MIRA INFORM REPORT

Report No. :	327099
Report Date :	13.06.2015

IDENTIFICATION DETAILS

Name :	TRADE BAZAAR HOMETECH VENTURES LLP
Registered Office :	Bldg. No. 7, Mittal Industrial Estate, Andheri - Kurla Road, Saki-Naka, Andheri (East), Mumbai – 400059, Maharashtra
Tel No.:	91-9004724717 (Mr. Manav Pradeep Tandon)
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	19.10.2011
Total Obligation of Contribution :	Rs. 0.100 Million
LLPIN :	AAA-6640
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Limited Liability Partnership
Line of Business :	Distributor and Trading of consumer Durable Electronics Products.
No. of Employees :	40 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 24800
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established Limited Liability Partnership concern having satisfactory track record. It was established in 2011. Subject is a distributor and trader of consumer durable electronic products. As per registrar of companies the date of financials filed is shown as 31^st March, 2015 but the documents related to the financials for the year 2015 is not available from any source. As per the financials of 2014, the subject has achieved sales turnover of Rs. 350.038 Million during FY 2014. Rating takes into consideration, low net profit margin and huge borrowing taken by the subject. However rating also takes into consideration, healthy reported cash balance of the subject. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. Subject can be considered for business dealings at 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.

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

Name :	Mr. Manav Pradeep Tandon
Designation :	Partner
Contact No.:	91-9004724717
Date :	12.06.2015

LOCATIONS

Registered Office / Factory :	Bldg. No. 7, Mittal Industrial Estate, Andheri - Kurla Road, Saki-Naka, Andheri (East), Mumbai – 400059, Maharashtra, India
Tel. No. :	Not Available
Mobile No. :	91-9004724717 (Mr. Manav Pradeep Tandon)
Fax No. :	Not Available
E-Mail :	info@konarkgroup.co.in manav.tandon@tradebazar.co.in

DIRECTORS

Name :

Mr. Manav Pradeep Tandon

Designation :

Designated Partner

Address :

Cliff Tower, 10^th Floor, Mount Marry Road, Bandra Mumbai - 400050, Maharashtra, India

Date of Birth/Age :

28.11.1983

Date of Appointment :

19.10.2011

PAN No.:

AFVPT3171K

DPIN No.:

03629808

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	U52500MH2010PTC207113	Trade Bazaar Retail Private Limited	Additional director	12-11-2014	12-11-2014	-	Active	NO
2	AAA-6640	TRADE BAZAAR HOMETECH VENTURES LLP	Designated Partner	19-10-2011	19-10-2011	-	Active	NO
3	AAD-6364	TRADE BAZAAR SOLUTIONS LLP	Designated Partner	26-03-2015	26-03-2015	-	Active	NO

Name :

Mr. Shonit Prakashchand Dalmia

Designation :

Designated Partner

Address :

205, Kings Apts, Juhu Tara Road, Vileparle (West), Mumbai – 400053, Maharashtra, India

Date of Birth/Age :

30.03.1984

Date of Appointment :

19.10.2011

PAN No.:

AFJPD5752N

DPIN No.:

00059650

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	U17100MH1990PTC055288	KONARK SILK MILLS PRIVATE LIMITED	Director	29-09-2007	01-10-2003	-	Amalgamated	NO
2	U72200MH2000PTC126070	KONARK REALTECH PRIVATE LIMITED	Director	05-05-2004	05-05-2004	10-03-2011	Active	NO
3	L17200MH1984PLC033451	KONARK SYNTHETIC LIMITED	Whole-time director	01-02-2009	26-08-2005	31-03-2011	Active	NO
4	U17110MH1997PTC111439	EXCEL SYNTHETIC PRIVATE LIMITED	Director	29-09-2007	27-09-2005	-	Amalgamated	NO
5	U51900MH1992PTC067871	FILLMORE TRADING AND INVESTMENT PVT LTD	Director	30-01-2007	30-01-2007	-	Active	NO
6	U70200MH2008PTC177453	KONARK REALTY PRIVATE LIMITED	Director	07-01-2008	07-01-2008	01-12-2011	Active	NO
7	U45200MH2008PTC177455	KONARK INFRATECH PRIVATE LIMITED	Director	07-01-2008	07-01-2008	01-10-2013	Active	NO
8	U40101MH2010PTC206540	Konark Gujarat PV Private Limited	Director	12-08-2010	12-08-2010	-	Active	NO
9	U45201MH2004PTC144704	GOKULDHAM REAL ESTATE DEVELOPMENT COMPANY PRIVATE LIMITED	Whole-time director	01-10-2013	16-08-2010	-	Active	NO
10	U15495MH2010PTC206728	KONARK NATURAL FOODS PRIVATE LIMITED	Director	18-08-2010	18-08-2010	-	Active	NO
11	U40103MH2010PTC206731	Konark PV Private Limited	Director	18-08-2010	18-08-2010	-	Active	NO
12	U40101MH2010PTC207023	Konark Wind Projects Private Limited	Director	25-08-2010	25-08-2010	-	Active	NO
13	U52500MH2010PTC207113	Trade Bazaar Retail Private Limited	Director	26-08-2010	26-08-2010	-	Active	NO
14	U45200MH2006PTC161566	ATHENE CONSTRUCTION PRIVATE LIMITED	Additional director	25-06-2012	25-06-2012	-	Converted to LLP	NO
15	U24239MH1959PTC011443	ANILINE CONSTRUCTION COMPANY PRIVATE LIMITED	Whole-time director	01-02-2015	25-06-2012	-	Active	NO
16	AAA-6640	TRADE BAZAAR HOMETECH VENTURES LLP	Body corporate as Designated Partner	19-10-2011	19-10-2011	-	Active	NO
17	AAC-0545	KONARK CONWELL LLP	Designated Partner	03-02-2014	03-02-2014	-	Active	NO
18	AAC-1274	ATHENE CONSTRUCTION LLP	Designated Partner	26-02-2014	26-02-2014	-	Active	NO
19	AAD-6364	TRADE BAZAAR SOLUTIONS LLP	Designated Partner	26-03-2015	26-03-2015	-	Active	NO

