MIRA INFORM REPORT

Report No. :	487582
Report Date :	24.01.2018

IDENTIFICATION DETAILS

Name :	Z H INDUSTRIES PRIVATE LIMITED
Registered Office :	H. No.- M-93/B, 4th/F, Abul Fazal Enclave, Part-1, Jamia Nagar, Delhi - 110025
Mob. No.:	91-9560889947 [Office]
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	26.02.2014
Com. Reg. No.:	55-265453
Capital Investment / Paid-up Capital :	INR 20.100 Million
CIN No.: [Company Identification No.]	U45200DL2014PTC265453
IEC No.:	Not Applicable [As informed by the management that firm does not have export and import]
TIN No.:	Not Divulged
GST No.:	07AAACZ7410L1Z4 09AAACZ7410L1Z0 [Hapur]
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACZ7410L
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Fabricated Structural Metal Products. [Registered Activity]
No. of Employees :	Not Divulged

RATING & COMMENTS

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

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Maximum Credit Limit :	USD 82500
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject was incorporated in the year 2014. It is a manufacturer of fabricated steel. For the financial year 2017, the company has achieved revenue growth of 16.80% as compared to the previous year along with an average profit margin of 2.17%. The moderate financial risk profile of the company is marked by low reserve base as compared to its capital along with average debt balance sheet profile. Payments are reported to be slow. In view of aforesaid, the company can be considered for business dealings with some caution. NOTE: As per Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to financial for the year 31.03.2017 are not available from any sources.

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

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 24.01.2018.

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 DECLINED

MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-9560889947/ 9560898768]

LOCATIONS

Registered Office :	H. No.- M-93/B, 4th/F, Abul Fazal Enclave, Part-1, Jamia Nagar, Delhi - 110025, India
Tel. No.:	Not Available
Mobile No.:	91-9560889947/ 9560898768 [Office]
Fax No.:	Not Available
E-Mail :	26vinit@gmail.com
Head Office:	32 KM Mile Stone, Delhi Hapur Road, Masoorie, Ghaziabad - 201302, Uttar Pradesh, India

DIRECTORS

AS ON: 31.03.2017

Address :

Mr. Zakir Hussain

Date of Birth:

Director

Address :

Zum Zum Cold Storage, Massori, Dasna Delhi-Hapur Road, Ghaziabad - 201302, Uttar Pradesh, India

02.02.1964

Date of Appointment :

26.02.2014

DIN No.:

00173723

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U15127DL2002PTC117975	ZAM ZAM FROZEN FOODS PRIVATE LIMITED	10/12/2002	-
U29253DL2007PTC167626	ZAY ENGINEERS PRIVATE LIMITED	31/08/2007	-
U51909DL2007PTC168270	Z. M. ENGINEERING PRIVATE LIMITED	17/09/2007	-
U63022DL2001PTC110321	ZUM ZUM COLD STORAGE PRIVATE LIMITED	04/04/2001	-

Name :

Mr. Mehrun Nisa

Designation :

Director

Address :

Zum Zum Cold Storage, Massori, Dasna Delhi-Hapur Road, Ghaziabad - 201302, Uttar Pradesh, India

Date of Birth:

01.03.1966

Date of Appointment :

26.02.2014

DIN No.:

00173883

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U15127DL2002PTC117975	ZAM ZAM FROZEN FOODS PRIVATE LIMITED	10/12/2002	-
U51909DL2007PTC168270	Z. M. ENGINEERING PRIVATE LIMITED	17/09/2007	-
U63022DL2001PTC110321	ZUM ZUM COLD STORAGE PRIVATE LIMITED	04/04/2001	-

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON: 31.03.2017

Names of Shareholders	No. of Shares
Zakir Hussain	1
Zum Zum Cold Storage Private Limited, India	2009999
Total	2010000

AS ON: 30.09.2017

Equity Share Breakup	Percentage of Holding
Category
Public/Other than promoters (Body corporate)	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Fabricated Structural Metal Products. [Registered Activity]

Products :

ITC Code No.	Product Descriptions
99887110	Fabricated structural metal product manufacturer

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS: (NOT AVAILABLE)

GENERAL INFORMATION

Suppliers :

Jai Shri Krishnas

Neeraj Crane

S K Engineers

United Marble

A B Agro International

R K enterprises, etc.

