MIRA INFORM REPORT

Report No. :	516695
Report Date :	23.06.2018

IDENTIFICATION DETAILS

Name :	QS METROLOGY PRIVATE LIMITED
Registered Office :	806, T C Jaina Tower-1, District Centre, Janak Puri, New Delhi - 110058
Tel. No.:	91-11-25594270/ 25573986
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	27.08.2004
CIN No.: [Company Identification No.]	U51909DL2004PTC128646
Capital Investment / Paid-up Capital :	INR 0.100 Million
IEC No.: [Import-Export Code No.]	0504068997
PAN No.: [Permanent Account No.]	AAACQ1150E
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of Trading of Electronics equipments and parts. (Registered activity and also confirmed by management)
No. of Employees :	15 (Approximately)

ECGC Country Risk Classification List

Country Name	Previous Rating (31.12.2017)	Current Rating (01.04.2018)
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 31-03-2018.

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 23.06.2018

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 (GENERAL DETAILS)

Name :	Mr. Jitendra
Designation :	Sales Coordinator
Contact No.:	91-11-25594270

LOCATIONS

Registered Office :	806, T C Jaina Tower-1, District Centre, Janak Puri, New Delhi – 110058, India
Tel. No.:	91-11-25594270/ 25573986
Mobile No.:	91-9810259839 (Mr. Bob Albin)
Fax No.:	91-11-25614270
E-Mail :	gambhir1234@gmail.com bob@qsmetrology.com
Area :	456 Sq. Ft.
Location :	Owned
Locality:	Commercial
Branches :	Located At: Pune Cochin Bangalore
Warehouse:	Located At: · Bangalore (Karnataka)

DIRECTORS

AS ON 31.03.2016

Name :

Mr. Bob Albin

Designation :

Director

Address :

A-2, Sangmitra Apartments, Plot No.20, Sector-4, Dwarka, New Delhi - 110075, India

Date of Appointment :

27.08.2014

DIN No.:

00267629

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74999DL2014PTC268068	SKILLWARDS TECHNO INDIA PRIVATE LIMITED	18/06/2014	-

Name :

Mr. Jose Varghese

Designation :

Director

Address :

X/274, Cheriyil House, Kanakappalam Erumeli, Kottayam - 686509, Karnataka, India

Date of Birth :

11.10.1972

Date of Appointment :

15.12.2009

DIN No.:

02853121

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74999DL2014PTC268068	SKILLWARDS TECHNO INDIA PRIVATE LIMITED	18/06/2014	-

KEY EXECUTIVES

Name :	Mr. Jitendra
Designation :	Sales Coordinator

MAJOR SHAREHOLDERS

AS ON 31.03.2016

Names of Shareholders	No. of Shares	% of Holding
Bob Albin	5100	51.00%
Jose Varghese	4900	49.00%
Total	10000	100.00%

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2016

Category	Percentage
Promoters [Individual/Hindu Undivided Family – Foreign national(other than NRI)]	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of Trading of Electronics equipments and parts. (Registered activity and also confirmed by management)

Products / Services :

ITC Code	Product/ Services Description
99611854	Trading of electronics equipments and parts

Agencies Held :

Not Divulged

Exports :

Products :

Software

Countries :

• Dubai
• Turkey
• Bangladesh

Imports :

Products :

Roughness Testing and Roundness Testing Machine

Countries :

• China
• Japan
• Germany
• Taiwan

Terms :

Selling :

Advance Payment, Cheque and Credit (30/60/90)

Purchasing :

Advance Payment, Cheque and Credit (30/60/90)

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, Manufacturer

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

No. of Employees :

15 (Approximately)

Bankers :

Banker Name :	Federal Bank Limited
Branch :	Sector 5, Dwarka New Delhi, 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 :	--

· HDFC Bank Limited

Facilities :

(INR In Million)

SECURED LOAN	As on 31.03.2016	As on 31.03.2015
LONG TERM BORROWING
Loan from Bank – HDFC Bank	0.000	0.157
Total	0.000	0.157

Auditors :
Name :	R. Gambhir and Company Chartered Accountants
Address :	2162/29, IInd Floor, Guru Arjun Nagar, Main Patel Road, New Delhi-110008, India
Tel. No.:	91-11-25700770/ 65466044
Mobile No.:	91-9810126690
E-Mail :	gambhir1234@gmail.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAAPG5141L
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