CONTRIBUTION DETAILS

Names of Partners	Rs. In Million
Manav Pradeep Tandon	0.037
Konark PV Private Limited, India	0.063
Total	0.100

BUSINESS DETAILS

Line of Business :	Distributor and Trading of consumer Durable Electronics Products.
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :
Products :	Raw Material
Countries :	Dubai China
Terms :
Selling :	Credit and Others (D. T)
Purchasing :	Credit and Others (D. T)

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 :	--

Customers :

Retailers

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 :	--

No. of Employees :

40 (Approximately)

Bankers :

Banker Name 1	Kotak Mahindra Bank
Branch Address 1	Andheri Branch, Mumbai, Maharashtra, India
Banker Name 2	Corporation Bank
Branch Address 2	Andheri Branch, 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)	--

Facilities :

--

Auditors :
Name :	Bhowani and Associates Chartered Accountants
Address :	503/505, J.S. Seth Road, 1^st Floor, Chirabaazar, Mumbai – 400002, Maharashtra, India
Tel. No. :	91-22-22054634 / 22063774
E-Mail :	info@bhuwaniaandagrawal.in
Memberships :	--
Collaborators :	--
Associates / Subsidiaries :	Not Available

CAPITAL STRUCTURE

Total Obligation of Contribution

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) Partner’s Capital	0.100	0.100	0.100
Partner’s Current Account	8.581	6.444	0.687
(b) Reserves & Surplus	0.000	0.000	0.000
(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)	8.681	6.544	0.787
(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	1.995	3.512	0.000
(b) Trade payables	107.048	33.961	0.020
(c) Other current liabilities	1.859	0.670	0.183
(d) Short-term provisions	2.650	4.000	0.056
Total Current Liabilities (4)	113.552	42.143	0.259
TOTAL	122.233	48.687	1.046
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.061	0.043	0.003
(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	0.061	0.043	0.003
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	21.714	4.813	0.000
(c) Trade receivables	84.949	35.651	0.936
(d) Cash and cash equivalents	8.342	1.972	0.016
(e) Short-term loans and advances	7.017	6.097	0.091
(f) Other current assets	0.150	0.111	0.000
Total Current Assets	122.172	48.644	1.043
TOTAL	122.233	48.687	1.046

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	350.038	174.044	0.000
		Other Income	0.544	0.460	0.962
		TOTAL	350.582	174.504	0.962
Less	EXPENSES
		Purchases made for re-sale	344.415	154.764	0.000
		Payment to auditors	0.050	0.050	0.000
		Insurance expenses	0.077	0.044	0.000
		Other expenses	(2.405)	6.564	0.781
		TOTAL	342.137	161.422	0.781
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		8.445	13.082	0.181
Less	FINANCIAL EXPENSES		0.507	0.350	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		7.938	12.732	0.181
Less/ Add	DEPRECIATION/ AMORTISATION		0.060	0.023	0.000
	PROFIT/ (LOSS) BEFORE TAX		7.878	12.709	0.181
Less	TAX		2.650	4.000	0.056
	PROFIT/ (LOSS) AFTER TAX		5.228	8.709	0.125

Particulars	31.03.2015
Sales Turnover (Approximately)	1000.000

The above information has been parted by Manav Pradeep Tandon

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

NOTE: Current Maturities of Long Term Debts is Not Available.

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	1.49	5.00	NA
Operating Profit Margin (PBDIT/Sales)	(%)	2.41	7.52	NA
Return on Total Assets (PBT/Total Assets}	(%)	6.45	26.10	17.30
Return on Investment (ROI) (PBT/Networth)	(%)	0.91	1.94	0.23
Debt Equity Ratio (Total Liability /Networth)		0.23	0.54	0.00
Current Ratio (Current Asset/Current Liability)		1.08	1.15	4.03

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.100	0.100	0.100
Reserves & Surplus	0.000	0.000	0.000
Net worth	0.100	0.100	0.100
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	3.512	1.995
Total borrowings	0.000	3.512	1.995
Debt/Equity ratio	0.000	35.120	19.950

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Revenue from operations	0.000	174.044	350.038
			101.120

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Revenue from operations	0.000	174.044	350.038
Profit	0.125	8.709	5.228
		5.00%	1.49%

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	Yes
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	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
22	Conduct of the banking account	No
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	No
33	Market information	No
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

PARTICULAR	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
SHORT TERM BORROWINGS
Loans and advance from others
Disha Shairul Parikh	0.532	0.531
Rahul Ramaniklal Shah	0.000	1.009
Shairul Shishir Parikh	0.963	0.963
Udit Rahul Shah	0.000	1.009
Priti Jayant Ajinera	0.500	0.000
Total	1.995	3.512

INDEX OF CHARGED

No Charges Exist for Company 

FIXED ASSETS

v Office Equipment

v Furniture and Fixture

v Computer

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.64.03
UK Pound	1	Rs.99.27
Euro	1	Rs.71.90

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	SAN
Report Prepared by :	ANK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
-- PROFITABILITY	1~10	4
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	6
--RESERVES	1~10	4
--CREDIT LINES	1~10	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		42

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.