MIRA INFORM REPORT

Report No. :	328057
Report Date :	20.06.2015

IDENTIFICATION DETAILS

Name :	SHYAMSHREE RESIDENCY PRIVATE LIMITED
Registered Office :	704, Bhagwan Tower, Cuttack Road, Bhubaneswar – 751006, Orissa
Tel. No.:	91-674-2571665
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	21.06.2006
Com. Reg. No.:	15-008785
Capital Investment / Paid-up Capital :	Rs. 6.259 Million
CIN No.: [Company Identification No.]	U55101OR2006PTC008785
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	BBNS05600A
PAN No.: [Permanent Account No.]	AAMCS6627E
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of cement pole.
No. of Employees :	40 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Status :	Small company
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company incorporated during the year 2006. It is engaged in the manufacturer of cement pole. It is a small company in its field. Its scale of activities are limited. As per available financial, company has an average operational performance and incurred losses over past and it has reported low profitability margins of 0.5% during the year under a review. Rating further constrained on account of company’s moderated financial risk profile marked by low reserves position and uneven gap between trade receivables to its payables. However, trade relations are reported as fair. Business is active. Payments are slow but correct. In the view of leverage balance sheet position with modest liquidity profile, the company can be considered for business dealings with 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

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 :	Mr. Saket Agarwal
Designation :	Director
Contact No.:	91-9437094133
Date :	18.06.2015

LOCATIONS

Registered Office :	704, Bhagwan Tower, Cuttack Road, Bhubaneswar – 751006, Orissa, India
Tel. No.:	91-674-2571665
Mobile No.:	91-9437094133 (Mr. Saket)
Fax No.:	Not Available
E-Mail :	suren4in@yahoo.com ssrpl.kathi@gamil.com
Locality :	Residential
Factory :	Village Guduri, Near Svil Mines, Plot No. 404 and 405, Katni, Madhya Pradesh, India

DIRECTORS

As on 30.09.2014

Name :

Mr. Ramawtar Sharma

Designation :

Director

Address :

Plot No - 461 Laxmisagar, Bhubaneswar-751006, Orissa, India

Date of Birth/Age :

08.11.1964

Date of Appointment :

01.04.2010

DIN No.:

02803088

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	U55101OR2006PTC008785	SHYAMSHREE RESIDENCY PRIVATE LIMITED	Director	01/04/2010	01/04/2010	-	Active	NO
2	U51909OR2010PTC012053	SHYAMSHREE TRADERS PRIVATE LIMITED	Director	28/05/2010	28/05/2010	-	Active	NO

Name :

Mr. Saket Agarwal

Designation :

Director

Address :

Plot No. 206 Bhagawan Tower, Bhubaneswar – 751006, Orissa, India

Date of Birth/Age :

28.02.1987

Date of Appointment :

21.06.2006

DIN No.:

01966709

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	U51109WB2000PTC090946	BSM EXIM PRIVATE LIMITED	Director	02/12/2013	31/01/2006	-	Active	NO
2	U55101OR2006PTC008785	SHYAMSHREE RESIDENCY PRIVATE LIMITED	Director	21/06/2006	21/06/2006	-	Active	NO
3	U51909OR2010PTC012053	SHYAMSHREE TRADERS PRIVATE LIMITED	Director	28/05/2010	28/05/2010	-	Active	NO

Name :

Mr. Shiv Kumar Agarwal

Designation :

Director

Address :

461 Jharpara, Bhubaneswar – 751006, Orissa, India

Date of Birth/Age :

01.02.1962

Date of Appointment :

21.06.2006

DIN No.:

02015157

Name :

Ms. Sunitadevi Agarwal

Designation :

Director

Address :

Plot No: 206, Bhagban Tower, Cuttack Road, Bhubaneswar – 751006, Orissa, India

Date of Birth/Age :

13.07.1965

Date of Appointment :

21.06.2006

DIN No.:

01985237

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	U51109WB2000PTC090946	BSM EXIM PRIVATE LIMITED	Director	02/12/2013	19/02/2004	-	Active	NO
2	U15412OR2004PTC007735	LINGARAJ BISCUITS PRIVATE LIMITED	Director	07/12/2005	07/12/2005	-	Active	NO
3	U55101OR2006PTC008785	SHYAMSHREE RESIDENCY PRIVATE LIMITED	Director	21/06/2006	21/06/2006	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Shiv Kumar Agarwal	135500
Saket Agarwal	166204
Sweety Agarwal	5060
Sunita Devi Agarwal	26150
Shyam Shree Trader Private Limited	110000
Sparking Star Infradev Private Limited	39000
Scorpio Marketing Private Limited	40000
Sungold Vincom Private Limited	80000
Starlight Devcon Private Limited	24000
Total	625914

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Bodies corporate	47.00
Directors or relatives of Directors	53.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of cement pole.
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cash / Cheque
Purchasing :	Cash / Cheque

