MIRA INFORM REPORT

Report No. :	502378
Report Date :	11.04.2018

IDENTIFICATION DETAILS

Name :	VISHVAS POWER ENGINEERING SERVICES PRIVATE LIMITED
Registered Office :	K-5, Star Industrial Area, MIDC, Butibori, Nagpur - 441108, Maharashtra
Tel. No.:	91-7104-265959
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	08.08.1996
Com. Reg. No.:	11-101738
Capital Investment / Paid-up Capital :	INR 28.373 Million
CIN No.: [Company Identification No.]	U28920MH1996PTC101738
IEC No.: [Import-Export Code No.]	Not Applicable (As informed by the management that firm does not have export and import)
GSTN : [Goods & Service Tax Registration No.]	27AAACV5175E1ZB
TIN No:	27520025561
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACV5175E
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in Repairs and Manufactures of Power Transformers. (Registered activity and also confirmed by management)
No. of Employees :	90 (Approximately)

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Exists
Comments :	Subject was incorporated in the year 1996. It is manufacturer of traction power transformers and providing related services such as repairing of power and traction transformer, switchgears service etc. The subject’s customers include India Railways, MSETCL (Maharashtra State Electricity Transaction Company Limited) MSPGCL (Maharashtra Power Generation Company Limited), NTPC (Nuclear Thermal Power Company), NPCIL (Nuclear Power Corporation of India Limited), OPGCL (Odisha Power Generation Company Limited), OPTCL (Odisha Power Transmission Company Limited), etc. As per the financial record of 2017, the company has achieved a favourable growth of 29.16% in its revenue as compared to the previous year’s revenue and has gained average net profit margin of 3.69%. The company possesses satisfactory financial position marked by adequate net worth base along with comfortable debt balance sheet profile average liquidity position. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition.

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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

EXTERNAL AGENCY RATING

Rating Agency Name	INDIA RATING
Rating	Long Term Loans (BB)
Rating Explanation	Moderate risk of default.
Date	11.08.2017

Rating Agency Name	INDIA RATING
Rating	Short Term Loans (A4+)
Rating Explanation	Minimal degree of safety and very high credit risk.
Date	11.08.2017

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 31-03-2018.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 11.04.2018

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

INFORMATION PARTED BY

Name :	Mr. Narendra Wadekar
Designation :	Senior Executive Finance
Contact No.:	91-7030900354
Date :	09.04.2018

LOCATIONS

Registered Office :	K-5, Star Industrial Area, MIDC, Butibori, Nagpur - 441108, Maharashtra, India
Tel. No.:	91-7104-265959
Mobile No.:	91-7030900354 (Mr. Narendra)
Fax No.:	91-7104-265969
E-Mail :	vishvaspower@gmail.com marketing@vishvaspower.com http://www.vishvaspower.com
Website :	http://www.vishvaspower.com
Head Office :	Kartik Niwas, Plot No.77, Kanfade Layout, Opposite Sai Mandir, Off Wardha Road, Nagpur-440015, Maharashtra, India

DIRECTORS

As on 31.03.2017

Name :	Mr. Rajeev Madhukar Bhave
Designation :	Director
Address :	Kartik Niwas, Plot No.77, Kanfade Layout, Opposite Sai Mandir, Off Wardha Road, Nagpur-440015, Maharashtra, India
Date of Birth/Age :	16.07.1965 (42 Years)
Qualification :	B.E. (Electrical) MBA
Date of Appointment :	08.08.1998
Experience:	Crompton Greaves Limited – Nasik – QA Dept Crompton Greaves Limited – Nagpur – Services Dept
DIN No:	01731359
Name :	Mr. Savio Vincent D’mello
Designation :	Director
Address :	Chitanavis, Block 174, Behind Chhoti Masjid, Sadar, Nagpur-440001, Maharashtra, India
Date of Birth/Age :	04.01.1960 (47 Years)
Qualification :	DEE
Experience:	More than 15 years’ experience with Crompton Greaves Limited on HT motors switchgears and transformers in the field of after sales service.
Date of Appointment :	14.11.1998
DIN No:	01950980
Name :	Mr. Kiran Prabhakar Joharapurkar
Designation :	Director
Address :	C/O Adv Dingambar Dahat, Plot No 111, Lit Road, Ramnagar, Nagpur -440010, Maharashtra, India
Date of Birth/Age :	04.03.1963 (43 Years)
Qualification :	B.E.  MBA
Date of Appointment :	01.01.2001
	Nagpur Transformers Limited, Nagpur. – Testing /Design dept  Crompton Greaves Limited, Nagpur, Vadodara, Mumbai – Mktg. Dept. – at Manager Level
DIN No:	01950929

