MIRA INFORM REPORT

Report No. :	327038
Report Date :	15.06.2015

IDENTIFICATION DETAILS

Name :	VERITAS (INDIA) LIMITED
Registered Office :	701, Embassy Centre,  Nariman Point, Mumbai – 400021, Maharashtra
Tel. No.:	91-22-22824444/4098900
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	21.03.1985
Com. Reg. No.:	11-035702
Capital Investment / Paid-up Capital :	Rs.24.210 Million
CIN No.: [Company Identification No.]	L23209MH1985PLC035702
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	The Company is in the business of International Trade and Distribution of Chemicals – Petrochemicals / Polymers / Papers and Paper Boards / Rubber / heavy Distillates, etc. The Company is also engaged in generation of wind energy.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by adequate liquidity position and sound profitability margins of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. The company can be considered good for normal 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

Rating Agency Name	CRISIL
Rating	Long Term Rating “BBB+”
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	28.01.2015

Rating Agency Name	CRISIL
Rating	Short Term Rating “A2”
Rating Explanation	Strong degree of safety and low credit risk.
Date	28.01.2015

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. Arpit
Designation :	Senior Finance Manager
Contact No.:	91-22-40098900
Date :	11.06.2015

LOCATIONS

Registered Office :	701, Embassy Centre,  Nariman Point, Mumbai – 400021, Maharashtra, India
Tel. No.:	91-22-22824444
Fax No.:	91-22-22824440
E-Mail :	corp@vertiasindia.net mukesh.t@veritas.net
Website :	http://www.vertiasindia.net
Corporate Office :	21 Shakil Niwas, Opposite Satya Sahib Temple, Mahakali Caves Road, Andheri East, Mumbai-400093, Maharashtra, India
Tel. No.:	91-22-28207203
Fax No.:	91-22-28207207
E-Mail :	ravi@unisec.in
Branch Office :	2/E/F Church Square, Blossom Cochin Road, Elamkulam, Kadavanthra, Cochin, Kerala, India
Warehouse/ Branch Office :	Kolkata, India
Warehouse :	Bhiwandi, Thane, Maharashtra, India

DIRECTORS

AS ON: 26.09.2014

Name :

Ratan Nathulal Moondra

Designation :

Director

Address :

2/D2, Green Fields Complex, Opposite Fantasy Land, J.V. Link Road, Andheri (East), Mumbai, 400093, Maharashtra, India

Date of Birth/Age :

30.01.1972

Qualification :

B. Sc, C.A.

Expertise in specific functional areas :

Has rich experience in the field of taxation, accountancy and is an expert consultant relating to Special Economic Zone (SEZ) Regulations

Date of Appointment :

01.04.2014

DIN No.:

00057516

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	U80211MH2000PTC124152	MOON EDUCATION PRIVATE LIMITED	Director	10/02/2000	10/02/2000	-	Active	NO
2	U65999MH2006PTC161628	MOONDRA INVESTMENT AND INSURANCE CONSULTANTS PRIVATE LIMITED	Director	04/05/2006	04/05/2006	-	Active	NO
3	U74140MH2006PTC161780	MOON SEZ CONSULTANTS PRIVATE LIMITED	Director	11/05/2006	11/05/2006	-	Active	NO
4	U93090MH2009PTC194859	GST INDIA CONSULTANTS PRIVATE LIMITED	Director	12/08/2009	12/08/2009	07/10/2011	Active	NO
5	L23209MH1985PLC035702	Veritas (India) Limited	Director	01/04/2014	29/06/2010	-	Active	NO

Name :

Nitinkumar Dindayal Didwania

Designation :

Director

Address :

172, Kshitij, 47, Nepeansea Road,, Mumbai, 400036, Maharashtra, India

Date of Birth/Age :

23.06.1974

Qualification :

M.Com

Expertise in specific functional areas :

Has rich and varied experience in the field of Imports and Exports, Trading, Marketing and Procurement since last more than 16 years.

