MIRA INFORM REPORT

Report No. :	345554
Report Date :	20.10.2015

IDENTIFICATION DETAILS

Name :	MAHAVIR COAL WASHERIES PRIVATE LIMITED

Registered Office :	198, Ist Floor, Vasant Enclave, Vasant Vihar, New Delhi -110057
Tel. No.:	91-11-26141902

Country :	India

Financials (as on) :	31.03.2015

Date of Incorporation :	26.04.2007

Com. Reg. No.:	55-162608

Capital Investment / Paid-up Capital :	Rs.70.993 Million

CIN No.: [Company Identification No.]	U10100DL2007PTC162608

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	DELM16652G

PAN No.: [Permanent Account No.]	AAFCM1923J

Legal Form :	Private Limited Liability Company.

Line of Business :	The subject is engaged in beneficiation of coal on behalf of various plant/ Industries.

No. of Employees :	200 (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

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is an established company incorporated in the year 2007. It is having satisfactory track. Rating takes into consideration strong financial risk profile of the company marked by adequate networth base and comfortable gearing in FY15. Further the company has reported significant increase in sales turnover and profit along with decent profit margin of nearly 3% in the year under consideration. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. In view of decent financial condition, the company can be considered for business dealings with 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

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	Long Term Rating = BBB -
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	August, 2015

Rating Agency Name	ICRA
Rating	Short term rating = A3
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	August, 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 :	Mr. Shweta Mazumdar
Designation :	Chartered Accountant
Contact No.:	91-9993095551
Date :	16.10.2015

LOCATIONS

Registered Office :	198, Ist Floor, Vasant Enclave, Vasant Vihar, New Delhi -110057, India
Tel. No.:	91-11-26141902
Mobile No.:	91-9993095551 (Ms. Shweta Majumdar)
Fax No.:	Not Available
E-Mail :	cashweta23@gmail.com mcwpl.bsp@gmail.com company.roc14@gmail.com
Website :	http://www.mahavirmultitrade.com
Location :	Owned
Locality:	Commercial

Corporate Office:	C/O Mahavir Inspire House, Behind Deendayal Garden, Vyapar Vihar, Bilaspur-495001, Chhattisgarh, India

Factory:	Village Bhelai, District Janjgir – Champa, Chhattisgarh, India

DIRECTORS

AS ON 27.09.2014

Name :

Mr. Pramod Kumar Jain

Designation :

Director

Address :

17. 1^st Floor, Vasant Enclave, Vasant Vihar, New Delhi, India

Date of Appointment :

26.04.2007

DIN No.:

00036019

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	U60231CT1995PTC010269	VARDHMAN ROAD LINES PRIVATE LIMITED	Director	20/12/1995	20/12/1995	-	Active	NO
2	U51909MH2002PLC138369	MAHAVIR GLOBAL COAL LIMITED	Director	24/01/2003	24/01/2003	-	Active	NO
3	U27102DL2003PTC259757	ARYAN ISPAT AND POWER PRIVATE LIMITED	Managing director	9/4/2011	28/04/2003	-	Active	NO
4	U45102MH2006PLC161175	MAHAVIR ENERGY AND COAL BENEFICATION LIMITED	Director	17/04/2006	17/04/2006	-	Active	NO
5	U01122CT1988PTC004451	GAGAN FARMS PRIVATE LIMITED	Director	18/07/2006	18/07/2006	-	Active	NO
6	U10100DL2007PTC162608	MAHAVIR COAL WASHERIES PRIVATE LIMITED	Director	26/04/2007	26/04/2007	-	Active	NO
7	U10100DL2007PTC162663	MAHAVIR WASHERIES and POWER PRIVATE LIMITED	Director	27/04/2007	27/04/2007	-	Active	NO
8	U51909CT1996PTC021982	SIMCO CONSULTANTS PRIVATE LIMITED	Director	1/2/2008	1/2/2008	26/03/2015	Active	NO
9	U36109DL2008PTC179475	MAHAVIR BENEFICATION PRIVATE LIMITED	Managing director	23/01/2010	13/06/2008	-	Active	NO
10	U27106CT1995PLC009693	JAIN REROLLERS LIMITED	Director	1/9/2008	1/9/2008	-	Active	NO
11	U51310DL2008PTC183071	MAHAVIR MULTITRADE PRIVATE LIMITED	Director	9/9/2008	9/9/2008	26/03/2011	Active	NO
12	U10200DL2002PTC115155	KARTIKAY COAL WASHERIES PRIVATE LIMITED	Director	30/09/2011	25/02/2011	-	Active	NO
13	U51909WB2009PTC140196	LUMINA MARKETING PRIVATE LIMITED	Director	26/07/2011	26/07/2011	24/03/2015	Active	NO
14	U51909WB2008PTC130336	ROSEMARY COMMERCIAL PRIVATE LIMITED	Director	8/11/2011	8/11/2011	-	Active	NO
15	U51909WB2010PTC145823	ASHA DEALCOM PRIVATE LIMITED	Director	2/12/2011	2/12/2011	-	Active	NO
16	U52100WB2010PTC145605	PROMPT DEALTRADE PRIVATE LIMITED	Director	2/12/2011	2/12/2011	-	Active	NO
17	U27100DL2013PTC252349	MAHAVIR ARYAN INDUSTRIES PRIVATE LIMITED	Director	20/05/2013	20/05/2013	-	Active	NO