KEY EXECUTIVES

Name :	Mr. Narendra Wadekar
Designation :	Senior Executive Finance

MAJOR SHAREHOLDERS

As on 31.03.2017

Names of Shareholders	No. of Shares
Rajeev M. Bhave	72658
Swati Rajeev Bhave	13439
A. A. Pophale	365
Savio D'mello	36533
Kiran Joharapurkar	37103
Meghanand Bhave	5113
Prabhakar Johrapurkar	2921
Bharat Johrapurkar	2921
Ann S. D'mello	35058
Arun Sanghave	9130
Swati Dixit	175
Sakshi Pandit	175
Deepshikha Muzumdar	175
Sarang Mishrikotkar	438
Rajesh Gahankar	438
Hokum Chaware	438
Swati Johrapurkar	1754
Surest Samant	3287
Rajendra Bawaskar	383
Dhananjay Karnik	1643
American Transformers LLC, USA	59582
Toral	283729

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2017

Category	Percentage
Promoters (Individual/Hindu Undivided Family – Indian)	79.00
Public/Other than promoters (Body corporate)	21.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in Repairs and Manufactures of Power Transformers. (Registered activity and also confirmed by management)

Products / Services :

Item Code No.	Products/Services Description
27101	Power generators (except battery charging alternators for internal combustion engines), motor generator sets (except turbine generator set units)
3314	Repair of electrical equipment

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Selling :

Cash, L/C and Credit (30 Days)

Purchasing :

Cash, L/C and Credit (30 Days)

PRODUCTION STATUS – (NOT AVAILABLE)

GENERAL INFORMATION

Suppliers :

Reference :	22nd Century Bazar
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

• 24X7 Vigilance & Facility Services
• A R Logistics Nagpur
• Aarti Logistics
• AB Engineering Concern
• Adarsh Bearing Private Limited
• Agni Fiber Boards Private Limited Baroda
• Allied Road Carriers of India
• Alsa Traders Nagpur
• Ajit Trading Company
• Allied Electric Stores
• Amol Residency
• Amy Enterprises
• Anand Pendhari and Associates

Customers :

Wholesalers, Retailers and End Users

Reference :	Arti Steel Limited
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

• Adhunik Power and Natural Resources Limited
• Balaji Trading Company
• BGR Energy Systems Limited
• Bharat Heavy Electricals Limited
• Bokaro Steel plant SAIL
• Central Railway Mumbai CST Panvel
• Central Railway Nagpur
• Central Railway Nagpur Construction EPC
• Crompton greaves Limited, Jalgaon
• Crompton Greaves Limited, Gurgaon

Indirect Sources (Website)

