MIRA INFORM REPORT

Report No. :	325682
Report Date :	06.06.2015

IDENTIFICATION DETAILS

Name :	VENTINO WINDOWS PRIVATE LIMITED
Registered Office :	Plot No: 303 E, Sector 59, Faridabad-121001, Haryana
Tel. No.:	91-12-94001040
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	04.02.2014
Com. Reg. No.:	05-051786
Capital Investment / Paid-up Capital :	Rs. 0.900 Million
CIN No.: [Company Identification No.]	U36912HR2014PTC051786
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 :	Manufacturer of door, Sliding door and UPVC window, etc.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

NB

NB	New Business

Maximum Credit Limit :	USD 2500
Status :	New Business
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is new company incorporated in February 2014. And it is establishing gradually. As claimed by Mr. Hitesh Goel (Director), the company have started its business activities from April 2014. As per available financial of 2014, the company have incurred pre-operational expenses. However, trade relation are improving. Business is active. Payments are reported to be unknown. In view of recently started operations, the company can be considered for business dealings on safe and secure 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

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 INFORMATION)

Name :	Mr. Hitesh Goel
Designation :	Director
Contact No.:	91-129-4001040
Date :	03.06.2015

LOCATIONS

Registered Office :	Plot No: 303 E, Sector 59, Faridabad-121001, Haryana, India
Tel. No.:	91-12-94001040
Mobile No.:	91-9891020467 (Ms. Surbhi)
Fax No.:	Not Available
E-Mail :	info@ventino.in/hitesh .goel
Website :	http://www.ventino.in

DIRECTORS

AS ON: 30.09.2014

Name :

Mr. Hitesh Goel

Designation :

Director

Address :

615, Sector 14, Faridabad-121007, Haryana, India

Date of Birth/Age :

04.11.1985

Date of Appointment :

04.02.2014

DIN No.:

00539345

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	U29203DL1997PTC089278	SUPREME AGM ACCORD APPLIANCES PRIVATE LIMITED	Director	23/01/2004	23/01/2004	25/04/2009	Active	NO
2	U74899DL1997PTC085336	SHIVA GHT ENGINEERING PRIVATE LIMITED	Director	23/02/2004	23/02/2004	-	Active	NO
3	U36912HR2014PTC051786	VENTINO WINDOWS PRIVATE LIMITED	Director	04/02/2014	04/02/2014	-	Active	NO

Name :

Mr. Rishabh Aggarwal

Designation :

Director

Address :

2056, Sector-B-2, Vasant Kunj Rock View Apartment, Delhi-110070, India

Date of Birth/Age :

13.12.1985

Date of Appointment :

04.02.2014

DIN No.:

06555516

Name :

Mr. Kunal Behani

Designation :

Director

Address :

House No-710, Sector-14, Faridabad-121002, Haryana, India

Date of Birth/Age :

09.11.1985

Date of Appointment :

04.02.2014

DIN No.:

06721371

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON: 30.09.2014

Names of Shareholders	No. of Shares
Hitesh Goel	30000
Rishabh Agarwal	30000
Kunal Behani	30000
Total	90000

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 :	Manufacturer of door, Sliding door and UPVC window, etc.
Products :	PVC strengthen tube PVC rigid profiles UPVC door profiles PVC tile trim Plastic profiles PVC flexible profiles
Brand Names :	Not Available
Agencies Held :	Not Available
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 :

Not Divulged

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 :
Name :	Dinesh Aarti and Associates Chartered Accountants
Address :	231, Vardhman Star Shop Mall, Sector-19, Faridabad-121002, Haryana, India
Tel. No:	91-129-4031852
Mob. No:	91-9811195852
E-mail:	cadinesh223@gmail.com
PAN No.:	ADLPA1002E
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON: 30.09.2014

Authorized Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs. 1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
90000	Equity Shares	Rs.10/- each	Rs. 0.900 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.900
(b) Reserves & Surplus	(0.024)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.876
(3) Non-Current Liabilities
(a) long-term borrowings	0.340
(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)	0.340
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	0.000
(c) Other current liabilities	0.442
(d) Short-term provisions	0.000
Total Current Liabilities (4)	0.442
TOTAL	1.658
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	0.037
Total Non-Current Assets	0.037
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.000
(d) Cash and cash equivalents	1.296
(e) Short-term loans and advances	0.325
(f) Other current assets	0.000
Total Current Assets	1.621
TOTAL	1.658

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2014
SALES
Income	0.000
Other Income	0.000
TOTAL	0.000
EXPENSES
Other expenses	0.024
TOTAL	0.024
PROFIT/ (LOSS) BEFORE TAX	(0.024)
TAX	0.000
PROFIT/ (LOSS) AFTER TAX	(0.024)
Earnings / (Loss) Per Share (Rs.)	(0.27)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	313.03.2014
Current Maturities of Long term debt	NA
Cash generated from operations	NA

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT / Sales)	(%)	NA
Operating Profit Margin (PBIDT/Sales)	(%)	NA
Return on Total Assets (PBT/Total Assets}	(%)	(1.45)
Return on Investment (ROI) (PBT/Networth)		(0.03)
Debt Equity Ratio (Total Debt /Networth)		0.39
Current Ratio (Current Asset/Current Liability)		3.67

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	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
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 Two Month	No
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last Two Month	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

FINANCIAL RESULTS;

The Profit and Loss Account of the company shows a Net Loss amounting to Rs. 0.024 Million

GENERAL REVIEW:

The company’s performance was not satisfactory during the year. The company could not achieve its

turn over as well it could not achieve its target of Net Profit. Your Directors are hopeful that the company shall be able to achieve its target of Net Profit in the year to come. The future of the company seems to be bright.

UNSECURED LOAN:

PARTICULARS	31.03.2014 (Rs. in Million)
Long Term Borrowing:
Rishabh Agarwal	0.070
Kunal Behani	0.120
Hitesh Goel	0.150
Total	0.340

INDEX OF CHARGES:

No Charges Exist for the 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. 63.90
UK Pound	1	Rs. 97.98
Euro	1	Rs. 71.82

INFORMATION DETAILS

Information Gathered by :	GYT
Report Prepared by :	THR

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.