Date of Appointment :

05/12/2007

DIN No.:

00210289

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	U99999MH1994PTC082808	VERITAS PROPERTIES PRIVATE LIMITED	Director	11/11/1994	11/11/1994	-	Active	NO
2	U65990MH1994PLC082813	VERITAS INVESTMENTS LIMITED	Director	11/11/1994	11/11/1994	30/05/2014	Active	NO
3	U65990MH1995PTC095594	REVIVE SECURITIES PRIVATE LIMITED	Director	12/02/1996	12/02/1996	-	Active	NO
4	U65900MH1996PLC099279	INDIA FINTRADE LIMITED	Director	21/05/1996	21/05/1996	-	Active	NO
5	U51900MH1995PLC093674	HAZEL MERCANTILE LIMITED	Managing director	01/04/2012	01/04/1997	-	Active	NO
6	U67120MH1996PTC097863	PRICELESS INVESTRADE PRIVATE LIMITED	Director	12/04/1999	12/04/1999	-	Active	NO
7	U51900MH1996PTC104099	SANMAN TRADE IMPEX PRIVATE LIMITED	Director	12/04/1999	12/04/1999	-	Active	NO
8	U65990MH1996PTC102669	TRIDENT FINTRADE PRIVATE LIMITED	Director	02/04/2001	02/04/2001	30/05/2014	Active	NO
9	U51900MH1996PTC104063	EBEN TRADE IMPEX PRIVATE LIMITED	Director	01/08/2001	01/08/2001	-	Active	NO
10	U32303MH1990PTC055793	RHYTHM CREATORS PRIVATE LIMITED	Director	12/05/2003	12/05/2003	30/05/2014	Active	NO
11	U51909MH2004PTC145098	PRAKRUTI IMPORT EXPORT PRIVATE LIMITED	Director	16/03/2004	16/03/2004	30/05/2014	Active	NO
12	U51390MH2004PTC145298	EFFIN IMPORT EXPORT PRIVATE LIMITED	Director	24/03/2004	24/03/2004	30/05/2014	Active	NO
13	U72900MH2004PLC146236	HAZEL INFOTECH LIMITED	Director	12/05/2004	12/05/2004	-	Amalgamated	NO
14	U51909MH2005PTC154481	ASPEN INTERNATIONAL PRIVATE LIMITED	Director	05/07/2005	05/07/2005	-	Active	NO
15	U70100MH2005PTC151379	AVID PROPERTIES PRIVATE LIMITED	Director	05/08/2005	05/08/2005	30/05/2014	Active	NO
16	U70100MH2005PTC151367	GRACIOUS REAL ESTATES PRIVATE LIMITED	Additional director	12/06/2014	05/08/2005	20/06/2014	Active	NO
17	U51420MH2005PTC156446	HAZEL METALS AND MINERALS PRIVATE LIMITED	Director	29/09/2005	29/09/2005	-	Amalgamated	NO
18	U51909MH2005PTC151378	CLAIRVOYANT TRADE IMPEX PRIVATE LIMITED	Director	28/10/2005	28/10/2005	30/05/2014	Active	NO
19	U65990MH1996PTC103255	VERTEX FINTRADE PRIVATE LIMITED	Director	31/03/2006	31/03/2006	27/04/2007	Active	NO
20	U70100MH2006PTC161465	SEARS REAL ESTATES PRIVATE LIMITED	Director	28/04/2006	28/04/2006	-	Active	NO
21	U51909MH2006PTC161459	SHIMMER TRADE IMPEX PRIVATE LIMITED	Director	28/04/2006	28/04/2006	-	Active	NO
22	U63090MH2006PTC161463	HAZEL LOGISTICS PRIVATE LIMITED	Director	28/04/2006	28/04/2006	-	Active	NO
23	U70100MH2006PTC161461	UDESHYA PROPERTIES PRIVATE LIMITED	Director	28/04/2006	28/04/2006	04/01/2012	Active	NO
24	U51909MH2006PTC161464	MATIN EXIM PRIVATE LIMITED	Director	28/04/2006	28/04/2006	30/05/2014	Active	NO
25	U51909MH2006PTC161460	COUNTY TRADE IMPEX PRIVATE LIMITED	Director	28/04/2006	28/04/2006	30/05/2014	Active	NO
26	U23209MH2006PLC166626	BIOFUELS (VERITAS) LIMITED	Director	29/12/2006	29/12/2006	-	Active	NO
27	U45200MH2007PTC167839	VERITAS INFRASTRUCTURE DEVELOPMENT LIMITED	Director	13/02/2007	13/02/2007	-	Active	NO
28	U01403MH2007PTC168117	VERITAS AGRO VENTURES PRIVATE LIMITED	Director	24/02/2007	24/02/2007	-	Amalgamated	NO
29	L23209MH1985PLC035702	Veritas (India) Limited	Director	05/12/2007	05/12/2007	-	Active	NO
