MIRA INFORM REPORT

Report Date :

02.01.2015

IDENTIFICATION DETAILS

Name :	POLESTAR TRADERS PRIVATE LIMITED
Registered Office :	Office No. 906, 9th Floor, Prasad Chamber, 719 Opera House, Swadeshi Mill Compound, Mumbai – 400004, Maharashtra
Country :	India
Date of Incorporation :	22.03.2013
Com. Reg. No.:	11-241273
Capital Investment / Paid-up Capital :	Rs.23.500 Millions
CIN No.: [Company Identification No.]	U51900MH2013PTC241273
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMP33173A
PAN No.: [Permanent Account No.]	AAHCP0804B
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Exporter of Ferrous and Non Ferrous Metals.
No. of Employees :	7 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (26)

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 an established company having moderate track record. Management of the company has not filed its financial with the government department since its incorporation. Mr. Manish, Accountant provided all information and also provided turnover figure but the financial re not verified. However, business is active. Payments terms are unknown. The company can be considered for business dealings with great 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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
Designation :	Accountant
Contact No.:	91-22-23636334
Date :	01.01.2015

LOCATIONS

Registered Office :	Office No. 906, 9th Floor, Prasad Chamber, 719 Opera House, Swadeshi Mill Compound, Mumbai – 400004, Maharashtra, India
Tel. No.:	91-22-23636334 / 33949851
Fax No.:	Not Available
E-Mail :	eximport2012@gmail.com polestartraders14@gmail.com
Website :
Area :	4000 Sq. Ft
Location :	Rented
Locality :	Commercial
Warehouse :	Godown No. 1288-99, Near Kedupada, Village, Kalamboli, Navi Mumbai – 410206, Maharashtra, India
Location :	Rented

DIRECTORS

Name :

Mr. Shantilal Ghisulal Jain Alias Sethia

Designation :

Director

Address :

407/408, 'A' Wing, Riviera Tower, Lokhandwala Complex, Kandivali (East), Mumbai - 400101, Maharashtra, India

Date of Birth/Age :

01.05.1970

Date of Appointment :

22.03.2013

DIN No.:

00327211

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	U70102MH1991PTC060924	BRIGHT STAR PROPERTIES PRIVA	Director	12/03/1994	12/03/1994	22/05/2008	Active	NO
2	U51398MH2003PTC142302	SETHIA GEMS PRIVATE LIMITED	Director	19/09/2003	19/09/2003	-	Active	NO
3	U65990MH1990PTC056174	SHUBHYOG HOLDINGS PRIVATE LIMITED	Additional director	26/06/2006	26/06/2006	22/05/2008	Active	NO
4	U70102MH1991PTC060925	TRIACE PROPERTIES PRIVA	Director	26/06/2006	26/06/2006	22/05/2008	Active	NO
5	U17291GJ2011PTC066085	NIRALI SYNTHETICS PRIVATE LIMITED	Director	14/02/2012	14/02/2012	-	Active	NO
6	U72900GJ2000PLC053903	ASHTAMANGAL PROJECTS LIMITED	Additional director	01/07/2012	01/07/2012	11/08/2014	Active	NO
7	U51900MH2013PTC241273	POLESTAR TRADERS PRIVATE LIMITED	Director	22/03/2013	22/03/2013	-	Active	NO

Name :

Mr. Manish Kumar Nathmal Babel

Designation :

Director

Address :

404-A, Ambica Darshan Apartment, Motikadia Sheri, Saiyedpura, Surat - 395003, Gujarat, India

Date of Birth/Age :

11.04.1978

Date of Appointment :

22.03.2013

DIN No.:

01302725

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	U36911GJ2007PTC050313	SANSKAR GEM PRIVATE LIMITED	Director	21/03/2007	21/03/2007	08/04/2010	Active	NO
2	U70109MH2008PTC184695	KD PRIME INFRA DEVELOPERS PRIVATE LIMITED	Director	14/08/2008	14/08/2008	12/02/2009	Active	NO
3	U72900GJ2000PLC053903	ASHTAMANGAL PROJECTS LIMITED	Additional director	01/07/2012	01/07/2012	11/08/2014	Active	NO
4	U51900MH2013PTC241273	POLESTAR TRADERS PRIVATE LIMITED	Director	22/03/2013	22/03/2013	-	Active	NO

