MIRA INFORM REPORT

Report Date :

04.12.2014

Mobile No.:	91-9848005462
Email No.:	rramudyog@gmail.com

IDENTIFICATION DETAILS

Name :	RRAM UDYOG LLP
Registered Office :	4-4-1/C/1, Flat No C-12, Dilshad Plaza, Sultan Bazar, Hyderabad – 500095, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	17.04.2010 (Partnership Firm) 27.08.2010 (LLP)
LLPIN:	AAA-2126
Total Obligation of Contribution:	Rs.0.200 Million
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Limited Liability Partnership Firm
Line of Business :	Catering Service
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a limited liability partnership concern having moderate track record. The rating is constrained on account of concerns moderate financial risk profile marked by thin profitability margins and huge external borrowing taken by the concern. However, trade relations are fair. Business is active. Payment terms are slow but correct. The concern can be considered for business dealing with some caution.

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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

N E W S

Verdict Implications : Apex court order may alter coal import dynamics. Traders go slow on talks over coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.

Recent arrest of the Chennai head of the Registrar of Companies, the ministry of corporate affairs arm that ensures that companies file all the information required by the Companies Act is the latest manifestation of a messy fight between a father and his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as bribe from M A M Ramaswamy, a CBI official said.

Central Bureau of Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.

Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would take a few more quarters to bring down levels to 13-15 %.

DHL  to invest Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its e-commerce business model for the Asia-Pacific region.

Blackstone may buy stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.

Kingfisher Airlines Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses, recently approached the Delhi high court for relief in two separate cases. The airline challenged a notice by Punjab & National Bank alleging that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with the requirements under the listing agreements with the Stock Exchanges.

OnMobile likely to sack another 300 employees. The lay-offs follow a spate of senior-level exits over the past two years, starting with of its founder. The overall lay-offs could number around 600 and are driven by the need to cut costs, says a former employee.

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 31-03-2014.

INFORMATION DECLINED BY

Name :	Mr. Kamal Malapni
Designation :	Not Divulged
Contact No.:	91-9848005462
Date :	03.12.2014

LOCATIONS

Registered Office :	4-4-1/C/1, Flat No C-12, Dilshad Plaza, Sultan Bazar, Hyderabad – 500095, Andhra Pradesh, India
Tel. No.:	91-40-27957690
Mobile No.:	91-9848005462 (Mr. Kamal Kishore Malpani)
Fax No.:	Not Available
E-Mail :	sunillahoti@hotmail.com
Area :	1000 Sq. Ft.

DIRECTORS

Note: Latest partners details are not available.

Name :

Mr. Pradeep Kumar Darak

Designation :

Partner

Address :

H.No.5-8-32/35, Flat No.304, Sharada Fountain, Nampally, Hyderabad-500001, Andhra Pradesh, India

Date of Birth/Age :

28.10.1984

Date of Appointment :

27.08.2010

Date of cessation:

01.07.2013

PAN No.:

AHFPD6259G

DPIN No.:

05008958

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U25200TG2012PTC080666	PRATHAMESH POLYTHENE INDUSTRIES PRIVATE LIMITED	Director	01-04-13	01-04-13	-	Active	NO
2	AAA-2126	RRAM UDYOG LLP	Designated Partner	27-08-10	27-08-10	01-07-13	Active	NO

Name :

Mr. Vijay Kumar Malpani

Designation :

Partner

Address :

5-9-30/1/10/A, Street No.2, Plot-46, Palace Colony, Basheerbagh, Hyderabad-500063

Date of Birth/Age :

02.10.1973

Date of Appointment :

27.08.2010

Date of cessation:

01.12.2010

PAN No.:

ABMPM6704C

DPIN No.:

05008747

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	AAA-2126	RRAM UDYOG LLP	Designated Partner	27-08-10	27-08-10	01-12-10	Active	NO

Name :

Mr. Surya Prakash Malpani

Designation :

Partner

Address :

3-6-107,206, Palace Orchards, Himayatnagar, Hyderabad-500029, Andhra Pradesh, India

Date of Birth/Age :

08.05.1972

Date of Appointment :

27.08.2010

Date of cessation:

01.12.2010

PAN No.:

AEJPM9684E

DPIN No.:

5008740

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	AAA-2126	RRAM UDYOG LLP	Designated Partner	27-08-10	27-08-10	01-12-10	Active	NO

Name :

Mr. Ananthula Kalyan

Designation :

Partner

Address :

26-93/4, Mamtha Apartments, 2nd Floor, Balram Nagar Colony, Safilguda, Hyderabad-500047, Andhra Pradesh, India

Date of Appointment :

27.08.2010

Date of cessation:

01.12.2010

Date of Birth/Age :

10.11.1980

PAN No.:

AKSPA5166D

DPIN No.:

5008739

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	AAA-2126	RRAM UDYOG LLP	Designated Partner	27-08-10	27-08-10	01-12-10	Active	NO

Name :

