MIRA INFORM REPORT

Report No. :	345340
Report Date :	20.10.2015

IDENTIFICATION DETAILS

Name :	AQUA ALLIANCES (INDIA) PRIVATE LIMITED
Registered Office :	307, Owners Industrial Estate, Gabriel Road, Pitamber Lane, Mahim (West), Mumbai – 400016, Maharashtra
Mob. No.:	91-9320133774 (Mr. Das)
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	12.04.2000
Com. Reg. No.:	11-125839
Capital Investment / Paid-up Capital :	Rs. 0.101 Million
CIN No.: [Company Identification No.]	U45200MH2000PTC125839
IEC No.:	0300006942
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AACCA5010B
Legal Form :	Private Limited Liability Company.
Line of Business :	Distributor of Water Proofing System for Indian Construction Industry.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 30000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company incorporated in the year 2000. It act as construction of waterproofing system with Crystallization method and Liquid applied membrane. Hiranandani Sendinel, E-Square Shopping Centre, Leela Palace, Taj Mahal Hotel and Tata Internet Centre are some of the major projects of the company. The company has good network across India and the promoters are well experienced. For the financial year ended 2014, the company has performed moderate scale of operations marked by losses incurred along with cuts in revenue growth for the fiscal year weighted by sharp fluctuation in construction industries. Rating is constrained on account of moderate financial position along with leverage business profile of the company. Trade relations are fair. Business is active. Payments are reported to be slow. In view of aforesaid, the company can be considered for business dealings 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 DENIED BY

Name :	Mr. Anup Kumar Ojha
Designation :	Technical Department Chief Manager
Contact No.:	91-9821205665
Date :	17.10.2015

Name :	Mr. Das
Designation :	Admin Head
Contact No.:	91-9320133774
Date :	17.10.2015

LOCATIONS

Registered Office :	307, Owners Industrial Estate, Gabriel Road, Pitamber Lane, Mahim (West), Mumbai – 400016, Maharashtra, India
Tel. No.:	91-22-24440276
Mobile No.:	91-9320133774 (Mr. Das)
Fax No.:	91-22-24440012
E-Mail :	aqua@aquaalliances.com response@aquaallainces.net

DIRECTORS

AS ON 30.09.2014

Name :

Jayanti Kartik Punjabi

Designation :

Director

Address :

06,Bhoosan Apartments,15 Ramakrishnan Mission Road, Khar (West), Mumbai – 400052, Maharashtra, India

Date of Birth/Age :

23.12.1972

Date of Appointment :

01.03.2010

DIN No.:

00036227

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	U74140MH1977PTC019467	VIJAY PUNJABI CONSULTANTS PRIVATE LIMITED	Director	01/01/2003	01/01/2003	-	Active	NO
2	U51109MH2008PTC187123	BLUE WORKS (INDIA) PRIVATE LIMITED	Director	30/04/2009	30/04/2009	-	Active	NO
3	U45200MH2000PTC125839	AQUA ALLIANCES (INDIA) PRIVATE LIMITED	Director	01/03/2010	01/03/2010	-	Active	NO
4	U45403MH2006PTC161384	Arc Trends Door Solutions Private Limited	Director	01/08/2013	01/08/2013	-	Active	NO
5	AAB-6605	ELISTA PROPERTIES LLP	Designated Partner	22/07/2013	22/07/2013	-	Active	NO

Name :

Kartik Vijay Punjabi

Designation :

Director

Address :

06,Bhoosan Apartment,15 Rama Krishna Marg, Khar(West), Mumbai – 400052, Maharashtra, India

Date of Birth/Age :

13.11.1973

Date of Appointment :

12.04.2000

DIN No.:

00034579

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	U74140MH1977PTC019467	VIJAY PUNJABI CONSULTANTS PRIVATE LIMITED	Director	11/01/2000	11/01/2000	-	Active	NO
2	U45200MH2000PTC125839	AQUA ALLIANCES (INDIA) PRIVATE LIMITED	Director	12/04/2000	12/04/2000	-	Active	NO
3	U45201GA1995PTC001850	MANDOVI REALTORS PRIVATE LIMITED	Director	20/08/2005	20/08/2005	29/09/2008	Active	NO
4	L45200AP1994PLC017384	PRAJAY ENGINEERS SYNDICATE LTD	Director	23/01/2006	23/01/2006	31/08/2009	Active	NO
5	U51900MH2007PTC174441	Aqua Alliances Marketing (India) Private Limited	Director	24/09/2007	24/09/2007	-	Strike off	NO
6	U51109MH2008PTC187123	BLUE WORKS (INDIA) PRIVATE LIMITED	Director	30/04/2009	30/04/2009	-	Active	NO
7	U45403MH2006PTC161384	Arc Trends Door Solutions Private Limited	Director	01/08/2013	01/08/2013	-	Active	NO
8	AAB-6605	ELISTA PROPERTIES LLP	Designated Partner	22/07/2013	22/07/2013	-	Active	NO

