MIRA INFORM REPORT

Report No. :	322209
Report Date :	15.05.2015

IDENTIFICATION DETAILS

Name :	OSWAL TRADERS AND TRAVELS PRIVATE LIMITED
Registered Office :	30, Munro Road, Agra Cantt, Agra – 282001, Uttar Pradesh
Tel. No.:	91-562-2226520
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	16.12.1987
Com. Reg. No.:	20-009208
Capital Investment / Paid-up Capital :	Rs. 75.000 Million
CIN No.: [Company Identification No.]	U26960UP1987PTC009208
IEC No.:	0605008965
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 Trader of Handicraft.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

Maximum Credit Limit :	USD 1100000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for 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 DECLINED BY

Name :	Mr. Yeshwant
Designation :	Export Department
Contact No.:	91-9359904075
Date :	12.05.2015

LOCATIONS

Registered Office :	30, Munro Road, Agra Cantt, Agra – 282001, Uttar Pradesh, India
Tel. No.:	91-562-2226520/2225711
Fax No.:	Not Available
E-Mail :	mehrotra.praveen@icai.org

DIRECTORS

As on 30.09.2014

Name :

Mr. Ashok Kumar Jain

Designation :

Managing director

Address :

95, Taj Road, Agra Cantt, Agra -2820011 Utter Pradesh, India

Date of Birth/Age :

22.08.1950

Date of Appointment :

16.12.1987

DIN No.:

00480191

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	U26960UP1987PTC009208	OSWAL TRADERS AND TRAVELS PRIVATE LIMITED	Managing director	16-12-87	16-12-87	-	Active	NO
2	U55101UP1995PLC018271	OSWAL MOTELS AND RESORTS LIMITED	Managing director	20-06-95	20-06-95	-	Active	NO
3	U45201UP2005PTC030687	KATYAYANI CREATIONS (INDIA) PRIVATE LIMITED	Director	29-09-05	29-09-05	-	Active	NO
4	U14200UP2007PTC033629	OSWAL ARTS PRIVATE LIMITED	Director	18-07-07	18-07-07	-	Active	NO
5	U74900UP1990PTC011524	Solandra Distributors Private limited	Director	30-09-10	30-03-10	-	Active	NO
6	L51909MH1994PLC193901	TAVERNIER RESOURCES LIMITED	Director	17-09-10	20-07-10	19-05-12	Active	NO
7	U70102UP2011PTC044602	ASHOKUSHA INFRA DEVELOPER PRIVATE LIMITED	Director	02-05-11	02-05-11	-	Active	NO
8	U70100UP2011PTC044687	A R U INFRA DEVELOPER PRIVATE LIMITED	Director	06-05-11	06-05-11	-	Active	NO
9	U91990UP1965NPL000130	AGRA CLUB LIMITED	Director	29-12-11	29-12-11	28-12-12	Active	NO

Name :

Ms. Usha Jain

Designation :

Director

Address :

95, Taj Road, Agra Cantt, Agra -2820011 Utter Pradesh, India

Date of Birth/Age :

29.09.1950

Date of Appointment :

16.12.1987

DIN No.:

01623909

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	U26960UP1987PTC009208	OSWAL TRADERS AND TRAVELS PRIVATE LIMITED	Director	16-12-87	16-12-87	-	Active	NO
2	U55101UP1995PLC018271	OSWAL MOTELS AND RESORTS LIMITED	Director	20-06-95	20-06-95	-	Active	NO
3	U85199UP1997PTC021892	KATYAYANI HEALTHCARE PRIVATE LIMITED	Director	05-05-97	05-05-97	-	Active	NO
4	U45201UP2005PTC030687	KATYAYANI CREATIONS (INDIA) PRIVATE LIMITED	Director	29-09-05	29-09-05	-	Active	NO
5	U14200UP2007PTC033629	OSWAL ARTS PRIVATE LIMITED	Director	18-07-07	18-07-07	-	Active	NO
6	U74900UP1990PTC011524	Solandra Distributors Private limited	Director	30-09-10	30-03-10	-	Active	NO
7	L51909MH1994PLC193901	TAVERNIER RESOURCES LIMITED	Director	17-09-10	20-07-10	19-05-12	Active	NO
8	U70102UP2011PTC044602	ASHOKUSHA INFRA DEVELOPER PRIVATE LIMITED	Director	02-05-11	02-05-11	-	Active	NO

Name :

Mr. Anurag Jain

Designation :

Director

Address :

95, Taj Road, Agra Cantt, Agra -2820011 Utter Pradesh, India

Date of Birth/Age :

13.12.1993

Date of Appointment :

11.08.2012

DIN No.:

05311153

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	U55101UP1995PLC018271	OSWAL MOTELS AND RESORTS LIMITED	Director	29-09-12	11-08-12	-	Active	NO
2	U14200UP2007PTC033629	OSWAL ARTS PRIVATE LIMITED	Director	29-09-12	11-08-12	-	Active	NO
3	U26960UP1987PTC009208	OSWAL TRADERS AND TRAVELS PRIVATE LIMITED	Director	29-09-12	11-08-12	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Alok Singh
Designation :	Secretary
Address :	6C/22/2, Lane No.3, Azad Nagar, Khandari, Agra- Uttar Pradesh, India
Date of Birth/Age :	19.02.1989
Date of Appointment :	01.08.2014
PAN No.:	FKNPS0118H

