MIRA INFORM REPORT

Report No. :	350783
Report Date :	23.11.2015

IDENTIFICATION DETAILS

Name :	TRIKAUSCH INDIA PRIVATE LIMITED
Registered Office :	M-26, Commercial Complex, Greater Kailash Part-II, Market, New Delhi 110048
Tel. No.:	91-11-29217675
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	25.07.1983
Com. Reg. No.:	55-016210
Capital Investment / Paid-up Capital :	Rs. 0.959 Million
CIN No.: [Company Identification No.]	U74899DL1983PTC016210
IEC No.:	0589017161
TAN No.: [Tax Deduction & Collection Account No.]	DELT04961F
PAN No.: [Permanent Account No.]	AAACT0079K
Legal Form :	Private Limited Liability Company
Line of Business :	Providing Consulting Services mainly in the field of Pipeline Equipment and Services.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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

Maximum Credit Limit :	USD 206000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company incorporated in the year 1983 having good track record. Available financial indicates sound financial risk profile marked by healthy net worth position along with zero debt and favorable gap between trade payables and trade receivables. Further, the rating also takes into consideration decent profit margin of the company. Trade relations are reported as fair. Business is a active. Payments terms are reported to be regular and as per commitment. In view of long track record and sound financial base, the company can be considered normal 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	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 31-03-2015.

INFORMATION DECLINED

MANAGEMENT NO CO-OPERATIVE

(TEL. NO.: 91-11-29217675)

LOCATIONS

Registered/ Corporate Office :	M-26, Commercial Complex, Greater Kailash Part-II, Market, New Delhi 110048, India
Tel. No.:	91-11-29217675/ 0977/ 8699
Fax No.:	91-11-29211569
E-Mail :	trikausch@trikausch.com
Website :	http://www.trikausch.com

DIRECTORS

AS ON 29.08.2014

Name :

Mr. Rohit Kapoor

Designation :

Whole-Time Director

Address :

4, Anand Lok, New Delhi - 110049, India

Date of Birth/Age :

11.08.1960

Date of Appointment :

25.07.1983

DIN No.:

00911248

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	U74899DL1983PTC016210	TRIKAUSCH INDIA PRIVATE LIMITED	Whole-time director	25/07/1983	25/07/1983	Active	NO
2	U74899DL1983PTC015950	ASIAN ESTATES PRIVATE LIMITED	Director	12/09/1986	12/09/1986	Active	NO

Name :

Mr. Varun Kapoor

Designation :

Whole-Time Director

Address :

4, Anand Lok, New Delhi - 110049, India

Date of Birth/Age :

09.08.1970

Date of Appointment :

01.09.1992

DIN No.:

00911307

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	U74899DL1983PTC016210	TRIKAUSCH INDIA PRIVATE LIMITED	Whole-time director	01/09/1992	01/09/1992	Active	NO
2	U74899DL1983PTC015950	ASIAN ESTATES PRIVATE LIMITED	Director	25/09/1995	25/09/1995	Active	NO

Name :

Mr. Renu Kapoor

Designation :

Whole-Time Director

Address :

4, Anand Lok, New Delhi - 110049, India

Date of Birth/Age :

13.04.1940

Date of Appointment :

25.07.1983

DIN No.:

00911347

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	U74899DL1983PTC016210	TRIKAUSCH INDIA PRIVATE LIMITED	Whole-time director	25/07/1983	25/07/1983	Active	NO
2	U74899DL1983PTC015950	ASIAN ESTATES PRIVATE LIMITED	Director	12/09/1986	12/09/1986	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.08.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Renu Kapoor	8882	92.60
Rohit Kapoor	360	3.75
Varun Kapoor	350	3.65
Total	9592	100.00

AS ON 29.08.2014

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

BUSINESS DETAILS

Line of Business :	Providing Consulting Services mainly in the field of Pipeline Equipment and Services.
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

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 :

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 :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
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

Auditors :
Name :	S. R. Dinodia and Company. LLP. Chartered Accountants
Address :	K-39, Connaught Circus, New Delhi – 110001, India
Tel. No.:	91-11-43703300
Fax No.:	91-11.41513666
Income-tax PAN of auditor or auditor's firm :	ACLFS0165R
Memberships :	--
Collaborators :	--
Associates Company :	Asian Estate Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
20,000	Equity Shares	Rs. 100/- each	Rs. 2.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
9,592	Equity Shares	Rs. 10/- each	Rs. 0.959 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	0.959	0.959	0.959
(b) Reserves & Surplus	71.016	58.370	47.492
(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)	71.975	59.329	48.451
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.450	0.450	0.957
(d) long-term provisions	3.607	3.472	3.331
Total Non-current Liabilities (3)	4.057	3.922	4.288
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.230	0.240	0.068
(c) Other current liabilities	1.318	0.997	0.264
(d) Short-term provisions	2.262	1.275	1.107
Total Current Liabilities (4)	3.810	2.512	1.439
TOTAL	79.842	65.763	54.178
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	9.513	10.541	10.238
(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	49.874	20.924	17.549
(c) Deferred tax assets (net)	1.860	2.247	1.553
(d) Long-term Loan and Advances	1.785	0.758	0.769
(e) Other Non-current assets	5.283	4.235	4.222
Total Non-Current Assets	68.315	38.705	34.331
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	17.500	8.000
(c) Trade receivables	2.090	2.051	1.806
(d) Cash and cash equivalents	7.855	6.471	8.210
(e) Short-term loans and advances	0.857	0.292	0.297
(f) Other current assets	0.725	0.744	1.534
Total Current Assets	11.527	27.058	19.847
TOTAL	79.842	65.763	54.178

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		GROSS REVENUE	21.331	18.782	7.704
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		21.331	18.782	7.704
Less/ Add	DEPRECIATION/ AMORTISATION		1.275	1.208	1.051
	PROFIT/ (LOSS) BEFORE TAX		20.056	17.574	6.653
Less	TAX		5.284	4.466	1.472
	PROFIT/ (LOSS) AFTER TAX		14.772	13.108	5.181
	Earnings Per Share (Rs.)		1540.03	1366.56	540.14

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 Flow 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}	(%)	71.35	41.26	18.97
Return on Investment (ROI) (PBT/Networth)		0.28	0.30	0.14
Debt Equity Ratio (Total Debt/Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		3.03	10.77	13.79

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	0.959	0.959	0.959
Reserves & Surplus	47.492	58.370	71.016
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	48.451	59.329	71.975
Long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

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)
Gross Revenue	19.342	32.266	34.361
		66.818	6.493

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Gross Revenue	19.342	32.266	34.361
Profit	5.181	13.108	14.772
	26.79%	40.62%	42.99%

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	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	No
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

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	90032864	23/03/1992	368,000.00	U.P. FINANCIALCORPORATION	14/88 ; CIVIL LINES, KANPUR, UTTAR PRADESH, INDIA	-

CORPORATE INFORMATION

The company incorporated in 25^th July, 1983 is providing consulting service agency for foreign and Indian principal concerns in the oil and industry mainly in the field of pipeline equipment and services.

FIXED ASSETS:

· Land

· Building

· Furniture and Fixture

· Electrical Fittings

· Office Equipment’s

· Motor Car

· Cycles

· Computer

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.66.09
UK Pound	1	Rs.101.04
Euro	1	Rs.70.86

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	DIV
Report Prepared by :	ARC

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		54

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.