MIRA INFORM REPORT

Report No. :	326778
Report Date :	12.06.2015

IDENTIFICATION DETAILS

Name :	KSP STEEL VYAPAAR PRIVATE LIMITED
Registered Office :	5, Surendra Mohan Ghosh Sarani, Kolkata – 700001, West Bengal
Tel. No.:	91-9831089359
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	29.11.2006
Com. Reg. No.:	21-111964
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U27105WB2006PTC111964
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 :	Trader and Supplier of Iron and Steel Products.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

B (26)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Ksp Steel Vyapaar Private Limited is a Private Limited incorporated on 29 November 2006. It is classified as Indian Non-Government Company and is registered at registrar of companies, Kolkata. Its authorized share capital is Rs.1.000 Million and its paid up capital is Rs.0.100 Million. It is having a moderate track. Mr. Satish Kumar Ladhaniy (Director) has denied to disclose any information to us. As per Director’s Report, the company has not undertaken any business operation during the FY 2012-2013. Further, it has earned minimal income of Rs.5.283 Million and profit of Rs.0.057 Million for the FY 2013-2014. The rating also takes into consideration weak business risk profit and moderate scale of operations. However, trade relations are fair. Business is active. Payments terms are reported to be slow. The company can be considered for business dealings with some cautions.

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 DENIED BY

Name :	Mr. Satish Kumar Ladhaniy
Designation :	Director
Contact No.:	91-9831089359
Date :	11.06.2015

LOCATIONS

Registered Office :	5, Surendra Mohan Ghosh Sarani, Kolkata – 700001, West Bengal, India
Tel. No.:	Not Available
Mobile No.:	91-9831089359
Fax No.:	Not Available
E-Mail :	ksp0208@gmail.com ladhania123@gmail.com

DIRECTORS

As on 30.09.2014

Name :

Mr. Satish Kumar Ladhania

Designation :

Director

Address :

Panchwati Complex, Gangotri Appartment, Flat - 3B, 3^rd Floor, Kolkata – 700052, West Bengal, India

Date of Birth/Age :

13.10.1978

Date of Appointment :

29.11.2006

DIN No.:

02209159

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	U27107WB2004PTC100815	V L STEELS PRIVATE LIMITED	Director	23/12/2004	23/12/2004	-	Active	NO
2	U27105WB2006PTC111964	KSP STEEL VYAPAAR PRIVATE LIMITED	Director	29/11/2006	29/11/2006	-	Active	NO
3	U27101WB2006PTC111996	SHYAM MACHINE TOOLS & ENGG. PRIVATE LIMITED	Director	05/12/2006	05/12/2006	-	Active	NO
4	U29199WB2007PTC115121	ASSOCIATED ELECTRO ENGINEERING PRIVATE LIMITED	Director	11/04/2007	11/04/2007	-	Active	NO
5	U29190WB2007PTC115124	STARSHINE ENGINEERING (INDIA) PRIVATE LIMITED	Director	11/04/2007	11/04/2007	-	Active	NO
6	U29308WB2007PTC115134	ACCURATE ELECTRO-MECH FABRICATORS PRIVATE LIMITED	Director	12/04/2007	12/04/2007	-	Active	NO
7	U51909WB2008PTC124378	SUBHLABH COMMTRADE PRIVATE LIMTIED	Director	03/06/2009	03/06/2009	-	Active	NO
8	U51909WB2008PTC124321	ANURODH DEALER PRIVATE LIMITED	Director	03/06/2009	03/06/2009	-	Active	NO
9	U93000WB2010PTC148670	KSP COMMERCIAL SERVICES PRIVATE LIMITED	Director	20/05/2010	20/05/2010	-	Active	NO
10	U27100WB2010PTC148672	SYNDICATE ISPAT (INDIA) PRIVATE LIMITED	Director	20/05/2010	20/05/2010	-	Active	NO
11	U31900WB2010PTC148674	ULTRA TECHNO-MECH ENGINEERING PRIVATE LIMITED	Director	20/05/2010	20/05/2010	-	Active	NO
12	U29253WB2011PTC158408	S L MECHANICAL ENGINEERING EQUIPMENTS PRIVATE LIMITED	Director	02/02/2011	02/02/2011	09/02/2015	Active	NO

