MIRA INFORM REPORT

Report No. :	320856
Report Date :	19.05.2015

IDENTIFICATION DETAILS

Name :	UNISTAR AQUATECH PRIVATE LIMITED

Registered Office :	Jaina Complex, 3-A, 1^st Floor, Veer Saverkar Block, Shakarpur, Delhi-110092
Tel. No.:	91-9725213792

Country :	India

Financials (as on) :	31.03.2013

Date of Incorporation :	06.10.2000

Com. Reg. No.:	55-108056

Capital Investment / Paid-up Capital :	Rs.0.100 Million

CIN No.: [Company Identification No.]	U31909DL2000PTC108056

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, Exporter, Importer and Trader of Domestic, Commercial and Industrial Water Treatment Plants, Water Softener Plants, Reverse Osmosis Plants, Hot and Cold Water Dispensers, Ultra Violet Systems and Their Accessories.

No. of Employees :	25 (Approximately)

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 1200

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is an established company having moderate track record. The management has failed to file its financial record with government department for the year 2014. The rating is constrained on account of company’s small scales of business operation and small net worth of the company. However, trade relations are fair. Business is active. Payments are reported to be unknown. The company can be considered for business dealing with some 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 – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

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

Name :	Mr. M. Singh
Designation :	Manager
Contact No.:	91-9725213792
Date :	05.05.2015

LOCATIONS

Registered Office :	1^st Floor, Jaina Complex, 3A Veer Savarkar Block, Shakarpur, Delhi-110092, India
Tel. No.:	Not Available
Mobile No.:	91-9725213792 (Mr. M. Singh)
Fax No.:	91-11-22522594
E-Mail :	unistarwater@gmail.com
Website :
Location :	Owned

Factory :	Flat No. 196, Rajendra Nagar, Industrial Area, Mohan Nagar, Ghaziabad, Uttar Pradesh, India
Location :	Rented

DIRECTORS

As on 17.09.2013

Name :	Mr. Girish Kumar Pal
Designation :	Director
Address :	3-A, Veer Savarkar Block, First Floor, Jaina Complex, Vikas Marg, Delhi-110092, India
Date of Birth/Age :	22.01.1969
Date of Appointment :	06.10.2000
DIN No.:	00180471

Name :	Mr. Biresh Pal
Designation :	Director
Address :	3-A, Veer Savarkar Block, First Floor, Jaina Complex, Vikas Marg, Delhi-110092, India
Date of Birth/Age :	01.02.1972
Date of Appointment :	10.05.2004
DIN No.:	00307830

KEY EXECUTIVES

Name :	Mr. M. Singh
Designation :	Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 17.09.2013

Names of Shareholders	No. of Shares	%age holding
Girish Kumar Pal	5100	51.00
Biresh Pal	4900	49.00
Total	10,000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 17.09.2013

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter, Importer and Trader of Domestic, Commercial and Industrial Water Treatment Plants, Water Softener Plants, Reverse Osmosis Plants, Hot and Cold Water Dispensers, Ultra Violet Systems and Their Accessories.

Products :	Reverse Osmosis Water Softener Plants Mineral Water Plant D M Plant Soda Plant Filtration Plant Ozonater U V Treatment Automatic Mineral Water Packaging Machine Lab, Glassware & Chemical Mineral Water Storage SS Tank Turnkey Industrial Project Conventional Pressure Filters Iron Removable Filters Swimming Pool Water Treatment Sewage Treatment Plants and Water Recycling Plants Effluent Treatment plant Hydro Pneumatic Pressure Boosting Systems Turnkey Swimming Pool System All Water Treatment Components Residential Product Ro System, Softener, UV System

Brand Names :	Not Divulged

Agencies Held :	Not Divulged

Exports :
Products :	Finished
Countries :	USA Nigeria

Imports :
Products :	Raw Material
Countries :	China Korea

Terms :
Selling :	Cash, Advance Payment, L\C, Cheque, and Credit

Purchasing :	Cash, Advance Payment, L\C, 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
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Agarwal Packers & Movers Ltd.
Indian Express
Baba
Philips
Tata
Bisleri
HPL
IIMS
Pentair
C.R.I Pumps
Grundfos
Hydranautics
Dow Filmtec
Wave Cyber
CSM

No. of Employees :

25 (Approximately)

Bankers :

Bank Name	HDFC Bank
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 (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Auditors :

Name :

Saurabh Krishna and Company

Chartered Accountants

Address :

F-769, First Floor, Sector-3, Vaishali, Ghaziabad-201010, Uttar Pradesh, India

PAN N Income-tax PAN of auditor or auditor's firm :

ALKPK2886M

Memberships :

Not Available

Collaborators :

Not Available

Associates/Subsidiaries :

Not Available

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount

10,000	Equity Shares	Rs.10/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

10,000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100	0.100
(b) Reserves & Surplus	0.333	0.255	0.183
(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)	0.433	0.355	0.283

(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.003	0.002	0.001
(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)	0.003	0.002	0.001

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	1.259	0.517	2.071
(c) Other current liabilities	2.520	4.884	5.648
(d) Short-term provisions	0.034	0.210	0.144
Total Current Liabilities (4)	3.813	5.611	7.863

TOTAL	4.249	5.968	8.147

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.076	0.060	0.054
(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	0.000	0.000
(d) Long-term Loan and Advances	0.026	0.026	0.026
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	0.102	0.086	0.080

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	3.320	2.637	2.022
(c) Trade receivables	0.310	0.658	4.639
(d) Cash and cash equivalents	0.177	1.360	0.454
(e) Short-term loans and advances	0.077	0.916	0.614
(f) Other current assets	0.263	0.311	0.338
Total Current Assets	4.147	5.882	8.067

TOTAL	4.249	5.968	8.147

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		TOTAL Income	12.930	9.573	16.069

Less	EXPENSES
		TOTAL EXPENSES	12.816	9.467	15.938

	PROFIT/(LOSS) BEFORE TAX		0.114	0.106	0.131

Less	TAX		0.036	0.035	0.048

	PROFIT/(LOSS) AFTER TAX		0.078	0.071	0.083

	Earnings / (Loss) Per Share (Rs.)		7.85	7.17	8.33

Particulars

31.03.2014

Sales Turnover (Approximately)

30.000 Million

Expected Sales (2014-15) Rs. 40.000 Million

The above information has been parted by Mr. M. Singh (Manager)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars

31.03.2013

31.03.2012

31.03.2011

Current Maturities of Long term debt

Cash generated from operations

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Return on Total Assets (PBT/Total Assets}	(%)	2.68	1.78	1.61

Return on Investment (ROI) (PBT/Networth)		0.26	0.30	0.46

Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.00

Current Ratio (Current Asset/Current Liability)		1.09	1.05	1.03

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	0.100	0.100	0.100
Reserves & Surplus	0.183	0.255	0.333
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	0.283	0.355	0.433

long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	16.069	9.573	12.930
		(40.426)	35.067

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	16.069	9.573	12.930
Profit	0.083	0.071	0.078
	0.52%	0.74%	0.60%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	Yes
16	No. of employees	Yes
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	No
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	No
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from Bmz Thikana Complex 19, veer Savarkar Block Shakarpur, Delhi, India to the present address w.e.f. 24.04.2006

FIXED ASSETS

· Furniture and Fittings

· Computer

· UPS

· Laptop Sony

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.63.68
UK Pound	1	Rs.99.72
Euro	1	Rs.71.90

INFORMATION DETAILS

Information Gathered by :	SUP

Analysis Done by :	KAR

Report Prepared by :	PJA

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	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		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.

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