MIRA INFORM REPORT

Report No. :	344905
Report Date :	21.10.2015

IDENTIFICATION DETAILS

Name :	SIMTRAD OVERSEAS PRIVATE LIMITED
Registered Office :	501, Alankar Point, Geeta Bhavan Square, A. B. Road, Indore - 452001, Madhya Pradesh
Tel. No.:	91-731-2490072
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	28.09.2005
Com. Reg. No.:	10-026523 (New) 10-017987 (Old)
Capital Investment / Paid-up Capital :	Rs. 11.000 Million
CIN No.: [Company Identification No.]	U51109MP2005PTC026523 (New) U51109MP2005PTC017987 (Old)
IEC No.:	1109001185
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AALCS8667F
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Importer of Plastic Granules and Dry Fruits
No. of Employees :	Approximately (6 In Office)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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 Behavior :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company incorporated in the year 2005 having satisfactory track. Management of the company has not filed its financial with the government department after the year 2010. Moreover, Mr. Pankaj Kumar Patodi (Director) provided information and also provided audited financial for the year 2013-14. As per the available financial, profit margin of the company is low. However, networth position is satisfactory. Liquidity position of the company is fair. General financial position of the company is normal and acceptable for business dealings. The rating also takes into consideration favorable gap between trade payables and trade receivables. Trade relations are reported as fair. Business is active. Payments terms are reported as usually correct and as per commitment. 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

NOT AVAILABLE

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Pankaj Kumar Patodi
Designation :	Director
Contact No.:	91-9977500630
Date :	19.10.2015

LOCATIONS

Registered Office :	501, Alankar Point, Geeta Bhavan Square, A. B. Road, Indore - 452001, Madhya Pradesh, India
Tel. No.:	91-731-2490072
Mobile No.:	91-9977500630 (Mr. Pankaj Kumar Patodi)
Fax No.:	Not Available
E-Mail :	info@simtradoverseas.com sales@simtradoverseas.com
Website :	http://simtradoverseas.com
Location :	Owned
Locality :	Commercial
Godown :	509/1/8, M.R. 9 Road, Indore – 452009, Madhya Pradesh, India
Location :	Owned
Locality :	Commercial

DIRECTORS

AS ON 31.03.2015

Name :

Mr. Abhay Gupta

Designation :

Director

Address :

11, Janki Nagar, NX, Indore – 452001, Madhya Pradesh, India

Date of Birth/Age :

16.10.1983

Qualifications :

Graduate

Experience :

10 Years

Date of Appointment :

20.02.2008

DIN No.:

00113060

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	U99999MH1995PTC120409	DIAMOND CRYSTAL PRIVATE LIMITED	Director	20/08/2003	20/08/2003	-	Active	NO
2	U27101MH2005PLC167205	ACCUMAX STEELS LIMITED	Director	18/03/2005	18/03/2005	30/03/2007	Active	YES
3	U45309MP2004PTC016357	VINO INFRATECH PRIVATE LIMITED	Director	30/09/2006	30/09/2006	-	Active	NO
4	U85199MH2001PTC130534	EARAWAT STEELS PRIVATE LIMITED	Director	01/10/2006	01/10/2006	-	Active	NO
5	U13209MH2006PTC166297	CHIRON METCO Private Limited	Director	18/12/2006	18/12/2006	-	Active	NO
6	U67120MH2005PTC158393	MAHAGANPATI INVESTMENT PRIVATE LIMITED	Director	08/03/2007	08/03/2007	07/11/2014	Active	NO
7	U45200MP2007PTC019355	AGT MERCANTILE PRIVATE LIMITED	Director	16/03/2007	16/03/2007	-	Active	NO
8	U73100MP2003PTC015817	UJJAI ESTATES PRIVATE LIMITED	Director	25/08/2007	25/08/2007	30/03/2012	Active	NO
9	U35300MP2007PTC019821	FASTRACK AVIATION PRIVATE LIMITED	Director	14/09/2007	14/09/2007	-	Active	NO
10	U51109MP2005PTC026523	SIMTRAD OVERSEAS PRIVATE LIMITED	Director	20/02/2008	20/02/2008	-	Active	NO
11	U80221MH2004PTC192692	BRAINSMITHS EDUCATION PRIVATE LIMITED	Director	30/09/2008	14/09/2008	05/06/2011	Active	NO
12	U25200MP2003PTC015694	Divya Jyotijeevan Plastic Private Limited	Director	31/10/2008	31/10/2008	26/02/2010	Active	NO
13	U51909MH2007PTC168375	KANAK FAIRDEAL (INDIA) PRIVATE LIMITED	Director	26/04/2011	26/04/2011	03/10/2013	Active	NO
14	U24120MP2011PTC026104	VIRAT TRADECORP PRIVATE LIMITED	Director	01/06/2011	01/06/2011	18/01/2014	Active	NO
15	U24120MP2011PTC026110	VIRAT FERTILIZER PRIVATE LIMITED	Director	02/06/2011	02/06/2011	-	Strike off	NO
16	U51900MP2011PTC026530	SIMTRAD TRADELINK PRIVATE LIMITED	Director	05/08/2011	05/08/2011	-	Strike off	NO
17	U51900MP2013PTC030878	PUZO IMPEX PRIVATE LIMITED	Director	04/06/2013	04/06/2013	02/01/2014	Active	NO
18	U51909MH1995PTC090204	RAJRATAN EXPORTS Private LIMITED	Director	01/01/2014	01/01/2014	-	Active	NO
19	U63090MP1994PTC008037	PARENTERAL COMMERCIAL SERVICES PRIVATE LIMITED	Director	30/09/2014	01/09/2014	-	Active	NO
20	U24230MH2012PTC245081	Infutec Healthcare (TN) Private Limited	Additional director	01/10/2014	01/10/2014	30/09/2015	Active	NO
21	U51900MH1998PTC160561	ANITAS EXPORTS Private LIMITED	Additional director	04/10/2014	04/10/2014	-	Active	NO
22	U67120MH2007PTC174186	ANITAS MANAGEMENT PRIVATE LIMITED	Additional director	04/10/2014	04/10/2014	-	Active	NO
23	AAA-0110	AVG TRADELINK LLP	Designated Partner	11/08/2009	11/08/2009	-	Active	NO

Name :

Mr. Pankaj Kumar Patodi

Designation :

Director

Address :

410, B. G. Residency, Shiv Moti Nagar, Indore, Madhya Pradesh, India

Date of Birth/Age :

06.03.1983

Qualifications :

Chartered Accountant

Experience :

8 Years

Date of Appointment :

14.03.2013

DIN No.:

05232730

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	U24120MP2011PTC026110	VIRAT FERTILIZER PRIVATE LIMITED	Director	01/03/2012	01/03/2012	-	Strike off	NO
2	U24120MP2011PTC026104	VIRAT TRADECORP PRIVATE LIMITED	Director	01/03/2012	01/03/2012	18/01/2014	Active	NO
3	U51109MP2005PTC026523	SIMTRAD OVERSEAS PRIVATE LIMITED	Director	14/03/2013	14/03/2013	-	Active	NO
4	U51900MP2013PTC030878	PUZO IMPEX PRIVATE LIMITED	Director	04/06/2013	04/06/2013	-	Active	NO

MAJOR SHAREHOLDERS

AS ON 31.03.2014

Names of Shareholders	No. of Shares	% of Share Holding
Abhay Gupta	1049918	100.00

BUSINESS DETAILS

Line of Business :	Trader and Importer of Plastic Granules and Dry Fruits (All Polymer)
Products :	· Polyethylene (PE) · Polypropylene (PP) · Pet Pvc Styrenes · Rice · Dryfruit · Bitumen · Gamet Sand
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :
Products :	Raw Material
Countries :	· Dubai · South Korea · United States of America
Terms :
Selling :	L/C and Credit (90 Days)
Purchasing :	L/C and Credit (90 Days)

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :

L G Chemical Limited (South Korea)

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Three Years

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behavior	Market Goodwill	Overall
Excellent	Excellent	Excellent

Remark:

Not Divulged

Customers :

Wholesalers

Reference :

Virat Tradecorp Private Limited

Name of the Person :

Mr. Anant Bomba (Manager)

Contact No.:

91-9981137765

Since How Long Known :

Six Years

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behavior	Market Goodwill	Overall
Good	Good	Good

Remark:

They gave us positive response about subject company they are satisfied with their product quality and delivery behaviour.

