MIRA INFORM REPORT

Report Date :

30.10.2014

IDENTIFICATION DETAILS

Name :	ADABALA AQUA TRADERS
Registered Office :	D. No. 7-27, Behind Rajula Mess, Near SRKR Engineering College, Juvvalapalem Road, Bhimavaram, West Godavari District - 534203, Andhra Pradesh
Country :	India
Financials (as on) :	30.09.2014 (Provisional)
Year of Establishment :	2009
Capital Investment :	Rs. 60.429 Millions
PAN No.: [Permanent Account No.]	ARKPA3906A
Legal Form :	Sole Proprietary Concern
Line of Business :	Trader and Seller of Prawn’s.
No. of Employees :	35 (Approximately) [In Office: 5 + In Branch Office: 30]

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 :	Usually correct
Litigation :	Clear
Comments :	Subject is an established proprietorship concern having satisfactory track record. Trade relations are fair. Business is active. Payment terms reported to be usually correct. The concern can be considered for business dealing at usual trade terms and condition.

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.

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. Adabala Naga Venkata Peddiraju
Designation :	Proprietor
Contact No.:	91-9030479610
Date :	28.10.2014

LOCATIONS

Registered Office :	D. No. 7-27, Behind Rajula Mess, Near SRKR Engineering College, Juvvalapalem Road, Bhimavaram, West Godavari District - 534203, Andhra Pradesh, India
Tel. No.:	Not Available
Mobile No.:	91-9030479610/ 9951477779 (Mr. Adabala Naga Venkata Peddiraju)
Fax No.:	Not Available
E-Mail :	sarada1977@gmail.com
Location :	Rented
Shed :	3-209, Kopalle, Kalla Mandal, West Godavari District - 534206, Andhra Pradesh, India
Location :	Rented

SOLE PROPRIETOR

Name :	Mr. Adabala Naga Venkata Peddiraju
Designation :	Proprietor
Address :	D. No. 3-99, Gutlapadu Village, Bhimavaram Mandal, West Godavari District, Andhra Pradesh, India
Date of Birth/Age :	03.05.1978
Qualification :	SSC
Experience :	18 Years
PAN No.:	ARKPA3906A
Background :	Mr. Adabala Naga Venkata Peddiraju S/o Sri Lakshmanrao, Age of 36 Years, Proprietor of Adabala Aqua Traders, A resident of D. No. 7-27, Behind Rajula Mess, Near SRKR Engineering College, Juvvalapalem Road, Bhimavaram, West Godavari District - 534203, Andhra Pradesh, India, Hails from an affluent farming community. He is a young and dynamic business entrepreneur with rick and varied experience in different kinds of prawns (tiger, vannamei) trade. In other words, in the initial stages, a decade ago, he has started Aqua Culture modest scale by taking the support and cooperation of his family members which he has developed into various business ventures over these years to a very great extent. He started business by trading of Tiger, Scampi, and Vannamei. He was sole proprietor of this firm last 20 years now onwards he is associated with large volume of turnovers in prawns based products directly with the prawn exports companies. He was purchasing prawns in various farmers in various villages and various districts. (Nellore to Est Godavari Districts). And he was one of biggest supplier in various companies viz., Surya Mitra Exims Private Limited, Sprint Exports Private Limited, R and N Sea Foods, Ever Blue Sea Foods, Sai Aqua Marine Exports, etc.

BUSINESS DETAILS

Line of Business :

Trader and Seller of Prawn’s.

Products :

Item Code No. (ITC Code)	Product Description
109	Prawn Trading

Terms :

Selling :

Cash and Credit (60 Days)

Purchasing :

Cash and Credit (60 Days)

GENERAL INFORMATION

Customers :	Farmers · N J Exports · R and N Sea Foods · Sowmya Agri Marine · Sprint Exports Mob. No.: 91-8332847245 · Aditya Impex Address: Bhimavaram, Andhra Pradesh, India Mob. No.: 91-9581133445 (Mr. S. Nageswara Reddy) · R V R Marine Exports Private Limited Mob. No.: 91-9553992777 (Mr. K. Ravi Kumar) · Surya Mitra Exims Private Limited Mob. No.: 91-9703643737 (Mr. B Srinivasa Rao)
No. of Employees :	35 (Approximately) [In Office: 5 + In Branch Office: 30]
Bankers :	State Bank of India, Thyagaraju Bhavan, Bhimavaram, West Godavari District, Andhra Pradesh, India
Facilities :	--

