MIRA INFORM REPORT

Report No. :	321073
Report Date :	09.05.2015

IDENTIFICATION DETAILS

Name :	RAVI MOHIT ENTERPRISES PRIVATE LIMITED
Registered Office :	8377/81, Roshanara Road, Delhi – 110007
Tel. No.:	91-11-23826445
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	24.06.1981
Com. Reg. No.:	55-011924
Capital Investment / Paid-up Capital :	Rs.0.395 Million
CIN No.: [Company Identification No.]	U74899DL1981PTC011924
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELR18247F
PAN No.: [Permanent Account No.]	AAACR1614G
Legal Form :	Private Limited Liability Company
Line of Business :	The company is investment in equity share capital of the listed companies.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

B (26)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 12000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Management has denied to disclose any information to us. As per the latest financial information of 2014, the company has taken huge external borrowing, which acts as threatening to the liquidity position of the company. As per the status in the registrar of companies business appears to be active. Payments are reported to be slow but correct. The company can be considered for business dealing with great 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 DENIED

Management Non Co-operative (91-11-23826445 / 23822409)

LOCATIONS

Registered Office :	8377/81, Roshanara Road, Delhi – 110007
Tel. No.:	91-11-23826445 / 23822409
Fax No.:	91-11-23822409
E-Mail :	dfm@dfmgroup.in

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Mohit Jain

Designation :

Director

Address :

61-B, Friends Colony East, New Delhi – 110065, India

Date of Birth/Age :

03.09.1955

Date of Appointment :

24.06.1981

Election Commission No.:

ARE0052860

DIN No.:

00079452

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	U74899DL1981PTC011924	RAVI MOHIT ENTERPRISES PRIVATE LIMITED	Director	24/06/1981	24/06/1981	-	Active	NO
2	L74899DL1916PLC000035	THE DELHI FLOUR MILLS COMPANY LIMITED	Managing director	25/03/2015	28/06/1982	-	Active	NO
3	U74899DL1947PTC001162	JAIN FARMS AND INDUSTRIES PRIVATE LIMITED	Director	06/03/1984	06/03/1984	-	Active	NO
4	U74899DL1986PTC025767	AMZED FOOD INDUSTRIES PRIVATE LIMITED	Director	04/11/1987	04/11/1987	-	Amalgamated	NO
5	U74899DL1981PTC012261	GENUINE STAG INVESTMENT PRIVATE LIMITED	Director	24/12/1987	24/12/1987	-	Amalgamated	NO
6	L15311DL1993PLC052624	DFM FOODS LIMITED	Managing director	28/02/2014	17/03/1993	-	Active	NO
7	U15311DL2005PLC135388	DFM AGRO LIMITED	Director	26/04/2005	26/04/2005	-	Active	NO

Name :

Mr. Surekha Jain

Designation :

Director

Address :

61-B, Friends Colony East, New Delhi – 110065, India

Date of Birth/Age :

07.09.1957

Date of Appointment :

22.12.1997

Election Commission No.:

DL/02/006/165360

DIN No.:

02779416

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	U74899DL1981PTC011924	RAVI MOHIT ENTERPRISES PRIVATE LIMITED	Director	22/12/1997	22/12/1997	-	Active	NO
2	U74899DL1981PTC012261	GENUINE STAG INVESTMENT PRIVATE LIMITED	Director	22/12/1997	22/12/1997	-	Amalgamated	NO
3	U74899DL1986PTC025767	AMZED FOOD INDUSTRIES PRIVATE LIMITED	Director	22/12/1997	22/12/1997	-	Amalgamated	NO

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares	% of Holding
Mohit Jain	34990	88.54
Surekha Jain	2515	6.36
Rohan Jain	1007	2.55
Rashad Jain	1007	2.55
Total	39519	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00

BUSINESS DETAILS

Line of Business :	The company is investment in equity share capital of the listed companies.
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Company Name :	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 :

