MIRA INFORM REPORT

Report No. :	319813
Report Date :	13.04.2015

IDENTIFICATION DETAILS

Name :	SHARK SHOPFITS PRIVATE LIMITED
Registered Office :	C – 23, First Floor, Shivalik Colony, Malviya Nagar, New Delhi – 110017
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	21.03.2012
Com. Reg. No.:	55-233246
Capital Investment / Paid-up Capital :	Rs. 0.450 Million
CIN No.: [Company Identification No.]	U36100DL2012PTC233246
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELS47506E
PAN No.: [Permanent Account No.]	AARCS2818J
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing of Mould Kitchen and Retail Fixture.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 100000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. The rating reflects company sound financial risk profile marked by healthy reserves position and fair profitability of the company. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct. The company can be considered normal business dealings at usual 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.

LOCATIONS

Registered Office :	C – 23, First Floor, Shivalik Colony, Malviya Nagar, New Delhi – 110017, India
Tel. No.:	Not Available
E-Mail :	Rajender.kumar2001@gamil.com
Fax No :	Not Available
Factory :	Plot No. 29 and 28 A, Udyog Vihar Echotec - II, Greater Noida, District. Gautam Budh Nagar, Uttar Pradesh - 201306, India
Tel. No.:	91-1204811090
E-Mail :	accounts@shark.designs.com
Website :	www.sharkdesigns.com

DIRECTORS

As on : 30.09.2014

Name :

Ms. Jyoti Nautiyal

Designation :

Director

Address :

10/14, Sarva Priya Vihar Basement Floor, Delhi – 110016, India

Date of Birth/Age :

24.03.1976

Date of Appointment :

21.03.2012

DIN No.:

05222048

Name :

Mr. Manish Jain

Designation :

Director

Address :

E 3, First Floor, Greater Kailash – III, Delhi – 110048, India

Date of Birth/Age :

26.08.1975

Date of Appointment :

13.04.2012

DIN No.:

01168232

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	U36101DL2006PTC150595	SHARK DESIGN STUDIO PRIVATE LIMITED	Director	06/07/2006	06/07/2006	-	Active	NO
2	U55100DL2008PTC185218	SUN CAFE & BAR PRIVATE LIMITED	Director	25/11/2008	25/11/2008	30/03/2010	Active	NO
3	U36100DL2012PTC233246	SHARK SHOPFITS PRIVATE LIMITED	Director	13/04/2012	13/04/2012	-	Active	NO

Name :

Ms. Shweta Jain

Designation :

Director

Address :

T -18, Green Park Extension, Delhi – 110016, India

Date of Birth/Age :

08.11.1978

Date of Appointment :

21.03.2012

DIN No.:

05222050

Name :

Mr. Avenish Jain

Designation :

Director

Address :

S -187, Second Floor, Greater Kailash Part – II, Delhi – 110048, India

Date of Birth/Age :

24.05.1974

Date of Appointment :

16.01.2013

DIN No.:

00301896

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	U36101DL2006PTC150595	SHARK DESIGN STUDIO PRIVATE LIMITED	Director	06/07/2006	06/07/2006	-	Active	NO
2	U55100DL2008PTC185218	SUN CAFE & BAR PRIVATE LIMITED	Director	25/11/2008	25/11/2008	30/03/2010	Active	NO
3	U36100DL2012PTC233246	SHARK SHOPFITS PRIVATE LIMITED	Director	16/01/2013	16/01/2013	-	Active	NO

Name :

Mr. Ashish Jain

Designation :

Director

Address :

T -18, Green Park Extension, Delhi – 110016, India

Date of Birth/Age :

17.06.1975

Date of Appointment :

16.01.2013

DIN No.:

00301942

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	U36101DL2006PTC150595	SHARK DESIGN STUDIO PRIVATE LIMITED	Director	06/07/2006	06/07/2006	-	Active	NO
2	U55100DL2008PTC185218	SUN CAFE & BAR PRIVATE LIMITED	Director	25/11/2008	25/11/2008	30/03/2010	Active	NO
3	U36100DL2012PTC233246	SHARK SHOPFITS PRIVATE LIMITED	Director	16/01/2013	16/01/2013	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 30.09.2014

Names of Shareholders	No. of Shares
Jyoti Nautiyal	5000
Shweta Jain	5000
Ashish Jain	10677
Avenish Jain	10000
Manish Jain	16146
Arvind Jain	10
Rashmi Jain	10
Roopal Jain	10
Varsha Jain	11
Meera Bai Jain	11
Sandeep Jain	11
Sandeep Jain (HUF)	532
Total	47418

