MIRA INFORM REPORT

Report No. :	301765
Report Date :	09.01.2015

IDENTIFICATION DETAILS

Name :	STEMKOR INTERNATIONAL PRIVATE LIMITED
Registered Office :	332 Dheeraj Herirage, S.V. Road. Santacruz West, Mumbai- 400054, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	10.04.2012
Com. Reg. No.:	11- 229423
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U74999MH2012PTC229423
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AARCS3543C
Legal Form :	Private Limited Liability Company
Line of Business :	TRADERS, MERCHANTS, DEALERS, WHOLESALERS, RETAILERS, DISTRIBUTORS, IMPORTERS, EXPORTERS OF IRON AND STEEL, METALS, STAINLESS STEEL, SPECIAL STEEL, CARBON STEEL, ALLOY STEEL, MILD STEEL, STEEL BILLETS, ETC.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (29)

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 a company with short operational history in India, having moderate track. Management has failed to file any financial or related documents with the statutory authorities, since its inception. Mr. Udit from accounts department denied to disclose any information of the subject to us. As per available, the management has reported marginally slow debtor realization, resulting into accrued payable during FY 13. However, trade relations seem to be fair. Business is active. Payment terms are reported as unknown. In view of lack of latest financial, the company can be considered for business dealings with 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 DENIED BY

Name :	Mr. Udit
Designation :	Accountant
Contact No.:	91-9323609561
Date :	03.01.2015

LOCATIONS

Registered Office :	332 Dheeraj Herirage, S.V. Road. Santacruz West, Mumbai- 400054, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-9323609561 (Mr. Udit)
Fax No.:	Not Available
E-Mail :	stemkorint@gmail.com

Note: Corporate office address has been closed.

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Swapnil Chandrakant Kadav

Designation :

Director

Address :

B-93, Azad Nagar, Near Central Railway, Colony Matunga, Mumbai-400016, Maharashtra, India

Date of Birth/Age :

12.11.1992

Qualification :

B. Com

Experience :

5 Years

Date of Appointment :

16.05.2012

Pan No.:

CJUPK7858M

DIN NO.:

05281735

Name :

Mr. Sachin Suresh Mahadik

Designation :

Director

Address :

A-1 Ground Floor, Krishna Kutir Anand Nagar, Dombivli (West) Distinct Thane-421202, Maharashtra, India

Date of Birth/Age :

08.02.1979

Qualification :

B. Com

Experience :

5 Years

Date of Appointment :

10.04.2012

Pan No.:

AKAPM4394H

DIN NO.:

05200583

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	Company/ LLP Status	Defaulting status
1	U27106MH2006PTC161761	INCEPTUAL STEELS PRIVATE LIMITED	Additional director	15-10-11	15-10-11	Active	NO
2	U74999MH2012PTC229423	STEMKOR INTERNATIONAL PRIVATE LIMITED	Director	10-04-12	10-04-12	Active	NO

KEY EXECUTIVES

Name :	Mr. Udit
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares	% of Age
Mahadev Masnaji Virale	5000	50.00
Sachin Suresh Mahadik	5000	50.00
TOTAL	10000	100.00

BUSINESS DETAILS

Line of Business :	Traders, Merchants, Dealers, Wholesalers, Retailers, Distributors, Importers, Exporters of Iron and Steel, Metals, Stainless Steel, Special Steel, Carbon Steel, Alloy Steel, Mild Steel, Steel Billets, etc.
Products :	v Ferrous Metals Like Zinc v Copper v Tin, Nickel
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Not Available
Purchasing :	Not Available

GENERAL INFORMATION

Suppliers :

Reference :	Not Available
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Experience :	Not Available
Maximum Limit Dealt :	Not Available

Customers :

Reference :	Not Available
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Experience :	Not Available
Maximum Limit Dealt :	Not Available

No. of Employees :

Not Divulged

Bankers :

Banker Name	Bank of Maharashtra
Branch Address	Fort Branch, Mumbai, Maharashtra, India
Person Name (With Designation)	Not Available
Contact Number	Not Available
Name of Account Holder	Not Available
Account Number	Not Available
Account Since (Date/Year of Account Opening)	Not Available
Average Balance Maintained (If Possible)	Not Available
Credit Facilities Enjoyed (If any)	Not Available
Account Operation	Not Available
Remarks (If any)	Not Available

Facilities :

--

Auditors :
Name :	Punatar and Associates Chartered Accountants
Address :	512, Sai Chambers, Behind Santacruz (East), Mumbai-400055, Maharashtra, India
Tel. No.:	91-22-26103215 / 66923799
Mobile No.:	91-9892700144
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2013
SHAREHOLDERS FUNDS
1] Share Capital		0.100
2] Share Application Money		30.000
3] Reserves & Surplus		5.413
4] (Accumulated Losses)		0.000
NETWORTH		35.513
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		3.854
TOTAL BORROWING		3.854
DEFERRED TAX LIABILITIES		0.000
TOTAL		39.367
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.086
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	47.845
	Sundry Debtors	88.645
	Cash & Bank Balances	0.900
	Other Current Assets	0.000
	Loans & Advances	2.564
Total Current Assets		139.954
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	97.618
	Other Current Liabilities	0.725
	Provisions	2.330
Total Current Liabilities		100.673
Net Current Assets		39.281
MISCELLANEOUS EXPENSES		0.000
TOTAL		39.367

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013
	SALES
		Income	549.255
		Other Income	0.000
		TOTAL	549.255
Less	EXPENSES
		Purchase of Stock in Trade	583.679
		Employee Benefits Expenses	2.454
		Other Expenses	3.225
		Changes in Inventories of Finished Goods Work in Progress and Stock in Trade	(47.845)
		TOTAL	541.513
	PROFIT / (LOSS) BEFORE TAX		7.742
Less	TAX		2.329
	PROFIT / (LOSS) AFTER TAX		5.413
	Earnings / (Loss) Per Share (Rs.)		54.13

KEY RATIOS

PARTICULARS		31.03.2013
PAT / Total Income	(%)	0.99
Net Profit Margin (PBT/Sales)	(%)	1.41
Return on Total Assets (PBT/Total Assets}	(%)	5.53
Return on Investment (ROI) (PBT/Networth)		0.22
Debt Equity Ratio (Total Debt/Networth)		0.11
Current Ratio (Current Asset/Current Liability)		1.39

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 one years	Yes
12]	Profitability for last one 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	No
24]	Banking facility details	No
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	No

UNSECURED LOAN

(Rs. In Million)

Unsecured Loan	As on 31.03.2013 [Rs. in Millions]
Loan From Directors	3.854
TOTAL	3.854

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

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 records 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 records 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.63.38
UK Pound	1	Rs.96.84
Euro	1	Rs.75.66

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	SUB
Report Prepared by :	ANU

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	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		29

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.