MIRA INFORM REPORT

Report No. :	329902
Report Date :	02.07.2015

IDENTIFICATION DETAILS

Name :	SJ VENTURES PRIVATE LIMITED
Registered Office :	Module 4, SIDCO Readymade Garment complex, Industrial Estate, Guindy, Chennai – 600032, Tamilnadu
Tel. No.:	91-44-22500988
Country :	India
Financials (as on) :	20.09.2013 (Provisional)
Date of Incorporation :	01.05.2012
Com. Reg. No.:	18-085677
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U17200TN2012PTC085677
IEC No.:	Not Available
TIN No.:	33490907451
CST No.:	1128542
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 Pharmaceutical Products and steel product and agro product
No. of Employees :	10 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject was incorporated on 1^st May 2012, having moderate track record. The management of the company has failed to file its financial with the Government Department. As per available source from the provisional financial company have achieved fair amount of turnover from April to September 2013. Further Mr. Lordson, Account Executive has provide information to us and also claimed that during the year 2013-2014 and 2014-2015 company has achieved Rs.1100.000 Million and Rs.650.000 Million respectively, but it has not been verified from any sources. In status of Registrar the company seem to be active. Payments are reported unknown. In view of unavailability of adequate information, the company can be considered for the business dealing on fully safe and secure 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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 31-03-2013.

INFORMATION PARTED BY

Name :	Mr. Lordson
Designation :	Accounts executive
Contact No.:	91-9094794703
Date :	30.06.2015

LOCATIONS

Registered Office :	Module 4, SIDCO Readymade Garment complex, Industrial Estate, Guindy, Chennai – 600032, Tamilnadu, India
Tel. No.:	91-44-22500988
Mobile No.:	91-9094794703 (Mr. Lordson)
Fax No.:	91-44-22501317
E-Mail :	rsvelu@sjvpl.com rsvelu@sunbrightdesigners.com
Website :	http://www.sjvpl.com
Location :	Owned
Locality :	Industrial

DIRECTORS

As on 30.04.2012

Name :	Mr. Senthil Jayaraman
Designation :	Director
Address :	4254, Sacramento Ave Fremont, California 094538
Date of Birth/Age :	10.06.1971
DIN No.:	03136773
Name :	Mr. Rangasamy Shanmugavelu
Designation :	Managing Director
Address :	201, Defence Officer Colony, Nandambakkam, Chennai – 600089, Tamilnadu, India
Date of Birth/Age :	30.06.1970
DIN No.:	00595687
Name :	Mr. Sureet Aujla Jayaraman
Designation :	Director
Address :	4254, Sacramento Ave Fremont, California 094538
Date of Birth/Age :	25.11.1970
Date of Appointment :	16.09.2013
DIN No.:	03116329

KEY EXECUTIVES

Address :	Mr. Lordson
Date of Birth/Age :	Accounts Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.04.2012

Names of Shareholders	No. of Shares	Percentage
Senthil Jayaraman	5000	50.00
Rangasamy Shanmugada	5000	50.00
Total	10000	100.00

BUSINESS DETAILS

Line of Business :	Trader of Pharmaceutical Products and steel product and agro product
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cash / Cheque
Purchasing :	Cash / Cheque

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
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 :

Reference :

V D Swami and company Private Limited, Chennai

Name of the Person :

Mr. Venkatraman (Finance)

Contact No.:

91-9841580247

Since How Long Known :

2 Years

Maximum Limit Dealt :

Depends

Experience :

Product Quality	Delivery Behaviour	Overall
Excellent	Excellent	Excellent

Remark:

Mr. Venkatraman informed that they satisfied with their product quality and delivery behavior, overall it’s a good company.

No. of Employees :

10 (Approximately)

Bankers :

Bank Name	UCO Bank
Branch	IBB Branch, Chennai, Tamilnadu, India
Person Name (With Designation)	Mr. Sevashish Malik (Chief Manager)
Contact Number	91-44-43405763
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)	Bill Discounting Rs.250.000 Million
Account Operation	Good
Remarks (If any)	Mr. Devashish Malik informed that they have satisfied with their payment behavior.

