MIRA INFORM REPORT

Report No. :	324356
Report Date :	28.05.2015

IDENTIFICATION DETAILS

Name :		SAMYAK METALS PRIVATE LIMITED
Registered Office :		441 – B, 2^nd Floor, Katra Nabi Bux, Sadar Bazar, Delhi - 110006
Mobile No.:	91-9871285533 (Mr. Ankit Jain)
Country :		India
Financials (as on) :		31.03.2013
Date of Incorporation :		03.07.2000
Com. Reg. No.:		55-106569
Capital Investment / Paid-up Capital :		Rs. 9.430 Million
CIN No.: [Company Identification No.]		U72900DL2000PTC106569
IEC No.:		0504016890
TAN No.: [Tax Deduction & Collection Account No.]		DELS22391F
PAN No.: [Permanent Account No.]		AAHCS8928H
Legal Form :		Private Limited Liability Company
Line of Business :		Manufacturer and Supplier of Aluminum Alloy Ingots etc.,
No. of Employees :		18 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Maximum Credit Limit :	USD 158000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 2000 and having satisfactory track record. Subject is engaged into manufacturing and supplying of aluminum alloys ingots. As per registrar of company the data of the balance sheet (i.e. financial filed) is shown as on 31.03.2014 but the documents related to the financial are not available from any source. Mr. Ankit Jai, Director of the company has provide the information to us and claimed company has attain Rs. 98 crore sale turnover but it has not been verified. As per previous financial record of 2013, the company has achieve Rs. 83.42 Cr sale turnover reported topline growth of 13.78% backed by its debt to equity at 1.18 times. Rating also takes into account of company established track record of business operations supported by considerable industry experience of its promoters. Trade relations are fair. Business is active and payment are reported to be slow but correct. In a view of sound operational base, the company can be considered for business dealing with its 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 – 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

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. Ankit Jain
Designation :	Director
Contact No.:	91-9871285533
Date :	25.5.2015

LOCATIONS

Registered Office :	441 – B, 2^nd Floor, Katra Nabi Bux, Sadar Bazar, Delhi – 110006, India
Tel. No.:	Not Available
Mobile No.:	91-9871285533 (Mr. Ankit Jain)
Fax No.:	Not Available
E-Mail :	Samyakmetals@gmail.com
Location :	Owned
Factory :	Plot No 719, Pace City – 2, Sector – 37, Gurgaon - 122001, Haryana, India

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Ravi Kumar Jain

Designation :

Director

Address :

3, Raj Narayan Road, Civil Lines, New Delhi – 110007, India

Date of Birth/Age :

01.02.1955

Date of Appointment :

03.07.2000

PAN No.:

AAFPJ9598R

DIN No.:

00181119

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	Company/ LLP Status	Defaulting status
1	U72900DL2000PTC106569	SAMYAK METALS PRIVATE LIMITED	Director	03/07/2000	03/07/2000	Active	NO
2	U72900DL2004PTC125308	INTELLECT BPO SERVICES PRIVATE LIMITED	Director	10/05/2011	10/03/2011	Active	NO

Name :

Mr. Ankur Jain

Designation :

Director

Address :

3, Raj Narayan Road, Civil Lines, New Delhi – 110007, India

Date of Birth/Age :

14.03.1980

Date of Appointment :

22.01.2004

PAN No.:

AAOPJ0186A

DIN No.:

00181153

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	Company/ LLP Status	Defaulting status
1	U72900DL2000PTC106569	SAMYAK METALS PRIVATE LIMITED	Director	22/01/2004	22/01/2004	Active	NO
2	U72900DL2004PTC125308	INTELLECT BPO SERVICES PRIVATE LIMITED	Director	10/05/2011	21/04/2011	Active	NO

Name :

Mr. Ankit Jain

Designation :

Director

Address :

3, Raj Narayan Road, Civil Lines, New Delhi – 110007, India

Date of Birth/Age :

17.01.1983

Date of Appointment :

22.01.2004

PAN No.:

ADUPJ3927C

DIN No.:

01069315

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	Company/ LLP Status	Defaulting status
1	U72900DL2000PTC106569	SAMYAK METALS PRIVATE LIMITED	Director	22/01/2004	22/01/2004	Active	NO
2	U72900DL2004PTC125308	INTELLECT BPO SERVICES PRIVATE LIMITED	Director	01/04/2014	01/04/2014	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Ravi Kumar Jain	856126
Ankur Jain	55400
Vimla Devi Jain	130100
D. C. Jain HUF	130100
Purnima Jain	120100
R. K. Jian HUF	30100
Ankit Jain	58000
Anubhav Jain	104037
E – Webcity Privatr Limited	55000
Control Electronics Limited	10
Mahavir Coals Co.	10
Savijit Estate and Holding Limited	10
Excel Infotech Limited	118000
Anjor Agro Private Limited	100000
Total	1756993

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	90.00
Others	10.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Supplier of Aluminum Alloy Ingots etc.,
Products/ Services :	· Refined lead ingot · Alloy steel ingots · Polysilicon ingot · Aluminum ingots · Rolling ingot · Ingot mold
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :
Products :	Raw Materials
Countries :	· UAE · USA · Europe
Terms :
Selling :	Advance Payment
Purchasing :	Cash and Credit

PRODUCTION STATUS (AS ON 31.03.2014)

Licensed Capacity	8400 Tonnes
Installed Capacity	8400 Tonnes
Actual Production	6365 Tonnes

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Wholesalers and Manufacturer

