MIRA INFORM REPORT

Report No. :	348670
Report Date :	05.11.2015

IDENTIFICATION DETAILS

Name :	KARVY COMTRADE LIMITED

Formerly Known As :	CARVY COMMODITIES BROKING PRIVATE LIMITED

Registered Office :	46, Avenue 4, Street No.1, Banjara Hills, Hyderabad - 500034, Telangana
Tel. No.:	91-40-23312454/66255559//23312454 91-44-45900919

Country :	India

Financials (as on) :	31.03.2015

Date of Incorporation :	20.11.2003

Com. Reg. No.:	36-042096

Capital Investment / Paid-up Capital :	Rs. 9.600 Million

CIN No.: [Company Identification No.]	U51909TG2003PLC042096

IEC No.:	Not Available

TAN No.: [Tax Deduction and Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	Not Available

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Subject is engaged in the Business of Commodity Broking.

No. of Employees :	Information declined by Management.

RATING and COMMENTS

MIRA’s Rating :

Ba (52)

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

Status :	Satisfactory

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject is a part of diversified financial services Group Karvy. Its offerings include commodities trading into futures and forward market, giving hedging solutions and arbitrage strategies. For the year 2015, the company has recorded decline on its revenue and profit margin as compared to last year, however it has achieved decent revenue marked by satisfactory profitability margin. The company possesses sound net worth base marked by low borrowings and decent cash accruals. The ratings also take into consideration the long standing experience of the promoters. Trade relations are fair. Business is active. Payments are slow but correct. The company can be considered for business dealings at 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

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 31-03-2015.

INFORMATION DENIED

MANAGEMENT NON-CO-OPERATIVE

91-44-45900919

91-40-23312454

LOCATIONS

Registered Office :	46, Avenue 4, Street No.1, Banjara Hills, Hyderabad - 500034, Telangana, India
Tel. No.:	91-40-23312454/66255559//23312454 91-44-45900919
Mobile No.:	Not Available
Fax No.:	Not Available
E-Mail :	compsec@karvy.com
Website :	www.carvy.com www.carvycomtrade.com

DIRECTORS

AS ON 17.08.2015

Name :

Mr. Yugandhar Meka

Designation :

Director

Address :

Plot No 22, Nandagiri Hills, Road No 69, Jubilee Hills, Hyderabad - 500033, Telangana, India

Date of Birth/Age :

10.07.1951

Date of Appointment :

20.11.2003

DIN No.:

00012265

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	U74140TG1981PLC003122	KARVY CONSULTANTS LIMITED	Managing director	01/04/2011	23/07/1981	-	Active	NO
2	U74140MH1980PLC023592	NOVA CONSULTANTS LIMITED	Director	27/09/1990	27/09/1990	-	Active	NO
3	U67120TG1995PLC019877	KARVY STOCK BROKING LIMITED	Director	30/03/1995	30/03/1995	-	Active	NO
4	U67120TG1997PLC026253	KARVY INVESTOR SERVICES LIMITED	Director	24/01/1997	24/01/1997	-	Active	NO
5	L14102TG1991PLC013299	POKARNA LIMITED	Director	15/09/2014	29/03/2002	-	Active	NO
6	U85110TN1998PTC093106	RAVINDRANATH GE MEDICAL ASSOCIATES PRIVATE LIMITED	Director	22/07/2002	22/07/2002	26/03/2013	Active	NO
7	U51909TG2003PLC042096	KARVY COMTRADE LIMITED	Director	20/11/2003	20/11/2003	-	Active	NO
8	U72400TG2003PTC041636	KARVY COMPUTERSHARE PRIVATE LIMITED	Managing director	16/02/2015	29/01/2004	-	Active	NO
9	U67110TG2003PLC041680	KARVY INVESTMENT ADVISORY SERVICES LIMITED	Director	30/11/2004	30/11/2004	-	Active	NO
10	U64203AP1989PLC009561	ICOMM TELE LIMITED	Director	09/12/2004	09/12/2004	15/06/2009	Active	NO
11	U65993TG2000PLC035437	KARVY GLOBAL SERVICES LIMITED	Director	31/12/2004	31/12/2004	-	Active	NO
12	U67190MH2001PLC227379	KARVY FINANCIAL SERVICES LIMITED	Director	22/03/2005	22/03/2005	-	Active	NO
13	U55101DL2005PLC135739	GLOBAL HOSPITAL (NORTH) LIMITED	Director	03/05/2005	03/05/2005	28/03/2013	Active	NO
14	L72200TG1997PLC045396	SANKHYA INFOTECH LIMITED	Director	28/01/2006	28/01/2006	30/10/2008	Active	NO
15	U85110AP1998PTC029914	RAINBOW CHILDREN'S MEDICARE PRIVATE LIMITED	Director	28/12/2007	28/12/2007	-	Active	NO
16	U17219TG2001PLC036015	POKARNA ENGINEERED STONE LIMITED	Director	15/09/2014	29/03/2011	-	Active	NO
17	U65993TG2011PLC077813	Karvy Holdings Limited	Director	05/12/2011	05/12/2011	28/03/2013	Active	NO
18	U74200TG2005PTC045802	EESAVYASA TECHNOLOGIES PRIVATE LIMITED	Additional director	05/12/2013	05/12/2013	17/06/2014	Active	NO

