MIRA INFORM REPORT

Report No. :	483616
Report Date :	01.01.2018

IDENTIFICATION DETAILS

Name :	MAIWAND EXIM PRIVATE LIMITED (w.e.f 20.04.2010)
Formerly Known As :	MAIWAND BUILDERS PRIVATE LIMITED
Registered Office :	A-96, 3rd Floor, Chitranjan Park, New Delhi - 110019
Tel. No.:	91-11-29243799
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	13.02.2006
Com. Reg. No.:	55-146202
Capital Investment / Paid-up Capital :	INR 1.000 Million
CIN No.: [Company Identification No.]	U51909DL2006PTC146202
IEC No.:	Not Divulged
GSTIN:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAECM5449P
Legal Form :	Private Limited Liability Company
Line of Business :	· Real Estate Business · Subject is engaged into fast food chain business (Registered Activity)
No. of Employees :	Information denied by the management

RATING & COMMENTS

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

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject was incorporated in the year 2006 having moderate track. For the financial year ended 2017, the company has not undertaken any business operation and has incurred some pre-operative expenses. The rating also takes into consideration erosion of entire networth of the company. Mr. Bhav Singh Makker (Chief Executive Officer) has denied to part any information about the company. Payments are unknown. In view of the aforesaid, the company can be considered for business dealings on safe and secured 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 (30.06.2017)	Current Rating (30.09.2017)
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 01.01.2018

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 BY

Name :	Mr. Bhav Singh Makker
Designation :	Chief Executive Officer
Contact No.:	91-9818982075
Date :	29.12.2017

LOCATIONS

Registered Office :	A-96, 3rd Floor, Chitranjan Park, New Delhi – 110019, India
Tel. No.:	91-11-29243799
Fax No.:	Not Available
E-Mail :	ahuja.company@gmail.com

DIRECTORS

As on 31.03.2017

Name :

Mr. Harmohan Singh

Designation :

Director

Address :

S-439, Greater Kailash, Part-II, New Delhi -110048, India

Date of Birth/Age :

23.06.1953

Date of Appointment :

13.02.2006

DIN No.:

01220261

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U16003DL2005PLC140650	MAIWAND TOBACCO LIMITED	13/09/2005	-
U51900DL2012PLC230619	MAIWAND BEVERAGES LIMITED	27/01/2012	-

Name :

Mr. Bhag Singh Madaan

Designation :

Director

Address :

F-1129, C.R.Park, New Delhi- 110019, India 

Date of Birth/Age :

14.07.1952

Date of Appointment :

13.02.2006

DIN No.:

01220322

Name :

Mr. Jasmeet Singh Hakimzada

Designation :

Director

Address :

S – 439, Greater Kailash Part – II, New Delhi 110048, India

Date of Birth/Age :

26.06.1979

Date of Appointment :

13.02.2006

DIN No.:

01221414

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U16003DL2005PLC140650	MAIWAND TOBACCO LIMITED	13/09/2005	-
U51900DL2012PLC230619	MAIWAND BEVERAGES LIMITED	27/01/2012	-
U74999PB2016PTC045669	AYURJIIVANA AYURVEDA PRIVATE LIMITED	30/08/2016	-

KEY EXECUTIVE

Name :	Mr. Bhav Singh Makker
Designation :	Chief Executive Officer

MAJOR SHAREHOLDERS

As on 30.09.2017

Names of Shareholders	No. of Shares	% of Holding
Bhag Singh Madan	2000	20.00
Harmohan Singh	4000	40.00
Jasmit Singh Hakimzada	4000	40.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2017

Category	Percentage
Promoters (Individual/Hindu Undivided Family – Indian)	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

· Real Estate Business

· Subject is engaged into fast food chain business (Registered Activity)

Products / Services :

Item Code No.	Products/Services Description
99721229	Real Estate Consultancy

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 :	--
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 denied by the management

Bankers :

Banker Name :	ICICI Bank Limited
Branch :	Not Divulged
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 :	--

Auditors :
Name :	Ahuja Arora and Associates Chartered Accountants
Address :	N-146, Greater Kailsh, Delhi-110048, India
Income-tax PAN of auditor or auditor's firm :	AAGFA7637P
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

