MIRA INFORM REPORT

Report No. :	302829
Report Date :	14.01.2015

IDENTIFICATION DETAILS

Name :	ACHARYA MULTITRADE PRIVATE LIMITED
Registered Office :	Gala No.8, Shivshakti Complex, Kalher Village, Bhiwandi, Thane – 421 302, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	20.01.2014
Com. Reg. No.:	11-252280
Capital Investment / Paid-up Capital :	Rs.0.100 million
CIN No.: [Company Identification No.]	U74120MH2014PTC252280
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 :	Trader of Grey Clothes.
No. of Employees :	7 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Status :	New Business
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a new company incorporated during January 2014 and establishing itself gradually. Ms. Deepika Patel (Accounts Head) has provided us with all information. Business is active as per the status shown in the registrar of companies. Payment terms are reported to be unknown. The company can be considered for business dealings on a safe and secured 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.

INFORMATION PARTED BY

Name :	Ms. Deepika Patel
Designation :	Accounts Head
Contact No.:	91-22-25684733
Date :	13.01.2015

LOCATIONS

Registered Office/ Warehouse :	Gala No.8, Shivshakti Complex, Kalher Village, Bhiwandi, Thane – 421 302, Maharashtra, India
Tel. No. :	91-22-25684733
Fax No. :	Not Available
E-Mail :	gauravkesaria@yahoo.co.in ashishkanodia@yahoo.co.in

DIRECTORS

AS ON 29.09.2014

Name :

Mr. Rajkumar Amarchand Chugh

Designation :

Director

Address :

A-1201/1301, Redwood, Evershine Greens CHS, New Link Road, Oshiwara, Andheri (West), Mumbai – 400 053, Maharashtra, India

Date of Birth/Age :

15.04.1956

Date of Appointment :

14.02.2014

DIN No. :

06436275

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	U74120MH2012PTC239089	SHREE RAMCHANDRAN COMPEX PRIVATE LIMITED	Director	24-12-2012	24-12-2012	-	Active	NO
2	U74120MH2014PTC252280	ACHARYA MULTITRADE PRIVATE LIMITED	Director	14-02-2014	14-02-2014	-	Active	NO
3	U74120MH2013PTC244882	PRASANNA A MARKETING AND MERCHANDISERS PRIVATE LIMITED	Additional director	19-02-2014	19-02-2014	-	Active	NO

Name :

Mr. Rakesh Dharmpal Khanna

Designation :

Director

Address :

B/R. No.301, Triberias, Near St. Augustine School, New Bairampur, Vasai, Vasai – 401 201, Maharashtra, India

Date of Birth/Age :

14.01.1962

Date of Appointment :

14.02.2014

DIN No. :

06491767

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	U51109MH2011PTC213791	SACHIKA TRADING PRIVATE LIMITED	Director	14-05-2013	02-03-2013	03-09-2013	Active	NO
2	U74900MH2013PTC246754	GYANESHWAR SALES AND TRADING PRIVATE LIMITED	Additional director	07-12-2013	07-12-2013	-	Active	NO
3	U74120MH2014PTC252280	ACHARYA MULTITRADE PRIVATE LIMITED	Director	14-02-2014	14-02-2014	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Deepika Patel
Designation :	Accounts Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2014

Names of Shareholders	No. of Shares	Percentage of holding
Rajkumar Amarchand Chugh	5000	50.00
Rakesh Dharmpal Khanna	5000	50.00
Total	10000	100.00

AS ON 29.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	100.00

BUSINESS DETAILS

Line of Business :	Trader of Grey Clothes.
Products :	Grey Clothes
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Udhav International Private Limited
Name of the Person :	Ms. Nadia
Contact No.:	91-8097008762
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Wholesalers, Retailers and End Users

Reference :	BRFL
Name of the Person :	Mr. Kotian (Senior General Manager – Accounts and Finance)
Contact No.:	91-9819377856
Since How Long Known :	2 Years
Experience :	Product Quality: Good Delivery Behaviou: Good Overall: Good
Maximum Limit Dealt :	Not Divulged
Remark :	They gave us positive response about subject company, they are satisfied with their product quality and delivery behaviour.

No. of Employees :

7 (Approximately)

Bankers :

Banker Name	Axis Bank Limited
Branch Address	LBS Marg, Mulund, Mumbai, Maharashtra, 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

Banking Relations :	--
Auditors :
Name :	ABNJ and Company (CA Ashish Kanodia) Chartered Accountants
Address :	5, Hetal Apartments, Mulund (West), Mumbai – 400 080, Maharashtra, India
PAN No.:	AACPK0820A
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries (As confirmed by the Management) :	Shree Ramchandran Compex Private Limited Address: Andheri (West), Mumbai, Maharashtra, India

CAPITAL STRUCTURE

AS ON 29.09.2014

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	31.03.2014
I. EQUITY AND LIABILITIES
(1) Shareholders' Funds
(a) Share Capital	0.100
(b) Reserves & Surplus	0.122
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.222
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.002
(c) Other long term liabilities	0.000
(d) Long-term provisions	0.000
Total Non-current Liabilities (3)	0.002
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	450.690
(c) Other current liabilities	0.030
(d) Short-term provisions	0.052
Total Current Liabilities (4)	450.772
TOTAL	450.996
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.045
(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	0.015
Total Non-Current Assets	0.060
(2) Current assets
(a) Current investments	0.000
(b) Inventories	275.332
(c) Trade receivables	175.539
(d) Cash and cash equivalents	0.065
(e) Short-term loans and advances	0.000
(f) Other current assets	0.000
Total Current Assets	450.936
TOTAL	450.996

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014
	SALES
		Revenue from Operations (Net)	176.043
		Other Income	0.000
		TOTAL	176.043
Less	EXPENSES
		Cost of materials consumed	450.690
		Changes in inventories	(275.332)
		Employee benefit expense	0.151
		Other expenses	0.355
		TOTAL	175.864
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		0.179
Less	FINANCIAL EXPENSES		0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		0.179
Less/ Add	DEPRECIATION/ AMORTISATION		0.003
	PROFIT/ (LOSS) BEFORE TAX		0.176
Less	TAX		0.054
	PROFIT/ (LOSS) AFTER TAX		0.122
	Earnings / (Loss) Per Share (Rs.)		12.15

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT/Sales)	(%)	0.07
Operating Profit Margin (PBDIT/ Sales)	(%)	0.10
Return on Total Assets (PBT/Total Assets}	(%)	0.04
Return on Investment (ROI) (PBT/Networth)		0.79
Debt Equity Ratio (Total Debt/Networth)		0.00
Current Ratio (Current Asset/Current Liability)		1.00

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 about 3 months	Yes
12]	Profitability for about 3 months	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	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
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	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	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

Notes:

· The registered address of the company has been shifted from C/4-9, Sunder Nagar, S.V. Road, Malad (West), Mumbai – 400 064, Maharashtra to the present address w.e.f. 17.02.2014.

· No Charges Exist for 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.62.10
UK Pound	1	Rs.94.10
Euro	1	Rs.73.42

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	RAS
Report Prepared by :	SMN

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.