Banking Relations :	--
Auditors :
Name :	M S M Rama Prasad Chartered Accountants
Address :	Bhimavaram, West Godavari District, Andhra Pradesh, India
Mobile No.:	91-9948533445

CAPITAL STRUCTURE

As on 30.09.2014 (Provisional)

Capital Investment :
Owned :	Rs. 60.429 Millions
Borrowed :	--
Total :	Rs. 60.429 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		30.09.2014 (6 Months) (Provisional)	31.03.2014 (12 Months)	31.03.2013	31.03.2012
SHAREHOLDERS FUNDS
1] Proprietors Capital		60.429	59.972	59.137	36.669
2] Share Application Money		0.000	0.000	0.000	0.000
3] Profit and Loss Account		0.000	0.000	0.000	0.000
4] (Accumulated Losses)		0.000	0.000	0.000	0.000
NETWORTH		60.429	59.972	59.137	36.669
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000	0.000
TOTAL		60.429	59.972	59.137	36.669
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		21.746	21.746	21.746	0.000
Capital work-in-progress		0.000	0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000	0.000
	Sundry Debtors	184.533	105.796	124.539	38.254
	Cash & Bank Balances	2.895	3.668	0.245	0.061
	Other Current Assets	0.000	0.000	0.000	0.000
	Loans & Advances	0.000	0.000	0.000	0.000
Total Current Assets		187.428	109.464	124.784	38.315
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	148.745	71.238	87.393	1.646
	Other Current Liabilities	0.000	0.000	0.000	0.000
	Provisions	0.000	0.000	0.000	0.000
Total Current Liabilities		148.745	71.238	87.393	1.646
Net Current Assets		38.683	38.226	37.391	36.669
MISCELLANEOUS EXPENSES		0.000	0.000	0.000	0.000
TOTAL		60.429	59.972	59.137	36.669

PROFIT & LOSS ACCOUNT

	PARTICULARS		30.09.2014 (6 Months) (Provisional)	31.03.2014 (12 Months)	31.03.2013	31.03.2012
	SALES
		Income	142.646	230.042	182.554	128.669
		Other Income	0.000	0.000	0.000	0.000
		TOTAL	142.646	230.042	182.554	128.669
Less	EXPENSES
		Prawn Purchases	138.848	224.585	178.402	127.845
		Direct Expenses and Shed Maintenance	0.945	1.579	1.269	0.000
		Salaries	0.423	0.850	0.700	0.192
		Rent	0.018	0.036	0.036	0.036
		Ice Expenses	0.552	0.758	0.459	0.000
		Vehicle Maintenance	0.516	0.752	0.325	0.044
		Travelling Expenses	0.316	0.315	0.413	0.000
		Staff Allowances	0.045	0.033	0.025	0.020
		Telephone and Cell Bills	0.009	0.018	0.016	0.013
		Electrical Expenses	0.007	0.015	0.016	0.012
		Farmers Expenses	0.108	0.065	0.028	0.018
		Miscellaneous and Other Expenses	0.388	0.175	0.128	0.039
		Bank and Other Charges	0.014	0.025	0.015	0.015
		TOTAL	142.189	229.206	181.832	128.234
	NET PROFIT/ (LOSS)		0.457	0.836	0.722	0.435

KEY RATIOS

PARTICULARS		30.09.2014 (6 Months) (Provisional)	31.03.2014 (12 Months)	31.03.2013	31.03.2012
PAT / Total Income	(%)	0.32	0.36	0.40	0.34
Net Profit Margin (PBT/Sales)	(%)	0.32	0.36	0.40	0.34
Return on Total Assets (PBT/Total Assets}	(%)	0.22	0.64	0.49	1.14
Return on Investment (ROI) (PBT/Networth)		0.01	0.01	0.01	0.01
Debt Equity Ratio (Total Debt/Networth)		0.00	0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.26	1.54	1.43	23.28

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particulars	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	36.669	59.137	59.972
Reserves & Surplus	0.000	0.000	0.000
Net worth	36.669	59.137	59.972
Secured Loans	0.000	0.000	0.000
Unsecured Loans	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	128.669	182.554	230.042
		41.879	26.013

