MIRA INFORM REPORT

Report No. :	487116
Report Date :	18.01.2018

IDENTIFICATION DETAILS

Name :	AGSONS AGENCIES (INDIA) PRIVATE LIMITED
Registered Office :	K-1, Green Park Extension, New Delhi - 110016
Tel. No.:	91-11-26191733
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	11.04.1974
Com. Reg. No.:	55-007206
Capital Investment / Paid-up Capital :	INR 19.998 Million
CIN No.: [Company Identification No.]	U74999DL1974PTC007206
IEC No.:	0589038567
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACA0346C
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing, Trading, Importing and Dealing in all kinds of Base Metals like copper, aluminium, zinc, lead, tin, Nickel, etc Non-ferrous Metal Alloys and Ferro-Alloys, minerals and ores. (Confirmed by management) Subject is engaged primarily in the business of Trading in Metals and Alloys. (Registered Activity)
No. of Employees :	42 (Approximately) (In Office-12 + In Factory-20 + In Branch-10)

ECGC Country Risk Classification List

Country Name	Previous Rating (31.03.2016)	Current Rating (30.06.2016)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

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.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Ravi Kumar Agarwal
Designation :	Director
Contact No.:	91-9999553843

(Tel. No.: 91-11-26196704/ 26162607 does not exist)

LOCATIONS

Registered Office :	K-1, Green Park Extension, New Delhi – 110016, India
Tel. No.:	91-11-26191733
Mobile No.:	91-9999553843 (Mr. Ravi Kumar Agarwal)
Fax No.:	91-11-26196704
E-Mail :	agsons1@yahoo.com
Website :	www.agsons.com
Location :	Leased
Factory :	65, Industrial Development Colony, Mehrauli Road, Gurugram, Haryana, India
E-Mail :	agsons2@gmail.com
Area :	20000 sq. ft.
Location :	Owned
Godown :	1222, Village Karala, New Delhi – 110081, India
Branch Office :	Located at: Begumpur Khatola, Gurugram
Area :	220000 sq. ft.
Location :	Owned

DIRECTORS

As on 31.03.2016

Name :

Mr. Ravi Kumar Agarwal

Designation :

Director

Address :

H47, Green Park Extension, New Delhi – 110016, India

Date of Birth/Age :

04.07.1967

Qualification :

FCA

Experience :

30 Years

Date of Appointment :

20.01.2006

PAN No.:

AAAPA1377J

DIN No.:

01294711

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U45201DL1996PLC082549	HIMGIRI BUILDCON AND INDUSTRIES LIMITED	10/10/1996	-
U51909DL2014PTC274438	RKR GLOBAL TRADING PRIVATE LIMITED	22/12/2014	-
U72200DL2005PTC137095	SUPERAMA INFOTECH PRIVATE LIMITED	24/03/2014	-
U74899DL1984PTC018041	S B PHARMA PRIVATE LIMITED	07/07/2008	-

Name :

Mr. Ram Charan Agarwal

Designation :

Director

Address :

H47, Green Park Extension, New Delhi – 110016, India

Date of Birth/Age :

10.06.1935

Qualification :

MBA

Experience :

55 Years

Date of Appointment :

11.04.1974

PAN No.:

AAAHR7821J

DIN No.:

01294776

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U45201DL1996PLC082549	HIMGIRI BUILDCON AND INDUSTRIES LIMITED	10/10/1996	-

Name :

Ms. Rakhi Agarwal

Designation :

Director

Address :

H47, Green Park Extension, New Delhi – 110016, India

Date of Birth/Age :

07.07.1969

Date of Appointment :

28.03.2001

Qualification :

MBA

Experience :

20 Years

PAN No.:

AGQPA8523J

DIN No.:

01294861

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U51909DL2014PTC274438	RKR GLOBAL TRADING PRIVATE LIMITED	22/12/2014	-
U72200DL2005PTC137095	SUPERAMA INFOTECH PRIVATE LIMITED	24/03/2014	-

Name :

Dr. Usha Gupta

Designation :

Director

Address :

B-22, B Block, Vivek Vihar, Delhi – 110095, India

Date of Birth/Age :

29.04.1963

Experience :

20 Years

Date of Appointment :

09.12.2008

PAN No.:

AQYPG7616C

DIN No.:

