MIRA INFORM REPORT

Report No. :	322388
Report Date :	15.05.2015

IDENTIFICATION DETAILS

Name :	K.S.J. METAL IMPEX PRIVATE LIMITED
Registered Office :	Prince Apartment, A Block, 7^th Floor, 59, Ormes Road, Kilpauk, Chennai – 600 010, Tamilnadu
Tel No :	91-44-43409494
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	16.06.2006
Com. Reg. No.:	18-060244
Capital Investment / Paid-up Capital :	Rs.50.128 Million
CIN No.: [Company Identification No.]	U28112TN2006PTC060244
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAECK5314Q
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Suppliers of Ferrous and Non-ferrous Metals.
No. of Employees :	15 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba(45)

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

Maximum Credit Limit :	USD 750000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. General financials conditions of the company is sound. Trade relation are fair. Business is active. Payment terms are reported to be usually correct. The concern can be considered for the 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.

INFORMATION PARTED BY (General Information)

Name :	Mr. Karthik A
Designation :	Account manager
Contact No.:	91-9940678446
Date :	14.05.2015

LOCATIONS

Registered Office :	Prince Apartment, A Block, 7^th Floor, 59, Ormes Road, Kilpauk, Chennai – 600 010, Tamilnadu
Tel. No.:	91-44-43409494
Mobile No.:	91-9940678446(Mr. Karthik A)
Fax No.:	Not Available
E-Mail :	hsjain9584@gmail.com info@jainmetalgroup.com nuk3@yahoo.com
Location :	Owned (Residential)
Godown :	#200, Madahavaram High Road, Chennai – 600 060, Tamilnadu, India

DIRECTORS

As on 30.09.2014

Name :

Mr. Kamlesh Shantilal Jain

Designation :

Director

Address :

New No. 3, Ponnappan Lane, Wall Tax Road, Chennai–600 003, Tamilnadu, India

Date of Appointment :

16.06.2006

DIN No.:

01447952

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	U28112TN2006PTC060244	K.S.J.METAL IMPEX PRIVATE LIMITED	Director	16/06/2006	16/06/2006	-	Active	NO
2	U70101TN2007PTC065352	SBS INFRA DEVELOPMENT PRIVATE LIMITED	Director	13/11/2007	13/11/2007	-	Strike off	NO
3	U45207TN2011PTC083339	RATNAPURI CONSTRUCTIONS PRIVATE LIMITED	Managing director	01/12/2011	01/12/2011	-	Active	NO
4	U70200WB2009PTC132989	KSJ INFRASTRUCTURE PRIVATE LIMITED	Director	09/07/2012	09/07/2012	-	Active	NO
5	U70101DL2012PTC233421	JBN ASSOCIATES PRIVATE LIMITED	Additional director	05/04/2013	05/04/2013	18/06/2013	Active	NO
6	U51909WB2010PTC149484	JACKPOT COMMODEAL PRIVATE LIMITED	Director	23/09/2013	23/09/2013	-	Active	NO
7	U74900WB2009PTC134419	SALPUTRI DEALERS PRIVATE LIMITED	Director	23/09/2013	23/09/2013	-	Active	NO
8	U45400TN2013PTC093721	BBCL CONSTRUCTIONS (INDIA) PRIVATE LIMITED	Additional director	21/11/2013	21/11/2013	01/11/2014	Active	NO

Name :

Mr. Hemant Shantilal Jain

Designation :

Director

Address :

Old No.97, 4^th Floor, Audiappa Naiken Street, Off Maya Chat House, Sowcarpet, Chennai-600079, Tamilnadu, India

Date of Appointment :

11.04.2013

DIN No.:

06545627

Name :

Mr. Shantilal Sokalchand Jain

Designation :

Director

Address :

43, Thambu Samy Road, Kilpauk, Chennai–600010, Tamilnadu, India

Date of Appointment :

11.04.2013

DIN No.:

06545628

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	U28112TN2006PTC060244	K.S.J.METAL IMPEX PRIVATE LIMITED	Director	11/04/2013	11/04/2013	-	Active	NO

Name :

Shreyansh Jain

Designation :

Director

Address :

1089, Shankeswara Serenit, 14^th Flr,1401, A Block, Poonammallee High Road, Chenni-600084

Date of Appointment :

30.09.2014

DIN No.:

01447953

PAN No.:

KEY EXECUTIVES

Name :	Mr. Karthik A
Designation :	Account Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	%age
Kamlesh Shantilal Jain	1610480	33.72
Geetha Kamlesh Jain	425000	8.90
Anis Ahmed Burney	2339900	49.00
Shreya Jain	400000	8.38
Total	4,775,380	100.00