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	128.669	182.554	230.042
Profit	0.435	0.722	0.836
	0.34%	0.40%	0.36%

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years and 6 Months	Yes
12]	Profitability for last three years and 6 Months	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	Yes
19]	Payments terms	Yes
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	No
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	No
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

------------------------------------------------------------------------------------------------------------------------------

MR. ADABALA NAGA VENKATA PEDDIRAJU

COMPUTATION OF TOTAL INCOME

(RS. IN MILLIONS)

PARTICULARS	31.03.2013
Income Heads	Income Before Set Off		Income After Set Off
Income from Salary		0.000		0.000
Income from House Property		0.000		0.000
Income from Business or Profession		0.721		0.721
Income from Capital Gains		0.000		0.000
Income from Other Sources		0.006		0.006
Gross Total Income				0.727
Less : Deduction under Chapter VIA				0.018
Total Income				0.709
Rounding off u/s 288A				0.709
Income Taxable at Normal Rate			0.709
Income Taxable at Special Rate			0.000
Agricultural Income			0.150
TAX CALCULATION
Basic Exemption Limit Rs.		0.200
Tax at Normal Rates		0.102
Total Tax				0.102
Less: Tax Rebate on Agriculture Income		0.015
Tax Payable				0.087
Add: Education Cess				0.001
Total				0.088
Add : Secondary and Higher Education Cess				0.001
Total				0.089
Less: TDS/ TCS				0.001
Assessed Tax				0.090
Add: Interest				0.016
u/s 234A 0.003 [4M]+0[4M]	0.003
u/s 234B 0.010 [11M]+0[0M]	0.010
u/s 234C (0.001+0.001+0.001)	0.003
Less: Tax Deposited u/s 140A				0.106
Amount Payable				0.000

------------------------------------------------------------------------------------------------------------------------------

CASH FLOW STATEMENT

(RS. IN MILLIONS)

PARTICULARS	2015	2016	2017
	Estimated	Projection	Projection
Operating Sector
Net Sales	265.850	362.050	0.000
Debtors (Trade)	58.087	6.357	(170.240)
Cash from Sales	207.762	355.693	170.240
Costs – Interests and Finance Charges	3.313	6.625	0.000
Expenses on Stocks Purchases	256.614	349.200	0.000
Trade Creditors	(7.305)	(5.458)	84.000
Manufacturing Expenses	1.772	1.852	0.000
Cash Cost of Sales	254.393	352.219	84.000
Expenses for Increase/ Decrease in Stocks	0.000	0.000	0.000
Cash from Asset Conversion Cycle	(46.631)	3.474	86.240
Selling, General and Admin. Expenses	3.197	3.364	0.000
Advance Payments	0.000	0.000	0.000
Advances Received	0.000	0.000	0.000
Taxation	0.000	0.000	0.000
Dividends	0.000	0.000	0.000
Cash From Operations	(49.828)	0.111	86.240
Other Current Assets	0.000	0.000	0.000
Other Current Liabilities	0.000	0.000	0.000
Other Income/ Expenses (Net)	0.000	(0.060)	0.000
Net Cash From Operations	(49.828)	0.171	86.240
Investment Sector
Capital Expenditure	0.000	0.000	(21.746)
Investment in Group Companies	0.000	0.000	0.000
Intangible/ Other Term Assets	0.000	0.000	0.000
Cash Before Funding	(49.828)	0.171	107.986
Financing Sector
Dues to Banks	50.000	0.000	(50.000)
Short Term Debts	0.000	0.000	0.000
Term Debts	0.000	0.000	0.000
Equity	0.954	1.070	(61.996)
Other Loans and Reserves	(0.954)	(1.070)	0.000
Total	50.000	0.000	(111.996)
Movement in Cash Assets	0.172	0.171	(4.010)
Cash and Bank Balance	0.172	0.171	(4.011)
Investments (Other Than Long Term)	0.000	0.000	0.000
Movement in Cash Assets	0.172	0.171	(4.011)

------------------------------------------------------------------------------------------------------------------------------

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

OPERATING STATEMENT

(RS. IN MILLIONS)