Name :

Mr. Umesh Vrajlal Damania

Designation :

Director

Address :

3 Rajput Chl, Vakola Village, Santacruz (East), Mumbai - 400055, Maharashtra, India

Date of Birth/Age :

10.11.1965

Date of Appointment :

25.07.2013

DIN No.:

02139105

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	U51420MH2008PTC182172	SHARMA STEEL IMPEX PRIVATE LIMITED	Director	13/05/2008	13/05/2008	-	Active	Yes
2	U27106MH2008PTC182602	MAXX STEEL TRADING PRIVATE LIMITED	Director	23/05/2008	23/05/2008	-	Active	Yes
3	U74900MH2008PTC183362	TULSIANI TECHNOLOGIES PRIVATE LIMITED	Director	10/06/2008	10/06/2008	-	Active	Yes
4	U51900MH2008PTC187944	DAMANIA EXIM PRIVATE LIMITED	Director	04/11/2008	04/11/2008	-	Active	Yes
5	U51900MH2013PTC241273	POLESTAR TRADERS PRIVATE LIMITED	Director	25/07/2013	22/03/2013	-	Active	NO

Name :

Mr. Govindnarain Kedarnath Kakda

Designation :

Additional Director

Address :

603, B-3, Kamla Park, 60 Feet Road,, Bhayandar (West), Mumbai - 401101, Maharashtra, India

Date of Appointment :

19.06.2014

DIN No.:

06902617

KEY EXECUTIVES

Name :	Mr. Manish
Designation :	Accountant

MAJOR SHAREHOLDERS

As on 01.03.2013

Names of Shareholders	No. of Shares
Manish Kumar Nathmal Babel	4000
Shantilal Ghisulal Jain Alias Sethia	4000
Umesh Vrajlal Damania	2000
Total	10000

As on 22.09.2014

Names of Allottees	No. of Shares
Govindnarain Kedarnath Kakda	1500000
Total	1500000

As on 27.06.2013

Names of Allottees	No. of Shares
Pole Star Industries, India	840000
Total	840000

BUSINESS DETAILS

Line of Business :	Trader and Exporter of Ferrous and Non Ferrous Metals.
Products :	Ferrous and Non Ferrous Metals.
Brand Names :	--
Agencies Held :	--
Exports :
Products :	Ferrous and Non Ferrous Metals.
Countries :	Hong Kong
Imports :	Not Divulged
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :	Not Divulged
Customers :	Not Divulged
No. of Employees :	7 (Approximately)
Bankers :	Punjab National Bank, Sector-1, Vashi, Navi Mumbai - 400703, Maharashtra, India
Facilities :	--

Banking Relations :	--
Auditors :
Name :	Singhi Bikash and Associates Chartered Accountants
Memberships :	--
Collaborators :	--
Sister Concern :	Not Divulged

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	Rs.10/- each	Rs.30.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2350000	Equity Shares	Rs.10/- each	Rs.23.500 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

Particulars	31.03.2014
Sales Turnover (Approximately)	500.000

Expected Sales (2014-2015): Rs.750.000 Millions

The above information has been parted by Mr. Manish

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 one year	Yes
12]	Profitability for last one year	Yes
13]	Reasons for variation <> 20%	-----------
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
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	----------
027]	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 CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10436908	27/06/2013	15,000,000.00	Punjab National Bank	Sector-1, Vashi, Navi Mumbai, Maharashtra - 400703, India	B79652830
2	10436903	27/06/2013	80,000,000.00	Punjab National Bank	Sector-1, Vashi, Navi Mumbai, Maharashtra - 400703, India	B79651097

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.63.32
UK Pound	1	Rs.98.64
Euro	1	Rs.76.60

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	DIV
Report Prepared by :	VNT

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
--PROFITABILITY	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	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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.