MIRA INFORM REPORT

Report No. :	318935
Report Date :	02.05.2015

IDENTIFICATION DETAILS

Name :	MAHARASHTRA ORGANO METALLIC CATALYSTS PRIVATE LIMITED
Registered Office :	125, Gundecha Industrial Complex, Patankar Wadi, Akurli Road, Kandivali (East), Mumbai – 400101, Maharashtra
Tel. No.:	91-22-28841917/28854453
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	25.11.1993
Com. Reg. No.:	11-075299
Capital Investment / Paid-up Capital :	Rs. 1.500 Million
CIN No.: [Company Identification No.]	U24110MH1993PTC075299
TAN No.: [Tax Deduction & Collection Account No.]	MUMM15042G
PAN No.: [Permanent Account No.]	AABCM5076C
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Speciality Chemicals and Speciality Organic Chemicals.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ca (18)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track. As per registrar of companies the date of balance sheet i.e. financials filed is shown as 31^st march, 2014 but the documents related to the financials for the year 2013 and 2014 is not available from any source. Mr. Vishnu Sharma (Accounts Manager) has denied providing any details about the subject company. As per available financials of 2012, the company has fair profit margin and good liquidity position. However, business is active as per status shown in the registrar of companies. Payment terms are unknown. In the absence of latest financial information, subject can be considered for business dealings on safe and secured 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	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 DENIED BY

Name :	Mr. Vishnu Sharma
Designation :	Accounts Manager
Contact No.:	91-22-28841917
Date :	28.04.2015

LOCATIONS

Registered Office :	125, Gundecha Industrial Complex, Patankar Wadi, Akurli Road, Kandivali (East), Mumbai – 400101, Maharashtra
Tel. No.:	91-22-28841917/28854453
Fax No.:	91-22-28852722
E-Mail :	krtodi@momcpl.com info@momcpl.com momcpl@bom.8vsnl.net.in
Factory :	Plot No. 220, MIDC, Tarapur, Maharashtra, India
Tel No.:	91-2525-651824

DIRECTORS

As on: 29.09.2014

Name :

Mr. Ankur Khemraj Todi

Designation :

Director

Address :

125, Gundecha Industrial Complex, Patankar Wadi, Akurli Road, Kandivali East, Mumbai – 400101, Maharashtra, India

Date of Birth/Age :

27.01.1984

Date of Appointment :

01.04.2007

Din No.:

01462768

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	U51909MH2002PTC135222	SANKUR EXIM PRIVATE LIMITED	Director	01/04/2007	01/04/2007	-	Active	NO
2	U24110MH1993PTC075299	MAHARASHTRA ORGANO METALLIC CATALYSTS PRIVATE LIMITED	Director	01/04/2007	01/04/2007	-	Active	NO
3	U85100MH2007PTC176333	SNA HEALTHCARE PRIVATE LIMITED	Director	30/11/2007	30/11/2007	-	Active	NO

Name :

Mr. Khemraj Gajanand Todi

Designation :

Director

Address :

125, Gundecha Industrial Complex, Patankar Wadi, Akurli Road, Kandivali East, Mumbai – 400101, Maharashtra, India

Date of Birth/Age :

20.11.1950

Date of Appointment :

27.11.2002

Din No.:

01483337

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	U51909MH2002PTC135222	SANKUR EXIM PRIVATE LIMITED	Director	19/03/2002	19/03/2002	-	Active	NO
2	U24110MH1993PTC075299	MAHARASHTRA ORGANO METALLIC CATALYSTS PRIVATE LIMITED	Director	27/11/2002	27/11/2002	-	Active	NO
3	U85100MH2007PTC176333	SNA HEALTHCARE PRIVATE LIMITED	Director	30/11/2007	30/11/2007	-	Active	NO

Name :

Mr. Sandeep Khemraj Todi

Designation :

Director

Address :

1805-1806, Wing A, Whispering Palm Exxclusive, Lokhandwalla Complex, Kandivali East, Mumbai – 400101, Maharashtra, India

Date of Birth/Age :

30.06.1978

Date of Appointment :

01.04.2011

Din No.:

03495446

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	U24110MH1993PTC075299	MAHARASHTRA ORGANO METALLIC CATALYSTS PRIVATE LIMITED	Director	01/04/2011	01/04/2011	-	Active	NO
2	U51909MH2002PTC135222	SANKUR EXIM PRIVATE LIMITED	Director	01/04/2011	01/04/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Vishnu Sharma
Designation :	Accounts Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 29.09.2014

Names of Shareholders	No. of Shares
Santosh Todi	13874
Khemraj Todi	1101
Amarjit Singh	1
Basant Kumar Yadav	1
G.K. Associate, India	1
G.K. Shah	1
Juneja International, India	1
Kirshna Pal Singh	1
Mangalesh Kumar Verma	1
Meena Surendra Sanghvi	1
Modern Carriers, India	1
M.P. Tiwari	1
Geeta	1
Mukut Gems, India	1
Paramount Roadlines	1
Ramesh Mandal	1
Ravi Shanker	1
Rujuta Surendra Sanghvi	1
Samar Nath Yadav	1
Sandeep Todi	1
Sandip Sharma	1
Sangeeta S. Budhia	1
Sharad Budhia Huf	1
Shiv Kumar Sharma	1
S.K. Singh	1
Snehalata Vora	1
Taraben Pannalal Sanghvi	1
Total	15000

Equity Share Break up (Percentage of Total Equity)

As on: 29.09.2014

Category	Percentage
Directors or relatives of Directors	99.85
Other top fifty shareholders	0.15
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Speciality Chemicals and Speciality Organic Chemicals.
Products :	Speciality Chemicals Speciality Organic Chemicals.
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
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	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 of Maharashtra, Thakur Village Branch, Ganapati Tower, Opposite Oberoi Society, Kandivali (East), Mumbai - 400101, Maharashtra, India