PARTICULARS	2015	2016	2017
	Estimated	Projection	Projection
SALES:
1. Domestic Sales	265.850	362.050	0.000
2. Export Sales	0.000	0.000	0.000
GROSS SALES	265.850	362.050	0.000
Less: Exice Duty/ Sales Tax	0.000	0.000	0.000
Add: Other Operating Income	0.000	0.000	0.000
NET SALES	265.850	362.050	0.000
Increase in Net Sales (%)	15.57	36.19	(100.00)
COST OF SALES:
1. Raw Materials	256.614	349.200	0.000
A. Imported	0.000	0.000	0.000
B. Indigenous	256.614	349.200	0.000
2. Other Spares	0.000	0.000	0.000
A. Imported	0.000	0.000	0.000
B. Indigenous	0.000	0.000	0.000
3. Power and Fuel	0.027	0.027	0.000
4. Direct Labour	1.745	1.825	0.000
5. Other Manufacturing Expenses	0.000	0.000	0.000
6. Depreciation / Amortisation	0.000	0.000	0.000
7. Repairs and Maintenance	0.000	0.000	0.000
SUB TOTAL :	258.386	351.052	0.000
Add: Opening Stock in Process	0.000	0.000	0.000
Less: Closing Stock in Process	0.000	0.000	0.000
COST OF PRODUCTION	258.386	351.052	0.000
COP as % of Gross Sales	97.19	96.96	0.00
Add: Opening Stock of Finished Goods	0.000	0.000	0.000
Less: Closing Stock of Finished Goods	0.000	0.000	0.000
COST OF SALES:	258.386	351.052	0.000
Cost of Sales as % of Gross Sales	97.19	96.96	0.00
Selling, General and Admin. Expenses	3.197	3.364	0.000
PROFIT BEFORE INTEREST AND TAX (PBIT)	4.267	7.635	0.000
PBIT as % of Gross Sales	1.61	2.11	0.00
Interest and Other Financial Charges	3.313	6.625	0.000
Interest and Financial Charges as % of Sales	1.25	1.83	0.00
OP. PROFIT BEFORE TAX (OPBT)	0.954	1.010	0.000
OPBT as % of Gross Sales	0.36	0.28	0.00
Add: Other Non-operative Income
1. Interest and Dividend	0.000	0.060	0.000
2. Exchange Profit/ Export Incentives	0.000	0.000	0.000
3. Excess Provision Written Back	0.000	0.000	0.000
4. Profit on Sale of Assets	0.000	0.000	0.000
5. Sale of Scrap/ Other Misc. Income	0.000	0.000	0.000
SUB-TOTAL (INCOME)	0.000	0.060	0.000
Less: Other Non-operating Expenses
1. Loss on Investment	0.000	0.000	0.000
2. Loss on Forex	0.000	0.000	0.000
3. Loss on Sale of Fixed Assets	0.000	0.000	0.000
4. Bad Debts Written Off	0.000	0.000	0.000
5. Miscellaneous Expenses Written Off	0.000	0.000	0.000
SUB-TOTAL (EXPENSES)	0.000	0.000	0.000
PROFIT BEFORE TAX/LOSS	0.954	1.070	0.000
Tax Paid	0.000	0.000	0.000
Deferred Tax Liability/ (Deffered Tax Asset)	0.000	0.000	0.000
Provision for Taxes	0.000	0.000	0.000
NET PROFIT/ LOSS (PAT)	0.954	1.070	0.000
PAT as % of Gross Sales	0.36	0.30	0.00
Equity/ Preference Dividend Paid:
1. Equity Dividend	0.000	0.000	0.000
2. Preference Dividend	0.000	0.000	0.000
RETAINED PROFIT	0.954	1.070	0.000

------------------------------------------------------------------------------------------------------------------------------

ANALYSIS OF BALANCE SHEET

(RS. IN MILLIONS)