As on 30.09.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	INR 100/- each	INR 1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	INR 100/- each	INR 1.000 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2015	31.03.2015
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1.000	1.000	1.000
(b) Reserves & Surplus	(1.003)	(0.294)	0.154
(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)	(0.003)	0.706	1.154
(3) Non-Current Liabilities
(a) long-term borrowings	3.184	3.184	3.184
(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)	3.184	3.184	3.184
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.523	0.484	0.031
(c) Other current liabilities	0.250	0.250	0.250
(d) Short-term provisions	0.031	0.031	0.430
Total Current Liabilities (4)	0.804	0.765	0.711
TOTAL	3.985	4.655	5.049
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000	0.000
(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	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	0.000	0.000	0.000
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.738	0.738	1.988
(c) Trade receivables	1.580	1.550	0.500
(d) Cash and cash equivalents	1.398	2.129	2.507
(e) Short-term loans and advances	0.269	0.238	0.054
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	3.985	4.655	5.049
TOTAL	3.985	4.655	5.049

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	0.000	0.000	0.000
	Other Income	0.030	2.300	6.000
	TOTAL	0.030	2.300	6.000
Less	EXPENSES
	Project cost	0.000	0.000	1.605
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	0.000	1.250	1.285
	Employees benefits expense	0.700	0.840	0.704
	Other expenses	0.040	0.618	1.029
	TOTAL	0.740	2.708	4.623
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	(0.710)	(0.408)	1.377
Less	FINANCIAL EXPENSES	0.000	0.001	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(0.710)	(0.409)	1.377
Less/ Add	DEPRECIATION/ AMORTISATION	0.000	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX	(0.710)	(0.409)	1.377
Less	TAX	0.000	0.031	0.430
	PROFIT/ (LOSS) AFTER TAX	(0.710)	(0.440)	0.947
	Earnings / (Loss) Per Share (INR)	(71.00)	(44.00)	95.00

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operating activity	NA	NA	NA

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	0.00	0.00	0.00
Account Receivables Turnover (Income / Sundry Debtors)	0.00	0.00	0.00
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	0.00	0.00	7.05
Inventory Turnover (Operating Income / Inventories)	(0.96)	(0.55)	0.69
Asset Turnover (Operating Income / Net Fixed Assets)	0.00	0.00	0.00

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	1.00	0.85	0.77
Debt Equity Ratio (Total Liability / Networth)	(1061.33)	4.51	2.76
Current Liabilities to Networth (Current Liabilities / Net Worth)	(268.00)	1.08	0.62
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.00	0.00	0.00
Interest Coverage Ratio (PBIT / Financial Charges)	0.00	(408.00)	0.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	0.00	0.00	0.00
Return on Total Assets ((PAT / Total Assets) * 100)	%	(17.82)	(9.45)	18.76
Return on Investment (ROI) ((PAT / Networth) * 100)	%	23666.67	(62.32)	82.06

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	4.96	6.08	7.10
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	4.04	5.12	4.31
G-Score Ratio Financial (Networth / Total Assets)	0.00	0.15	0.23
G-Score Ratio Debt (Debts / Equity Capital)	3.18	3.18	3.18
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	4.96	6.08	7.10

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

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	1.000	1.000	1.000
Reserves & Surplus	0.154	(0.294)	(1.003)
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1.154	0.706	(0.003)
long-term borrowings	3.184	3.184	3.184
Short term borrowings	0.000	0.000	0.000
Total borrowings	3.184	3.184	3.184
Debt/Equity ratio	2.759	4.510	(1061.333)

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
Total Income	6.000	2.300	0.030
		(61.667)	(98.696)

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Total Income	6.000	2.300	0.030
Profit/(Loss)	0.947	(0.440)	(0.710)
	15.78%	(19.13)%	(2366.67)%

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	No
17]	Details of sister concerns	No
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	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

CORPORATE INFORMATION

The company is a private limited company s define in 2(68) of companies act, 2013 domiciled in India and incorporated under the provisions of companies act 1956. The company is engaged in fast food chain business.

UNSECURED LOAN

PARTICULARS	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Loans and advance rom related parties
Bhag Singh	2.339	2.339
Harmohan Singh	0.420	0.420
Jasmeet Singh	0.425	0.425
Total	3.184	3.184

INDEX OF CHARGES: NO CHARGES EXISTS FOR 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 63.93
UK Pound	1	INR 86.06
Euro	1	INR 76.39

INFORMATION DETAILS

Information Gathered by :	SHA
Analysis Done by :	DIV
Report Prepared by :	JYTK

SCORE FACTORS

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

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.