MIRA INFORM REPORT

Report No. :	310178
Report Date :	03.03.2015

IDENTIFICATION DETAILS

Name :	R.S. OVERSEAS PRIVATE LIMITED
Registered Office :	I - 150, 1st Floor, Kirti Nagar, Delhi - 110015
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	30.01.1996
Com. Reg. No.:	55-075866
Capital Investment / Paid-up Capital :	Rs.5.744 Million
CIN No.: [Company Identification No.]	U51397DL1996PTC075866
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELR08525G
PAN No.: [Permanent Account No.]	AAACR4679R
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Distributor of Polymers, Rubber Chemicals, Metals Scrap, Plastic Scrap, Regrar etc.
No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 231000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for mediocre 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
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 31-03-2014.

INFORMATION DENIED BY

Name :	Mr. Bal Ram Gupta
Designation :	Director
Contact No.:	91-8042905686
Date :	28.02.2015

LOCATIONS

Registered Office :	I - 150, 1st Floor, Kirti Nagar, Delhi – 110015, India
Tel. No.:	91-11-259370510 / 051 / 052 / 053
Mobile No.:	91-8042905686 (Mr. Bal Ram Gupta)
Fax No.:	Not Available
E-Mail :	info@ykguptaco.com

DIRECTORS

As on 28.07.2014

Name :

Mr. Rachit Gupta

Designation :

Director

Address :

52, Vaishali, Pitam Pura, Delhi - 110034, India

Date of Birth/Age :

23.11.1985

Date of Appointment :

15.07.2005

PAN No.:

AHWPG3002D

DIN No.:

00249473

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	U21023DL2005PTC133967	SHREE BEHARIJI PACK MOULDS PRIVATE LIMITED	Director	15/03/2005	15/03/2005	-	Active	NO
2	U25209DL2005PTC134795	SHRI RADHEY POLYPACK PRIVATE LIMITED	Director	06/04/2005	06/04/2005	23/01/2010	Active	NO
3	U51397DL1996PTC075866	R.S. OVERSEAS PRIVATE LIMITED	Director	15/07/2005	15/07/2005	-	Active	NO

Name :

Mr. Bal Ram Gupta

Designation :

Director

Address :

52, Vaishali, Pitam Pura, Delhi - 110034, India

Date of Birth/Age :

05.12.1962

Date of Appointment :

30.01.1996

PAN No.:

AADPG5952A

DIN No.:

00249528

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	U51397DL1996PTC075866	R.S. OVERSEAS PRIVATE LIMITED	Director	30/01/1996	30/01/1996	-	Active	NO
2	U21023DL2005PTC133967	SHREE BEHARIJI PACK MOULDS PRIVATE LIMITED	Director	15/03/2005	15/03/2005	-	Active	NO
3	U15313DL2005PTC134796	SHRI BANKEY BIHARI PULSES PRIVATE LIMITED	Director	06/04/2005	06/04/2005	23/01/2010	Active	NO
4	U25209DL2005PTC134795	SHRI RADHEY POLYPACK PRIVATE LIMITED	Director	06/04/2005	06/04/2005	23/01/2010	Active	NO

MAJOR SHAREHOLDERS

As on 28.07.2014

Names of Shareholders	No. of Shares
Bal Ram Gupta	399600
Rekha Gupta	26100
Bal Ram Gupta HUF	44800
Rachit Gupta	78000
Sayyam Gupta	24000
Komal Chowatia	20
Rachit Gupta HUF	1920
Total	574440

Equity Share Break up (Percentage of Total Equity)

As on 28.07.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and Distributor of Polymers, Rubber Chemicals, Metals Scrap, Plastic Scrap, Regrar etc.
Products :	Polymers Rubber Chemicals Metals Scrap Plastic Scrap Regrar
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Products :
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
Remark :	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
Remark :	Not Divulged

No. of Employees :

Information denied by management

Bankers :

• HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India
• Centurion Bank of Punjab Limited, Karol Bagh Branch, Karol Bagh, New Delhi - 110001, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
LONG TERM BORROWINGS
Rupee term loans from banks	0.884	0.000
SHORT TERM BORROWINGS
Rupee Term loans from banks	0.122	0.000
Foreign currency term loans from others	96.143	232.818
Working capital loans from banks	30.000	0.000
Total	127.149	232.818

Auditors :
Name :	Y. K. Gupta and Company Chartered Accountants
Address :	206, Hans Bhawan, 1 Bahadur Shah Zafar Marg, New Delhi – 110002, India
PAN No.:	AAAFY0245K
Memberships :	--
Collaborators :	--
Sister Concern :	Not Divulged

CAPITAL STRUCTURE

As on 28.07.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
574440	Equity Shares	Rs.10/- each	Rs.5.744 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	5.744	5.744	5.744
(b) Reserves & Surplus	74.984	68.010	61.204
(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)	80.728	73.754	66.948
(3) Non-Current Liabilities
(a) long-term borrowings	49.647	44.840	36.156
(b) Deferred tax liabilities (Net)	0.870	0.550	0.167
(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)	50.517	45.390	36.323
(4) Current Liabilities
(a) Short term borrowings	141.365	304.248	238.505
(b) Trade payables	93.518	52.267	12.231
(c) Other current liabilities	1.589	26.291	6.676
(d) Short-term provisions	2.992	2.822	2.493
Total Current Liabilities (4)	239.464	385.628	259.905
TOTAL	370.709	504.772	363.176
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	17.731	17.149	7.440
(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	1.444	1.352	0.902
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	19.175	18.501	8.342
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	15.736	156.024	118.060
(c) Trade receivables	260.733	247.618	153.176
(d) Cash and cash equivalents	22.166	42.229	18.174
(e) Short-term loans and advances	51.322	38.467	45.683
(f) Other current assets	1.577	1.933	19.741
Total Current Assets	351.534	486.271	354.834
TOTAL	370.709	504.772	363.176

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
INCOME	NA	NA	NA
EXPENSES	NA	NA	NA
PROFIT/(LOSS) BEFORE TAX	NA	NA	NA
TAX	NA	NA	NA
PROFIT/(LOSS) AFTER TAX	6.974	6.806	5.536
Earnings / (Loss) Per Share (Rs.)	12.14	NA	NA

KEY RATIOS

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
Debt Equity Ratio (Total Debt /Networth)	2.37	4.73	4.10
Current Ratio (Current Asset/Current Liability)	1.47	1.26	1.37

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	5.744	5.744	5.744
Reserves & Surplus	61.204	68.010	74.984
Share Application money pending allotment	0.000	0.000	0.000
Net worth	66.948	73.754	80.728
Long Term borrowings	36.156	44.840	49.647
Short Term borrowings	238.505	304.248	141.365
Total borrowings	274.661	349.088	191.012
Debt/Equity ratio	4.103	4.733	2.366

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	----------
22]	Litigations that the firm / promoter involved in	----------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------
26]	Buyer visit details	----------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOANS:

Particulars	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
LONG TERM BORROWINGS
Loans repayable on demand	23.083	4.000
Loans and advances from related parties	25.680	40.840
SHORT TERM BORROWINGS
Other loans and advances	15.100	71.430
Total	63.863	116.270

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10530131	14/08/2014	1,100,000.00	Citi Bank N.A.	Jeevan Bharti Building, 4th Floor, 124 Connaught Circus, Connaught Place, New Delhi - 110001, India	C32910978
2	10390775	07/11/2012	135,000,000.00	Kotak Mahindra Bank Limited	36-38a, Nariman Bhavan, 227,D,, Nariman Point,, Mumbai, Maharashtra - 400021, India	B63662530
3	10092852	26/06/2012 *	206,464,000.00	Hdfc Bank Limited	HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India	B43341528
4	10043660	21/03/2011 *	180,000,000.00	Citibank N.A	Jeevan Bharti Building, 4th Floor, 124, Connaught Circus, Connaught Place, New Delhi, - 110001, India	B12470761

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.61.82
UK Pound	1	Rs.95.27
Euro	1	Rs.69.14

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	SUB
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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		43

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.