MIRA INFORM REPORT

Report No. :	339657
Report Date :	10.09.2015

IDENTIFICATION DETAILS

Name :	UNIVERSAL NAVIGATION PRIVATE LIMITED
Registered Office :	815, Agarwal Cyber Plaza 4,5, 6,Netaji Subhash Place, District Centre Wazirpur, Delhi - 110088
Tel. No.:	91-11-47557777
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	17.09.2003
Com. Reg. No.:	55-122284
Capital Investment / Paid-up Capital :	Rs. 0.200 Million
CIN No.: [Company Identification No.]	U63012DL2003PTC122284
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELU03414F
PAN No.: [Permanent Account No.]	AAACU6513F
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged into providing logistic services
No. of Employees :	14 (Approximately)

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 9700
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 2003, It is established company having moderate track record. As management failed to file the financial documents for the year ended 31.03.2014 to statutory authorities. And the documents are not been available from any sources. The rating assigned take into account on company small scale of operational and moderate financial risk profile, small net worth base and leveraged balance sheet profile of the company. The above constrained outweigh the comfort drawn from experience of the promoters in the shipping business and established track record of its business. However, trade relations are fair. Business is active. Payments term are slow but correct. The company can be considered for business dealings with some cautions.

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 31-03-2013.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Bhagat Singh
Designation :	Operational Department
Contact No.:	91-11-47557777
Date :	07.09.2015

LOCATIONS

Registered Office :	815, Agarwal Cyber Plaza 4,5, 6,Netaji Subhash Place, District Centre Wazirpur, Delhi - 110088, India
Tel. No.:	91-11-47557777
Mobile No.:	91-9810117714 (Mr. Brijender)
Fax No.:	91-11-27356043
E-Mail :	info@uni-nav.com rajdhani222@gmail.com ca@sureshsant.com
Website :	http://uni-nav.com

DIRECTORS

As on 30.09.2013

Name :

Mr. Brijender Singh

Designation :

Director

Address :

131 II Floor TP Block, Maurya Enclave Pitampura, New Delhi - 110034, India

Date of Birth/Age :

24.04.1975

Date of Appointment :

17.09.2003

DIN No.:

01228966

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	U63012DL2003PTC122284	UNIVERSAL NAVIGATION PRIVATE LIMITED	Director	17/09/2003	17/09/2003	-	Active	NO
2	U51101DL2014PTC269093	ALPHA INTERTRADE PRIVATE LIMITED	Director	18/07/2014	18/07/2014	-	Active	NO
3	U51101DL2014PTC269099	MACNES GENERAL TRADING PRIVATE LIMITED	Director	18/07/2014	18/07/2014	22/08/2015	Active	NO
4	U51909DL2014PTC269318	SHEEN TRADEVISION PRIVATE LIMITED	Director	23/07/2014	23/07/2014	-	Active	NO

Name :

Mr. Prashant Sethi

Designation :

Director

Address :

208, Block SD, Pitampura, Delhi - 110034, India

Date of Birth/Age :

25.04.1976

Date of Appointment :

17.09.2003

DIN No.:

00395127

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	U63012DL2003PTC122284	UNIVERSAL NAVIGATION PRIVATE LIMITED	Director	17/09/2003	17/09/2003	-	Active	NO
2	U51909DL2001PTC113138	VERSA EXPORTS PRIVATE LIMITED	Director	15/06/2006	15/06/2006	29/07/2011	Active	NO
3	U51909DL2007PTC160194	KARGIL IMPEX PRIVATE LIMITED	Director	06/03/2007	06/03/2007	-	Active	NO
4	U45400DL2007PTC171016	NEELGAGAN BUILDWELL PRIVATE LIMITED	Director	16/03/2015	06/12/2007	-	Active	NO
5	U52512DL2007PTC160193	ALLIED IMPEX PRIVATE LIMITED	Additional director	01/10/2009	01/10/2009	08/10/2012	Active	NO
6	U72200DL2011PTC218646	GREENTEX FIBERS PRIVATE LIMITED	Director	05/05/2011	05/05/2011	19/12/2013	Active	NO
7	U51433DL2011PTC228170	LOYALTY IMPEX PRIVATE LIMITED	Director	01/12/2011	01/12/2011	01/08/2012	Active	NO
8	L17120DL1984PLC018729	Fiber Plus Industries Limited	Director	29/09/2012	21/12/2011	29/11/2012	Active	NO
9	U17291DL2010PTC199874	THE FIBER PLUS INDIA PRIVATE LIMITED	Director	29/09/2012	22/02/2012	21/10/2012	Amalgamated	NO
10	U51909DL2012PTC234168	LOYALTY EXIM PRIVATE LIMITED	Director	10/04/2012	10/04/2012	-	Active	NO
11	U17291UP2012PLC049535	SITARGANJ FIBERS LIMITED	Director	12/08/2013	17/05/2013	-	Active	NO
12	U51101DL2014PTC269099	MACNES GENERAL TRADING PRIVATE LIMITED	Director	18/07/2014	18/07/2014	22/08/2015	Active	NO
13	U51101DL2014PTC269093	ALPHA INTERTRADE PRIVATE LIMITED	Director	18/07/2014	18/07/2014	-	Active	NO
14	U51909DL2014PTC269318	SHEEN TRADEVISION PRIVATE LIMITED	Director	23/07/2014	23/07/2014	-	Active	NO
15	U17120MH1989PLC051850	TRIPLE 'A' OVERSEAS LIMITED	Additional director	21/01/2015	21/01/2015	-	Active	NO
16	U74900DL2015PLC281722	Srikaya Health Institute Limited	Director	18/06/2015	18/06/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Bhagat Singh
Designation :	Operational Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares	%age holding
Prashant Sethi	10005	50.00
Brijender Singh	10005	50.00
Total	20010	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged into providing logistic services
Products/Service :	Logistic Services
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cash, Credit and Cheque
Purchasing :	Cash, Credit and Cheque