As on 25.11.2014

Names of Shareholders	No. of Shares	%age
Sandeep M Shishodia Occ: Business	237432	100.00

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	51.00
Other top fifty shareholders	49.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and Suppliers of Ferrous and Non-ferrous Metals.
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :
Products :	Finished Goods
Countries :	Korea
Terms :
Selling :	Cash, Cheque and Credit
Purchasing :	Cash, 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

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

No. of Employees :

15 (Approximately)

Bankers :

Banker Name	Axis Bank Limited
Branch Address	Corporate Banking Branch, Ground Floor, Karumuthu Nilayam, No.192, Anna Salai, Chennai–600002, Tamilnadu, 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 Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Borrowing	280.137	514.778
Total	280.137	514.778

Auditors :
Name :	NDM Associates Chartered Accountant
Address :	311, City Centre, 186, Purasawalkam High Road, Chennai – 600 010, Tamilnadu, India
Tel. No.:	91-44-25325710
Fax No.:	91-44-26481387
PAN No.:	AAFPM5929F
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern :	Jain Metal Rolling Mills

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
12500000	Equity Shares	Rs.10/- each	Rs. 125.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4775380	Equity Shares	Rs.10/- each	Rs. 47.754 Million

After 30.09.2014

Authorized Capital:

No. of Shares	Type	Value	Amount
12500000	Equity Shares	Rs.10/- each	Rs. 125.000 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
5012812	Equity Shares	Rs.10/- each	Rs.50.128 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	47.753	47.754	47.754
(b) Reserves & Surplus	216.148	199.876	184.433
(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)	263.901	247.630	232.187
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.064	0.012	0.000
(c) Other long term liabilities	4.562	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	4.626	0.012	0.000
(4) Current Liabilities
(a) Short term borrowings	312.976	540.140	470.254
(b) Trade payables	281.183	158.654	367.232
(c) Other current liabilities	1.421	4.236	2.649
(d) Short-term provisions	4.006	0.000	0.376
Total Current Liabilities (4)	599.586	703.030	840.511
TOTAL	868.113	950.672	1072.698
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	12.633	5.754	4.590
(ii) Intangible Assets	0.082	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)	0.000	0.000	0.000
(d) Long-term Loan and Advances	22.500	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	35.215	5.754	4.590
(2) Current assets
(a) Current investments	159.492	21.439	338.338
(b) Inventories	35.980	123.830	21.112
(c) Trade receivables	469.670	386.994	142.447
(d) Cash and cash equivalents	93.173	262.495	511.389
(e) Short-term loans and advances	24.716	124.112	54.822
(f) Other current assets	49.867	26.048	0.000
Total Current Assets	832.898	944.918	1068.108
TOTAL	868.113	950.672	1072.698

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		GROSS INCOME		4124.791
		TOTAL EXPENSES		NA
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		NA	NA
	PROFIT/(LOSS) BEFORE TAX			22.180
					NA
Less	TAX			6.737
	PROFIT/(LOSS) AFTER TAX		16.272	15.443
	EARNINGS IN FOREIGN CURRENCY
		Earnings	NA	2100.375
	Earnings / (Loss) Per Share (Rs.)		3.41	3.23

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	0.00	2.33	0.00
Return on Investment (ROI) (PBT/Networth)		0.00	0.09	0.00
Debt Equity Ratio (Total Debt /Networth)		2.03	2.18	1.19
Current Ratio (Current Asset/Current Liability)		1.27	1.34	1.39

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	47.754	47.754	47.753
Reserves & Surplus	184.433	199.876	216.148
Net worth	232.187	247.630	263.901
long-term borrowings	0.000	0.000	0.000
Short term borrowings	470.254	540.140	312.976
Total borrowings	470.254	540.140	312.976
Debt/Equity ratio	2.025	2.181	1.186

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 tow years	No
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	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	No
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

Note:

Registered office of the company has been shifted from 3, Ponnappan Laneparrys, Chennai-600003, Tamil Nadu, India to the present address w.e.f 22.03.2011

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Borrowing	32.838	25.362
Total	32.838	25.362

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10349109	11/02/2014 *	500,000,000.00	AXIS BANK LTD	CORPORATE BANKING BRANCH, GROUND FLOOR, KARUMUTHU NILAYAM, NO.192, ANNA SALAI, CHENNAI, Tamil Nadu - 600002, INDIA	C00393025

* Date of charge modification

FIXED ASSETS

• Land
• Furniture and Fixtures
• Vehicles
• Office Equipment
• Computer Equipment’s

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.63.57
UK Pound	1	Rs.100.29
Euro	1	Rs.72.37

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	KSH
Report Prepared by :	PJA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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	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		45

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	--

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.