30	U67190MH1996PTC103717	ARISTO FINCAP PRIVATE LIMITED	Additional director	01/02/2008	01/02/2008	-	Active	NO
31	U51109MH2008PLC182189	GROUPE VERITAS LIMITED	Director	14/05/2008	14/05/2008	-	Active	NO
32	U45202MH2008PLC182355	HAZEL INFRA LIMITED	Director	17/05/2008	17/05/2008	-	Active	NO
33	U51909MH2005PTC151366	DIVA TRADE IMPEX PRIVATE LIMITED	Additional director	20/02/2010	20/02/2010	-	Active	NO
34	U52390MH2009PTC192131	ONTIME TRADE IMPEX PRIVATE LIMITED	Additional director	17/03/2010	17/03/2010	-	Active	NO
35	U51909WB2009PTC135084	TITLY BARTER PRIVATE LIMITED	Additional director	19/07/2010	19/07/2010	-	Active	NO
36	U51909MH2005PTC152105	ASTER IMPEX PRIVATE LIMITED	Additional director	23/07/2010	23/07/2010	-	Active	NO
37	U55101MH2007PTC170599	NERINE RESORT PRIVATE LIMITED	Director	11/09/2010	11/09/2010	-	Active	NO
38	U01403MH2010PTC209773	SAINATH AGRICULTURE PRIVATE LIMITED	Director	03/11/2010	03/11/2010	-	Active	NO
39	U01403MH2010PTC209989	BHUMIPUTRA AGRO PRIVATE LIMITED	Director	12/11/2010	12/11/2010	02/03/2015	Active	NO
40	U70102MH2010PTC210721	KAMYAB PROPERTIES PRIVATE LIMITED	Director	07/12/2010	07/12/2010	-	Active	NO
41	U45202MH2010PTC210683	AAFREEN PROPERTIES PRIVATE LIMITED	Director	07/12/2010	07/12/2010	17/03/2012	Active	NO
42	U01403MH2010PTC210804	KUDRAT FARMING PRIVATE LIMITED	Director	08/12/2010	08/12/2010	-	Active	NO
43	U01403MH2010PTC210809	ZAMEEN AGRO PRIVATE LIMITED	Director	08/12/2010	08/12/2010	-	Active	NO
44	U01403MH2010PTC210812	VISHWA AGRICULTURE PRIVATE LIMITED	Director	08/12/2010	08/12/2010	-	Active	NO
45	U01403MH2010PTC211346	SHUBH LABH AGRICULTURE PRIVATE LIMITED	Director	24/12/2010	24/12/2010	-	Active	NO
46	U45400MH2011PTC211767	GLISTENING PROPERTIES PRIVATE LIMITED	Director	03/01/2011	03/01/2011	-	Active	NO
47	U45202MH2011PTC211769	AFFLUENT PROPERTIES PRIVATE LIMITED	Director	03/01/2011	03/01/2011	-	Active	NO
48	U01403MH2011PTC212396	VERITAS AGRO VENTURES PRIVATE LIMITED	Director	17/01/2011	17/01/2011	-	Active	NO
49	U01404MH2011PTC212659	BEST FARMING PRIVATE LIMITED	Director	22/01/2011	22/01/2011	-	Active	NO
50	U01403MH2011PTC212664	BHOOMI FARMING PRIVATE LIMITED	Director	24/01/2011	24/01/2011	-	Active	NO
51	U01403MH2011PTC212691	FASAL FARMING PRIVATE LIMITED	Director	25/01/2011	25/01/2011	-	Active	NO
52	U01500MH2011PTC212869	HARYALI FARMING PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
53	U01500MH2011PTC212872	DHARNIDHAR AGRICULTURE PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
54	U01403MH2011PTC212909	GOLDEN ARROW AGRO PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
55	U01403MH2011PTC212913	KAMYAB FARMS PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
56	U01122MH2011PTC212914	MOTHER NATURE AGRICOM PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
57	U01403MH2011PTC213150	GOLDCROP AGRO PRIVATE LIMITED	Director	07/02/2011	07/02/2011	-	Active	NO
58	U51909MH2011PTC213132	TRITON INTERNATIONAL PRIVATE LIMITED	Director	07/02/2011	07/02/2011	04/01/2012	Active	NO
59	U70109MH2011PTC213831	VERITAS HOUSING DEVELOPMENT PRIVATE LIMITED	Director	21/02/2011	21/02/2011	31/03/2015	Active	NO
60	U01403MH2011PTC215009	KRUSHI FARMING PRIVATE LIMITED	Director	19/03/2011	19/03/2011	-	Active	NO