AS ON 30.09.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	INR 10/- each	INR 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	INR 10/- each	INR 0.100 Million

FINANCIAL DATA

[all figures are 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	0.100	0.100	0.100
(b) Reserves & Surplus	1.686	1.200	0.835
(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)	1.786	1.300	0.935
(3) Non-Current Liabilities
(a) long-term borrowings	1.493	2.962	2.812
(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)	1.493	2.962	2.812
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	3.097	7.720	6.893
(c) Other current liabilities	2.863	1.833	2.177
(d) Short-term provisions	0.201	0.145	0.122
Total Current Liabilities (4)	6.161	9.698	9.192
TOTAL	9.440	13.960	12.939
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.433	0.449	0.347
(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)	0.062	0.038	0.033
(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	0.495	0.487	0.380
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1.003	0.431	1.341
(c) Trade receivables	4.120	9.255	6.840
(d) Cash and cash equivalents	0.406	1.191	1.671
(e) Short-term loans and advances	3.416	2.596	2.707
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	8.945	13.473	12.559
TOTAL	9.440	13.960	12.939

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	SALES
	Income	24.610	28.214	31.606
	Other Income	0.093	0.056	0.072
	TOTAL	24.703	28.270	31.678
Less	EXPENSES
	Cost of Goods Sold	15.948	19.284	26.230
	Changes in inventories of finished goods	(0.573)	0.910	(0.220)
	Employees benefits expense	3.140	2.943	2.235
	Other expenses	5.369	4.164	2.838
	TOTAL	23.884	27.301	31.083
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	0.819	0.969	0.595
Less	FINANCIAL EXPENSES	0.054	0.296	0.136
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.765	0.673	0.459
Less/ Add	DEPRECIATION/ AMORTISATION	0.077	0.167	0.093
	PROFIT/ (LOSS) BEFORE TAX	0.688	0.505	0.366
Less	TAX	0.178	0.141	0.122
	PROFIT/ (LOSS) AFTER TAX	0.511	0.365	0.244
	Earnings / (Loss) Per Share (INR)	51.08	36.51	24.42

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	0.024	0.402
Net cash flow from (used in) operations	NA	NA	NA
Net cash flow from operating activities	NA	(0.121)	0.281

KEY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin (PAT/Sales)	(%)	2.08	1.29	0.77
Operating Profit Margin (PBDIT/Sales)	(%)	3.33	3.43	1.89
Return on Total Assets (PBT/Total Assets)	(%)	7.29	3.62	2.83
Return on Investment (ROI) (PBT/Networth)		0.39	0.39	0.39
Debt Equity Ratio (Total Debt /Networth)		0.84	2.28	3.01
Current Ratio (Current Asset/Current Liability)		1.45	1.39	1.37

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	0.100	0.100	0.100
Reserves & Surplus	0.835	1.200	1.686
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	0.935	1.300	1.786
Long-term borrowings	2.812	2.962	1.494
Short term borrowings	0.000	0.000	0.000
Total borrowings	2.812	2.962	1.494
Debt/Equity ratio	3.007	2.278	0.837

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	31.607	28.214	24.610
		(10.732)	(12.774)

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	31.607	28.214	24.610
Profit/ (Loss)	0.243	0.365	0.511
	0.77%	1.29%	2.08%

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	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)	Yes
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	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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

OPERATIONS:

The Company has reported total income of INR 24.703 million for the current year as compared to INR 28.270 in the previous year. The net profit for the year under review amounted to INR 0.511 in the current year as compared to net profit INR 0.365 in the previous year.

UNSECURED LOANS:

Particulars	31.03.2016 INR In Million	31.03.2015 INR In Million
LONG TERM BORROWINGS
Loan from Directors and relatives
Bob Albin	0.286	0.737
Jose Varghese	1.207	2.067
Total	1.493	2.804

INDEX OF CHARGE: No Charges Exists for Company

FIXED ASSETS:

· Air Conditioner

· Car Zen

· Computer

· Fax Machine

· refrigerator

· Furniture and Fixtures

· Mobile Phones

· Motor bike

· office Equipment

· Television

· EPABX

· Car Toyota

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 67.77
UK Pound	1	INR 89.96
Euro	1	INR 78.86

INFORMATION DETAILS

Information Gathered by :	SHI
Report Prepared by :	RUP

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.