MIRA INFORM REPORT

Report No. :	312602
Report Date :	18.03.2015

IDENTIFICATION DETAILS

Name :	PARIKRAMA TEXTILE PRIVATE LIMITED
Registered Office :	320, Daulat Bhavan, 407, Kalbadevi Road, Mumbai – 400002, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	15.12.1998
Com. Reg. No.:	11-117473
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U51311MH1998PTC117473
TAN No.: [Tax Deduction & Collection Account No.]	MUMP29264E
PAN No.: [Permanent Account No.]	AABCP4508Q
Legal Form :	Private Limited Liability Company
Line of Business :	Trading in Fabrics under Fast Moving Consumer Goods.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The rating reflects company moderate financial risk profile marked by modest net worth and huge borrowings recorded by the company which may further act as threat to the liquidity position of the company. However, trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings with some caution.

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	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 31-03-2014.

LOCATIONS

Registered Office :	320, Daulat Bhavan, 407, Kalbadevi Road, Mumbai – 400002, Maharashtra, India
Tel. No.:	91-22-22078197
Fax No.:	Not Available
E-Mail :	ddvora_ca@rediffmail.com dadeepak99@gmail.com

DIRECTORS

As on: 25.09.2014

Name :

Mr. Deepakkumar Shrigopal Agrawal

Designation :

Director

Address :

36/1302, Subhash Nagar, Chembur, Mumbai – 400071, Maharashtra, India

Date of Birth/Age :

30.10.1959

Date of Appointment :

15.12.1998

PAN:

AACPA2512P

DIN No.:

01621216

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	U18101MH1998PTC117192	BEAUTIFUL FABRIC FASHIONS PRIVATE LIMITED	Director	24/11/1998	24/11/1998	-	Active	NO
2	U51311MH1998PTC117475	RAIMALADITYA TEXTILE PRIVATE LIMITED	Director	15/12/1998	15/12/1998	-	Active	NO
3	U51311MH1998PTC117473	PARIKRAMA TEXTILE PRIVATE LIMITED	Director	15/12/1998	15/12/1998	-	Active	NO
4	U17100MH1998PTC117478	BEE VEE CLOTHINGS PRIVATE LIMITED	Director	15/12/1998	15/12/1998	-	Active	NO
5	U17120MH1998PTC117533	KRIPA TEXTILE PRIVATE LIMITED	Director	18/12/1998	18/12/1998	-	Active	NO
6	U51900MH2000PTC125958	SUMIT EXIM PRIVATE LIMITED	Director	19/04/2000	19/04/2000	-	Active	NO
7	U51311MH2000PTC125949	DEEPJYOTI TEXTILE TRADERS PRIVATE LIMITED	Director	19/04/2000	19/04/2000	-	Active	NO
8	U51900MH2000PTC125952	ESHA EXIM PRIVATE LIMITED	Director	19/04/2000	19/04/2000	-	Strike off	NO
9	U51900MH2000PTC126323	AMRAPALI FASHION PRIVATE LIMITED	Director	04/05/2000	04/05/2000	-	Strike off	NO
10	U17200MH2007PLC173934	ALOK RETAIL (INDIA) LIMITED	Additional director	26/03/2010	26/03/2010	30/03/2010	Amalgamated	NO

Name :

Mr. Vishwanath Balijepalli

Designation :

Director

Address :

14/221, Adarsh Nagar, Worli, Mumbai – 400025, Maharashtra, India

Date of Birth/Age :

02.01.1959

Date of Appointment :

15.12.1998

PAN:

AADPB1759N

DIN No.:

01621241

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	Company/ LLP Status	Defaulting status
1	U18101MH1998PTC117192	BEAUTIFUL FABRIC FASHIONS PRIVATE LIMITED	Director	24/11/1998	24/11/1998	Active	NO
2	U51311MH1998PTC117475	RAIMALADITYA TEXTILE PRIVATE LIMITED	Director	15/12/1998	15/12/1998	Active	NO
3	U51311MH1998PTC117473	PARIKRAMA TEXTILE PRIVATE LIMITED	Director	15/12/1998	15/12/1998	Active	NO
4	U17100MH1998PTC117478	BEE VEE CLOTHINGS PRIVATE LIMITED	Director	15/12/1998	15/12/1998	Active	NO
5	U17120MH1998PTC117533	KRIPA TEXTILE PRIVATE LIMITED	Director	18/12/1998	18/12/1998	Active	NO
6	U51900MH2000PTC126323	AMRAPALI FASHION PRIVATE LIMITED	Director	04/05/2000	04/05/2000	Strike off	NO
7	U51900MH2000PTC125958	SUMIT EXIM PRIVATE LIMITED	Director	20/09/2001	20/09/2001	Active	NO
8	U51311MH2000PTC125949	DEEPJYOTI TEXTILE TRADERS PRIVATE LIMITED	Director	20/09/2001	20/09/2001	Active	NO
9	U51900MH2000PTC125952	ESHA EXIM PRIVATE LIMITED	Director	20/09/2001	20/09/2001	Strike off	NO
10	U70102MH2013PTC249585	BUDUGU REALTORS AND SHARES PRIVATE LIMITED	Director	25/10/2013	25/10/2013	Active	NO
11	U70102MH2013PTC249593	PARIDHI REALTORS AND SHARES PRIVATE LIMITED	Director	25/10/2013	25/10/2013	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 25.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Deepakkumar Shrigopal Agrawal	5000	50.00
Vishwanath Balijepalli	5000	50.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