Name :

Mr. Siva Ramakrishna Mulpuri

Designation :

Director

Address :

8-2-309/1 To 8, F.No. F-3, Trendset Vantage,, Road No. 14, Banjara Hills, Hyderabad - 500034, Telangana, India

Date of Birth/Age :

02.01.1953

Date of Appointment :

20.11.2003

DIN No.:

00021606

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	U74140TG1981PLC003122	KARVY CONSULTANTS LIMITED	Director	23/11/1981	23/11/1981	-	Active	NO
2	U67120TG1995PLC019877	KARVY STOCK BROKING LIMITED	Whole-time director	01/04/2013	30/03/1995	24/09/2014	Active	NO
3	U67120TG1997PLC026253	KARVY INVESTOR SERVICES LIMITED	Director	12/01/2000	12/01/2000	-	Active	NO
4	L26942AP1936PLC002379	ANDHRA CEMENTS LIMITED	Director	29/07/2003	29/07/2003	17/11/2010	Active	NO
5	U51909TG2003PLC042096	KARVY COMTRADE LIMITED	Director	20/11/2003	20/11/2003	-	Active	NO
6	U72400TG2003PTC041636	KARVY COMPUTERSHARE PRIVATE LIMITED	Director	29/01/2004	29/01/2004	09/03/2015	Active	NO
7	U72200MH2003PTC189959	CKAR SYSTEMS PRIVATE LIMITED	Director	25/09/2004	25/09/2004	-	Amalgamated	NO
8	U23200MH1996PTC096730	VIZ INFRA CONSULTANTS PRIVATE LIMITED	Director	30/09/2013	03/11/2004	-	Active	NO
9	U67110TG2003PLC041680	KARVY INVESTMENT ADVISORY SERVICES LIMITED	Director	30/11/2004	30/11/2004	-	Active	NO
10	U65993TG2000PLC035437	KARVY GLOBAL SERVICES LIMITED	Director	31/12/2004	31/12/2004	-	Active	NO
11	U67190MH2001PLC227379	KARVY FINANCIAL SERVICES LIMITED	Director	22/03/2005	22/03/2005	16/09/2014	Active	NO
12	U45201DL2005PTC142310	HIGHTEC PROPCON PRIVATE LIMITED	Director	07/11/2005	07/11/2005	28/02/2007	Active	NO
13	U74899DL2005PTC143357	ECO PROPCON PRIVATE LIMITED	Director	06/12/2005	06/12/2005	25/03/2009	Active	NO
14	U40108DL2003PTC120409	ATHENA INFRAPROJECTS PRIVATE LIMITED	Director	30/09/2010	31/12/2005	-	Active	NO
15	U40101DL2005PLC141611	COUNTRYWIDE POWER TRANSMISSION LIMITED	Director	15/12/2006	06/01/2006	25/03/2015	Active	NO
16	U45201DL2005PTC141799	BISWAS BUILDCON PRIVATE LIMITED	Director	28/09/2006	16/06/2006	27/03/2009	Active	NO
17	U74140DL2004PTC128120	ATHENA PROJECTS PRIVATE LIMITED	Director	30/09/2006	01/09/2006	-	Active	NO
18	L40109TG1986PLC006745	HBL POWER SYSTEMS LIMITED	Director	30/10/2006	30/10/2006	29/05/2010	Active	NO
19	U45201DL2005PTC143358	BACKBONE PROPERTIES PVT LTD	Director	29/09/2007	05/02/2007	05/09/2008	Active	NO
20	U74899DL2005PTC142308	CONCORD REALTOR PVT LTD	Director	15/02/2007	15/02/2007	26/03/2009	Active	NO
21	U45201DL2006PTC144633	BRUMA PROPERTIES PRIVATE LIMITED	Director	29/09/2007	01/03/2007	24/02/2009	Active	NO
22	U40101HP2007PTC030686	MUTHE POWER PRIVATE LIMITED	Director	21/09/2007	14/04/2007	-	Active	NO
