MIRA INFORM REPORT

Report No. :	295341
Report Date :	19.01.2015

IDENTIFICATION DETAILS

Name :	BRIGHT INDOTECH PRIVATE LIMITED
Registered Office :	O-230, Sector-1, Bawana (DSIIDC), Delhi – 110039
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	23.11.2012
Com. Reg. No.:	55-245211
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U25190DL2012PTC245211
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 :	Manufacturer, Trader, Exporter and Supplier of Rubber Components.
No. of Employees :	18 (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

Maximum Credit Limit :	USD 1000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a successor of Bright Industries proprietary concern incorporated during the year 1977 and later on 23^rd November, 2012 it got converted into Bright Indotech Private Limited. It is having a moderate track record. Management of the company failed to file its financial for the year 2014 with the government department. As per available financial of 2013, there seems accumulated loss recorded by the company. However, trade relations are reported as fair. Business is active. Payment terms are reported slow but correct. The company can be considered for business dealings with some cautions.

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

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	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. Vishant Khaushik
Designation :	Manager
Contact No.:	91-9716350325
Date :	02.01.2015

LOCATIONS

Registered Office / Factory :	O-230, Sector-1, Bawana (DSIIDC), Delhi - 110039, India
Tel. No.:	91-11-65280288/22912333/2775177
Mobile No.:	91-9716350325 (Mr. Vishant Khaushik)
Fax No.:	91-11-65280288
E-Mail :	brightrubbers@gmail.com amit@brightindotech.com
Website :	http://www.brightex.info
Area :	10,000 Sq. Ft.
Location :	Owned

DIRECTORS

As on 26.12.2013

Name :	Mr. Amit Yadav
Designation :	Director
Address :	C-12/377, Yamuna Vihar, Delhi – 110053, India
Date of Birth/Age :	13.04.1982
Qualification :	Post-Graduation
Date of Appointment :	23.11.2012
DIN No.:	06397955
Name :	Ms. Priyanka Yadav
Designation :	Director
Address :	86, East Friends Enclave, East Block, SP Road, Nangloi, Delhi – 110086, India
Date of Birth/Age :	06.02.1987
Qualification :	Graduation
Date of Appointment :	23.11.2012
DIN No.:	06397948
Name :	Ms. Urmila Yadav
Designation :	Director
Address :	C – 12/377, Yamuna Vihar, Shahdara, Delhi, India.
Date of Birth/Age :	17.07.1960
Date of Appointment :	13.01.2014
DIN No.:	06787693

KEY EXECUTIVES

Name :	Mr. Vishant Khaushik
Designation :	Manager

MAJOR SHAREHOLDERS

As on 26.12.2013

Names of Shareholders	No. of Shares	%age of Holding
Amit Yadav	5000	50.00
Priyanka Yadav	5000	50.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 26.12.2013

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Trader, Exporter and Supplier of Rubber Components.
Products :	MS Rubber Roll Industrial Rubber Rolls Silicone Butterfly Valve Seal Pu Couplings Conveyor Belt Three Wheeler Rubber Parts PVC End Cap Pu Bush Electricals Insulation Rubber Mats Trolley Wheel With Bearing Valve Seal Plastic Products Pu Conveyor Wheel Rubber Sheets Rubber Flange Gasket Automotive Oil Seal Steel Foil Slitting Spacer, Etc.
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Rubber Component
Countries :	European Countries South Arabia
Imports :	Not Divulged
Terms :
Selling :	Cash, Cheque and Credit
Purchasing :	Cash, Cheque and Credit

PRODUCTION STATUS = NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	H.P. Enterprises, Delhi
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

• End Users and Manufacturer

Reference :	Surya Roshini Limited, New Delhi
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

18 (Approximately)

Bankers :

Bank Name	Indian Overseas Bank
Branch	Janpath Branch, F – 47, Malhotra Building, Janpath, New Delhi, India
Person Name (With Designation)	Ms. Amrita (Assistant Manager)
Contact Number	91-11-23350036 / 23310560
Name of Account Holder	Mr. Amit Yadav
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 :	Sunil Vinita And Associates Chartered Accountants
Address :	21, Chhujjupur, Main 100 Foot Road, Babarpur, Shahdara, Delhi-32, India
Mobile No.:	91-9910206147
PAN N Income-tax PAN of auditor or auditor's firm :	ADIPA0164C
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
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100
(b) Reserves & Surplus	(0.001)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.099
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	0.000
(c) Other current liabilities	0.001
(d) Short-term provisions	0.000
Total Current Liabilities (4)	0.001
TOTAL	0.100
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(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	0.000
Total Non-Current Assets	0.000
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.000
(d) Cash and cash equivalents	0.075
(e) Short-term loans and advances	0.000
(f) Other current assets	0.025
Total Current Assets	0.100
TOTAL	0.100

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013
	SALES
	Income	Nil
	Other Income	Nil
	TOTAL	Nil
Less	TOTAL EXPENSES	0.001
	PROFIT/ (LOSS) BEFORE TAX	(0.001)
Less	TAX (I)	0.000
	PROFIT/ (LOSS) AFTER TAX	(0.001)
	Earnings / (Loss) Per Share (Rs.)	(0.15)

Particulars	31.03.2014
Sales Turnover (Approximately)	40.000

Expected Sales (2014 - 2015) : Rs.50.000 Million.

The above information has been parted by Mr. Vishant Khaushik (Partner / Manager).

KEY RATIOS

PARTICULARS		31.03.2013
Net Profit Margin (PAT / Sales)	(%)	0.00
Operating Profit Margin (PBIDT/Sales)	(%)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(1.00)
Return on Investment (ROI) (PBT/Networth)		(0.01)
Debt Equity Ratio (Total Debt /Networth)		0.00
Current Ratio (Current Asset/Current Liability)		100.00

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	Yes
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 about 1 year 4 months	Yes
12]	Profitability for last 4 months	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	Yes
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

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.61.89
UK Pound	1	Rs.93.92
Euro	1	Rs.72.00

INFORMATION DETAILS

Information Gathered by :	SAN
Analysis Done by :	RAS
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
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	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	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.