Name :

Sailesh Ramanlal Mahimtura

Designation :

Director

Address :

123, Oceanic 9th Floor,, Dr. Rajabali Patel Raod,, Mumbai, 400026, Maharashtra, India

Date of Birth/Age :

29.11.1957

Date of Appointment :

12.042000

DIN No.:

00084016

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	U99999MH1981PTC024573	MAHIMTURA CONSULTANTS PRIVATE LIMITED	Director	06/06/1981	06/06/1981	06/05/2010	Active	NO
2	U67120MH1982PTC028474	MAHIMTURA INVESTMENTS PVT LTD	Director	14/10/1982	14/10/1982	-	Dormant	NO
3	U13760MH1997PTC106190	DOLBI INCON PRIVATE LIMITED	Director	21/01/1999	21/01/1999	-	Active	NO
4	U70102MH1999PTC118416	SENORITA DEVELOPERS PRIVATE LIMITED	Director	01/05/1999	01/05/1999	-	Dormant	NO
5	U99999MH1999PTC123422	WESTERN MILLENNIUM INFOTECH PRIVATE LIMITED	Director	08/02/2000	08/02/2000	05/04/2011	Active	NO
6	U45200MH2000PTC125839	AQUA ALLIANCES (INDIA) PRIVATE LIMITED	Director	12/04/2000	12/04/2000	-	Active	NO
7	U70100MH2000PTC123624	EXOTIC LIFESTYLE PRIVATE LIMITED	Director	01/07/2000	01/07/2000	-	Active	YES
8	U45200MH2005PTC150973	HARBINGER DEVELOPERS PRIVATE LIMITED	Director	21/02/2005	21/02/2005	-	Active	NO
9	U70100MH2005PTC155846	BLUE BERRY PROPERTIES PRIVATE LIMITED	Director	02/09/2005	02/09/2005	-	Dormant	NO
10	U70100MH2006PTC159241	SHUBHSIDDHI BUILDERS PRIVATE LIMITED	Director	25/01/2006	25/01/2006	01/04/2015	Active	NO
11	U51909MH2006PTC164564	GREENSEAL PRODUCTS (INDIA) PRIVATE LIMITED	Director	14/09/2006	14/09/2006	09/02/2009	Active	YES
12	U51900MH2007PTC174441	Aqua Alliances Marketing (India) Private Limited	Director	24/09/2007	24/09/2007	-	Strike off	NO
13	U70100MH2004PTC146292	YELLOWCITY BUILDERS PRIVATE LIMITED	Director	30/10/2007	30/10/2007	-	Dormant	NO
14	U45200MH2008PTC186956	FIRST FUTURE PROPERTIES PRIVATE LIMITED	Director	09/02/2009	09/02/2009	-	Strike off	NO
15	U45202MH2009PTC191711	CITYWOOD BUILDERS PRIVATE LIMITED	Director	16/04/2009	16/04/2009	21/11/2014	Active	NO
16	U45202MH2009PTC193070	RCF - HM Constructions Solutions Private Limited	Director	05/06/2009	05/06/2009	-	Strike off	NO
17	U74999MH2009PTC195631	Solar Renewable Energy Private Limited	Director	09/09/2009	09/09/2009	-	Active	NO
18	U52190MH2009PTC195526	ESCALATE TRADING PRIVATE LIMITED	Director	26/11/2009	26/11/2009	-	Active	NO
19	U45202MH2008PTC183320	RECREATE PROPERTIES PRIVATE LIMITED	Director	08/04/2010	08/04/2010	-	Active	YES
20	U74200KA2011PTC058618	MAHIMTURA CONSULTANTS ( BANGALORE) PRIVATE LIMITED	Director	12/05/2011	12/05/2011	-	Active	NO
21	U45205KA2011PTC058697	NADIG CONSULTING (BANGALORE) PRIVATE LIMITED	Director	18/05/2011	18/05/2011	-	Active	NO
22	U74999KA2013PTC070810	EQUINOX MAHIMTURA VENTURE PRIVATE LIMITED	Additional director	04/09/2013	04/09/2013	-	Active	NO
23	AAA-3218	SUN MIST REALTORS AND DEVELOPER LLP	Body corporate as Designated Partner	27/12/2010	27/12/2010	-	Active	NO
24	AAD-9281	WINSUM MOTO CONSULTANT LLP	Designated Partner	13/05/2015	13/05/2015	-	Active	NO