23	U23209AP1994PTC017623	EAST INDIA PETROLEUM Private LIMITED	Director	22/12/2007	30/09/2007	-	Active	NO
24	U45200DL2008PTC174526	AMUNRA PROPERTIES PRIVATE LIMITED	Director	26/02/2008	26/02/2008	23/03/2009	Active	NO
25	U31908AP2007PLC058993	ATHENA CHHATTISGARH POWER LIMITED	Director	27/06/2008	15/04/2008	28/12/2008	Active	NO
26	U74210DL2007PTC160401	ATHENA ENERGY VENTURES PRIVATE LIMITED	Director	23/06/2008	23/06/2008	-	Active	NO
27	U40109DL2008PTC173228	ATHENA KYNSHI POWER PRIVATE LIMITED	Director	25/09/2008	23/06/2008	14/03/2009	Active	NO
28	U40109DL2008PTC174203	ATHENA EMRA POWER PRIVATE LIMITED	Director	25/09/2008	23/06/2008	14/03/2009	Active	NO
29	U40105DL2007PLC166628	ATHENA DEMWE POWER LIMITED	Nominee director	28/06/2013	23/06/2008	-	Active	NO
30	U40100HP2005PTC028666	HIMSHAKTI PROJECTS PRIVATE LIMITED	Nominee director	01/09/2008	01/09/2008	-	Active	NO
31	U40101HP2001PTC024547	SAINJ HYDRO POWER PRIVATE LIMITED	Director	30/09/2009	21/02/2009	-	Active	NO
32	U40105TG2007PTC058753	EAST COAST ENERGY PRIVATE LIMITED	Director	01/06/2009	23/02/2009	30/12/2014	Active	NO
33	U72900MH1999PTC120346	MModal Global Services Private Limited	Director	28/09/2012	01/06/2009	18/12/2012	Active	NO
34	U74120DL2008PTC176264	AMUNRA HOLIDAYS and RESORTS PRIVATE LIMITED	Director	28/09/2010	02/09/2009	09/11/2011	Active	NO
35	U70100DL2009PTC212387	CHIRON INFRATECH PRIVATE LIMITED	Director	23/12/2010	02/12/2009	-	Active	NO
36	U45400TG2009PTC062776	KARVY INFRASTRUCTURE RESOURCES PRIVATE LIMITED	Director	09/12/2009	09/12/2009	-	Active	NO
37	U72200TG2006PTC077463	CBay Infotech Ventures Private Limited	Director	30/09/2010	30/06/2010	-	Active	NO
38	U74920TG2009PTC065653	ATHENA SECURITY SOLUTIONS INDIA PRIVATE LIMITED	Director	28/06/2011	28/06/2011	06/06/2012	Active	NO
39	U65993TG2011PLC077813	Karvy Holdings Limited	Director	05/12/2011	05/12/2011	26/03/2013	Active	NO
40	U40300DL2009PTC188690	APPL POWER PRIVATE LIMITED	Director	26/09/2012	06/12/2011	-	Active	NO
41	U29242TG2010PTC070585	AVD ENGINEERING PRIVATE LIMITED	Director	01/03/2012	01/03/2012	18/02/2013	Active	NO
42	U74120DL2010PTC205341	KOLAB INFRAPROJECTS PRIVATE LIMITED	Director	26/09/2012	07/04/2012	25/03/2015	Active	NO
43	U74999DL2012PTC236651	SATLUJ INFRAPROJECTS PRIVATE LIMITED	Director	29/05/2012	29/05/2012	25/03/2015	Active	NO
44	U40102TG2013PTC090594	AMBARI POWER PROJECTS PRIVATE LIMITED	Director	18/10/2013	18/10/2013	27/10/2014	Active	NO
45	U45209TG2013PTC091038	AUGUTUS INFRA PROJECTS PRIVATE LIMITED	Director	14/11/2013	14/11/2013	27/10/2014	Active	NO

