MIRA INFORM REPORT

Report No. :	302000
Report Date :	08.01.2015

IDENTIFICATION DETAILS

Name :	PRESSURE AND PROCESS BOILERS PRIVATE LIMITED
Registered Office :	SCO-106, Sector-47C, Chandigarh – 160047
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	03.06.2013
Com. Reg. No.:	16-034518
Capital Investment / Paid-up Capital :	Rs. 1.260 Millions
CIN No.: [Company Identification No.]	U29200CH2013PTC034518
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Boilers.
No. of Employees :	45 (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

Maximum Credit Limit :	USD 1000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was established as proprietary concern during February 2010 with the name of “PRESSURE AND PROCESS BOILER”. Later it got converted in to private limited company on 3^rd June 2013 with the name of “PRESSURE AND PROCESS BOILER PRIVATE LIMITED”. It is having a moderate track record. Mr. Rahu Malhotra, director has provided general information to us and claimed that subject has started its business operation in private limited company from November 2013. As per latest financial record of 2014, the company has incurred loss 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 dealing 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 – 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

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. Rahul Malhotra
Designation :	Director
Contact No.:	91-132-2765407
Date :	06.01.2015

LOCATIONS

Registered Office :	SCO-106, Sector-47C, Chandigarh – 160047, India
Tel. No.:	91-172-6530893
Fax No.:	Not Available
E-Mail :	sachin_jain75@yahoo.co.in
Factory :	Behind ITI, Manohar Pur, Industrial Area, Delhi Road, Saharanpur – 247001, Uttar Pradesh, India
Tel No.:	91-132-2765407

DIRECTORS

AS ON 30.09.2014

Name :

Rahul Malhotra

Designation :

Director

Address :

Ahmed Bagh, Delhi Road, Delhi Road, Saharanpur – 247001, Uttar Pradesh, India

Date of Birth/Age :

25.09.1978

Date of Appointment :

03.06.2013

DIN No.:

02098781

Name :

Rohini Malhotra

Designation :

Director

Address :

H. No. 1408/1, Chander Nagar, Khand – 1, Shahranpur – 247001, Uttar Pradesh, India

Date of Birth/Age :

03.09.1979

Date of Appointment :

03.06.2013

DIN No.:

06519451

Name :

Gurprit Singh

Designation :

Director

Address :

H.No.1, Phase-3A, Sas Nagar, Mohali, Punjab, India

Date of Birth/Age :

07.03.1978

Date of Appointment :

03.06.2013

DIN No.:

06519459

Name :

Gajendra Mohan

Designation :

Director

Address :

1101, Sector-70, Mohali, Punjab, India

Date of Birth/Age :

11.12.1973

Date of Appointment :

03.06.2013

DIN No.:

05345854

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	U70100DL2011PTC226066	SURENDRA ASSOCIATES PRIVATE LIMITED	Director	01/08/2012	01/08/2012	-	Active	NO
2	U29200CH2013PTC034518	PRESSURE AND PROCESS BOILERS PRIVATE LIMITED	Director	03/06/2013	03/06/2013	-	Active	NO
3	U45201DL2013PTC261516	KOSHER REALHOME PRIVATE LIMITED	Director	03/12/2013	03/12/2013	-	Active	NO

Name :

Mrs. Sweety Malhotra

Designation :

Director

Address :

Dr. Bhopal Singh Road, Meerut - 250001

Date of Birth/Age :

18.02.1951

Date of Appointment :

03.06.2013

DIN No.:

06519453

Name :

Mrs. Hem Lata Gupta

Designation :

Director

Address :

Dr. Bhopal Singh Road, Meerut – 250001

Date of Birth/Age :

02.12.1947

Date of Appointment :

03.06.2013

DIN No.:

05219141

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	U70102UP2012PTC049735	GANPATI INFRA HOMES PRIVATE LIMITED	Director	04/04/2012	04/04/2012	-	Active	NO
2	U29200CH2013PTC034518	PRESSURE AND PROCESS BOILERS PRIVATE LIMITED	Director	03/06/2013	03/06/2013	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Rahul Malhotra	29500	23.41
Rohini Malhotra	4500	3.57
Gurprit Singh	39000	30.95
Gajendra Singh	49000	38.89
Hemlata Gupta	3000	2.38
Sweety Malhotra	1000	0.79
Total	126000	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 :	Manufacturer and Exporter of Boilers.
Products :	Boilers
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Boilers
Countries :	Pakistan
Imports :	Not Divulged
Terms :
Selling :	Cash and L/C
Purchasing :	Cash and L/C

GENERAL INFORMATION

Suppliers :

Reference :	Shivdas and Sons – New Delhi, India
Name of the Person :	Mr. Mukesh
Contact No.:	91-9999020802
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Remark :	Constantly Ringing

Customers :

Reference :	Chandigarh distelary and botlers limimted – Punjab, India
Name of the Person :	Mr. Rupesh Gupta (President)
Contact No.:	91-9501001139
Since How Long Known :	4 Years
Experience :	Good
Maximum Limit Dealt :	Not Divulged
Remark :	As claimed by Mr. Rupesh they had good experience with subject company.