Sunita Malpani

Designation :

Partner

Address :

5-9-30/1/10/A, Street No.2, Plot-46, Palace Colony, Basheerbagh, Hyderabad-500063

Date of Appointment :

01.12.2010

Date of cessation:

01.07.2013

Date of Birth/Age :

02.08.1971

PAN No.:

AJVPM7786P

DPIN No.:

5013132

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U24100TG2012PTC082313	SUAVE CORPORATION (INDIA) PRIVATE LIMITED	Director	01-01-13	01-01-13	-	Active	NO
2	AAA-2126	RRAM UDYOG LLP	Designated Partner	01-12-10	01-12-10	01-07-13	Active	NO

CAPITAL CONTRIBUTION

As on 31.03.2013

Names of Persons	Obligation of Contribution (Rs. In Millions)
Kanuparti Prasada Rao	0.100
Shanta Devi Malpani	0.100
Total	0.200

BUSINESS DETAILS

Line of Business :	Catering Service
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 :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

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

Facilities :

Secured Loan	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Long-term Borrowings
HDFC Car Loan	1.192	0.000
Total	1.192	0.000

Banking Relations :	--
Auditors :
Name :	B Ajay and Associates Chartered Accountants
Address :	302, 3^rd Floor, Brindawan Commercial Complex, Chirag Ali Lane, Abids, Hyderabad -500001, Andhra Pradesh, India
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	NIL

CAPITAL STRUCTURE

As on 31.03.2013

Particulars
K Prasada Rao (10%)	0.100
Shanta Devi (9%)	0.100
Pradeep Kumar Darak	0.000
Sunita Malpani	0.000
Total	0.200

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.200	0.200
(b) Reserves & Surplus	0.000	0.000
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	0.200	0.200
(3) Non-Current Liabilities
(a) long-term borrowings	7.168	6.278
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	7.168	6.278
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	75.073	6.009
(c) Other current liabilities	0.109	0.049
(d) Short-term provisions	0.000	0.000
Total Current Liabilities (4)	75.182	6.058
TOTAL	82.550	12.536
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets	1.939	0.784
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.020	-0.013
(d) Long-term Loan and Advances	1.418	0.465
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	3.377	1.236
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	10.098	0.965
(c) Trade receivables	68.625	9.776
(d) Cash and cash equivalents	0.450	0.559
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	0.000	0.000
Total Current Assets	79.173	11.300
TOTAL	82.550	12.536

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2014
	SALES
	Income	456.457
	Other Income	0.895
	TOTAL	457.352	NA
Less	EXPENSES
	Cost of Goods Sold	453.319
	Salaries	1.155
	Rents	0.108
	Travelling expense	0.104
	Petrol expense	0.101
	Telephone expense	0.067
	Staff Welfare	0.064
	Car Insurance	0.040
	Electricity	0.023
	Audit Fee	0.012
	Other expense	0.146
	Interest	0.176
	Interest to partners	0.272
	Partners Remuneration	0.936
	TOTAL	456.523	NA
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.829
Less/ Add	DEPRECIATION/ AMORTISATION	0.399
	NET PROFIT	0.430	NA

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.09	NA
Operating Profit Margin (PBIDT/Sales)	(%)	0.18	NA
Return on Total Assets (PBT/Total Assets}	(%)	0.52	NA
Return on Investment (ROI) (PBT/Networth)		2.15	NA
Debt Equity Ratio (Total Debt /Networth)		35.84	31.39
Current Ratio (Current Asset/Current Liability)		1.05	1.87

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.200	0.200
Reserves & Surplus	0.000	0.000
Net worth	0.200	0.200
long-term borrowings	6.278	7.168
Short term borrowings	0.000	0.000
Total borrowings	6.278	7.168
Debt/Equity ratio	31.390	35.840

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	Yes
10]	Designation of contact person	No
11]	Turnover of firm for last one year	Yes
12]	Profitability for last one year	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOAN

Unsecured Loan	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Long-term Borrowings
K Prasad Rao CA	0.080	0.000
Shamta Devi CA	0.911	0.261
Fine Chem Inc	0.495	0.495
Kamal Kishore Malpani – HUF	0.376	0.316
Krishna Kant Malpani	0.018	0.000
Pradeep Kumar Darak	0.731	0.886
Shree Natural Resources	2.250	2.250
Shri Ananthnla Kalyan	0.168	0.168
Sunita Malpani	0.839	1.780
Vijay Kumar Malpani	0.092	0.112
Vijay Kumar Malpani HUF	0.026	0.019
Total	5.986	6.287

FIXED ASSETS

• Car
• Computer
• Electronic Assets
• Furniture and Fixtures
• Honda Advisor
• Kitchen Equipment’s
• Mobile Phones
• Water Purifier

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	Indian Rupees
US Dollar	1	Rs.61.88
UK Pound	1	Rs.96.82
Euro	1	Rs.76.57

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KAR
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	–-
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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		27

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

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.