Customers :

· Sky Line engg

· Ahluwalia Contracts India Limited

· M G Contractors

· Khajuna Construction, etc.

No. of Employees :

Not Divulged

Bankers :

· State Bank of India

SME Branch, Okhla Industrial Estate, New Delhi - 110020, India

Facilities :

SECURED LOANS	31.03.2016 (INR In Million)	31.03.2015 (INR In Million)
LONG-TERM BORROWINGS	48.936	44.361
IndusInd Bank (Jcb 15 Ton)	0.525	0.897
IndusInd Bank (Jcb 12 Ton)	0.090	0.441
SBI car loan (Bajero Srinagar 4247)	0.653	1.082
SBI car loan (Bajero)	0.836	0.000
SBI term loan (704) (asset back loan) against company property	7.571	8.787
SBI term loan (8839) (asset back loan) against company property	9.686	12.727
TVS credit service limited (against car figro)	0.121	0.000
TVS credit service limited (against car 410)	0.082	0.500
Magma fincorp limited (against personnel gurantee of director)	0.858	1.307
SBI car loan xcent (139)	0.625	0.000
HDFC loan (Bolero)	0.507	0.000
SHORT TERM BORROWINGS
SBI CC(8602)	48.936	44.361
Total	70.490	70.102

Auditors :
Name :	KSV and company Chartered Accountants
Address :	Rdc-189, Raj Nagar, Ghaziabad - 201001, Uttar Pradesh, India
Tel. No.:	91-120-4115912
Income-tax PAN of auditor or auditor's firm :	AAHFK3656K
Memberships :	Not Available
Collaborators :	Not Available
Holding Company :	Zum Zum Cold Storage Private Limited [U63022DL2001PTC110321]

CAPITAL STRUCTURE

AS ON: 31.03.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
4000000	Equity Shares	INR 10/- each	INR 40.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2010000	Equity Shares	INR 10/- each	INR 20.100 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	20.100	20.100	0.100
(b) Reserves & Surplus	8.780	3.836	(0.041)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.100
Total Shareholders’ Funds (1) + (2)	28.880	23.936	0.159
(3) Non-Current Liabilities
(a) Long-term borrowings	25.924	27.061	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)	25.924	27.061	0.000
(4) Current Liabilities
(a) Short term borrowings	48.936	44.361	0.000
(b) Trade payables	13.362	28.467	0.000
(c) Other current liabilities	0.000	0.000	0.000
(d) Short-term provisions	6.411	29.891	0.002
Total Current Liabilities (4)	68.709	102.719	0.002
TOTAL	123.513	153.716	0.161
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	42.396	38.139	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)	0.592	0.158	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.072	0.108	0.144
Total Non-Current Assets	43.060	38.405	0.144
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	26.250	23.499	0.000
(c) Trade receivables	36.873	69.234	0.000
(d) Cash and cash equivalents	1.179	0.409	0.017
(e) Short-term loans and advances	0.000	0.858	0.000
(f) Other current assets	16.151	21.311	0.000
Total Current Assets	80.453	115.311	0.017
TOTAL	123.513	153.716	0.161