Bank Name	ICICI Bank
Branch	Ekkaduthangal Branch, Chennai, Tamilnadu, 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 :	Parimelachagan and Company Chartered Accountants
Address :	Chennai, Tamilnadu, India
Memberships :	--
Collaborators :	--
Associates/ Subsidiaries :	· Sunbright Industries (Private) Limited Module 4, SIDCO Readymade Garment complex, Industrial Estate, Guindy, Chennai – 600032, Tamilnadu, India

CAPITAL STRUCTURE

Authorised Capital:

No. of Shares	Type	Value	Amount
3000000	Equity Shares	Rs.10/- each	Rs.30.000 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
909223	Equity Shares	Rs.10/- each	Rs.9.092 Million

(AS ON 20.09.2013)

Authorised Capital: NOT AVAILABLE

Issued, Subscribed & Paid-up Capital: Rs.0.100 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	20.09.2013 Provisional	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	4.941	(0.051)
(c) Money received against share warrants	2.930	0.400
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1)+(2)	7.971	0.449
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.065
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.065
(4) Current Liabilities
(a) Short term borrowings	134.036	0.000
(b) Trade payables	562.874	0.000
(c) Other current liabilities	0.200	0.000
(d) Short-term provisions	0.000	0.000
Total Current Liabilities (4)	697.110	0.000
TOTAL	705.081	0.514
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.900	0.502
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	0.900	0.502
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	701.308	0.000
(d) Cash and cash equivalents	0.564	0.012
(e) Short-term loans and advances	2.309	0.000
(f) Other current assets	0.000	0.000
Total Current Assets	704.181	0.012
TOTAL	705.081	0.514

PROFIT & LOSS ACCOUNT

	PARTICULARS		20.09.2013 Provisional	31.03.2013
	SALES
		Revenue from Operations	693.739	0.000
		Other Income	0.000	0.000
		TOTAL (A)	693.739	0.000
Less	EXPENSES
		Cost of Materials Consumed	684.526	0.000
		Employee Benefits Expenses	0.000	0.000
		Other Expenses	0.069	0.049
		TOTAL (B)	684.595	0.049
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		9.144	(0.049)
Less	FINANCIAL EXPENSES (D)		4.151	0.002
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		4.993	(0.051)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.000	0.000
	PROFIT BEFORE TAX (E-F) (G)		4.993	(0.051)
Less	TAX (H)		0.000	0.000
	PROFIT AFTER TAX (G-H) (I)		4.993	(0.051)
	Earnings Per Share (Rs.)		499.23	(5.10)

Particulars	31.03.2015	31.03.2014
Sales Turnover (Approximately)	650.000	1100.000
	Due to market fluctuation

Expected Sales 2015-2016: Rs. 1000.000 Million

The above information has been parted by Mr. Lordson (Accounts Executive)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	20.09.2013	31.03.2013
Current Maturities of Long term debt	NA	NA
Cash generated from operations	NA	NA

KEY RATIOS

PARTICULARS		20.09.2013 Provisional	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	0.72	0.00
Operating Profit Margin (PBIDT/Sales)	(%)	1.32	0.00
Return on Total Assets (PBT/Total Assets}	(%)	0.71	(9.92)
Return on Investment (ROI) (PBT/Networth)		0.63	(0.11)
Debt Equity Ratio (Total Debt /Networth)		16.82	0.14
Current Ratio (Current Asset/Current Liability)		1.01	0.00

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	20.09.2013
	(Rs. In Million)	(Rs. In Million)
Share Capital	0.100	0.100
Reserves & Surplus	(0.051)	4.941
Money received against share warrants	0.400	2.930
Net worth	0.449	7.971
long-term borrowings	0.065	0.000
Short term borrowings	0.000	134.036
Total borrowings	0.065	134.036
Debt/Equity ratio	0.145	16.815

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	No
10	Date of Birth of Proprietor / Partners / Directors	No
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	No
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

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.63.62
UK Pound	1	Rs.99.89
Euro	1	Rs.70.76

INFORMATION DETAILS

Information Gathered by :	GAY
Analysis Done by :	KAS
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		27

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.