Company Name :	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 :

Information declined by the management

Bankers :

Banker 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 Account Opening) :	Not Divulged
Average Balance Maintained :	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan) :	Not Divulged
Account Operation :	Not Divulged
Remark :	Not Divulged

Auditors :
Name :	A. K. Gangaher and Company Chartered Accountants
Address :	401- Kundan Bhawan, Azadpur Commercial Complex, Delhi – 110033, India
Tel. No.:	91-11-27671317
Fax No.:	91-11-27675336
E-Mail :	info@caakgangaher.com
Website :	www.caakgangaher.com
PAN No.:	AAHPG0711B
Collaborators :	Not Divulged
Membership :	Not Divulged
Subsidiary Company :	The Delhi Flour Mills Company Limited

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
45000	Equity Shares	Rs.10/- each	Rs.0.450 Million
405000	Preference Shares	Rs.10/- each	Rs.4.050 Million
	Total		Rs.4.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
39519	Equity Shares	Rs.10/- each	Rs.0.395 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	0.395	0.395	0.395
(b) Reserves & Surplus	3.835	3.692	3.536
(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)	4.230	4.087	3.931
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(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	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	400.000	0.000	0.000
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	0.017	0.012	0.012
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	400.017	0.012	0.012
TOTAL	404.247	4.099	3.943
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000	0.000
(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	2.935	2.935	2.935
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	2.935	2.935	2.935
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	1.312	1.164	1.004
(e) Short-term loans and advances	400.000	0.000	0.004
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	401.312	1.164	1.008
TOTAL	404.247	4.099	3.943

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	1.643	1.643	1.666
		Other Income	NA	0.000	0.000
		TOTAL (A)	NA	1.643	1.666
Less	EXPENSES
		Other Expenses		0.024	0.019
		TOTAL (B)	NA	0.024	0.019
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			1.619	1.647
Less	FINANCIAL EXPENSES (D)			0.000	0.000
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			1.619	1.647
Less	DEPRECIATION/ AMORTISATION (F)			0.000	0.000
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		1.605	1.619	1.647
Less	TAX (H)		0.000	0.001	0.001
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		1.605	1.618	1.646
	Earnings Per Share (Rs.)		40.61	40.95	41.63

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	97.69	98.48	98.80
Operating Profit Margin (PBDIT/Sales)	(%)	NA	98.54	98.86
Return on Total Assets (PBT/Total Assets)	(%)	0.40	139.09	163.39
Return on Investment (ROI) (PBT/Networth)		0.38	0.40	0.42
Debt Equity Ratio (Total Debt /Networth)		94.56	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.00	97.00	84.00

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	0.395	0.395	0.395
Reserves & Surplus	3.536	3.692	3.835
Net worth	3.931	4.087	4.230
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	400.000
Total borrowings	0.000	0.000	400.000
Debt/Equity ratio	0.000	0.000	94.563

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	1.666	1.643	1.643
		-1.381	0.000

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	1.666	1.643	1.643
Profit	1.646	1.618	1.605
	98.80%	98.48%	97.69%

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	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	No
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	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

BACKGROUND

Subject is a private limited company based in New Delhi and incorporated as an investment company. The main business activity of the company is investment in equity share capital of the listed companies. The main source of income of the company income from investments mainly dividend income. Two other investment companies Genuine Stag Investment Private Limited and Amzed Food Industries Private Limited had amalgamated with this company after high court order in the year 2010-11.

UNSECURED LOANS:

Particulars	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
Short Term Borrowings
Deposit from directors (Interest free)	400.000	0.000
Total	400.000	0.000

NO CHARGES EXIST FOR COMPANY.

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.64.05
UK Pound	1	Rs.99.04
Euro	1	Rs.71.76

INFORMATION DETAILS

Information Gathered by :	MNJ
Analysis Done by :	KAR
Report Prepared by :	NKT

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	2
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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.