MIRA INFORM REPORT

Report No. :	314122
Report Date :	27.03.2015

IDENTIFICATION DETAILS

Name :	MALAYA TRADE IMPEX PRIVATE LIMITED
Registered Office :	Rubber Bhavan, M C Road, Kottayam – 686039, Kerala
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	21.01.1997
Com. Reg. No.:	09-011138
Capital Investment / Paid-up Capital :	Rs. 3.000 Millions
CIN No.: [Company Identification No.]	U74999KL1997PTC011138
TAN No.: [Tax Deduction & Collection Account No.]	TVDM00384G
PAN No.: [Permanent Account No.]	AACCM1551B
Legal Form :	Private Limited Liability Company
Line of Business :	Trader, Exporter and Importer of Natural Rubber.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Profitability of the company seems to be low during 2014. However, general financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. 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

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 DECLINED BY

Name :	Mr. Rajesh Raghavan
Designation :	Accounts Manager cum Internal Auditor
Contact No.:	91-484-2409800
Date :	25.03.2015

LOCATIONS

Registered Office :	Rubber Bhavan, M C Road, Kottayam – 686039, Kerala, India
Tel. No.:	91-481-2362345
Fax No.:	Not Available
E-Mail :	malaya@malayaindia.com
Website :	http://www.malayaindia.com
Head Office :	Holy Tuesday Shopping Mall, Near St. Antony's Church, Kaloor, Cochin – 682017, Kerala, India
Tel. No.:	91-484-2409800 (6 lines)
Fax No.:	91-484-2409806
E-Mail :	malaya@sancharnet.in malaya@malayaindia.com

DIRECTORS

AS ON 30.09.2014

Name :

Mathew Thomas

Designation :

Managing director

Address :

Malaya Rainbow Castle, Jawaharlal Nehru Stadium Road, Karanakodam, Ernakulam – 682025, Kerala, India

Date of Birth/Age :

23.05.1960

Date of Appointment :

21.01.1997

DIN No.:

00030111

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	U63040KL1995PTC009174	MALAYA WORLD TOURS PRIVATE LIMITED	Director	17/07/2014	28/06/1995	-	Active	NO
2	U74999KL1997PTC011138	MALAYA TRADE IMPEX PRIVATE LIMITED	Managing director	21/01/1997	21/01/1997	-	Active	NO
3	U70102KL2003PTC016138	MALAYA HI TECH PROPERTIES PRIVATE LIMITED	Director	25/07/2014	12/05/2003	-	Active	NO
4	U91200KL1952NPL000990	THE RUBBER DEALERS ASSOCIATION	Director	09/08/2003	09/08/2003	18/08/2009	Active	NO
5	U55101KL2004PTC017253	MALAYA LAKE PARKS PRIVATE LIMITED	Director	25/07/2014	08/07/2004	-	Active	NO
6	U91990KL1990NPL005625	THE INDIAN RUBBER DEALERS FEDERATION	Director	11/08/2007	11/08/2007	-	Active	NO

Name :

Liya Mathew

Designation :

Director

Address :

Malaya Rainbow Castle, Jawaharlal Nehru Stadium Road, Karanakodam, Ernakulam – 682025, Kerala, India

Date of Birth/Age :

09.04.1969

Date of Appointment :

21.01.1997

DIN No.:

00226034

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	U63040KL1995PTC009174	MALAYA WORLD TOURS PRIVATE LIMITED	Director	28/06/1995	28/06/1995	Active	NO
2	U74999KL1997PTC011138	MALAYA TRADE IMPEX PRIVATE LIMITED	Director	21/01/1997	21/01/1997	Active	NO
3	U70102KL2003PTC016138	MALAYA HI TECH PROPERTIES PRIVATE LIMITED	Director	12/05/2003	12/05/2003	Active	NO
4	U55101KL2004PTC017253	MALAYA LAKE PARKS PRIVATE LIMITED	Director	08/07/2004	08/07/2004	Active	NO

KEY EXECUTIVES

Name :	Mr. Rajesh Raghavan
Designation :	Accounts Manager cum Internal Auditor

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Mathew Thomas	15000	50.00
Liya Mathew	15000	50.00
Total	30000	100.00

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader, Exporter and Importer of Natural Rubber.
Brand Names :	--
Agencies Held :	--
Exports :
Products :	Not Divulged
Countries :	Not Divulged
Imports :
Products :	Not Divulged
Countries :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· The South Indian Bank Limited

PB No 124,275/IX, Catholic Centre, Central Junction, Kottayam - 686001, Kerala, India

· Axis Bank Limited

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG-TERM BORROWINGS
Loans from Banks Kotak Mahindra Prime Limited	0.517	0.000
Less: Current Maturities	0.223	0.000
SHORT TERM BORROWINGS
Loans repayable on demand Axis Bank OD	21.996	19.386
The South Indian Bank CC	47.278	41.438
Add: Current maturities	0.223	0.000
Total	69.791	60.824

