MIRA INFORM REPORT

Report No. :	320034
Report Date :	13.05.2015

IDENTIFICATION DETAILS

Name :	UNIVERSAL PROCESS ENGINEERS PRIVATE LIMITED
Registered Office :	Plot No. A29 / 1 /10, I.D.A, Nacharam, Hyderabad – 500076, Telangana
Tel. No.:	91-40-27172573
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	22.03.2007
Com. Reg. No.:	01-053228
Capital Investment / Paid-up Capital :	Rs. 6.356 Million
CIN No.: [Company Identification No.]	U24110TG2007PTC053228
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Process Equipment, Starch, Glucose, Plants and Machinery.
No. of Employees :	Not Divulged

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 25000
Status :	Moderate
Payment Behaviour :	Slow But Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Reserves of the company seems to be low during 2014. However, trade relations are fair. Business is active. Payment terms are slow but correct. The company can be considered for business dealings with some cautions.

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 PARTED BY (GENERAL DETAILS)

Name :	Mr. Ismit
Designation :	Assistant
Contact No.:	91-40-27172573
Date :	25.04.2015

LOCATIONS

Registered Office/Factory :	Plot No. A28 / 1 /10, I.D.A, Nacharam, Hyderabad – 500076, Telangana, India
Tel. No.:	91-40-27172573
Mobile No.:	91-9849052100 (Mr. Habeeb)
Fax No.:	91-40-27179701
E-Mail :	upe040@yahoo.com svkreddy@seshaprasad.com somaiah@seshaprasad.com info@a2zstarch.com info@sesharprasad.com
Website :	http://www.a2zstarch.com http://www.indianyellowpages.com http://www.universalprocessengineers.com http://www.universalprocess.in
Location :	Owned

DIRECTORS

As on 30.09.2014

Name :

Mr. Syed Ismail

Designation :

Managing Director

Address :

Plot No. 31, SancharPuri Colony, Phase II, New Bownpally, Hyderabad – 500011, Telangana, India

Date of Birth/Age :

11.07.1950

Qualification :

Mech. Eng.

Date of Appointment :

01.08.2007

DIN No.:

00732072

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	U24110TG2007PTC053228	UNIVERSAL PROCESS ENGINEERS PRIVATE LIMITED	Managing director	01/08/2007	22/03/2007	-	Active	NO
2	U15122TG2011PTC074190	TAJIS AGROTECH PRIVATE LIMITED	Managing director	30/04/2011	30/04/2011	-	Active	NO

Name :

Mr. Syed Osman

Designation :

Director

Address :

Plot No. 31, SancharPuri Colony, Phase II, New Bowenpally, Hyderabad – 500011, Telangana, India

Date of Birth/Age :

03.04.1975

Qualification :

BE. Mech

Date of Appointment :

22.03.2007

DIN No.:

00732139

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	U24110TG2007PTC053228	UNIVERSAL PROCESS ENGINEERS PRIVATE LIMITED	Director	22/03/2007	22/03/2007	-	Active	NO
2	U15122TG2011PTC074190	TAJIS AGROTECH PRIVATE LIMITED	Director	30/04/2011	30/04/2011	-	Active	NO

Name :

Mr. Syed Habeeb

Designation :

Director

Address :

Plot No. 31, SancharPuri Colony, Phase II, New Bowenpally, Hyderabad – 500011, Telangana, India

Date of Birth/Age :

01.08.1976

Qualification :

BE. Chemical

Date of Appointment :

22.03.2007

DIN No.:

00732206

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	U24110TG2007PTC053228	UNIVERSAL PROCESS ENGINEERS PRIVATE LIMITED	Director	22/03/2007	22/03/2007	-	Active	NO
2	U15122TG2011PTC074190	TAJIS AGROTECH PRIVATE LIMITED	Director	30/04/2011	30/04/2011	-	Active	NO

Name :

Mrs. Sami Syed

Designation :

Director

Address :

Plot No. 31, SancharPuri Colony, Phase II, New Bowenpally, Hyderabad – 500011, Telangana, India

Date of Appointment :

06.05.2014

DIN No.:

03069748

Name :

Mrs. Hanif Syed

Designation :

Director

Address :

Plot No. 31, SancharPuri Colony, Phase II, New Bowenpally, Hyderabad – 500011, Telangana, India

Date of Appointment :

06.05.2014

DIN No.:

03069788

KEY EXECUTIVES

Name :	Mr. Ismit
Designation :	Assistant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Syed Ismail	631560
Syed Habeeb	2000
Syed Osman	2000
Total	635560

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Process Equipment, Starch, Glucose, Plants and Machinery.
Products :	Germ Separator Germ Washing System De-watering System Starch Washing System Coarse Grinder Fine Grinder Double Rotating System Fine Grinder (Stone) Fiber Washing System Rotary Stainer Sifter Germ Dryer Converter (Glucose Syrup 42 De) Double Effect Evaporator Starch Dryer Ion Exchange Jet Cookerd
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Process Equipments Starch Glucose Plants and machinery
Countries :	Asian African Countries
Imports :	Not Divulged
Terms :
Selling :	Cash, Credit
Purchasing :	Cash, Credit