PARTICULARS	2015	2016	2017
	Estimated	Projection	Projection
CURRENT LIABILITIES (CL):
Short term borrowings from banks (Including bill purchased/ discounted)
1. From Applicant Bank	50.000	50.000	0.000
2. From Other Banks	0.000	0.000	0.000
(Out of Total Bank Borrowings – BP& BD)	0.000	0.000	0.000
SUB-TOTAL	50.000	50.000	0.000
1. Short Term Borrowings from others Incl. CPs	0.000	0.000	0.000
2. Sundry Creditors (Trade)	78.542	84.000	0.000
3. Advance Payment from Customers/ Deposit from Dealers	0.000	0.000	0.000
4. Provision for Taxation	0.000	0.000	0.000
5. Dividend Payable	0.000	0.000	0.000
6. Other Stat. Liabilities (Due within 1 Year)	0.000	0.000	0.000
7. Instalments of TLs/ Debentures/ Preference Shares/ DPGs/ Deposits/ Unsecured Loans, etc. (due within 1 year)	0.000	0.000	0.000
8. Other Current Liabilities and Provisions (due within one year)	0.000	0.000	0.000
9. Interest accrued but not due	0.000	0.000	0.000
10. dues to Directors	0.000	0.000	0.000
11. Security Deposit – Suppliers and Contractors	0.000	0.000	0.000
12. Other Current Liabilities	0.000	0.000	0.000
SUB-TOTAL	78.542	84.000	0.000
TOTAL CURRENT LIABILITIES	128.542	134.000	0.000
TERM LIABILITIES
1. Debentures (not maturing within 1 year)	0.000	0.000	0.000
2. Preference Shares (redeemable with residual tenor for >1 Year and < 5 Years)	0.000	0.000	0.000
3. Term Loans (Excluding installments payable within 1 Year)	0.000	0.000	0.000
4. Term Deposits (Repayable after 1 Year)	0.000	0.000	0.000
5. Unsecured Loans (Repayable after 1 Year)	0.000	0.000	0.000
6. Mobilisation Adv. (Repayable after 1 Year)	0.000	0.000	0.000
7. Sundry Creditors for Capital Goods	0.000	0.000	0.000
8. Deferred Sales Tax	0.000	0.000	0.000
9. Deferred Tax Liability	0.000	0.000	0.000
TOTAL TERM LIABILITIES	0.000	0.000	0.000
1. Ordinary Share Capital	60.927	61.996	0.000
2. Preference Share Capital (Residual tenor .5 Years)	0.000	0.000	0.000
3. General Reserve	0.000	0.000	0.000
4. Capital Reserve	0.000	0.000	0.000
5. Surplus (+) of deficit (-) in P& L Account	0.000	0.000	0.000
6. Share Application Money	0.000	0.000	0.000
7. Share Premium	0.000	0.000	0.000
8. Capital Redemption Reserve	0.000	0.000	0.000
9. Quasi Equity	0.000	0.000	0.000
10. Less: Revaluation Reserve	0.000	0.000	0.000
NET WORTH	60.927	61.996	0.000
TOTAL LIABILITIES	189.469	195.996	0.000
CURRENT ASSETS
Cash and Bank Balances	3.840	4.011	0.000
Short Term unencumbered Investments (Other than Long Term)	0.000	0.000	0.000
1. Government and Other Securities	0.000	0.000	0.000
2. Fixed Deposits with Banks	0.000	0.000	0.000
RECEIVABLES	163.883	170.240	0.000
3. Domestic Sales	163.883	170.240	0.000
4. Export Receivables (Incl. contingent B/P and Discounted by banks)	0.000	0.000	0.000
INVENTORY	0.000	0.000	0.000
5. Raw Material – Indigenous	0.000	0.000	0.000
6. Raw Material – Imported	0.000	0.000	0.000
7. Consumables Spares – Indigenous	0.000	0.000	0.000
8. Consumables Spares – Imported	0.000	0.000	0.000
9. Stock in Process	0.000	0.000	0.000
10. Finished Goods	0.000	0.000	0.000
11. Goods in Transit	0.000	0.000	0.000
12. Closing Stock of Traded Goods	0.000	0.000	0.000
OTHER CURRENT ASSETS	0.000	0.000	0.000
13. Deposits	0.000	0.000	0.000
14. Duties and Taxes paid in Advance	0.000	0.000	0.000
15. Others (Receivables within 1 Year)	0.000	0.000	0.000
16. Advance to suppliers of Raw material	0.000	0.000	0.000
17. DEPB Receivable	0.000	0.000	0.000
TOTAL CURRENT ASSETS	167.723	174.251	0.000
GROSS FIXED ASSETS (GFA)	21.746	21.746	0.000
1. Land	21.746	21.746	0.000
2. Building	0.000	0.000	0.000
3. Plant and Machinery	0.000	0.000	0.000
4. Furniture’s and Fixtures	0.000	0.000	0.000
5. Other Fixed Assets	0.000	0.000	0.000
6. Capital Works in Progress	0.000	0.000	0.000
Less: Accumulated Depreciation on FA	0.000	0.000	0.000
Less: Revaluation Reserves, if any	0.000	0.000	0.000
NET BLOCK	21.746	21.746	0.000
NON CURRENT ASSETS
1. Investments in Subsidiary/ Affiliates Cos.	0.000	0.000	0.000
2. Other Investments	0.000	0.000	0.000
3. Loans and Advances to Subsidiary/ Affiliates/ Associates Companies	0.000	0.000	0.000
4. Advance to Suppliers of Capital Goods/ Contractors	0.000	0.000	0.000
5. Deferred Receivables (Maturity >1 Year)	0.000	0.000	0.000
6. Margin Money kept with Banks	0.000	0.000	0.000
7. Debtors Exceeding’s Six Moths	0.000	0.000	0.000
8. Short Term Deposits with Bodies Corporate	0.000	0.000	0.000
9. Non-Consumables Stores and Spares	0.000	0.000	0.000
10. Other Non-Current Assets including dues from directors	0.000	0.000	0.000
TOTAL NON CURRENT ASSETS	0.000	0.000	0.000
Intangible Assets (Deferred tax assets, patents, goodwill, preliminary expenses, bad/ doubtful expenses not provided for, etc. to the extent not written off)	0.000	0.000	0.000
TOTAL ASSETS	189.469	195.997	0.000

