MIRA INFORM REPORT

Report No. :	350511
Report Date :	27.11.2015

IDENTIFICATION DETAILS

Name :	AMBASHAKTI UDYOG LIMITED
Registered Office :	M-84, 1^st Floor, Greater Kailash, Part-II, New Delhi - 110048
Tel. No.:	91-11-41576000/ 40564770/1/2/3/4/5
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	18.03.2014
Com. Reg. No.:	55-266460
Capital Investment / Paid-up Capital :	Rs.0.500 Million
CIN No.: [Company Identification No.]	U27106DL2014PLC266460
IEC No.:	0514007451
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAMCA5657N
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Importer of Iron and Steel.
No. of Employees :	250 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Status :	New Business
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a new company incorporated on March 18, 2014. It is engaged in the business of manufacturing and importing of Iron and Steel. Mr. Alok Goyal, General Finance Manager has provided all details and informed that the company will start its operational activity from November 21, 2015. The company is expecting sales turnover of Rs.1310 Million in the year 2016. Payments are unknown. The company can be considered for business dealings on safe and secure 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 :	Mr. Alok Goel
General Designation :	General Finance Manager
Contact No.:	91-7049922708
Date :	20.11.2015

LOCATIONS

Registered Office :	M-84, 1^st Floor, Greater Kailash, Part-II, New Delhi – 110048, India
Tel. No.:	91-11-41576000/ 40564770/1/2/3/4/5
Mobile No.:	91-7049922708 (Mr. Alok Goel) 91-9910058325 (Mr. Akshat Goel) 91-7049922714 (Sanjiv Kumar Goel)
Fax No.:	91-11-40564779
E-Mail :	ambashaktiudyog@gmail.com ca_company@rediffmail.com
Website :	http://www.ambashakti.com
Factory :	Plot No.44 and 47, A.B. Road, Banmore Industrial Area, Banmor – 476444, India
Tel. No.:	91-7532-255961
Fax No.:	91-7532-255961

DIRECTORS

As on 22.09.2014

Name :

Mr. Surender Kumar Goel

Designation :

Director

Address :

B-22, S/F, Greater Kailash-1, New Delhi - 110048, India

Date of Birth/Age :

10.08.1941

Date of Appointment :

18.03.2014

DIN No.:

00185219

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	U74899DL1973PTC006467	DURGA ISPAT PRIVATE LIMITED	Director	14/04/1979	14/04/1979	-	Active	NO
2	U27104DL2003PLC127526	AMBA SHAKTI ISPAT LIMITED	Director	01/04/2013	12/07/2004	-	Active	NO
3	U27104DL2006PLC146413	AMBA IRON AND STEEL CO. LIMITED tfr. from u.p. to delhi	Director	01/01/2014	16/02/2006	-	Active	NO
4	U31506DL1990PTC042258	SIDHARTH LUMINAIRS PRIVATE LIMITED	Additional director	06/06/2007	06/06/2007	-	Active	NO
5	U27310DL2008PLC177452	AMBA SPONGE AND POWER LIMITED	Director	30/04/2008	30/04/2008	17/01/2009	Active	NO
6	U70100DL2011PLC215949	AMBA INFRASTRUCTURE LIMITED	Director	16/03/2011	16/03/2011	-	Active	NO
7	U51909DL2011PTC219235	RAGHAV TRADEX PRIVATE LIMITED	Director	01/08/2012	01/08/2012	-	Active	NO
8	U27101DL2013PLC251766	AMBASHAKTI INDUSTRIES LIMITED	Director	08/05/2013	08/05/2013	-	Active	NO
9	U27106DL2014PLC266460	AMBASHAKTI UDYOG LIMITED	Director	18/03/2014	18/03/2014	-	Active	NO
10	U27104DL1989PLC127527	AMBA SHAKTI STEELS LIMITED	Whole-time director	01/01/2015	10/10/2014	-	Active	NO
11	U35923DL1997PLC087812	GOA ISPAT LIMITED	Director	23/09/2015	14/11/2014	-	Active	NO

Name :

Mr. Sanjeev Kumar Gupta

Designation :

Director

Address :

Near Transport Nagar, A.B. Road, Gwalior - 474010, Madhya Pradesh, India

Date of Birth/Age :

15.03.1967

Date of Appointment :

30.09.2014

DIN No.:

01739919

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	U50103MP2002PTC015061	SUDARSHAN MOTORS PRIVATE LIMITED	Director	10/04/2002	10/04/2002	-	Active	NO
2	U27106DL2014PLC266460	AMBASHAKTI UDYOG LIMITED	Director	30/09/2014	29/03/2014	-	Active	NO
3	U51909WB2012PTC173888	KAMALDHAN EXIM PRIVATE LIMITED	Director	25/08/2014	25/08/2014	09/03/2015	Active	NO
4	U51909WB2012PTC177162	TEJOMAYA GOODS PRIVATE LIMITED	Director	30/03/2015	30/03/2015	-	Active	NO
5	U52190WB2012PTC176590	BANGMATA SALES PRIVATE LIMITED	Director	31/03/2015	31/03/2015	-	Active	NO

Name :

Mr. Akshat Goel

Designation :

Director

Address :

M-12, Greater Kailash Part-1, New Delhi, 110048, India

Date of Birth/Age :

04.07.1991

Date of Appointment :

18.03.2014

DIN No.:

06560275

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	U27104DL2003PLC127526	AMBA SHAKTI ISPAT LIMITED	Whole-time director	01/05/2013	15/04/2013	-	Active	NO
2	U27101DL2013PLC251766	AMBASHAKTI INDUSTRIES LIMITED	Director	08/05/2013	08/05/2013	-	Active	NO
3	U27106DL2014PLC266460	AMBASHAKTI UDYOG LIMITED	Director	18/03/2014	18/03/2014	-	Active	NO
4	AAE-6517	CLIQUE17 TECHNOLOGIES LLP	Designated Partner	27/08/2015	27/08/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Alok Goel
Designation :	General Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 22.09.2014

Names of Shareholders	No. of Shares
Kamal Goel	3027500
Surendra Kumar Goel	5000
Akshat Goel	5000
Reena Goel	2032500
Dhruv Goel	5000
Kiran Mala Goel	5000
Anirudh Windlas	5000
Sanjeev Gupta	1015000
Orris Trade-Link Private Limited, India	2600000
Vishnupriya Traders Private Limited, India	3950000
Total	12650000

As on 04.12.2014

Names of Allottees	No. of Shares
Kamal Goel	435000
Sanjeev Gupta	1600000
Orris Trade-Link Private Limited, India	65000
Akshat Goel	100000
Pallavi Garg	70000
Sudhir Garg	70000
Swarn Lata	70000
Shalabh Garg	70000
Total	2480000

Equity Share Break up (Percentage of Total Equity)

As on 22.09.2014

Category	Percentage
Bodies corporate	52.00
Directors or relatives of Directors	48.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Importer of Iron and Steel.
Products :	Iron Steel
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :
Products :	Scrap
Countries :	South Africa Australia United Kingdom New Zealand
Terms :
Selling :	Cash, L/C and Credit
Purchasing :	Cash, L/C and Credit

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 :

250 (Approximately)

Bankers :

Bank Name	Oriental Bank of Commerce
Branch	13-B, New Mandi, Muzaffarnagar - 251001, Uttar Pradesh, India
Person Name (With Designation)	Not Available
Contact Number	91-131-2608745 (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

• UCO Bank, Charti Bazar, Lashkar, Gwalior -474001, Madhya Pradesh, India

Auditors :
Name :	A Jain Agarwal Chartered Accountants
Address :	203/17, Sadar Bazar, Upper Storey, Muzaffarnagar – 251001, Uttar Pradesh, India
Tel. No.:	91-131-2437493/ 2436685
E-Mail :	jainagarwal@rediffmail.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAMFA6693H
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

After 22.09.2014

Authorised Capital : Rs.250.000 Million

Issued, Subscribed & Paid-up Capital : Rs.245.000 Million

As on 22.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs.10/- each	Rs.250.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12650000	Equity Shares	Rs.10/- each	Rs.126.500 Million

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.500
(b) Reserves & Surplus	(0.201)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.299
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	0.002
(c) Other current liabilities	0.000
(d) Short-term provisions	0.000
Total Current Liabilities (4)	0.000
TOTAL	0.301
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	0.000
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.000
(d) Cash and cash equivalents	0.300
(e) Short-term loans and advances	0.000
(f) Other current assets	0.000
Total Current Assets	0.301
TOTAL	0.301

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014
	SALES
	Income	0.000
	Other Income	0.000
	TOTAL	0.000
Less	EXPENSES
	Audit Fees	0.002
	Travelling Expenses	0.001
	Rates, Fess and Taxes	0.001
	Printing and Stationery	0.002
	Miscellaneous Expenses	0.001
	Filling Fees	0.001
	Preliminary Expenses Written Off	0.193
	TOTAL	0.201
	NET PROFIT (LOSS) DURING THE YEAR	(0.201)
	Earnings / (Loss) Per Share (Rs.)	(4.02)

Expected Sales (2015-2016) : Rs.1310.000 Million

The above information has been parted by Mr. Alok Goel (General Finanace Manager)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014
Current Maturities of Long term debt	NA
Cash generated from operations	NA
Net cash flow from operating activity	NA

KEY RATIOS

PARTICULARS		31.03.2014
Return on Total Assets (PBT/Total Assets}	(%)	(66.78)
Return on Investment (ROI) (PBT/Networth)		(0.67)
Debt Equity Ratio (Total Debt /Networth)		0.00
Current Ratio (Current Asset/Current Liability)		150.50

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)	Yes
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	No
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 about one year 16 days	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last about one year 16 days	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	Yes
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	10583242	13/07/2015	305,000,000.00	ORIENTAL BANK OF COMMERCE	13-B, New Mandi, Muzaffarnagar, Uttar Pradesh -  251001, INDIA	C60397452
2	10583245	13/07/2015	250,000,000.00	ORIENTAL BANK OF COMMERCE	13-B, New Mandi, Muzaffarnagar, Uttar Pradesh -  251001, INDIA	C60398179
3	10512742	19/07/2014	580,000.00	UCO Bank	CHARTI BAZAR, LASHKAR, GWALIOR, Madhya Pradesh -  474001, INDIA	C14940761
4	10509644	03/07/2014	580,000.00	UCO Bank	CHARTI BAZAR, LASHKAR, GWALIOR, Madhya Pradesh -  474001, INDIA	C11769973

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.66.38
UK Pound	1	Rs.100.45
Euro	1	Rs.70.55

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	TRI
Report Prepared by :	SUD

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.