MIRA INFORM REPORT

Report No. :	320610
Report Date :	08.05.2015

IDENTIFICATION DETAILS

Name :	AMARESH ENGINEERING PRIVATE LIMITED
Registered Office :	"Shree Manjari", Shop No. 2 A, Ground Floor, 8/1 A, Sir William Jones Sarani, Kolkata – 700071, West Bengal
Tel No.:	91-33-22273905
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	24.12.2002
Com. Reg. No.:	21-095557
Capital Investment / Paid-up Capital :	Rs.1.115 Million
CIN No.: [Company Identification No.]	U27109WB2002PTC095557
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	CALA08411E
PAN No.: [Permanent Account No.]	AAECA3649L
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing of Steels.
No. of Employees :	35 (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 :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderated track. Management of the company has failed to file its financials with the government department for FY 2014. However, business is active as per the status in the registrar of the companies. Payment terms are unknown. The company 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

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. Amaresh Chandra Khowala
Designation :	Director
Contact No.:	91-9830256361
Date :	02.05.2015

LOCATIONS

Registered Office :	"Shree Manjari", Shop No. 2 A, Ground Floor, 8/1 A, Sir William Jones Sarani, Kolkata – 700071, West Bengal, India
Tel. No.:	91-33-22273905
Mobile No.:	91-9830256361 (Mr. Amaresh Chandra Khowala)
Fax No.:	Not Available
E-Mail :	accenturesolutions@gmail.com
Corporate Office :	8/1 A Middleton Row, Camac Street, Kolkata – 700071, West Bengal, India

DIRECTORS

As on 30.09.2013

Name :

Mr. Amaresh Chandra Khowala

Designation :

Director

Address :

405/2, Block - G, New Alipore, Kolkata - 700053, West Bengal, India

Date of Birth/Age :

30.01.1970

Date of Appointment :

24.12.2002

DIN No.:

00770632

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	U27109WB2002PTC095557	AMARESH ENGINEERING PRIVATE LIMITED	Director	24/12/2002	24/12/2002	-	Active	NO
2	U45202MH2007PTC176424	PRITHVI INFRA ASSETS PRIVATE LIMITED	Director	04/12/2007	04/12/2007	-	Active	NO
3	U51909WB2008PTC123580	AAYUSHI FASHIONS PRIVATE LIMITED	Director	04/03/2008	04/03/2008	-	Active	NO
4	U74994MH2008PTC181762	INVOGUE VENTURES PRIVATE LIMITED	Director	30/04/2008	30/04/2008	23/08/2010	Active	NO
5	U74140WB2007PTC118792	EFFICIENT GOODS PRIVATE LIMITED	Director	20/06/2008	20/06/2008	27/04/2012	Active	NO
6	U51909WB2005PTC101211	ZEAL VINIMAY PRIVATE LIMITED	Director	24/03/2010	24/03/2010	-	Active	NO

Name :

Mr. Bimalesh Chandra Khowala

Designation :

Director

Address :

405/2, Block - G, New Alipore, Kolkata - 700053, West Bengal, India

Date of Birth/Age :

08.08.1966

Date of Appointment :

24.12.2002

DIN No.:

00770648

Name :

Chandrawati Khowala

Designation :

Director

Address :

405/2, Block - G, New Alipore, Kolkata - 700053, West Bengal, India

Date of Birth/Age :

04.07.1947

Date of Appointment :

24.12.2002

DIN No.:

00770678

MAJOR SHAREHOLDERS

As on 30.09.2013

Names of Shareholders	No. of Shares	% of Holding
Amaresh Chandra Khowala	3510	17.03
Bimalesh Chandra Khowala	3500	16.98
Chandrawati Khowala	3500	16.98
Amaresh Chandra Khowala HUF	10100	49.01
Total	20610	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing of Steels.
Products :	Steels
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cheque and Credit
Purchasing :	Cheque and Credit