Name :

Alpa Mayank Parekh

Designation :

Director

Address :

1103/104 Ankur 1AL, PS III, 7TH Lane,Boriwali (West), Mumbai, 400092, Maharashtra, India

Date of Appointment :

01.04.2014

DIN No.:

01299418

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	U30005MH1996PTC098763	EVEREX INFOTECH PRIVATE LIMITED	Director	15/07/2004	15/07/2004	-	Active	NO
2	L23209MH1985PLC035702	Veritas (India) Limited	Director	01/04/2014	22/01/2007	-	Active	NO
3	U51900MH1995PLC093674	HAZEL MERCANTILE LIMITED	Director	30/09/2014	30/09/2014	02/01/2015	Active	NO

Name :

Saurabh Dipak Sanghvi

Designation :

Whole-time Director

Address :

66, Kamal Building, 69, Walkeshwar Road, Mumbai, 400006, Maharashtra, India

Date of Appointment :

01.11.2014

DIN No.:

02000411

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	L23209MH1985PLC035702	Veritas (India) Limited	Whole-time director	01/11/2014	05/12/2007	-	Active	NO
2	U51909MH2005PTC154481	ASPEN INTERNATIONAL PRIVATE LIMITED	Director	28/09/2012	02/12/2011	-	Active	NO
3	U70109MH2011PTC213831	VERITAS HOUSING DEVELOPMENT PRIVATE LIMITED	Additional director	31/03/2015	02/12/2011	-	Active	NO
4	U23209MH2006PLC166626	BIOFUELS (VERITAS) LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
5	U51109MH2008PLC182189	GROUPE VERITAS LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
6	U45202MH2008PLC182355	HAZEL INFRA LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
7	U24110MH1994PTC076617	NEOLITE POLYMER INDUSTRIES PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
8	U01403MH2007PTC168117	VERITAS AGRO VENTURES PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Amalgamated	NO
9	U45200MH2007PTC167839	VERITAS INFRASTRUCTURE DEVELOPMENT LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
10	U51909WB2009PTC135084	TITLY BARTER PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
11	U67120MH1996PTC097863	PRICELESS INVESTRADE PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
12	U65990MH1995PTC095594	REVIVE SECURITIES PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
13	U65900MH1996PLC099279	INDIA FINTRADE LIMITED	Additional director	02/12/2011	02/12/2011	-	Active	NO
14	U51900MH1995PLC093674	HAZEL MERCANTILE LIMITED	Director	28/09/2012	02/12/2011	-	Active	NO
15	U51900MH1996PTC104099	SANMAN TRADE IMPEX PRIVATE LIMITED	Director	28/09/2012	02/12/2011	-	Active	NO
16	U51390MH2004PTC145298	EFFIN IMPORT EXPORT PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	30/05/2014	Active	NO
17	U70100MH2005PTC151367	GRACIOUS REAL ESTATES PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	30/05/2014	Active	NO
18	U51909MH2004PTC145098	PRAKRUTI IMPORT EXPORT PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	30/05/2014	Active	NO
19	U65990MH1994PLC082813	VERITAS INVESTMENTS LIMITED	Additional director	02/12/2011	02/12/2011	30/05/2014	Active	NO
20	U65920MH1996PTC102312	AKSHATA FINTRADE PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	30/05/2014	Active	NO
21	U70100MH2005PTC151379	AVID PROPERTIES PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	30/05/2014	Active	NO
22	U51909MH2011PTC213132	TRITON INTERNATIONAL PRIVATE LIMITED	Additional director	02/12/2011	02/12/2011	03/12/2011	Active	NO
23	U74900MH2014PTC253249	GOODVALUE INFORMATICS SOLUTIONS PRIVATE LIMITED	Director	13/02/2014	13/02/2014	-	Amalgamated	NO
24	AAB-0996	VENTURE TRADE IMPEX LLP	Body corporate as Designated Partner	03/09/2012	03/09/2012	-	Active	NO

