MIRA INFORM REPORT

Report No. :	342113
Report Date :	26.09.2015

IDENTIFICATION DETAILS

Name :	METRO EXPORTERS PRIVATE LIMITED
Registered Office :	Kakad Chamber, 132, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra
Tel. No.:	91-22-24916500
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	23.07.1964
Com. Reg. No.:	11-012975
Capital Investment / Paid-up Capital :	Rs. 31.129 Million
CIN No.: [Company Identification No.]	U99999MH1964PTC012975
IEC No.:	0388020598
TAN No.: [Tax Deduction & Collection Account No.]	MUMM21335G
PAN No.: [Permanent Account No.]	AABCM0349J
Legal Form :	Private Limited Liability Company
Line of Business :	Exporter, Importer, Assembling and Manufacturer of Cycles, Tricycles, Motor Cycles, Cars, Trucks, Tractors, Classis, Motors, Aeroplanes engines, Turbines, Tanks, Ships, Bodies, Tools, Implements, Accessories, Buses, Lorries and Other Materials and
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 2500000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Exist
Comments :	Subject is an old established company incorporated in the year 1964 having satisfactory track. Turnover and profit of the company has slightly declined during FY 2015. However, networth position of the company is strong. Overall financial position is healthy. Further, the rating also takes into consideration debt free balance sheet of the company and favourable gap between trade payables and trade receivables. Trade relations are reported as fair. Business is active. Payment terms are reported as usually correct and as per commitment. In view of long track record and sound financial base, 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

Rating Agency Name	ICRA
Rating	Long Term = (BBB+)
Rating Explanation	Moderate degree of safety and carry moderate credit risk
Date	May, 2015

Rating Agency Name	ICRA
Rating	Short Term = (A2+)
Rating Explanation	Strong degree of safety and carry very low credit risk
Date	May, 2015

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. Jitendra
Designation :	Vice President
Contact No.:	91-22-24916500
Date :	24.09.2015

LOCATIONS

Registered/ Corporate Office :	Kakad Chamber, 132, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India
Tel. No.:	91-22-24916500
Fax No.:	91-22-24916504/ 05/ 06
E-Mail :	kankani@metroexporters.net metro@metroexports.net admin@metroexporters.net
Website :	http://www.metroexproters.net
Warehouse 1 :	Opposite Dhandari Kalan Railway Station, G.T. Road, Ludhiana - 141010, Punjab, India
Tel. No.:	91-161-2510108/ 2510109
Fax No.:	91-161-2510110
E-Mail :	metroldh@satyam.net.in
Warehouse 2 :	Plot No. 10 to 21 and 30 to 42, G.I.D.C., Antalia, Billimora - 396325, Gujarat, India
Tel. No.:	91-2634-83972
Fax No.:	91-2634-83972
Marketing Office :	Sco-80-81, Sector-17C, Chandigarh -160017, Punjab, India
Factory 4:	8-2-588, Road No. 8, Banje Hills, Hyderabad - 500034, Telangana, India
Tel. No.:	91-40-3358742
Fax No.:	91-40-4938538
Branch Office :	Located at : · Kolkata · Hyderabad · Ludhiana · Trivandrum · New Delhi
Marketing Offices:	Located at: · Mumbai · Chandigarh · Delhi

DIRECTORS

As on 25.09.2014

Name :

Mr. Chandrasi Chatrabuj Udeshi

Designation :

Director

Address :

“Amoolya”, 195, Walkeshwar Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

27.12.1930

Date of Appointment :

01.08.1993

PAN No.:

AAAHC1115L

DIN No.:

00057240

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	U34101MH1979PTC021395	MIRA CYCLES PVT LIMITED	Director	18/06/1979	18/06/1979	-	Active	NO
2	U65990MH1981PTC025116	METRO INVESTMENTS PRIVATE LIMITED	Director	01/09/1981	01/09/1981	-	Active	NO
3	U99999MH1964PTC012975	METRO EXPORTERS PRIVATE LIMITED	Director	01/08/1993	01/08/1993	-	Active	NO
4	U99999MH1958PTC011221	HAMILTON INDUSTRIES PRIVATE LIMITED	Director	19/11/1993	19/11/1993	-	Active	NO
5	L15400GJ1992PLC018426	INTEGRATED PROTEINS LIMITED	Director	03/02/1994	03/02/1994	-	Active	NO
6	U34101MH1958PTC011216	VENUS ENGINEERING WORKS AND FOUNDRY PRIVATE LIMITED	Director	01/04/1996	01/04/1996	-	Active	NO
7	U34102MH1999PTC121746	METRO EXPORTERS (INDIA) PRIVATE LIMITED	Director	14/09/1999	14/09/1999	-	Amalgamated	NO
8	U51900WB1955NPL022644	EEPC INDIA	Director	29/09/2011	29/09/2011	-	Active	NO
9	AAB-8073	METRO CYCLE LLP	Designated Partner	10/10/2013	10/10/2013	-	Active	NO