Name :

Hiten Ramanlal Mahimtura

Designation :

Director

Address :

Saraswati Sadan, 5th Floor,, 47, B.D.Road,, Mumbai, 400026, Maharashtra, India

Date of Birth/Age :

17.02.1962

Date of Appointment :

12.04.2000

DIN No.:

00402951

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	U99999MH1981PTC024573	MAHIMTURA CONSULTANTS PRIVATE LIMITED	Director	06/06/1981	06/06/1981	-	Active	NO
2	U67120MH1982PTC028474	MAHIMTURA INVESTMENTS PVT LTD	Director	14/10/1982	14/10/1982	-	Dormant	NO
3	U13760MH1997PTC106190	DOLBI INCON PRIVATE LIMITED	Director	21/01/1999	21/01/1999	-	Active	NO
4	U70102MH1999PTC118416	SENORITA DEVELOPERS PRIVATE LIMITED	Director	01/05/1999	01/05/1999	-	Dormant	NO
5	U99999MH1999PTC123422	WESTERN MILLENNIUM INFOTECH PRIVATE LIMITED	Director	08/02/2000	08/02/2000	-	Active	NO
6	U45200MH2000PTC125839	AQUA ALLIANCES (INDIA) PRIVATE LIMITED	Director	12/04/2000	12/04/2000	-	Active	NO
7	U67120MH2001PTC131041	S H HOLDINGS PRIVATE LIMITED	Director	28/02/2001	28/02/2001	-	Active	NO
8	U70100MH2000PTC123624	EXOTIC LIFESTYLE PRIVATE LIMITED	Director	07/06/2002	07/06/2002	-	Active	YES
9	U70100MH2004PTC146292	YELLOWCITY BUILDERS PRIVATE LIMITED	Director	13/05/2004	13/05/2004	-	Dormant	NO
10	U45200MH2005PTC150973	HARBINGER DEVELOPERS PRIVATE LIMITED	Director	21/02/2005	21/02/2005	-	Active	NO
11	U70100MH2005PTC155846	BLUE BERRY PROPERTIES PRIVATE LIMITED	Director	02/09/2005	02/09/2005	-	Dormant	NO
12	U51900MH2006PTC159013	MARKMAN IMPEX PRIVATE LIMITED	Director	18/01/2006	18/01/2006	-	Active	NO
13	U70100MH2006PTC159241	SHUBHSIDDHI BUILDERS PRIVATE LIMITED	Director	25/01/2006	25/01/2006	01/04/2015	Active	NO
14	U51909MH2006PTC164564	GREENSEAL PRODUCTS (INDIA) PRIVATE LIMITED	Director	14/09/2006	14/09/2006	09/02/2009	Active	YES
15	U51900MH2007PTC174441	Aqua Alliances Marketing (India) Private Limited	Director	24/09/2007	24/09/2007	-	Strike off	NO
16	U45200MH2008PTC186956	FIRST FUTURE PROPERTIES PRIVATE LIMITED	Director	09/02/2009	09/02/2009	-	Strike off	NO
17	U45202MH2009PTC191711	CITYWOOD BUILDERS PRIVATE LIMITED	Director	16/04/2009	16/04/2009	21/11/2014	Active	NO
18	U45202MH2009PTC193070	RCF - HM Constructions Solutions Private Limited	Director	05/06/2009	05/06/2009	-	Strike off	NO
19	U74999MH2009PTC195631	Solar Renewable Energy Private Limited	Director	09/09/2009	09/09/2009	-	Active	NO
20	U52190MH2009PTC195526	ESCALATE TRADING PRIVATE LIMITED	Director	26/11/2009	26/11/2009	-	Active	NO
21	U45202MH2008PTC183320	RECREATE PROPERTIES PRIVATE LIMITED	Director	08/04/2010	08/04/2010	-	Active	YES
22	U74200KA2011PTC058618	MAHIMTURA CONSULTANTS ( BANGALORE) PRIVATE LIMITED	Director	12/05/2011	12/05/2011	-	Active	NO
23	U45205KA2011PTC058697	NADIG CONSULTING (BANGALORE) PRIVATE LIMITED	Director	18/05/2011	18/05/2011	-	Active	NO
24	U74999KA2013PTC070810	EQUINOX MAHIMTURA VENTURE PRIVATE LIMITED	Additional director	04/09/2013	04/09/2013	-	Active	NO
25	AAA-2184	HEDSHA SERVICES PARTNERS LLP	Designated Partner	07/09/2010	07/09/2010	-	Active	NO
26	AAD-9281	WINSUM MOTO CONSULTANT LLP	Designated Partner	13/05/2015	13/05/2015	-	Active	NO

