MIRA INFORM REPORT

Report No. :	303800
Report Date :	27.01.2015

IDENTIFICATION DETAILS

Name :	RAJAKUMARI SHOPPING MALL LLP
Registered Office :	AMC 11/1556 City Plaza Near Private Bus Stand, Attingal – 695101, Kerala
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	21.03.2012
Capital Investment / Paid-up Capital :	Rs. 4.350 Millions
LLPIN:	AAA-8462
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Limited Liability Partnership
Line of Business :	They are in to construction in shopping mall.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Yet to Commence Its Commercial Operations
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a limited liability partnership concern and has not yet commenced its commercial operations as per the financial statements of FY 13. Management has filed to file latest financials of FY 14, with the statutory authorities. Mr. Irshad, an accountant claimed that the project of constructing a shopping mall is under process and is expected to be completed by 2016. However, Business is active. Payment terms are unknown. The company can be considered for business dealings as a matter of your confidence, 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 :	Mr. Irshad
Designation :	Accountant
Contact No.:	91-470-2626151
Date :	20.01.2015

Name :	Mr. Kahar
Designation :	Site Incharge
Contact No.:	91-93449947714

LOCATIONS

Registered Office :	AMC 11/1556 City Plaza Near Private Bus Stand, Attingal – 695101, Kerala, India
Tel. No.:	91-470-2626050
Fax No.:	Not Available
E-Mail :	kaharkvh@gmail.com

DIRECTORS

AS ON 31.03.2013

Name :

Mr. Kahar Mohammed Kunju

Designation :

Designated Partner

Address :

Kuzhivila Puthen Veedu, Puthusserimukku P.O, Kallambalam, Trivandrum – 695605, Kerala, India

Date of Birth/Age :

10.05.1973

Date of Appointment :

21.03.2012

PAN No.:

ATVPK7315A

DIN No. :

01317893

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	U52190KL2008PLC021752	RAJAKUMARI SHOPPING LIMITED	Managing director	20/12/2011	20/12/2011	-	Active	NO
2	AAA-8462	RAJAKUMARI SHOPPING MALL LLP	Designated Partner	21/03/2012	21/03/2012	-	Active	NO

Name :

Mr. Nissam Jamalmohammed

Designation :

Designated Partner

Address :

Sajeena Manzil, Madanthapacha, P C Mukku P.O, Trivandrum – 695605, Kerla, India

Date of Birth/Age :

30.04.1971

Date of Appointment :

21.03.2012

DIN No. :

01317846

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	U52190KL2008PLC021752	RAJAKUMARI SHOPPING LIMITED	Director	28/01/2008	28/01/2008	-	Active	NO
2	U52100KL2010PTC026987	RAJAKUMARI TOTAL SHOPPING PRIVATE LIMITED	Director	04/11/2010	04/11/2010	-	Active	NO
3	AAA-8462	RAJAKUMARI SHOPPING MALL LLP	Designated Partner	21/03/2012	21/03/2012	-	Active	NO

Name :

Mr. Safeerudeen Koya Thangal Murughudeen Koya Thangal

Designation :

Designated Partner

Address :

Kadayil Veedu, Punnode, Vettiyara P.O, Navaikulam, Trivandrum – 695603, Kerala, India

Date of Appointment :

18/09/2012

DIN No. :

01317877

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	U52190KL2008PLC021752	RAJAKUMARI SHOPPING LIMITED	Director	01/06/2008	01/06/2008	-	Active	NO
2	AAA-8462	RAJAKUMARI SHOPPING MALL LLP	Designated Partner	18/09/2012	18/09/2012	-	Active	NO

Name :

Mr. Thangal Koya Sainulabdeen

Designation :

Designated Partner

Address :

Charuvila Puthen Veedu, Punnode, Vettiyara P O, Navaikulam, Trivandrum - 695603 , Kerala, India

Date of Appointment :

18/09/2012

DIN No. :

06385930

KEY EXECUTIVES

Name :	Mr. Irshad
Designation :	Accountant

OBLIGATION DETAILS

As on 31.03.2013

Names of Persons	Obligation of Contribution (Rs. In Millions)
Nissam Jamalmohammed	0.050
Safeerudeen Koya Thangal Murughudeen Koya Thangal	0.050
Kahar Mohammed Kunju	0.050
Thangal Koya Sainulabdeen	0.050
Faziludeen	0.050

BUSINESS DETAILS

Line of Business :	They are in to construction in shopping mall.
Products :	Not Divulged
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

Information declined by the management.

Bankers :

Banker Name	Not Divulged
Branch Address	Not Divulged
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 :	Not Divulged
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2013

Total Obligation of Contribution: Rs. 4.350 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013
SHAREHOLDERS FUNDS
1] Contribution received	4.350
2] Share Application Money	0.000
3] Reserves & Surplus	0.000
4] (Accumulated Losses)	0.000
NETWORTH	4.350
LOAN FUNDS
1] Secured Loans	0.000
2] Unsecured Loans	0.000
TOTAL BORROWING	0.000
Creditors/ trade payables – advance from customers	28.259
Other Liabilities
Provisions	0.000
For taxation	0.000
For contingencies	0.000
For Insurance	0.000
Other Provisions	0.010
TOTAL	32.619
FIXED ASSETS [Net Block]	32.082
INVESTMENT	0.000
LOANS AND ADVANCES	0.000
INVENTORIES	0.000
Debtors/ trade receivable	0.000
Cash and Cash equipment	0.511
Other assets (Miscellaneous)	0.026
TOTAL	32.619

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013
	SALES
		Income	0.000
		Other Income	0.000
		TOTAL (A)	0.000
Less	EXPENSES
		Payment to auditors	0.010
		Other Expenses	0.016
		TOTAL (B)	0.026
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(0.026)
Less	FINANCIAL EXPENSES (D)		0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(0.026)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.000
	PROFIT BEFORE TAX (E-F) (G)		(0.026)
Less	TAX (H)		0.000
	PROFIT AFTER TAX (G-H) (I)		(0.026)
	Profit transferred to partners account		0.000
	Profit transferred to Reserves and Surplus		(0.026)

KEY RATIOS

PARTICULARS		31.03.2013
Net Profit Margin PAT / Sales	(%)	0.000
Operating Profit Margin (PBDIT/Sales)	(%)	0.000
Return on Total Assets (PBT/Total Assets}	(%)	(0.08)
Return on Investment (ROI) (PBT/Networth)		(0.01)
Debt Equity Ratio (Total Debt /Networth)		0.000
Current Ratio (Current Asset/Current Liability)

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	No
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last one year	Yes
12]	Profitability for last one year	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	No
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	No
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

VIEW INDEX OF CHARGES: 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. 61.49
UK Pound	1	Rs. 92.16
Euro	1	Rs. 69.61

INFORMATION DETAILS

Information Gathered by :	HNA
Analysis Done by :	SUB
Report Prepared by :	TRU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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		11

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.