As on: 25.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Trading in Fabrics under Fast Moving Consumer Goods.

Products :

Item Code No.	Product Description
99611319	Fabric

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Not Divulged

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available

Bankers :

Not Available

Auditors :
Name :	Prashant S. Mehta and Associates Chartered Accountants
Address :	201, Reddy's Shree Shiv Datta, Station Road, Goregaon (West), Mumbai – 400062, Maharashtra, India
Mobile No.:	91-9820038268
Income-tax PAN of auditor or auditor's firm :	AAFPM0644M
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

As on 31.03.2014

Authorized Capital:

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

FINANCIAL DATA

[All figures are in Rupees million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100	0.100
(b) Reserves & Surplus	5.224	4.543	2.769
(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)	5.324	4.643	2.869
(3) Non-Current Liabilities
(a) long-term borrowings	3132.122	406.651	457.543
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	3132.122	406.651	457.543
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	1512.568	50.146	185.924
(c) Other current liabilities	0.450	63.690	105.234
(d) Short-term provisions	0.269	0.793	0.653
Total Current Liabilities (4)	1513.287	114.629	291.811
TOTAL	4650.733	525.923	752.223
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000	0.000
(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	3219.799	387.450	451.880
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	3219.799	387.450	451.880
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	1409.741	56.227	188.125
(d) Cash and cash equivalents	0.186	0.351	0.194
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	21.007	81.895	112.024
Total Current Assets	1430.934	138.473	300.343
TOTAL	4650.733	525.923	752.223

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income		422.477	390.228
		Other Income		64.821	56.816
		TOTAL (A)	1754.200	487.298	447.044
Less	EXPENSES
		Purchases of Stock-in-Trade		420.568	388.562
		Employees benefits expense		0.270	0.325
		Other expenses		0.230	0.258
		TOTAL (B)	NA	421.068	389.145
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		NA	66.230	57.899
Less	FINANCIAL EXPENSES (D)		NA	63.664	56.115
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		NA	2.566	1.784
Less/ Add	DEPRECIATION/ AMORTISATION (F)		NA	0.000	0.000
	PROFIT BEFORE TAX (E-F) (G)		NA	2.566	1.784
Less	TAX (H)		NA	0.792	0.654
	PROFIT AFTER TAX (G-H) (I)		0.681	1.774	1.130
	Earnings Per Share (Rs.)		68.10	177.45	113.01

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	NA	51.25	50.37
Operating Profit Margin (PBIDT/Sales)	(%)	NA	53.80	52.47
Return on Total Assets (PBT/Total Assets}	(%)	NA	42.28	26.38
Return on Investment (ROI) (PBT/Networth)		NA	47.89	69.17
Debt Equity Ratio (Total Debt /Networth)		588.30	87.58	159.48
Current Ratio (Current Asset/Current Liability)		0.95	1.21	1.03

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	0.100	0.100	0.100
Reserves & Surplus	2.769	4.543	5.224
Net worth	2.869	4.643	5.324
long-term borrowings	457.543	406.651	3132.122
Short term borrowings	0.000	0.000	0.000
Total borrowings	457.543	406.651	3132.122
Debt/Equity ratio	159.478	87.584	588.302

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)
Total Income	447.044	487.298	1754.200
		9.004	259.985

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	447.044	487.298	1754.2
Profit	1.130	1.774	0.681
	0.25%	0.36%	0.04%

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

OPERATIONS:

During the year, the company has achieved a turnover of Rs.1754.200 Million and made a profit of Rs. 0.681 Million after making provision for tax. The company is hopeful of achieving better performance in the next year.

UNSECURED LOANS

UNSECURED LOANS	31.03.2014 (Rs. In million)	31.03.2013 (Rs. In million)
LONG-TERM BORROWINGS
Intercorporate deposit	3132.122	406.651
Total	3132.122	406.651

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.62.69
UK Pound	1	Rs.92.99
Euro	1	Rs.66.37

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	MTN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--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		27

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.