• MSETCL (Maharashtra State Electricity Transmission Company Limited)
• MSPGCL (Maharashtra Power Generation Company Limited)
• Indian Railways (Traction Wing)
• Indian Railways (LOCOMOTIVE Wing)
• Indian Railways (Construction Wing)
• Indian Railways (Electrification Wing)
• NPCIL (Nuclear Power Corporation of India Limited)
• NTPC (Nuclear Thermal Power Company)
• CSPTCL (Chhattisgarh State Power Transmission Company Limited)
• MPPTCL (Madhya Pradesh Transmission Company Limited)
• KPTCL (Karnataka Power Transmission Company Limited)
• CSPGCL (Chhattisgarh State Power Generation Company Limited)
• MPL (Maithan Power Limited)
• OPGCL (Odisha Power Generation Company Limited)
• OPTCL (Odisha Power Transmission Company Limited)
• OHPC (Odisha Hydro Power Company)
• NLC (Neyveli Lignite Corporation)
• Jindal Steel and Power Limited
• HVPNL (Haryana Vidyut Prasaran Nigam Limited)
• PGCIL (Power Grid Corporation India Limited)
• DHANU (Reliance India Power Limited)
• Sun flag Steel Limited
• Sail (Bokaro Steel Authority of India Limited)
• NSPCL (Bhilai Steel Plant)
• DTL (Delhi Transco Limited)
• Uttam Value and Steel Limited
• Aarti Steel and Power Limited
• Purti Power and Sugar Limited
• Visag Steel Limited
• Ratan India Limited
• APGENCO (Andhra Pradesh Generation Company Limited)

No. of Employees :

90 (Approximately)

Bankers :

Banker Name :	Canara Bank
Branch :	145, Farmland, Maharajbagh Road, Ramdaspeth, Nagpur – 440010, Maharashtra, India
Person Name (With Designation) :	--
Contact Number :	--
Name of Account Holder :	--
Account Number :	--
Account Since (Date/Year of Account Opening) :	--
Average Balance Maintained :	--
Credit Facilities Enjoyed (CC/OD/Term Loan) :	--
Account Operation :	--
Remark :	--

Facilities :

Secured Loan	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Long-term Borrowings
Rupee term loans from Banks
Canara Bank Term Loan	2.257	5.976
Short-term borrowings
Secured Cash Credit from Banks Canara Bank - Cash Credit (Canara Bank loan is secured by hypothecation of inventory, pledge of book debts and Hypothecated by Land at K-S MIDC Butiborl, Nagpur. Further guaranteed by the Directors of the Company.)	74.933	86.541
Secured Overdraft Against Fixed Deposit Canara Bank - ED overdraft	1.800	0.000
Total	78.990	92.517

Note:

Long-term Borrowings

Canara Bank Term loans is secured by equitable mortgage of immovable assets/property and hypothecation of plant and machinery installed therein and movable assets of the company not otherwise Hypothecated situated at K-S Butibori - MIX, Nagpur, Further guaranteed by Director of The company.

b) The Term Loans are further secured by Collateral Security as Follows

!) Equitable Mortgage of Flat F-1 at Kartik Niwas,77, Kanfade Layout, Nagpur, in the name of Mrs. Swati Bhave.

ii) Equitable Mortgage of Flat F-2 at Kartik Niwas, 77, Kanfade Layout, Nagpur, in the name of Rajiv Bhave & Madhukar Bhave

iii) Equitable Mortgage of Flat S-2 at Kartik Niwas,77, Kanfade Layout, Nagpur, in the name of Rajiv Bhave.

c) Canara Bank Car Loan is secured by hypothecation of the vehicle.

Short-term borrowings

b) The Working Capital Loan are further secured by Collateral Security as Follows

i) Equitable Mortgage of Flat F-1 at Kartik Niwas,77, Kanfade Layout, Nagpur, in the name of Mrs. Swati Shave.

ii) Equitable Mortgage of Flat F-2 at Kartik Niwas,77, Kanfade Layout, Nagpur, in the name of Rajiv Shave & Madhukar Shave

iii) Equitable Mortgage of Flat 5-2 at Kartik Nlwas,77, Kanfade Layout, Nagpur, in the name of Rajeev Bhave.

