MIRA INFORM REPORT

Report No. :	349278
Report Date :	14.11.2015

IDENTIFICATION DETAILS

Name :	DERBY OVERSEAS PRIVATE LIMITED

Registered Office :	425/1, Rani Khera Road, Mundka, New Delhi – 110041
Tel. No.:	91-11-25278238

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	11.12.1998

Com. Reg. No.:	55-097405

Capital Investment / Paid-up Capital :	Rs.70.000 Million

CIN No.: [Company Identification No.]	U27109DL1998PTC097405

IEC No.:	0598055185

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

PAN No.: [Permanent Account No.]	AAACD8555C

Legal Form :	Private Limited Liability Company

Line of Business :	Importers and Exporters of various Non-Ferrous Metals.

No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 240000

Status :	Satisfactory

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	The subject is an established company having satisfactory track. The rating takes into consideration less reserve level and confirmable debt for the year 2014. The company has reported decrease in its net profit in the same consecutive year. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealings with 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 DECLINED BY

Name :	Mr. Kunal Khanna
Designation :	Director
Contact No.:	91-9810412871 91-11-25278238
Date :	13.11.2015

LOCATIONS

Registered Office :	425/1, Rani Khera Road, Mundka, New Delhi – 110041, India
Tel. No.:	91-11-25278238
Mobile No. :	91-9810412871 (Mr. Kunal Khanna)
Fax No.:	91-11-25254954
E-Mail :	derbydk@hotmail.com selvamkalai@sify.com
Website :	www.derbyoverseas.en.busytrade.com

Corporate Office :	D-1, 1^st Floor, Shubham Enclave, Paschim Vihar, New Delhi – 110041, India
Tel. No.:	91-11-25278238
Fax No.:	91-11-25254954

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Deepak Kumar Khanna

Designation :

Director

Address :

217, Bhera Enclave, Paschim Vihar, New Delhi – 110041, India

Date of Birth/Age :

12.03.1959

Date of Appointment :

11.12.1998

PAN No.:

ABIPK6565A

DIN No.:

00281925

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	U74899DL1995PTC072784	RISHAB DEV TRADE IMPEX PRIVATE LIMITED	Director	27/09/1995	27/09/1995	27/03/2007	Active	NO
2	U27109DL1998PTC097405	DERBY OVERSEAS PRIVATE LIMITED	Managing director	11/12/1998	11/12/1998	-	Active	NO

Name :

Mr. Kunal Khanna

Designation :

Director

Address :

217, Bhera Enclave, Paschim Vihar, New Delhi – 110041, India

Date of Birth/Age :

18.08.1985

Date of Appointment :

02.09.2008

PAN No.:

AOJPK0286P

DIN No.:

00281967

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	U27109DL1998PTC097405	DERBY OVERSEAS PRIVATE LIMITED	Director	1/10/2004	1/10/2004	-	Active	NO
2	U28999PB2008PTC032251	DERBY WIRES PRIVATE LIMITED	Director	2/9/2008	2/9/2008	-	Active	NO
3	U31402PB2008PTC032357	KAYCEE BATTERIES & ALLOYS PRIVATE LIMITED	Whole-time director	1/1/2014	16/10/2008	-	Active	NO

Name :

Mr. Hakumat Rai

Designation :

Director

Address :

208, New Jawahar Nagar, Jalandhar, Punjab, India

Date of Birth/Age :

19.10.1958

Date of Appointment :

11.12.1998

PAN No.:

AARPR4324D

DIN No.:

00282572

Name :

Mr. Suraj Rai Khullar

Designation :

Director

Address :

208, New Jawahar Nagar, Jalandhar, Punjab, India

Date of Birth/Age :

03.01.1984

Date of Appointment :

01.05.2002

PAN No.:

AHRPR9545H

DIN No.:

00282600

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	U27109DL1998PTC097405	DERBY OVERSEAS PRIVATE LIMITED	Director	1/5/2002	1/5/2002	-	Active	NO
2	U55101PB1996PTC017984	CREATIVE LAND AND PROPERTIES PRIVATE LIMITED	Director	10/2/2006	10/2/2006	-	Active	NO
3	U28999PB2008PTC032251	DERBY WIRES PRIVATE LIMITED	Managing director	2/9/2008	2/9/2008	-	Active	NO
4	U31402PB2008PTC032357	KAYCEE BATTERIES & ALLOYS PRIVATE LIMITED	Whole-time director	1/1/2014	16/10/2008	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Deepak Kumar Khanna	1237300
Hakumat Rai	1286500
Geetu	666500
Suraj Rai Khullar	664000
Kunal Khanna	1750000
Sonam Khullar	173000
Deepak Khanna (HUF)	162700
Hakumat Rai (HUF)	410000
Suraj Raj Khullar (HUF)	300000
Muskan Khanna	350000
TOTAL	7000000

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 :	Importers and Exporters of various Non-Ferrous Metals.

