MIRA INFORM REPORT

Report No. :	344793
Report Date :	12.10.2015

IDENTIFICATION DETAILS

Name :	KREDENCE MULTI TRADING LIMITED (w.e.f.02.03.2009)
Formerly Known As :	SANJUG TRADING COMPANY LIMITED
Registered Office :	502, 5th Floor, Global Foyer Building, Sector-43,Golf Course Road, Gurgaon-122002, Haryana
Tel. No.:	91-22-66172219/66372083
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	04.02.1984
Com. Reg. No.:	05-048132
Capital Investment / Paid-up Capital :	Rs. 12.655 Million
CIN No.: [Company Identification No.]	U51900HR1984PLC048132
IEC No.:	0301036985
TAN No.: [Tax Deduction & Collection Account No.]	MUMS38900B
PAN No.: [Permanent Account No.]	AAACS0998A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trading in Iron and Steel, Shares and Property.
No. of Employees :	10 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company incorporated in the year 1984 having satisfactory track. Available financial indicates company’s acceptable financial risk profile marked by sound net worth position and decent liquidity profile of the company. General financial position of the company is normal acceptable for business dealings. However, this rating strength is partially offset by low operating profitability and highly fragmented nature of the steel trading industry characterized by intense competition. Trade relations are reported as fair. Business is active. Payments terms are reported as slow but correct. In view of long track record and acceptable financial base, the company can be considered normal for business dealings 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	ICRA
Rating	Non-Fund Based Limit A3
Rating Explanation	Moderate degree of safety and carry higher credit risk.
Date	September, 2015

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. Naina
Designation :	Accounts Department
Contact No.:	91-22-66172219
Date :	09.10.2015

LOCATIONS

Registered Office :	502, 5th Floor, Global Foyer Building, Sector-43,Golf Course Road, Gurgaon-122002, Haryana, India
Tel. No.:	91-22-66172219/66372083
Fax No.:	Not Available
E-Mail :	sanjug1984@gmail.com
Branch Office :	530, Nav Vyapar Bhavan, 49 P.D. Mello Road, Carnac Bunder, Mumbai – 400009, Maharashtra, India
Tel. No.:	91-22-66361316
Fax No.:	91-22-66361317

DIRECTORS

As on 30.09.2014

Name :

Mr. Anuj Rajinder Miglani

Designation :

Director

Address :

21-B Embassy Apartments, 46 Nepean Sea Road, Mumbai-400036, Maharashtra, India

Date of Birth/Age :

01.04.1974

Qualification :

Mechanical Engineer from Imperial College, London

Date of Appointment :

15.09.2010

PAN No.:

AABPM6332L

DIN No.:

00287097

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	U15410MH1994PTC078062	UTTAM AGRO FOODS (INDIA) P LTD	Director	15/12/1998	15/12/1998	08/01/2010	Active	NO
2	U15310MH1982PTC028104	UTTAM FLOUR MILLS PVT LIMITED	Director	01/04/1999	01/04/1999	08/01/2010	Active	NO
3	U51900MH1989PTC051001	KARISHMA TRADING COMPANY PRIVATE LIMITED	Director	13/10/2001	13/10/2001	-	Active	NO
4	L27104MH1985PLC035806	UTTAM GALVA STEELS LIMITED	Managing director	10/11/2012	10/11/2001	-	Active	NO
5	U27104MH2002PLC135119	UTTAM UTKAL STEELS LIMITED	Director	11/03/2002	11/03/2002	-	Active	NO
6	U99999MH2002PTC136311	S.S. FLOUR MILLS (KHOPOLI) PRIVATE LIMITED	Director	25/06/2002	25/06/2002	08/01/2010	Active	NO
7	U27205MH1981PTC025930	ARCHISHA STEELS PRIVATE LIMITED	Director	19/08/2002	19/08/2002	01/09/2014	Active	NO
8	U51900MH1977PTC019695	BARCLAY EXPORTS PRIVATE LIMITED	Director	26/03/2003	26/03/2003	15/11/2014	Active	NO
9	U29248HR1981PLC050320	METALLURGICAL ENGINEERING AND EQUIPMENTS LIMITED	Director	26/03/2003	26/03/2003	-	Active	NO
10	U51311HR1971PTC051172	SAINATH TRADING COMPANY PRIVATE LIMITED	Director	20/06/2005	20/06/2005	28/03/2012	Active	NO
11	U29250MH2005PTC155688	UTTAM FOOD INFRASTRUCTURE PARK PRIVATE LIMITED	Director	26/08/2005	26/08/2005	15/01/2010	Active	NO
12	U65990MH1988PLC212607	SHREE UTTAM STEEL AND POWER LIMITED	Director	30/09/2006	10/02/2006	-	Amalgamated	NO
13	U27100MH2006PTC160649	TEXTURING TECHNOLOGY PRIVATE LIMITED	Director	22/03/2006	22/03/2006	05/06/2009	Active	NO
14	U51909MH2005PTC151831	EVERGREEN TRADEPLACE PRIVATE LIMITED	Director	30/09/2006	02/08/2006	22/08/2013	Active	NO
15	U51900HR1997PTC047058	GROW WELL MERCANTILE Private Limited	Director	30/09/2006	14/09/2006	15/04/2011	Active	NO
16	U27310MH2006PLC165173	SHREE UTTAM STEEL AND POWER LIMITED	Director	06/11/2006	06/11/2006	-	Active	NO
17	U60231HR2007PTC049951	ULTIMATE LOGISTICS SOLUTIONS PRIVATE LIMITED	Director	01/10/2012	10/07/2007	07/10/2014	Active	NO
18	U27200HR2007PLC037927	UTTAM GALVA METALLICS LIMITED	Director	13/09/2007	13/09/2007	-	Active	NO
19	U51420MH2008PLC184679	UTTAM DISTRIBUTION NETWORK LIMITED	Director	15/07/2008	15/07/2008	-	Active	NO
20	U70100MH2008PLC186464	Sindhudurg Projects Limited	Director	04/09/2008	04/09/2008	20/10/2014	Active	NO
21	U45208MH2008PTC186795	UTTAM IT PARK PROJECTS PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
22	U45303MH2008PTC186794	UTTAM BIOTECHNOLOGY PARK INFRASTRUCTURE PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
23	U27106MH2007PLC172719	FIRST WARDHA STEEL LIMITED	Director	29/09/2010	24/10/2008	20/10/2014	Active	NO
24	U45202HR2008PTC049526	REVIVE BUILDZONE AND DEALERS PRIVATE LIMITED	Director	22/09/2009	23/03/2009	-	Active	NO
25	U72900MH2009PLC195599	REAL ID LIMITED	Director	08/09/2009	08/09/2009	-	Active	NO
26	U74899DL1990PTC039733	MKR Associates Private Limited	Director	25/11/2009	25/11/2009	-	Active	NO
27	U74899DL1994PTC061749	SWILKEN INDIA PRIVATE LIMITED	Director	25/11/2009	25/11/2009	-	Active	NO
28	U25200MH2006PTC165366	MASTERPLAST INDIA PRIVATE LIMITED	Director	30/09/2010	28/04/2010	25/11/2010	Active	NO
29	U51900HR1984PLC048132	KREDENCE MULTI TRADING LIMITED	Director	15/09/2010	06/07/2010	-	Active	NO
30	U11100HR2010PLC040858	MIG OIL & GAS LIMITED	Director	08/07/2010	08/07/2010	28/07/2014	Active	NO
31	U27100KA2010PLC053231	Uttam Galva Ferous Limited	Director	30/09/2011	09/07/2011	07/10/2011	Active	NO
32	U14298MH2008PTC189012	AURA MINERALS PRIVATE LIMITED	Additional director	28/12/2012	28/12/2012	28/12/2012	Active	NO

Name :

Mr. Ankit Rajinderkumar Miglani

Designation :

Director

Address :

21-B Embassy Apartments, 46 Nepean Sea Road, Mumbai-400036, Maharashtra, India

Date of Birth/Age :

23.02.1979

Qualification :

Graduate in Economics from Wharton School, U.S.A.

