MIRA INFORM REPORT

Report No. :	309988
Report Date :	07.03.2015

IDENTIFICATION DETAILS

Name :	RADHA MADHAV EXIM LIMITED (w.e.f. 23.09.2011)
Formerly Known As :	RADHA MADHAV EXIM PRIVATE LIMITED
Registered Office :	Suite# 4G, 4^th Floor, Uppal’s Tower, M6 Plaza, Jasola District Centre, New Delhi – 110025
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	15.01.2009
Com. Reg. No.:	11-186703
Capital Investment / Paid-up Capital :	Rs. 20.000 Million
CIN No.: [Company Identification No.]	U51501DL2009PLC186703
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELR16494C
PAN No.: [Permanent Account No.]	AAECR2217D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing and supplying high quality range of Power Tools, Hardware Goods, Hand Tools, etc.
No. of Employees :	Not Divulged

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

Maximum Credit Limit :	USD 170000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. There seems a dip in the sales turnover of the company, however, profit margin of the company is fair. The rating also takes into consideration unconditional and irrevocable corporate guarantee from Shri Rathi Steel Limited. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct. In the view of strong support from Shri Rathi Steel Limited, the company 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 – 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

Rating Agency Name	ICRA
Rating	Long term rating “BBB (SO)”
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	December 2014

Rating Agency Name	ICRA
Rating	Short term rating “A3+(SO)”
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	December 2014

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. Nitin Gupta
Designation :	Accountant
Contact No.:	91-120-4547901
Date :	02.03.2015

LOCATIONS

Registered Office :	Suite# 4G, 4^th Floor, Uppal’s Tower, M6 Plaza, Jasola District Centre, New Delhi – 110025, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	Not Available
Head Office :	C – 30 Sector 63 Noida (UP), 0120-4547907, IND – 201301 India

DIRECTORS

As on : 25.09.2014

Name :

Mr. Gopal Rathi

Designation :

Director

Address :

24, Sadhna Enclave, New Delhi – 110017, New Delhi, India

Date of Birth/Age :

26.05.1981

Date of Appointment :

03.11.2009

DIN No.:

00072755

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	U65993DL1992PLC046954	SHRI RATHI STEEL LIMITED	Whole-time director	19/12/2007	05/07/2001	-	Active	NO
2	U65921DL1992PTC047365	COMERO LEASING AND FINANCIALS PRIVATE LIMITED	Director	28/06/2003	28/06/2003	-	Active	NO
3	U74899DL2001PTC109803	AAKARSHAN EXPORTS PRIVATE LIMITED	Director	30/01/2004	30/01/2004	-	Active	NO
4	U74899DL1992PLC050960	SHRI RATHI STEEL (DAKSHIN) LIMITED	Director	30/09/2004	30/09/2004	-	Active	NO
5	U70109DL2006PTC149346	DHRUV REAL ESTATE DEVELOPERS PVT. LTD.	Director	31/05/2006	31/05/2006	-	Active	NO
6	U74899DL2005PTC143442	INDIGO ADVERTISING PRIVATE LIMITED	Director	24/06/2008	24/06/2008	-	Active	NO
7	U51501DL2009PLC186703	RADHA MADHAV EXIM LIMITED	Director	03/11/2009	15/01/2009	-	Active	NO
8	U45201DL2006PTC146348	DIGVIJAY REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	30/09/2009	18/03/2009	09/12/2011	Active	NO
9	U51909DL2007PTC158856	HANUMAN TRADELINK PRIVATE LIMITED	Director	15/02/2010	15/02/2010	-	Active	NO
10	U51101DL2007PTC158796	MAA SANTOSHI TRADELINK PRIVATE LIMITED	Director	15/05/2012	15/05/2012	-	Strike off	NO
11	AAC-4317	TRADESEA XPORT LLP	Designated Partner	04/07/2014	04/07/2014	-	Active	NO

Name :

Mr. Anand Kumar Maheshwari

Designation :

Director

Address :

B – 51, Sector – 44, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

02.11.1963

Date of Appointment :

15.01.2009

DIN No.:

00238143

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	U51101UP1984PTC006863	AMRIT TRADEMART PRIVATE LIMITED	Director	02/05/1997	02/05/1997	-	Active	NO
2	U74899DL1992PTC050124	SHREENIDHI REALTORS PRIVATE LIMITED	Director	24/01/1998	24/01/1998	09/12/2011	Active	NO
3	U74899DL1993PLC054439	DIGVIJAY CAPITAL MANAGEMENT LIMITED	Director	20/04/1998	20/04/1998	-	Active	NO
4	L01111UP1985PLC010776	AMRIT AGRO INDUSTRIES LIMITED	Director	15/11/2003	15/11/2003	-	Active	NO
5	U74899DL1993PTC052556	DIGVIJAY ADVISORS PRIVATE LIMITED	Director	20/12/2003	20/12/2003	-	Active	NO
6	U74899DL1988PLC033939	AM VOLERE TRADELINK LIMITED	Director	23/01/2004	23/01/2004	-	Active	NO
7	U18101DL2001PTC113287	DASHMESH FASHIONS PRIVATE LIMITED	Director	22/08/2005	22/08/2005	29/06/2007	Active	NO
8	U67120DL1992PTC050059	ACHIEVERS STOCK MANAGEMENT PRIVATE LIMITED	Director	08/12/2005	08/12/2005	18/01/2010	Active	NO
9	U36991DL1998PTC095980	NARESH APPARELS PRIVATE LIMITED	Director	25/01/2006	25/01/2006	17/09/2007	Active	NO
10	U45201DL2006PTC146348	DIGVIJAY REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	15/02/2006	15/02/2006	09/12/2011	Active	NO
11	U51909MH2006PTC227606	RSA EXIM PRIVATE LIMITED	Director	15/02/2006	15/02/2006	25/04/2011	Active	NO
12	U70102DL2004PTC124936	EVOLVE VILLAS PRIVATE LIMITED	Director	16/05/2006	16/05/2006	09/12/2011	Active	NO
13	U28111DL2002PTC115295	EVOLVE APARTMENTS PRIVATE LIMITED	Director	11/12/2006	11/12/2006	09/12/2011	Active	NO
14	U32109DL2004PTC126063	VAP ELECTRONICS PRIVATE LIMITED	Director	14/12/2006	14/12/2006	27/08/2007	Active	NO
15	U70102DL2005PTC140061	EVOLVE RESIDENCY PRIVATE LIMITED	Director	15/02/2007	15/02/2007	09/12/2011	Active	NO
16	U18101DL2002PTC116757	EVOLVE PROPERTIES PRIVATE LIMITED	Director	11/05/2007	11/05/2007	09/12/2011	Active	NO
17	U45400DL2008PTC172107	Amrit Digvijay Infra-Tech Private Limited	Director	01/01/2008	01/01/2008	-	Active	NO
18	U74899DL1995PTC064379	AJS SECURITIES PRIVATE LIMITED	Director	25/08/2008	02/02/2008	06/12/2008	Active	NO
19	U28994DL1998PTC093445	NOIDA HARDWARE PRIVATE LIMITED	Director	30/09/2008	21/03/2008	-	Active	NO
20	U45200DL2008PTC181884	SHREE RADHA MADHAV PROJECTS PRIVATE LIMITED	Director	11/08/2008	11/08/2008	-	Active	NO
21	U51501DL2009PLC186703	RADHA MADHAV EXIM LIMITED	Director	15/01/2009	15/01/2009	-	Active	NO
22	U51909DL2007PTC158856	HANUMAN TRADELINK PRIVATE LIMITED	Director	15/02/2010	15/02/2010	-	Active	NO
23	U29248DL2013PTC250790	ASHTMURTI EXIM PRIVATE LIMITED	Director	23/08/2014	23/08/2014	-	Active	NO

Name :

Mr. Umang Agarwal

Designation :

Director

Address :

27, M.G. Road, Cantt, Kanpur – 208004, Uttar Pradesh, India

Date of Birth/Age :

11.08.1977

Date of Appointment :

04.02.2009

DIN No.:

00680220

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	U65993HR2002PTC044914	SUNITA STOCKTRADE PRIVATE LIMITED	Director	13/05/2002	13/05/2002	-	Active	NO
2	U74899HR1971PLC047179	ASSOCIATED STRIPS LTD.	Director	15/09/2003	15/09/2003	17/08/2013	Active	NO
3	U74899HR1988PLC047180	KUNDAN ISPAT LIMITED	Director	15/09/2003	15/09/2003	-	Active	NO
4	U74999HR2004PTC047181	SUNCHIT PACK-TRADE PRIVATE LIMITED	Director	12/05/2004	12/05/2004	-	Active	NO
5	U51501DL2009PLC186703	RADHA MADHAV EXIM LIMITED	Director	04/02/2009	04/02/2009	-	Active	NO
6	U51909DL2007PTC158856	HANUMAN TRADELINK PRIVATE LIMITED	Director	15/02/2010	15/02/2010	-	Active	NO
7	U27104UP1985PLC007573	ROLL TUBES LIMITED	Director	29/09/2011	09/10/2010	-	Active	NO
8	U51101DL2007PTC158796	MAA SANTOSHI TRADELINK PRIVATE LIMITED	Director	15/05/2012	15/05/2012	-	Strike off	NO
9	AAC-4317	TRADESEA XPORT LLP	Designated Partner	04/07/2014	04/07/2014	-	Active	NO