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

18 (Approximately)

Bankers :

Bank Name:	Kotak Mahindra Bank Limited
Branch:	1893, Opposite Daribakalan, Chandni Chowk,, Delhi - 110006, 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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Million)	31.03.2012 (Rs. In Million)
LONG-TERM BORROWINGS
Term Loans
From Banks	36.084	8.091
Total	36.084	8.091

Banking Relations :	--
Auditors :
Name :	Bansal Neeraj and Associates Chartered Accountants
Address:	84, Model Basti, East Park Raod, Karol Bagh, New Delhi – 110005, India
Income-tax PAN of auditor or auditor's firm :	AAFFB0489D
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
2,404,000	Equity Shares	Rs. 10/- each	Rs. 24.040 Million
96,000	Preference Share	Rs. 10/- each	Rs. 0.960 Million
	Total		Rs. 25.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1,660,993	Equity Shares	Rs. 10/- each	Rs. 16.610 Million
96,000	Preference Share	Rs. 10/- each	Rs. 0.960 Million
	Total		Rs. 17.570 Million

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
15,00,000	Equity Shares	Rs. 10/- each	Rs. 15.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8,47,030	Equity Shares	Rs. 10/- each	Rs. 8.470 Million
96,000	Preference Share	Rs. 10/- each	Rs. 0.960 Million
	Total		Rs. 9.430 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	9.430	9.430	8.430
(b) Reserves & Surplus	45.751	45.183	35.371
(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)	55.181	54.613	43.801
(3) Non-Current Liabilities
(a) Long-term borrowings	65.474	43.481	28.974
(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)	65.474	43.481	28.974
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	65.422	55.965	0.000
(c) Other current liabilities	0.832	21.147	44.058
(d) Short-term provisions	0.005	0.000	1.374
Total Current Liabilities (4)	66.259	77.112	45.432
TOTAL	186.914	175.206	118.207
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	5.143	6.097	4.240
(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)	0.204	0.094	0.000
(d) Long-term Loan and Advances	0.133	0.049	0.358
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	5.480	6.240	4.598
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	36.107	32.884	26.883
(c) Trade receivables	140.861	130.199	79.015
(d) Cash and cash equivalents	1.194	2.446	0.024
(e) Short-term loans and advances	3.272	3.437	7.687
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	181.434	168.966	113.609
TOTAL	186.914	175.206	118.207

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from Operations	834.261	733.161	487.528
		Other Income	0.487	0.000	0.068
		TOTAL (A)	834.748	733.161	487.596
Less	EXPENSES
		Cost of Materials Consumed	813.110	711.789	475.678
		Employees benefits expense	2.639	2.592	2.602
		Other expenses	9.281	11.511	4.091
		TOTAL (B)	825.030	725.892	482.371
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		9.718	7.269	5.225
Less	FINANCIAL EXPENSES (D)		7.519	5.093	3.356
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2.199	2.176	1.869
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1.308	0.962	0.875
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		0.891	1.214	0.994
Less	TAX (H)		0.323	0.402	0.306
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		0.568	0.812	0.688
	Earnings Per Share (Rs.)		0.60	0.86	0.73

PARTICULARS	31.03.2015	31.03.2014
Sales Turnover (Approximately)	1260.000	980.000

The above information has been parted by Mr. Ankit Jain (Director).

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2013	31.03.2012	31.03.2011
Current Maturities of Long term debt	0.000	0.000	NA
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT/Sales)	(%)	0.07	0.11	0.14
Operating Profit Margin (PBDIT/Sales)	(%)	1.16	0.99	1.07
Return on Total Assets (PBT/Total Assets}	(%)	0.48	0.69	0.84
Return on Investment (ROI) (PBT/Networth)		0.02	0.02	0.02
Debt Equity Ratio (Total Debt/Networth)		1.19	0.80	0.66
Current Ratio (Current Asset/Current Liability)		2.74	2.19	2.50

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	8.430	9.430	9.430
Reserves & Surplus	35.371	45.183	45.751
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	43.801	54.613	55.181
Long-term borrowings	28.974	43.481	65.474
Short term borrowings	0.000	0.000	0.000
Total borrowings	28.974	43.481	65.474
Debt/Equity ratio	0.661	0.796	1.187

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)
Turnover	487.528	733.161	834.261
		50.383	13.790

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Turnover	487.528	733.161	834.261
Profit	0.688	0.812	0.568
	0.14%	0.11%	0.07%

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	--
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	Yes
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	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	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

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10139545	07/03/2014 *	103,000,000.00	ING VYSYA BANK LIMITED	1893, OPP. DARIBAKALAN, CHANDNI CHOWK, DELHI - 110006, INDIA	C06513592

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2013 (Rs. In Million)	31.03.2012 (Rs. In Million)
Term Loans
From Other Parties	29.390	35.390
Total	29.390	35.390

CHANGE OF ADDRESS:

The Registered Office of the Company has been shifted from 3, Raj Narain Roadcivil Lines, Delhi – 110054, India to the present address w.e.f. 19.03.2007.

BACKGROUND

The company was incorporated on 01^st day of February, 2004 to deal in the manufacturing of Non Ferrous thought its facility located in Gurgaon, India.

FIXED ASSETS:

·

· Plant and Machinery

· Computer

· Motor Vehicle

· Furniture and Fixtures

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. 63.95
UK Pound	1	Rs. 98.64
Euro	1	Rs. 69.86

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	KAS
Report Prepared by :	ARC

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	4
--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	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		44

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.