Name :

Mr. Vinod Kumar Jain

Designation :

Director

Address :

Mangal Sri, Krnati Nagar, Bilaspur, Chhattisgarh, India

Date of Birth:

23.08.1978

Date of Appointment :

03.03.2008

DIN No.:

00123795

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	U51909MH2002PLC138369	MAHAVIR GLOBAL COAL LIMITED	Director	30/09/2005	24/01/2003	-	Active	NO
2	U60231CT1995PTC010269	VARDHMAN ROAD LINES PRIVATE LIMITED	Director	1/2/2003	1/2/2003	-	Active	NO
3	U27102DL2003PTC259757	ARYAN ISPAT AND POWER PRIVATE LIMITED	Director	30/04/2003	30/04/2003	-	Active	NO
4	U04520CT2005PTC017721	GLOBAL ESTATES AND DEVELOPERS PRIVATE LIMITED	Director	17/06/2005	17/06/2005	-	Active	NO
5	U45102MH2006PLC161175	MAHAVIR ENERGY AND COAL BENEFICATION LIMITED	Director	17/04/2006	17/04/2006	-	Active	NO
6	U01122CT1988PTC004451	GAGAN FARMS PRIVATE LIMITED	Director	18/07/2006	18/07/2006	-	Active	NO
7	U10100DL2007PTC162663	MAHAVIR WASHERIES AND POWER PRIVATE LIMITED	Director	24/08/2007	24/08/2007	-	Active	NO
8	U80301MH2007PTC174724	INSPIRE MEDICAL AND EDUCATION COMPANY PRIVATE LIMITED	Director	4/10/2007	4/10/2007	-	Active	NO
9	U45201MH2007PTC174889	INSPIRE CONSTRUCTION AND COAL PRIVATE LIMITED	Director	10/10/2007	10/10/2007	-	Active	NO
10	U51909CT1996PTC021982	SIMCO CONSULTANTS PRIVATE LIMITED.	Director	1/2/2008	1/2/2008	30/04/2015	Active	NO
11	U10100DL2007PTC162608	MAHAVIR COAL WASHERIES PRIVATE LIMITED	Director	3/3/2008	3/3/2008	-	Active	NO
12	U51909WB2009PTC140196	LUMINA MARKETING PRIVATE LIMITED	Director	26/07/2011	26/07/2011	24/03/2015	Active	NO

Name :

Mr. Vishal Kumar Jain

Designation :

Director

Address :

Mangalshri, Near Park, SBI Colony, Kranti Nagar, Bilaspur – 495001, Chhattisgarh, India

Date of Appointment :

30.07.2010

DIN No.:

1750650

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	U80301MH2007PTC174724	INSPIRE MEDICAL AND EDUCATION COMPANY PRIVATE LIMITED	Director	15/10/2007	15/10/2007	-	Active	NO
2	U45201MH2007PTC174889	INSPIRE CONSTRUCTION AND COAL PRIVATE LIMITED	Director	15/10/2007	15/10/2007	-	Active	NO
3	U13100CT2007PTC020463	INSPIRE INDUSTRIES PRIVATE LIMITED	Director	30/11/2007	30/11/2007	-	Active	NO
4	U10100DL2007PTC162608	MAHAVIR COAL WASHERIES PRIVATE LIMITED	Director	30/07/2010	30/07/2010	-	Active	NO
5	U51101CT2011PTC000042	INSPIRE COAL AND LOGISTICS PRIVATE LIMITED	Director	5/12/2011	5/12/2011	-	Active	NO
6	U45102MH2006PLC161175	MAHAVIR ENERGY AND COAL BENEFICATION LIMITED	Director	14/10/2013	14/10/2013	-	Active	NO
7	U27106CT1995PLC009693	JAIN REROLLERS LIMITED	Director	19/10/2013	19/10/2013	-	Active	NO
8	U22210CT2013PTC001181	MAHAVIR TELEMEDIA AND NEWS PRIVATE LIMITED	Director	13/12/2013	13/12/2013	-	Active	NO