Name :	Mr. Yeshwant
Designation :	Export Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Ashok Kumar Jain	3632800	48.44
Usha jain	3867200	51.56
Total	7500000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Trader of Handicraft.
Products :	Handicraft
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :
Products:	Not Divulged
Country:	USA
Imports :	Not Divulged
Terms :	Not Divulged

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
Maximum Limit Dealt :	Not Divulged
Experience :	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
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

Information declined by the management

Bankers :

Bank Name	Axis Bank
Branch	GF 1,3-16, Anupam Plaza-2, Sanjay Place, Agra - 282002, Uttar Pradesh, 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 :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Rupee term loans from banks	58.250	43.707
Short-term borrowings
Rupee term loans from banks	221.974	221.699
Total	280.224	265.406

Auditors :
Name :	P. Mehrotra and Company Chartered Accountants
Address :	240 Nehru Nagar, Agra – 282002, Uttar Pradesh, India
PAN N Income-tax PAN of auditor or auditor's firm :	ACEPM6090Q
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AFTER 30.09.2014

Authorised Capital : Rs. 200.000 Million

Issued, Subscribed & Paid-up Capital : Rs. 138.750 Million

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs.10/- each	Rs. 100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
7500000	Equity Shares	Rs.10/- each	Rs. 75.000 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	75.000	75.000	75.000
(b) Reserves & Surplus	128.166	109.454	91.969
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	178.681	178.681	0.000
Total Shareholders’ Funds (1) + (2)	381.847	363.135	166.969
(3) Non-Current Liabilities
(a) long-term borrowings	125.961	109.244	246.458
(b) Deferred tax liabilities (Net)	3.169	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)	129.130	109.244	246.458
(4) Current Liabilities
(a) Short term borrowings	221.974	221.699	219.476
(b) Trade payables	11.589	13.162	11.093
(c) Other current liabilities	67.880	46.855	33.454
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	301.443	281.716	264.023
TOTAL	812.420	754.095	677.450
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	252.697	256.228	221.530
(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)	0.000	0.041	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	2.753	2.810	2.867
Total Non-Current Assets	255.450	259.079	224.397
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	499.293	439.401	368.066
(c) Trade receivables	4.364	10.821	11.797
(d) Cash and cash equivalents	9.747	5.882	31.094
(e) Short-term loans and advances	43.566	38.912	42.096
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	556.970	495.016	453.053
TOTAL	812.420	754.095	677.450

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	404.462	384.765	338.252
	Other Income
	TOTAL (A)	404.462	384.765	338.252
Less	EXPENSES
	TOTAL (B)	319.511	295.665	262.514
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	84.951	89.100	75.738
Less	FINANCIAL EXPENSES (D)	50.859	56.242	44.964
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	34.092	32.858	30.774
Less/ Add	DEPRECIATION/ AMORTISATION (F)	10.502	11.357	9.972
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	23.590	21.501	20.802
Less	TAX (H)	7.564	4.017	3.701
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	16.026	17.484	17.101
	Earnings / (Loss) Per Share (Rs.)	2.14	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	2.90	2.85	3.07
Return on Investment (ROI) (PBT/Networth)		0.06	0.06	0.12
Debt Equity Ratio (Total Debt /Networth)		0.91	0.91	2.79
Current Ratio (Current Asset/Current Liability)		1.85	1.76	1.72

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	75.000	75.000	75.000
Reserves & Surplus	91.969	109.454	128.166
Net worth	166.969	184.454	203.166
long-term borrowings	246.458	109.244	125.961
Short term borrowings	219.476	221.699	221.974
Total borrowings	465.934	330.943	347.935
Debt/Equity ratio	2.791	1.794	1.713

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)
Total Income	338.252	384.765	404.462
		13.751	5.119

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	338.252	384.765	404.462
Profit	17.101	17.484	16.026
	5.06%	4.54%	3.96%

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 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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Other loans and advances, others	67.711	65.537
Total	67.711	65.537

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10421842	30/10/2014 *	297,600,000.00	BANK OF BARODA	1ST FLOOR, BLOCK-A, JEEVAN PRAKASH L.I.C BHAVAN, SANJAY PLACE, AGRA, UTTAR PRADESH - 282002, INDIA	C31965452
2	10421826	16/03/2013	250,000,000.00	BANK OF BARODA	1ST FLOOR, BLOCK-A, JEEVAN PRAKASH L.I.C BHAVAN, SANJAY PLACE, AGRA, UTTAR PRADESH - 282002, INDIA	B73774523

* Date of charge modification

FIXED ASSETS

Tangible assets

• Land
• Buildings
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer equipments

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.100.65
Euro	1	Rs.72.88

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	SAN
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--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		49

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.