Name :

Sunil Padmakar Nayak

Designation :

Director

Address :

Cts C-762, 601 Angel House Chs, Kantwadi Road, Bandra West, Mumbai, 400050, Maharashtra, India

Date of Birth/Age :

15.09.1971

Date of Appointment :

12.04.2000

DIN No.:

00274465

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	U45200MH2000PTC125839	AQUA ALLIANCES (INDIA) PRIVATE LIMITED	Director	12/04/2000	12/04/2000	-	Active	NO
2	U51909MH2006PTC164564	GREENSEAL PRODUCTS (INDIA) PRIVATE LIMITED	Director	14/09/2006	14/09/2006	-	Active	YES
3	U51900MH2007PTC174441	Aqua Alliances Marketing (India) Private Limited	Director	24/09/2007	24/09/2007	-	Strike off	NO
4	U45202MH2007PTC175642	DIMENSION STRUCTURES PRIVATE LIMITED	Director	02/11/2007	02/11/2007	-	Active	YES
5	U45400MH2008PTC183734	A.A. NAYAK CONSTRUCTIONS PRIVATE LIMITED	Managing director	01/12/2014	20/06/2008	-	Active	NO
6	U51109MH2008PTC187123	BLUE WORKS (INDIA) PRIVATE LIMITED	Director	30/04/2009	30/04/2009	-	Active	NO
7	U45209MH2013PTC250273	BLU WATERS CONSTRUCT PRIVATE LIMITED	Director	21/11/2013	21/11/2013	-	Active	NO

Name :

Nayanika Sunil Nayak

Designation :

Director

Address :

24, New Municipal Bldg 3 Flr,, Jobanputra Compound, Nana Chowk,, Mumbai, 400007, Maharashtra, India

Date of Birth/Age :

25.11.1971

Date of Appointment :

12.04.2000

DIN No.:

01681615

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	U45200MH2000PTC125839	AQUA ALLIANCES (INDIA) PRIVATE LIMITED	Director	12/04/2000	12/04/2000	-	Active	NO
2	U51909MH2006PTC164564	GREENSEAL PRODUCTS (INDIA) PRIVATE LIMITED	Director	14/09/2006	14/09/2006	15/10/2007	Active	YES
3	U51900MH2007PTC174441	Aqua Alliances Marketing (India) Private Limited	Director	24/09/2007	24/09/2007	-	Strike off	NO
4	U45202MH2007PTC175642	DIMENSION STRUCTURES PRIVATE LIMITED	Director	02/11/2007	02/11/2007	01/03/2008	Active	YES
5	U45400MH2008PTC183734	A.A. NAYAK CONSTRUCTIONS PRIVATE LIMITED	Whole-time director	01/04/2009	20/06/2008	-	Active	NO
6	U51109MH2008PTC187123	BLUE WORKS (INDIA) PRIVATE LIMITED	Director	30/04/2009	30/04/2009	-	Active	NO
7	U45209MH2013PTC250273	BLU WATERS CONSTRUCT PRIVATE LIMITED	Director	21/11/2013	21/11/2013	-	Active	NO

Name :

Kashyap Kirtikumar Patwa

Designation :

Director

Address :

19 2nd Flr Tejpal Bldg, Pan Gully Kemps Corner, Mumbai, 400007, Maharashtra, India

Date of Birth/Age :

22.11.1956

Date of Appointment :

12.04.2000

DIN No.:

00205276

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	U25200MH1983PTC030381	PLASTMOULD CONTAINERS AND PACKAGING SOLUTIONS PRIVATE LIMITED	Director	01/01/1995	01/01/1995	24/03/2011	Active	NO
2	U45200MH2000PTC125839	AQUA ALLIANCES (INDIA) PRIVATE LIMITED	Director	12/04/2000	12/04/2000	-	Active	NO
3	U45301MH2001PTC133843	INTELLIGENT SYSTEM DESIGNS PRIVATE LIMITED	Director	24/02/2002	24/02/2002	-	Strike off	NO
4	U74210MH2003PTC140096	NAT ENGINEERING AND CONSULTANCY PRIVATE LIMITED	Director	22/04/2003	22/04/2003	03/10/2007	Active	NO
5	U74999MH2003PTC141171	SYSTEM PRODUCT ENTERPRISES (INDIA) PRIVATE LIMITED	Director	04/07/2003	04/07/2003	-	Active	NO
6	U31900MH2004PTC149351	ARCTRENDS SYSTEMS PRIVATE LIMITED	Director	25/11/2004	25/11/2004	-	Active	NO
7	U45403MH2006PTC161384	Arc Trends Door Solutions Private Limited	Director	26/04/2006	26/04/2006	-	Active	NO
8	U63011MH2006PTC165954	METAKLAD SYSTEMS PRIVATE LIMITED	Director	05/12/2006	05/12/2006	11/06/2012	Active	NO
9	U52590MH2007PTC170182	TRIDENT SALES PRIVATE LIMITED	Director	21/04/2007	21/04/2007	-	Strike off	NO
10	U52100MH2007PTC171901	LEON SALES AND MARKETING PRIVATE LIMITED	Director	21/06/2007	21/06/2007	-	Active	NO
11	U51900MH2007PTC174441	Aqua Alliances Marketing (India) Private Limited	Director	24/09/2007	24/09/2007	-	Strike off	NO
12	U26100MH2007PTC175057	NEO GLASS PRIVATE LIMITED	Director	01/01/2008	01/01/2008	-	Active	NO
13	U51909MH2008PTC179801	MULTIPROFILE IMPEX PRIVATE LIMITED	Director	07/03/2008	07/03/2008	18/08/2009	Active	NO
14	U72900MH2008PTC181621	TELEMATICS INTEGRATED SOLUTIONS PRIVATE LIMITED	Director	25/04/2008	25/04/2008	12/01/2013	Active	NO
15	U51109MH2008PTC187123	BLUE WORKS (INDIA) PRIVATE LIMITED	Director	30/04/2009	30/04/2009	-	Active	NO
16	U72900MH2010PTC202272	BPT Home Automation (India) Private Limited	Director	22/04/2010	22/04/2010	-	Active	NO
17	U31900MH2012PTC226632	ClassicTouch Electricals Private Limited	Director	09/02/2012	09/02/2012	-	Active	NO

Name :

Chandrika Prakash Modi

Designation :

Director

Address :

A/4, Triveni, Walkeshwar Road, Mumbai, 400006, Maharashtra, India

Date of Birth/Age :

03.05.1954

Date of Appointment :

01.03.2010

DIN No.:

00509257

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	U31900MH2004PTC149351	ARCTRENDS SYSTEMS PRIVATE LIMITED	Director	01/07/2006	01/07/2006	-	Active	NO
2	U45403MH2006PTC161384	Arc Trends Door Solutions Private Limited	Director	01/07/2006	01/07/2006	01/06/2015	Active	NO
3	U25200MH1983PTC030381	PLASTMOULD CONTAINERS AND PACKAGING SOLUTIONS PRIVATE LIMITED	Director	30/09/2009	10/04/2009	01/06/2012	Active	NO
4	U51109MH2008PTC187123	BLUE WORKS (INDIA) PRIVATE LIMITED	Director	30/04/2009	30/04/2009	-	Active	NO
5	U45200MH2000PTC125839	AQUA ALLIANCES (INDIA) PRIVATE LIMITED	Director	01/03/2010	01/03/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Das
Designation :	Admin Head
Name :	Mr. Anup Kumar Ojha
Designation :	Technical Department Chief Manager

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Kartik Vijay Punjabi S/o Vijay Punjabi	1260
Sailesh Ramanlal Mahimtura S/o Ramanlal Mahimtura	1260
Hiten Ramanlal Mahimtura S/o Ramanlal Mahimtura	1260
Sunil Padmakar Nayak S/o Padmakar Nayak	1260
Nayanika Ajaymodi Nayak S/o Ajaymodi	1260
Chandrika Prakash Modi W/o Prakash Modi	1260
Kashyap Kirtikumar Patwa S/o Kirtikumar Patwa	1260
Jayanti K. Punjabi S/o Kartik Punjabi	1260
Total	10080

