MIRA INFORM REPORT

Report No. :	341845
Report Date :	22.09.2015

IDENTIFICATION DETAILS

Name :	PRADEEP TRANSCORE PRIVATE LIMITED
Registered Office :	5A, Jondhwal, Teliarganj, Allahabad – 211004, Uttar Pradesh
Tel. No.:	91-532-2545785
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	28.03.2005
Com. Reg. No.:	20-029704
Capital Investment / Paid-up Capital :	Rs.49.200 Million
CIN No.: [Company Identification No.]	U29120UP2005PTC029704
IEC No.:	0606004858
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AADCP5364J
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Power and Distribution Transformers.
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 229000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 2005. It is an established company having moderate track. The rating takes into account on company small scale of operations, decline in operating income during FY2014 and its moderate financial profile characterized by low profitability, albeit an improvement in its capital structure. However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct. In view of experienced promoter, 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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Sandeep Kumar Giri
Designation :	Director
Contact No.:	91-9919050603
Date :	19.09.2015

LOCATIONS

Registered Office :	5A, Jondhwal, Teliarganj, Allahabad – 211004, Uttar Pradesh, India
Tel. No.:	Not Available
Mobile No.:	91-9919050603 (Mr. Sandeep Kumar Giri)
Fax No.:	Not Available
E-Mail :	ashokushajainco@gmail.com pradeep_transcore@rediffmail.com pradeeptranscore@yahoo.com contact@pradeeptranscore.in
Website :	http://www.pradeeptranscore.in
Location :	Owned
Locality :	Commercial
Factory :	G-40, 41, 48 and H-20, UPSIDC Industrial Area, Naini, Allahabad - 211010, Uttar Pradesh, India
Tel. No.:	91-532-2545785
Fax No.:	91-532-2687611

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Harish Chandra Giri

Designation :

Managing director

Address :

8E/1I/1 Sheo Kuti, Teliarganj, Allahabad-211004, Uttar Pradesh, India

Date of Birth/Age :

01.01.1955

Date of Appointment :

28.06.2013

DIN No.:

00922945

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	U29120UP2005PTC029704	PRADEEP TRANSCORE PRIVATE LIMITED	MANAGING DIRECTOR	28/06/2013	28/03/2005	-	ACTIVE	NO

Name :

Mrs. Shail Kumari

Designation :

Whole-time director

Address :

8E/1I/1, Sheo Kuti, Teliarganj, Allahabad - 211004, Uttar Pradesh, India

Date of Birth/Age :

01.07.1965

Date of Appointment :

28.03.2005

DIN No.:

00976858

Name :

Mr. Pradeep Kumar Giri

Designation :

Director

Address :

8E/1I/1 Shivkuti,, Teliyerganj, Allahabad - 211004, Uttar Pradesh, India

Date of Birth/Age :

01.02.1986

Date of Appointment :

30.09.2013

DIN No.:

05210071

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	U74120UP2012PTC049264	S K INTERTRADE PRIVATE LIMITED	DIRECTOR	07/03/2012	07/03/2012	-	ACTIVE	NO
2	U29120UP2005PTC029704	PRADEEP TRANSCORE PRIVATE LIMITED	DIRECTOR	30/09/2013	28/06/2013	-	ACTIVE	NO
3	U15122UP2015PTC069875	S K NATURAL FOODS PRIVATE LIMITED	DIRECTOR	30/03/2015	30/03/2015	-	ACTIVE	NO

Name :

Mr. Sandeep Kumar Giri

Designation :

Director

Address :

8E/1I/1 Shivkuti, Teliyerganj, Allahabad - 211004, Uttar Pradesh, India

Date of Birth/Age :

10.10.1990

Date of Appointment :

30.09.2013

DIN No.:

05210078

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	U74120UP2012PTC049264	S K INTERTRADE PRIVATE LIMITED	DIRECTOR	07/03/2012	07/03/2012	-	ACTIVE	NO
2	U29120UP2005PTC029704	PRADEEP TRANSCORE PRIVATE LIMITED	DIRECTOR	30/09/2013	28/06/2013	-	ACTIVE	NO
3	U15122UP2015PTC069875	S K NATURAL FOODS PRIVATE LIMITED	DIRECTOR	30/03/2015	30/03/2015	-	ACTIVE	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Shail Kumari	831000	16.89
Harish Chandra Giri	2219700	45.12
Pradeep Kumar Giri	504300	10.25
Sandeep Kumar Giri	220000	4.47
Priyanka Giri	1145000	23.27
Total	4920000	100.00

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 :	Manufacturer of Power and Distribution Transformers.
Products:	Power and Distribution Transformers
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :
Products :	Raw Material
Countries :	Japan
Terms :
Selling :	Cash and Credit (30 days / 60 days / 90 days)
Purchasing :	Cash and Credit (30 days / 60 days / 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 :	Alstom
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

• BHEL
• Crompton Greaves
• Schneider Electric

No. of Employees :

100 (Approximately)

Bankers :