02622485

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2016

Names of Shareholders	No. of Shares
R.C. Agarwal (HUF)	726500
R.C. Agarwal	185000
Kamla Agrwal	151500
Ravi Agarwal	199500
Rakhi Agarwal	195000
C.A. Prabha Gupta	70000
C.A. Pratibha Ag	70000
Dr. USHA GUPTA	56250
Ram Agarwal	196000
Sudha Goyal	50000
Rakesh Agarwal	50000
Anirudh Goyal	50000
Total	1999750

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2016

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

BUSINESS DETAILS

Line of Business :

• Manufacturing, Trading, Importing and Dealing in all kinds of Base Metals like copper, aluminium, zinc, lead, tin, Nickel, etc Non-ferrous Metal Alloys and Ferro-Alloys, minerals and ores. (Confirmed by management)

• Subject is engaged primarily in the business of Trading in Metals and Alloys. (Registered Activity)

Products :

Item Code No.	Product Description
71151407	Metal and Alloy

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Products :

• Copper
• Aluminium
• Zinc
• Lead
• Tin
• Nickel
• Non-Ferrous Metal Alloys
• Ferro-Alloys, Minerals and Ore

Countries :

• Europe
• Russia
• Gulf Countries
• United Arab Emirates
• Malaysia
• Singapore
• Indonesia
• Thailand
• Bangladesh

Terms :

Selling :

L/C, Cash and Credit (30/ 60 Days)

Purchasing :

L/C, Cash and Credit (30/ 60 Days)

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 :

Wholesalers, Retailers, End Users, OEMs and Others

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

No. of Employees :

42 (Approximately) (In Office-12 + In Factory-20 + In Branch-10)

Bankers :

Bank Name	Union Bank of India
Branch	Yusuf Sarai Branch, C-1 Green Park Extension, Arvindo Marg, New Delhi – 110016, India
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)	INR 850.000 Million
Account Operation	--
Remarks (If any)	--

Facilities :

Secured Loan	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Short-term borrowings
Loans repayable on demand from banks	644.364	593.411
Total	644.364	593.411

Auditors :
Name :	Naveen Kumar Gupta and Compnay Chartered Accountants
Address :	2994/3, F.F. Gali No. 17, Bank Side , Ranjeet Nagar , New Delhi – 110008, India
Tel. No.:	91-9311134578
E-Mail :	naveenguptaaca@gmail.com
Income-tax PAN of auditor or auditor's firm :	AHEPG8185D
Memberships :	Not Available
Collaborators :	Not Available
Associate :	Himgiri Buildcon and Industries Limited

CAPITAL STRUCTURE

As on 30.09.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	INR 10/- each	INR 20.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1999750	Equity Shares	INR 10/- each	INR 19.998 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	19.998	16.778	16.778
(b) Reserves & Surplus	187.119	149.525	140.316
(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)	207.117	166.303	157.094
(3) Non-Current Liabilities
(a) long-term borrowings	8.127	32.185	32.185
(b) Deferred tax liabilities (Net)	9.498	8.630	8.674
(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)	17.625	40.815	40.859
(4) Current Liabilities
(a) Short term borrowings	644.364	593.411	648.600
(b) Trade payables	86.584	83.420	27.667
(c) Other current liabilities	0.319	0.179	0.346
(d) Short-term provisions	1.620	1.753	1.543
Total Current Liabilities (4)	732.887	678.763	678.156
TOTAL	957.629	885.881	876.109
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	98.062	96.750	98.769
(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	3.007	0.320
(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	98.062	99.757	99.089
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	160.404	161.408	163.733
(c) Trade receivables	644.116	603.354	566.764
(d) Cash and cash equivalents	35.322	0.729	12.797
(e) Short-term loans and advances	19.725	20.633	33.726
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	859.567	786.124	777.020
TOTAL	957.629	885.881	876.109