Name :

Mr. Amit Rajendra Bhageria

Designation :

Director

Address :

501 / 502, Max – B, Vasant Galaxy, B Wing, Bangur Nagar, Goregoan (west) – 400090, Mumbai, Maharashtra, India

Date of Birth/Age :

05.09.1982

Date of Appointment :

04.02.2009

DIN No.:

00810760

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	U74140MH1995PTC084537	AKASHDEEP INTERNATIONAL PRIVATE LIMITED	Director	20/09/2005	20/09/2005	24/12/2009	Active	NO
2	U51501DL2009PLC186703	RADHA MADHAV EXIM LIMITED	Director	04/02/2009	04/02/2009	-	Active	NO
3	U51109MH2008PTC184704	DKT Trading Private Limited	Additional director	01/08/2009	01/08/2009	-	Active	NO
4	U51909DL2007PTC158856	HANUMAN TRADELINK PRIVATE LIMITED	Director	15/02/2010	15/02/2010	-	Active	NO
5	U29248DL2013PTC250790	ASHTMURTI EXIM PRIVATE LIMITED	Director	23/08/2014	23/08/2014	-	Active	NO

Name :

Mr. Rajendra Keshavdeo Bhageria

Designation :

Director

Address :

501, Mars B Vasant Galaxy, Bangur Nagar, Goregoan (west) – 400090, Mumbai, Mahrashtra, India

Date of Birth/Age :

15.02.1951

Date of Appointment :

04.02.2009

DIN No.:

01943319

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	U26940MH1989PLC053441	NORTH INDIA CEMENTS LIMITED	Director	13/09/1989	13/09/1989	26/08/2008	Active	NO
2	U51109MH2008PTC184704	DKT Trading Private Limited	Director	16/07/2008	16/07/2008	-	Active	NO
3	U51501DL2009PLC186703	RADHA MADHAV EXIM LIMITED	Director	04/02/2009	04/02/2009	-	Active	NO
4	U24100MH2009PTC191723	AIC Overseas Private Limited	Director	16/04/2009	16/04/2009	15/09/2010	Active	NO
5	U51909DL2007PTC158856	HANUMAN TRADELINK PRIVATE LIMITED	Director	15/02/2010	15/02/2010	-	Active	NO
6	U29248DL2013PTC250790	ASHTMURTI EXIM PRIVATE LIMITED	Director	23/08/2014	23/08/2014	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 25.09.2014

Names of Shareholders	No. of Shares
Anand Kumar Maheshwari	65000
Amit Bhageria	102500
Rajendra Bhageria	55000
Sunita Enterprises	5000
Vistrit Finvest (P) Ltd	27500
Anil Rathi (HUF)	50000
Urmil Rathi	138750
Gopal Rathi (HUF)	21250
Dhruv Rathi	19375
Vap Electronics (P) Ltd	50000
Tara Rani Maheshwari	20000
Digvijay Capital Management Ltd	95000
Mrs Sunanda Maheshwari	120000
D.K.T. Trading (P) Ltd	742500
Sanchit pack Trade (P) Ltd	100000
Sunita Agarwal	47500
Vimal Kumar (HUF)	20000
Shri rathi Steel Limited	300000
Dhruv Rathi (HUF)	11250
Gopal Rathi	9375
Total	2000000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage	%age
Directors or relatives of Directors	26.12	76.82
Other top fifty shareholders	7.88	23.18
Total	100.00	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing and supplying high quality range of Power Tools, Hardware Goods, Hand Tools, etc.
Products :	Power Tools Hardware Goods Hand Tools
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Banker Name	Bank of Baroda
Branch Address	Tower-2, Stellar IT Park,, C-25, Sector-62, Noida - 201301, Uttar 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 :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Term loan from bank (car loan)	0.000	0.152
SHORT TERM BORROWING
Term loan from bank (cash credit)	5.034	0.028
Total	5.034	0.180

Auditors :
Name :	P.K Gaur and Associates Chartered Accountant
PAN No :	Not Available
Memberships :	Not Available
Collaborators :	Not Available
Associates :	Shri Rathi Steel Limited Noida Hardware Private Limited Hanuman Trade Link Private Limited Digvijay Advisor Private Limited Digvijay Capital Management Limited Akarshan Exports Private Limited
Key Management Personnel	Sh. Anand Maheshwari, Director Sh. Gopal Rathi, Director Sh. Amit Bhageria, Director Sh. Umang Agarwal, Director Sh. R.K. Bhageria, Director
Relatives of Key Management Personnel	Sh. K C Maheshwari (Father of one of Director) Sh. Anil Rathi (Father of one of Director) Smt. Sunanda Maheshwari (Wife of one of director) Smt. Anehal Rathi (Wife of one of director) Smt. Shweta Rathi (Wife of Director brother)