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2016	31.03.2015	31.03.2014
	SALES
		Revenue from Operations	227.430	194.720	0.000
		Other Income	1.220	0.954	0.000
		TOTAL	228.650	195.674	0.000
Less	EXPENSES
		Purchases	80.591	62.608	0.000
		Increase in stock	(2.751)	(4.866)	0.000
		Direct expense	115.924	112.289	0.000
		Selling, establishment and administrative expenses	11.148	6.686	0.041
		TOTAL	204.912	176.717	0.041
	PROFIT/(LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		23.738	18.957	(0.041)
Less	FINANCIAL EXPENSES		8.380	6.817	0.000
	PROFIT/(LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION		15.358	12.140	(0.041)
Less/ Add	DEPRECIATION/ AMORTISATION		8.203	6.529	0.000
	PROFIT/(LOSS BEFORE TAX		7.155	5.611	(0.041)
Less	TAX		2.211	1.734	0.000
	PROFIT/(LOSS) AFTER TAX		4.944	3.877	(0.041)
	Earnings/(Loss)Per Share (INR)		2.46	1.93	(4.10)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	(44.369)	(0.003)
Net Cash from Operating Activities	NA	(46.262)	(0.003)

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Average Collection Days (Sundry Debtors / Income * 365 Days)	59.18	129.78	0.00
Account Receivables Turnover (Income / Sundry Debtors)	6.17	2.81	0.00
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	60.52	165.96	0.00
Inventory Turnover (Operating Income / Inventories)	0.90	0.81	0.00
Asset Turnover (Operating Income / Net Fixed Assets)	0.56	0.50	0.00

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.77	0.84	0.01
Debt Equity Ratio (Total Liability / Networth)	2.59	2.98	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	2.38	4.29	0.01
Fixed Assets to Networth (Net Fixed Assets / Networth)	1.47	1.59	0.00
Interest Coverage Ratio (PBIT / Financial Charges)	2.83	2.78	0.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin ((PAT / Sales) * 100)	%	2.17	1.99	0.00
Return on Total Assets ((PAT / Total Assets) * 100)	%	4.00	2.52	(25.47)
Return on Investment (ROI) ((PAT / Networth) * 100)	%	17.12	16.20	(25.79)

SOLVENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Ratio (Current Assets / Current Liabilities)	1.17	1.12	8.50
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.79	0.89	8.50
G-Score Ratio Financial (Networth / Total Assets)	0.23	0.16	0.99
G-Score Ratio Debt (Debts / Equity Capital)	3.72	3.55	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.17	1.12	8.50

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	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Share Capital	0.100	20.100	20.100
Reserves & Surplus	(0.041)	3.836	8.780
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.100	0.000	0.000
Net worth	0.159	23.936	28.880
long-term borrowings	0.000	27.061	25.924
Short term borrowings	0.000	44.361	48.936
Total borrowings	0.000	71.422	74.860
Debt/Equity ratio	0.000	2.984	2.592

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	0.000	194.720	227.430
			16.798

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	0.000	194.720	227.430
Profit/(Loss)	(0.041)	3.877	4.944
		1.99%	2.17%

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	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	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

SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	DATE OF SATISFACTION	AMOUNT	ADDRESS
1	G45974060	10525645	STATE BANK OF INDIA	28/03/2014	10/04/2017	-	165100000.0	SME BRANCH,OKHLA INDUSTRIAL ESTATENEW DELHIDL110020IN

UNSECURED LOANS

PARTICULARS	31.03.2016 (INR In Million)	31.03.2015 (INR In Million)
LONG-TERM BORROWINGS
Harun	0.300	0.000
Kasim	0.300	0.000
Mehru-N-Nisa	1.270	1.320
Zakir Hussain	2.500	0.000
Total	4.370	1.320

OPERATION

The company has reported total income of INR 228.650 million for the current year as compared to INR 195.674 million in the previous year. The net profit for the year is amounted to INR 4.944 million as compared to INR 3.877 in the previous year.

FIXED ASSETS:

· Company

· Factory shed and building

· Civil works

· Electric fittings

· Plant and machinery

· Generator

· Fittings and fixtures

· Tools and equipment

· Vehicles

· Office Equipment

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 63.77
UK Pound	1	INR 89.20
Euro	1	INR 78.22

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	PRY
Report Prepared by :	ARC

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	YES
--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.