MIRA INFORM REPORT

Report No. :	331479
Report Date :	10.07.2015

IDENTIFICATION DETAILS

Name :	UNILAZER VENTURES PRIVATE LIMITED (w.e.f. 13.02.2013)

Formerly Known As :	UNILAZER VENTURES LIMITED (w.e.f. 16.03.2012) UNILAZER EXPORTS AND MANAGEMENT CONSULTANTS PRIVATE LIMITED

Registered Office :	Nishuvi, 3rd Floor, 75, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra
Tel. No.:	91-22-61093730

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	11.07.1991

Com. Reg. No.:	062464

Capital Investment / Paid-up Capital :	Rs.35.752 Million

CIN No.: [Company Identification No.]	U99999MH1991PTC062464

IEC No.:	Not Available

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 :	The company are trading in commodities and business of healthcare, agriculture, sports etc.

No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Status :	Satisfactory

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject is well-established private limited company incorporated in the year 1991, having satisfactory track. Rating takes into consideration the company’s sound financial risk profile marked by strong networth base and debt free capital structure of the company liquidity of the company seems to be sound. However, company has reported decrease in its sales turnover and incurred losses from its operations FY 14. However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct. In view of strong capital base, the company can be considered for business dealings with 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.

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 DENIED BY

Name :	Mr. Shailesh
Designation :	Accounts Department
Contact No.:	91-22-61093730
Date :	10.07.2015

LOCATIONS

Registered Office / Corporate Office:	Nishuvi, 3rd Floor, 75, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India
Tel. No.:	91-22-61093730 / 61093749 / 6109749 / 61093745
Fax No.:	91-22-61093722
E-Mail :	benaz.kerawala@unilazer.com gurbaksh.virdi@unilazer.com rahul.kamboj@unilazer.com lina.gokarn@unilazer.com radhika.dhebar@unilazer.com
Website :	http://www.usports.in www.unilazer.com

DIRECTORS

AS ON 30.09.2014

Name :	Deven Harendranath Khote
Designation :	Additional director
Address :	1-15 Ashoka Apartment, 1st Floor, Runghta Road, Off. Napeansea Road, Mumbai - 400026, Maharashtra, India
Date of Appointment :	08.10.2014
DIN No.:	00003461

Name :	Shefali Narendra Kapadia
Designation :	Additional director
Address :	26, Thakur Niwas, 173 J. Tata, Road, Mumbai - 400020, Maharashtra, India
Date of Appointment :	08.10.2014
DIN No.:	02022417

Name :	Zarina Rohinton Screwvala
Designation :	Whole-time director
Address :	Breach Candy House, Flat No. 11/12, 68, Bhulabhai Desai Road, Mumbai - 400026, Maharashtra, India
Date of Birth/Age :	06.11.1961
Date of Appointment :	28.04.2000
DIN No.:	00004518

Name :	Trishya Rohinton Screwvala
Designation :	Whole-time director
Address :	113 Maker Tower, H Cuffe Parade, Colaba, Mumbai - 400005, Maharashtra, India
Date of Birth/Age :	12.11.1986
Date of Appointment :	24.05.2007
DIN No.:	01444137

KEY EXECUTIVES

Name :	Mr. Shailesh
Designation :	Accounts Department

Name :	Sanjay Parab and Company
Designation :	Company Secretaries

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Trishya Rohinton Screwvala	45500
Zarina Rohinton Screwvala	3
Rohinton Screwvala	3529687

Total	3575190

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00

Total	100.00

BUSINESS DETAILS

Line of Business :	The company are trading in commodities and business of healthcare, agriculture, sports etc.

Products :	Healthcare, agriculture, sports etc.

Brand Names :	Not Divulged

Agencies Held :	Not Divulged

Exports :	Not Divulged

Imports :	Not Divulged

Terms :	Not Divulged

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 :	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

No. of Employees :

Information declined by the management.

Bankers :

Bank Name	Standard Chartered Bank
Branch	SME Credit, 23-25 M G Road, Fort, Mumbai - 400001, Maharashtra, 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 :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Short-term borrowings
Loans from financial institution [Secured against lien on certain Equity Mutual Funds and personal guarantee of Mrs. Zarina Rohinton Screwvala – repayable within 12 months]	0.000	215.000
Total	0.000	215.000

Financial Institution :	IDBI Trusteeship Services Limited, Ground Floor, Asian Building 17, R Kamani Marg, Ballard Estate, Mumbai - 400001, Maharashtra, India

Auditors :
Name :	Nisar and Kumar Chartered Accountants
Address :	A/17, Everest Building, Tardeo Road, Tardeo, Mumbai – 400034, Maharashtra, India
PAN No.:	AACFN8765B

Memberships :	--

Collaborators :	--

subsidiary company:	Unilazer Agri Private Limited [U74990MH2010PTC207065] Unilazer Holdings Pte. Limited Unilazer (Hongkong) Limited Vijay Broadcasting Company Private Limited (Ceased to exists w.e.f.05.11.2013)

Step down subsidiary :	Aptech Agri Products Private Limited Indore Agritech Fields Private Limited Indore Agritech Opportunities Private Limited Indore Agritech Pomegranates Private Limited Indore Agritech Ventures (India) Private Limited Indore Agritech Vikas (India) Private Limited Unnati Farms (India) Private Limited Ujagar Farms Private Limited Unilazer Sports Management Private Limited [Formerly known as Ujagar Farms Private Limited] F.C. Mumba Sports Management Private Limited [Formerly known as Dharower Farms Private Limited] Mellow Farms Private Limited Rhythm Agrivikas Private Limited Ripen Agrifields Private Limited Indotech Agri Farms Private Limited Annant Agri Developers Private Limited