No. of Employees :

Approximately (6 In Office)

Bankers :

Bank Name	Bank of Baroda
Branch	Siyaganj, Indore, Madhya Pradesh, India
Person Name (With Designation)	Anil Gupta (Assistance General Manager)
Contact Number	91-731-4077779 91-9752410647
Name of Account Holder	Simtrad Overseas Private Limited
Account Number	05020200001094
Account Since (Date/Year of Account Opening)	16.06.2010
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Satisfactory
Remarks (If any)	They gave us positive response about subject company they are satisfied with their banking transaction.

Auditors :
Name :	Mantriranjan and Assoiates Chartered Accountants
Address :	Manas Bhawan, Indore, Madhya Pradesh, India
Tel no.:	91-731-2511130
Email :	sourabh@mantrirajan.com
Memberships :	-----
Collaborators :	-----
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1210000	Equity Shares	Rs.10/- each	Rs. 12.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1100018	Equity Shares	Rs.10/- each	Rs. 11.000 Million

FINANCIAL DATA

[All figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	11.000	11.000
(b) Reserves & Surplus	55.486	54.231
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	66.486	65.231
(3) Non-Current Liabilities
(a) long-term borrowings	54.952	20.617
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	54.952	20.617
(4) Current Liabilities
(a) Short term borrowings	13.380	0.115
(b) Trade payables	186.904	101.295
(c) Other current liabilities	0.000	0.000
(d) Short-term provisions	1.848	1.722
Total Current Liabilities (4)	202.132	103.132
TOTAL	323.570	188.980
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	14.139	14.302
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.071	0.076
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	14.210	14.378
(2) Current assets
(a) Current investments
(b) Inventories	36.362	21.055
(c) Trade receivables	215.872	78.596
(d) Cash and cash equivalents	2.728	24.749
(e) Short-term loans and advances	34.369	48.209
(f) Other current assets	20.029	1.993
Total Current Assets	309.360	174.602
TOTAL	323.570	188.980

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014		31.03.2013
	SALES
	Income	481.618		419.731
	Other Income	4.289		2.032
	TOTAL	485.907		421.763
Less	EXPENSES
	Purchases of Stock-in-Trade	442.070		412.136
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(15.307)		(21.055)
	Employees benefits expense	0.636		1.900
	Other expenses	55.852		25.948
	TOTAL	483.251		418.929
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	2.656		2.834
Less	FINANCIAL EXPENSES	0.599		0.156
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	2.057		2.678
Less/ Add	DEPRECIATION/ AMORTISATION	0.163		0.134
	PROFIT/ (LOSS) BEFORE TAX	1.894		2.544
Less	TAX	0.638		0.804
	PROFIT/ (LOSS) AFTER TAX	1.256		1.740
	Earnings / (Loss) Per Share (Rs.)	1.72		2.33
Particulars			31.03.2015
Sales Turnover (Approximately)			580.030

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	0.26	0.41
Operating Profit Margin (PBIDT/Sales)	(%)	0.55	0.68
Return on Total Assets (PBT/Total Assets}	(%)	0.59	1.35
Return on Investment (ROI) (PBT/Networth)		0.03	0.04
Debt Equity Ratio (Total Debt /Networth)		1.03	0.32
Current Ratio (Current Asset/Current Liability)		1.53	1.69

FINANCIAL ANALYSIS

[All figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Share Capital	11.000	11.000
Reserves & Surplus	54.231	55.486
Net worth	65.231	66.486
long-term borrowings	20.617	54.952
Short term borrowings	0.115	13.380
Total borrowings	20.732	68.332
Debt/Equity ratio	0.318	1.028

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	419.731	481.618
		14.744

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	419.731	481.618
Profit	1.740	1.256
	0.41%	0.26%

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	No
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	No
18	Major suppliers	Yes
19	Major customers	Yes
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 two 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	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	10263518	07/09/2013 *	180,000,000.00	BANK OF BARODA	SIYAGANJ BRANCH, INDORE - 452001, MADHYA PRADESH, INDIA	B84381284

* Date of charge modification

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 :	PRT
Analysis Done by :	DIV
Report Prepared by :	SANS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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 unfavorable 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.