MIRA INFORM REPORT

Report No. :	330148
Report Date :	06.07.2015

IDENTIFICATION DETAILS

Name :	K L B INSTRUMENTS COMPANY PRIVATE LIMITED
Registered Office :	1E/17, Jhandewalan Extension, P.B. No. 5726, New Delhi -110055
Tel. No.:	91-11-41543333/ 23541900
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	20.08.1984
Com. Reg. No.:	55-019015
Capital Investment / Paid-up Capital :	Rs. 0.500 Million
CIN No.: [Company Identification No.]	U74899DL1984PTC019015
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELK05561D
PAN No.: [Permanent Account No.]	AAACK0279Q
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Importer of Scientific Instruments, Apparatus and Appliances.
No. of Employees :	95 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Maximum Credit Limit :	USD 53000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an old established company incorporated during the year 1984 having a satisfactory track record. The company is progressing well. General financial position of the company is normal and acceptable for business dealings. Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct. The company can be considered normal 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.

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 (GENERAL DETAILS)

Name :	Mr. Vidya Sagar Paul
Designation :	Director
Contact No.:	91-9899966066
Date :	03.07.2015

LOCATIONS

Registered Office :	1E/17, Jhandewalan Extension, P.B. No. 5726, New Delhi -110055, India
Tel. No.:	91-11-41543333/ 23541900
Fax No.:	91-11-41540519
E-Mail :	ajc.india@rediffmail.com klb@vsnl.com info@klb.in admin@klb.in
Location :	Owned
Wareshouse :	Ground Floor, Jhande Walan Extn., New Delhi – 110055, India

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Vidya Sagar Paul

Designation :

Director

Address :

B-275, Greater Kailash-I, New Delhi – 110048, India

Date of Birth/Age :

12.02.1957

Date of Appointment :

20.08.1984

DIN No.:

00834558

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	U74899DL1984PTC019015	K L B INSTRUMENTS COMPANY PRIVATE LIMITED	Director	20-08-1984	20-08-1984	-	Active	NO
2	U72190DL1986PLC024134	ANU INDUSTRIES LIMITED	Director	30-09-2013	27-07-2012	-	Active	NO

Name :

Mr. Ravi Paul

Designation :

Director

Address :

B-275, Greater Kailash-I, New Delhi – 110048, India

Date of Birth/Age :

14.02.1956

Date of Appointment :

20.08.1984

DIN No.:

00834616

Name :

Mr. Diwaker Paul

Designation :

Director

Address :

B-275, Greater Kailash-I, New Delhi – 110048, India

Date of Birth/Age :

10.06.1960

Date of Appointment :

20.08.1984

DIN No.:

00873679

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Vidya Sagar Paul	1480
Ravi Paul	1590
Diwaker Paul	1930
Total	5000

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Other top fifty shareholders	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and Importer of Scientific Instruments, Apparatus and Appliances.
Products :	Scientific Instruments Apparatus Appliances etc.
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :
Products :	Finished Goods
Countries :	· Germany · France · Japan · Europe · USA · Canada
Terms :
Selling :	Cash and L/C
Purchasing :	Cash and L/C

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	NIDEK, Tokyo
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 :

Retailers and End Users

Reference :	CSIR Lab, Pune
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 :

95 (Approximately)

Bankers :

· Punjab National Bank, Delhi, India

· HDFC Bank Limited

· Yes Bank, New Delhi, India

• Central Bank of India, Mumbai, Maharashtra, India

Banker Name	State Bank of Mysore
Branch Address	Karol Bagh, Delhi, 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

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Rupee Car Loan From Bank (Loans have been taken from Banks for purchase of cars. Under the loan agreements / financial documents these loans are secured by hypothecation of these cars)	0.633	1.850
Total	0.633	1.850