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Distributor of Water Proofing System for Indian Construction Industry.
Products :	Not Divulged
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

Not Divulged

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 :

Not Divulged

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 :

Information declined by the management

Bankers :

Banker Name	Not Divulged
Branch Address	Not Divulged
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 :	Rajeev Shah and Company Chartered Accountants
Address :	3 and 4, Behramji Mansion, 1^st Floor, 18, Homji Street, Sir P. M. Road, Fort, Mumbai – 400001, Maharashtra, India
PAN No.:	AAAFR0196C
Memberships :	--
Collaborators :	--
Enterprises in which all persons mentioned in are directors :	Blue Works (India) Private Limited Arctrends Systems Private Limited Mahimutra Investment P. Limited Vijay Punjabi Consultants Private Limited Dolbi Incad Private Limited A. A. Nayak Construction Private Limited Mahimutra Consultants P. Limited Dolbi Incon Limited Aqua Alliances Marketing (P) Limited

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs.10/- each	Rs. 2.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10080	Equity Shares	Rs.10/- each	Rs. 0.101 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	0.101	0.101	0.101
(b) Reserves & Surplus	10.545	11.551	11.261
(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)	10.646	11.652	11.362
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	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)	0.000	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	13.156	11.638	19.952
(b) Trade payables	3.753	4.643	4.199
(c) Other current liabilities	5.334	3.719	3.929
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	22.243	20.000	28.080
TOTAL	32.889	31.652	39.442
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.220	0.272	0.295
(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)	1.514	1.144	1.311
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1.734	1.416	1.606
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	9.689	8.689	4.541
(c) Trade receivables	9.073	9.116	14.812
(d) Cash and cash equivalents	6.254	3.484	9.637
(e) Short-term loans and advances	6.139	8.947	8.846
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	31.155	30.236	37.836
TOTAL	32.889	31.652	39.442

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	GROSS INCOME	22.350	26.957	26.684
	EXPENSES	NA	NA	NA
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION	(1.323)	0.605	(3.664)
Less/ Add	DEPRECIATION/ AMORTISATION	0.052	0.058	0.062
	PROFIT / (LOSS) BEFORE TAX	(1.375)	0.547	(3.726)
Less	TAX	(0.369)	0.257	(1.073)
	PROFIT / (LOSS) AFTER TAX	(1.006)	0.290	(2.653)
	IMPORTS
	Raw Materials	12.606	16.305	NA
	TOTAL IMPORTS	12.606	16.305	NA
	Earnings Per Share (Rs.)	(99.80)	(28.76)	(263.19)

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) operation	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(4.50)	1.08	(9.94)
Return on Total Assets (PBT/Total Assets}	(%)	(4.38)	1.79	(9.77)
Return on Investment (ROI) (PBT/Networth)		(0.13)	0.05	(0.33)
Debt Equity Ratio (Total Debt /Networth)		1.24	1.00	1.76
Current Ratio (Current Asset/Current Liability)		1.40	1.51	1.35

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	0.101	0.101	0.101
Reserves & Surplus	11.261	11.551	10.545
Share Application money pending allotment	0.000	0.000	0.000
Net worth	11.362	11.652	10.646
long-term borrowings	0.000	0.000	0.000
Short term borrowings	19.952	11.638	13.156
Current Maturities of Long Term Debt	0.000	0.000	0.000
Total borrowings	19.952	11.638	13.156
Debt/Equity ratio	1.756	0.999	1.236

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)
Gross Income	26.684	26.957	22.350
		1.023	(17.090)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Gross Income	26.684	26.957	22.350
Profit/ (Loss)	(2.653)	0.290	(1.006)
	(9.94%)	1.08%	(4.50%)

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	----
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
22	Conduct of the banking account	----
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last 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	No
32	Litigations that the firm/promoter involved in	----
33	Market information	----
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from 32, Pathakwadi Tawawala Building, Mumbai – 400002, Maharashtra, India to the present address w.e.f. 02.06.2008.

UNSECURED LOAN

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
From Directors	1.014	0.897
From Companies	6.984	6.178
From directors relative and firm	5.158	4.563
Total	13.156	11.639

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Water Pump
• Drill Machine
• Furniture and Fixture
• Office Equipment
• Computer
• Fax Machine
• Camera Digital

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. 64.82
UK Pound	1	Rs. 100.12
Euro	1	Rs. 73.75

INFORMATION DETAILS

Information Gathered by :	SPR
Analysis Done by :	TRI
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	2
--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	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		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.