Name :

Ms. Smita Pradip Bhatia

Designation :

Managing Director

Address :

15-B, II Palazzo, Little Gibs Road, Malabar Hill, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

01.04.1954

Date of Appointment :

01.08.1996

PAN No.:

AACPB6635N

DIN No.:

00057154

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	U34100MH1979PTC021931	SPEEDLAP CYCLE INDUSTRIES PRIVATE LIMITED	Director	18/01/1989	18/01/1989	-	Active	NO
2	U34101MH1958PTC011216	VENUS ENGINEERING WORKS AND FOUNDRY PRIVATE LIMITED	Director	01/04/1996	01/04/1996	-	Active	NO
3	U34101MH1979PTC021395	MIRA CYCLES PVT LIMITED	Director	02/04/1996	02/04/1996	-	Active	NO
4	U65990MH1981PTC025116	METRO INVESTMENTS PRIVATE LIMITED	Director	22/04/1996	22/04/1996	-	Active	NO
5	U99999MH1958PTC011221	HAMILTON INDUSTRIES PRIVATE LIMITED	Director	22/04/1996	22/04/1996	-	Active	NO
6	U99999MH1964PTC012975	METRO EXPORTERS PRIVATE LIMITED	Managing director	01/08/1996	01/08/1996	-	Active	NO
7	U34102MH1999PTC121746	METRO EXPORTERS (INDIA) PRIVATE LIMITED	Managing director	14/09/1999	14/09/1999	-	Amalgamated	NO
8	U50300MH2007PTC167260	UDESHI INTERNATIONAL PRIVATE LIMITED	Director	24/01/2007	24/01/2007	-	Active	NO
9	AAB-8073	METRO CYCLE LLP	Designated Partner	10/10/2013	10/10/2013	-	Active	NO

Name :

Mr. Pradip Lalji Bhatia

Designation :

Whole-time director

Address :

15-B, II Palazzo, Little Gibs Road, Malabar Hill, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

26.04.1953

Date of Appointment :

04.01.1983

DIN No.:

00080384

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	U99999MH1964PTC012975	METRO EXPORTERS PRIVATE LIMITED	Whole-time director	04/01/1983	04/01/1983	-	Active	NO
2	U24230MH1999PTC248306	PAKS VETERINARY DRUGS MFG CO PRIVATE LIMITED	Managing director	17/09/1999	17/09/1999	-	Active	NO
3	AAB-8347	BIOGOLD INDUSTRIES LLP	Designated Partner	22/10/2013	22/10/2013	-	Active	NO

Name :

Mr. Kuldeep Kaul

Designation :

Whole-time director

Address :

House No. 2042, Sector No. 15C, Chandigarh – 160015, Punjab, India

Date of Birth/Age :

20.03.1953

Date of Appointment :

01.10.1995

DIN No.:

00062898

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	U99999MH1964PTC012975	METRO EXPORTERS PRIVATE LIMITED	Whole-time director	01/10/1995	01/10/1995	-	Active	NO
2	U34102MH1999PTC121746	METRO EXPORTERS (INDIA) PRIVATE LIMITED	Director	14/09/1999	14/09/1999	-	Amalgamated	NO

Name :

Mr. Jai Pradip Bhatia

Designation :

Wholetime Director

Address :

15-B, II Palazzo, Little Gibs Road, Malabar Hill, Mumbai – 400006, Maharashtra, India

Date of Birth/ Age:

10.06.1982

Date of Appointment :

01.09.2003

PAN No.:

AGHPB7052J

DIN No.:

00056822

Name :

Mr. Amrita Pradip Bhatia

Designation :

Whole Time Director

Address :

15-B, Pal A220, Little Gibs Road, Malabar Hill, Mumbai-400006, Maharashtra, India

Date of Birth/Age :

25.05.1986

Date of Appointment :

15.09.2008

DIN No.:

02246823

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	U99999MH1964PTC012975	METRO EXPORTERS PRIVATE LIMITED	Director	15/09/2008	15/09/2008	-	Active	NO
2	U50300MH2007PTC167260	UDESHI INTERNATIONAL PRIVATE LIMITED	Director	07/01/2009	07/01/2009	-	Active	NO
3	U99999MH1958PTC011221	HAMILTON INDUSTRIES PRIVATE LIMITED	Director	26/09/2013	31/12/2012	-	Active	NO
4	U65990MH1981PTC025116	METRO INVESTMENTS PRIVATE LIMITED	Director	27/09/2013	31/12/2012	-	Active	NO
5	AAB-8073	METRO CYCLE LLP	Designated Partner	10/10/2013	10/10/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Jitendra
Designation :	Vice President
Name :	Mr. Tulsidas H. Bhutta
Designation :	Company Secretary
Address :	17/2, Shanti Niketan, R A Kidwai Marg, Mumbai – 400031, Maharashtra, India
Date of Birth/Age :	17.08.1923
Date of Appointment :	01.08.1964
PAN No:	AABPB0714B

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 25.09.2014

Names of Shareholders	No. of Shares
C C Udeshi –HUF	192940
Jayant Chunilal Joshi	11840
Jayant Chunilal Joshi	118400
Smita Pradip Bhatia	331760
Pradip Lalji Bhatia	25300
Tulsi Pradip Bhatia	188980
Bhatia Pradip HUF	39160
Amrita Pradip Bhatia	121968
Keshav Pradip Bhatia	149568
Metro Investments Private Limited, India	1425000
Chandrasi Chatrabhuj Udeshi	550
Nalini KAkubhai Kapadia	146520
Dilip Kakubhai Kapadia	1760
Ruchit Dilip Kapadia	1760
Khyati Dilip Kapadia	1760
Chandrasi Charabuj Udeshi	171000
Vinay H. Khatau	44
Yogesh Tulsidas Bhutta	110
Mira Cycles Private Limited, India	58000
Chandrashekhar Gopalrao Karanjgaonkar	10
Jai Pradip Bhatia	158400

Equity Share Break up (Percentage of Total Equity)

As on 25.09.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	4.18
Bodies corporate	47.64
Directors or relatives of Directors	47.53
Others top 50 shares Holders	0.65
Total	100.00

BUSINESS DETAILS

Line of Business :	Exporter, Importer, Assembling and Manufacturer of Cycles, Tricycles, Motor Cycles, Cars, Trucks, Tractors, Classis, Motors, Aeroplanes engines, Turbines, Tanks, Ships, Bodies, Tools, Implements, Accessories, Buses, Lorries and Other Materials and Products in India and elsewhere.
Products :	Cycles, Tricycles Motor Cycles Cars Trucks Tractors Classis Motors Aeroplanes engines Turbines
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Finished Goods
Countries :	African Countries
Imports :
Products :	Raw Material
Countries :	China
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

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 :

Wholesalers, Retailers and 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 :

100 (Approximately)

Bankers :

Bank Name	Indian Overseas Bank
Branch	Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, 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

• State Bank of India, Overseas Branch, Cuffee Parade, Mumbai – 400005, Maharashtra, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2015	As on 31.03.2014
SHORT TERM BORROWING
Other loans and advances (Hypothecation of Car)	NA	4.350
Total	NA	4.350

Auditors :
Name :	Kanodia Chauhan and Company Chartered Accountants
Address :	G-15, Everest Building, Tardeo Road, Mumbai – 400034, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAMFK0142K
Memberships :	--
Collaborators :	--
Associates (As on 31.03.2014) :	Udeshi International Private Limited CIN No.: U50300MH2007PTC167260 Paks Veterinary Drugs Manufacturing Company Private Limited CIN No.: U24230MH1999PTC248306
Subsidiaries (As on 31.03.2014) :	Hamilton Industries Private Limited CIN No.: U99999MH1958PTC011221 Address : 9 MIDC Engineering Zone, Kalyan- Badlapur Road, Ambernath - 421501, Maharashtra, India Mira Cycles Private Limited CIN No.: U34101MH1979PTC021395 Address : Plot No. 10 to 21 and 30 to 42, G.I.D.C. Antalia, Billimora - 396325, India Metro Investments Private Limited Metro Emirates Limited CIN No.: U65990MH1981PTC025116
Enterprises over which the Key Management Personnel (As on 31.03.2014) :	Venus Engineering Works and Foundry Private Limited Address : Studio Road, Nemon, Thiruvananthpuram - 695020, India Metro Cycle Company Metro International