Auditors :
Name :	Anand Pendhari and Associates Chartered Accountants
Address :	1st Floor, Shiv Prasad Apartment, Near Jagnade Square, Nandanwan, Nagpur – 440009, Maharashtra, India
Tel. No.:	91-712-2020455
E-Mail :	anandpendhari@gmail.com
Income-tax PAN of auditor or auditor's firm :	AAZFA3728J
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON: 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
300000	Equity Shares	INR 100/- each	INR 30.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
283729	Equity Shares	INR 100/- each	INR 28.373 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	28.373	28.373	28.373
(b) Reserves & Surplus	116.054	105.332	97.894
(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)	144.427	133.705	126.267
(3) Non-Current Liabilities
(a) long-term borrowings	20.442	23.520	30.185
(b) Deferred tax liabilities (Net)	0.216	0.415	0.556
(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)	20.658	23.935	30.741
(4) Current Liabilities
(a) Short term borrowings	76.733	86.541	69.993
(b) Trade payables	63.669	87.652	89.648
(c) Other current liabilities	28.319	33.492	18.548
(d) Short-term provisions	0.855	0.579	0.190
Total Current Liabilities (4)	169.576	208.264	178.379
TOTAL	334.661	365.904	335.387
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	80.978	90.390	100.867
(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)	0.000	0.000	0.000
(d) Long-term Loan and Advances	1.039	1.039	1.047
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	82.017	91.429	101.914
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	43.578	48.063	34.961
(c) Trade receivables	116.404	150.623	118.435
(d) Cash and cash equivalents	30.570	25.611	24.163
(e) Short-term loans and advances	6.033	4.335	6.128
(f) Other current assets	56.059	45.843	49.786
Total Current Assets	252.644	274.475	233.473
TOTAL	334.661	365.904	335.387

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	290.440	224.866	233.824
	Other Income	2.703	2.473	4.170
	TOTAL	293.143	227.339	237.994
Less	EXPENSES
	Cost of Materials Consumed	135.726	92.117	109.405
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	5.732	(16.033)	(4.994)
	Employees benefits expense	19.913	15.873	15.958
	Manufacturing Expenses	70.848	77.398	67.743
	Other expenses	12.714	13.791	9.968
	TOTAL	244.933	183.146	198.080
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	48.210	44.193	39.914
Less	FINANCIAL EXPENSES	22.757	20.835	17.768
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	25.453	23.358	22.146
Less	DEPRECIATION/ AMORTISATION	9.580	11.695	13.135
	PROFIT/ (LOSS) BEFORE TAX	15.873	11.663	9.011
Less	TAX	5.151	4.225	3.645
	PROFIT/ (LOSS) AFTER TAX	10.722	7.438	5.366
	Earnings / (Loss) Per Share (INR)	37.79	26.21	18.91

Particulars	31.03.2018
Sales Turnover (Approximately)	300.000

The above information has been parted by Mr. Narendra Wadekar (Senior Executive Finance)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	3.322	7.582	7.157
Cash generated from operations	44.310	15.857	31.934
Net cash flows from (used in) operating activity	38.959	11.491	28.440

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	146.29	244.49	184.88
Account Receivables Turnover (Income / Sundry Debtors)	2.50	1.49	1.97
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	171.22	347.31	299.09
Inventory Turnover (Operating Income / Inventories)	1.11	0.92	1.14
Asset Turnover (Operating Income / Net Fixed Assets)	0.60	0.49	0.40

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.58	0.65	0.64
Debt Equity Ratio (Total Liability / Networth)	0.70	0.88	0.85
Current Liabilities to Networth (Current Liabilities / Net Worth)	1.17	1.56	1.41
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.56	0.68	0.80
Interest Coverage Ratio (PBIT / Financial Charges)	2.12	2.12	2.25

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	3.69	3.31	2.29
Return on Total Assets ((PAT / Total Assets) * 100)	%	3.20	2.03	1.60
Return on Investment (ROI) ((PAT / Networth) * 100)	%	7.42	5.56	4.25

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.49	1.32	1.31
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.23	1.09	1.11
G-Score Ratio Financial (Networth / Total Assets)	0.43	0.37	0.38
G-Score Ratio Debt (Debts / Equity Capital)	3.54	4.15	3.78
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.49	1.32	1.31

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

FINANCIAL ANALYSIS

[all figures are in INR Million]