Name :

Mr. Vikas Jain

Designation :

Director

Address :

Mangalshri, Near Park, SBI Colony, Kranti Nagar, Bilaspur – 495001, Chhattisgarh, India

Date of Appointment :

30.07.2010

DIN No.:

01750741

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	U80301MH2007PTC174724	INSPIRE MEDICAL AND EDUCATION COMPANY PRIVATE LIMITED	Director	15/10/2007	15/10/2007	-	Active	NO
2	U45201MH2007PTC174889	INSPIRE CONSTRUCTION AND COAL PRIVATE LIMITED	Director	15/10/2007	15/10/2007	-	Active	NO
3	U13100CT2007PTC020463	INSPIRE INDUSTRIES PRIVATE LIMITED	Director	30/11/2007	30/11/2007	-	Active	NO
4	U10100DL2007PTC162608	MAHAVIR COAL WASHERIES PRIVATE LIMITED	Director	30/07/2010	30/07/2010	-	Active	NO
5	U51101CT2011PTC000042	INSPIRE COAL AND LOGISTICS PRIVATE LIMITED	Director	5/12/2011	5/12/2011	-	Active	NO
6	U74120MH2013PTC247667	BEYOND MODEL AND EVENT MANAGEMENT PRIVATE LIMITED	Director	29/08/2013	29/08/2013	-	Active	NO
7	U51909MH2002PLC138369	MAHAVIR GLOBAL COAL LIMITED	Director	14/10/2013	14/10/2013	31/03/2014	Active	NO
8	U27106CT1995PLC009693	JAIN REROLLERS LIMITED	Director	19/10/2013	19/10/2013	-	Active	NO
9	U22210CT2013PTC001181	MAHAVIR TELEMEDIA AND NEWS PRIVATE LIMITED	Director	13/12/2013	13/12/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Shweta Mazumdar
Designation :	Chartered Accountant

MAJOR SHAREHOLDERS

AS ON 27.09.2014

Names of Shareholders		No. of Shares
Vinod Kumar Jain		393000
Pramod Kumar Jain (SA)		80280
Vikas Jain		70000
Vishal Jain		255000
Ankit Jain		1200
Ankur Jain		111000
Mahavir Global Coal Limited		4500
Lumia Marketing Private Limited		3330900
Mahavir Washeries and Power Private Limited		64109
Jain Transport Corporation		2000
Inspire Medical and Education Co Private Limited		25000
Welkin Investment Consultants Private Limited		40000
M.K. Thapar		2400
Titanic Distributors Private Limited		2600000
Total		6979389

Equity Share Break up (Percentage of Total Equity)

AS ON 27.09.2014

Category	Percentage
Bodies corporate	86.92
Directors or relatives of Directors	13.05
Other top fifty shareholders	0.03
Total	100.00

BUSINESS DETAILS

Line of Business :	The subject is engaged in beneficiation of coal on behalf of various plant/ Industries.

Products :	Transportation Marble Mining and Production Thermal Power Plants Dental and Engineering Colleges etc.

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :	Not Divulged

Terms :
Selling :	Cash and Credit (30,60,90 Days)

Purchasing :	Cash and Credit (30,60,90 Days)

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

End Users and OEMs

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

No. of Employees :

200 (Approximately)

Bankers :

Banker Name	Axis Bank Limited
Branch Address	Rama Trade Centre, Opposite Rajiv Plaza, Near Bus Stand, Bilaspur, Bilaspur - 495001, Chhattisgarh, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2015	As on 31.03.2014
LONG TERM BORROWINGS
Term loans from banks [Hypothecation of Land]	NA	7.114
Other loans and advances [Hypothecation of Vehicle ]	NA	7.191
SHORT TERM BORROWING
Term loans from banks [Hypothecation of Land and entire assets and current assets]	NA	50.633
Total	NA	64.938

Auditors :
Name :	Shweta Mazumdar and Company Chartered Accountants
Address :	Link Road Bilaspur, Chhatishgarh, India
PAN N Income-tax PAN of auditor or auditor's firm :	AILPM5119P