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
Remark :	Not Divulged

Customers :

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
Remark :	Not Divulged

No. of Employees :

35 (Approximately)

Bankers :

Banker Name	Not Divulged
Branch Address	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 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 :	Rashmi and Company Chartered Accountants
Address :	213 Todi Chambers, 2 Lal Bazar Street, Kolkata – 700001, West Bengal, India
PAN No.:	ANNPS9038A
Memberships :	--
Collaborators :	--
Sister Concern :	Not Divulged

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs.10/- each	Rs.2.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
111510	Equity Shares	Rs.10/- each	Rs.1.115 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1.115	1.115	1.115
(b) Reserves & Surplus	3.033	2.949	2.918
(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)	4.148	4.064	4.033
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.003	0.002	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.025	0.091	0.074
Total Non-current Liabilities (3)	0.028	0.093	0.074
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	3.406	6.078	3.830
(c) Other current liabilities	0.053	0.013	0.033
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	3.459	6.091	3.863
TOTAL	7.635	10.248	7.970
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.069	0.055	0.067
(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	0.700	0.700	0.700
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.171	0.334	0.324
(e) Other Non-current assets	0.619	0.000	0.000
Total Non-Current Assets	1.559	1.089	1.091
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2.562	5.277	3.011
(c) Trade receivables	2.148	1.759	1.052
(d) Cash and cash equivalents	0.677	1.625	0.792
(e) Short-term loans and advances	0.040	0.000	2.024
(f) Other current assets	0.649	0.498	0.000
Total Current Assets	6.076	9.159	6.879
TOTAL	7.635	10.248	7.970

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	20.461	12.507	11.119
		Other Income	0.000	0.009	0.001
		TOTAL (A)	20.461	12.516	11.120
Less	EXPENSES
		Purchase of Stock-in-trade	14.029	12.475	10.514
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade	2.714	(2.266)	(1.776)
		Employee Benefits Expenses	2.935	1.152	1.267
		Other Expenses	0.641	1.086	1.050
		TOTAL (B)	20.319	12.447	11.055
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.142	0.069	0.065
Less	FINANCIAL EXPENSES (D)		0.005	0.005	0.000
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.137	0.064	0.065
Less	DEPRECIATION/ AMORTISATION (F)		0.014	0.013	0.016
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		0.123	0.051	0.049
Less	TAX (H)		0.038	0.020	0.017
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		0.085	0.031	0.032
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.309	0.278	0.246
	BALANCE CARRIED TO THE B/S		0.394	0.309	0.278
	Earnings / (Loss) Per Share (Rs.)		0.76	0.28	0.28

Particulars	31.03.2014
Sales Turnover (Approximately)	25.000

Expected Sales (2014-2015): Rs.35.000 Million

The above information has been parted by Mr. Amaresh Chandra Khowala

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT/Sales)	(%)	0.42	0.25	0.29
Operating Profit Margin (PBDIT/Sales)	(%)	0.69	0.55	0.58
Return on Total Assets (PBT/Total Assets}	(%)	1.77	0.53	0.67
Return on Investment (ROI) (PBT/Networth)		0.03	0.01	0.01
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.76	1.50	1.78

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	Rs. In Million	Rs. In Million	Rs. In Million
Share Capital	1.115	1.115	1.115
Reserves & Surplus	2.918	2.949	3.033
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	4.033	4.064	4.148
Long Term borrowings	0.000	0.000	0.000
Short Term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	11.119	12.507	20.461
		12.483	63.596

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	11.119	12.507	20.461
Profit	0.032	0.031	0.085
	0.29%	0.25%	0.42%

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 four 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	No
17]	Major suppliers	No
18]	Major customers	No
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	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

NO CHARGES EXIST FOR COMPANY 

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 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.63.57
UK Pound	1	Rs.97.99
Euro	1	Rs.70.53

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	SAN
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	3
FINANCIAL CONDITION		0
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	4
--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		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.