MIRA INFORM REPORT

Report No. :	492945
Report Date :	22.02.2018

IDENTIFICATION DETAILS

Name :	KNIGHT DEALTRADE PRIVATE LIMITED (w.e.f. 13.06.2011)
Formerly Known As :	KUBER RESIDENCY PRIVATE LIMITED
Registered Office :	164/1 Maniktala Main Road, Kolkata – 700054, West Bengal
Tel. No.:	91-33-23407100
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	20.03.2007
Com. Reg. No.:	21-114290
Capital Investment / Paid-up Capital :	INR 3.612 Million
CIN No.: [Company Identification No.]	U51909WB2007PTC114290
IEC No.: [Import-Export Code No.]	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
GSTN : [Goods & Service Tax Registration No.]	19AADCK0581C1ZS
TIN No.:	19501385080
PAN No.: [Permanent Account No.]	AADCK0581C
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of Real Estate and Trading of Construction Material. (Registered activity)
No. of Employees :	Information declined by the management

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 :	Clear
Comments :	Subject was incorporated in the year 2007 having satisfactory track record. As per the financial record of 2017, the revenue of the company has sharply declined as compared to its previous year and has incurred losses during the year. However, rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and comfortable debt protection metrics. Rating continue to derive strength from its established track record of its business operation backed by its well experienced promoters and management team. Rating strength gets partially offset by vulnerability of its operating margins to volatility in raw material prices and working capital intensive operations. Payments seems to be slow but correct. In view of aforesaid, 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

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	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 31-03-2016.

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 22.02.2018.

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 DENIED

Management Non-Cooperative (Tel. No.: 91-33-23407100)

LOCATIONS

Registered Office :	164/1 Maniktala Main Road, Kolkata – 700054, West Bengal, India
Tel. No.:	91-33-23407100
Fax No.:	Not Available
E-Mail :	roc.efiling2014@gmail.com

DIRECTORS

As on 31.03.2017

Name :

Mr. Vivek Agarwal

Designation :

Director

Address :

105/1, Bidhan Nagar Road Block-A, Flat No-802 Kolkata – 700067, West Bengal, India

Date of Appointment :

25.03.2015

DIN No.:

00550436

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U45400WB2012PTC183710	ANANTA ENCLAVE PRIVATE LIMITED	12/07/2012	-
U60231WB2012PTC183713	DEVAGNI LOGISTICS PRIVATE LIMITED	12/07/2012	-
U63090WB2012PTC183835	VIKARTA LOGISTICS PRIVATE LIMITED	17/07/2012	-
U72200WB2012PTC183709	ALOBHA COMPUTER PRIVATE LIMITED	12/07/2012	-
U01403WB2012PTC183711	ANGIRA AGRO PRIVATE LIMITED	12/07/2012	-
U51909WB2010PTC143223	BLUEBELL DEALTRADE PRIVATE LIMITED	01/06/2011	-
U51909WB2010PTC143176	MANGROVE SALES PRIVATE LIMITED	01/06/2011	-
U51909WB2010PTC143171	MAGNOLIA MERCANTILE PRIVATE LIMITED	01/06/2011	-
U51909WB2010PTC143155	ASTER TIE-UP PRIVATE LIMITED	01/06/2011	-
U51909WB2010PTC143154	AMBROSIA MERCHANTS PRIVATE LIMITED	01/06/2011	-
U51909WB2010PTC143165	DAISY DEALTRADE PRIVATE LIMITED	01/06/2011	-
U51909WB2010PTC143153	ACACIA VINIMAY PRIVATE LIMITED	01/06/2011	-

Name :

Mr. Jitendra Kumar Singh

Designation :

Director

Address :

9/6, H.C. Banerjee Street Khamarpara, Belurmath, Howrah – 711202, West Bengal, India

Date of Birth/Age :

15.04.1970

Date of Appointment :

15.02.2017

DIN No.:

03552939

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U51909WB1996PTC078125	RAJLAKMI VANIJYA PVT LTD	09/02/2017	-
U45200AS2007PTC018318	HIMADRI ENCLAVE PRIVATE LIMITED	13/02/2017	-
U45200AS2007PTC018329	LAVANYA NIRMAN PRIVATE LIMITED	13/02/2017	-
U51909WB2010PTC143158	CARNATION DEALTRADE PRIVATE LIMITED	01/06/2011	-
U51909WB2010PTC143170	LATINA TIE-UP PRIVATE LIMITED	01/06/2011	-
U51909WB2010PTC143156	AZALEA MARKETING PRIVATE LIMITED	01/06/2011	-
U51909WB2010PTC143179	SNOWDROP TRADELINK PRIVATE LIMITED	01/06/2011	-
U51909WB2010PTC143176	MANGROVE SALES PRIVATE LIMITED	01/06/2011	-
U51909WB2010PTC143236	BRIJWASI DEALTRADE PRIVATE LIMITED	01/06/2011	-
U51909WB2010PTC143218	ALISHAN DEALCOM PRIVATE LIMITED	01/06/2011	-
U51101WB2010PTC143219	ANJALI DEALTRADE PRIVATE LIMITED	01/06/2011	-
U65991JH2013PLC001105	PURNADISHA MUTUAL BENIFIT LIMITED	13/02/2014	-

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2017

Names of Shareholders	No. of Shares
Rapid Housing Solutions LLP	179200
Ratnabali Residency LLP	179000
Mani Square Limited	3000
Total	361200

Equity Share Break up (Percentage of Total Equity)

