MIRA INFORM REPORT

Report No. :	343879
Report Date :	03.10.2015

IDENTIFICATION DETAILS

Name :	SHARP CORP LIMITED (w.e.f. 07.09.2010)
Formerly Known As :	SHARP CORP PRIVATE LIMITED (w.e.f. 28.07.2010) ORIENT OVERSEAS PRIVATE LIMITED
Registered Office :	1^st Floor, Plot No-9, Sagar Centre, Gujrawalan Town, Delhi – 110009
Tel. No.:	91-11-42290700
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	22.08.1988
Com. Reg. No.:	55-032881
Capital Investment / Paid-up Capital :	Rs. 320.300 Million
CIN No.: [Company Identification No.]	U74899DL1988PLC032881
IEC No.:	0592049884
TAN No.: [Tax Deduction & Collection Account No.]	DELO00719F
PAN No.: [Permanent Account No.]	AAACO0036B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trader and Importer of Pulses and Other Agro Products.
No. of Employees :	40 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 1900000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 1988 by the name of Orient Overseas Private Limited, is engaged in the trading and importing of pulses and other agro products. It has satisfactory track record. There seems high gearing ratio, low profitability margins and susceptibility of the same to the fluctuations in currency and commodity prices. However, the rating takes into consideration strength derive from the promoter group with extensive experience in agri-commodities trading business, long track record of operations, of Sharp Corp Limited, healthy growth in the Operating income over the years and positive demand prospects for pulses. Tarde relations are reported to be fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing 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

Rating Agency Name	CARE
Rating	Long Term Bank Facilities=BBB- (Suspended)
Rating Explanation	Have moderate degree of safety and moderate credit risk
Date	24.03.2015
Rating Agency Name	CARE
Rating	Short Term Bank Facilities=A3 (Suspended)
Rating Explanation	Have moderate degree of safety and carry higher credit risk
Date	24.03.2015

Reason for Suspension: The rating has been suspended, as the company has not furnished the information required by CARE for monitoring of the rating.

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. Naresh Gupta
Designation :	Accounts Department
Contact No.:	91-11-42290700

LOCATIONS

Registered Office :	1^st Floor, Plot No-9, Sagar Centre, Gujrawalan Town, Delhi – 110009, India
Tel. No.:	91-11-42290700/ 27128901
Fax No.:	91-11-42290706
E-Mail :	csdesk@sharpglobal.in
Website :	http://www.sharpcorp.in
Location :	Owned
Locality :	Commercial

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Jai Prakash Singhal

Designation :

Managing Director

Address :

83, Sunder Nagar, New Delhi-110003, India

Date of Birth/Age :

07.03.1948

Qualification :

Intermediate

Date of Appointment :

01.09.2002

PAN No.:

AAGPP8743D

DIN No.:

00070349

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	U24200DL1989PLC038212	SHARP MINT LIMITED	Director	31-10-1989	31-10-1989	-	Active	NO
2	U74899DL1994PTC057804	RAMJI LAL INVESTMENTS PRIVATE LIMITED	Director	08-03-1994	08-03-1994	-	Active	NO
3	U74999DL1996PLC077555	SHARP COMMODITYMANAGEMENT LIMITED	Director	26-03-1996	26-03-1996	-	Active	NO
4	U74899DL1993PTC054900	MEGMA WOOLEN INDUSTRIES PRIVATE LIMITED	Director	05-01-1998	05-01-1998	-	Converted to LLP and dissolved	NO
5	U74899DL2000PLC107099	SHARP COMTRADE LIMITED	Director	21-08-2012	03-08-2000	31-08-2012	Active	NO
6	U67120DL1998PTC093637	DOVE REALTORS PRIVATE LIMITED	Director	19-10-2001	19-10-2001	-	Active	NO
7	U74899DL1989PLC038217	SINGHAL AGRO INDUSTRIES LIMITED	Managing director	01-09-2007	01-09-2002	-	Amalgamated	NO
8	U74899DL1988PLC032881	SHARP CORP LIMITED	Managing director	01-09-2012	01-09-2002	-	Active	NO
9	U24246DL1999PLC101103	SHARP AROMATICS INDIA LIMITED	Director	21-07-2003	21-07-2003	-	Amalgamated	NO
10	U15313DL2007PTC163855	NARAYAN DAL UDYOG PRIVATE LIMITED	Director	24-05-2007	24-05-2007	-	Active	NO
11	U01403DL2007PLC165440	RBRL AGRO COMMODITIES LIMITED	Director	02-07-2007	02-07-2007	-	Active	NO
12	U01400DL2010PLC210589	SHARP AGRICOM LIMITED	Director	20-11-2010	20-11-2010	-	Active	NO
13	U67120DL2010PLC210795	SHARP HOLDING LIMITED	Director	26-11-2010	26-11-2010	-	Active	NO
14	U24100DL2010PLC211217	SHARP BIOCON LIMITED	Director	08-12-2010	08-12-2010	-	Active	NO
15	U67120DL2010PLC211222	SHARP ASSET MANAGEMENT LIMITED	Director	09-12-2010	09-12-2010	-	Active	NO
16	U74120DL2008PTC173938	A S G S INVESTMENT PRIVATE LIMITED	Director	20-12-2010	20-12-2010	-	Active	NO
17	U70109DL2006PTC153097	WHITE DIAMOND CONSTRUCTION AND EQUIPMENTS PRIVATE LIMITED	Director	22-09-2012	13-12-2011	-	Active	NO
18	U15122DL2014PLC269715	SHARP INTEGRATED FOOD PARK LIMITED	Director	31-07-2014	31-07-2014	-	Active	NO
19	U17120DL2015PTC278117	MEGMA WOOLEN PRIVATE LIMITED	Director	19-03-2015	19-03-2015	-	Active	NO
20	U74900DL2015PLC280526	ANANDAA CONSUMERS LIMITED	Director	20-05-2015	20-05-2015	-	Active	NO
21	AAA-7954	MEGMA WOOLEN INDUSTRIES LLP	Designated Partner	10-02-2012	10-02-2012	-	Active	NO

Name :

Mr. Rajinder Prasad Singhal

Designation :

Director

Address :

F-1/18, Model Town-II, Delhi-110009, India

Date of Birth/Age :

10.02.1955

Qualification :

Graduate

Date of Appointment :

01.09.2002

PAN No.:

AANPP6997J

DIN No.:

00171381

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	U74899DL1994PTC057804	RAMJI LAL INVESTMENTS PRIVATE LIMITED	Director	08-03-1994	08-03-1994	-	Active	NO
2	U74999DL1996PLC077555	SHARP COMMODITYMANAGEMENT LIMITED	Director	26-03-1996	26-03-1996	17-08-2010	Active	NO
3	U74899DL1993PTC054900	MEGMA WOOLEN INDUSTRIES PRIVATE LIMITED	Director	05-01-1998	05-01-1998	-	Converted to LLP and dissolved	NO
4	U24200DL1989PLC038212	SHARP MINT LIMITED	Director	21-04-1999	21-04-1999	-	Active	NO
5	U74899DL2000PLC107099	SHARP COMTRADE LIMITED	Director	03-08-2000	03-08-2000	15-04-2010	Active	NO
6	U67120DL1998PTC093637	DOVE REALTORS PRIVATE LIMITED	Director	19-10-2001	19-10-2001	-	Active	NO
7	U74899DL1988PLC032881	SHARP CORP LIMITED	Director	01-09-2002	01-09-2002	-	Active	NO
8	U74899DL1989PLC038217	SINGHAL AGRO INDUSTRIES LIMITED	Director	18-11-2006	18-11-2006	-	Amalgamated	NO
9	U01403DL2007PLC165440	RBRL AGRO COMMODITIES LIMITED	Director	02-07-2007	02-07-2007	-	Active	NO
10	U15313DL2007PTC163855	NARAYAN DAL UDYOG PRIVATE LIMITED	Director	05-11-2012	05-11-2012	-	Active	NO
11	U15122DL2014PLC269715	SHARP INTEGRATED FOOD PARK LIMITED	Director	31-07-2014	31-07-2014	-	Active	NO
12	U74900DL2015PLC280526	ANANDAA CONSUMERS LIMITED	Director	20-05-2015	20-05-2015	-	Active	NO

Name :

Mr. Sanjay Singhal

Designation :

Director

Address :

83, Sunder Nagar, New Delhi-110003, India

Date of Birth/Age :

01.05.1968

Qualification :

