MIRA INFORM REPORT

Report No. :	346773
Report Date :	26.10.2015

IDENTIFICATION DETAILS

Name :	SHRI SOURAB SAGAR TRADING COMPANY PRIVATE LIMITED
Registered Office :	C-2/314, Janakpuri, New Delhi – 110058
Mobile No.:	91-9896390012 (Mr. Ajay)
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	14.03.2012
Com. Reg. No.:	55-232812
Capital Investment / Paid-up Capital :	Rs.7.600 Million
CIN No.: [Company Identification No.]	U45401DL2012PTC232812
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and supplier of building and decorative material.
No. of Employees :	15 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a relatively new company having moderate track record. Management of the company has failed to file its latest financials for the year 2014 to the government department. However, from the available financials of the year 2013, Reserves of the company is low as the company has earned small profile from its operations. However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct. 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

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. Ajay Kumar
Designation :	Director
Contact No.:	91-9896390012
Date :	24.10.2015

LOCATIONS

Registered Office / Warehouse :	C-2/314, Janakpuri, New Delhi – 110058, India
Tel. No.:	Not Available
Mobile No.:	91-9896238124 (Mr. Sanat) 91-9896390012 (Mr. Ajay)
Fax No.:	Not Available
E-Mail :	pkjain211@yahoo.co.in shrisourabsagar@gmail.com

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Ajay Kumar

Designation :

Director

Address :

Goel Cement Store, Railway Road, Ganaur Mandi, Sonipat - 131001, Haryana, India

Date of Birth/Age :

06.07.1975

Date of Appointment :

14.03.2012

DIN No. :

02333300

Other Directorship :

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U74120DL2008PTC183979	Estelle Business Solutions private Limited	Director	06/10/2008	06/10/2008	Strike off	NO
2	U45401DL2012PTC232812	Shri Sourab Sagar Trading Co. Private Limited	Director	14/03/2012	14/03/2012	Active	NO
3	U45400DL2012PTC243950	Swastik Cladding Private Limited	Director	23/10/2012	23/10/2012	Active	NO

Name :

Ms. Kusum Jain

Designation :

Director

Address :

H. No. 383/9, Jain Gali, Ganaur Mandi, Sonipat - 131001, Haryana, India

Date of Birth/Age :

15.03.1978

Date of Appointment :

14.03.2012

DIN No. :

05203034

MAJOR SHAREHOLDERS

AS ON 30.09.2013

Names of Shareholders	No. of Shares	% of Holding
Ajay Kumar	255000	33.55
Kusum Jain	505000	66.45
Total	760000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2013

Category	Percentage
Directors or relatives of Directors	100.00

BUSINESS DETAILS

Line of Business :	Trader and supplier of building and decorative material.
Products :	Bricks Sand Store Marble Refectories China Wares Cement Building or Decorative Material
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cheque
Purchasing :	Cheque

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Company Name :	Amit Group
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 :

Wholesalers

Company Name :	Pratibha Industries Limited
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

• L and T

No. of Employees :

15 (Approximately)

Bankers :

Banker Name :	Karnataka Bank Limited
Branch :	Ganaur, Sonipat – 131001, Haryana, 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 :	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan) :	Not Divulged
Account Operation :	Not Divulged
Remark :	Not Divulged

Auditors :
Name :	Pawan Shyam Jain and Company Chartered Accountants
Address :	211, Amber Tower, Commercial Complex, Azadpur, Delhi – 110033, India
Tel. No.:	91-11-27682369 / 27682714
Mobile No.:	91-11-27682714
PAN No.:	ADLPJ7888B
Memberships :	Not Divulged
Collaborators :	Not Divulged
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
760000	Equity Shares	Rs.10/- each	Rs.7.600 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	7.600	0.100
(b) Reserves & Surplus	0.446	(0.009)
(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)	8.046	0.091
(3) Non-Current Liabilities
(a) long-term borrowings	1.400	0.000
(b) Deferred tax liabilities (Net)	0.001	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	1.401	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	28.898	0.000
(c) Other current liabilities	0.000	0.000
(d) Short-term provisions	1.546	0.004
Total Current Liabilities (4)	30.444	0.004
TOTAL	39.891	0.095
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.049	0.000
(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)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	0.049	0.000
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.395	0.000
(c) Trade receivables	28.103	0.000
(d) Cash and cash equivalents	10.370	0.079
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	0.974	0.016
Total Current Assets	39.842	0.095
TOTAL	39.891	0.095

PROFIT & LOSS ACCOUNT

Particulars	31.03.2013	31.03.2012
Net Profit/Loss for the year	0.492	(0.009)

Particulars	31.03.2015	31.03.2014
Sales Turnover (Approximately)	400.000	NA

Expected Sales (2015-2016): Rs.450.000 million

The above information has been parted by Mr. Ajay

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA
Cash generated from operations	NA	NA
Net cash flow from (used in) operations	NA	NA

KEY RATIOS

PARTICULARS	31.03.2013	31.03.2012
Debt Equity Ratio (Total Debt /Networth)	0.17	0.00
Current Ratio (Current Asset/Current Liability)	1.31	23.75

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	Rs. In Million	Rs. In Million
Share Capital	0.100	7.600
Reserves & Surplus	(0.009)	0.446
Net worth	0.091	8.046
long-term borrowings	0.000	1.400
Short term borrowings	0.000	0.000
Total borrowings	0.000	1.400
Debt/Equity ratio	0.000	0.174

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	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	No
26	Turnover of firm for last one year	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
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

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Million	31.03.2012 Rs. In Million
Long Term Borrowings
From Other Parties	1.400	0.000
Total	1.400	0.000

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10509738	24/06/2014	10,000,000.00	KARNATAKA BANK LTD.	GANAUR, SONIPAT, HARYANA - 131001, INDIA	C11831906
2	10500718	08/05/2014	2,970,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	C05442090
3	10482987	01/02/2014	5,000,000.00	THE KARNATAKA BANK LIMITED	GANAUR, HARYANA, HARYANA - 131101, INDIA	B98639123
4	10454863	24/09/2013	30,000,000.00	KARNATAKA BANK LIMITED	GANAUR, SONIPAT, HARYANA - 131001, INDIA	B87472692

*Date of modification Charges

FIXED ASSETS:

· Furniture

· Plant and Machinery

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.64.88
UK Pound	1	Rs.99.89
Euro	1	Rs.72.06

INFORMATION DETAILS

Information Gathered by :	SPR
Analysis Done by :	KIN
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--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		26

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.