MIRA INFORM REPORT

Report Date :

15.12.2014

IDENTIFICATION DETAILS

Name :	BAHUBALI TRADING COMPANY
Registered Office :	Mohalla Kajippur, Near Patel Chauraha, Fatehpur, Barabanki – 225305, Uttar Pradesh
Country :	India
Financials (as on) :	31.03.2014
Year of Establishment :	2010
Capital Investment / Paid-up Capital :	Rs.2.276 Millions (Estimated)
TIN No.:	09550606125
PAN No.: [Permanent Account No.]	ANVPJ9693Q
Legal Form :	Sole Proprietary Concern
Line of Business :	Dealer and Trader of Essential Oils (Mentha Oils)
No. of Employees :	12 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established proprietary concern having satisfactory track record. Profitability of the company seems to be low during 2014. However, trade relations are fair. Business is active. Payments terms are reported to be slow but correct. The concern can be considered for business dealings at usual 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. R.K. Shukla
Designation :	Accounts Department
Contact No.:	91-9455288278
Date :	10.12.2014

LOCATIONS

Registered Office :	Mohalla Kajippur, Near Patel Chauraha, Fatehpur, Barabanki – 225305, Uttar Pradesh, India
Tel. No.:	Not Available
Mobile No.:	91-9919650820 (Mr. Pradeep Jain) 91-9455288278 (Mr. Sharad)
Fax No.:	Not Available
E-Mail :	sharadverma@gmail.com

SOLE PROPRIETOR

Name :	Mr. Arvind Kumar Jain
Designation :	Proprietor

KEY EXECUTIVES

Name :	Mr. R.K. Shukla
Designation :	Accounts Department

BUSINESS DETAILS

Line of Business :	Dealer and Trader of Essential Oils (Mentha Oils)
Products :	Not Available
Brand Names :	---
Agencies Held :	---
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cash and Credit (30 ---- Days)
Purchasing :	Cash and Credit (30 ---- Days)

PRODUCTION STATUS

Particulars	Unit	Opening Balance	Inward	Outward	Closing Balance
DMO	Kg	2296.80	---	2296.80	---
Menthol	Kg	5144.00	---	5144.00	---
Drum	Kg	504.00	262.00	--	766.00
Menthe oil	Kg	10959.75	244141.40	248040.00	7061.15

GENERAL INFORMATION

Suppliers :

Reference :	Gupta Traders (Dussehara Bagh Barabanki)
Name of the Person :	Mr. P. K. Gupta (Chief Executive Officer)
Contact No.:	91-9336328699
Since How Long Known :	3 years
Experience :	Good
Maximum Limit Dealt :	Not Divulged
Remark :	They gave us positive response about the subject company they are satisfied with their payment behaviour.

Customers :

Retailers and Others

Reference :	Nector life sciences limited
Name of the Person :	Mr. Sukhvender Singh (Deputy General Manager operation)
Contact No.:	91-9316286372
Since How Long Known :	2011
Experience :	Good
Maximum Limit Dealt :	Not Divulged
Remark :	They are us positive response about the subject company they are satisfied with their product quality delivery behaviour.

No. of Employees :

12 (Approximately)

Bankers :

Banker Name :	HDFC Bank Limited
Branch Address :	Barabanki – 225305, Uttar Pradesh, India
Facilities :	Not Divulged
Person Name :	Mr. Ahmed (Manager)
Contact No.:	91-9839195999
Report :	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

Banker Name :	Bank of India
Branch Address :	Barabanki – 225305, Uttar Pradesh, India
Facilities :	Not Divulged
Person Name :	Not Divulged
Contact No.:	Not Divulged
Report :	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 :

--

Auditors :
Name :	Mrugan Pandey and Associates Chartered Accountants
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2014

Capital Investment :
Owned :	Rs.2.276 Millions (Estimated)
Borrowed :	--
Total :	Rs.2.276 Millions (Estimated)

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2014
SHAREHOLDERS FUNDS
1] Proprietor Capital		2.276
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		2.276
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.635
TOTAL BORROWING		0.635
DEFERRED TAX LIABILITIES		0.000
TOTAL		2.911
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		12.509
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	7.457
	Sundry Debtors	2.868
	Cash & Bank Balances	18.197
	Other Current Assets	0.000
	Loans & Advances	4.093
Total Current Assets		32.615
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	42.203
	Other Current Liabilities	0.010
	Provisions	0.000
Total Current Liabilities		42.213
Net Current Assets		(9.598)
MISCELLANEOUS EXPENSES		0.000
TOTAL		2.911

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014
	SALES
		Income	240.742
		Other Income	0.000
		TOTAL	240.742
Less	EXPENSES
		Cost of goods sold	210.986
		Salary	0.180
		Bank charges	0.027
		Freight	0.015
		Travelling and conveyance	0.020
		Communication expenses	0.011
		Godown rent	0.120
		Office expenses	0.018
		Audit fee	0.010
		Printing and stationery	0.005
		Interest for Innova car	0.029
		R/O	0.000
		DMO	2.756
		Mentha Oil	14.878
		Menthol	8.488
		Empty Drums	0.727
		Mandi shulk	1.920
		TOTAL	240.190
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.552
Less/ Add	DEPRECIATION/ AMORTISATION		0.046
	NET PROFIT		0.506

KEY RATIOS

PARTICULARS		31.03.2014
Return on Total Assets (PBT/Total Assets}	(%)	1.55
Return on Investment (ROI) (PBT/Networth)		0.22
Debt Equity Ratio (Total Debt /Networth)		0.27
Current Ratio (Current Asset/Current Liability)		0.77

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	No
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last one years	Yes
12]	Profitability for last two years	No
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	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	No
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	No
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	No
31]	Date of Birth of Proprietor/Partner/Director, if available	No
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

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 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.62.44
UK Pound	1	Rs.98.15
Euro	1	Rs.77.38

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	RSM
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		45

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.