MIRA INFORM REPORT

Report No. :	311430
Report Date :	23.03.2015

IDENTIFICATION DETAILS

Name :	SIDDHARTH PRINTING MACHINES PRIVATE LIMITED
Registered Office :	B – 105, Titanium City Center, Anand Nagar Road, Near Sachin Tower, Satellite, Ahmedabad – 380015, Gujarat
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	26.10.2012
Com. Reg. No.:	04-072457
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U29100GJ2012PTC072457
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing, Exporting of Automatic Flex Printing Machines, Solvent Printer, Banner Printing Machines, etc.
No. of Employees :	30 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 300
Status :	Small Company
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small company in its field. Its scales of activities are limited. The rating is constrained on account of company’s small scales of business operation and small net worth of the company. However, trade relations are reported to be fair. Business is active. Payment terms are slow but correct. The company can be considered for small 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.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Kishor Pareek
Designation :	Director
Contact No.:	91-9725801515
Date :	17.03.2015

LOCATIONS

Registered Office :	B – 105, Titanium City Center, Anand Nagar Road, Near Sachin Tower, Satellite, Ahmedabad – 380015, Gujarat, India
Tel. No.:	Not Available
Mobile No.:	91-9725801515 (Mr. Kishor Pareek)
Fax No.:	Not Available
E-Mail :	kishorpareek@yahoo.com
Website :	http://www.siddarthprintingmachines.com
Area :	Not Divulged
Location :	Not Divulged

DIRECTORS

As on : 30.09.2014

Name :	Mr. Ram Kishor Pareek
Designation :	Managing Director
Address :	57, Vishwamitra Society, Vejalpur Road – 380051, Ahmedabad, Gujarat, India
Date of Birth/Age :	28.10.1975
Date of Appointment :	26.10.2012
DIN No.:	06393620
Name :	Mrs. Sarika Ram Kishor Pareek
Designation :	Director
Address :	57, Vishwamitra Society, Vejalpur Road – 380051, Ahmedabad, Gujarat, India
Date of Birth/Age :	01.07.1977
Date of Appointment :	26.10.2012
DIN No.:	06393646

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 30.09.2014

Names of Shareholders	No. of Shares	%age
Ram Kishor Pareek	7500	75.00
Sarika Ram Kishor Pareek	2500	25.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing, Exporting of Automatic Flex Printing Machines, Solvent Printer, Banner Printing Machines, etc.
Products :	Automatic Flex Printing Machines Solvent Printer Banner Printing Machines Eco Solvent Printers UV Flat Belt RIP Software Inks
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Finished Goods
Countries :	Asia
Imports :	Not Divulged
Terms :
Selling :	Cash and Credit
Purchasing :	Advance Payment, Cash and Credit (30 Days)

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

Customers :

Reference :	Macart
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 :

30 (Approximately)

Bankers :

Banker Name	ICICI Bank Limited
Branch Address	Satellite Branch, Ahmedabad, 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

Auditors :
Name :	Vikas Moondra and Company Chartered Accountant
Address :	37, Celler, Subhlaxmi Complex, Opposite Sanghvi High School, Naranpurs – 380013, Gujarat, Ahmedabad, India
PAN No.:	AGUPM2318M
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on : 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	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
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	0.022	0.013
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	0.122	0.113
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.003	0.003
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.003	0.003
(4) Current Liabilities
(a) Short term borrowings	0.541	0.317
(b) Trade payables	4.156	0.380
(c) Other current liabilities	0.107	0.145
(d) Short-term provisions	0.004	0.004
Total Current Liabilities (4)	4.808	0.846
TOTAL	4.933	0.962
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.019	0.032
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.004	0.005
Total Non-Current Assets	0.023	0.037
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	2.556	0.391
(c) Trade receivables	0.133	0.334
(d) Cash and cash equivalents	1.791	0.142
(e) Short-term loans and advances	0.430	0.058
(f) Other current assets	0.000	0.000
Total Current Assets	4.910	0.925
TOTAL	4.933	0.962

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013
	SALES
		Income	10.134	1.202
		Other Income	0.022	0.000
		TOTAL	10.156	1.202
Less	EXPENSES
		Cost of Materials Consumed	0.000	0.000
		Purchases of Stock-in-Trade	10.712	1.269
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(2.164)	(0.391)
		Employees benefits expense	0.916	0.197
		Other expenses	0.628	0.103
		TOTAL	10.092	1.178
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		0.064	0.024
Less	FINANCIAL EXPENSES		0.039	0.003
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.025	0.021
Less/ Add	DEPRECIATION/ AMORTISATION		0.012	0.002
	PROFIT BEFORE TAX		0.013	0.019
Less	TAX		0.004	0.006
	PROFIT AFTER TAX		0.009	0.013
	Earnings Per Share (Rs.)		0.91	1.34

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013
Net Profit Margin (PAT/Sales)	(%)	0.09	1.08
Operating Profit Margin (PBDIT / Sales)	(%)	0.63	2.00
Return on Total Assets (PBT/Total Assets}	(%)	0.26	1.98
Return on Investment (ROI) (PBT/Networth)		0.11	0.17
Debt Equity Ratio (Total Debt /Networth)		4.43	2.81
Current Ratio (Current Asset/Current Liability)		1.02	1.09

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Share Capital	0.100	0.100
Reserves & Surplus	0.013	0.022
Net worth	0.113	0.122
long-term borrowings	0.000	0.000
Short term borrowings	0.317	0.541
Total borrowings	0.317	0.541
Debt/Equity ratio	2.805	4.434

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	1.202	10.134
		743.095

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	1.202	10.134
Profit	0.013	0.009
	1.08%	0.09%

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	Yes
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	No
17]	Major suppliers	No
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
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

NOTE : The registered address of the company has been shifted from 57, Vishwakarma Society, Near Jivraj park, Vejalpur Road, Ahmedabad – 380051, Gujarat, India

OPERATIONS:

During the year under review, the Turnover of the company is 10134652/-.The company has started operations of the Hyderabad branch during the year under audit and has applied for the VAT and CST Nos of Head Office so as to start operations of Ahmedabad Branch as well. Your directors are trying hard to get the pace of expansion in this year and consequently there is a reasonable hope of increase in cash profit of the Company. Your Directors are striving hard by making sincere efforts for the better growth and prospects of the Company in the future.

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Arvind Kumar Pareek	0.056	0.050
Charndas Khinchi	0.000	0.018
Dilip Pareek	0.000	0.015
Fatehlal Pareek	0.020	0.018
Kamlesh Pareek	0.000	0.017
Mahaveer Pareek	0.085	0.025
Sarika Pareek	0.000	0.018
Sidharth Machineries	0.360	0.138
Sushila Pareek	0.020	0.018
Total	0.541	0.317

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

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.62.42
UK Pound	1	Rs.92.99
Euro	1	Rs.67.28

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	KRN
Report Prepared by :	RNK

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	2
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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.