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Shri Ram Wire Products Private Limited
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 :	Era Infra Engineering Private Limited
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 :

40 (Approximately)

Bankers :

Bank Name	Bank Of Baroda
Branch	Barhi Road, Katni, Katni - 483501, Madhya Pradesh, 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

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Bank of Baroda ( Term Loan)	5.360	7.551
Short-term borrowings
From Bank (Bank of Baroda)CC Loan	1.895	1.898
Loans and Advances From Related Parties
Saket Agarwal	1.227	0.000
Total	8.482	9.449

Auditors :
Name :	R. Gopal and Associates Chartered Accountants
Address :	Ultimate Towers, 11/22229, Cuttack Road, Near Laxmi Sagar Over Bridge, Bhubaneswar-751006, Orissa, India
PAN N Income-tax PAN of auditor or auditor's firm :	AABFR4836L
Memberships :	--
Collaborators :	--
Related Party :	Shyamshree Trader Private Limited

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs.10/- each	Rs. 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
625,914	Equity Shares	Rs.10/- each	Rs. 6.259 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	6.259	4.926	4.926
(b) Reserves & Surplus	12.905	10.752	12.890
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	3.332	3.332
Total Shareholders’ Funds (1) + (2)	19.164	19.010	21.148
(3) Non-Current Liabilities
(a) long-term borrowings	20.059	21.253	21.995
(b) Deferred tax liabilities (Net)	0.104	0.060	0.000
(c) Other long term liabilities	1.999	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	22.162	21.313	21.995
(4) Current Liabilities
(a) Short term borrowings	3.122	1.898	1.893
(b) Trade payables	5.657	2.290	0.173
(c) Other current liabilities	0.000	0.000	0.000
(d) Short-term provisions	4.793	4.582	4.721
Total Current Liabilities (4)	13.572	8.770	6.787
TOTAL	54.898	49.093	49.930
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	14.499	15.591	15.398
(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	7.500	1.500	5.546
(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	0.336	0.370	2.592
Total Non-Current Assets	22.335	17.461	23.536
(2) Current assets
(a) Current investments	16.532	20.483	21.840
(b) Inventories	9.962	9.171	1.781
(c) Trade receivables	5.255	0.000	0.000
(d) Cash and cash equivalents	0.729	1.507	1.662
(e) Short-term loans and advances	0.000	0.431	1.004
(f) Other current assets	0.085	0.040	0.107
Total Current Assets	32.563	31.632	26.394
TOTAL	54.898	49.093	49.930

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	29.902	14.026	0.184
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		2.190	0.130	0.011
Less/ Add	DEPRECIATION/ AMORTISATION		1.992	2.193	0.000
	PROFIT / (LOSS) BEFORE TAX		0.198	(2.063)	0.011
Less	TAX		0.044	0.060	0.002
	PROFIT / (LOSS) AFTER TAX		0.154	(2.123)	0.009
	Earnings Per Share (Rs.)		0.31	(4.31)	0.02

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)	(%)	0.52	-15.14	4.89
Return on Total Assets (PBT/Total Assets}	(%)	0.42	-4.33	0.02
Return on Investment (ROI) (PBT/Networth)		0.01	-0.11	0.00
Debt Equity Ratio (Total Debt /Networth)		1.21	1.22	1.13
Current Ratio (Current Asset/Current Liability)		2.40	3.61	3.89

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	4.926	4.926	6.259
Reserves & Surplus	12.890	10.752	12.905
Share Application money pending allotment	3.332	3.332	0.000
Net worth	21.148	19.010	19.164
long-term borrowings	21.995	21.253	20.059
Short term borrowings	1.893	1.898	3.122
Total borrowings	23.888	23.151	23.181
Debt/Equity ratio	1.130	1.218	1.210

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	0.184	14.026	29.902
		7,522.826	113.190

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	0.184	14.026	29.902
Profit	0.009	(2.123)	0.154
	4.89%	(15.14%)	0.52%

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	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	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Loans and Advances From Related Parties
DK Marketing	11.935	12.351
Moti Bajaj	0.200	0.200
M/s Goel Brothers	1.000	0.000
Karthik Enterprises	1.564	1.151
Total	14.699	13.702

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10335487	25/09/2014 *	7,000,000.00	BANK OF BARODA	BARHI ROAD, KATNI, Madhya Pradesh - 483501, INDIA	C51860161
2	10335683	19/01/2012	8,000,000.00	BANK OF BARODA	BARHI ROAD, KATNI, KATNI, Madhya Pradesh - 483501  , INDIA	B32180812

FIXED ASSETS

• Land
• Computer
• Inverter and Battery
• Buildings
• Plant and Machinery
• Furniture and Fixtures

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 records 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.63.82
UK Pound	1	Rs.101.25
Euro	1	Rs.72.36

INFORMATION DETAILS

Information Gathered by :	GAY
Analysis Done by :	TRI
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	3
--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	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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		29

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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