MIRA INFORM REPORT

Report No. :	302961
Report Date :	15.01.2015

IDENTIFICATION DETAILS

Name :	SUPREME TRADE CENTER
Registered Office :	Shop No. 4, Mangesh Apartment Rokadia Lane, SVP Road, Borivali, Mumbai - 400092, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Year of Establishment:	1989
Capital Investment / Paid-up Capital :	Rs. 55.435 Millions
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Sole Proprietary Concern
Line of Business :	Trader and Importer of woods.
No. of Employees :	10 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established proprietary concern having a satisfactory track record. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The concern 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.

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 :	Mr. Suresh Shah
Designation :	Accountant
Contact No.:	91-22-28955923
Date :	12.01.2015

LOCATIONS

Registered Office :	Shop No. 4, Mangesh Apartment Rokadia Lane, SVP Road, Borivali, Mumbai - 400092, Maharashtra, India
Tel. No.:	91-22-28955923 / 28901153
Fax No. :	91-22-28943409
E-Mail :	murliwatwani@yahoo.co.in watwani2002@yahoo.co.in romaldof@yahoo.com
Website :	www.supremetradecrntre.com
Area :	500 Sq. Ft.
Location :	Owned
Warehouse :	Mankoli Naka, Dapada Building, Gajanan Petrol Pump, District – Thane - 400604
Location :	Rented
Branch :	Mustaffa Bazar, Opposite Union Bank of India, Ray Road, Bhaykhala, Mumbai, Maharashtra, India

SOLE PROPRIETOR

Name :	Mr. Murlidhar S. Watwani
Designation :	Proprietor
Address :	B/703, Mota Mahal, Lokhandwala, Andheri [West], Mumbai – 400053, Maharashtra, India

KEY EXECUTIVES

Name :	Mr. Suresh Shah
Designation :	Accountant

BUSINESS DETAILS

Line of Business :	Trader and Importer of woods.
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :
Products :	Raw Material
Countries :	Belgium USA Germany Canada America
Terms :
Selling :	Cash, L/C and Credit
Purchasing :	Cash, L/C and Credit

PRODUCTION STATUS = NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :

Fab Wood

Name of the Person :

Mr. Tushar Ghanatra (Proprietor)

Contact No.:

91-9844044030

Since How Long Known :

18 Years

Experience :

Payment Behaviour	Market Goodwill	Overall
Excellent	Excellent	Excellent

Maximum Limit Dealt :

Not Divulged

Remark:

They gave us positive response about subject company they are satisfied with their payment behavior.

Customers :

Reference :

Jay Bharat Forwarders Private Limited

Name of the Person :

Ms. Kanchan (Director)

Contact No.:

91-22-23484614 / 7738365863

Since How Long Known :

9 Years

Experience :

Product Quality	Delivery Behaviour	Overall
Good	Good	Good

Maximum Limit Dealt :

Not Divulged

Remark:

They gave us positive response about subject company they are satisfied with their product quality and delivery behavior.

No. of Employees :

10 (Approximately)

Bankers :

Banker Name	Bank of Baroda
Branch Address	Kandivali (W), 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

Auditors :
Name :	U D Kachare and Company Chartered Accountants
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern :	Not Available

CAPITAL STRUCTURE

As on 31.03.2014

Capital Account :
Mr. Murli S Watwanis :	Rs. 55.435 Millions
Total	Rs. 55.435 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2014	31.03.2013
SHAREHOLDERS FUNDS
1] Share Capital		55.435	31.782
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		0.000	0.000
NETWORTH		55.435	31.782
LOAN FUNDS
1] Secured Loans		28.821	12.372
2] Unsecured Loans		11.116	7.342
TOTAL BORROWING		39.937	19.714
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		95.372	51.496
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		39.993	12.247
Capital work-in-progress		0.000	0.000
INVESTMENT		6.123	6.052
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	18.266	12.120
	Sundry Debtors	11.252	11.543
	Cash & Bank Balances	4.069	3.138
	Other Current Assets	0.000	0.000
	Loans & Advances	37.963	26.036
Total Current Assets		71.550	52.837
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	20.990	18.060
	Other Current Liabilities	0.904	1.075
	Provisions	0.400	0.505
Total Current Liabilities		22.294	19.640
Net Current Assets		49.256	33.197
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		95.372	51.496

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013
	SALES
	Income	34.626	32.790
	Other Income	1.133	1.443
	TOTAL	35.759	34.233
Less	EXPENSES
	Cost of Goods Sold	24.553	23.417
	Octroi,Shipping and Forwd.	2.066	1.402
	Labour Charges	2.208	2.039
	Transport Charges	0.722	0.569
	Clearing Charges	0.207	0.182
	Advertisement Expenses	0.001	0.001
	Audit Fees	0.058	0.076
	Bank Charges	0.461	0.478
	Brokerage and Commission	0.195	0.496
	Business Pramotion	0.054	0.425
	Computer Expenses	0.009	0.010
	Conveyance Expenses	0.031	0.035
	Courier Expenses	0.022	0.022
	Electricity Charges	0.065	0.219
	Entertainment Expenses	0.005	0.052
	Festival Expenses	0.006	0.004
	Insurance Charges	0.081	0.012
	Interest	1.554	0.039
	Membership & License Fees	0.007	1.501
	Motorcar Expenses	0.162	0.002
	Printing and Stationery	0.017	0.004
	Professional Tax	0.006	0.157
	Professional Fees	0.034	0.006
	Repair and Maintanance	0.083	0.030
	Foreign Exchange Fluctuation	0.618	0.009
	Salary and Wages	0.395	0.133
	Society maintance charges	0.056	0.304
	Staff Welfare	0.067	0.668
	Sundry Expenses	0.109	0.066
	Telephone Expenses	0.069	0.043
	Transport Charges	0.004	0.064
	Travelling Expenses	0.043	0.125
	VAT Expenses	0.059	0.012
	Income Tax Provision	0.400	0.275
	TOTAL	34.427	32.877
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	1.332	1.356
Less/ Add	DEPRECIATION/ AMORTISATION	0.197	0.264
	NET PROFIT	1.135	1.092

Expected Sales (2014-2015) : Above Rs.40.000 Millions

The above information has been parted by Mr. Suresh Shah (Accountant)

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	3.28	3.33
Return on Total Assets (PBT/Total Assets}	(%)	1.21	1.68
Return on Investment (ROI) (PBT/Networth)		0.02	0.03
Debt Equity Ratio (Total Debt /Networth)		0.72	0.62
Current Ratio (Current Asset/Current Liability)		3.21	2.69

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	31.782	55.435
Reserves & Surplus	0.000	0.000
Net worth	31.782	55.435
Secured Loans	12.372	28.821
Unsecured Loans	7.342	11.116
Total borrowings	19.714	39.937
Debt/Equity ratio	0.620	0.720

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Sales	32.790	34.626
		5.599

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Sales	32.790	34.626
Profit	1.092	1.135
	3.33%	3.28%

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	No
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last two years	Yes
12]	Profitability for last two years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	Yes
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	No
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	No
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	No
31]	Date of Birth of Proprietor/Partner/Director, if available	No
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

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 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.62.15
UK Pound	1	Rs.94.24
Euro	1	Rs.73.29

INFORMATION DETAILS

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

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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	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		47

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.