Date of Appointment :

15.09.2010

PAN No.:

AACPM1902P

DIN No.:

00444956

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	U29248HR1981PLC050320	METALLURGICAL ENGINEERING AND EQUIPMENTS LIMITED	Director	26/03/2003	26/03/2003	-	Active	NO
2	U51900MH1977PTC019695	BARCLAY EXPORTS PRIVATE LIMITED	Director	03/03/2004	03/03/2004	15/11/2014	Active	NO
3	U27205MH1981PTC025930	ARCHISHA STEELS PRIVATE LIMITED	Director	22/09/2004	22/09/2004	01/09/2014	Active	NO
4	U55101HR1988PLC030288	GOLDEN GREENS GOLF AND RESORTS LIMITED	Director	22/12/2004	22/12/2004	10/01/2012	Active	NO
5	L27104MH1985PLC035806	UTTAM GALVA STEELS LIMITED	Managing director	29/07/2014	29/07/2005	-	Active	NO
6	U29250MH2005PTC155688	UTTAM FOOD INFRASTRUCTURE PARK PRIVATE LIMITED	Director	26/08/2005	26/08/2005	15/01/2010	Active	NO
7	U65990MH1988PLC212607	SHREE UTTAM STEEL AND POWER LIMITED	Director	25/02/2006	25/02/2006	-	Amalgamated	NO
8	U51909MH2005PTC151831	EVERGREEN TRADEPLACE PRIVATE LIMITED	Director	30/09/2006	02/08/2006	22/08/2013	Active	NO
9	U51900HR1997PTC047058	GROW WELL MERCANTILE Private Limited	Director	30/09/2006	14/09/2006	15/04/2011	Active	NO
10	U27310MH2006PLC165173	SHREE UTTAM STEEL AND POWER LIMITED	Director	06/11/2006	06/11/2006	20/12/2012	Active	NO
11	U51900MH1989PTC051001	KARISHMA TRADING COMPANY PRIVATE LIMITED	Director	30/12/2006	30/12/2006	-	Active	NO
12	U60231HR2007PTC049951	ULTIMATE LOGISTICS SOLUTIONS PRIVATE LIMITED	Director	01/10/2012	10/07/2007	07/10/2014	Active	NO
13	U27200HR2007PLC037927	UTTAM GALVA METALLICS LIMITED	Director	13/09/2007	13/09/2007	-	Active	NO
14	U51100MH1998PTC115425	PALAK AGENCY PRIVATE LIMITED	Director	21/01/2008	21/01/2008	06/11/2012	Active	NO
15	U70100MH2007PTC170301	HB Promoters & Developers Private Limited	Director	30/09/2008	09/04/2008	-	Active	NO
16	U51420MH2008PLC184679	UTTAM DISTRIBUTION NETWORK LIMITED	Director	15/07/2008	15/07/2008	-	Active	NO
17	U70100MH2008PLC186464	Sindhudurg Projects Limited	Director	04/09/2008	04/09/2008	20/10/2014	Active	NO
18	U27104MH2002PLC135119	UTTAM UTKAL STEELS LIMITED	Director	30/09/2008	05/09/2008	-	Active	NO
19	U45208MH2008PTC186795	UTTAM IT PARK PROJECTS PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
20	U45303MH2008PTC186794	UTTAM BIOTECHNOLOGY PARK INFRASTRUCTURE PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
21	U27106MH2007PLC172719	FIRST WARDHA STEEL LIMITED	Director	29/09/2010	24/10/2008	27/12/2010	Active	NO
22	U45202HR2008PTC049526	REVIVE BUILDZONE AND DEALERS PRIVATE LIMITED	Director	22/09/2009	23/03/2009	-	Active	NO
23	U74899DL1990PTC039733	MKR Associates Private Limited	Director	25/11/2009	25/11/2009	-	Active	NO
24	U74899DL1994PTC061749	SWILKEN INDIA PRIVATE LIMITED	Director	25/11/2009	25/11/2009	-	Active	NO
25	U10100WB2009PLC140050	MOIRA MADHUJORE COAL LIMITED	Director	09/12/2009	09/12/2009	-	Active	NO
26	U27320DL2008PLC223550	LLOYDS LINE PIPES LIMITED	Director	06/08/2010	13/01/2010	12/11/2010	Active	NO
27	U25200MH2006PTC165366	MASTERPLAST INDIA PRIVATE LIMITED	Director	30/09/2010	28/04/2010	25/11/2010	Active	NO
28	U51900HR1984PLC048132	KREDENCE MULTI TRADING LIMITED	Director	15/09/2010	06/07/2010	-	Active	NO
29	U11100HR2010PLC040858	MIG OIL & GAS LIMITED	Director	08/07/2010	08/07/2010	08/07/2011	Active	NO
30	U45202MH1994PTC081324	BAKURA PROPERTIES PRIVATE LIMITED	Director	30/09/2011	09/12/2010	-	Active	NO
31	U27100KA2010PLC053231	Uttam Galva Ferous Limited	Director	30/09/2011	09/07/2011	07/10/2011	Active	NO
32	L27100MH1970PLC014621	UTTAM VALUE STEELS LIMITED	Director	26/08/2013	28/12/2012	-	Active	NO