Name :

Mr. Comandur Parthasarathy

Designation :

Director

Address :

D No 8-2-293/82/A/648, Plot No 648, Road No 34, Jubilee Hills, Hyderabad - 500034, Telangana, India

Date of Birth/Age :

07.07.1955

Date of Appointment :

20.11.2003

DIN No.:

00079232

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	U74140TG1981PLC003122	KARVY CONSULTANTS LIMITED	Director	23/07/1981	23/07/1981	-	Active	NO
2	U74140MH1980PLC023592	NOVA CONSULTANTS LIMITED	Director	24/12/1988	24/12/1988	-	Active	NO
3	U67120TG1995PLC019877	KARVY STOCK BROKING LIMITED	Managing director	04/06/2014	26/05/1995	-	Active	NO
4	U05005TG1995PLC021217	OCEAN SPARKLE LIMITED	Director	30/09/2008	30/09/1997	-	Active	NO
5	U67120TG1997PLC026253	KARVY INVESTOR SERVICES LIMITED	Director	01/04/1998	01/04/1998	-	Active	NO
6	U24239TG2003PTC040924	EPR PHARMACEUTICALS PRIVATE LIMITED	Director	30/04/2003	30/04/2003	21/09/2011	Active	NO
7	U51909TG2003PLC042096	KARVY COMTRADE LIMITED	Director	20/11/2003	20/11/2003	-	Active	NO
8	U72400TG2003PTC041636	KARVY COMPUTERSHARE PRIVATE LIMITED	Managing director	16/02/2015	29/01/2004	-	Active	NO
9	U55101TG2004PTC043114	KONA'S FOODCOURT ON THE ROCKS PRIVATE LIMITED	Director	22/04/2004	22/04/2004	17/11/2007	Active	NO
10	U67110TG2003PLC041680	KARVY INVESTMENT ADVISORY SERVICES LIMITED	Director	30/11/2004	30/11/2004	-	Active	NO
11	U65993TG2000PLC035437	KARVY GLOBAL SERVICES LIMITED	Director	31/12/2004	31/12/2004	-	Active	NO
12	U40108DL2003PTC120409	ATHENA INFRAPROJECTS PRIVATE LIMITED	Director	29/09/2007	22/09/2006	05/01/2015	Active	NO
13	L27109AP1975PLC001919	PENNAR INDUSTRIES LIMITED	Director	19/08/2009	30/10/2008	29/01/2015	Active	NO
14	U74999TG2004PLC043292	SRISAIRAM PROJECTS LIMITED	Director	05/12/2008	05/12/2008	18/01/2013	Active	NO
15	U45400TG2009PTC062776	KARVY INFRASTRUCTURE RESOURCES PRIVATE LIMITED	Director	13/02/2009	13/02/2009	-	Active	NO
16	L24110TG1991PLC012471	GRANULES INDIA LIMITED	Director	28/08/2014	27/05/2009	-	Active	NO
17	U91110MH2009NPL193505	Financial Intermediaries Association of India	Director	23/06/2009	23/06/2009	29/09/2014	Active	NO
18	U72300TG2008PLC058738	KARVY DATA MANAGEMENT SERVICES LIMITED	Director	30/09/2009	20/07/2009	-	Active	NO
19	U74940TG2007PTC056698	MULTIDIMENSION ENTERTAINMENTS PRIVATE LIMITED	Director	08/09/2011	05/10/2010	-	Active	NO
20	U80221TG2011PTC072305	TMI e2E Academy Private Limited	Director	02/02/2011	02/02/2011	-	Active	NO
21	U65993TG2011PLC077813	Karvy Holdings Limited	Director	05/12/2011	05/12/2011	01/03/2013	Active	NO
22	U74210DL2007PTC160401	ATHENA ENERGY VENTURES PRIVATE LIMITED	Director	27/09/2012	30/03/2012	07/01/2015	Active	NO
23	U74140TG1996PTC022922	FORDE CONSULTANTS PRIVATE LIMITED	Director	30/08/2013	25/02/2013	08/10/2013	Active	NO
24	U74140TG2001PTC036741	FORDE SEARCH (I) PRIVATE LIMITED	Director	30/08/2013	25/02/2013	08/10/2013	Active	NO
25	U45400AP2008PLC057182	PENNAR ENGINEERED BUILDING SYSTEMS LIMITED	Director	30/07/2013	21/03/2013	04/12/2014	Active	NO