Name :

Shafi Sayeed Parkar (Retired)

Designation :

Director

Address :

1002, Avanti Apartment, L.R. Papan Marg, Off. Dr. E. Moses Road , K. Gandhi Nagar, Worli, MumbaI, 400018, Maharashtra, India

Date of Appointment :

01.04.2014

DIN No.:

02661621

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	U93090MH2008PTC184324	VEETA LEGAL SERVICES PRIVATE LIMITED	Director	15/09/2010	10/06/2009	-	Active	NO
2	U74900DL2007PLC167329	UV ASSET RECONSTRUCTION COMPANY LIMITED	Director	25/09/2014	15/06/2009	-	Active	NO
3	U85110MH2001PTC130703	GEOGRAPHIC INFORMATION SYSTEM MUMBAI PRIVATE LIMITED	Director	29/08/2009	29/08/2009	15/01/2015	Active	NO
4	L23209MH1985PLC035702	Veritas (India) Limited	Director	01/04/2014	01/07/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mukesh Narayan Tank
Designation :	Company Secretary
Address :	1304, Building No. 350, Shrusti, Sector No. 3, Phase 2, Kalpataru Complex, Mira Road, Thane, 401107, Maharashtra, India
Date of Appointment :	27/05/2013
PAN. No:	ACTPT5373L
Name :	Rajaram Satyendra Shanbhag
Designation :	Chief Financial Officer
Address :	A-10, Kanika C.H.S Limited, Dr. Radhakrishnan Cross Road, Andheri - East, Mumbai-400069, Maharashtra, India
Date of Appointment :	30/05/2014
PAN. No:	AMFPS6518N
Name :	Mr. Arpit
Designation :	Senior Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON: 31.03.2015

Category of Shareholder	Number of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	15963100	65.94
Bodies Corporate	250000	1.03
Sub Total	16213100	66.97
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	16213100	66.97
(B) Public Shareholding
(1) Institutions
(2) Non-Institutions
Bodies Corporate	1014081	6.10
Individuals
Individual shareholders holding nominal share capital up to Rs. 1.000 Million	710196	2.93
Individual shareholders holding nominal share capital in excess of Rs. 1.000 Million	1810224	7.48
Any Others (Specify)	4000399	16.52
Clearing Members	184	0.00
NRIs/OCBs	215	0.00
Any Other	4000000	16.52
Sub Total	7996900	33.03
Total Public shareholding (B)	7996900	33.03
Total (A)+(B)	24210000	100.00

BUSINESS DETAILS

Line of Business :	The Company is in the business of International Trade and Distribution of Chemicals – Petrochemicals / Polymers / Papers and Paper Boards / Rubber / heavy Distillates, etc. The Company is also engaged in generation of wind energy.
Products :	Chemicals Petrochemicals Polymers Papers Paper Boards Rubber Heavy Distillates
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 :

Information declined by the management

Bankers :

Banker Name	Axis Bank Limited
Branch Address	Worli, 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

• Punjab National Bank

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2015	As on 31.03.2014
LONG TERM BORROWING
From Banks	NA	21.322
Total	NA	21.322

Primary Security

Equitable mortgage of property being the land at Survey no. 21, Rameshwar Wadi Village, Khatav Taluk, Satara district in the state of Maharashtra and hypothecation of 2 nos. 600 kw Wind Electric Generator consisting each tower, 1 set of blades, nacelle, control panel, transformer and internal cables.

Collateral

• Personal guarantee of the Promoter Director Mr. Nitin Kumar Didwania.

• The above term loan exclude Rs. 10.079 Million (P.Y. Rs. 10.079 Million) falling due for payment within one year, which is shown as other current liabilities. Term loan for Windmill is repayable in 2 Quarterly Installments starting from June 2010. The rate of interest for outstanding loan is base rate plus 2%.