Name :

Mrs. Divya Dhawan

Designation :

Director

Address :

B-9, 6491, Vasant Kunj, New Delhi - 110070, India

Date of Birth/Age :

04.09.1983

Qualification :

B. Com

Date of Appointment :

30.09.2009

PAN No.:

AKWPD7689L

DIN No.:

02202030

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	U74140DL2008PTC182129	HEMERA INDIA PRIVATE LIMITED	Director	18/08/2008	18/08/2008	-	Active	NO
2	U74140MH2009PTC191323	HEMERA GLOBAL TRADE PRIVATE LIMITED	Director	21/08/2010	30/03/2009	-	Active	NO
3	U51900HR1984PLC048132	KREDENCE MULTI TRADING LIMITED	Director	30/09/2009	11/05/2009	-	Active	NO

Name :

Mr. Debkumar Krishnapada Goswami

Designation :

Director

Address :

A/501, Vigyanshila, 7 Bunglow, New Juhu Versova Link Road, Andheri (West), Mumbai - 400061, Maharashtra, India

Date of Birth/Age :

10.02.1946

Qualification :

B. Com

Date of Appointment :

30.09.2009

DIN No.:

02390068

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	U65990MH1988PLC212607	SHREE UTTAM STEEL AND POWER LIMITED	Director	30/09/2009	08/10/2008	-	Amalgamated	NO
2	U21000MH1992PLC067108	Green Earth Education Limited	Additional director	18/03/2009	18/03/2009	28/06/2010	Active	NO
3	U51900HR1984PLC048132	KREDENCE MULTI TRADING LIMITED	Director	30/09/2009	11/05/2009	-	Active	NO
4	L17120DN1990PLC000440	SHEKHAWATI POLY-YARN LIMITED	Director	04/05/2010	04/05/2010	16/03/2011	Active	NO
5	U65990MH2010PTC198262	CHOICE CAPITAL ADVISORS PRIVATE LIMITED	Director	27/09/2012	08/06/2010	-	Active	NO
6	U74999MH2008PTC180977	KEJRIWAL RE-CYCLING PRIVATE LIMITED	Additional director	28/06/2010	28/06/2010	07/08/2010	Active	NO
7	L67190MH1993PLC071117	CHOICE INTERNATIONAL LIMITED	Director	30/09/2011	30/05/2011	-	Active	NO
8	U27200HR2007PLC037927	UTTAM GALVA METALLICS LIMITED	Director	10/09/2014	25/05/2013	-	Active	NO

Name :

Ram Chandra Sharma

Designation :

Director

Address :

Gopal Bhavan, Near, Radha Krishna Temple, Dadwara, Kota -324007,Rajasthan, India

Date of Birth/Age :

12.05.1974

Date of Appointment :

24.09.2013

DIN No.:

06697661

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	U51900HR1984PLC048132	KREDENCE MULTI TRADING LIMITED	Director	30/09/2013	24/09/2013	-	Active	NO
2	U51311HR1971PTC051172	SAINATH TRADING COMPANY PRIVATE LIMITED	Director	30/09/2014	03/02/2014	03/02/2015	Active	NO
3	U45202MH1994PTC081286	PARITOSA PROPERTIES PRIVATE LIMITED	Additional director	30/09/2014	04/02/2014	-	Active	NO
4	U51909WB2009PTC133001	NAINA DEVI COMMERCE PRIVATE LIMITED	Additional director	21/07/2014	21/07/2014	-	Active	NO
5	U64120WB2004PTC098043	NAVODEEP COURIER PRIVATE LIMITED	Additional director	28/07/2014	28/07/2014	-	Active	NO
6	U51109WB2004PTC097954	BARSOPURTI EXIM PRIVATE LIMITED	Additional director	28/07/2014	28/07/2014	-	Active	NO
7	U11100HR2010PLC040858	MIG OIL & GAS LIMITED	Director	30/09/2014	28/07/2014	-	Active	NO
8	U51900HR1997PTC047058	GROW WELL MERCANTILE Private Limited	Director	23/09/2014	08/08/2014	09/12/2014	Active	NO
9	L63022WB1982PLC035111	SPIRAL PACK (INDIA) LTD	Additional director	25/09/2014	25/09/2014	-	Active	NO
10	U70100MH2008PLC186464	Sindhudurg Projects Limited	Additional director	20/10/2014	20/10/2014	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Naina
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

