MIRA INFORM REPORT

Report No. :	324955
Report Date :	30.05.2015

IDENTIFICATION DETAILS

Name :	CHANDRA COAL PRIVATE LIMITED
Registered Office :	104/105, Honey Ritika Apartments, Shastri Nagar Road, Ambedkar Square, Nagpur – 440008, Maharashtra
Mob. No.:	91-9422146068 (Mr. Sanjay)
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	21.10.2005
Com. Reg. No.:	11-156954
Capital Investment / Paid-up Capital :	Rs. 9.289 Million
CIN No.: [Company Identification No.]	U10102MH2005PTC156954
IEC No.:	Not Available
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 of Coal.
No. of Employees :	7 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (30)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is established company and is it having moderate track record. Rating remain constrained on account of company’s moderate financial risk profile and small net worth base of the company. However, trade relation are fair. Business is active. Payments are reported to be slow but correct. In a view of leverage balance sheet profile, the company can be considered for the 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	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	CRISIL
Rating	Cash Credit = B
Rating Explanation	High Risk of Default
Date	February 2015

Note: Reason for withdraw not available.

RBI DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ 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. Sanjay
Designation :	Director
Contact No.:	91-9422146068
Date :	30.05.2015

LOCATIONS

Registered Office :	104/105, Honey Ritika Apartments, Shastri Nagar Road, Ambedkar Square, Nagpur – 440008, Maharashtra, India
Mobile No.:	91-9422146068 (Mr. Sanjay)
E-Mail :	cscoal@rediffmail.com

DIRECTORS

AS ON 30.09.2014

Name :

Sanjay Kailash Agawal

Designation :

Director

Address :

8 Vaibhav Behind NNBL, Ambedkar Square, C A Road, Nagpur – 440008, Maharashtra, India

Date of Birth/Age :

10.11.1972

Date of Appointment :

21.10.2006

DIN No.:

01875623

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	U10102MH2005PTC156954	CHANDRA COAL PRIVATE LIMITED	Director	21/10/2006	21/10/2006	-	Active	NO
2	U24100MH2011PTC218408	FLAMAR TECHCHEM PRIVATE LIMITED	Director	07/06/2011	07/06/2011	-	Active	NO

Name :

Shailendra Kailash Agawal

Designation :

Director

Address :

8 Vaibhav Behind NNBL, Ambedkar Square, C A Road, Nagpur – 440008, Maharashtra, India

Date of Birth/Age :

16.09.1971

Date of Appointment :

21.10.2006

DIN No.:

00766617

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	U10102MH2005PTC156954	CHANDRA COAL PRIVATE LIMITED	Director	21/10/2006	21/10/2006	-	Active	NO
2	U74990MH2010PTC209522	LEAF ENTERPRISES ( INDIA) PRIVATE LIMITED	Director	27/10/2010	27/10/2010	-	Active	NO
3	AAB-5071	TANGERINE FINANCIAL ADVISORS LLP	Designated Partner	09/05/2013	09/05/2013	-	Active	NO

Voter ID No.:

Name :

Kamal Kailash Agawal

Designation :

Director

Address :

8 Vaibhav Behind NNBL, Ambedkar Square, C A Road, Nagpur – 440008, Maharashtra, India

Date of Birth/Age :

03.08.1968

Date of Appointment :

21.10.2005

DIN No.:

00766627

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	U10102MH2005PTC156954	CHANDRA COAL PRIVATE LIMITED	Director	21/10/2005	21/10/2005	-	Active	NO
2	U74900MH2008PTC181287	RAHI INDIA PRIVATE LIMITED	Director	18/04/2008	18/04/2008	01/10/2009	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Sanjay Agrawal	20850
Shailendra Agrawal	30300
Kamal Agrawal	7300
Kajal Agrawal	1025
Kailash Agrwal	3545
Archana Agrawal	500
Keshardevi Agrawal	150
Dilip Agrawal	400
Anita Agrawal Shailendra Agrawal (Huf)	350
Prabhadevi Agrawal	165
Kavita Agrawal	13000
Sanjay Agrawal Huf	15000
Kamal Agrawal Huf	100
Kailash Agrawal Huf	100
Total	92885

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 of Coal.
Products :	Not Divulged
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

Not Divulged

Reference :	Uttam Galva
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Not Divulged