Facilities :

Secured Loan	31.03.2012 (Rs. in Million)	31.03.2011 (Rs. in Million)
Long-term Borrowings
Secured Loan	29.171	43.629
Short-term borrowings
Bank Overdraft from Bank of Maharashtra	12.664	19.248
Total	41.835	62.877

Auditors :
Name :	Subhash Parakh and Company Chartered Accountants
Address :	04, Saraswati Bhawan, Ganjawala Lane, Near Chamunda Circle, Borivali West, Mumbai – 400092, Maharashtra, India
Tel. No.:	91-22-28921083/20626241
E-Mail :	plusindian@vsnl.net
PAN No:	AGBPP2238C
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

As on 29.09.2014

Authorized Capital:

No. of Shares	Type	Value	Amount
15,000	Equity Shares	Rs.100/- each	Rs. 1.500 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
15,000	Equity Shares	Rs.100/- each	Rs. 1.500 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1.500	1.500
(b) Reserves & Surplus	73.074	57.985
(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)	74.574	59.485
(3) Non-Current Liabilities
(a) long-term borrowings	29.171	43.629
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	29.171	43.629
(4) Current Liabilities
(a) Short term borrowings	12.664	19.248
(b) Trade payables	76.884	72.993
(c) Other current liabilities	3.525	2.424
(d) Short-term provisions	1.080	11.937
Total Current Liabilities (4)	94.153	106.602
TOTAL	197.898	209.716
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	17.995	13.595
(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	0.000	0.000
Total Non-Current Assets	17.995	13.595
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	34.740	40.117
(c) Trade receivables	86.787	96.967
(d) Cash and cash equivalents	23.620	6.943
(e) Short-term loans and advances	34.755	52.094
(f) Other current assets	0.000	0.000
Total Current Assets	179.902	196.121
TOTAL	197.897	209.716

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		1.500
2] Share Application Money		0.000
3] Reserves & Surplus		43.700
4] (Accumulated Losses)		0.000
NETWORTH		45.200
LOAN FUNDS
1] Secured Loans		0.922
2] Unsecured Loans		18.690
TOTAL BORROWING		19.612
DEFERRED TAX LIABILITIES		0.000
TOTAL		64.812
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		8.323
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	21.607
	Sundry Debtors	58.546
	Cash & Bank Balances	9.238
	Other Current Assets	25.951
	Loans & Advances	1.465
Total Current Assets		116.807
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors
	Other Current Liabilities	54.369
	Provisions	5.949
Total Current Liabilities		60.318
Net Current Assets		56.489
MISCELLANEOUS EXPENSES		0.000
TOTAL		64.812

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	507.486	444.371	279.300 (Turnover)
		Other Income	8.706	16.448	NA
		TOTAL (A)	516.192	460.819	NA
Less	EXPENSES
		Cost of Materials Consumed	442.953	425.908	NA
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	5.376	(18.510)	NA
		Employees benefits expense	11.303	6.994	NA
		Other expenses	23.096	19.562	NA
		TOTAL (B)	482.728	433.954	NA
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		33.464	26.865	NA
Less	FINANCIAL EXPENSES (D)		5.930	4.041	NA
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		27.534	22.824	NA
Less/ Add	DEPRECIATION/ AMORTISATION (F)		3.565	2.339	NA
	PROFIT BEFORE TAX (E-F) (G)		23.969	20.485	NA
Less	TAX (H)		7.320	6.200	NA
	PROFIT AFTER TAX (G-H) (I)		16.649	14.285	7007.300
	Earnings Per Share (Rs.)		168	144	467153.33

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
Net Profit Margin (PAT / Sales)	(%)	3.28	3.21	NA
Operating Profit Margin (PBIDT/Sales)	(%)	6.59	6.05	NA
Return on Total Assets (PBT/Total Assets}	(%)	12.11	9.77	NA
Return on Investment (ROI) (PBT/Networth)		0.32	0.34	NA
Debt Equity Ratio (Total Debt /Networth)		0.56	1.06	0.43
Current Ratio (Current Asset/Current Liability)		1.91	1.84	1.94

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012
	(Rs. In Million)	(Rs. In Million)
Share Capital	1.500	1.500
Reserves & Surplus	57.985	73.074
Net worth	59.485	74.574
long-term borrowings	43.629	29.171
Short term borrowings	19.248	12.664
Total borrowings	62.877	41.835
Debt/Equity ratio	1.057	0.561

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012
	(Rs. In Million)	(Rs. In Million)
Sales	444.371	507.486
		14.203

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012
	(Rs. In Million)	(Rs. In Million)
Sales	444.371	507.486
Profit	14.285	16.649
	3.21%	3.28%

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	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	No
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

NOTE:

Registered office of the company has been shifted from Room No.: 4, T G Shah Building, Pydhonie Bombay 3 Maharashtra, India to the present address w.e.f 01.04.2007

INDEX OF CAHREGS:

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10213386	08/04/2010	15,000,000.00	BANK OF MAHARASHTRA	THAKUR VILLAGE BRANCH, GANAPATI TOWER, OPPOSITE OBEROI SOCIETY, KANDIVALI (EAST), MUMBAI -  400101, MAHARASHTRA, INDIA	A83644005
2	90352335	22/03/1995	100,000.00	BANK OF MAHARSHTRA	TARAPUR BRANCH, THANE, MAHARASHTRA, INDIA	-

* Date of charge modification

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.63.58
UK Pound	1	Rs.97.99
Euro	1	Rs.70.53

INFORMATION DETAILS

Information Gathered by :	RKH
Analysis Done by :	SUM
Report Prepared by :	MTN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILITY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	2
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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		18

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.