MIRA INFORM REPORT

Report No. :	298180
Report Date :	19.01.2015

Tel. No.:	91-44-42076045
Fax No.:	91-44-42076045

IDENTIFICATION DETAILS

Name :	CABELO EXPORT
Registered Office :	New No.- 18/2, Old No: 15/2, Veerapandian Nagar, 1^st Street, Choolaimedu, Chennai – 600094, Tamilnadu
Country :	India
Financials (as on) :	31.03.2014
Year of Establishment :	2009
Com. Reg. No.:
Capital Investment / Paid-up Capital :	Rs. 8.000 Millions
CIN No.: [Company Identification No.]
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]
PAN No.: [Permanent Account No.]
Legal Form :	Private Limited Liability Company A Closely Held Public Limited Liability Company A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :
No. of Employees :	(Approximately) / Information denied by the management

RATING & COMMENTS

MIRA’s Rating :

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	-

Maximum Credit Limit :	USD
Status :
Payment Behaviour :
Litigation :
Comments :

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

Rating Agency Name

Rating

Rating Explanation

Date

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 / DENIED BY

Name :

Designation :

Contact No.:

Date :

LOCATIONS

Registered Office :
Tel. No. :	91-
Mobile No. :	91-
Fax No. :	91-
E-Mail :
Website :
Area :
Location :
Head Office :
Tel. No.:	91-
Fax No.:	91-
E-Mail :
Area :
Location :
Corporate Office :
Tel. No. :	91-
Fax No. :	91-
E-Mail :
Area :
Location :
Factory 1 :
Tel. No. :	91-
Fax No. :	91-
E-Mail :
Area :
Location :
Factory 2 :
Tel. No. :	91-
Fax No. :	91-
E-Mail :
Area :
Location :
Branches :
Tel. No. :	91-
Fax No. :	91-
E-Mail :
Area :
Location :

DIRECTORS

As on

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

PAN No.:

Passport No. :

Voter ID No. :

DIN No. :

Other Directorship :

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

PAN No. :

Passport No. :

Voter ID No. :

DIN No. :

Other Directorship :

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

PAN No. :

Passport No. :

Voter ID No. :

DIN No. :

Other Directorship :

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

PAN No. :

Passport No. :

Voter ID No. :

DIN No. :

Other Directorship :

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

PAN No. :

Passport No. :

Voter ID No. :

DIN No. :

Other Directorship :

KEY EXECUTIVES

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

PAN No.:

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on

Names of Shareholders	No. of Shares
Total

As on

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others
Bodies corporate
Directors or relatives of Directors
Other top fifty shareholders
Total	100.00

BUSINESS DETAILS

Line of Business :

Products :

Item Code No. (ITC Code)

Product Description

Not Available

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Products :

Countries :

Imports :

Not Divulged

Products :

Countries :

Terms :

Not Divulged

Selling :

Purchasing :

PRODUCTION STATUS – NOT AVAILABLE

Particulars

Unit

Licensed Capacity

Installed Capacity

Actual Production

GENERAL INFORMATION

Suppliers :

Reference :

Name of the Person :

Contact No.:

Since How Long Known :

Maximum Limit Dealt:

Experience :

Payment Behavior

Market Goodwill

Overall

Remark :

Customers :

Reference :

Name of the Person :

Contact No.:

Since How Long Known :

Maximum Limit Dealt:

Experience :

Product Quality

Delivery Behavior

Overall

Remark :

No. of Employees :

(Approximately) / Information denied by the management

Bankers :

Banker Name

Branch Address

Person Name (With Designation)

Contact Number

Name of Account Holder

Account Number

Account Since (Date/Year of Account Opening)

Average Balance Maintained (If Possible)

Credit Facilities Enjoyed (If any)

Account Operation

Remarks (If any)

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
SHORT TERM BORROWINGS
Total
PARTICULAR	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
SHORT TERM BORROWINGS
Total

Auditors :
Name :	Chartered Accountants
Address :
Tel. No. :
Mobile No. :
Fax No. :
E-Mail :
PAN No. :
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :

CAPITAL STRUCTURE

As on

Authorised Capital :

No. of Shares	Type	Value	Amount
	Equity Shares	Rs.10/- each	Rs. Millions
	Total		Rs. Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
	Equity Shares	Rs.10/- each	Rs. Millions
	Total		Rs. Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital
(b) Reserves & Surplus
(c) Money received against share warrants
(2) Share Application money pending allotment
Total Shareholders’ Funds (1) + (2)
(3) Non-Current Liabilities
(a) long-term borrowings
(b) Deferred tax liabilities (Net)
(c) Other long term liabilities
(d) long-term provisions
Total Non-current Liabilities (3)
(4) Current Liabilities
(a) Short term borrowings
(b) Trade payables
(c) Other current liabilities
(d) Short-term provisions
Total Current Liabilities (4)
TOTAL
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets
(ii) Intangible Assets
(iii) Capital work-in-progress
(iv) Intangible assets under development
(b) Non-current Investments
(c) Deferred tax assets (net)
(d) Long-term Loan and Advances
(e) Other Non-current assets
Total Non-Current Assets
(2) Current assets
(a) Current investments
(b) Inventories
(c) Trade receivables
(d) Cash and cash equivalents
(e) Short-term loans and advances
(f) Other current assets
Total Current Assets
TOTAL

