MIRA INFORM REPORT

Report No. :	323792
Report Date :	26.05.2015

IDENTIFICATION DETAILS

Name :	JINENDRA ENTERPRISE PRIVATE LIMITED
Registered Office :	A 504, 5th Floor, B.G Tower, Outside Delhi Gate, Shahibaug, Ahmedabad – 380004, Gujarat
Tel. No.:	91-79-25623374/ 66303922
Country :	India
Financials (as on) :	31.03.2015 (Provisional)
Date of Incorporation :	02.09.2013
Com. Reg. No.:	04-076655
Capital Investment / Paid-up Capital :	Rs. 0.105 Million
CIN No.: [Company Identification No.]	U52100GJ2013PTC076655
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 :	Trader and Importer of Dyes and Dyes Intermediates.
No. of Employees :	6 (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 5800
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was a proprietary concern namely JINENDRA ENTERPRISE started in the year 1982, later it got converted into private limited firm in September 2013. Mr. Sandeep Agarwal (Director) claimed that activities of private limited started in February, 2014 further he claimed that they have transfer all bank limits from JINENDRA ENTERPRISE to JINENDRA ENTERPRISE PRIVATE LIMITED. As per financials of the year 2014 the company has recorded sales turnover from its first year of operation is Rs. 23.232 Million and profit of Rs. 0.066 Million. However, trade relations are fair. Business is active. Payment terms are slow but correct. The company can be considered for the business dealings with some caution. Note: Financials of FY14, showing only for 2 months i.e. February and March data.

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	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

Name :	Mr. Sandeep Agarwal
Designation :	Director
Contact No.:	91-9725505322
Date :	22.05.2015

LOCATIONS

Registered Office :	A 504, 5th Floor, B.G Tower, Outside Delhi Gate, Shahibaug, Ahmedabad – 380004, Gujarat
Tel. No.:	91-79-25623374/ 66303922
Mobile No.:	91-9725505322 (Mr. Sandeep Agarwal) 91-9725505321 (Mr. Ravindra)
Fax No.:	91-79-25633826
E-Mail :	Jinendraenterprise@hotmail.com haritdhariwal@yahoo.com
Area :	306 sq. ft.
Location :	Owned
Warehouse :	35, Shree Estate, Nerul, Ahmedabad, Gujarat, India

DIRECTORS

As on: 30.09.2014

Name :	Mr. Ravindrakumar Chandanmal Agrawal
Designation :	Director
Address :	9, Jayeshvar Society, Shahibag, Dariyapur Kazipur, Ahmedabad-380004, Gujarat, India
Date of Birth/Age :	24.04.1985
Date of Appointment :	02.09.2013
DIN No.:	06655742
Name :	Mr. Sandeep Ravindrakumar Agrawal
Designation :	Director
Address :	9, Jayeshvar Society, Shahibag, Dariyapur Kazipur, Ahmedabad-380004, Gujarat, India
Date of Birth/Age :	24.04.1985
Date of Appointment :	02.09.2013
DIN No.:	06655756
Name :	Mrs. Shweta Sandeep Agrawal
Designation :	Director
Address :	9, Jayeshvar Society, Shahibag, Dariyapur Kazipur, Ahmedabad-380004, Gujarat, India
Date of Birth/Age :	27.07.1958
Date of Appointment :	02.09.2013
DIN No.:	06655761

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2014

Names of Shareholders	No. of Shares
Ravindra Kumar C. Agrawal	4000
Sandeep R. Agrawal	4000
Shweta S. Agrawal	2000
Dinesh Gupta	100
Rekha D. Gupta (HUF)	100
Dinesh Gupta	100
Pushpa Agrawal (HUF)	100

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 :	Trader and Importer of Dyes and Dyes Intermediates.
Products :	Dyes Dyes Intermediates
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :
Products :	Dyes and Dyes Intermediates
Countries :	China
Terms :
Selling :	Cash and Credit (30 Days)
Purchasing :	Cash, L/C and Credit (30 Days)

GENERAL INFORMATION

Suppliers :

Reference :	Chamex Limited
Name of the Person :	Mr. Gaurav Chaudhary (Director)
Contact No.:	91-9898011010
Since How Long Known :	1995
Maximum Limit Dealt :	Rs. 100.000 Million (Approximately) (Yearly)
Experience :	Excellent
Remark:	They gave us positive response about subject company they are satisfied with their payment behavior and market goodwill.

Customers :

Retailers and Manufacturer

Reference :	Pooja Dyechem Industries
Name of the Person :	Mr. Chirag Patel (Proprietor)
Contact No.:	91-9879787727
Since How Long Known :	10 Years
Maximum Limit Dealt :	Rs. 40.000 Million (Approximately) (Yearly)
Experience :	Good
Remark:	They gave us positive response about subject company they are satisfied with their product quality and delivery behavior.