Name :

Mr. Shree Gopal Khandelwal

Designation :

Director

Address :

1 / 2, Tara Chand Pally Lane, Howrah – 711104, West Bengal, India

Date of Birth/Age :

07.01.1963

Date of Appointment :

29.11.2006

DIN No.:

02209208

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	U27105WB2006PTC111964	KSP STEEL VYAPAAR PRIVATE LIMITED	Director	29/11/2006	29/11/2006	-	Active	NO
2	U51909WB2008PTC124321	ANURODH DEALER PRIVATE LIMITED	Director	03/06/2009	03/06/2009	-	Active	NO
3	U51909WB2008PTC124338	NIGHTANGLE VANIJYA PRIVATE LIMITED	Director	03/06/2009	03/06/2009	-	Active	NO

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Satish Kumar Ladhania	5000	50.00
Shree Gopal Khandelwal	5000	50.00
Total	10000	100.00

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and Supplier of Iron and Steel Products.
Products :	Iron Steel Products
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

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 :

Information declined by the management.

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 :	SK. Kalimuddin and Company Chartered Accountants
Address :	83/28, Dum Dum Road, Kolkata – 700074, West Bengal, India
Tel. No.:	91-33-25135736
Mobile No.:	91-9231695767
Fax No.:	91-33-25135736
E-Mail :	skkalim_co@yahoo.co.in
PAN No.:	ABFPS7048N
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2014

Authorised 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
10000	Equity Shares	Rs.10/- each	Rs.0.100 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	0.100	0.100	0.100
(b) Reserves & Surplus	1.756	1.995	2.066
(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)	1.856	2.095	2.166
(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	0.000	0.000	427.413
(b) Trade payables	6.760	0.259	249.533
(c) Other current liabilities	0.000	0.000	0.000
(d) Short-term provisions	0.022	0.003	0.033
Total Current Liabilities (4)	6.782	0.262	676.979
TOTAL	8.638	2.357	679.145
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.006	0.007	0.008
(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	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	0.006	0.007	0.008
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	4.758	1.880	495.790
(d) Cash and cash equivalents	3.874	0.470	0.477
(e) Short-term loans and advances	0.000	0.000	182.870
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	8.632	2.350	679.137
TOTAL	8.638	2.357	679.145

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
SALES
Income	5.283	0.000	297.078
Other Income	NA	NA	NA
TOTAL	NA	NA	NA
EXPENSES	NA	NA	NA
PROFIT/ (LOSS) BEFORE TAX	0.057	(0.021)	0.626
TAX	0.000	0.000	0.000
PROFIT/ (LOSS) AFTER TAX	0.057	(0.021)	0.626
Earnings / (Loss) Per Share (Rs.)	5.70	(2.10)	62.60

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)	(%)	1.08	0.00	0.21
Return on Total Assets (PBT/Total Assets}	(%)	0.66	(0.89)	0.09
Return on Investment (ROI) (PBT/Networth)		0.03	(0.01)	0.29
Debt Equity Ratio (Total Debt/Networth)		0.00	0.00	197.33
Current Ratio (Current Asset/Current Liability)		1.27	8.97	1.00

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	0.100	0.100	0.100
Reserves & Surplus	2.066	1.995	1.756
Net worth	2.166	2.095	1.856
long-term borrowings	0.000	0.000	0.000
Short term borrowings	427.413	0.000	0.000
Total borrowings	427.413	0.000	0.000
Debt/Equity ratio	197.328	0.000	0.000

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	No
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 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

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.63.89
UK Pound	1	Rs.98.89
Euro	1	Rs.72.31

INFORMATION DETAILS

Information Gathered by :	SPY
Analysis Done by :	RAS
Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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	--

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.