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COMPARATIVE STAEMENT OF CURRENT ASSETS AND LIABILITIES

(RS. IN MILLIONS)

PARTICULARS	2015	2016	2017
	Estimated	Projection	Projection
Current Assets
Raw Material – Indigenous	0.000	0.000	0.000
Month’s Consumption	0.00	0.00	0.00
Raw Material – Imported	0.000	0.000	0.000
Month’s Consumption	0.00	0.00	0.00
Consumable Spares – Indigenous	0.000	0.000	0.000
Month’s Consumption	0.00	0.00	0.00
Consumable Spares – Imported	0.000	0.000	0.000
Month’s Consumption	0.00	0.00	0.00
Stock in Process	0.000	0.000	0.000
Month’s Cost of Production	0.00	0.00	0.00
Finished Goods	0.000	0.000	0.000
Month’s Cost of Sales	0.00	0.00	0.00
Receivables (Domestic) other than deferred and exports (including bills purchased and discounted by banks)	163.883	170.240	0.000
Month’s Domestic Sales	7.40	5.64	0.00
Export Receivables (Including Bills Purchased and Discounted by Banks)	0.000	0.000	0.000
Month’s Export Sales	0.00	0.00	0.00
BUILD UP OF CURRENT LIABILITIES
Trade Creditors	78.542	84.000	0.000
Month’s Trade Creditors	3.67	2.89	0.00

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CALCULATION OF ASSESSED BANK FINANCE

(RS. IN MILLIONS)

PARTICULARS	2015	2016	2017
	Estimated	Projection	Projection
1. Total Current Assets	167.723	174.251	0.000
2. Other Current Liabilities (Other than Bank Borrowings and TL Instalments due within one year)	78.542	84.000	0.000
3. Working Capital Gap	89.181	90.251	0.000
4. Minimum stipulated Net Working Capital (NWC) (25% of Total Current Assets excluding Export Receivables)	41.931	43.563	0.000
5. Actual/ Projected NWC	39.181	40.251	0.000
6. Item 3 Minus Item 4	47.250	46.688	0.000
7. Item 3 Minus Item 5	50.000	50.000	0.000
8. Maximum Permissible Bank Finance (Lower of 6 or 7)	47.250	46.688	0.000
9. Excess borrowings representing shortfall in NWC	2.75	3.312	0.000

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STATEMENT OF FINANCIAL ANALYSIS

(RS. IN MILLIONS)