SHAREHOLDING DETAILS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	35.56
Other top fifty shareholders	64.44
Total	100.00

BUSINESS DETAILS

Line of Business :

Trading in Iron and Steel, Shares and Property.

Products :

Item Code No. (ITC Code)	Product Description
99715990	Business Auxilliary Services

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Products :

Finished good

Countries :

· Iran

· Hong Kong

· Singapore

· Dubai

Imports :

Products :

Raw Materials

Countries :

· Hong Kong

· Singapore

· Iran

· Dubai

Terms :

Selling :

Cash and Credit

Purchasing :

Cash 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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Wholesaler, Retailers and End Users

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

10 (Approximately)

Bankers :

Banker Name :	Dena Bank
Branch Address :	Dena Corporate Centre, Bandra Kurla Complex, Bandra (East), Mumbai – 400021, Maharashtra, India
Facilities :	Not Divulged
Person Name :	Not Divulged
Contact No.:	Not Divulged
Report :	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)

· Bombay Mercantile Bank Limited, Foreign Exchange Dept, Uttam House; P. D'mello Road, Mumbai - 400009, Maharashtra, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
Long Term Borrowing
Intercorporate borrowings	214.100	385.985
Total	214.100	385.985

Auditors :
Name :	Sonal V Desai Chartered Accountant
Address :	104, Tuscon, Trikal CHS, Plot No. 310, 90 Feet Road, Ghatkopar (East), Mumbai - 400075, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAMPD9246M
Memberships :	Not Available
Collaborators :	Not Available
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Uttam Galva Metallics Limited CIN No.: U27200HR2007PLC037927 Uttam Galva Steels Limited CIN No.: L27104MH1985PLC035806 Archisha Steels Private Limited CIN No.: U27205MH1981PTC025930 Grow Well Mercantile Limited CIN No.: U51900HR1997PLC047058 Paritosa Properties Private Limited CIN No.: U45202MH1994PTC081286

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
5,000,000	Equity Shares	Rs. 10/- each	Rs. 50.000 Million
5,000,000	Preference Shares	Rs. 10/- each	Rs. 50.000 Million
	Total		Rs. 100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1,169,089	Equity Shares	Rs. 10/- each	Rs. 11.691 Million
325,000	Preference Shares	Rs. 10/- each	Rs. 3.250 Million
	Total		Rs. 14.941 Million

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
5,000,000	Equity Shares	Rs. 10/- each	Rs. 50.000 Million
5,000,000	Preference Shares	Rs. 10/- each	Rs. 50.000 Million
	Total		Rs. 100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
940500	Equity Shares	Rs. 10/- each	Rs. 9.405 Million
325,000	Preference Shares	Rs. 10/- each	Rs. 3.250 Million
	Total		Rs. 12.655 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	12.655	12.655	12.655
(b) Reserves & Surplus	599.436	569.892	541.063
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	100.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	712.091	582.547	553.718
(3) Non-Current Liabilities
(a) long-term borrowings	214.100	461.565	459.600
(b) Deferred tax liabilities (Net)	4.431	3.829	3.112
(c) Other long term liabilities	1054.500	320.000	20.000
(d) long-term provisions	0.000	0.110	0.000
Total Non-current Liabilities (3)	1273.031	785.504	482.712
(4) Current Liabilities
(a) Short term borrowings	12.516	4.109	0.000
(b) Trade payables	3611.663	1846.338	1182.777
(c) Other current liabilities	4.323	1.132	3.147
(d) Short-term provisions	2.252	0.388	3.105
Total Current Liabilities (4)	3630.754	1851.967	1189.029
TOTAL	5615.876	3220.018	2225.459
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	38.076	38.859	39.760
(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	1055.409	1078.381	671.400
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	124.834	133.573	119.945
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1218.319	1250.813	831.105
(2) Current assets
(a) Current investments	0.083	1.019	4.363
(b) Inventories	122.481	79.578	80.266
(c) Trade receivables	2904.066	1009.578	794.335
(d) Cash and cash equivalents	376.133	310.270	197.483
(e) Short-term loans and advances	994.794	568.760	317.907
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	4397.557	1969.205	1394.354
TOTAL	5615.876	3220.018	2225.459

