MIRA INFORM REPORT

Report No. :	342532
Report Date :	02.10.2015

IDENTIFICATION DETAILS

Name :	SUNDIAL MINING AND METALS LLP
Registered Office :	3^rd Floor, Maruthi Plaza, # 69, 2^nd Main Road, Vyalikaval Extension, Bangalore – 560003, Karnataka
Tel. No.:	91-9845484545 (Mr. Ravi Kumar)
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	16.09.2013
Total Obligation of Contribution:	Rs.0.500 Million
LLPIN:	AAB-7669
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Limited Liability Partnership
Line of Business :	Trader of Minerals and Mining of metal ores.
No. of Employees :	10 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (15)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is relatively a new partnership concern, established in the year 2013. It has moderate track. In view of first year of business operations, the concern has moderate operational activity and incurred losses which has eroded its net worth position. Business is active. Payments are slow. The concern 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 :	Ms. Bindu
Designation :	Legal Consultant
Contact No.:	91-97899999898
Date :	28.09.2015

LOCATIONS

Registered Office :	3^rd Floor, Maruthi Plaza, # 69, 2^nd Main Road, Vyalikaval Extension, Bangalore – 560003, Karnataka
Tel. No.:	Not Available
Mobile No.:	91-9845484545 (Mr. Ravi Kumar)
Fax No.:	Not Available
E-Mail :	grk99999@gmail.com ravig5454@gmail.com sundialmining@gmail.com

DIRECTORS

Name :

Mr. Ravikumar Gajalu

Designation :

Partner

Address :

S/O Gajalu Venkatesh, 16^th Ward, 5^th Cross Basaveshwara Badwane Near Vastrad Hospital, Hospet, Karnataka, India

Date of Birth/Age :

02.03.1962

Date of Appointment :

16.09.2013

DIN No.:

03049889

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	U14220DL2010PTC199713	A.S. MINES & MINERALS PRIVATE LIMITED	Director	10/05/2010	10/05/2010	-	Active	NO
2	U45209KA2010PTC055297	ELITE INFRABUILD PRIVATE LIMITED	Director	24/09/2010	24/09/2010	27/03/2014	Active	NO
3	U45201KA2010PTC055691	INIKA PROPERTIES PRIVATE LIMITED	Director	29/10/2010	29/10/2010	27/03/2014	Active	NO
4	U15490KA2012PTC064019	ZUNAA FOOD PRODUCTS PRIVATE LIMITED	Director	16/05/2012	16/05/2012	-	Strike off	NO
5	AAB-7669	SUNDIAL MINING & METALS LLP	Designated Partner	16/09/2013	16/09/2013	-	Active	NO
6	AAB-8573	ROBUST MINE MET LLP	Designated Partner	07/11/2013	07/11/2013	-	Active	NO

Name :

Mr. Muralidhar Bangalore Rajanna

Designation :

Partner

Address :

328, 1^st Floor, 14^th Cross, Sadashivanagar, Bangalore, Karnataka, India

Date of Birth/Age :

14.10.1971

Date of Appointment :

16.09.2013

DIN No.:

03227947

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	U74900KA2010PTC055550	KITES Network Private Limited	Director	18/10/2010	18/10/2010	-	Active	NO
2	U40108KA2013PTC067744	SUGIMU RENEWABLE ENERGY PRIVATE LIMITED	Managing director	05/02/2013	05/02/2013	-	Active	NO
3	AAB-7669	SUNDIAL MINING & METALS LLP	Designated Partner	16/09/2013	16/09/2013	-	Active	NO

Name :

Mr. Tejorani Gajula

Designation :

Partner

Address :

16^th Ward, 5^th Cross, Basaveshwara Badawane, Near Vastrad Hospital, Hospet - 583201, Karnataka, India

Date of Birth/Age :

06.09.1970

Mobile No.:

91-9880488566

Date of Appointment :

16.09.2013

Email id.:

tejoranig@ymail.com

DIN No.:

06668986

Name :

Mr. Chandrashekhar Gajulu

Designation :

Partner

Address :

Plot No. 60/61, Dr. Ramesh Compound 11^th Ward, Annapoorana Badavane, Near Municipal High School, Hospet – 583201, Karnataka, India

Date of Birth/Age :

11.04.1968

Mobile No.:

91-9243216459

Date of Appointment :

07.11.2013

Email id.:

badrihospet@gmail.com

DIN No.:

06636856

KEY EXECUTIVES

Name :	Ms. Bindu
Designation :	Legal Consultant
Name :	Mr. Prashanth D Shedbal
Designation :	Company Secretary

TOTAL OBLIGATION OF CONTRIBUTION

As on 31.03.2014

Name of Persons	Obligation of Contribution (Rs. In Million)
Ravikumar Gajalu	250000
Muralidhar Bangalore Rajanna	150000
Chandrashekhar Gajulu	50000
Tejorani Gajula	50000
Total	500000

BUSINESS DETAILS

Line of Business :	Trader of Minerals and Mining of metal ores.
Products :	Minerals Mining of metal ores
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :
Products :	Minerals
Countries :	China
Imports :	Not Divulged
Terms :
Selling :	Cash and Credit (30/60/90 Days)
Purchasing :	Cash and Credit (30/60/90 Days)

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 :

10 (Approximately)

Bankers :

Bank Name	Corporation Bank
Branch	No. 114, M.G. Road, Bangalore, Karnataka, 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

Auditors :
Name :	NSVM Associates Chartered Accountants
Address :	Bangalore, Karnataka, India
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2014

Total obligation Fund : Rs.0.500 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2014
SHAREHOLDERS FUNDS
1] Contribution Received		0.500
2] Share Application Money		0.000
3] Reserves & Surplus		(2.768)
4] (Accumulated Losses)		0.000
NETWORTH		(2.268)
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		49.811
TOTAL BORROWING		49.811
DEFERRED TAX LIABILITIES		0.000
TOTAL		47.543
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.984
Capital work-in-progress		0.000
INVESTMENT		0.100
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	53.606
	Other Current Assets	0.000
	Loans & Advances	24.330
Total Current Assets		77.936
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	32.205
	Other Current Liabilities	0.272
	Provisions	0.000
Total Current Liabilities		32.477
Net Current Assets		45.459
MISCELLANEOUS EXPENSES		0.000
TOTAL		47.543

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014
	SALES
	Income	0.000
	Other Income	2.741
	TOTAL (A)	2.741
Less	EXPENSES
	Power and Fuel	0.021
	Administrative Expenses	0.074
	Payment to Auditors	0.026
	Other expenses	4.390
	TOTAL (B)	4.511
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	(1.770)
Less	FINANCIAL EXPENSES (D)	0.762
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	(2.532)
Less/ Add	DEPRECIATION/ AMORTISATION (F)	0.236
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(2.768)
Less	TAX (H)	0.000
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	(2.768)

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT / Sales)	(%)	(100.99)
Operating Profit Margin (PBIDT/Sales)	(%)	(64.57)
Return on Total Assets (PBT/Total Assets}	(%)	(3.46)
Return on Investment (ROI) (PBT/Networth)		1.22
Debt Equity Ratio (Total Debt /Networth)		(21.96)
Current Ratio (Current Asset/Current Liability)		0.95

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	Yes
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 one year	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last one year	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

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10554668	14/02/2015	90,000,000.00	Corporation Bank	No. 114, M.G Road, Bangalore, Bangalore, Karnataka - 560001, INDIA	L02468718

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.65.55
UK Pound	1	Rs.99.17
Euro	1	Rs.73.07

INFORMATION DETAILS

Information Gathered by :	PRP
Analysis Done by :	TRI
Report Prepared by :	SUJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	--
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	--
--CREDIT LINES	1~10	2
--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		15

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.