MIRA INFORM REPORT

Report No. :	302412
Report Date :	12.01.2015

IDENTIFICATION DETAILS

Name :	SHRI SGOYAL TRADING AND EXPORTS PRIVATE LIMITED
Registered Office :	315/3, Lower Ground Floor, Dreams The Mall, LBS Marg, Bhandup (West), Mumbai – 400078, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	29.03.2011
Com. Reg. No.:	11-215517
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U51109MH2011PTC215517
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMS77806B
PAN No.: [Permanent Account No.]	AAPCS6714F
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Exporter of Metal, Textiles and Agro Products.
No. of Employees :	15 (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 :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Management of the company has not filed its latest financial i.e. 2014 with the government department. As per available financial of 2013, it seems that it is the company’s first year of business operations and general financial position of the company is moderate. However, trade relations are reported as air. Business is active. Payment terms 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 – 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 :	Ms. Karishma
Designation :	H.R. Department
Contact No.:	91-7506368095

LOCATIONS

Registered Office / Warehouse :	315/3, Lower Ground Floor, Dreams The Mall, LBS Marg, Bhandup (West), Mumbai – 400078, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-8879997873 (Ms. Zoya) 91-7506368095 (Ms. Karishma)
Fax No.:	Not Available
E-Mail :	jyotiarticle@gmail.com shrisgoyal@rediffmail.com

DIRECTORS

As on 27.09.2013

Name :

Mr. Amol Warkar

Designation :

Director

Address :

At. Amardeep Apartment, 001, Plot No. 185, Sector - 9, New Panvel, Navi Mumbai - 410206, Maharashtra, India

Date of Appointment :

29.09.2013

DIN No.:

06379709

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	U72900MH2007PTC172746	ADJUVANT TECHNOLOGIES PRIVATE LIMITED	Director	16/08/2012	16/08/2012	04/02/2014	Active	NO
2	U74999MH2012PTC231372	Wits Multitrade Private Limited	Director	30/10/2012	30/10/2012	-	Active	NO
3	U93000MH2013PTC248221	JVS PHARMA PRIVATE LIMITED	Additional director	13/09/2013	13/09/2013	26/02/2014	Active	NO
4	U51109MH2011PTC215517	Shri SGoyal Trading & Exports Private Limited	Director	29/09/2013	29/09/2013	-	Active	NO
5	U51909MH2013PTC242183	MIMA Products Private Limited	Additional director	13/01/2014	13/01/2014	13/06/2014	Active	NO
6	U51101MH2013PTC250052	THAMES COMMERCE PRIVATE LIMITED	Additional director	13/01/2014	13/01/2014	06/06/2014	Active	NO
7	U74999MH2013PTC246162	MORVEN VENTURES PRIVATE LIMITED	Additional director	13/01/2014	13/01/2014	13/06/2014	Active	NO
8	L51900MH1984PLC034881	SAIANAND COMMERCIAL LIMITED	Director	27/09/2014	05/05/2014	-	Active	NO

Name :

Mr. Shrikant Shivajirao Metkari

Designation :

Director

Address :

H. No – 1760, Dhalgaon, Sangli - 416405, Maharashtra, India

Date of Birth/Age :

26.10.1983

Date of Appointment :

27.09.2013

DIN No.:

06567126

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	U72900MH2007PTC172746	ADJUVANT TECHNOLOGIES PRIVATE LIMITED	Additional director	23/04/2013	23/04/2013	20/05/2013	Active	NO
2	U28990MH2005PTC153967	TEJAS ABRASIVE PRIVATE LIMITED	Director	27/09/2013	23/04/2013	26/02/2014	Active	NO
3	U74900MH2005PTC156843	MANIK GENETICS PRIVATE LIMITED	Director	27/09/2013	23/04/2013	26/02/2014	Active	NO
4	U93000MH2011PTC211815	LAVANYA HEALTH AND WELLNESS PRIVATE LIMITED	Director	27/09/2013	25/04/2013	31/01/2014	Active	NO
5	U74900MH2010PTC207740	Haat Bazaar Retail Private Limited	Director	27/09/2013	25/04/2013	01/02/2014	Active	NO
6	U40103MH2010PTC211665	RECREATE ENERGY PRIVATE LIMITED	Director	27/09/2013	25/04/2013	30/04/2014	Active	NO
7	U63030MH2010PTC211309	SANCHAR LOGISTICS PRIVATE LIMITED	Additional director	11/05/2013	11/05/2013	01/06/2013	Active	NO
8	U92412MH2010PTC208471	Integral Entertainment Private Limited	Director	29/09/2013	11/05/2013	06/05/2014	Active	NO
9	U51109MH2011PTC215517	Shri SGoyal Trading & Exports Private Limited	Director	27/09/2013	20/05/2013	-	Active	NO
10	U63000MH2010PTC201388	PACMAN LOGISTICS PRIVATE LIMITED	Director	27/09/2013	05/06/2013	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Zoya
Designation :	Accounts Manager
Name :	Ms. Karishma
Designation :	H.R. Department