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 :	Manufacturing of Mould Kitchen and Retail Fixture.
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :	Not Available

PRODUCTION STATUS = NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Available
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Experience :	Not Available
Maximum Limit Dealt :	Not Available

Customers :

Reference :	Not Available
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Experience :	Not Available
Maximum Limit Dealt :	Not Available

No. of Employees :

Not Divulged

Bankers :

Banker Name	Not Available
Branch Address	Not Available
Person Name (With Designation)	Not Available
Contact Number	Not Available
Name of Account Holder	Not Available
Account Number	Not Available
Account Since (Date/Year of Account Opening)	Not Available
Average Balance Maintained (If Possible)	Not Available
Credit Facilities Enjoyed (If any)	Not Available
Account Operation	Not Available
Remarks (If any)	Not Available

Auditors :
Name :	Jain and Malhotra Chartered Accountant
Address :	42 – B, Hanuman Lane, Near Connaught Place, New Delhi – 110001, India
Tel. No.:	91-11-233557488 / 23347494 / 23363714
E-Mail :	Jain.malhotra@gmail.com
PAN No.:	AABFJ6391E
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern :	Not Available

CAPITAL STRUCTURE

As on : 30.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs. 5.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
47418	Equity Shares	Rs.10/- each	Rs. 0.474 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	0.450	0.450	0.100
(b) Reserves & Surplus	33.266	11.768	-0.163
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	2.254	1.754	0.000
Total Shareholders’ Funds (1) + (2)	35.970	13.972	-0.063
(3) Non-Current Liabilities
(a) long-term borrowings	14.360	8.328	1.135
(b) Deferred tax liabilities (Net)	0.459	0.563	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)	14.819	8.891	1.135
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	79.204	54.031	0.000
(c) Other current liabilities	32.643	19.280	0.034
(d) Short-term provisions	10.500	5.100	0.000
Total Current Liabilities (4)	122.347	78.411	0.034
TOTAL	173.136	101.274	1.106
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	29.980	8.451	0.000
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.800	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)	0.000	0.000	0.001
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	13.375	6.659	1.000
Total Non-Current Assets	43.355	15.910	1.001
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	23.086	13.096	0.000
(c) Trade receivables	81.502	57.844	0.000
(d) Cash and cash equivalents	2.939	5.465	0.005
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	22.254	8.959	0.100
Total Current Assets	129.781	85.364	0.105
TOTAL	173.136	101.274	1.106

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013
	SALES
		TURNOVER	478.837	233.356
Less		EXPENSES	NA	NA
	PROFIT/(LOSS) BEFORE TAX		32.014	17.595
Less	TAX		10.396	5.665
	PROFIT/(LOSS) AFTER TAX		21.618	11.930
	Earnings Per Share (Rs.)		455.90	251.59

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	4.51	5.11	----
Operating Profit Margin (PBDIT / Sales)	(%)	6.69	7.54	-----
Return on Total Assets (PBT/Total Assets}	(%)	18.49	17.51	0.00
Return on Investment (ROI) (PBT/Networth)		0.89	1.26	0.00
Debt Equity Ratio (Total Debt /Networth)		0.40	0.60	(18.02)
Current Ratio (Current Asset/Current Liability)		1.06	1.09	3.09

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	0.100	0.450	0.450
Reserves & Surplus	(0.163)	11.768	33.266
Net worth	(0.063)	12.218	33.716
long-term borrowings	1.135	8.328	14.360
Short term borrowings	0.000	0.000	0.000
Total borrowings	1.135	8.328	14.360
Debt/Equity ratio	(18.016)	0.682	0.426

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	233.356	478.837
	----	105.196

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	233.356	478.837
Profit	11.930	21.618
	5.11%	4.51%

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 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	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	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

NOTE :

The registered address of the company has been shifted from T – 18, Block – T Green Park Extension, New Delhi – 110016, India to the present address (w.e.f. 18.12.2013)

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10557311	07/07/2014	20,000,000.00	RBL Bank Limited	SHAHUPURI,KOLHAPUR,, KOLHAPUR, Maharashtra - 416001, INDIA	C47868567

* 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 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.63.84
UK Pound	1	Rs.98.46
Euro	1	Rs.71.51

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	RNK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	7
--CREDIT LINES	1~10	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		48

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.