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	SALES
	Income	1803.203	1654.385	1649.949
	Other Income	6.217	12.051	4.110
	TOTAL	1809.420	1666.436	1654.059
Less	EXPENSES
	Purchases of Stock-in-Trade	1742.242	1627.423	1615.969
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	1.004	2.326	(15.181)
	Employees benefits expense	3.930	3.966	1.895
	Other expenses	2.356	1.838	3.055
	TOTAL	1749.532	1635.553	1605.738
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	59.888	30.883	48.321
Less	FINANCIAL EXPENSES	47.153	17.896	41.023
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	12.735	12.987	7.298
Less/ Add	DEPRECIATION/ AMORTISATION	1.633	2.068	1.633
	PROFIT/ (LOSS) BEFORE TAX	11.102	10.919	5.665
Less	TAX	2.488	1.709	1.721
	PROFIT/ (LOSS) AFTER TAX	8.614	9.210	3.944
	Earnings / (Loss) Per Share (INR)	4.62	5.49	2.35

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016	31.03.2015	31.03.2014
Current Maturities of Long term debt	NA	0.000	0.000
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	32.955	(37.859)	37.046
Net cash flow from operating activity	31.202	(39.401)	35.987

KEY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin (PAT / Sales)	(%)	0.48	0.56	0.24
Operating Profit Margin (PBIDT/Sales)	(%)	3.32	1.87	2.93
Return on Total Assets (PBT/Total Assets}	(%)	1.16	1.24	0.65
Return on Investment (ROI) (PBT/Networth)		0.05	0.07	0.04
Debt Equity Ratio (Total Debt /Networth)		3.15	3.76	4.33
Current Ratio (Current Asset/Current Liability)		1.17	1.16	1.15

FINANCIAL ANALYSIS

[all figures are in 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	16.778	16.778	19.998
Reserves & Surplus	140.316	149.525	187.119
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	157.094	166.303	207.117
long-term borrowings	32.185	32.185	8.127
Short term borrowings	648.600	593.411	644.364
Total borrowings	680.785	625.596	652.491
Debt/Equity ratio	4.334	3.762	3.150

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	1649.949	1654.385	1803.203
		0.269	8.995

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	1649.949	1654.385	1803.203
Profit	3.944	9.210	8.614
	0.24%	0.56%	0.48%

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	Yes
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	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 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	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

PARTICULARS	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Long-term Borrowings
Loans and advances from related parties	8.127	32.185
Total	8.127	32.185

INDEX OF CHARGES

Charges Registered
SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	C63225684	10357157	Union Bank of India	15/05/2012	18/08/2015	-	1151800000.0	Yusuf Sarai BranchC-1 Green Park Extension, Arvindo Marg New Delhi 110016 INDIA
2	B73489148	10000434	State Bank of India	31/01/2006	03/08/2011	23/04/2013	568200000.0	Commercial BranchA-5 South Extension Part-I New Delhi 110048 INDIA
3	A79794632	80053668	Punjab National Bank	25/03/1991	-	04/03/2010	450000.0	Bhikaji Cama Place,New Delhi 110066 INDIA
4	A79794046	80053676	Punjab National Bank	25/03/1991	02/07/1993	04/03/2010	1000000.0	Bhikaji Cama Place,New Delhi 110066 INDIA
5	A79794491	80053675	Punjab National Bank	13/08/2001	-	04/03/2010	34000000.0	Bhikaji Cama Place,New Delhi 110066 INDIA
6	A79794137	80053677	Punjab National Bank	13/05/1980	-	04/03/2010	240000.0	Bhikaji Cama Place,New Delhi 110066 INDIA
7	A79794111	80053667	Punjab National Bank	14/07/2003	-	04/03/2010	14000000.0	BO-Bhikaji Cama PlaceNew Delhi 110066 INDIA
8	A79794673	80053671	Punjab National Bank	13/08/2001	-	04/03/2010	5000000.0	Bhikaji Cama Place,New Delhi 110066 INDIA
9	A79794178	80053669	Punjab National Bank	25/03/1991	-	04/03/2010	250000.0	Bhikaji Cama Place,New Delhi 110066 INDIA
10	A79794277	80053670	Punjab National Bank	20/07/2000	-	04/03/2010	26000000.0	Bhikaji Cama Place,New Delhi 110066 INDIA

FIXED ASSETS

• Land
• Buildings
• Factory building
• Plant and equipment
• Other plant and equipment
• Furniture and fixtures
• Vehicles
• Motor vehicles
• Computer equipments

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 63.97
UK Pound	1	INR 88.12
Euro	1	INR 78.34

INFORMATION DETAILS

Report Prepared by :

SUD

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.