MAJOR SHAREHOLDERS

As on 27.09.2013

Names of Shareholders	No. of Shares	% of Holding
Shrikant Goyal	9999	99.99
Mahesh Dingliwal	1	0.01
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 27.09.2013

Category	Percentage
Other top fifty shareholders	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and Exporter of Metal, Textiles and Agro Products.
Products :	Metal Textiles Agro Products
Brand Names :	--
Agencies Held :	--
Exports :
Products :	Finished Goods
Countries :	Hong Kong
Imports :	Not Divulged
Terms :
Selling :	Cash and Advance Payment
Purchasing :	Cash and Advance Payment

PRODUCTION STATUS – NOT APPLICABLE

GENERAL INFORMATION

Suppliers :	Not Divulged
Customers :	Not Divulged
No. of Employees :	15 (Approximately)
Bankers :	· ICICI Bank Limited, Nariman Point, Mumbai, Maharashtra, India · Dena Bank Limited, Bhandup (West), Mumbai, Maharashtra, India · Yes Bank Limited, Lower Parel (West), Mumbai, Maharashtra, India A/C No.: 04193800005310
Facilities :	--

Banking Relations :	--
Auditors :
Name :	Divyesh Harilal Kagaphra Chartered Accountant
Address :	102 Aradhana Apartment, Opposite Swagat Residency, Aadhu Vasvani Road, Rajkot – 360005, Gujarat, India
PAN No.:	AVSPK6345F
Memberships :	--
Collaborators :	--
Sister Concern :	Not Divulged

CAPITAL STRUCTURE

As on 27.09.2013

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	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	0.008	(0.006)
(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)	0.108	0.094
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	0.000	0.000
(c) Other current liabilities	0.000	0.000
(d) Short-term provisions	0.006	0.000
Total Current Liabilities (4)	0.006	0.000
TOTAL	0.114	0.094
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(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	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	0.000	0.000
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	0.000	0.000
(d) Cash and cash equivalents	0.114	0.094
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	0.000	0.000
Total Current Assets	0.114	0.094
TOTAL	0.114	0.094

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012
	SALES
		Income	45.152	0.000
		Other Income	0.000	0.000
		TOTAL (A)	45.152	0.000
Less	EXPENSES
		Cost of Materials Consumed	45.107	0.000
		Other Expenses	0.025	0.006
		TOTAL (B)	45.132	0.006
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.020	(0.006)
Less	FINANCIAL EXPENSES (D)		0.000	0.000
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.020	(0.006)
Less	DEPRECIATION/ AMORTISATION (F)		0.000	0.000
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		0.020	(0.006)
Less	TAX (H)		0.006	0.000
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		0.014	(0.006)
	Earnings / (Loss) Per Share (Rs.)		1.39	(0.60)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	0.03	0.00
Operating Profit Margin (PBDIT/Sales)	(%)	0.04	0.00
Return on Total Assets (PBT/Total Assets}	(%)	17.54	(6.38)
Return on Investment (ROI) (PBT/Networth)		0.19	(0.06)
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00
Current Ratio (Current Asset/Current Liability)		19.00	0.00

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	0.100	0.100
Reserves & Surplus	(0.006)	0.008
Money received against share warrants	0.000	0.000
Share Application money pending allotment	0.000	0.000
Net worth	0.094	0.108
Long Term borrowings	0.000	0.000
Short Term borrowings	0.000	0.000
Total borrowings	0.000	0.000
Debt/Equity ratio	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions
Sales	0.000	45.152

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions
Sales	0.000	45.152
Profit	(0.006)	0.020
	0.00%	0.04%

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 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	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	----------
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

REVIEW OF OPERATIONS:

During the year, the Company's turnover has gone up significantly as compared to the last year and consequentially net profit has also registered marked improvement. During the year, the Company has developed new customers. The Directors are putting their best efforts to procure export orders.

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 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.62.39
UK Pound	1	Rs.94.17
Euro	1	Rs.73.62

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	NO
--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.