Enterprises over which key management personnel are able to exercise significant influence :	Society to Heal Aid Restore Educate (Swades Foundation)

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

19,960,000	Equity Shares	Rs.10/- each	Rs.199.600 Million
4,000	Preference Shares	Rs.100/- each	Rs.0.400 Million
	Total		Rs.200.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

3,575,190	Equity Shares	Rs.10/- each	Rs.35.752 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	35.752	35.752	35.752
(b) Reserves & Surplus	3981.874	4477.913	4445.878
(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)	4017.626	4513.665	4481.630

(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	4.449	4.449	4.449
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	4.449	4.449	4.449

(4) Current Liabilities
(a) Short term borrowings	0.000	215.000	0.000
(b) Trade payables	11.746	13.293	3.431
(c) Other current liabilities	3.457	49.687	51.423
(d) Short-term provisions	0.631	0.934	0.206
Total Current Liabilities (4)	15.834	278.914	55.060

TOTAL	4037.909	4797.028	4541.139

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	39.719	18.860	15.157
(ii) Intangible Assets	0.307	0.307	0.212
(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	3224.665	2752.914	1425.104
(c) Deferred tax assets (net)	0.000	0.000	24.329
(d) Long-term Loan and Advances	385.016	378.797	313.913
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	3649.707	3150.878	1778.715

(2) Current assets
(a) Current investments	308.038	1012.292	1954.536
(b) Inventories	0.000	0.000	403.332
(c) Trade receivables	10.642	0.882	0.896
(d) Cash and cash equivalents	37.140	125.285	71.570
(e) Short-term loans and advances	6.217	485.776	325.760
(f) Other current assets	26.165	21.915	6.330
Total Current Assets	388.202	1646.150	2762.424

TOTAL	4037.909	4797.028	4541.139

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	644.207	1263.854	1412.157
	Other Income
	TOTAL	644.207	1263.854	1412.157

Less	EXPENSES
	TOTAL	1048.618	1125.175	396.542

	PROFIT / (LOSS) BEFORE TAX, EXCEPTIONAL ITEMS	(404.411)	138.679	1015.615

Less/ Add	EXCEPTIONAL ITEMS	0.000	0.000	(3920.959)

	PROFIT/ (LOSS) BEFORE TAX	(404.411)	138.679	4936.574

Less	TAX	12.974	106.643	590.716

	PROFIT/ (LOSS) AFTER TAX	(417.385)	32.036	4345.858

	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	79.093	NIL	1149.624
	TOTAL EARNINGS	79.093	NIL	1149.624

	Earnings / (Loss) Per Share (Rs.)	(116.74)	8.96	1215.56

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 by / (used in)operations	(148.891)	33.234	(623.770)
Net cash flow from (used in) operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	(49.73)	6.78	159.67

Return on Investment (ROI) (PBT/Networth)		(0.10)	0.03	1.10

Debt Equity Ratio (Total Debt /Networth)		0.00	0.05	0.00

Current Ratio (Current Asset/Current Liability)		24.52	5.90	50.17

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	35.752	35.752	35.752
Reserves & Surplus	4445.878	4477.913	3981.874
Share Application money pending allotment	0.000	0.000	0.000
Net worth	4481.630	4513.665	4017.626

long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	215.000	0.000
Total borrowings	0.000	215.000	0.000
Debt/Equity ratio	0.000	0.048	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	1412.157	1263.854	644.207
		(10.502)	(49.028)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	1412.157	1263.854	644.207
Profit	4345.858	32.036	(417.385)
	307.75%	2.53%	(64.79%)

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	No
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	No
17	Details of sister concerns	Yes
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	No
35	Negative Reporting by Auditors in the Annual Report	No

CONTINGENT LIABILITIES NOT PROVIDED FOR

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Stand by letter of Credit

0.000

206.913

Disputed Income Tax Demands

2.697

Index of charges : No Charges Exist for Company

Background of the company

The company formerly known as Unilazer Ventures Limited was incorporated in India under the companies Act, 1956 on July 11, 1191. The company got converted to a private limited company on February 13, 2013. The main operations of the company are trading in Commodities and business of healthcare, agriculture, sports etc.

BUSINESS REVIEW

During the year, the company achieved total gross revenue of Rs.644.207 Million as compared to Rs.1263.854 Million in the previous year.

Total operating revenue including revenue from commodities trading activities amounted to Rs. 330.553 Million in the current year as against Rs.860.846 Million in previous year.

The company has reported a loss before tax of Rs.404.411 Million and loss after tax of Rs.417.385 Million in the current year as against a profit before tax of Rs.138.679 Million and profit after tax of Rs.32.035 Million in the previous year.

Note :

The registered office of the company has been shifted from Solitaire Corporate Park, Building No.5,7th Floor, Unit No 1 and 2, Andheri Kurla Road, Andheri (East), Mumbai – 400093, Maharashtra, India to the present address w.e.f. 02.01.2014.

FIXED ASSETS

Tangible assets

Air conditioners
Office Equipment
Vehicle
Computer
Plant and Machinery
Leasehold Improvement

Intangible Assets

Software
Website

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.63.51
UK Pound	1	Rs.97.85
Euro	1	Rs.70.50

INFORMATION DETAILS

Information Gathered by :	KMN

Analysis Done by :	KIN

Report Prepared by :	SNT

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	6
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	4
--RESERVES	1~10	6
--CREDIT LINES	1~10	4
--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		43

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.