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

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 :

14 (Approximately)

Bankers :

Axis Bank Limited , Pitampura, Delhi, India

Bank Name	HDFC Bank Limited
Branch	Addarsh Nagar, Delhi, 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 31.03.2013	As on 31.03.2012
LONG TERM BORROWING
Term Loan
From Bank	0.242	0.000
From Other
SHORT TERM BORROWING
Working capital Borrowing	7.834	7.467
Total	8.076	7.467

Auditors :
Name :	Suresh Singhal Chartered Accountants
Address :	811-8121, Aggarwal Cyber Plaza-1, Netaji Subhash Place, Pitampura, New Delhi - 110034, India
Mobile No.:	91-9810130465
Fax No.:	91-11-42470060
PAN N Income-tax PAN of auditor or auditor's firm :	AAAPS7729L
Memberships :	--
Collaborators :	--
Enterprises over which Key Management Personal and their relative exercise significant influence and with whom transaction have taken place during the year :	Allied Impex Private Limited Universal Trading Company

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
20010	Equity Shares	Rs.10/- each	Rs. 0.200 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.200	0.200	0.200
(b) Reserves & Surplus	2.097	1.309	0.593
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	1.124	1.124	1.124
Total Shareholders’ Funds (1) + (2)	3.421	2.633	1.917
(3) Non-Current Liabilities
(a) long-term borrowings	0.242	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)	0.242	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	11.366	11.294	4.953
(b) Trade payables	16.382	9.389	7.946
(c) Other current liabilities	16.298	18.543	14.966
(d) Short-term provisions	0.223	0.191	0.181
Total Current Liabilities (4)	44.269	39.417	28.046
TOTAL	47.932	42.050	29.963
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.991	0.658	0.638
(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)	0.085	0.095	0.099
(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	1.076	0.753	0.737
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	8.797	7.033	5.153
(d) Cash and cash equivalents	0.503	0.865	5.074
(e) Short-term loans and advances	37.537	33.360	18.970
(f) Other current assets	0.019	0.039	0.029
Total Current Assets	46.856	41.297	29.226
TOTAL	47.932	42.050	29.963

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	30.015	32.354	32.871
	Other Income	0.068	0.229	0.245
	TOTAL	30.083	32.583	33.116
Less	EXPENSES
	Purchases of Stock-in-Trade	5.040	5.193	4.043
	Freight Benefit Expenses	20.240	22.700	25.228
	Employees benefits expense	1.199	1.025	0.905
	Other expenses	1.063	1.228	1.366
	TOTAL	27.542	30.146	31.542
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	2.541	2.437	1.574
Less	FINANCIAL EXPENSES	1.200	1.152	0.426
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	1.341	1.285	1.148
Less/ Add	DEPRECIATION/ AMORTISATION	0.164	0.198	0.189
	PROFIT/ (LOSS) BEFORE TAX	1.177	1.087	0.959
Less	TAX	0.389	0.371	0.328
	PROFIT/ (LOSS) AFTER TAX	0.788	0.716	0.631
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	1.309	0.593	-0.038
	Balance Carried to the B/S	2.097	1.309	0.593
	Earnings / (Loss) Per Share (Rs.)	78.85	71.58	63.12

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2013	31.03.2012	31.03.2011
Current Maturities of Long term debt	N.A	N.A	N.A
Cash generated from operations	N.A	N.A	N.A
Net cash flow from operating activity	N.A	N.A	N.A

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT / Sales)	(%)	2.63	2.21	1.92
Operating Profit Margin (PBIDT/Sales)	(%)	8.47	7.53	4.79
Return on Total Assets (PBT/Total Assets}	(%)	2.46	2.59	3.21
Return on Investment (ROI) (PBT/Networth)		0.34	0.41	0.50
Debt Equity Ratio (Total Debt /Networth)		3.39	4.29	2.58
Current Ratio (Current Asset/Current Liability)		1.06	1.05	1.04

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	0.200	0.200	0.200
Reserves & Surplus	0.593	1.309	2.097
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	1.124	1.124	1.124
Net worth	1.917	2.633	3.421
long-term borrowings	0.000	0.000	0.242
Short term borrowings	4.953	11.294	11.366
Total borrowings	4.953	11.294	11.608
Debt/Equity ratio	2.584	4.289	3.393

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	32.871	32.354	30.015
		(1.573)	(7.229)

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	32.871	32.354	30.015
Profit	0.631	0.716	0.788
	1.92%	2.21%	2.63%

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	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	No
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	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

NOTE: Registered office of the company has been shifted from 65-C, J Block, Phase -I, Ashok Vihar, Delhi - 110052, India to the present address

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2013	As on 31.03.2012
SHORT TERM BORROWING
Other Loans and Advances
From Related Parties	3.432	3.817
From Other Parties	0.100	0.010
Total	3.532	3.827

INDEX OF CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10255208	30/05/2011 *	7,500,000.00	ORIENTAL BANK OF COMMERCE	THAPAR BUILDING, NAYA BAZAR, DELHI, Delhi - 110006, INDIA	B17116633
2	10039227	09/02/2007	5,500,000.00	ORIENTAL BANK OF COMMERECE	THAPAR BUILDING, NAYA BAZAR, DELHI, Delhi - 110006, INDIA	A11475548

FIXED ASSETS

• Computer
• Laptop
• Machinery
• Telephone
• Cellular Phone
• Vehicles

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.66.29
UK Pound	1	Rs.101.88
Euro	1	Rs.73.98

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	KSH
Report Prepared by :	RKI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
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	2
--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	YES
--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.