Graduate

Date of Appointment :

01.09.2002

PAN No.:

ABMPS1773M

DIN No.:

00007902

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	U24200DL1989PLC038212	SHARP MINT LIMITED	Managing director	01-05-2015	31-10-1989	-	Active	NO
2	U74899DL1994PTC057804	RAMJI LAL INVESTMENTS PRIVATE LIMITED	Director	08-03-1994	08-03-1994	-	Active	NO
3	U74999DL1996PLC077555	SHARP COMMODITYMANAGEMENT LIMITED	Director	26-03-1996	26-03-1996	-	Active	NO
4	U74899DL1993PTC054900	MEGMA WOOLEN INDUSTRIES PRIVATE LIMITED	Director	05-01-1998	05-01-1998	-	Converted to LLP and dissolved	NO
5	U74899DL2000PLC107099	SHARP COMTRADE LIMITED	Director	15-04-2010	03-08-2000	07-08-2012	Active	NO
6	U67120DL1998PTC093637	DOVE REALTORS PRIVATE LIMITED	Director	15-09-2001	15-09-2001	-	Active	NO
7	U74899DL1989PLC038217	SINGHAL AGRO INDUSTRIES LIMITED	Director	01-09-2002	01-09-2002	-	Amalgamated	NO
8	U74899DL1988PLC032881	SHARP CORP LIMITED	Director	01-09-2002	01-09-2002	-	Active	NO
9	U24246DL1999PLC101103	SHARP AROMATICS INDIA LIMITED	Director	21-07-2003	21-07-2003	-	Amalgamated	NO
10	U74899DL1995PLC064463	SDR CAPITAL LIMITED	Director	20-06-2005	20-06-2005	07-04-2006	Active	NO
11	U01403DL2007PLC165440	RBRL AGRO COMMODITIES LIMITED	Director	02-07-2007	02-07-2007	-	Active	NO
12	U74120DL2008PTC173938	A S G S INVESTMENT PRIVATE LIMITED	Director	12-02-2008	12-02-2008	-	Active	NO
13	U01400DL2010PLC210589	SHARP AGRICOM LIMITED	Director	20-11-2010	20-11-2010	-	Active	NO
14	U67120DL2010PLC210795	SHARP HOLDING LIMITED	Director	26-11-2010	26-11-2010	-	Active	NO
15	U24100DL2010PLC211217	SHARP BIOCON LIMITED	Director	08-12-2010	08-12-2010	-	Active	NO
16	U67120DL2010PLC211222	SHARP ASSET MANAGEMENT LIMITED	Director	09-12-2010	09-12-2010	-	Active	NO
17	U70109DL2006PTC153097	WHITE DIAMOND CONSTRUCTION AND EQUIPMENTS PRIVATE LIMITED	Director	22-09-2012	24-12-2011	-	Active	NO
18	U15122DL2014PLC269715	Sharp Integrated Food Park Limited	Director	31-07-2014	31-07-2014	-	Active	NO
19	U17120DL2015PTC278117	MEGMA WOOLEN PRIVATE LIMITED	Director	19-03-2015	19-03-2015	-	Active	NO
20	U74900DL2015PLC280526	ANANDAA CONSUMERS LIMITED	Director	20-05-2015	20-05-2015	-	Active	NO

Name :

Mr. Vaibhav Gangwal

Designation :

Director

Address :

H. No.2-A/11, Saket Nagar, Bewar, Ajmer-305901, Rajasthan, India

Date of Appointment :

31.03.2015

DIN No.:

07143907

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	U74899DL1988PLC032881	SHARP CORP LIMITED	Director	31-03-2015	31-03-2015	Active	NO
2	U24200DL1989PLC038212	SHARP MINT LIMITED	Director	31-03-2015	31-03-2015	Active	NO

Name :

Mr. Surender Sharma

Designation :

Director

Address :

Cottage No-4, B M Rohtagi Apartment, Ram Kishore Road, Civil Lines, Delhi-110054, India

Date of Birth/Age :

29.01.1944

Qualification :

Graduate

Date of Appointment :

06.05.2013

DIN No.:

01566605

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	U74899DL1984PTC018973	FANGLE FANNEL FLESIBLE FOAM PRIVATE LIMITED	Director	28-03-1999	28-03-1999	25-03-2009	Active	NO
2	U74899DL1988PLC032881	SHARP CORP LIMITED	Director	06-05-2013	06-05-2013	-	Active	NO
3	U52190RJ2005PTC021656	QUEST RETAIL PRIVATE LIMITED	Director	17-07-2013	17-07-2013	-	Active	NO

Name :

Mrs. Ambika Singhal

Designation :

Additional Director

Address :

83, Sunder Nagar, New Delhi- 110003, India

Date of Appointment :

09.07.2015

PAN No.:

ABMPS1778A

DIN No.:

00007926

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	U24200DL1989PLC038212	SHARP MINT LIMITED	Director	15-06-2000	15-06-2000	07-09-2013	Active	NO
2	U74899DL2000PLC107099	SHARP COMTRADE LIMITED	Director	03-08-2000	03-08-2000	06-04-2010	Active	NO
3	U18101DL2006PTC150034	BHAMA DESIGNS PRIVATE LIMITED	Director	23-06-2006	23-06-2006	-	Active	NO
4	U74120DL2008PTC173938	A S G S INVESTMENT PRIVATE LIMITED	Director	12-02-2008	12-02-2008	-	Active	NO
5	U01400DL2010PLC210589	SHARP AGRICOM LIMITED	Director	20-11-2010	20-11-2010	01-07-2013	Active	NO
6	U67120DL2010PLC210795	SHARP HOLDING LIMITED	Director	26-11-2010	26-11-2010	-	Active	NO
7	U24100DL2010PLC211217	SHARP BIOCON LIMITED	Director	08-12-2010	08-12-2010	-	Active	NO
8	U67120DL2010PLC211222	SHARP ASSET MANAGEMENT LIMITED	Director	09-12-2010	09-12-2010	-	Active	NO
9	U17120DL2015PTC278117	MEGMA WOOLEN PRIVATE LIMITED	Director	19-03-2015	19-03-2015	-	Active	NO
10	U74899DL1988PLC032881	SHARP CORP LIMITED	Additional director	09-07-2015	09-07-2015	-	Active	NO
11	AAA-7954	MEGMA WOOLEN INDUSTRIES LLP	Designated Partner	10-02-2012	10-02-2012	-	Active	NO

Name :

Mr. Manu Gupta

Designation :

Additional Director

Address :

25/21, Shakti Nagar, Delhi- 110007, India

Date of Appointment :

05.06.2015

DIN No.:

00007989

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	U24246DL1999PLC101103	SHARP AROMATICS INDIA LIMITED	Director	27-12-2005	27-12-2005	-	Amalgamated	NO
2	U74899DL1995PTC067064	AMRIT POLYPLAST PRIVATE LIMITED	Director	07-02-2008	07-02-2008	05-06-2015	Active	NO
3	U74999DL1996PLC077555	SHARP COMMODITYMANAGEMENT LIMITED	Director	26-09-2011	29-09-2010	-	Active	NO
4	U74899DL2000PLC107099	SHARP COMTRADE LIMITED	Director	26-09-2011	11-12-2010	07-08-2012	Active	NO
5	U24200DL1989PLC038212	SHARP MINT LIMITED	Additional director	05-06-2015	05-06-2015	-	Active	NO
6	U74899DL1988PLC032881	SHARP CORP LIMITED	Additional director	05-06-2015	05-06-2015	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Neha Gupta
Designation :	Secretary
Address :	D-4/7, III Stop, Model Town-110009, Delhi-110009, India
Date of Birth/Age :	03.10.1985
Date of Appointment :	11.10.2010
PAN No.:	AHDPG7808E
Name :	Mr. Naresh Gupta
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Sanjay Singhal	1630870
Ambika Singhal	525
Jai Prakash Singhal	1267863
Uma Rani Singhal	525
Rajinder Prashad Singhal	301515
Veena Singhal	1085
Vikash Singhal	617
Total	3203000

AS ON 30.09.2014

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

BUSINESS DETAILS

Line of Business :

Trader and Importer of Pulses and Other Agro Products.

