MIRA INFORM REPORT

Report No. :	314142
Report Date :	26.03.2015

IDENTIFICATION DETAILS

Name :	B.B.M. IMPEX PRIVATE LIMITED
Registered Office :	54, Regal Building , 2nd Floor, Connaught Place, New Delhi - 110001
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	29.09.2005
Com. Reg. No.:	55-141261
Capital Investment / Paid-up Capital :	Rs.5.000 Million
CIN No.: [Company Identification No.]	U74899DL2005PTC141261
TIN No.:	Not Available
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 :	Subject is engaged in the business of trading in rubber through import.
No. of Employees :	20 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (28)

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. Reserves of the company seems to be low during 2014. However, trade relations are fair. Business is active. Payment terms are 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

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

Name :	Mr. Manoj Kumar
Designation :	Accountant
Contact No.:	91-9811086575
Date :	24.03.2015

LOCATIONS

Registered Office :	54, Regal Building , 2nd Floor, Connaught Place, New Delhi – 110001, India
Tel. No.:	91-11-43339999 (100 Lines) / 23362513 / 23744059 / 43052013
Mobile No.:	91-9811086575 (Mr. Brij Bhushan Gupta)
Fax No.:	91-11-43339900 / 23367436
E-Mail :	madanjha68@yahoo.co.in bbminpex@gmail.com bbmimpex@rediffmail.com
Location :	Owned
Ware House 1 :	28, Panchsheel Garden, Naveen Shahdra , Delhi - 110032, India
Location :	Owned
Ware House 2 :	Located At Libaspur, Delhi, India
Location :	Rented

DIRECTORS

As on 30.09.2014

Name :

Mr. Brij Bhushan Gupta

Designation :

Director

Address :

99 Ground Floor, PKT-1, Jasola Vihar, New Delhi - 110025, India

Date of Birth/Age :

10.07.1958

Date of Appointment :

29.09.2005

DIN No.:

01589146

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	U74899DL1991PLC046423	REDSUN TEA LIMITED	Director	15/11/1991	15/11/1991	-	Active	NO
2	U74899DL2005PTC141261	B.B.M. IMPEX PRIVATE LIMITED	Director	29/09/2005	29/09/2005	-	Active	NO
3	U51909DL2013PTC247850	YOUNGBERRY IMPEX PRIVATE LIMITED	Director	04/02/2013	04/02/2013	30/03/2014	Active	NO

Name :

Mr. Manish Kumar Gupta

Designation :

Director

Address :

99 G/F, PKT-1, Jasola, New Delhi - 110025, India

Date of Birth/Age :

03.09.1982

Date of Appointment :

29.09.2005

DIN No.:

01589208

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	U74899DL2005PTC141261	B.B.M. IMPEX PRIVATE LIMITED	Director	29/09/2005	29/09/2005	-	Active	NO
2	U74899DL1991PLC046423	REDSUN TEA LIMITED	Director	01/10/2013	01/10/2013	-	Active	NO
3	U74999DL2014PTC272493	B.B.M. LOGISTICS PRIVATE LIMITED	Director	14/10/2014	14/10/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Manoj Kumar
Designation :	Accountant

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares	% of Holding
Brij Bhushan Gupta	151500	30.30
Manish Kumar Gupta	125000	25.00
Sudha Gupta	173500	34.70
Punita Gupta	50000	10.00
Total	500000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of trading in rubber through import.
Products :	Rubber
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :
Products :	Finished Goods
Countries :	Belgium Japan Canada
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Plish Imports Corporation, America
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 :	Govind Rubber Limited, Punjab, India
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 :

20 (Approximately)

Bankers :

• Standard Chartered Bank, 10, Parliament Street, New Delhi - 110001, India
• HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India

Facilities :

--

Auditors :
Name :	Madan Jha and Associates Chartered Accountants
Address :	318, Pocket-D, Mayur Vihar, Phase 2, New Delhi – 110091, India
PAN No.:	AAFFM8171M
Memberships :	--
Collaborators :	--
Indirectly Related :	Ananta Polyrubb Private Limited Balaji Industries Redsun Tea Limited

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs.5.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs.5.000 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	5.000	0.500	0.500
(b) Reserves & Surplus	3.768	2.479	1.344
(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)	8.768	2.979	1.844
(3) Non-Current Liabilities
(a) long-term borrowings	18.030	20.706	0.000
(b) Deferred tax liabilities (Net)	0.047	0.036	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)	18.077	20.742	0.000
(4) Current Liabilities
(a) Short term borrowings	27.810	13.805	18.884
(b) Trade payables	175.563	144.286	82.219
(c) Other current liabilities	1.221	1.732	0.163
(d) Short-term provisions	0.679	0.430	0.325
Total Current Liabilities (4)	205.273	160.253	101.591
TOTAL	232.118	183.974	103.435
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.776	2.001	0.353
(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	0.028
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.305
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1.776	2.001	0.686
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	74.000	83.011	27.665
(c) Trade receivables	107.732	85.917	66.464
(d) Cash and cash equivalents	6.215	6.334	1.116
(e) Short-term loans and advances	15.960	1.100	7.494
(f) Other current assets	26.435	5.611	0.010
Total Current Assets	230.342	181.973	102.749
TOTAL	232.118	183.974	103.435

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	453.200 (Approximately)	415.200 (Approximately)	NA
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
	EXPENSES		NA	NA	NA
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		NA	1.711	1.015
Less	DEPRECIATION/ AMORTISATION		NA	0.202	0.072
	PROFIT/(LOSS) BEFORE TAX		2.027	1.509	0.943
Less	TAX		0.690	0.467	0.325
	PROFIT/(LOSS) AFTER TAX		1.337	1.042	0.618
	Earnings / (Loss) Per Share (Rs.)		2.68	NA	NA

Expected Sales (2014-2015): Rs.550.000 Million

The above information has been parted by Mr. Manoj Kumar

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	0.87	0.82	0.91
Return on Investment (ROI) (PBT/Networth)		0.23	0.51	0.51
Debt Equity Ratio (Total Debt /Networth)		5.23	11.58	10.24
Current Ratio (Current Asset/Current Liability)		1.12	1.14	1.01

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	0.500	0.500	5.000
Reserves & Surplus	1.344	2.479	3.768
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1.844	2.979	8.768
Long Term borrowings	0.000	20.706	18.030
Short Term borrowings	18.884	13.805	27.810
Total borrowings	18.884	34.511	45.840
Debt/Equity ratio	10.241	11.585	5.228

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million
Sales Turnover (Approximately)	415.200	453.200
		9.152

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 two years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----------
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	Yes
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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

COMPANY OVERVIEW

The Company is a Private Company domiciled in India and incorporated under the provision of the Companies Act, 1956. The Company is incorporated on 29th September 2005 in India and primarily engaged in the business of Trading in Rubber through import.

BUSINESS OPERATIONS

The Company closed its Books for the year 2013-2014 with a Profit of Rs.1.337 Million. The Director assures that the Company will fetch good business and growth in the coming years

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10525479	19/09/2014	6,675,000.00	Standard Chartered Bank	10, Parliament Street, New Delhi, Delhi - 110001, India	C29360708
2	10375307	18/08/2014 *	67,900,000.00	Standard Chartered Bank	10, Parliament Street, New Delhi, Delhi - 110001, India	C16984650

*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 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.62.34
UK Pound	1	Rs.92.65
Euro	1	Rs.68.12

INFORMATION DETAILS

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

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--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		28

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.