MIRA INFORM REPORT

Report No. :	301544
Report Date :	05.01.2015

IDENTIFICATION DETAILS

Name :	INDO GERMAN INTERNATIONAL PRIVATE LIMITED
Registered Office :	8-B, Sagar Apartments, 6, Tilak Marg, New Delhi – 110001
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	21.12.1994
Com. Reg. No.:	55-063676
Capital Investment / Paid-up Capital :	Rs. 38.975 Millions
CIN No.: [Company Identification No.]	U74899DL1994PTC063676
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACI3028D
Legal Form :	Private Limited Liability Company.
Line of Business :	Trader and exporter of iron steel and ferro alloys.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. The rating takes into consideration company’s sound operational risk profile and fair liquidity position of the company. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings at usual trade terms and conditions.

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.

LOCATIONS

Registered Office :	8-B, Sagar Apartments, 6, Tilak Marg, New Delhi – 110001, India
Tel. No.:	91-11-23382592/ 23782022/ 23387413
Fax No.:	91-11-23782806/ 23382232
E-Mail :	indogerm@del2.vsnl.net.in
Website :	http://www.somanigroup.com
Location :	Owned
Locality :	Commercial
Corporate Office :	7A, Sagar, 6Tilak Marg, New Delhi – 110001, India
Tel. No.:	91-11-23382592 / 23782022 / 23387413
Fax No.:	91-11-23782806 / 23382232
E-Mail :	enquiry@somanigroup.com
Head Office :	A-25, Sector 4, Noida – 201301, Uttar Pradesh, India
Tel. No.:	91-120-4542590

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Tarun Kumar Somani

Designation :

Director

Address :

B-430, New Friends Colony, New Delhi – 110005, India

Date of Birth/Age :

06.12.1960

Date of Appointment :

21.12.1994

PAN No.:

AHXPS9657H

DIN No.:

00011233

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	U74920DL1987PTC145225	NORTHERN EXIM PRIVATE LIMITED tfr. from kanpur to delhi	Director	10/12/1987	10/12/1987	-	Active	NO
2	U74899DL1994PTC063676	INDO GERMAN INTERNATIONAL PRIVATE LIMITED	Director	21/12/1994	21/12/1994	-	Active	NO
3	U74899DL1995PTC071554	INDO RUSSIAN INTERNATIONAL PRIVATE LIMITED	Director	09/08/1995	09/08/1995	-	Active	NO
4	U27104DL1996PTC081017	SOMANI KUTTNER INDIA PRIVATE LIMITED	Director	07/08/1996	07/08/1996	-	Active	NO
5	U74899DL1999PTC102567	INDO INVESTMENTS PRIVATE LIMITED	Director	26/11/1999	26/11/1999	-	Active	NO
6	U72200DL2000PLC108605	INDOIT REAL ESTATES LIMITED	Director	11/10/2001	11/10/2001	-	Active	NO
7	U74999DL2002PTC114185	INDO EDUCATION PRIVATE LIMITED	Director	13/02/2002	13/02/2002	-	Active	NO
8	U74140DL2002PTC113993	PRUDENT APARTMENTS PRIVATE LIMITED	Director	09/09/2003	09/09/2003	-	Active	NO
9	U45201DL2004PTC123949	NORTHERN REALTORS PRIVATE LIMITED	Director	08/01/2004	08/01/2004	-	Active	NO
10	U70109DL2004PTC130924	SOMANI HOUSING PRIVATE LIMITED	Director	02/12/2004	02/12/2004	-	Active	NO
11	U80301DL2006PLC147755	INDO MACQUARIE EDUCATION SERVICES LIMITED	Director	26/03/2006	26/03/2006	-	Active	NO
12	U40102DL2006PLC150604	INDO POWERTECH LIMITED	Director	06/07/2006	06/07/2006	09/07/2014	Active	NO
13	U15500DL2008PTC172652	UNI - COKE PRIVATE LIMITED	Director	15/01/2008	15/01/2008	-	Active	NO
14	U11200DL2009PTC187229	INDO MERCURIA INTERNATIONAL PRIVATE LIMITED	Director	04/02/2009	04/02/2009	-	Active	NO
15	U51101DL2009PTC196253	Somani Marketing Private Limited	Director	20/11/2009	20/11/2009	-	Active	NO
16	L80902DL1983PLC209722	EMERGENT GLOBAL EDU AND SERVICES LIMITED	Director	28/09/2010	31/03/2010	-	Active	NO
17	U51909DL2011PTC220671	Mechel Somani Carbon Private Limited	Director	09/06/2011	09/06/2011	-	Active	NO

Name :

Mr. Kurt Lausus

Designation :

Nominee Director

Address :

Waldhornweg – 2, D – 53773, Haveef, Germany

Date of Birth/Age :

23.03.1947

Date of Appointment :

12.02.2001

DIN No.:

01475343

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares
Tarun Kumar Somani	25
Northern Exim Private Limited, India	194863
Thyssen Krupp Mannex GMBH, Germany	194863
Total	389751