PARTICULARS	2015	2016	2017
	Estimated	Projection	Projection
A. PROFILE ANALYSIS
Total Assets (Tangible)	189.469	195.997	0.000
Total Outside Liabilities (TOL)	128.542	134.000	0.000
Tangible Networth (TNW)	60.927	61.996	0.000
Net Sales	265.850	362.050	0.000
PBDIT	4.267	7.635	0.000
Operating Profits (OPBT)	0.954	1.010	0.000
Net Profit	0.954	1.070	0.000
Gross Cash Accruals	0.954	1.070	0.000
Term Liabilities to Gross Cash Accruals	0.00%	0.00%	0.00%
Net Working Capital	39.181	40.251	0.000
% of NWC to Current Assets	23.36%	23.10%	0.00%
Current Assets to Net Sales	63.09%	48.13%	0.00%
B. LIQUIDITY ANALYSIS
Current Ratio	1.30	1.30	0.00
Quick Ratio	1.30	1.30	0.00
C. PROFITABILITY ANALYSIS
PBDIT/ Net Sales (%)	1.61	2.11	0.00
OPBT/ Net Sales (%)	0.36	0.28	0.00
Net Profit/ Net Sales (%)	0.36	0.30	0.00
Returns on Assets (%)	0.50	0.55	0.00
Retained Profits / Net Profits (%)	100.00	100.00	0.00
Return on Net Worth (%)	1.57	1.73	0.00
D. ACTIVITY ANALYSIS (IN DAYS)
Receivables Turnover – Domestic	225	172	0.00
Receivables Turnover – Export	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00
Accounts Payables Turnover	112	88	0.00
Fixed Assets Turnover Ratio	12.23	16.65	0.00
E. GROWTH RATIOS
Net Sales Growth (%)	15.57	36.19	(100.00)
Net Profit Growth (%)	14.23	12.08	(100.00)
Net Worth Growth (%)	1.59	1.76	(100.00)
F. LEVERAGE AND OTHER RATIOS
TOL/ TNW	2.11	2.16	0.00
DER	0.00	0.00	0.00
DSCR	1.29	1.16	0.00
CFDSCR	1.00	0.99	0.00
FACR	0.00	0.00	0.00
Net Operating Cash Flow (NOCF)	33.13	65.65	402.51
Interest Cover	1.29	1.15	0.00
CFICR	1.00	0.99	0.00

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NETWORTH STATEMENT

MR. ADABALA NAGA VENKATA PEDDIRAJU

(RS. IN MILLIONS)

TOWN	D.NO./ RS. NO.	EXTENT	PRESENT VALUE
Bhimavaram	254/2, 3	Sq. 94 Yards	2.500
Bhimavaram	349/7	Sq. 62 Yards	1.500
Bhimavaram	1-41-1	Sq. 278 ½ Yards	6.000
Farooq Nagar	2271	Sq. 266.66 Yards	1.800
Gold			2.000
Cash in Hand			2.500
TOTAL NET WORTH			16.300

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NETWORTH STATEMENT

CHANDRAKALA

(RS. IN MILLIONS)

TOWN	D.NO./ RS. NO.	EXTENT	PRESENT VALUE
Tadepalligudem	1-18-3, 237/82	Sq. 312 ½ Yards	13.000
Tadepalligudem	1-31-7	Sq. 291 2/3 Yards	12.000
Tadepalligudem	Duplex House	Under Construction Sq. 480 Yards	8.000
Tadepalligudem	2-16-19/1-4	Sq. 287 2/3 Yards	18.000
Tadepalligudem	2-16-19/1-4	Sq. 109 1/3 Yards	10.000
Bhimavaram		Sq. 56 Yards	1.000
Gold and Silver			4.500
Cash			0.246
TOTAL NET WORTH			66.746

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NETWORTH STATEMENT

SESHA VANI

(RS. IN MILLIONS)

TOWN	D.NO./ RS. NO.	EXTENT	PRESENT VALUE
Bhimavaram	438/15	Sq. 242 Yards	6.000
Gold			1.324
Cash			0.026
TOTAL NET WORTH			7.350

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SECURITIES INFORMATION

SECURITY	Book Debts
COLLATERAL	Urban Securities at Tadepalligudam, Bhimavaram, Farooq Nagar Guarantors 1. Adabala Chandrakala W/o A N V P Raju 2. Adabala Sesha Vani W/o Lakshmanrao

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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.61.32
UK Pound	1	Rs.99.00
Euro	1	Rs.78.14

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	SUM
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--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.