MIRA INFORM REPORT

Report No. :	350385
Report Date :	24.11.2015

IDENTIFICATION DETAILS

Name :	EUROASIA TRANS CONTINENTAL
Registered Office :	207, Parvati Industrial Estate, New Sun Mill Compound, Lower Parel, Mumbai – 400013, Maharashtra
Tel. No.:	91-22-67745512
Country :	India
Financials (as on) :	31.03.2014 (Summarised Figures)
Year of Establishment:	1997
Capital Investment / Paid-up Capital :	Rs.0.050 Million (As on 31.03.2014)
TIN No.:	Not Available
IEC No.:	0397051123
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAAHE0513J
Legal Form :	Partnership Concern with an unlimited liability of the partners
Line of Business :	Manufacturer and Exporter of Pharmaceutical Raw Materials.
No. of Employees :	37 (Approximately)

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:	140
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	EUROASIA Trans Continental was established in the year 1997 as a partnership concern and it is having satisfactory track record. The rating takes into accounts on concern’s established track record along with growing scale of operation through its diversified business profile. However, rating is constrained on concerns by its moderate balance sheet profile, low profitability margin and competition faced by concern from same peer group. Trade relations seems to be fair. Business is active. Payments terms are 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	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	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 PARTED BY

Name :	Ms. Mona
Designation :	Manager
Contact No.:	91-22-67745555
Date :	23.11.2015

LOCATIONS

Registered Office / Factory:	207, Parvati Industrial Estate, New Sun Mill Compound, Lower Parel (West), Mumbai – 400013, Maharashtra, India
Tel. No.:	91-22-67745512
Mobile No.:	91-9820050795 (Mr. Kishor Chowkani)
Fax No.:	91-22-66662932
E-Mail :	eurasian@vsnl.com
Website :	www.euroasiachem.com
Area :	4000 Sq. ft.
Location :	Owned

PARTNERS

Name :	Mr. Kishor Radheshyam Chokhani
Designation :	Partner
Address:	97, Marine Drive, 6lth Fl., 13 "C" Shivprasad Building, Mumbai – 400002, Maharashtra, India
Date of Birth/ Age:	55 Years
Qualification:	Graduate
Name :	Euroasian Chemicals Private Limited
Designation :	Partner
Address:	16 Banil Mansion, 2nd Floor, Fort, Mumbai -400001, Maharashtra, India

KEY EXECUTIVES

Name :	Ms. Mona
Designation :	Manager

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Pharmaceutical Raw Materials.
Products :	Pharmaceutical Raw Materials
Brand Names :	Not Available
Agencies Held :	Not Divulged
Exports :
Products :	Pharmaceutical Raw Materials
Countries :	· European Countries · Asian Countries · Middle East · UK · USA · Pakistan · African Countries · Gulf Countries · France · China
Imports :	Not Available
Terms :
Selling :	Depends
Purchasing :	Depends

GENERAL INFORMATION

Suppliers :

Reference :	Kopran Limited, Worli, Mumbai. Maharashtra India
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 :

End Users

Reference :	Medisure Pharmaceutical Private Limited, Pakistan
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 :

37 (Approximately)

Bankers :

Bank Name	Union Bank of India
Branch	UBI Building, 6^th Floor, 66/80, M.S. Marg, Fort, Mumbai – 400023, Maharashtra, India
Person Name (With Designation)	Not Available
Contact Number	91-22-22632806 (Continuously Ringing)
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

Auditors :
Name :	V K Beswal and Company Chartered Accountants
Memberships :	Not Available
Collaborators :	Not Available
Sister Concerns:	· Euroasian Chemicals Private Limited Address: 207, Parvati Industrial Estate, New Sun Mill Compound, Lower Parel (West), Mumbai – 400013, Maharashtra, India · Euroasia USA LLC Address: 2044 Lafayette Road, Fort Oglethorpe GA 30742 · Euroasia China Limited, China

CAPITAL STRUCTURE

As on 31.03.2014

CAPITAL INVESTMENT
FIXED CAPITAL A/C	Amount (Rs. In Million)
Kishore Chokhani	0.045
M/s Euroasian Chemicals Private Limited	0.005
Total	0.050

FINANCIAL DATA

[all figures are in Rupees Million]

Particulars	31.03.2015
Sales Turnover (Approximately)	700.000

The above information has been parted by Ms. Mona (Manager)

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

SUMMARISED FIGURES

PARTICULARS	31.03.2014
Fixed Capital	0.050
Partners Capital	75.789
Secured Loans	16.835
Fixed Assets	9.876
Bank Accounts	9.761
Cash in Hand	0.329
Deposits	0.114
Loans And Advances	5.563

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2013
SHAREHOLDERS FUNDS
1] Fixed Capital		0.050
2] Partners Capital		60.808
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		60.858
LOAN FUNDS
1] Secured Loans		18.662
2] Unsecured Loans		0.000
TOTAL BORROWING		18.662
DEFERRED TAX LIABILITIES		0.000
TOTAL		79.520
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		11.207
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	5.178
	Sundry Debtors	62.705
	Cash & Bank Balances	19.417
	Other Current Assets	0.111
	Loans & Advances	0.993
Total Current Assets		88.404
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	16.608
	Other Current Liabilities	3.483
	Provisions	0.000
Total Current Liabilities		20.091
Net Current Assets		68.313
MISCELLANEOUS EXPENSES		0.000
TOTAL		79.520

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013
	SALES
		Income	650.384	528.885
		Other Income	7.762	4.005
		TOTAL	658.146	532.890
Less	EXPENSES
	Cost of Materials Consumed		625.736	507.392
	Clearing and Forwarding Charges		2.738	1.190
	Freight Charges		5.702	4.117
	Transport and Octroi Charges		1.760	0.804
	Advertising and Business promotion		1.850	1.478
	Rent Rates and Taxes		0.158	0.411
	Books and Periodicals		0.100	0.056
	Travelling Expenses		0.625	0.274
	Conveyance and Other Expenses		0.387	0.194
	Electricity Charges		0.425	0.408
	Miscellaneous Expenses		0.099	0.034
	Other Expenses		13.704	11.959
	Total		653.284	528.317
	PROFIT / (LOSS) BEFORE DEPRECIATION		4.862	4.573
Less	DEPRECIATION		1.364	1.540
	Net Profit		3.498	3.033

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Sales	528.885	650.384
		22.973

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	528.885	650.384
Profit	3.033	3.498
	0.57%	0.54%

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	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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	Yes
19	Major customers	Yes
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 two years	Yes
30	Major shareholders, if available	No
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

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.66.39
UK Pound	1	Rs.100.66
Euro	1	Rs.70.46

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	KSH
Report Prepared by :	SUD

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--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	NO
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--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.