MIRA INFORM REPORT

Report No. :	326218
Report Date :	09.06.2015

IDENTIFICATION DETAILS

Name :	AIMIL INTERNATIONAL INSTRUMENTS PRIVATE LIMITED
Registered Office :	Naimax House, A-8, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi – 110044
Tel. No.:	91-11-30810213
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	17.04.2013
Com. Reg. No.:	55-250901
Capital Investment / Paid-up Capital :	Rs. 2.000 Million
CIN No.: [Company Identification No.]	U51909DL2013PTC250901
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELA32704A
PAN No.: [Permanent Account No.]	AALCA5254A
Legal Form :	Private Limited Liability Company
Line of Business :	Trader, Exporter and Importer of compression testing and universal testing.
No. of Employees :	20 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (14)

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 :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an associate company of “Aimil Ltd”. It is new company incorporate in April 2013 and it is having moderate track record. Subject is engaged in Trading, Exporting and Importing of compression testing and universal testing. Subject not only limits it trade to local market but it exports and imports good to foreign countries. From the financials of 2014, the company have achieve minimal sales turnover from its operation but it has incurred losses due to which company net worth has been eroded. However, trade relations are fair. Business is active. Payments terms are slow but correct. The company can be considered for business dealing with 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

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) DEFAILTERS’ 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. Dalveer Singh
Designation :	Secretary
Contact No.:	91-11-30810213
Date :	08.06.2015

LOCATIONS

Registered Office :	Naimax House, A-8, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi – 110044, India
Tel. No.:	91-11-30810213
Fax No.:	Not Available
E-Mail :	dalveersingh@aimil.com

DIRECTORS

AS ON 30.09.2014

Name :

Arvind Verma

Designation :

Director

Address :

N – 36, Greater Kailash – I, New Delhi – 110048, India

Date of Birth/Age :

15.05.1953

Date of Appointment :

17.04.2013

PAN No.:

00206073

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	U74899DL1972PLC006093	AIMIL LIMITED	Managing director	18/03/2014	18/08/1984	-	Active	NO
2	U29113DL2008PTC177135	TINIUS OLSEN INDIA PRIVATE LIMITED	Director	24/04/2008	24/04/2008	-	Active	NO
3	U28910DL2007PTC168136	Malvern-Aimil Instruments Private Limited	Director	23/12/2008	23/12/2008	-	Active	NO
4	U74140DL2011PTC223440	PRUFTECHNIK AIMIL TECHNICAL SERVICES PRIVATE LIMITED	Director	09/08/2011	09/08/2011	-	Active	NO
5	U51909DL2013PTC250901	AIMIL INTERNATIONAL INSTRUMENTS PRIVATE LIMITED	Director	17/04/2013	17/04/2013	-	Active	NO
6	U74900DL2015PTC280897	LUBE EXPERT PRIVATE LIMITED	Director	28/05/2015	28/05/2015	-	Active	NO

Name :

Rajendra Kumar Pillai

Designation :

Director

Address :

Tower No. 9/901, Plot No.38, Palm Beach Road, Sector – 1, Navi Mumbai - 400706, Maharashtra, India

Date of Birth/Age :

21.02.1958

Date of Appointment :

17.04.2013

PAN No.:

02222919

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	U28910DL2007PTC168136	Malvern-Aimil Instruments Private Limited	Director	23/12/2008	23/12/2008	05/06/2013	Active	NO
2	U91100MH2011NPL220328	US India Importers' Council	Director	01/08/2011	01/08/2011	-	Active	NO
3	U51909DL2013PTC250901	AIMIL INTERNATIONAL INSTRUMENTS PRIVATE LIMITED	Director	17/04/2013	17/04/2013	-	Active	NO

Name :

Mukand Jawaharlal

Designation :

Director

Address :

G-41A, 1^st Floor, Kalkaji, New Delhi – 110019, India

Date of Birth/Age :

31.12.1962

Date of Appointment :

17.04.2013

PAN No.:

06526997

Name :

Anita Rajendra Pillai

Designation :

Director

Address :

Tower No. 9/901, Plot No. 38, Palm Beach Road, Sector – 1, Navi Mumbai – 400706, Maharashtra, India

Date of Birth/Age :

10.09.1968

Date of Appointment :

17.04.2013

PAN No.:

06527036

KEY EXECUTIVES

Name :	Mr. Dalveer Singh
Designation :	Secretary

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	% of Holdings
Aimil Limited, India	980000	49.00
Pillai Kumar Rajendera, India	102000	51.00
Total	200000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Bodies corporate	49.00
Directors or relatives of Directors	51.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader, Exporter and Importer of compression testing and universal testing.
Products :	Not Divulged
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Finished Goods
Countries :	African Countries Ethiopia
Imports :	Not Divulged
Terms :
Selling :	L/C and Bank Transfer
Purchasing :	L/C and Bank Transfer

GENERAL INFORMATION

Suppliers :

Not Divulged

Reference :	Naimex
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 :

Not Divulged

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 :

20 (Approximately)

Bankers :

• State Bank of India, Okhala Branch, India
• HDFC Bank Limited, Vashi Branch, Mumbai, Maharashtra, India

Facilities :

--

Auditors :
Name :	Sanjay V Gupta and Associates Chartered Accountant
Address :	WZ-1003, Rani Bagh, Delhi – 110034, India
PAN No.:	ABBFS9849M
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs.10/- each	Rs. 2.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs.10/- each	Rs. 2.000 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	2.000
(b) Reserves & Surplus	(9.605)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	(7.605)
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(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)	0.000
(4) Current Liabilities
(a) Short term borrowings	11.200
(b) Trade payables	0.149
(c) Other current liabilities	1.405
(d) Short-term provisions	0.000
Total Current Liabilities (4)	12.754
TOTAL	5.149
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.091
(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	1.362
(e) Other Non-current assets	0.000
Total Non-Current Assets	1.453
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.109
(d) Cash and cash equivalents	3.380
(e) Short-term loans and advances	0.118
(f) Other current assets	0.089
Total Current Assets	3.696
TOTAL	5.149

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014
	SALES
		Income	0.832
		Other Income	0.125
		TOTAL	0.957
Less	EXPENSES
		Employees benefits expense	3.253
		Administrative expenses	7.158
		TOTAL	10.411
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(9.454)
Less	FINANCIAL EXPENSES		0.094
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		(9.548)
Less/ Add	DEPRECIATION/ AMORTISATION		0.056
	PROFIT BEFORE TAX		(9.604)
Less	TAX		0.000
	PROFIT AFTER TAX		(9.604)
	Earnings Per Share (Rs.)		(48.02)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

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

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT / Sales)	(%)	(1154.33)
Operating Profit Margin (PBIDT/Sales)	(%)	(1136.30)
Return on Total Assets (PBT/Total Assets}	(%)	(186.52)
Return on Investment (ROI) (PBT/Networth)		1.26
Debt Equity Ratio (Total Debt /Networth)		(1.47)
Current Ratio (Current Asset/Current Liability)		0.29

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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	No
18	Major suppliers	Yes
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 years	Yes
27	Reasons for variation <> 20%	----
28	Estimation for coming financial year	No
29	Profitability for last two 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

UNSECURED LOAN

Particulars	As on 31.03.2014
SHORT TERM BORROWING
Interest free loan from directors	11.200
Total	11.200

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. 64.11
UK Pound	1	Rs. 97.84
Euro	1	Rs. 71.12

INFORMATION DETAILS

Information Gathered by :	SPR
Analysis Done by :	KAS
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILITY	1~10	--
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	--
--CREDIT LINES	1~10	2
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		14

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.