CAPITAL STRUCTURE

As on : 25.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs.20.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs. 20.000 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	20.000	20.000	17.500
(b) Reserves & Surplus	39.728	33.635	21.298
(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)	59.728	53.635	38.798
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.152	0.358
(b) Deferred tax liabilities (Net)	0.231	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.311	0.910	0.676
Total Non-current Liabilities (3)	0.542	1.062	1.034
(4) Current Liabilities
(a) Short term borrowings	46.507	34.653	79.248
(b) Trade payables	201.805	305.440	233.375
(c) Other current liabilities	4.940	11.063	13.960
(d) Short-term provisions	8.201	4.867	6.822
Total Current Liabilities (4)	261.453	356.023	333.405
TOTAL	321.723	410.720	373.237
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2.250	2.619	2.829
(ii) Intangible Assets	0.018	0.097	0.210
(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	2.630	2.630	2.630
(c) Deferred tax assets (net)	0.000	0.040	0.094
(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	4.898	5.386	5.763
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	4.998	14.558	21.307
(c) Trade receivables	250.547	301.438	155.360
(d) Cash and cash equivalents	57.018	80.267	175.062
(e) Short-term loans and advances	0.000	0.000	3.600
(f) Other current assets	4.262	9.071	12.145
Total Current Assets	316.825	405.334	367.474
TOTAL	321.723	410.720	373.237

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	558.974	713.781	603.971
		Other Income	6.324	5.948	8.329
		TOTAL	565.298	719.729	612.300
Less	EXPENSES
		Cost of Materials Consumed	0.000	0.000	0.000
		Purchases of Stock-in-Trade	501.877	654.856	566.008
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	9.560	6.749	-20.710
		Employees benefits expense	4.851	11.989	10.638
		Exceptional Items	0.030	0.011	0.008
		Other expenses	32.673	31.423	38.637
		TOTAL	548.991	705.028	594.581
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		16.307	14.701	17.719
Less	FINANCIAL EXPENSES		0.959	0.786	2.867
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		15.348	13.915	14.852
Less/ Add	DEPRECIATION/ AMORTISATION		0.899	0.992	1.163
	PROFIT BEFORE TAX		14.449	12.923	13.689
Less	TAX		4.870	4.600	4.536
	PROFIT AFTER TAX		9.579	8.323	9.153
	Earnings Per Share (Rs.)		4.79	4.16	4.58

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	1.71	0.86	2.93
Operating Profit Margin (PBDIT / Sales)	(%)	2.92	2.06	2.93
Return on Total Assets (PBT/Total Assets}	(%)	4.53	2.62	4.78
Return on Investment (ROI) (PBT/Networth)		0.24	0.20	0.46
Debt Equity Ratio (Total Debt /Networth)		0.78	0.65	2.05
Current Ratio (Current Asset/Current Liability)		1.21	1.14	1.10

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	17.500	20.000	20.000
Reserves & Surplus	21.298	33.635	39.728
Net worth	38.798	53.635	59.728
long-term borrowings	0.358	0.152	0.000
Short term borrowings	79.248	34.653	46.507
Total borrowings	79.606	34.805	46.507
Debt/Equity ratio	2.052	0.649	0.779

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)
Sales	603.971	713.781	558.974
		18.181	(21.688)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	603.971	713.781	558.974
Profit	17.719	6.135	9.579
	2.93%	0.86%	1.71%

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	Yes
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	Yes
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	No
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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Term loan from bank (From corporate and director)	31.472	34.625
Term loan from bank (TOD)	10.000	0.000
Total	41.472	34.625

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10322134	09/11/2011	596,000.00	Bank of Baroda	Tower-2, Stellar IT Park,, C-25, Sector-62, Noida  , Uttar Pradesh - 201301, INDIA	B27457381
2	10218737	30/07/2012 *	200,526,000.00	Bank of Baroda	Tower-2, Stellar IT Park,, C-25, Sector-62, Noida  , Uttar Pradesh - 201301, INDIA	B45224987

FIXED ASSETS

• Computers
• Air Conditioner
• Scooter
• Office Equipment
• Fixture and Partitions
• Furniture and Fixtures
• Car

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.62.20
UK Pound	1	Rs.94.71
Euro	1	Rs.68.60

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	SUM
Report Prepared by :	RNK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.