• Secured Loan includes Rs. 1.401 Million (P.Y. Rs. 1.996 Million) loan against hypothecation of car. The amount is payable in 60 monthly installments form the date of purchase. The rate of interest for the outstanding vehicle loan is 11%.

Particulars	As on 31.03.2015	As on 31.03.2014
SHORT TERM BORROWING
Loans repayable on demand From Banks	NA	178.883
Total	NA	178.883

Primary Security

• Exclusive charge on the Current Assets of the Company.

Collateral

• Personal Guarantee of the Promoter Director Mr. Nitin Kumar Didwania

Auditors :
Name :	Shabbir S. Bagasrawala Chartered Accountant
Address :	Office No.8, 1^st Floor, Narayan Niwas, 63, Aarey Road, Off S.V. Road, Goregaon (west), Mumbai – 400062, Maharashtra, India
Tel. No.:	91-22-28720555 / 28739939
Fax No.:	91-22-28720555
E-Mail :	shabbir@snrllp.com
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary Company : (As on: 31.03.2014)	Veritas Global PTE Limited Veritas FZE Veritas International FZE Kudrat Farming Private Limited Vidhata Farming Private Limited Veritas Agro Ventures Private Limited
Enterprise over which Key Managerial Personnel able to exercise significant influence: (As on: 31.03.2014)	Veritas Investment Limited Diva Trade Impex Private Limited Sears Real Estate Private Limited Clairvoyant Trade Impex Private Limited

CAPITAL STRUCTURE

AS ON: 31.03.2015

Authorized Capital: Not Available

Issued, Subscribed & Paid-up Capital: Rs. 24.210 Million

AS ON: 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
100000000	Equity Shares	Rs.1/- each	Rs. 100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
24210000	Equity Shares	Rs.1/- each	Rs. 24.210 Million

RECONCILIATION OF THE NUMBER OF SHARES AND AMOUNT OUTSTANDING AT THE BEGINNING AND AT THE END OF THE REPORTING PERIOD:

Sr. No.	Particulars	Opening Balance	Closing Balance
(A)	Equity shares with voting rights
	Year ended 31^st March, 2014
	Number of shares	242.10	242.10
	Amount (in Rs)	242.10	242.10
	Year ended 31^st March, 2013
	Number of shares	242.10	242.10
	Amount (in Rs)	242.10	242.10

Details of shares held by each shareholder holding more than 5% Shares:
Sr. No.	Class of shares / Name of shareholder	As at 31^st march, 2013
		Number of shares	% Holding
	Equity shares of Rs 1/ - each fully paid – up with voting rights
1	Mr. Nitin Kumar Didwania	92.50	38.21
2	Mrs. Niti Didwania	67.13	27.73
3	Kamalasini Tradelink Private Limited	14.71	6.08
4	Onix Assets Limited	30.00	12.39

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	24.210	24.210	24.210
(b) Reserves & Surplus	1098.064	1011.643	861.091
(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)	1122.274	1035.853	885.301
(3) Non-Current Liabilities
(a) long-term borrowings	11.588	21.322	31.126
(b) Deferred tax liabilities (Net)	19.520	21.286	22.643
(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)	31.108	42.608	53.769
(4) Current Liabilities
(a) Short term borrowings	176.069	178.883	193.538
(b) Trade payables	434.421	100.198	12.721
(c) Other current liabilities	51.668	18.180	17.848
(d) Short-term provisions	18.105	5.627	1.406
Total Current Liabilities (4)	680.263	302.888	225.513
TOTAL	1833.645	1381.349	1164.583
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	77.345	71.463	76.983
(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	26.709	121.281	114.057
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	6.559	5.916	229.217
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	110.613	198.660	420.257
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	232.559	14.447	29.000
(c) Trade receivables	1038.931	1022.183	579.954
(d) Cash and cash equivalents	146.942	113.880	107.009
(e) Short-term loans and advances	130.667	32.179	28.363
(f) Other current assets	173.933	0.000	0.000
Total Current Assets	1723.032	1182.689	744.326
TOTAL	1833.645	1381.349	1164.583