As on 30.09.3014

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	49.90
Bodies corporate	49.90
Directors or relatives of Directors	0.20
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and exporter of iron steel and ferro alloys.
Products :	Not Divulged
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS

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	Canara Bank
Branch Address	Overseas Branch, B – 39, Connaught Circus, New Delhi – 110001, 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

Facilities :

SECURED LOANS	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
SHORT TERM BORROWINGS
Term Loans from Banks	46.350	0.000
Total	46.350	0.000

Auditors :
Name :	Rajendra K Goel and Company Chartered Accountant
Address :	J-288, Ground Floor, Saket, New Delhi – 110007, India
Tel No.:	91-11-29551642/29555354
Fax No.:	91-11-29555036
Email :	rajendrakgoelco@gmail.com
Income-tax PAN of auditor or auditor's firm :	AAEFR3835Q
Memberships :	Not Divulged
Collaborators :	Not Divulged
Associate Parties:	Thyssen Krupp Mannex GmbH Northern Exim Private Limited Somani Kuttner India Private Limited Indo Russian International Private Limited Indo Investments Private Limited Indoit Real Estates Limited Indo International Trading FZCO. Upper India Estates Private Limited Meena Properties Private Limited Northern Realtors Private Limited Saatvik Housing Private Limited Prudent Apartments Private Limited Indo Education Private Limited Indo Macquarie Education Services Limited Indo Powertech Limited Amber Developers Private Limited Northern Trading Private Limited

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
400000	Equity Shares	Rs.100/- each	Rs.40.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
389751	Equity Shares	Rs.100/- each	Rs. 39.975 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	38.975	38.975	38.975
(b) Reserves & Surplus	75.126	71.459	68.716
(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)	114.101	110.434	107.691
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(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	1.299	1.185	1.136
Total Non-current Liabilities (3)	1.299	1.185	1.136
(4) Current Liabilities
(a) Short term borrowings	46.350	0.000	0.000
(b) Trade payables	53.427	1.917	5.089
(c) Other current liabilities	49.665	1.904	3.318
(d) Short-term provisions	4.984	2.205	2.532
Total Current Liabilities (4)	154.426	6.026	10.939
TOTAL	269.826	117.645	119.766
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.890	1.978	2.489
(ii) Intangible Assets	0.001	0.001	0.002
(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	1.500	1.500	1.500
(c) Deferred tax assets (net)	1.464	1.940	2.106
(d) Long-term Loan and Advances	0.325	5.641	6.000
(e) Other Non-current assets	0.000	0.116	0.112
Total Non-Current Assets	5.180	11.176	12.209
(2) Current assets
(a) Current investments	0.700	23.194	5.009
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	60.793	37.264	31.949
(d) Cash and cash equivalents	121.633	29.727	64.153
(e) Short-term loans and advances	77.751	14.885	2.156
(f) Other current assets	3.769	1.399	4.290
Total Current Assets	264.646	106.469	107.557
TOTAL	269.826	117.645	119.766

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	TOTAL INCOME	2567.160	940.820	1129.710
Less	TOTAL EXPENSES	2561.060	937.140	1126.340
	PROFIT/ (LOSS) BEFORE TAX	6.100	3.680	3.370
Less	TAX	2.430	0.940	0.590
	PROFIT/ (LOSS) AFTER TAX	3.670	2.740	2.780
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	52.990	50.250	47.470
	Balance Carried to the B/S	56.660	52.990	50.250
	EARNINGS IN FOREIGN CURRENCY	531.360	198.059	310.878
	Earnings / (Loss) Per Share (Rs.)	9.42	7.03	7.13

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	2.29	3.22	2.90
Return on Investment (ROI) (PBT/Networth)		0.05	0.03	0.03
Debt Equity Ratio (Total Debt /Networth)		0.41	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.71	17.67	9.83

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	38.975	38.975	38.975
Reserves & Surplus	68.716	71.459	75.126
Net worth	107.691	110.434	114.101
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	46.350
Total borrowings	0.000	0.000	46.350
Debt/Equity ratio	0.000	0.000	0.406

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	1129.710	940.820	2567.160
		(16.720)	172.864

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	1129.710	940.820	2567.160
Profit	2.780	2.740	3.670
	0.25%	0.29%	0.14%

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 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	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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

VIEW INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	90038654	13/01/2004	51,000,000.00	CANARA BANK	14; K.G. MARG, NEW DELHI, Delhi, INDIA	-
2	90037227	13/03/2014 *	150,000,000.00	Canara Bank	Overseas Branch, B-39, Connaught Circus, New Delhi, Delhi - 110001, INDIA	C00722413
3	90036539	01/05/2001	80,000,000.00	CANARA BANK	OVERSEAS BRANCH, 14; K.G. MARG, NEW DELHI, Delhi - 110001, INDIA	-

* Date of charge modification

FIXED ASSETS

• Furniture and fixtures
• Vehicles
• Office equipment

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. 63.28
UK Pound	1	Rs. 98.38
Euro	1	Rs. 76.30

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	TRU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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		42

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.