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	7897.187	4467.527	3833.486
		Other Income	125.696	18.266	8.977
		TOTAL (A)	8022.883	4485.793	3842.463
Less	EXPENSES
		Purchases of Stock-in-Trade	7878.982	4401.178	3784.277
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(42.903)	0.688	0.000
		Employees benefits expense	5.076	4.077	1.814
		Other expenses	5.826	3.963	6.196
		TOTAL (B)	7846.981	4409.906	3792.287
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		175.902	75.887	50.176
Less	FINANCIAL EXPENSES (D)		130.317	32.222	11.285
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		45.585	43.665	38.891
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.938	0.901	0.919
	PROFIT BEFORE TAX (E-F) (G)		44.647	42.764	37.972
Less	TAX (H)		15.102	13.917	12.937
	PROFIT AFTER TAX (G-H) (I)		29.545	28.847	25.035
	Earnings Per Share (Rs.)		31.41	30.67	26.62

Particulars	31.03.2015
Sales Turnover (Approximately)	13070.000

The above information has been parted by Ms. Naina (Accounts Executive)

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 flows from (used in) operation	69.161	199.310	263.862

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.37	0.65	0.65
Operating Profit Margin (PBDIT/Sales)	(%)	2.23	1.70	1.31
Return on Total Assets (PBT/Total Assets}	(%)	0.98	2.00	2.44
Return on Investment (ROI) (PBT/Networth)		0.06	0.07	0.07
Debt Equity Ratio (Total Debt /Networth)		0.32	0.80	0.83
Current Ratio (Current Asset/Current Liability)		1.21	1.06	1.17

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	12.655	12.655	12.655
Reserves & Surplus	541.063	569.892	599.436
Share Application money pending allotment	0.000	0.000	100.000
Net worth	553.718	582.547	712.091
long-term borrowings	459.600	461.565	214.100
Short term borrowings	0.000	4.109	12.516
Total borrowings	459.600	465.674	226.616
Debt/Equity ratio	0.830	0.799	0.318

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	3833.486	4467.527	7897.187
		16.540	76.769

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	3833.486	4467.527	7897.187
Profit	25.035	28.847	29.545
	0.65%	0.65%	0.37%

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	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 four years	Yes
27]	Reasons for variation <> 20%	--
28]	Estimation for coming financial year	No
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

Note:

Registered office of the company has been shifted from 530 Vypar Bhavan49 P D 'Mello Road Carnac Bunder, Mumbai-400009, Maharashtra, India to the present address w.e.f.03.12.2012

UNSECURED LOAN

(Rs. In Million)

Particular	As on 31.03.2014	As on 31.03.2013
Long Term Borrowing
Loans and advances from others	0.000	75.580
Short Term Borrowing
Other loans and advances	12.516	4.109
Total	12.516	79.689

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10379895	19/03/2014 *	1,890,000,000.00	DENA BANK	Sachivalaya Coener Branch, "The Beacon", Madam Cama Road, Opp. Mantralaya, Mumbai, Maharashtra - 400021, INDIA	C00883181
2	90213565	16/06/2000	200,000,000.00	GLOBAL TRUST BANK LIMITED	15; MKER CHAMERS III, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA	-
3	90213293	21/12/1998	150,000,000.00	GLOBAL TRUST BANK LIMITED	MAKER CHAMBRS III, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA	-
4	90214199	02/09/1979	35,000,000.00	GLOBAL TRUST BANK LIMITED	MAKER CHAMBRS III, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA	-

* Date of charge modification

FIXED ASSETS

• Air Conditioner
• Computer
• Fax Machine
• Flat at Delhi
• Motor Car
• Office at Mumbai
• Office at Mumbai
• Furniture and Fixture
• Refrigerator

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.64.78
UK Pound	1	Rs.99.54
Euro	1	Rs.73.08

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	DIV
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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		44

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.