Bank Name	Canara Bank
Branch	Civil Lines Branch, 16 M.G. Marg, Civil Lines, Allahabad - 211001, Uttar Pradesh, 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)	Cash Credit : Rs. 180.000 Million
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

State Bank of India, Allahabad - 211004, Uttar Pradesh, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Term loans
Canara Bank – Term Loans (3332)	11.252	13.420
Canara Bank – Term Loans (3321)	28.503	34.350
Canara Bank – Term Loans (3327)	6.067	6.980
(Secured by hypothecation of Plant and Machinery)
Short-term borrowings
Loans repayable on demand
Canara Bank – Cash Credit (Secured by hypothecation of stock and Book Debts)	56.113	19.328
Total	101.935	74.078

Auditors :
Name :	Ashok Usha Jain and Company Chartered Accountants
Address :	171, Janki Bhawan, Old Katra, Allahabad – 211002, Uttar Pradesh, India
Tel. No.:	91-532-2548276
Mobile No.:	91-9415324124
PAN No.:	ACBPJ0720H
Memberships :	--
Collaborators :	---
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
5,000,000	Equity Shares	Rs.10/- each	Rs.50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4,920,000	Equity Shares	Rs.10/- each	Rs.49.200 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	49.200	40.000	19.265
(b) Reserves & Surplus	30.980	30.797	20.204
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	6.000
Total Shareholders’ Funds (1) + (2)	80.180	70.797	45.469
(3) Non-Current Liabilities
(a) long-term borrowings	55.968	55.880	50.184
(b) Deferred tax liabilities (Net)	2.945	3.089	2.279
(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)	58.913	58.969	52.463
(4) Current Liabilities
(a) Short term borrowings	56.113	19.328	33.639
(b) Trade payables for raw material	26.971	52.431	35.164
Trade payables for others	13.342	11.377	0.000
(c) Other current liabilities	1.139	0.808	0.041
(d) Short-term provisions	3.239	8.171	6.320
Total Current Liabilities (4)	100.804	92.115	75.164
TOTAL	239.897	221.881	173.096
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	90.573	95.458	88.874
(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	0.055	0.055	0.055
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.631	0.631	0.631
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	91.259	96.144	89.560
(2) Current assets
(a) Current investments	17.780	22.315	16.885
(b) Inventories	66.741	46.029	9.141
(c) Trade receivables	40.267	37.824	37.854
(d) Cash and cash equivalents	4.812	0.451	5.519
(e) Short-term loans and advances	19.038	19.118	14.137
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	148.638	125.737	83.536
TOTAL	239.897	221.881	173.096

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Gross Income	213.418	313.131	251.563
		[Due to Market Down]
	Other Income	NA	NA	NA
	TOTAL	NA	NA	NA
Less	EXPENSES	NA	NA	NA
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	12.179	25.709	22.192
Less/ Add	DEPRECIATION/ AMORTISATION	11.433	10.442	11.548
	PROFIT/ (LOSS) BEFORE TAX	0.746	15.267	10.644
Less	TAX	0.374	3.908	2.669
	PROFIT/ (LOSS) AFTER TAX	0.372	11.359	7.976
	Earnings / (Loss) Per Share (Rs.)	0.08	2.84	NA

Particulars	31.03.2015
Sales Turnover (Approximately)	300.000

The above information has been parted by Mr. Sandeep Kumar Giri (Director).

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) operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	0.31	6.88	6.15
Return on Investment (ROI) (PBT/Networth)		0.01	0.22	0.23
Debt Equity Ratio (Total Debt /Networth)		1.40	1.06	1.84
Current Ratio (Current Asset/Current Liability)		1.47	1.37	1.11

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	19.265	40.000	49.200
Reserves & Surplus	20.204	30.797	30.980
Share Application money pending allotment	6.000	0.000	0.000
Net worth	45.469	70.797	80.180
long-term borrowings	50.184	55.880	55.968
Short term borrowings	33.639	19.328	56.113
Total borrowings	83.823	75.208	112.081
Debt/Equity ratio	1.844	1.062	1.398

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	251.563	313.131	213.418
		24.474	(31.844)

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	251.563	313.131	213.418
Profit	7.976	11.359	0.372
	3.17%	3.63%	0.17%

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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	No
18	Major suppliers	No
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%	Yes
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

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long Term Borrowings
Loans from other parties
Areya T and D India Limited (Machine – Interest Free)	1.131	1.130
Parijaat Intertrade	0.200	0.000
Loans from Directors	8.815	0.000
Total	10.146	1.130

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10051160	09/09/2013 *	180,348,000.00	CANARA BANK	CIVIL LINES BRANCH, 16 M.G. MARG, CIVIL LINES, ALLAHABAD - 211001, UTTAR PRADESH, INDIA	B86332822

* Date of charge modification

FIXED ASSETS

• Land
• Factory Building
• Plant and Machinery
• Computer
• Motor Car

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.65.75
UK Pound	1	Rs.102.16
Euro	1	Rs.74.37

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	KAS
Report Prepared by :	SNT

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	3
--RESERVES	1~10	4
--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		29

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.