Auditors :
Name :	Awatar and Company Chartered Accountant
Address :	1203, Rohit House, 3, Tolstoy Marg, New Delhi – 110001, India
Tel. No.:	91-11-23315870/ 23320537
Fax No.:	91-11-23358544
PAN N Income-tax PAN of auditor or auditor's firm :	AABPA7082P
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
5000	Equity Shares	Rs.100/- each	Rs.0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5000	Equity Shares	Rs.100/- each	Rs.0.500 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.500	0.500	0.500
(b) Reserves & Surplus	18.372	13.410	11.273
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	18.872	13.910	11.773
(3) Non-Current Liabilities
(a) long-term borrowings	0.633	1.850	3.346
(b) Deferred tax liabilities (Net)	0.642	0.000	9.168
(c) Other long term liabilities	0.000	6.695	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	1.275	8.545	12.514
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	245.125	162.078	143.748
(c) Other current liabilities	39.852	25.463	32.056
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	284.977	187.541	175.804
TOTAL	305.124	209.996	200.091
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	11.619	9.582	10.452
(ii) Intangible Assets	0.000	0.000	0.003
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	7.323	4.267	3.275
(e) Other Non-current assets	0.000	1.814	2.188
Total Non-Current Assets	18.942	15.663	15.918
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	72.796	56.300	64.141
(c) Trade receivables	175.871	116.961	102.040
(d) Cash and cash equivalents	14.737	13.399	9.212
(e) Short-term loans and advances	2.827	2.446	3.817
(f) Other current assets	19.951	5.227	4.963
Total Current Assets	286.182	194.333	184.173
TOTAL	305.124	209.996	200.091

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	NA	NA	401.048
	Other Income	NA	NA	0.929
	TOTAL	NA	NA	401.977
	EXPENSES TOTAL	NA	NA	397.230
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	4.961	4.961	4.747
Less/ Add	DEPRECIATION/ AMORTISATION	1.556	1.773	2.064
	PROFIT/ (LOSS) BEFORE TAX	3.405	3.188	2.683
Less	TAX	2.017	1.050	0.91
	PROFIT/ (LOSS) AFTER TAX	1.388	2.138	1.773
	Earnings / (Loss) Per Share (Rs.)	277.60	427.60	354.60

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	NA	NA	0.44
Operating Profit Margin (PBIDT/Sales)	(%)	NA	NA	1.18
Return on Total Assets (PBT/Total Assets}	(%)	1.12	1.52	1.34
Return on Investment (ROI) (PBT/Networth)		0.18	0.23	0.23
Debt Equity Ratio (Total Debt /Networth)		0.03	0.13	0.28
Current Ratio (Current Asset/Current Liability)		1.00	1.04	1.05

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	0.500	0.500	0.500
Reserves & Surplus	11.273	13.410	18.372
Net worth	11.773	13.910	18.872
long-term borrowings	3.346	1.850	0.633
Short term borrowings	0.000	0.000	0.000
Total borrowings	3.346	1.850	0.633
Debt/Equity ratio	0.284	0.133	0.034

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	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
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	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
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	No
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

FINANCIAL PERFORMANCE

The activities of the company have resulted in net profit of Rs. 4.961 Million after providing for depreciation of Rs. 1.556 Million and provision for Income Tax of Rs. 1.375 Million and Deferred Tax of Rs. 0.642 Million as compared to net profit of Rs. 2.138 Million after providing for depreciation of Rs. 1.773 Million and provision for Income Tax of Rs. 1.050 Million and Deferred Tax of Rs. Nil last year. The company has good order book position and enjoys confidence and support of its principals and customers. The directors hope to achieve better results during the current year.

During the year the company has not taken any deposits from public.

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	90050144	29/10/2003	165,000.00	STATE BANK OF MYSORE	KAROL BAGH, NEW DELHI, Delhi - 110005, INDIA	-

FIXED ASSETS

Tangible Assets

· Plan and Machinery

· Computer

· Furniture and Fixture

· Vehicles

· Building

· Tools

Intangible Assets

· Computer Software

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.63.40
UK Pound	1	Rs.98.94
Euro	1	Rs.70.33

INFORMATION DETAILS

Information Gathered by :	SUV
Analysis Done by :	DIV
Report Prepared by :	GTA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		46

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.