MIRA INFORM REPORT

Report No. :	323125
Report Date :	20.05.2015

IDENTIFICATION DETAILS

Name :	METAFRIQUE TRADING PRIVATE LIMITED (w.e.f. 25.05.2011)

Formally Known As:	ARUSHA REAL ESTATE PRIVATE LIMITED

Registered Office :	A-402, Ansal Chamber-1, 3, Bhikaji Cama Place, New Delhi -110066
Mobile No.:	91-9911581703 (Mr. Kamlesh)

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	18.02.2011

Com. Reg. No.:	55-214377

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

CIN No.: [Company Identification No.]	U70101DL2011PTC214377

TAN No.: [Tax Deduction & Collection Account No.]	DELM21729B

PAN No.: [Permanent Account No.]	AAJCA3437F

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer and Exporter of Varieties, Uses, and Values of Gadgets, Implements, Accessories, parts, Spare Assemblies, Components, moulds, Jogs, Nuts, Fixtures and Tools.

No. of Employees :	25 (Approximately)

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 2000

Status :	Moderate

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Even though the company was incorporated on 18^th February 2011, it has recently start commence its business activities. Mr. Kamlesh (Account Manager) provided the general information to us and claimed company has started commencement of business activities from April 2013. Company has achieve minimal sales from its business operations and have reported nominal profit for the financial year ended 2013-2014. Rating remain constrain on account of limited track record of business operations. However, its trade relations are reported to be fair. Business is active, payments 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 – 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. Kamlesh
Designation :	Account Manager
Contact No.:	91-9911581703
Date :	16.05.2015

LOCATIONS

Registered Office/ Factory :	A-402, Ansal Chamber-1, 3, Bhikaji Cama Place, New Delhi -110066, India
Tel. No.:	Not Available
Mobile No.:	91-9911581703 (Mr. Kamlesh)
Fax No.:	Not Available
E-Mail :	Acc.ind@metafrique.net jogindermittal@gmail.com

DIRECTORS

As on 30.09.2014

Name :

Mr. Arun Goswami

Designation :

Director

Address :

620 B, Hamilton Court, DLF Phase IV, Gurgaon – 122002, Haryana, India

Date of Birth/Age :

06.01.1967

Date of Appointment :

18.02.2011

DIN No.:

00075305

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	U74899DL2001PTC109081	AZTEC EXIM PRIVATE LIMITED	Managing director	14-01-2001	14-01-2001	-	Converted to LLP and dissolved	NO
2	U72900DL2003PTC120134	NIMBLE SYSTEMS PRIVATE LIMITED	Director	01-05-2003	01-05-2003	-	Active	NO
3	U74140HR2004PTC035562	INTRADE BUSINESS TECHNOLOGIES PRIVATE LIMITED	Director	09-12-2004	09-12-2004	-	Strike off	NO
4	U15112HR2006PTC036372	AZTEC FEEDS PRIVATE LIMITED	Director	16-09-2006	16-09-2006	-	Strike off	NO
5	U70101DL2011PTC214377	METAFRIQUE TRADING PRIVATE LIMITED	Director	18-02-2011	18-02-2011	-	Active	NO
6	AAD-4269	AZTEC EXIM LLP	Designated Partner	23-02-2015	23-02-2015	-	Active	NO

Name :

Mrs. Shalini Bhat Goswami

Designation :

Director

Address :

620 B, Hamilton Court, DLF Phase IV, Gurgaon – 122002, Haryana, India

Date of Birth/Age :

02.09.1967

Date of Appointment :

18.02.2011

DIN No.:

00077396

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	U74899DL2001PTC109081	AZTEC EXIM PRIVATE LIMITED	Director	14-01-2001	14-01-2001	-	Converted to LLP and dissolved	NO
2	U74140HR2004PTC035562	INTRADE BUSINESS TECHNOLOGIES PRIVATE LIMITED	Director	09-12-2004	09-12-2004	-	Strike off	NO
3	U15112HR2006PTC036372	AZTEC FEEDS PRIVATE LIMITED	Director	01-02-2007	01-02-2007	-	Strike off	NO
4	U74999DL2010PTC198969	CENTRE FOR INTEGRATED ANIMAL HUSBANDRY & DAIRY DEVELOPMENT PRIVATE LIMITED	Director	11-02-2010	11-02-2010	-	Active	NO
5	U70101DL2011PTC214377	METAFRIQUE TRADING PRIVATE LIMITED	Director	18-02-2011	18-02-2011	-	Active	NO
6	AAD-4269	AZTEC EXIM LLP	Designated Partner	23-02-2015	23-02-2015	-	Active	NO

Name :

Mr. Pawan Bhandari

Designation :

Director

Address :

1503, 15 Floor, Lodha Grandeur,7, Sayani Road, Dadar, Mumbai – 400028, Maharashtra, India

Date of Birth/Age :

02.09.1970

Date of Appointment :

04.04.2014

DIN No.:

01328412

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	U72900DL2003PTC120134	NIMBLE SYSTEMS PRIVATE LIMITED	Director	01-05-2003	01-05-2003	-	Active	NO
2	U74140HR2004PTC035562	INTRADE BUSINESS TECHNOLOGIES PRIVATE LIMITED	Director	27-02-2007	27-02-2007	-	Strike off	NO
3	U70101DL2011PTC214377	METAFRIQUE TRADING PRIVATE LIMITED	Director	04-04-2014	04-04-2014	-	Active	NO
4	U74899DL2001PTC109081	AZTEC EXIM PRIVATE LIMITED	Director	04-04-2014	04-04-2014	-	Converted to LLP and dissolved	NO
5	AAD-4269	AZTEC EXIM LLP	Designated Partner	23-02-2015	23-02-2015	-	Active	NO
6	AAD-6029	TANGERINE ONLINE REPUTATION MANAGEMENT LLP	Designated Partner	24-03-2015	24-03-2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Kamlesh
Designation :	Account Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Arun Goswami	40000	40.00
Shalini Bhat Goswami	60000	60.00
Total	100000	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 Exporter of Varieties, Uses, and Values of Gadgets, Implements, Accessories, parts, Spare Assemblies, Components, moulds, Jogs, Nuts, Fixtures and Tools.

Products :	Gadgets Implements Accessories, parts Spare Assemblies Components Moulds Fixtures and Tools etc.

Brand Names :	Not Divulged

Agencies Held :	Not Divulged

Exports :
Products :	Gadgets Implements Accessories, parts Spare Assemblies Components Moulds Fixtures and Tools etc.
Countries :	African Countries

Imports :
Products :	Raw Material
Countries :	Dubai China

Terms :
Selling :	Cash and Credit

Purchasing :	Cash 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 :

Wholesalers and Retailers

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 :

25(Approximately) )

Bankers :

Bank Name	HDFC Bank Limited
Branch	Gurgaon Branch, Delhi, 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

Auditors :
Name :	J M and Associates Chartered Accountants
Address :	A-402, Ansal Chamber-1, 3, Bhikaji Cama Place, New Delhi -110066, India
Tel. No.:	91-11-26178986
Mobile No.:	91-9811694889
Fax No.:	91-11-26168848
E-Mail :	jogindermittal@gmail.com jm@jm-india.com
Website:	www.jm-india.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAGFK4561N

Memberships :	Not Available

Collaborators :	Not Available

Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012

I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100	0.100
(b) Reserves & Surplus	0.488	0.000	0.000
(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)	0.588	0.100	0.100

(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(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)	0.000	0.000	0.000

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	25.488	0.000	0.260
(c) Other current liabilities	80.959	0.379	0.000
(d) Short-term provisions	0.205	0.000	0.009
Total Current Liabilities (4)	106.652	0.379	0.269

TOTAL	107.240	0.479	0.369

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000	0.000
(ii) Intangible Assets	0.070	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)	0.020	0.000	0.000
(d) Long-term Loan and Advances	0.209	0.111	0.101
(e) Other Non-current assets	0.000	0.091	0.088
Total Non-Current Assets	0.299	0.202	0.189

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	42.731	0.000	0.000
(c) Trade receivables	8.597	0.000	0.000
(d) Cash and cash equivalents	5.167	0.277	0.180
(e) Short-term loans and advances	50.446	0.000	0.000
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	106.941	0.277	0.180

TOTAL	107.240	0.479	0.369

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014
	SALES
	Income	224.813
	Other Income	1.008
	TOTAL (A)	225.821

Less	EXPENSES
	Cost of Materials Consumed	259.745
	Purchases of Stock-in-Trade	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(42.731)
	Employees benefits expense	3.499
	Office and Administrative expenses	4.383
	TOTAL (B)	224.896

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	0.925

Less	FINANCIAL EXPENSES (D)	0.150

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	0.775

Less/ Add	DEPRECIATION/ AMORTISATION (F)	0.101

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	0.674

Less	TAX (H)	0.226

	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	0.448

	Earnings / (Loss) Per Share (Rs.)	48.82

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

Cash generated from operations

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.20	NA	NA

Operating Profit Margin (PBIDT/Sales)	(%)	0.41	NA	NA

Return on Total Assets (PBT/Total Assets}	(%)	0.63	NA	NA

Return on Investment (ROI) (PBT/Networth)		1.15	NA	NA

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

Current Ratio (Current Asset/Current Liability)		1.00	0.73	0.67

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	0.100	0.100
Reserves & Surplus	0.000	0.000	0.488
Net worth	0.100	0.100	0.588

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

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	No
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	Yes
26	Turnover of firm for last one years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last one 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

INDEX OF CHARGES - NO CHARGES EXIST FOR COMPANY

FIXED ASSETS

Tangible Assets

Computer and Laptops
Furniture and Fittings

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.63.69
UK Pound	1	Rs.99.73
Euro	1	Rs.71.90

INFORMATION DETAILS

Information Gathered by :	RKA

Analysis Done by :	KSB

Report Prepared by :	GTA

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	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.

MIRA INFORM REPORT

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