MIRA INFORM REPORT

Report No. :	342713
Report Date :	28.09.2015

IDENTIFICATION DETAILS

Name :	SOFT LITE IMPEX PRIVATE LIMITED
Registered Office :	B-1, Rajmahal Co. Operative Housing Society, M.V. Road, Andheri (East), Mumbai – 400069, Maharashtra
Tel. No.:	91-22 -26580052
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	11.05.2010
Com. Reg. No.:	11-202986
Capital Investment / Paid-up Capital :	Rs. 0.120 Million
CIN No.: [Company Identification No.]	U74990MH2010PTC202986
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 :	Manufacturer and Trader of Blinds Fabrics, Wall Covering, Designer Interior Wallpaper, Decorative Wallpaper.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 59000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject was established on 11ht May, 2010. It has satisfactory track record. The rating takes into consideration decent base of the company. Further, it has achieved significant growth in its sales turnover and profit. Liquidity position of the company is fair marked by favourable gap between trade receivables and payables. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct and as per commitments. The company can be considered for normal 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	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 DENIED BY

Name :	Mr. Ashish Mehta
Designation :	Director
Contact No.:	91-9820284612
Date :	25.09.2015

LOCATIONS

Registered Office :	B-1, Rajmahal Co. Opoperative Housing Society, M.V. Road, Andheri (East), Mumbai – 400069, Maharashtra, India
Tel. No.:	91-22 -26580052
Mobile No.:	91-9820284612 (Mr. Ashish Mehta)
Fax No.:	91-22-26580074
E-Mail :	aashish@softliteblinds.com rijainca@gmail.com

DIRECTORS

As on 26.09.2014

Name :	Usha Subhash Mehta
Designation :	Whole-time director
Address :	602, Horizon Oberoi, Raviraj Complex, New Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India
Date of Birth/Age :	04.01.1954
Date of Appointment :	11.05.2010
PAN No.:	AAAPM9313L
DIN No.:	3012430
Name :	Mr. Ashish Subhash Mehta
Designation :	Whole-time director
Address :	602, Horizon Oberoi, Raviraj Complex, New Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India
Date of Birth/Age :	05.09.1974
Date of Appointment :	11.05.2010
PAN No.:	AAAPM9310K
DIN No.:	3012448
Other Directorship:
Name :	Mr. Dipesh Subhash Mehta
Designation :	Whole-time director
Address :	602, Horizon Oberoi, Raviraj Complex, New Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India
Date of Birth/Age :	13.11.1975
Date of Appointment :	10.10.2011
PAN No.:	ACZPM 7014 K
DIN No.:	3640847

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 26.09.2014

Names of Shareholders	No. of Shares	%age holding
Usha Subhash Mehta	6000	50.00
Ashish Subhash Mehta	6000	50.00
Total	12000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 26.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Trader of Blinds Fabrics, Wall Covering, Designer Interior Wallpaper, Decorative Wallpaper.
Products :	Blinds Fabrics Wall Covering Designer Interior Wallpaper Decorative Wallpaper
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

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 :

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 :

Not Divulged

Bankers :

Bank Name	Not Divulged
Branch	Not Divulged
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

Banking Relations :	--
Auditors :
Name :	Rajendrakumar Jain and Company Chartered Accountants
Address :	Building No. 29, Buena Vesta, B 701, Khernagar, Near Central Bank, Bandra (East), Mumbai – 400051, Maharashtra, India
Tel. No.:	91-22-26580052/2658074
E-Mail :	rijainca@gmail.com
Website :	Wwww.rijainca.com
PAN N Income-tax PAN of auditor or auditor's firm :	AACPJ8302J
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 26.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Shares	Rs.10/- each	Rs. 2.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12000	Equity Shares	Rs.10/- each	Rs. 0.120 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	0.120	0.120	0.120
(b) Reserves & Surplus	20.447	16.629	15.096
(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)	20.567	16.749	15.216
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	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)	0.000	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	3.600	0.000	0.000
(b) Trade payables	11.556	6.195	4.823
(c) Other current liabilities	9.299	10.156	12.028
(d) Short-term provisions	2.400	0.679	4.618
Total Current Liabilities (4)	26.855	17.030	21.469
TOTAL	47.422	33.779	36.685
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets
(ii) Intangible Assets	0.209	0.129	0.161
(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)	0.012	0.041	0.009
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.057
Total Non-Current Assets	0.221	0.170	0.227
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	13.194	10.189	6.732
(c) Trade receivables	23.941	12.719	14.268
(d) Cash and cash equivalents	3.883	9.270	11.216
(e) Short-term loans and advances	6.083	1.417	4.115
(f) Other current assets	0.100	0.014	0.127
Total Current Assets	47.201	33.609	36.458
TOTAL	47.422	33.779	36.685

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income
	Other Income
	TOTAL	73.978	53.077	68.998
Less	EXPENSES
	TOTAL	68.379	50.604	54.912
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	5.599	2.473	14.086
Less/ Add	DEPRECIATION/ AMORTISATION	0.073	0.062	0.073
	PROFIT/ (LOSS) BEFORE TAX	5.526	2.411	14.013
Less	TAX	1.708	0.690	4.605
	PROFIT/ (LOSS) AFTER TAX	3.818	1.721	9.408
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	16.817	15.096	5.688
	BALANCE CARRIED TO THE B/S	20.635	16.817	15.096
	Earnings / (Loss) Per Share (Rs.)	318.16	143.42	784.00

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	5.16	3.24	13.64
Return on Total Assets (PBT/Total Assets}	(%)	11.66	7.15	38.21
Return on Investment (ROI) (PBT/Networth)		0.27	0.14	0.92
Debt Equity Ratio (Total Debt /Networth)		0.18	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.76	1.97	1.70

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	0.120	0.120	0.120
Reserves & Surplus	15.096	16.629	20.447
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	15.216	16.749	20.567
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	3.600
Total borrowings	0.000	0.000	3.600
Debt/Equity ratio	0.000	0.000	0.175

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)
Total Income	68.998	53.077	73.978
		(23.075)	39.379

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	68.998	53.077	73.978
Profit	9.408	1.721	3.818
	13.64%	3.24%	5.16%

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)	No
16	No. of employees	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	No
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	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Loan and advances from related parties	3.600	0.000
Total	3.600	0.000

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Computer and Printer
• Plant and Machinery
• Electric Fitting
• Furniture and Fixture
• Attendance Machine
• Electric weighting Machine

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

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	RAS
Report Prepared by :	ART

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	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		45

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.