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :	Not Divulged

Terms :	Not Divulged

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 the management

Bankers :

Banker Name	Yes Bank Limited
Branch Address	9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Loans taken for fixed assets	1.521	3.352
Loans repayable on demand from banks	36.936	0.000
Working capital loans from banks	0.000	9.900
Total	38.457	13.252

Auditors :
Name :	Kapil N K Goel and Company Chartered Accountant
Address :	F- 2 6 / 124, Sector-7 Nearr, M2K Cinema, Rohini Delhi-110085 India
PAN N Income-tax PAN of auditor or auditor's firm :	AAJFK1081E

Memberships :	Not Available

Collaborators :	Not Available

Associates/Subsidiaries :	---

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

7000000	Equity Shares	Rs.10/- each	Rs. 70.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

7000000	Equity Shares	Rs.10/- each	Rs. 70.000 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	70.000	70.000	70.000
(b) Reserves & Surplus	14.166	12.301	10.053
(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)	84.166	82.301	80.053

(3) Non-Current Liabilities
(a) long-term borrowings	64.257	37.351	72.988
(b) Deferred tax liabilities (Net)	0.428	0.503	0.466
(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)	64.685	37.854	73.454

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	12.200
(b) Trade payables	121.573	124.051	67.686
(c) Other current liabilities	1.030	0.388	1.717
(d) Short-term provisions	2.069	2.384	0.920
Total Current Liabilities (4)	124.672	126.823	82.523

TOTAL	273.523	246.978	236.030

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	57.178	59.133	62.013
(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)	0.000	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	0.004
Total Non-Current Assets	57.178	59.133	62.017

(2) Current assets
(a) Current investments	0.666	0.666	0.666
(b) Inventories	46.893	17.420	29.169
(c) Trade receivables	172.510	159.279	127.356
(d) Cash and cash equivalents	(23.916)	(7.486)	(8.287)
(e) Short-term loans and advances	18.539	10.935	15.241
(f) Other current assets	1.653	7.031	9.868
Total Current Assets	216.345	187.845	174.013

TOTAL	273.523	246.978	236.030

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	726.543	658.841	430.699
	Other Income	NA	1.201	0.262
	TOTAL	NA	660.042	430.961

Less	EXPENSES	NA	656.808	428.400

	PROFIT/ (LOSS) BEFORE TAX	NA	3.234	2.561

Less	TAX	NA	0.950	0.705

	PROFIT/ (LOSS) AFTER TAX	1.865	2.284	1.856

	Earnings / (Loss) Per Share (Rs.)	0.27	0.33	0.27

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
Net cash flows from (used in) operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	NA	1.31	1.09

Return on Investment (ROI) (PBT/Networth)		NA	0.04	0.03

Debt Equity Ratio (Total Debt /Networth)		0.76	0.45	1.06

Current Ratio (Current Asset/Current Liability)		1.74	1.48	2.11

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	70.000	70.000	70.000
Reserves & Surplus	10.053	12.301	14.166
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	80.053	82.301	84.166

long-term borrowings	72.988	37.351	64.257
Short term borrowings	12.200	0.000	0.000
Total borrowings	85.188	37.351	64.257
Debt/Equity ratio	1.064	0.454	0.763

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	430.699	658.841	726.543
		52.970	10.276

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	430.699	658.841	726.543
Profit	1.856	2.284	1.865
	0.43%	0.35%	0.26%

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	No
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	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

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Loans and advances from others	25.800	24.099
Total	25.800	24.099

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10422406	23/08/2013 *	120,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA - 400018, INDIA	B83920371

* Date of charge modification

FIXED ASSETS

Tangible assets

Buildings
Furniture and fixtures
Vehicles
Office equipment
Computer equipments
Other equipments

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 records 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.66.14
UK Pound	1	Rs.100.55
Euro	1	Rs.71.26

INFORMATION DETAILS

Information Gathered by :	PRT

Analysis Done by :	KIN

Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	4
--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		42

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

INDEX OF CHARGES

Unit