Memberships :	Not Available

Collaborators :	Not Available

Relatives of Key management personnel:	Arihant Coal Traders, Traders Eva Fues Private Limited Inspire Industries Private Limited Ins P Ire Medical And Education Co Private Limited Mahavir Coal Resources Private Limited Mahavir Global Coal Limited

CAPITAL STRUCTURE

AS ON 27.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

10000000	Equity Shares	Rs.10/- each	Rs.100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

6979389	Equity Shares	Rs.10/- each	Rs.69.793 Million

As on 31.03.2015

Authorised Capital : Not Available

Issued, Subscribed & Paid-up Capital : Rs.70.993 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013

I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	70.993	69.793	44.993
(b) Reserves & Surplus	154.794	90.020	70.635
(c) Money received against share warrants	0.000	0.000	0.000

(2) Share Application money pending allotment	12.750	0.000	12.000
Total Shareholders’ Funds (1) + (2)	238.537	159.813	127.628

(3) Non-Current Liabilities
(a) long-term borrowings	64.046	45.541	54.340
(b) Deferred tax liabilities (Net)	7.107	1.878	1.554
(c) Other long term liabilities	22.500	58.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	93.653	105.419	55.894

(4) Current Liabilities
(a) Short term borrowings	106.021	50.633	50.501
(b) Trade payables	311.571	167.313	135.082
(c) Other current liabilities	83.695	29.904	20.168
(d) Short-term provisions	23.313	0.000	0.000
Total Current Liabilities (4)	524.600	247.850	205.751

TOTAL	856.790	513.082	389.273

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	248.559	141.880	129.969
(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	1.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	5.015	2.161	3.296
Total Non-Current Assets	254.574	144.041	133.265

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	10.660	59.900	25.461
(c) Trade receivables	499.772	292.794	211.9
(d) Cash and cash equivalents	16.811	8.934	2.175
(e) Short-term loans and advances	62.954	7.883	15.245
(f) Other current assets	12.019	0.530	1.217
Total Current Assets	602.216	370.041	256.008

TOTAL	856.790	514.082	389.273

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	1721.078	1000.444	330.022
	Other Income	1.389	0.648	0.149
	TOTAL (A)	1722.467	1001.092	330.171

Less	EXPENSES
	Cost of Materials Consumed	613.581	709.292	215.917
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	49.241	(34.439)	26.776
	Employees benefits expense	22.186	16.292	7.805
	Other expenses	881.806	250.854	41.937
	TOTAL (B)	1566.814	941.999	292.435

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	155.653	59.093	37.736

Less	FINANCIAL EXPENSES (D)	34.414	11.417	11.728

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	121.239	47.676	26.008

Less/ Add	DEPRECIATION/ AMORTISATION (F)	27.743	18.699	17.536

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	93.496	28.977	8.472

Less	TAX (H)	28.723	9.593	2.618

	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	64.773	19.384	5.854

	Earnings / (Loss) Per Share (Rs.)	9.12	2.78	1.30

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	4.000	5.000
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	NA	29.125	8.472

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	3.76	1.94	1.77

Operating Profit Margin (PBIDT/Sales)	(%)	9.04	5.91	11.43

Return on Total Assets (PBT/Total Assets}	(%)	10.93	5.64	2.18

Return on Investment (ROI) (PBT/Networth)		0.39	0.18	0.07

Debt Equity Ratio (Total Debt /Networth)		0.71	0.63	0.86

Current Ratio (Current Asset/Current Liability)		1.15	1.49	1.24

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	44.993	69.793	70.993
Reserves & Surplus	70.635	90.020	154.794
Share Application money pending allotment	12.000	0.000	12.750
Net worth	127.628	159.813	238.537

long-term borrowings	54.340	45.541	64.046
Short term borrowings	50.501	50.633	106.021
Total borrowings	109.841	100.174	170.067
Debt/Equity ratio	0.861	0.627	0.713

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	330.022	1000.444	1721.078
		203.145	72.031

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	330.022	1000.444	1721.078
Profit	5.854	19.384	64.773
	1.77%	1.94%	3.76%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	Yes
17	Details of sister concerns	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	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

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2015	As on 31.03.2014
LONG TERM BORROWING
Intercorporate borrowings	NA	31.236
Total	NA	31.236

FIXED ASSETS

Tangible assets

Land
Buildings
Plant and equipment
Furniture and fixtures
Vehicles
Office equipment
Computer equipment’s

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

INFORMATION DETAILS

Information Gathered by :	PPT

Analysis Done by :	KIN

Report Prepared by :	GTA

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
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--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.

MIRA INFORM REPORT

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