Name :

Mr. Rajat Parthasarathy

Designation :

Director

Address :

D No.8-2-293/82/A/648, Plot No. 648, Road No. 34, Jubilee Hills, Hyderabad - 500034, Telangana, India

Date of Birth/Age :

16.09.1984

Date of Appointment :

12.06.2013

DIN No.:

01060455

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	U74140TG1996PTC022922	FORDE CONSULTANTS PRIVATE LIMITED	Director	29/06/2007	26/03/2007	22/11/2012	Active	NO
2	U74140TG2001PTC036741	FORDE SEARCH (I) PRIVATE LIMITED	Director	29/06/2007	29/06/2007	22/11/2012	Active	NO
3	U65993TG1981PTC002964	COMPAR ESTATES AND AGENCIES PRIVATE LIMITED	Director	27/09/2007	27/09/2007	-	Active	NO
4	U72300TG2008PLC058738	KARVY DATA MANAGEMENT SERVICES LIMITED	Whole-time director	01/04/2015	11/11/2008	-	Active	NO
5	U74940TG2007PTC056698	MULTIDIMENSION ENTERTAINMENTS PRIVATE LIMITED	Director	30/09/2010	28/09/2009	-	Active	NO
6	U50200TG2007PTC056688	Contours Motors and Dealers Private Limited	Director	24/09/2010	20/10/2009	09/11/2012	Active	NO
7	U70200TG1994PTC017994	Adhirajat Commercial Enterprises Private Limited	Director	01/05/2010	01/05/2010	-	Active	NO
8	U67120RJ1994PTC008089	PROGRESSIVE CAPITAL SERVICES PRIVATE LIMITED	Director	29/09/2012	16/09/2011	-	Active	NO
9	U72900TG2011PLC077244	KARVY INSURANCE REPOSITORY LIMITED	Director	03/11/2011	03/11/2011	-	Active	NO
10	U74900TG2001PTC037963	MULTIDIMENSION WARANGAL MULTIPLEX PRIVATE LIMITED	Director	26/09/2012	17/11/2011	-	Active	NO
11	U15500TG2012PTC080464	MULTIDIMENSION BREWERIES and DISTILLERIES PRIVATE LIMITED	Director	23/04/2012	23/04/2012	-	Active	NO
12	U74999WB2010PTC152486	ODISHA DISTELLERIES PRIVATE LIMITED	Additional director	02/07/2012	02/07/2012	-	Under Process of Striking off	NO
13	U51909TG2003PLC042096	KARVY COMTRADE LIMITED	Director	12/06/2013	01/08/2012	-	Active	NO
14	U74900TG2015PLC097413	KARVY SOLAR POWER LIMITED	Director	28/01/2015	28/01/2015	-	Active	NO

Name :

Mr. Sushil Kumar Sinha

Designation :

Whole-Time Director

Address :

Flat No. 301, Balaji Apts, H. No. 6-3-609/16, Anand Nagar Colony, Khaitabad, Hyderabad - 500034, Telangana, India

Date of Appointment :

01.07.2015

DIN No.:

03488028

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	U65910TN2008PTC068762	KARVY FOREX and CURRENCIES PRIVATE LIMITED	Director	17/08/2011	10/03/2011	-	Active	NO
2	U51909TG2003PLC042096	KARVY COMTRADE LIMITED	Whole-time director	01/07/2015	01/08/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 19.05.2014

Names of Shareholders		No. of Shares
Karvy Stock Broking Limited		959994
Mr. Comandur Parthasarathy		1
Mr. Yugandhar Meka		1
Mr. Siva Ramakrishna Mulpuri		1
Mr. Adhiraj Parthasarathy		1
Mr. J. Ramaswamy		1
Mr. Rajat Parthasarathy		1
Total		960000

Equity Share Break up (Percentage of Total Equity)

AS ON 19.05.2014

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the Business of Commodity Broking.

