MIRA INFORM REPORT

Report No. :	351643
Report Date :	27.11.2015

IDENTIFICATION DETAILS

Name :	EXPERION SALES PRIVATE LIMITED
Registered Office :	Office No. B – 102, Basement – 46A, Hasanpur, Main Road, I.P. Extension, Delhi – 110092
Mobile No.:	91-8744016693
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	26.03.2013
Com. Reg. No.:	55-249862
Capital Investment / Paid-up Capital :	Rs.10.000 Million
CIN No.: [Company Identification No.]	U51909DL2013PTC249862
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AADCE3263B
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Fabric, Steel, Carbon Black (Coal Powder) Cotton etc.
No. of Employees :	19 (Approximately) (In Office : 9 / In Branch : 5+5)

RATING & COMMENTS

MIRA’s Rating :

B (30)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 2013 and it is engaged in the trading business of fabric, steel, coal powder and cotton etc. For the financial year ended 2015, the company has achieved healthy growth in its revenue profile but failed to maintained profit margins and reported low margins at 0.23% during the year under a review. Rating remain constrained on account of company’s limited track record of business operations marked by its moderate financial profile along with modest net worth base and above average liquidity position. Rating also takes into consideration risk associated with trading nature of business along with susceptibility to fluctuation in commodity prices imparting volatility to profitability and intense competition in trading business. However, rating weakness is partially offset promoters’ extensive industry experience in trading business and continued financial support that company receives from them. Trade relations are reported as fair. Payments are reports to be slow but correct. In view of aforesaid, the company can be considered for business dealing with some caution.

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. Nidhi Chawla
Designation :	Admin Manager
Date :	24.11.2015

Name :	Mr. Tirvinder Singh
Designation :	Director
Contact No.:	91-9953701476
Date :	24.11.20152

LOCATIONS

Registered Office :	Office No. B – 102, Basement – 46A, Hasanpur, Main Road, I.P. Extension, Delhi – 110092, India
Tel. No.:	Not Available
Mobile No.:	91-8744016693 (Mr. Ruchi) / 91-9953701476 (Mr. Tirvinder Singh)
Fax No.:	Not Available
E-Mail :	sales.experion@gmail.com
Website :	www.mgmtoffice987@gmail.com
Area :	700 Sq. Ft.
Location :	Rented
Locality:	Commercial
Branch Office 1 :	Office No. 2, Block No. 03, Plot No. 08, Survey No. 06, Taiki, Gandhidham Kaksha, Gujarat, India
Location :	Rented
Branch Office 2:	Building No. A- 8A, Gali No. 9, Prema Complex, Village, Val Dept, Bhiwandi, Mumbai, Maharashtra, India
Location :	Rented

DIRECTORS

Name :

Mr. Soney Lal

Designation :

Director

Address :

862/B Hanuman Gali, Mandawali, New Delhi – 110092, India

Date of Birth/Age :

12.02.1975

Qualification :

Post Graduate

Date of Appointment :

26.03.2013

DIN No.:

06494719

Name :

Mr. Tirvinder Singh

Designation :

Director

Address :

392, Saket Block, Mandawali, New Delhi – 110092, India

Date of Birth/Age :

15.10.1988

Qualification :

Bachelor Commerce

Date of Appointment :

26.03.2013

DIN No.:

06494721

Name :

Mr. Suresh Rawat

Designation :

Additional Director

Address :

B-179, B-Block, Mandawali Fazalpur, New Delhi - 110092, India

Date of Birth/Age :

21.04.1982

Qualification :

Graduate

Date of Appointment :

05.08.2015

DIN No.:

07255915

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	U51909DL2013PTC249862	EXPERION SALES PRIVATE LIMITED	Additional director	5/8/2015	5/8/2015	-	Active	NO
2	U51102DL2013PTC249678	ISOTOPIC METALLICS PRIVATE LIMITED	Additional director	5/8/2015	5/8/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ruchi
Designation :	Admin Incharge

MAJOR SHAREHOLDERS

As on 31.03.2015

Names of Shareholders	No. of Shares	Percentage
Soney Lal	500000	50.00
Tirvinder Singh	500000	50.00
Total	1000000	100.00

BUSINESS DETAILS

Line of Business :	Trader of Fabric, Steel, Carbon Black (Coal Powder) Cotton etc.
Products :	Coal Steel Pipes TMT Bar S. R. Plates S.S. Plates.
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cash, L/C and Credit (30 / 90 Days)
Purchasing :	Cash, L/C and Credit (30 / 90 Days)

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :

Valli and Valli Enterprises

Name of the Person :

Mr. Konark Tripathi (Manager)

Contact No.:

91-7053211535

Since How Long Known :

2 Years

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour	Market Goodwill	Overall
Good	Good	Good

Remark:

As claimed by Mr. Konark Tripathi (Manager) that they are very much satisfied with subject company.