Reference :	Mahakali Sales Private Limited
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

7 (Approximately)

Bankers :

• ICICI Bank of India, Nagpur, Maharashtra, India
• State Bank of India, Amravati Road, Nagpur – 440033, Maharashtra, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
ICICI Bank Limited (Secured against hypothecation of motor car)	2.740	0.000
ICICI Bank Limited (Secured against hypothecation of motor car)	0.696	1.000
SHORT TERM BORROWING
State Bank of India Cash Credit	65.093	63.494
Total	68.529	64.494

Banking Relations :
Auditors :
Name :	R.A. Gupta and Associates Chartered Accountant
Address :	34, VCA Complex, C.K. Naidu Chowk, Civil Lines, Nagpur – 440001, Maharashtra,India
PAN No.:	ABEPG6191M
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.100/- each	Rs. 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
92885	Equity Shares	Rs.100/- each	Rs. 9.289 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	9.289	9.289	7.659
(b) Reserves & Surplus	24.936	23.861	13.050
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	1.630
Total Shareholders’ Funds (1) + (2)	34.225	33.150	22.339
(3) Non-Current Liabilities
(a) long-term borrowings	3.437	16.310	20.889
(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)	3.437	16.310	20.889
(4) Current Liabilities
(a) Short term borrowings	65.092	63.494	57.905
(b) Trade payables	47.397	90.605	54.138
(c) Other current liabilities	25.519	14.511	2.413
(d) Short-term provisions	1.523	1.480	1.216
Total Current Liabilities (4)	139.531	170.090	115.672
TOTAL	177.193	219.550	158.900
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	6.400	2.292	0.911
(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	0.150	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	6.550	2.292	0.911
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	42.925	20.783	4.138
(c) Trade receivables	78.654	171.811	119.872
(d) Cash and cash equivalents	4.028	4.298	2.292
(e) Short-term loans and advances	38.799	14.810	28.518
(f) Other current assets	6.237	5.556	3.169
Total Current Assets	170.643	217.258	157.989
TOTAL	177.193	219.550	158.900

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	386.622	458.179	424.741
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT BEFORE TAX		NA	NA	NA
Less	TAX		NA	NA	NA
	PROFIT AFTER TAX		3.394	4.790	2.721
	Earnings Per Share (Rs.)		36.53	51.56	29.30

Expected Sales (2014-15): Rs. 600.000 Million

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

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
Debt Equity Ratio (Total Debt /Networth)	2.00	2.41	3.53
Current Ratio (Current Asset/Current Liability)	1.22	1.28	1.37

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	7.659	9.289	9.289
Reserves & Surplus	13.050	23.861	24.936
Share Application money pending allotment	1.630	0.000	0.000
Net worth	22.339	33.150	34.225
long-term borrowings	20.889	16.310	3.437
Short term borrowings	57.905	63.494	65.092
Current Maturities of Long Term Debt	0.000	0.000	0.000
Total borrowings	78.794	79.804	68.529
Debt/Equity ratio	3.527	2.407	2.002

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)
Sales	424.741	458.179	386.622
		7.873	(15.618)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	424.741	458.179	386.622
Profit	2.721	4.790	3.394
	0.64%	1.05%	0.88%

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)	No
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	Yes
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	Yes
32	Litigations that the firm/promoter involved in	----
33	Market information	----
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from 8, Vaibhav, Behind Nagpur Nagrik Sahakari Bank, Ambedkar Square, C.A. Road, Nagpur – 440008, Maharashtra, India to the present address w.e.f. 01.01.2010

UNSECURED LOAN

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
From others	0.000	15.310
Total	0.000	15.310

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10127509	30/01/2014 *	80,500,000.00	STATE BANK OF INDIA	SME BRANCH, OPP AGRASEN CHATRAVAS, AMRAVATI ROAD,  NAGPUR, Maharashtra - 440033, INDIA	B96977392

* Date of charge modification

FIXED ASSETS

• Computer
• Air Conditioner
• Furniture and Fixture
• Fax Machine
• Car
• Tea Coffee Machine
• Camera
• Inverter

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. 63.76
UK Pound	1	Rs. 97.80
Euro	1	Rs. 69.91

INFORMATION DETAILS

Information Gathered by :	MNJ
Analysis Done by :	KAS
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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.