Products :

ITC Code No.	Product Descriptions
99611100	Pulses

Brand Names :

--

Agencies Held :

--

Exports :

Products :

--

Countries :

--

Imports :

Products :

Pulses Soil

Countries :

· Canada

· USA

· Australia

Terms :

Selling :

Cash, Advance Payment and Cheque

Purchasing :

Cash, Advance Payment and Cheque

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 :

Retailers and End Users

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 :

40 (Approximately)

Bankers :

Bank Name:	State Bank of Mysore
Branch:	Naya Bazar Branch, Delhi - 110006, 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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Cash Credit=Rs. 4000.000 Million
Account Operation:	Not Divulged
Remarks:	Not Divulged

· ICICI Bank Limited

Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India

· Kotak Mahindra Bank Limited

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
SHORT TERM BORROWINGS
Loans repayable on demand from banks	312.756	157.157
Total	312.756	157.157

Banking Relations :	--
Auditors :
Name :	Ram Rattan and Associates Chartered Accountants
Address :	104 ,Hans Bhawan,1,Bahdur Shah Zafar Marg, New Delhi, India
Income-tax PAN of auditor or auditor's firm :	AAAFR3936L
Memberships :	--
Collaborators :	--
Subsidiary Company :	Narayan Dal Udyog Private Limited, India (U15313DL2007PTC163855)
Associate :	· Amrit Polyplast Private Limited, India (U74899DL1995PTC067064) · Ambika International · Dove Realtors Private Limited, India (U67120DL1998PTC093637) · Ramji Lal Investments Private Limited, India (U74899DL1994PTC057804) · Sharp Mint Limited, India (U24200DL1989PLC038212) · Sharp Global Pte Limited, Singapore · CommCorp International LLP, India

CAPITAL STRUCTURE

AFTER 30.09.2014

Authorised Capital : Rs. 400.000 Million

Issued, Subscribed & Paid-up Capital : Rs. 369.050 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
4000000	Equity Shares	Rs. 100/- each	Rs. 400.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3203000	Equity Shares	Rs. 100/- each	Rs. 320.300 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	320.300	293.700	275.400
(b) Reserves & Surplus	337.347	258.465	176.824
(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)	657.647	552.165	452.224
(3) Non-Current Liabilities
(a) Long-term borrowings	155.000	157.565	154.985
(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	0.294	0.175	0.000
Total Non-current Liabilities (3)	155.294	157.740	154.985
(4) Current Liabilities
(a) Short term borrowings	412.756	157.157	55.098
(b) Trade payables	1123.991	3491.020	1792.483
(c) Other current liabilities	56.269	49.857	325.630
(d) Short-term provisions	26.779	34.519	16.747
Total Current Liabilities (4)	1619.795	3732.553	2189.958
TOTAL	2432.736	4442.458	2797.167
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	234.713	168.416	8.019
(ii) Intangible Assets	0.137	0.229	0.114
(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	11.107	11.107	0.000
(c) Deferred tax assets (net)	0.507	0.394	0.281
(d) Long-term Loan and Advances	3.661	59.866	3.341
(e) Other Non-current assets	0.145	0.391	0.781
Total Non-Current Assets	250.270	240.403	12.536
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1518.632	3339.900	1877.214
(c) Trade receivables	406.408	688.120	759.928
(d) Cash and cash equivalents	11.681	48.101	29.316
(e) Short-term loans and advances	225.482	120.214	118.027
(f) Other current assets	20.263	5.720	0.146
Total Current Assets	2182.466	4202.055	2784.631
TOTAL	2432.736	4442.458	2797.167

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	15410.319	12581.976	6128.598
		Other Income	4.693	5.661	10.899
		TOTAL (A)	15415.012	12587.637	6139.497
Less	EXPENSES
		Purchases of Stock-in-Trade	13372.938	13807.137	7313.580
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	1821.268	(1462.686)	(1349.025)
		Employees benefits expense	14.815	10.710	3.866
		Other expenses	86.441	79.656	51.517
		Exceptional Items	0.000	0.000	(0.036)
		TOTAL (B)	15295.462	12434.817	6019.902
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		119.550	152.820	119.595
Less	FINANCIAL EXPENSES (D)		36.050	46.934	67.561
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		83.500	105.886	52.034
Less	DEPRECIATION/ AMORTISATION (F)		1.359	1.540	1.763
	PROFIT BEFORE TAX (E-F) (G)		82.141	104.346	50.271
Less	TAX (H)		26.667	34.417	16.690
	PROFIT AFTER TAX (G-H) (I)		55.474	69.929	33.581
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	182.339	264.987
	TOTAL EARNINGS		NA	182.339	264.987
	IMPORTS
		Value of Imports (CIF)	9009.711	11915.500	6131.511
	TOTAL IMPORTS		9009.711	11915.500	6131.511
	Earnings Per Share (Rs.)		18.39	24.76	13.13

