MIRA INFORM REPORT

Report No. :	319683
Report Date :	06.05.2015

IDENTIFICATION DETAILS

Name :	INDO-GERMAN STEEL HUB LLP
Registered Office :	Plot No. 90 G, Phase II, Tarihal Industrial Area, Tarihal, Hubli – 580026, Karnataka
Tel. No. :	91-836-2310067
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	03.02.2012
Total Obligation of Contribution:	Rs. 4.628 Million
LLPIN:	AAA-7874
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AADFI7924E
Legal Form :	Limited Liability Partnership.
Line of Business :	Manufacturing of fabricated structural metal products i.e. mechanical transformation of steel materials and supply of steel products in India and outside India
No. of Employees :	3 (Approximately)

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

Maximum Credit Limit :	USD 13000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established limited liability partnership concern having moderate track. Management of the limited liability partnership concern has not filed its latest financial with government department for FY 2014. As per available financial of 2013, subject has not started with the operations. Mr. Tausif (Operations Manager) has provided all the information. He claimed that the subject has achieved a turnover of Rs. 6.500 Million and Rs. 4.300 Million for FY 2014 and FY 2015 respectively. However, the available figures could not be verified as the financials are not available. Trade relations are fair. Business is active. Payment terms are reported to be unknown. The limited liability concern 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. Tousif
Designation :	Manager Operation
Contact No.:	91-9480840311
Date :	28.04.2015

Name :	Mr. Thomas Lipinski
Designation :	Partner
Contact No.:	91-9480840612
Date :	28.04.2015

LOCATIONS

Registered Office / Factory :	Plot No. 90 G, Phase II, Tarihal Industrial Area, Tarihal, Hubli – 580026, Karnataka, India
Tel. No. :	91-836-2310067
Mobile No. :	91-9480840311 (Mr. Tousif)
Fax No. :	91-836-2310068 / 69
E-Mail :	t.lipinski@entecsol.net md.tausif@lgshub.com
Area :	5000 Sq. ft
Location :	Rented

PARTNERS

Name :	Mr. Thomas Lipinski
Designation :	Partner
Address :	Zaatzker Dorfstrasse 14,Heiligengrabe OT Zaatzke NA DE 16909
Date of Birth/Age :	07.08.1972
Qualification	Civil Engineer
Date of Appointment :	03.02.2012
Passport Number :	2723050209
DPIN No. :	03322844
Name :	Mr. Shekhar Khanderao Bhagwat
Designation :	Partner
Address :	3, Ground Floor, Mangal Prabha Apartment, 4^th Gujrati Mandal, Vile Parle (East), Mumbai – 400057, Maharashtra, India
Date of Birth/Age :	01.03.1964
Qualification	Civil Engineer
Date of Appointment :	03.02.2012
PAN No.:	AABPB7494E
DPIN No. :	03579075

KEY EXECUTIVES

Name :	Mr. Tousif
Designation :	Manager Operation

OBLIGATION OF CONTRIBUTION

Name of Partners	Obligation of Contribution
Shekhar Khanderao Bhagwat	0.200
Thomas Lipinski	4.900
Gustav Werner Enrico Borgwardt	4.900
Total	10.000

BUSINESS DETAILS

Line of Business :	Manufacturing of fabricated structural metal products i.e. mechanical transformation of steel materials and supply of steel products in India and outside India
Products :	Fabricated Structural Metal Products Mechanical Transformation of Steel Materials Steel Products
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash and L/C
Purchasing :	Cash

PRODUCTION STATUS:

Particulars	Installed Capacity	Actual Production
Bearing Plate	20.000/ Year	10.000/ Year

GENERAL INFORMATION

Suppliers :

Reference :	Raza Enterprise, Hubli, Karnataka, 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

Customers :

Reference :	Wind World India Limited
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 :

3 (Approximately)

Bankers :

Banker Name	HDFC Bank
Branch Address	Vile Parle (E), Nehru Road, Mumbai – 400057, Maharashtra, 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 :	Anuj Lata and Company Chartered Accountants
Address :	Shope No. 6-11, “B” Block Backside entrance USA Center, Coen Road, Hubli, Karnataka, India
Mobile No.:	91-8362365971
E-Mail :	laddha.anuj@gmail.com
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

Total Obligation of Contribution

As on 31.03.2014 Rs. 10.000 Million

As on 31.03.2013 Rs. 4.628 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	03.02.2012 To 31.03.2013 (14 Months)
SHAREHOLDERS FUNDS
1] Contribution received	4.628
2] Share Application Money	0.000
3] Reserves & Surplus	0.000
4] (Accumulated Losses)	0.000
NETWORTH	4.628
LOAN FUNDS
1] Secured Loans	0.000
2] Unsecured Loans	0.000
TOTAL BORROWING	0.000
Short term Borrowing	0.000
Creditors/ trade payables – advance from customers	(0.009)
Other Liabilities (Deferred tax Liaiblities)	0.000
Provisions
For taxation	0.000
For contingencies	0.000
For Insurance	0.000
Other Provisions	0.041
TOTAL	4.660
FIXED ASSETS [Net Block]	1.126
Investment	0.000
Loans and Advances	0.589
Inventories	0.000
Debtors/ trade receivable	0.000
Cash and Cash equipment	0.118
Other Assets	2.827
TOTAL	4.660

PROFIT & LOSS ACCOUNT

	PARTICULARS	03.02.2012 To 31.03.2013 (14 Months)
	TOTAL INCOME	0.000
Less	EXPENSES	0.000
	PROFIT BEFORE TAX	0.000
Less	TAX	0.000
	PROFIT AFTER TAX	0.000

Particulars	31.03.2014
Sales Turnover (Approximately)	6.200

Expected Sales (2014-2015) : Rs. 4.300 Million (Due to Market Fluctuation)

The above information has been parted by Mr. Tousif

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	Yes
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 one year	Yes
12]	Profitability for last three years	No
13]	Reasons for variation <> 20%	Yes
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
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	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	No
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

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. 63.52
UK Pound	1	Rs. 95.96
Euro	1	Rs. 70.54

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	SUM
Report Prepared by :	TRU

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	NO
--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	NO
--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.