Products :

Item Code No.	Product Description
5110	Commodities Broking Service

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Not Available

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 :

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 :

Information declined by Management.

Bankers :

Bank Name	Indusind Bank Limited
Branch	100, Laxmi, Sardar Patel Road, Secunderabad, Telangana - 500003, India
Person Name (With Designation)	Not Available
Contact Number	Not Available
Name of Account Holder	Not Available
Account Number	Not Available
Account Since (Date/Year of Account Opening)	Not Available
Average Balance Maintained (If Possible)	Not Available
Credit Facilities Enjoyed (If any)	Not Available
Account Operation	Not Available
Remarks (If any)	Not Available

Facilities :

Secured Loan	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Short-term borrowings
Cash credit form Bank	64.244	55.592
Total	64.244	55.592

NOTE :

SHORT TERM BORROWING:

Cash credit from bank carry interest rate ranging between 10% to 13% p.a. and is repayable on demand. There are secured by hypothecation of receivables of the company and corporate guarantee from the holding company.

Auditors :
Name :	B S R R and Company Chartered Accountants
Address :	Reliance Humsafar, IV Floor, Road No. 11, Banjara Hills, Hyderabad – 500034, Telangana, India
PAN No. of Auditors Firm:	AAKFB1884H

Memberships :	Not Divulged

Collaborators :	Not Divulged

Holding Company :	Karvy Stock Broking Limited

Fellow Subsidiaries :	Karvy Investor Services Limited Karvy Financial Services limited Karvy Consultants Limited Karvy Data Management Services Limited Karvy Capital Limited

Enterprises where Key Managerial Personnel exercise significant influence:	Karvy Consultants Limited

CAPITAL STRUCTURE

AS ON 17.08.2015

Authorised Capital :

No. of Shares	Type	Value	Amount

4,000,000	Equity Shares	Rs.10/- each	Rs. 40.000 Million

Issued, Subscribed and Paid-up Capital :

No. of Shares	Type	Value	Amount

960,000	Equity Shares	Rs.10/- each	Rs. 9.600 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	9.600	9.600	9.600
(b) Reserves and Surplus	450.783	446.946	432.140
(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)	460.383	456.546	441.740

(3) Non-Current Liabilities
(a) long-term borrowings	147.500	225.000	225.000
(b) Deferred tax liabilities (Net)	0.000	0.771	0.599
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.179	2.287	0.855
Total Non-current Liabilities (3)	147.679	228.058	226.454

(4) Current Liabilities
(a) Short term borrowings	64.244	55.592	46.060
(b) Trade payables	812.014	934.777	862.664
(c) Other current liabilities	34.178	80.930	40.767
(d) Short-term provisions	3.419	4.955	5.115
Total Current Liabilities (4)	913.855	1076.254	954.606

TOTAL	1521.917	1760.858	1622.800

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	5.941	16.143	19.313
(ii) Intangible Assets	0.507	1.168	2.371
(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	550.000	550.000	550.000
(c) Deferred tax assets (net)	2.464	0.000	0.000
(d) Long-term Loan and Advances	7.110	8.443	6.014
(e) Other Non-current assets	15.545	3.570	21.000
Total Non-Current Assets	581.567	579.324	598.698

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.745	0.745	0.810
(c) Trade receivables	687.323	779.575	274.283
(d) Cash and cash equivalents	211.915	340.757	316.486
(e) Short-term loans and advances	38.412	57.355	426.244
(f) Other current assets	1.955	3.102	6.279
Total Current Assets	940.350	1181.534	1024.102

TOTAL	1521.917	1760.858	1622.800

PROFIT and LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	165.614	269.814	427.767
	Other Income	58.254	80.150	95.736
	TOTAL SALES	223.868	349.964	523.503