DEBT EQUITY RATIO

Particular	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Share Capital	28.373	28.373	28.373
Reserves & Surplus	97.894	105.332	116.054
Net worth	126.267	133.705	144.427
long-term borrowings	30.185	23.520	20.442
Short term borrowings	69.993	86.541	76.733
Current maturities of long-term debts	7.157	7.582	3.322
Total borrowings	107.335	117.643	100.497
Debt/Equity ratio	0.850	0.880	0.696

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	233.824	224.866	290.440
		(3.831)	29.161

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	233.824	224.866	290.440
Profit /(Loss)	5.366	7.438	10.722
	2.29%	3.31%	3.69%

LEGALS FILE

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	No
19	Major customers	No
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 two/ three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
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

NOTE: Registered office of the company has been shifted from “4th Floor, Yashodhara Apartment, Chhoti Dhantoli, Nagpur – 440015, Maharashtra, India” to the present address w.e.f. 14.03.2012.

RESULTS OF OPERATIONS AND STATE OF AFFAIRS:

The standalone total revenue decreased to INR 293.143 million from INR 227.339 Million in the financial year 31.3.2017. The Net Profit after tax before appropriations for the year increased to INR 10.722 million from INR 7.438 million in the financial year 31.03.2017.

CORPORATE INFORMATION:

Subject the Company was incorporated on O8" Aug 1996 and registered with MCA vide CIN U28920MH1996PTC101738. These are the annual financial statements prepared for the Company and they relate to the period from April 1st, 2015 to March 31st, 2017. The Company is engaged in Repairs and Manufactures of Power Transformers.

UNSECURED LOAN

PARTICULARS	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Long-term Borrowings
Other loans and advances from Others	18.185	17.544
Total	18.185	17.544

INDEX OF CHARGES

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	G60369113	100132530	Canara Bank	25/09/2017	-	-	29200000.0	Corporation Colony,North Ambazari RoadNagpur
2	G60370061	100132533	Canara Bank	25/09/2017	-	-	15000000.0	Corporation Colony,North Ambazari RoadNagpurMH440010IN
3	G80068273	100163654	Canara Bank	01/09/2017	-	-	1820000.0	Plot No. 30, "Palkar Palace"Ambazari Layout, AmbazariNagpurMH440010IN
4	G80068786	100163657	Canara Bank	18/08/2017	-	-	1280000.0	Plot No. 30, "Palkar Palace"Ambazari Layout, AmbazariNagpurMH440010IN
5	G80069313	100163659	Canara Bank	10/08/2017	-	-	1280000.0	Plot No. 30, "Palkar Palace"Ambazari Layout, AmbazariNagpurMH440010IN
6	C39887245	10543545	CANARA BANK	08/11/2014	-	-	4800000.0	MID CORPORATE BRANCH NAGPURCORPORATION COLONY, NORTH AMBAZARI ROADNAGPURMH440010IN
7	C33742370	10531502	Canara Bank	17/07/2014	-	-	2000000.0	MID CORPORATE BRANCH, CORPORATION COLONY,NORTH AMBAZARI ROAD, GANDHINAGAR,NAGPURMH440010IN
8	B26809293	10321066	CANARA BANK	12/10/2011	-	-	10000000.0	RAMDASPETHNAGPURMH440010IN
9	A95739207	10273662	CANARA BANK	27/08/2010	-	-	25000000.0	RAMDASPETHNAGPURMH440010IN
10	A90337734	10271741	UNION BANK OF INDIA	11/06/2010	-	-	585000.0	ULP BRANCHNAGPURMH440001IN

FIXED ASSETS

• Land
• Building
• Furniture and Fixture
• Testing Equipment
• Office Equipment
• Computer
• Plant and Machinery
• Vehicle

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	INR
US Dollar	1	INR 64.93
UK Pound	1	INR 91.75
Euro	1	INR 79.90

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	NYT
Report Prepared by :	MTN

SCORE FACTORS

DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.