No. of Employees :

6 (Approximately)

Bankers :

Bank Name	ICICI Bank Limited
Branch	JMC House Branch,
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)	Rs. 25.000 Million
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Financial Institution:	3i Infotech Trusteeship Services Limited, 3rd to 6th Floor, International Infotech Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai - 400703, Maharashtra, India
Auditors :
Name :	Ashok Dhariwal and Company Chartered Accountants
Address :	A-602 NARNARAYAN COMPLEX, NAVRANGPURA, AHMEDABAD-380009, Gujarat, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAJPD4310R
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

As on 30.09.2014

Authorized Capital:

No. of Shares	Type	Value	Amount
100,000	Equity Shares	Rs.10/- each	Rs. 1.000 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
10,500	Equity Shares	Rs.10/- each	Rs. 0.105 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2015 (Provisional)
SHAREHOLDERS FUNDS
1] Share Capital		0.105
2] Share Application Money		0.000
3] Reserves & Surplus		1.940
4] (Accumulated Losses)		0.000
NETWORTH		2.045
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		8.662
TOTAL BORROWING		8.662
DEFERRED TAX LIABILITIES		0.000
TOTAL		10.707
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.061
Capital work-in-progress		0.000
INVESTMENT		0.200
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	22.413
	Sundry Debtors	31.044
	Cash & Bank Balances	0.209
	Other Current Assets	0.030
	Loans & Advances	0.600
Total Current Assets		54.296
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	39.309
	Other Current Liabilities	4.430
	Provisions	0.111
Total Current Liabilities		43.850
Net Current Assets		10.446
MISCELLANEOUS EXPENSES		0.000
TOTAL		10.707

SOURCES OF FUNDS	31.03.2014
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.105
(b) Reserves & Surplus	0.116
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.221
(3) Non-Current Liabilities
(a) long-term borrowings	1.163
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	1.163
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	22.819
(c) Other current liabilities	0.107
(d) Short-term provisions	0.170
Total Current Liabilities (4)	23.096
TOTAL	24.480
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.029
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.010
(d) Long-term Loan and Advances	0.020
(e) Other Non-current assets	0.000
Total Non-Current Assets	0.059
(2) Current assets
(a) Current investments	0.000
(b) Inventories	5.445
(c) Trade receivables	17.921
(d) Cash and cash equivalents	1.055
(e) Short-term loans and advances	0.000
(f) Other current assets	0.000
Total Current Assets	24.421
TOTAL	24.480

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015 (Provisional)
	SALES
		Income	269.642
		Other Income	0.000
		TOTAL	269.642
Less	EXPENSES
		Cost of Goods Sold	228.571
		Claim	(0.052)
		Clearing Forwarding Charges	2.234
		Custom and Excise Duty	38.100
		Freight Expense	0.311
		Rate Deference Account	(6.536)
		Labor Charges	0.084
		Bank Charges	0.101
		Bonus Expenses	0.008
		Cartage Expenses	0.342
		Commission Expenses	0.009
		Connivance Expenses	0.258
		Discount Expenses	(0.001)
		Electricity Expenses	0.031
		Insurance Expenses	0.043
		Interest on Income Tax	0.004
		Interest Expenses	0.010
		Laboratory Expenses	0.018
		Legal Fees	0.013
		Office Expenses	0.031
		Postage and Telegram	0.025
		Rounding Off	0.000
		Salary Expenses	0.291
		Staff welfare	0.005
		Stationery and Printing	0.012
		Tea and Breakfast Expenses	0.189
		Telephone Expenses	0.034
		Travelling Expenses	0.348
		Vehicle Insurance	0.009
		Vehicle Maintenance	0.009
		Warehouse charges	0.306
		Bank Interest	0.201
		Computer and Printer Maintained	0.004
		Interest on TDS	0.000
		Loan Processing Fees	0.310
		Director Remuneration	1.560
		Interest on Unsecured Loan	0.936
		TOTAL	267.818
	NET PROFIT		1.824

	PARTICULARS		31.03.2014
	SALES
		Revenue	23.232
		Other Income	NA
		TOTAL	NA
	PROFIT BEFORE TAX		0.095
Less	TAX		0.029
	PROFIT AFTER TAX		0.066
	Earnings Per Share (Rs.)		6.29

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015 (Provisional)	31.03.2014
Current Maturities of Long term debt	NA	NA
Cash generated from operations	NA	NA

KEY RATIOS

PARTICULARS		31.03.2015 (Provisional)	31.03.2014
Net Profit Margin (PAT / Sales)	(%)	0.68	0.28
Return on Total Assets (PBT/Total Assets}	(%)	3.35	0.39
Return on Investment (ROI) (PBT/Networth)		0.89	0.43
Debt Equity Ratio (Total Debt /Networth)		4.23	5.26
Current Ratio (Current Asset/Current Liability)		1.24	1.06

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	Yes
5	Buyer visit details	No
6	Contact numbers	No
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	Yes
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	Yes
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 year	Yes
27	Reasons for variation <> 20%	Yes
28	Estimation for coming financial year	No
29	Profitability for last one year	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	No
33	Market information	No
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

OPERATIONS:

The company was incorporated on 2^nd September 2013. This is the first year of the company and during the period the company the company has earned revenue of Rs. 23.232 Million. The company has incurred a profit of Rs. 0.095 Million. After deducting therefore the taxation provision of Rs. 0.029 Million there is a profit of Rs. 0.066 Million

UNSECURED LOAN

Particular	31.03.2014 (Rs. in Million)
Long-term Borrowings
Loan from directors and their relatives	1.163
Total	1.163

INDEX OF CAHREGS:

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10511188	26/07/2014	25,000,000.00	3I INFOTECH TRUSTEESHIP SERVICES LIMITED	3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI - 400703, MAHARASHTRA, INDIA	C13736053

* 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.63.62
UK Pound	1	Rs.98.51
Euro	1	Rs.69.93

INFORMATION DETAILS

Information Gathered by :	KIN
Analysis Done by :	PRT
Report Prepared by :	MTN

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	NO
--AFFILIATION	YES/NO	YES
--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.