Customers :

Wholesalers and Retailers

Reference :

SPG Multi Trade Private Limited

Name of the Person :

Ms. Tejaswini (Manager)

Contact No.:

91-9820618703

Since How Long Known :

1 Year

Maximum Limit Dealt :

Rs. 10.000 Million (Monthly)

Experience :

Payment Behaviour	Market Goodwill	Overall
Good	Good	Good

Remark:

As claimed by Ms. Tejaswini (Manager) that prising is very good company

No. of Employees :

19 (Approximately) (In Office : 9 / In Branch : 5+5)

Bankers :

Banker Name	ICICI Bank Limited
Branch Address	Preet Vihar, Delhi, 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
Banker Name	HDFC Bank
Branch Address	Vishwas Nagar, Shahdara Branch, Delhi, India
Contact Number	91-9873663438
Remarks (If any)	Management Non-Cooperative

Auditors :
Name :	Vivek Soni and Company Chartered Accountants
Address:	KD-65, kavi Nagar, Ghaziabad - 201001, Uttar Pradesh, India
Email Id:	sonivivek04@yahoo.com info.viveksoni@gmail.com
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2015

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
1000000	Equity Shares	Rs.10/- each	Rs. 10.000 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	10.000	2.400	2.400
(b) Reserves & Surplus	1.332	0.094	0.015
(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)	11.332	2.494	2.415
(3) Non-Current Liabilities
(a) long-term borrowings	0.200	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(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)	0.200	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	32.585	0.326	0.061
(c) Other current liabilities	0.000	0.216	0.012
(d) Short-term provisions	0.320	0.034	0.006
Total Current Liabilities (4)	32.905	0.575	0.079
TOTAL	44.437	3.070	2.494
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.407	0.491	0.154
(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	0.005	0.008	0.010
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	0.412	0.499	0.164
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	7.857	0.915	0.416
(c) Trade receivables	34.020	1.530	1.779
(d) Cash and cash equivalents	0.527	0.126	0.135
(e) Short-term loans and advances	1.600	0.000	0.000
(f) Other current assets	0.021	0.000	0.000
Total Current Assets	44.025	2.570	2.329
TOTAL	44.437	3.070	2.494

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	521.548	152.536	7.525
	Other Income	0.000	0.000	0.000
	TOTAL (A)	521.548	152.536	7.525
Less	EXPENSES
	Purchases of Stock-in-Trade	521.686	151.462	7.656
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(6.942)	(0.500)	(0.415)
	Employees benefits expense	2.529	0.663	0.078
	Other expenses	2.897	0.707	0.145
	TOTAL (B)	520.170	152.332	7.464
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	1.378	0.204	0.061
Less	FINANCIAL EXPENSES (D)	0.000	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	1.378	0.204	0.061
Less/ Add	DEPRECIATION/ AMORTISATION (F)	0.087	0.091	0.040
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	1.291	0.113	0.021
Less	TAX (H)	0.053	0.034	0.006
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	1.238	0.079	0.015
	Earnings / (Loss) Per Share (Rs.)	1.24	0.33	--

Expected Sales (2015-2016): Rs.1000.000 Million (More order receive)

The above information has been parted by Mr. Tirvinder Singh (Director).

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

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	0.24	0.05	0.20
Operating Profit Margin (PBIDT/Sales)	(%)	0.26	0.13	0.81
Return on Total Assets (PBT/Total Assets}	(%)	2.91	3.68	0.84
Return on Investment (ROI) (PBT/Networth)		0.11	0.05	0.01
Debt Equity Ratio (Total Debt /Networth)		0.02	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.34	4.46	29.49

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	2.400	2.400	10.000
Reserves & Surplus	0.015	0.094	1.332
Net worth	2.415	2.494	11.332
long-term borrowings	0.000	0.000	0.200
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.200
Debt/Equity ratio	0.000	0.000	0.018

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	7.525	152.536	521.548
		1,927.056	241.918

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	7.525	152.536	521.548
Profit	0.015	0.079	1.238
	0.20%	0.05%	0.24%

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	No
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	Yes
17	Details of sister concerns	No
18	Major suppliers	Yes
19	Major customers	Yes
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 two years and 5 days	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last about two years and 5 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: NO CHARGES EXIST FOR COMPANY

FIXED ASSETS

• Air Conditioner
• Battery
• Computer
• Exhuast Fav
• Furniture and Fixture
• Mobile Photos
• Office Equipment
• Printer
• Car

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.66.55
UK Pound	1	Rs.100.64
Euro	1	Rs.70.69

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	KAR
Report Prepared by :	SUJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	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		27

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.