MIRA INFORM REPORT

Report No. :	326023
Report Date :	10.06.2015

IDENTIFICATION DETAILS

Name :	AEGIS INFERASOLUTIONS (INDIA) PRIVATE LIMITED
Registered Office :	Shop No.17, Akurath, Co-op HSG Society Limited, Plot No. 11, Sector14, Sanpada, Navi Mumbai – 400705, Maharashtra
Tel. No.:	91-22-27812550
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	03.11.2011
Com. Reg. No.:	11-223622
Capital Investment / Paid-up Capital :	Rs.0.500 Million
CIN No.: [Company Identification No.]	U51101MH2011PTC223622
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 :	Trading and Supplier of ASR Shutters, Automatic and Manual revolving doors, Automatic door systems, Automatic Sliding door operations, Building safety solutions access control systems etc.
No. of Employees :	39 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (13)

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
Litigation :	Clear
Comments :	Subject is relatively a new company, established during the year 2011 but it has commenced its business in April-2014. In the view of financial 2014 the company has incurred pre operated expenses which has eroded net worth of the company. However, Mr. Sheetal the accountant of the company has provided the expectation sales turnover of the financial year 2014-2015 as Rs.15.000 Million. Which is not verified. Business is active. Payments terms are slow. The company can be considered for business dealings on safe and secured trade terms and trade 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 :	Ms. Sheetal
Designation :	Accountant
Contact No.:	91-22-27812550
Date :	04.06.2015

LOCATIONS

Registered Office / Warerhouse :	Shop No.17, Akurath, Co-op HSG Society Limited, Plot No. 11, Sector14, Sanpada, Navi Mumbai – 400705, Maharashtra, India
Tel. No.:	91-22-27812550
Mobile No.:	91-9167950510 (Mr. Anand)
Fax No.:	91-22-27812550
E-Mail :	accounts@aegisinfra.in
Website :	http://www.aegisinfra.com
Sister Concern Address :	C-16, Shah Complex-1, Palm Beach Road, Sector – 13, Sanpada, Navi Mumbai – 400705, Maharashtra, India

DIRECTORS

As on 30.09.2014

Name :

Ms. Urmila Sharma

Designation :

Managing Director

Address :

Flat No.605, Sector14, Shah Complex-IV, Palm Beach Road, Sanpada, Navi Mumbai – 400705, Maharashtra, India

Date of Birth/Age :

15.01.1978

Date of Appointment :

03.11.2011

DIN No.:

03612495

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	U51101MH2011PTC223622	AEGIS INFRASOLUTIONS (INDIA) PRIVATE LIMITED	Managing director	03/11/2011	03/11/2011	-	Active	NO
2	U51900MH2013PTC240804	Aegis Infrasolutions Private Limited	Director	01/03/2013	01/03/2013	-	Active	NO

Name :

Mr. Anand Prakash Sharma

Designation :

Director

Address :

Flat No.605, Sector14, Shah Complex-IV, Palm Beach Road, Sanpada, Navi Mumbai – 400705, Maharashtra, India

Date of Birth/Age :

21.02.1978

Date of Appointment :

14.08.2012

DIN No.:

05353878

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	U51101MH2011PTC223622	AEGIS INFRASOLUTIONS (INDIA) PRIVATE LIMITED	Director	14/08/2012	14/08/2012	-	Active	NO
2	U51900MH2013PTC240804	Aegis Infrasolutions Private Limited	Director	01/03/2013	01/03/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sheetal
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Urmila Sharma	4999
Anand Prakash Sharma	01
Total	5000

As on 11.03.2015

Names of Allottee	No. of Shares
Urmila Sharma	4000
Total	4000

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 :	Supplier of ASR Shutters, Automatic and Manual revolving doors, Automatic door systems, Automatic Sliding door operations, Building safety solutions access control systems etc.
Products :	Glass Systems High Security Locks Industrial Doors Entrance Doors Floor Spring Door Stoppers ASR Shutters Automatic door systems Automatic Sliding door operations Ventilation Swing Door Systems Window Hardware
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	L/C and Credit
Purchasing :	L/C and Credit