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital
2] Share Application Money
3] Reserves & Surplus
4] (Accumulated Losses)
NETWORTH
LOAN FUNDS
1] Secured Loans
2] Unsecured Loans
TOTAL BORROWING
DEFERRED TAX LIABILITIES
TOTAL
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]
Capital work-in-progress
INVESTMENT
DEFERRED TAX ASSETS
CURRENT ASSETS, LOANS & ADVANCES
	Inventories
	Sundry Debtors
	Cash & Bank Balances
	Other Current Assets
	Loans & Advances
Total Current Assets
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors
	Other Current Liabilities
	Provisions
Total Current Liabilities
Net Current Assets
MISCELLANEOUS EXPENSES
TOTAL

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income
		Other Income
		TOTAL
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
Less	FINANCIAL EXPENSES
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
Less/ Add	DEPRECIATION/ AMORTISATION
	PROFIT/ (LOSS) BEFORE TAX
Less	TAX
	PROFIT/ (LOSS) AFTER TAX
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD
Less	APPROPRIATIONS
		Transfer to General Reserve
		Dividend
		Tax on Dividend
	BALANCE CARRIED TO THE B/S
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings
		Commission Earnings
		Other Earnings
	TOTAL EARNINGS
	IMPORTS
		Raw Materials
		Stores & Spares
		Capital Goods
		Others
	TOTAL IMPORTS
	Earnings / (Loss) Per Share (Rs.)

Particulars	31.03.2014	31.03.2013	31.03.2012
Sales Turnover (Approximately)
Profit/Loss for the year
Export Value
Import Value

Expected Sales (2014-2015): Rs. Millions

The above information has been parted by Mr.

QUARTERLY RESULTS

PARTICULARS	30.06.2013	30.09.2013	31.12.2013
	1^stQuarter	2^nd Quarter	3^rd Quarter

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT/Sales)	(%)
Operating Profit Margin (PBDIT/ Sales)	(%)
Return on Total Assets (PBT/Total Assets}	(%)
Return on Investment (ROI) (PBT/Networth)
Debt Equity Ratio (Total Debt/Networth)
Current Ratio (Current Asset/Current Liability)

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

YEAR-ON-YEAR GROWTH

NET PROFIT MARGIN

LOCAL AGENCY FURTHER INFORMATION

NOTE: Current Maturities of Long Term Debts is Not Available.

CURRENT MATURITIES OF LONG TERM DEBTS

Particulars	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)	31.03.2011 (Rs. In Millions)
Current Maturities of Long Term Debts
Total

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
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background
8]	No. of employees
9]	Name of person contacted
10]	Designation of contact person
11]	Turnover of firm for last three years
12]	Profitability for last three years
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year
15]	Capital in the business	Yes
16]	Details of sister concerns
17]	Major suppliers
18]	Major customers
19]	Payments terms
20]	Export / Import details (if applicable)
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details
24]	Banking facility details
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
32]	PAN of Proprietor/Partner/Director, if available
33]	Voter ID No of Proprietor/Partner/Director, if available
34]	External Agency Rating, if available

NOTE:

The registered address of the company has been shifted from to the present address w.e.f

UNSECURED LOANS

INDEX OF CHARGES

CONTINGENT LIABILITIES:

FIXED ASSETS

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.
UK Pound	1	Rs.
Euro	1	Rs.

INFORMATION DETAILS

Information Gathered by :
Analysis Done by :
Report Prepared by :	ANK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10
PAID-UP CAPITAL	1~10
OPERATING SCALE	1~10
FINANCIAL CONDITION
--BUSINESS SCALE	1~10
-- PROFITABILITY	1~10
--LIQUIDITY	1~10
--LEVERAGE	1~10
--RESERVES	1~10
--CREDIT LINES	1~10
--MARGINS	-5~5
DEMERIT POINTS
--BANK CHARGES	YES/NO
--LITIGATION	YES/NO
--OTHER ADVERSE INFORMATION	YES/NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO
--EXPORT ACTIVITIES	YES/NO
--AFFILIATION	YES/NO
--LISTED	YES/NO
--OTHER MERIT FACTORS	YES/NO
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL

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.