MIRA INFORM REPORT

Report No. :	342111
Report Date :	24.09.2015

IDENTIFICATION DETAILS

Name :	SHREE MAHAKALI ENTERPRISES PRIVATE LIMITED (w.e.f. 23.01.2014)
Formerly Known As :	MAHAKALI ENTERPRISES PRIVATE LIMITED
Registered Office :	House No.462B/6, Hukum Singh Road, Amritsar-143001, Punjab
Mob. No.:	91-8288093172 (Mr. Amit Mehta)
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	19.07.2013
Com. Reg. No.:	16-037748
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U52399PB2013PTC037748
IEC No.:	Not Available
TIN No.:	03082155543
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAICM7118E
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Kitchenware and Home Appliances.
No. of Employees :	30 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 2013. It is engaged in the business of trading of kitchenware and home appliances. For the financial year 2014, the company has satisfactory sales turnover along with profitability margin of 0.94%. It has huge borrowings and there is favourable gap between trade payables and receivables. Trade relations are fair. Business is active. Payments are reported to be slow but correct. The company can be considered 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. Amit Mehta
Designation :	Accounts Manager
Contact No.:	91-8288093172
Date :	22.09.2015

LOCATIONS

Registered Office :	House No.462B/6, Hukum Singh Road, Amritsar-143001, Punjab, India
Tel. No.:	Not Available
Mobile No.:	91-8288093172 (Mr. Amit Mehta) 91-9417255329 (Mr. Ratesh Sharma)
Fax No.:	Not Available
E-Mail :	mahakalienterprises_asr@yahoo.com
Location :	Owned
Locality :	Residential
Corporate Office :	White Towers, 379, M M Malviya Road, Amritsar – 143001, Punjab, India
Tel. No.:	91-183-2400024
Warehouse :	Opposite Fortis Hospital, Amritsar, Punjab, India

DIRECTORS

AS ON 30.09.2014

Name :

Mrs. Priyanka Sharma

Designation :

Director

Address :

462-B, Gali No.6, Hukam Singh Road, Amritsar-143001, Punjab, India

Date of Appointment :

19.07.2013

DIN No.:

03561405

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	U70109PB2011PTC035289	MAHAKALI COLONIZERS PRIVATE LIMITED	Whole-time director	18/07/2011	18/07/2011	Active	NO
2	U52399PB2013PTC037748	SHREE MAHAKALI ENTERPRISES PRIVATE LIMITED	Director	19/07/2013	19/07/2013	Active	NO

Name :

Mr. Ratesh Sharma

Designation :

Managing Director

Address :

462-B, Gali No.6, Hukam Singh Road, Amritsar-143001, Punjab, India

Date of Appointment :

19.07.2013

DIN No.:

03561407

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	U70109PB2011PTC035289	MAHAKALI COLONIZERS PRIVATE LIMITED	Whole-time director	18/07/2011	18/07/2011	Active	NO
2	U52399PB2013PTC037748	SHREE MAHAKALI ENTERPRISES PRIVATE LIMITED	Managing director	19/07/2013	19/07/2013	Active	NO

Name :

Mrs. Kanchan Sharma

Designation :

Director

Address :

H.No.462-B/6, Hukam Singh Road, Amritsar- 143001, Punjab, India

Date of Appointment :

19.07.2013

DIN No.:

06631996

KEY EXECUTIVES

Name :	Mr. Amit Mehta
Designation :	Accounts Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Ratesh Sharma	4000	40.00
Priyanka Sharma	4000	40.00
Kanchan Sharma	2000	20.00
Total	10000	100.00

AS ON 01.08.2015

Names of Shareholders (Allotees)	No. of Shares
Ratesh Sharma	400000
Priyanka Sharma	400000
Kanchan Sharma	200000
Total	1000000

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader of Kitchenware and Home Appliances.
Brand Names :	--
Agencies Held :	--
Exports :
Products :	--
Countries :	--
Imports :
Products :	--
Countries :	--
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Samsung India Electronics Private Limited
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

End Users

Reference:	Arora Electronics
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

· Electronics World

· Baba Nanak Electronics

· Aman Enterprises

· Amrit Electronics

· B.S Enterprises

No. of Employees :

30 (Approximately)

Bankers :

Bank Name:	Dena Bank
Branch:	Madan Mohan Malviya Road, Civil Lines Branch, Amritsar-14300, Punjab, 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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· HDFC Bank Limited

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)
LONG-TERM BORROWINGS
From Bank	28.905
Total	28.905

Banking Relations :	--
Auditors :
Name :	Nimish Nagpal and Company Chartered Accountants
Address :	4th Floor, Nagpal Towers II, District Shopping Centre, Ranjit Avenue, Amritsar- 143001, Punjab, India
Tel. No.:	91-183-2504800/ 2504801
Mobile No.:	91-9876115005
E-Mail :	nimishnagal@rsnagal.com
Income-tax PAN of auditor or auditor's firm :	AAJFN8118K
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AFTER 30.09.2014

Authorised Capital : Rs. 30.000 Million

Issued, Subscribed & Paid-up Capital : Rs. 20.000 Million

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs. 10/- each	Rs. 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100
(b) Reserves & Surplus	3.175
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	3.275
(3) Non-Current Liabilities
(a) Long-term borrowings	80.616
(b) Deferred tax liabilities (Net)	0.026
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	80.642
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	27.314
(c) Other current liabilities	3.261
(d) Short-term provisions	0.000
Total Current Liabilities (4)	30.575
TOTAL	114.492
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.785
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	0.785
(2) Current assets
(a) Current investments	6.288
(b) Inventories	51.490
(c) Trade receivables	52.131
(d) Cash and cash equivalents	2.073
(e) Short-term loans and advances	0.059
(f) Other current assets	1.666
Total Current Assets	113.707
TOTAL	114.492

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014
	SALES
		Revenue from Operation	337.040
		Other Income	NA
		TOTAL	NA
Less	EXPENSES
		TOTAL	NA
	PROFIT BEFORE TAX		NA
Less	TAX		NA
	PROFIT AFTER TAX		3.174
	Earnings Per Share (Rs.)		317.4

PARTICULARS	31.03.2015
Sales Turnover (Approximately)	620.000
	(Expansion of Business)

Expected Sales (2015-2016): Rs. 700.000 Million

The above information has been parted by Mr. Amit Mehta (Accounts Manager)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014
Current Maturities of Long term debt	NA
Cash Generated from Operations	NA
Net Cash Flow from used in Operations	NA

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT / Sales)	(%)	0.94
Debt Equity Ratio (Total Debt/Networth)		24.62
Current Ratio (Current Asset/Current Liability)		3.72

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

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	Yes
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 one year	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	10517033	23/03/2015 *	72,500,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI- 400013, MAHARASHTRA, INDIA	C49067663
2	10452746	04/09/2013	9,500,000.00	DENA BANK	MADAN MOHAN MALVIYA ROAD, CIVIL LINES, AMRITSAR- 143001, PUNJAB, INDIA	B86534815

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)
LONG-TERM BORROWINGS
Loans and advances from related parties	45.711
Other Loans and advances (Interest free from Directors)	6.000
Total	51.711

OPERATION:

The company has made Revenue from Operations of Rs 337.040 Million during the year and made a Net Profit after tax of Rs.3.174 Million during the year.

FIXED ASSETS:

Tangible Assets

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer

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. 65.97
UK Pound	1	Rs. 101.19
Euro	1	Rs. 73.38

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	AMR
Report Prepared by :	IND

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	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	4
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		42

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.