Banking Relations :	--
Auditors :
Name :	Zacharia and Zacharia Chartered Accountants
Address :	Sazmera, Sastri Road, Kottayam – 686001, Kerala, India
Tel. No.:	91-481-2563043/ 2583552
Fax No.:	91-481-2300736
Income-tax PAN of auditor or auditor's firm :	AAAFZ0949H
Group Companies :	· Malaya Rub-Tech Industries · Malaya Rubbers · Malaya Hi-Tech Properties Private Limited · Ind Rubber Traders · Malaya Agencies · Malaya Lake Parks Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
100,000	Equity Shares	Rs. 100/- each	Rs. 10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
30,000	Equity Shares	Rs. 100/- each	Rs. 3.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

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	3.000	3.000	3.000
(b) Reserves & Surplus	28.062	24.200	23.464
(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)	31.062	27.200	26.464
(3) Non-Current Liabilities
(a) Long-term borrowings	0.294	0.100	0.237
(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	0.232	0.223	0.211
Total Non-current Liabilities (3)	0.526	0.323	0.448
(4) Current Liabilities
(a) Short term borrowings	69.497	60.824	19.779
(b) Trade payables	11.515	0.204	5.398
(c) Other current liabilities	2.081	1.171	0.349
(d) Short-term provisions	1.197	0.202	0.323
Total Current Liabilities (4)	84.290	62.401	25.849
TOTAL	115.878	89.924	52.761
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	18.169	17.723	17.970
(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	1.889	1.889	1.889
(c) Deferred tax assets (net)	0.211	0.206	0.227
(d) Long-term Loan and Advances	0.495	0.541	0.406
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	20.764	20.359	20.492
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	17.845	4.448	0.000
(c) Trade receivables	60.015	37.054	21.697
(d) Cash and cash equivalents	6.624	6.200	5.458
(e) Short-term loans and advances	10.630	21.863	5.114
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	95.114	69.565	32.269
TOTAL	115.878	89.924	52.761

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	432.371	378.355	181.151
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		5.417	1.251	0.758
Less/ Add	DEPRECIATION/ AMORTISATION		0.405	0.333	0.360
	PROFIT BEFORE TAX		5.012	0.918	0.398
Less	TAX		1.150	0.182	0.140
	PROFIT AFTER TAX		3.862	0.736	0.258
	Earnings Per Share (Rs.)		128.73	24.53	8.60

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	0.89	0.19	0.14
Return on Total Assets (PBT/Total Assets}	(%)	4.41	1.05	0.79
Return on Investment (ROI) (PBT/Networth)		0.16	0.03	0.02
Debt Equity Ratio (Total Debt/Networth)		2.25	2.24	0.76
Current Ratio (Current Asset/Current Liability)		1.13	1.11	1.25

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particulars	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	3.000	3.000	3.000
Reserves & Surplus	23.464	24.200	28.062
Net worth	26.464	27.200	31.062
Long-term borrowings	0.237	0.100	0.294
Short term borrowings	19.779	60.824	69.497
Total borrowings	20.016	60.924	69.791
Debt/Equity ratio	0.756	2.240	2.247

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	181.151	378.355	432.371
		108.862	14.277

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	181.151	378.355	432.371
Profit	0.258	0.736	3.862
	0.14%	0.19%	0.89%

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	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

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10257028	13/02/2015 *	107,000,000.00	THE SOUTH INDIAN BANK LIMITED	MAIN BRANCH, CATHOLIC CENTRE, CENTRAL JUNCTION, KOTTAYAM, KERALA - 686001, INDIA	C45634433
2	10179323	18/08/2009	65,000,000.00	THE SOUTH INDIAN BANK LIMITED	P B NO 124,275/IX CATHOLIC CENTRE, CENTRAL JUNCTION, K K ROAD, KOTTAYAM, KERALA - 686001, INDIA	A70891403
3	90019470	23/01/2007 *	319,400,000.00	THE SOUTH INDIAN BANK LIMITED	CENTRAL JUNCTION, KOTTAYAM, KOTTAYAM, KERALA - 686001, INDIA	-
4	80026500	10/11/2003	50,000,000.00	THE SOUTH INDIAN BANK LIMITED	KOTTAYAM, KOTTAYAM, KERALA - 686001, INDIA	-
5	90018756	23/08/2005 *	6,500,000.00	THE SOUTH INDIAN BANK LIMITED	KOTTAYAM, KOTTAYAM, KERALA, INDIA	-

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG-TERM BORROWINGS
Loans and advances from related parties	0.000	0.100
Total	0.000	0.100

OPERATIONAL REVIEW

Company’s operational performance was appreciable during the year 2013-14, this is because an increase in companies total turnover due to the branch at Tripura, hence the company achieved a profit of Rs. 3.862 Millions after tax.

OUTLOOK

Keeping in view of establishing a good relations with the suppliers of Tripura and there by ensure the uninterrupted supply of natural rubber, the Chief Executive of the Company had discussions and meetings with the suppliers. This will increase the turnover of the company. The company had discussions with major Tyre companies such as Birla Tyres, Govind Rubber Limited, Balakrishna Industries, Metro Tyres etc. for supply of natural rubber to them.

FIXED ASSETS:

· Land

· Machinery

· Computer and Accessories

· Electrical Fittings

· Electric Equipment

· Furniture and Fixture

· Laboratory Equipment

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. 62.67
UK Pound	1	Rs. 93.26
Euro	1	Rs. 68.85

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	RAS
Report Prepared by :	BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		46

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.