CAPITAL STRUCTURE

As on 31.03.2015

Authorised Capital : Not Available

Issued, Subscribed & Paid-up Capital : Rs. 31.129 Million

As on 25.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
4750000	Equity Shares	Rs.10/- each	Rs. 47.500 Million
1500	Preference Shares	Rs.1000/- each	Rs. 1.500 Million
	Unclassified Shares		Rs. 1.000 Million
	Total		Rs. 50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3112962	Equity Shares	Rs.10/- each	Rs. 31.129 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	31.129	31.129	31.130
(b) Reserves & Surplus	840.027	790.319	743.358
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	871.156	821.448	774.488
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	1.398	3.933	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)	1.398	3.933	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	4.350	0.000
(b) Trade payables	60.061	60.319	113.779
(c) Other current liabilities	120.827	148.873	131.563
(d) Short-term provisions	5.620	5.463	5.463
Total Current Liabilities (4)	186.508	219.005	250.805
TOTAL	1059.062	1044.386	1025.293
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	157.526	130.007	122.213
(ii) Intangible Assets	9.825	10.202	0.111
(iii) Capital work-in-progress	0.084	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	208.510	206.435	184.081
(c) Deferred tax assets (net)	0.000	0.000	4.160
(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	375.945	346.644	310.565
(2) Current assets
(a) Current investments	311.034	238.853	214.652
(b) Inventories	14.458	16.251	27.144
(c) Trade receivables	204.652	212.768	253.811
(d) Cash and cash equivalents	39.546	60.653	93.579
(e) Short-term loans and advances	95.454	149.771	121.316
(f) Other current assets	17.973	19.446	4.226
Total Current Assets	683.117	697.742	714.728
TOTAL	1059.062	1044.386	1025.293

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	1030.531	1144.784
	Other Income	71.401	55.762
	TOTAL (A)	1101.932	1200.546	1000.670
Less	EXPENSES
	Cost of Materials Consumed	255.270	208.971
	Purchases of Stock-in-Trade	540.391	662.671
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	1.720	10.966
	Employees benefits expense	89.075	82.525
	Other expenses	114.874	131.871
	TOTAL (B)	1001.330	1097.004	Including Financial and Depreciation Expenses
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	100.602	103.542
Less	FINANCIAL EXPENSES (D)	2.202	2.092
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	98.400	101.450	100.635
Less/ Add	DEPRECIATION/ AMORTISATION (F)	22.222	16.902	9.185
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	76.178	84.548	91.450
Less	TAX (H)	26.433	32.124	19.109
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	49.745	52.424	72.341
	EARNINGS IN FOREIGN CURRENCY	NA	838.502	664.134
	Earnings / (Loss) Per Share (Rs.)	15.98	16.84	23.24

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	NA	48.064	149.529
Net cash flows from (used in) operating activities	NA	3.299	232.728

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	4.83	4.58	7.23
Operating Profit Margin (PBIDT/Sales)	(%)	9.76	9.04	NA
Return on Total Assets (PBT/Total Assets}	(%)	8.96	10.09	10.93
Return on Investment (ROI) (PBT/Networth)		0.09	0.10	0.12
Debt Equity Ratio (Total Debt /Networth)		0.00	0.01	0.00
Current Ratio (Current Asset/Current Liability)		3.66	3.19	2.85

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	31.130	31.129	31.129
Reserves & Surplus	743.358	790.319	840.027
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	774.488	821.448	871.156
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	4.350	0.000
Total borrowings	0.000	4.350	0.000
Debt/Equity ratio	0.000	0.005	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	1000.670	1200.546	1101.932
		19.974	(8.214)

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	1000.670	1200.546	1101.932
Profit	72.341	52.424	49.745
	7.23%	4.37%	4.51%

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	Yes
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	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	Yes
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	Yes
32	Litigations that the firm/promoter involved in	Yes
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

LITIGATIONS DETAILS

LITIGATION DETAILS
Bench:- Bombay
Presentation Date:- 07/07/2015
Lodging No. :	ITXAL/953/2015	Failing Date:-	07/07/2015
Petitioner:-	PR. COMMISSIONER OF INCOME TAX-7		Respondent:-	METRO EXPORTERS PRIVATE LIMITED
Petn.Adv:-	SURESH KUMAR (I2100)
District:-	MUMBAI
Bench:-	DIVISION		Category:-	TAX APPEALS
Status:-	Pre-Admission		Stage:-
Last Date:-	14/07/2015
Last Coram:-	REGISTRAR(OS)/PROTHONOTARY & SR. MASTER
Act. :	Income Tax Act,1961			Under Section:	260A

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

· Building

· Godown

· Plant and Machinery and Office Equipments

· Furniture and Fixtures

· Vehicles

· Computers

· Software

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.66.09
UK Pound	1	Rs.100.88
Euro	1	Rs.73.95

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	DIV
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.