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 :

39 (Approximately)

Bankers :

Bank Name	Axis Bank Limited
Branch	Sanpada Branch, Navi Mumbai, 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
Bank Name	IDBI Bank
Branch	Sanpada Branch

Auditors :
Name :	V. Palkar and Company Chartered Accountants
Address :	6, Shiv Mandir CHS Limited, Plot No. 4, Sector 13, Sanpada, Navi Mumbai – 400705, Maharashtra, India
Tel. No.:	91-22-27812246/48
Mobile No.:	91-9867081028 / 9820528148
E-Mail :	info@vpalkar.com
Website :	www.vpalkar.com
PAN N Income-tax PAN of auditor or auditor's firm :	BBHPP5039D
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern : (As confirmed by the management )	Aegis Infrastructure Private Limited

CAPITAL STRUCTURE

After As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
9000	Equity Shares	Rs.100/- each	Rs.0.900 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
9000	Equity Shares	Rs.100/- each	Rs.0.900 Million

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	(5.094)	(2.182)	(0.301)
(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)	(4.594)	(1.682)	0.199
(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	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	4.732	1.580	0.000
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	0.052	0.000	0.010
(d) Short-term provisions	0.308	0.195	0.005
Total Current Liabilities (4)	5.092	1.775	0.015
TOTAL	0.498	0.093	0.214
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000	0.000
(ii) Intangible Assets	0.000	0.000	0.000
(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	0.104	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	0.104	0.000	0.000
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	0.119	0.093	0.214
(e) Short-term loans and advances	0.275	0.000	0.000
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	0.394	0.093	0.214
TOTAL	0.498	0.093	0.214

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Gross Income	0.007	0.000
	Other Income	NA	NA
	TOTAL	NA	NA	NA
Less	TOTAL EXPENSES	NA	NA	NA
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	(2.912)	(1.881)	NA
Less/ Add	DEPRECIATION/ AMORTISATION	0.000	0.000	NA
	PROFIT/ (LOSS) BEFORE TAX	(2.912)	(1.881)	NA
Less	TAX	0.000	0.000	NA
	PROFIT/ (LOSS) AFTER TAX	(2.912)	(1.881)	(0.301)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	(2.182)	(0.301)	0.000
	Balance Carried to the B/S	(5.094)	(2.182)	(0.301)
	Earnings / (Loss) Per Share (Rs.)	58.24	37.62	6.02

Particulars	31.03.2015
Sales Turnover	15.000

The above information has been parted by Ms. Sheetal (Accountant)

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
Return on Total Assets (PBT/Total Assets}	(%)	(584.74)	NA	NA
Return on Investment (ROI) (PBT/Networth)		0.63	1.12	0.00
Debt Equity Ratio (Total Debt /Networth)		(1.03)	(0.94)	0.00
Current Ratio (Current Asset/Current Liability)		0.08	0.05	14.27

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	(0.301)	(2.182)	(5.094)
Net worth	0.199	(1.682)	(4.594)
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	1.580	4.732
Total borrowings	0.000	1.580	4.732
Debt/Equity ratio	0.000	(0.939)	(1.030)

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	Yes
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	No
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 two years and 4 months	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

Unsecured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Short-term borrowings
Loans and advances from related parties	4.732	1.580
(Terms of payment : Payable of Demand)
Total	4.732	1.580

INDEX OF CHARGES : NO CHARGES EXIST FRO 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.63.64
UK Pound	1	Rs.98.27
Euro	1	Rs.72.37

INFORMATION DETAILS

Information Gathered by :	SPR
Analysis Done by :	KSH
Report Prepared by :	SUJ

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	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--MARGINS	-5~5	---
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		13

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.