assets	350.261	159.812
TOTAL	832.065	574.087

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012
	SALES	707.727	309.330
Less	EXPENSES	664.241	320.570
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	43.486	(11.240)
Less/ Add	DEPRECIATION/ AMORTISATION	81.490	53.093
	PROFIT/ (LOSS) BEFORE TAX	(38.004)	(64.333)
Less	TAX	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	(38.004)	(64.333)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	(64.333)	0.000
	BALANCE CARRIED TO THE B/S	(102.337)	(64.333)
	EARNINGS IN FOREIGN CURRENCY
	Export Earnings	0.093	0.000
	TOTAL	0.093	0.000
	IMPORTS
	Raw Materials	1.670	0.000
	TOTAL	1.670	0.000
	Earnings/ (Loss) Per Share (Rs.)	(380.04)	(643.33)

Particulars	31.03.2014
Sales Turnover (Approximately)	900.000

Expected Sales (2014-2015) : Rs.1000.000 Millions

The above information has been parted by Mr. G.K.Sharma (Accounts Manager).

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	(5.37)	(20.80)
Return on Total Assets (PBT/Total Assets}	(%)	(5.27)	(11.21)
Return on Investment (ROI) (PBT/Networth)		(0.12)	(0.18)
Debt Equity Ratio (Total Debts/Networth)		1.15	0.35
Current Ratio (Current Asset/Current Liability)		1.94	1.32

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	1.000	1.000
Reserves & Surplus	352.554	314.550
Net worth	353.554	315.550
long-term borrowings	99.750	335.407
Short term borrowings	25.121	27.669
Total borrowings	124.871	363.076
Debt/Equity ratio	0.353	1.151

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Total Income	309.330	707.727
		128.794

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Total Income	309.330	707.727
Profit/ (Loss)	(64.333)	(38.004)
	(20.80%)	(5.37%)

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	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	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	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]	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	Yes

BACKGROUND

Sekisui DLJM Molding Private Limited the company was incorporated in india on May 10, 2011. The company is engaged in the business of manufacturing of automobile components.

OPERATIONS

The Company has incurred a Loss of Rs. 38.004 Millions as against the Loss of Rs. 64.333 Millions during the previous financial year. It is hoped that the Company would earn profits during the forthcoming years.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10547644	05/02/2015	50,000,000.00	The Hongkong and Shanghai Banking Corporation Limited	25, Barakhamba Road, New Delhi, Delhi - 110001, INDIA	C42806364
2	10547475	15/01/2015	152,000,000.00	The Hongkong and Shanghai Banking Corporation Limited	25, Barakhamba Road, New Delhi, Delhi - 110001, INDIA	C42705483
3	10547480	15/01/2015	152,000,000.00	The Hongkong and Shanghai Banking Corporation Limited	25, Barakhamba Road, New Delhi, Delhi - 110001, INDIA	C42709147
4	10303348	01/08/2011	840,000.00	Bank of Baroda	Sadar Bazar, Delhi, Delhi - 110006, INDIA	B19228998
5	10303347	24/12/2012 *	279,371,000.00	Bank of Baroda	Sadar Bazar, Delhi, Delhi - 110006, INDIA	B67938100

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Loans And Advances From Related Parties
Foreign Currency Loan from Sekisui Chemical Company Limited	228.382	0.000
SHORT TERM BORROWINGS
Deposit	0.269	0.050
Total	228.651	0.050

FIXED ASSETS

· Land-Freehold

· Buildings

· Plant and Machinery

· Genset

· Mould

· Electrical Industrial

· Tools and Equipment

· Furniture and Fixture

· Bins and Crates

· Vehicles

· Office Equipment

· Electrical Civil

· Fire Fighting Equipment

· Trollies

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.62.18
UK Pound	1	Rs.95.70
Euro	1	Rs.70.75

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	KAR
Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	---
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--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		32

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.