Less	EXPENSES
	Operating Expenses	49.861	83.289	119.425
	Employees benefits expense	84.511	119.339	148.982
	Other expenses	36.263	52.601	65.739
	TOTAL (B)	170.635	255.229	334.146

	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	53.233	94.735	189.357

Less	FINANCIAL EXPENSES	41.237	40.425	33.061

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	11.996	54.310	156.296

Less	DEPRECIATION/ AMORTISATION	7.928	5.724	7.641

	PROFIT/ (LOSS) BEFORE TAX	4.068	48.586	148.655

Less	TAX	(2.028)	8.509	41.120

	PROFIT/ (LOSS) AFTER TAX	6.096	40.077	107.535

	EARNINGS IN FOREIGN CURRENCY	0.000	0.006	0.018

	EARNINGS / (LOSS) PER SHARE (RS.)	6.35	41.75	112.02

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	(8.619)	(164.293)
Cash generated from (Used) operations	NA	NA	NA
Cash generated from Operating Activities	NA	(14.871)	(208.885)

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	3.68	14.85	25.14

Operating Profit Margin (PBIDT/Sales)	(%)	32.14	35.11	44.27

Return on Total Assets (PBT/Total Assets}	(%)	0.42	4.01	13.86

Return on Investment (ROI) (PBT/Networth)		0.01	0.11	0.34

Debt Equity Ratio (Total Debt /Networth)		0.46	0.61	0.61

Current Ratio (Current Asset/Current Liability)		1.03	1.10	1.07

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	Rs. In Million	Rs. In Million	Rs. In Million
Share Capital	9.600	9.600	9.600
Reserves and Surplus	432.140	446.946	450.783
Net worth	441.740	456.546	460.383

long-term borrowings	225.000	225.000	147.500
Short term borrowings	46.060	55.592	64.244
Total borrowings	271.060	280.592	211.744
Debt/Equity ratio	0.614	0.615	0.460

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	427.767	269.814	165.614
		(36.925)	(38.619)

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	427.767	269.814	165.614
Profit	107.535	40.077	6.096
	25.14%	14.85%	3.68%

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	No
7	Name of the person contacted	No
8	Designation of contact person	No
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	No
17	Details of sister concerns	Yes
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	No
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	No
35	Negative Reporting by Auditors in the Annual Report	No

REVIEW OF OPERATION AND OUTLOOK:

For the year ended 31^st march 2015, the company earned a total income of Rs. 223.868 Million (the previous year total Income 349.964 Million. The net profit for the year stood at Rs. 6.096 Million (previous year net profit Of Rs. 40.078 Million). The declined in the income and profitability during the year was due to an overall decrease in the volumes on all commodity exchanges and unfavorable market conditions for commodities market. The directors are making all out efforts for business development and focus on client retention and acquisition.

UNSECURED LOAN

PARTICULARS	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Long-term Borrowings
Loans from related Parties	0.000	225.000
Unsecured Loan from Holding Companies	147.500	0.000
Total	147.500	225.000

CONTINGENT LIABILITIES:

(Rs. in millions)

PARTICULARS	31.03.2015
Guarantees issued by banks in favour of
Professional clearing Member	504.400
Others	1.000

INDEX OF CHARGES:

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10537418	01/12/2014	20,000,000.00	INDUSIND BANK LIMITED	100, LAXMI, SARDAR PATEL ROAD, SECUNDERABAD, TELANGANA - 500003, INDIA	C36987261
2	10397899	19/12/2012	200,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PARE L WEST, MUMBAI, MAHARASHTRA - 400013, INDIA	B66200387

FIXED ASSETS

TANGIBLE ASSETS:

Leasehold Improvements
Furniture’s and Fixtures
Electrical Equipments
Office Equipment
Computer
Furnitures and Fixtures

INTANGIBLE ASSETS:

Computer Software
Membership Fees

CMT REPORT (Corruption, Money Laundering and 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. 65.57
UK Pound	1	Rs. 101.13
Euro	1	Rs. 71.80

INFORMATION DETAILS

Information Gathered by :	DIP

Analysis Done by :	AMT

Report Prepared by :	SYL

SCORE and RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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		52

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 and 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

Unit