As on 26.09.2017

Category	Percentage
Promoter - Bodies corporate	99.17
Public - Bodies corporate	0.83
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of Real Estate and Trading of Construction Material. (Registered activity)
Products :	Construction Material
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

Information declined by the management

Bankers :

Bank Name	Not Divulged
Branch	--
Person Name (With Designation)	--
Contact Number	--
Name of Account Holder	--
Account Number	--
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	--
Account Operation	--
Remarks (If any)	--

Auditors :
Name :	Choudhary Rajesh Kumar and Company Chartered Accountants
Address :	2, Jawaharlal Nehru Road, Kolkata – 700013, West Bengal, India
PAN N Income-tax PAN of auditor or auditor's firm :	AMMPD5448F
Membership No.:	057529
Memberships :	Not Available
Collaborators :	Not Available
Associates :	Sarvanshreshta Housing Estates Private Limited U45400WB2008PTC122974 Ashwamedh Developers Private Limited U45400WB2008PTC122610 Divyam Properties Private Limited U454500WB2008PTC122973 Tech Construction Private Limited U454500WB2008PTC122346

CAPITAL STRUCTURE

As on 31.03.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
390000	Equity Shares	INR 10/- each	INR 3.900 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
361200	Equity Shares	INR 10/- each	INR 3.612 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2016	31.03.2015	31.03.2014
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	3.612	3.612	3.612
(b) Reserves & Surplus	180.950	181.195	180.126
(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)	184.562	184.807	183.738
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.001	0.006	0.011
(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)	0.001	0.006	0.011
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	171.000
(b) Trade payables	9.151	13.138	59.985
(c) Other current liabilities	14.903	392.380	407.183
(d) Short-term provisions	0.000	0.495	1.294
Total Current Liabilities (4)	24.054	406.013	639.462
TOTAL	208.617	590.826	823.211
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.004	0.027	0.050
(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	9.865	9.865	10.298
(c) Deferred tax assets (net)	0.000	0.000	0.000
(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	9.869	9.892	10.348
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2.607	1.934	4.425
(c) Trade receivables	7.918	3.396	13.741
(d) Cash and cash equivalents	0.261	0.168	12.332
(e) Short-term loans and advances	187.962	575.436	782.365
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	198.748	580.934	812.863
TOTAL	208.617	590.826	823.211

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015	31.03.2016
	SALES
	Income	43.337	122.310	314.778
	Other Income	0.155	20.723	30.757
	TOTAL	43.492	143.033	345.535
Less	EXPENSES
	Purchases of Stock-in-Trade	43.386	117.666	309.551
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(0.673)	2.491	(1.331)
	Employees benefits expense	0.122	0.106	0.093
	Other expenses	0.883	1.311	3.239
	TOTAL	43.718	121.574	311.552
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	(0.226)	21.459	33.983
Less	FINANCIAL EXPENSES	0.000	19.877	29.781
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(0.226)	1.582	4.202
Less	DEPRECIATION/ AMORTISATION	0.023	0.023	0.023
	PROFIT/ (LOSS) BEFORE TAX	(0.249)	1.559	4.179
Less	TAX	(0.004)	0.490	1.291
	PROFIT/ (LOSS) AFTER TAX	(0.245)	1.069	2.888
	Earnings / (Loss) Per Share (INR)	(0.68)	2.96	7.99

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016	31.03.2015	31.03.2015
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	(0.151)	178.899	12.372
Net cash flow from operating activity	(0.057)	178.130	9.006

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	66.69	10.13	15.93
Account Receivables Turnover (Income / Sundry Debtors)	5.47	36.02	22.91
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	76.99	40.75	70.73
Inventory Turnover (Operating Income / Inventories)	(0.09)	11.10	7.68
Asset Turnover (Operating Income / Net Fixed Assets)	(56.50)	794.78	679.66

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.12	0.69	0.78
Debt Equity Ratio (Total Liability / Networth)	0.00	0.00	0.93
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.13	2.20	3.48
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.00	0.00	0.00
Interest Coverage Ratio (PBIT / Financial Charges)	0.00	1.08	1.14

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	(0.57)	0.87	0.92
Return on Total Assets ((PAT / Total Assets) * 100)	%	(0.12)	0.18	0.35
Return on Investment (ROI) ((PAT / Networth) * 100)	%	(0.13)	0.58	1.57

SOLVENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	8.26	1.43	1.27
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	8.15	1.43	1.26
G-Score Ratio Financial (Networth / Total Assets)	0.88	0.31	0.22
G-Score Ratio Debt (Debts / Equity Capital)	0.00	0.00	47.34
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	8.26	1.43	1.27

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

FINANCIAL ANALYSIS

[all figures are INR Million]

DEBT EQUITY RATIO

Particular	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Share Capital	3.612	3.612	3.612
Reserves & Surplus	180.126	181.195	180.950
Net worth	183.738	184.807	184.562
long-term borrowings	0.000	0.000	0.000
Short term borrowings	171.000	0.000	0.000
Total borrowings	171.000	0.000	0.000
Debt/Equity ratio	0.931	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Sales	314.778	122.310	43.337
		(61.144)	(64.568)

NET PROFIT MARGIN

Net Profit Margin	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Sales	314.778	122.310	43.337
Profit	2.888	1.069	(0.245)
	0.92%	0.87%	(0.57%)

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	No
8	Designation of contact person	No
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	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	No
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

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

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 records 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 64.53
UK Pound	1	INR 90.13
Euro	1	INR 79.86

INFORMATION DETAILS

Information Gathered by :	SAV
Analysis Done by :	NIS
Report Prepared by :	JYO

SCORE FACTORS

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

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.