PARTICULARS	31.03.2015
Sales Turnover (Approximately)	16000.000

Expected Sales (2015-2016): Rs. 16500.000 Million

The above information has been parted by Mr. Naresh Gupta (Accounts Department)

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	(331.557)	110.410	(320.859)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.36	0.56	0.55
Operating Profit Margin (PBDIT/Sales)	(%)	0.78	1.21	1.95
Return on Total Assets (PBT/Total Assets}	(%)	3.39	2.35	1.80
Return on Investment (ROI) (PBT/Networth)		0.12	0.19	0.11
Debt Equity Ratio (Total Liability/Networth)		0.86	0.57	0.46
Current Ratio (Current Asset/Current Liability)		1.35	1.13	1.27

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	275.400	293.700	320.300
Reserves & Surplus	176.824	258.465	337.347
Net worth	452.224	552.165	657.647
Long-term borrowings	154.985	157.565	155.000
Short term borrowings	55.098	157.157	412.756
Total borrowings	210.083	314.722	567.756
Debt/Equity ratio	0.465	0.570	0.863

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)
Sales	6128.598	12581.976	15410.319
		105.299	22.479

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	6128.598	12581.976	15410.319
Profit	33.581	69.929	55.474
	0.55%	0.56%	0.36%

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	Yes
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	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 three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
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	10520706	30/07/2014	7,100,000.00	ING VYSYA BANK LIMITED	871, EAST PARK ROAD,, KAROL BAGH,, NEW DELHI, DEL HI - 110005, INDIA	C21248224
2	10496165	19/05/2014	300,000,000.00	IDBI Bank Limited	IDBI TOWER, WORLD TRADE COMPLEX, CUFFE PARADE, MU MBAI- 400005, MAHARASHTRA, INDIA	C04899902
3	10416761	28/03/2013	2,000,000,000.00	STATE BANK MYSORE	NAYA BAZAR, DELHI, DELHI - 110006, INDIA	B72289614
4	10373609	28/08/2012	540,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA- 390015, GUJ ARAT, INDIA	B56861677
5	10366212	07/06/2012	500,000,000.00	STATE BANK OF MYSORE	NAY BAZAR, DELHI, DELHI - 110006, INDIA	B44034726
6	10352290	06/04/2012	590,000,000.00	STATE BANK OF HYDERABAD	CHANDNI CHOWK, DELHI, DELHI - 110006, INDIA	B38421723
7	10308549	30/08/2011	500,000,000.00	STATE BANK OF MYSORE	NAYA BAZAR, DELHI, Delhi - 110006, INDIA	B21721329
8	10198156	25/06/2015 *	6,000,000,000.00	STATE BANK OF MYSORE	NAYA BAZAR, DELHI, Delhi - 110006, INDIA	C59077982

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Loans repayable on demand	155.000	157.565
SHORT TERM BORROWINGS
Other loans and advances	100.000	0.000
Total	255.000	157.565

COMPANY OVERVIEW:

Subject deals in pulses and other agro products on wholesale basis through a sale network in Mumbai, Delhi, Kolkata and Kanpur and fulfils the demands of various millers, retailers, food Industries etc. throughout India.

FINANCIAL PERFORMANCE:

During the year, the Company recorded net total sales of Rs.15410.300 Million as against Rs.12581.900 Million in the previous year, and net profit of Rs 82.100 Million for the year ending 31st March, 2014 as against Rs.104.300 Million for the previous year. The directors are hopeful it will go up further more in current year.

FIXED ASSETS:

Tangible Assets

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipments

Intangible Assets

· Goodwill

· Computer Software

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.65.55
UK Pound	1	Rs.99.17
Euro	1	Rs.73.08

INFORMATION DETAILS

Information Gathered by :	MNJ
Analysis Done by :	RAS
Report Prepared by :	NKT

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	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	4
--RESERVES	1~10	5
--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		47

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.