• SCI India Limited
• J R Solvex
• Sainsons Paper India Limited
• Siddhi Vinayak Agro Industries (Private) Limited
• Amla Agro Industries
• Gemco Energy Limited
• Agni Bio-Power Energy Private Limited
• Centurian Rubber
• R.R. Food Products India Private Limited
• Kashinath Gulucose Private Limited
• Abhi Agaro Private Limited
• Ganga Diary
• Rama Pashu Ahar
• Cheema Frozen Foods
• M.S Slovenet
• Agrich Foods
• Bhandari Deepak Industries Limited
• Shri Ram Solvent Extractions Private Limited
• Shri Luxmi Cotsyn Limited
• D B Shapriya Const. Limited
• A 2 Z Group

No. of Employees :

45 (Approximately)

Bankers :

Banker Name	Punjab and National Bank
Branch Address	Delhi Road, Sharanpur, Delhi, India
Person Name (With Designation)	Mr. Ajay Agarwal (Manager)
Contact Number	91-8171979182
Name of Account Holder	Pressure and Process Boilers Private Limited
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)	As claimed by Mr. Ajay that subject company is having good track record.

• Union Bank of India Limited, Delhi Road, Saharanpur, Delhi, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. in Millions)
SHORT TERM BORROWINGS
Working Capital Loan Union Bank of India	1.333
Total	1.333

Auditors :
Name :	ASN and Associates Chartered Accountants
Address :	A-27, Vasant Vihar, Delhi Road, Saharanpur, Uttar Pradesh, India
PAN No.:	AAVFA3208N
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AFTER 30.09.2014

Authorised Capital : Rs. 2.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 1.610 Millions

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
200,000	Equity Shares	Rs. 10/- each	Rs. 2.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
126,000	Equity Shares	Rs. 10/- each	Rs. 1.260 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1.260
(b) Reserves & Surplus	(0.729)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.531
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.018
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.018
(4) Current Liabilities
(a) Short term borrowings	1.333
(b) Trade payables	25.715
(c) Other current liabilities	33.108
(d) Short-term provisions	0.088
Total Current Liabilities (4)	60.244
TOTAL	60.793
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2.639
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.048
Total Non-Current Assets	2.687
(2) Current assets
(a) Current investments	0.000
(b) Inventories	26.364
(c) Trade receivables	16.531
(d) Cash and cash equivalents	1.505
(e) Short-term loans and advances	9.763
(f) Other current assets	3.943
Total Current Assets	58.106
TOTAL	60.793

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014
	GROSS RECEIPT		32.184
Less	EXPENSES
		TOTAL	NA
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(0.443)
Less	INTEREST		0.111
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		(0.554)
Less/ Add	DEPRECIATION/ AMORTISATION		0.157
	PROFIT/ (LOSS) BEFORE TAX		(0.711)
Less	TAX		0.000
	PROFIT/ (LOSS) AFTER TAX		(0.711)
	Earnings / (Loss) Per Share (Rs.)		(5.64)

KEY RATIOS

PARTICULARS		31.03.2014
Return on Total Assets (PBT/Total Assets}	(%)	(1.17)
Return on Investment (ROI) (PBT/Networth)		(1.34)
Debt Equity Ratio (Total Liability/Networth)		2.51
Current Ratio (Current Asset/Current Liability)		0.96

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 one year	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	Yes
18]	Major customers	Yes
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	Yes
25]	Conduct of the banking account	Yes
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

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10474969	10/12/2013	3,000,000.00	UNION BANK OF INDIA LIMITED	NEW AWAS VIKAS COLONY, DELHI ROAD, SAHARANPUR, Uttar Pradesh - 247001, INDIA	B95243309

FIXED ASSETS

• Air Conditioner
• Aqua Guard
• Computer
• Furniture and Fixture
• Plant and Machinery
• Tools and Tackles
• Mobile Phones

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. 63.39
UK Pound	1	Rs. 96.72
Euro	1	Rs. 75.80

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	KAR
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

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