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income from Operations	5059.501	4027.274	3396.561
	Other Income	78.510	46.587	78.799
	TOTAL (A)	5138.011	4073.861	3475.360
Less	EXPENSES
	Cost of Materials Consumed	0.000	0.000	0.000
	Purchases of Stock-in-Trade	5135.033	3884.021	3298.865
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(218.112)	14.553	16.026
	Employees benefits expense	30.450	29.566	22.858
	Other expenses	59.676	31.940	26.867
	TOTAL (B)	5007.047	3960.080	3364.616
Less:	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)	130.964	113.781	110.744
Less:	FINANCIAL EXPENSES (D)	16.267	21.184	21.643
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	114.697	92.597	89.101
Less:	DEPRECIATION/ AMORTISATION (F)	5.808	5.555	5.516
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	108.889	87.042	83.585
Less:	TAX (H)	21.206	15.859	15.932
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	87.683	71.183	67.653
	EARNINGS IN FOREIGN CURRENCY
	Dividend	NA	12.632	77.456
	TOTAL EARNINGS	NA	12.632	77.456
	Earnings / (Loss) Per Share (Rs.)	3.62	2.94	2.79

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	10.079	10.079
Cash generated from operations	NA	262.756	125.907

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	1.73	1.77	1.99
Operating Profit Margin (PBIDT/Sales)	(%)	2.59	2.83	3.26
Return on Total Assets (PBT/Total Assets}	(%)	6.03	6.91	7.96
Return on Investment (ROI) (PBT/Networth)		0.10	0.08	0.09
Debt Equity Ratio (Total Debt /Networth)		0.17	0.19	0.25
Current Ratio (Current Asset/Current Liability)		2.53	3.90	3.30

STOCK PRICES

Face Value	Rs. 1.00
Market Value	Rs.74.95

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	24.210	24.210	24.210
Reserves & Surplus	861.091	1011.643	1098.064
Net worth	885.301	1035.853	1122.274
long-term borrowings	31.126	21.322	11.588
Short term borrowings	193.538	178.883	176.069
Total borrowings	224.664	200.205	187.657
Debt/Equity ratio	0.254	0.193	0.167

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Income from Operations	3396.561	4027.274	5059.501
		18.569	25.631

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Income from Operations	3396.561	4027.274	5059.501
Profit	67.653	71.183	87.683
	1.99%	1.77%	1.73%

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	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
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	Yes
32	Litigations that the firm/promoter involved in	Yes
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

LITIGATIONS:

	Case Details
Bench:-Bombay
Presentation Date:- 31/03/2015
Lodging No.:-SL/308/2015 Filing Date:-31/03/2015 Reg. No: S/326/2015 Reg.Date:16.04.2015
Petitioner:- M/S. ONIX ASSETS LIMITED Respondent: M/S. VERITAS (INDIA) LIMITED
Petn. Adv.:-RAKSHA DWARKADAS TANNA (722) District:- MUMBAI
Bench:- SINGLE Status:- Pre-Admission Category:- BREACH OF CONTRACT SUITS
Act :- Code of Civil Procedure 1908

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10235087	19/09/2014 *	1,302,500,000.00	Axis Bank Limited	CORPORATE BANKING BRANCH, AXIS HOUSE, GROUND FLOOR, BOMBAY DYEING MILLS COMPOUND, P.B. MARG, WORLI  , MUMBAI, MAHARASHTRA - 400025, INDIA	C28971034
2	10211900	19/03/2010	42,300,000.00	PUNJAB NATIONAL BANK	FORESHORE ROAD BRANCH, 1ST FLOOR, RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	A83054155
3	10218208	19/03/2010	42,300,000.00	PUNJAB NATIONAL BANK	FORESHORE ROAD BRANCH, 1ST FLOOR, RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	A83053827
4	10175240	22/08/2009	44,300,000.00	PUNJAB NATIONAL BANK	FORESHORE ROAD BRANCH, 1ST FLOOR, RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	A69467884
5	10175241	21/08/2009	44,300,000.00	PUNJAB NATIONAL BANK	FORESHORE ROAD BRANCH, 1ST FLOOR, RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2015	31.03.2014
Stand by letter or credit	NA	1051.750
Income Tax demand pending Appeal	NA	275.543
Total	NA	1327.293

FIXED ASSETS:

• Freehold Land
• Plant and Machinery
• Computer Systems
• Software License
• Furniture and Fixture
• Motor Car
• Office Equipment

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 :	NYA
Analysis Done by :	KRN
Report Prepared by :	THR

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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		54

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.