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

Customers :

Wholesalers, Retailer

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

No. of Employees :

Not Divulged

Bankers :

Banker Name	State bank of India
Branch Address	Nacharam Branch, Hyderabad, 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

Facilities :

(Rs. In Millions)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
Long Term Borrowing
Loan From Bank
HDFC Bank	0.000	0.155
State Bank Of India (Nacharam)	1.161	3.291
SBI Car Loan (Secured against Innova Car)	0.587	0.000
Total	1.748	3.446

Auditors :
Name :	SPC and Associates Chartered Accountants
Address :	252A, Second Floor, Lotus Pond Road, MLA Colony, Road, No.12, Banjarahills, Hyderabad – 500034, Andhra Pradesh, India
Tel. No.:	91-40-40110181/40110182
Website :	www.spcassociate.in
PAN No.:	AALFS8411L
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs.10/- each	Rs. 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
635,560	Equity Shares	Rs.10/- each	Rs. 6.356 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	6.356	6.356	6.356
(b) Reserves & Surplus	2.692	2.201	1.543
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	9.048	8.557	7.899
(3) Non-Current Liabilities
(a) long-term borrowings	1.748	3.446	0.322
(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)	1.748	3.446	0.322
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	7.896
(b) Trade payables	12.867	10.512	11.212
(c) Other current liabilities	0.591	0.356	0.339
(d) Short-term provisions	0.326	0.403	0.377
(e) Advance Received From Customers	0.000	1.502
Total Current Liabilities (4)	13.784	12.773	19.824
TOTAL	24.580	24.776	28.045
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3.870	3.356	4.161
(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	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.188	0.174	0.145
(d) Long-term Loan and Advances	0.254	0.034	0.034
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	4.312	3.564	4.340
(2) Current assets
(a) Current investments
(b) Inventories	13.407	12.787	12.134
(c) Trade receivables	5.773	6.593	7.772
(d) Cash and cash equivalents	0.304	0.321	2.007
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	0.784	1.511	1.792
Total Current Assets	20.268	21.212	23.705
TOTAL	24.580	24.776	28.045

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	N.A	41.920	41.745
		Other Income	N.A	0.189	0.410
		TOTAL	N.A	42.109	42.155
Less	EXPENSES
		Cost of Materials Consumed	N.A	33.913	33.876
		Prior Period Income	N.A	0.000	(0.128)
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	N.A	(0.653)	0.050
		Employees benefits expense	N.A	4.057	3.471
		Other expenses	N.A	2.788	2.808
		Administrative Expenses	N.A	0.000	0.000
		TOTAL	N.A
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		N.A	2.004	2.078
Less	FINANCIAL EXPENSES		N.A	0.204	0.243
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		N.A	1.800	1.835
Less/ Add	DEPRECIATION/ AMORTISATION		N.A	0.849	0.960
	PROFIT BEFORE TAX		N.A	0.951	0.875
Less	TAX		N.A	0.293	0.269
	PROFIT AFTER TAX		0.492	0.658	0.606
	Earnings Per Share (Rs.)		N.A	1.04	0.95

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	N.A	1.57	1.45
Operating Profit Margin (PBDIT/Sales)	(%)	N.A	4.78	4.98
Return on Total Assets (PBT/Total Assets}	(%)	N.A	3.87	3.14
Return on Investment (ROI) (PBT/Networth)		N.A	0.11	0.11
Debt Equity Ratio (Total Debt /Networth)		1.62	0.58	1.04
Current Ratio (Current Asset/Current Liability)		1.47	1.66	1.20

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	6.356	6.356	6.356
Reserves & Surplus	1.543	2.201	2.692
Net worth	7.899	8.557	9.048
long-term borrowings	0.322	3.446	1.748
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.322	3.446	1.748
Debt/Equity ratio	0.041	0.403	0.193

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 two years	Yes
12]	Profitability for last two 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	Yes
20]	Export / Import details (if applicable)	Yes
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	Yes
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	10086362	12/01/2008	15,000,000.00	STATE BANK OF INDIA	NACHARAM, I D A, HYDERABAD, Andhra Pradesh - 5015 07, INDIA	A31757339

* Date of charge modification

FIXED ASSETS

• Land

• Buildings
• Plant and Machinery
• Computers
• Furniture and Fixtures
• Vehicles
• Office Equipments
• Air Conditioner
• Hoist E O T 5tons Capacity

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.64.20
UK Pound	1	Rs.100.03
Euro	1	Rs.71.91

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	RSH
Report Prepared by :	RKI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
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	2
--CREDIT LINES	1~10	3
--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	YES
--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.