MIRA INFORM REPORT

Report No. :	338457
Report Date :	27.08.2015

IDENTIFICATION DETAILS

Name :	PRATHISHTA BUSINESS SOLUTIONS PRIVATE LIMITED
Registered Office :	8-2-693/2, Plot No.6, Mithila Nagar Colony, Road No.12, Banjara Hills, Hyderabad – 500 034, Telangana
Tel. No.:	91-8790638697
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	29.07.2013
Com. Reg. No.:	36-089187
Capital Investment / Paid-up Capital :	Rs.0.100 million
CIN No.: [Company Identification No.]	U74120TG2013PTC089187
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Mineral Water.
No. of Employees :	40 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 63000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject was incorporated in the year 2013 and it is having moderate track record. Ms. Surya Nymisha Puvvada, Director has provided information to us and claimed that company was started its business operations as an account consultant and it has achieved revenue of Rs.6.000 million during financial year 2013-14. However, company has changed its line of business to manufacturer of mineral water and same will start from September 2015. Rating further constrained on account of company’s moderate operational scale along with limited history of business establishment and leverage business profile of the company. As per the status in the Registrar of Companies business appears to be active. Payments are reported to be unknown. In view of aforesaid, the company can be considered for business dealing with great 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

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

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 31-03-2013.

INFORMATION PARTED BY

Name :	Ms. Surya Nymisha Puvvada
Designation :	Director
Contact No.:	91-8790638697
Date :	25.08.2015

LOCATIONS

Registered Office :	8-2-693/2, Plot No.6, Mithila Nagar Colony, Road No.12, Banjara Hills, Hyderabad – 500 034, Telangana, India
Tel. No.:	Not Available
Mobile No.:	91-8790638697 (Ms. Surya Nymisha Puvvada)
Fax No.:	Not Available
E-Mail :	paramky@gmail.com
Location :	Owned
Factory :	Plot No.B-65 to B-76, SIPCOT Industrial Growth Centre, Gangaikondan, Tirunelveli District – 627 352, Tamilnadu, India
Location :	Owned

DIRECTORS

AS ON 25.09.2014

Name :	Ms. Pachigolla Naga Ranga Likitha
Designation :	Director
Address :	Plot No.6, Mithila Nagar Colony, Road No.12, Banjara Hills, Hyderabad – 500 034, Telangana, India
Date of Birth/Age :	29.07.1992
Date of Appointment :	24.08.2013
DIN No.:	06660987
Name :	Mr. Boda Kiran Kumar
Designation :	Director
Address :	D.No.6-1-249, Ramacharandas Colony, Varadharaja Nagar, Tirupati – 517 501, Andhra Pradesh, India
Date of Birth/Age :	17.08.1969
Date of Appointment :	30.09.2013
DIN No.:	00053155
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	U65910TG1996PTC025411	MAGGY FINANCE PRIVATE LIMITED	Director	18/10/1996	18/10/1996	-	Active	NO
2	U40101TG1995PLC022039	BEST POWER LINE LIMITED	Director	20/09/1999	20/09/1999	-	Amalgamated	NO
3	U67120AP1999PTC032591	LAKSHMIBALAJI BOTTLING PRIVATE LIMITED	Director	27/09/1999	27/09/1999	16/10/2013	Active	NO
4	U15127TG1995PTC019151	JAYAKUMARI FOOD PRODUCTS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
5	U40105AP2006PTC050594	JAYAKUMARI POWER PROJECTS PRIVATE LIMITED	Director	11/07/2006	11/07/2006	-	Active	NO
6	U45400AP2007PTC056540	SREE LAKSHMIBALAJI BUILDERS PRIVATE LIMITED	Director	05/12/2007	05/12/2007	-	Active	NO
7	U15122TG2010PTC066871	SRI LAKSHMI BALAJI BEVERAGES PRIVATE LIMITED	Director	02/02/2010	02/02/2010	05/01/2014	Active	NO
8	U15540TG2001PTC036402	GELMA FROZEN CREAMS PRIVATE LIMITED	Director	29/09/2012	11/10/2011	23/06/2015	Active	NO
9	U70102AP2012PTC084044	BODA RITHVIK VENTURES PRIVATE LIMITED	Director	08/11/2012	08/11/2012	-	Active	NO
10	U70102AP2012PTC084043	RISHIROOP AVENUES PRIVATE LIMITED	Director	08/11/2012	08/11/2012	-	Active	NO
11	U18204AP2012PTC082434	SRI MAANASA ENTERPRISES PRIVATE LIMITED	Director	15/12/2012	15/12/2012	-	Active	NO
12	U74120TG2013PTC089187	PRATHISHTA BUSINESS SOLUTIONS PRIVATE LIMITED	Director	30/09/2013	30/09/2013	-	Active	NO

Name :	Mr. Pachigolla Ramakrishna
Designation :	Director
Address :	Plot No.6, Mithila Nagar Colony, Road No.12, Banjara Hills, Hyderabad – 500 034, Telangana, India
Date of Birth/Age :	26.01.1960
Date of Appointment :	29.07.2013
DIN No.:	03327834
E-Mail :	ramakrishna.p@nslpower.com
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	U01119TG2011PTC073528	COSMOS GREEN PRIVATE LIMITED	Additional director	04/04/2011	04/04/2011	-	Active	NO
2	U74120TG2013PTC089187	PRATHISHTA BUSINESS SOLUTIONS PRIVATE LIMITED	Director	29/07/2013	29/07/2013	-	Active	NO
3	U74900TG2013NPL089618	UTTHISHTA SEED ACCELERATOR	Director	22/08/2013	22/08/2013	-	Active	NO
4	U15492TG2013PTC090743	DECCAN STAR DISTILLERIES INDIA PRIVATE LIMITED	Director	29/10/2013	29/10/2013	07/11/2014	Active	NO
5	U40104KA2014PTC073699	PRATHIJNA SUSTAINABLE SOLUTIONS PRIVATE LIMITED	Director	18/02/2014	18/02/2014	-	Active	NO
6	U74900AP2014PTC095646	LED INDIA PRIVATE LIMITED	Director	17/11/2014	17/11/2014	-	Active	NO
7	U67190KA2012PTC066238	BUYFOREXONLINE (INDIA) PRIVATE LIMITED	Additional director	03/03/2015	03/03/2015	-	Active	NO
8	AAA-7903	UTTHISHTA MANAGEMENT ADVISORS LLP	Designated Partner	06/02/2012	06/02/2012	-	Active	NO
9	AAC-9032	ARTHA ARBITRAGE CONSULTING LLP	Designated Partner	12/11/2014	12/11/2014	-	Active	NO

Name :	Ms. Surya Nymisha Puvvada
Designation :	Director
Address :	7-5-144/A, Mythri Nagar, Pandurangapuram, Visakhapatnam – 533 003, Andhra Pradesh, India
Date of Appointment :	18.06.2015
DIN No.:	07230501

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 25.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Pachigolla Ramakrishna	4000	40.00
Lakshmi Balaji Builders	4000	40.00
Boda Kiran Kumar	2000	20.00
Total	10000	100.00

AS ON 31.03.2015

Names of Allottees	No. of Shares
P. Satyavani	170000
Kola Eshwar Chandra Vidyasagar	75000
P. Sanhita	1045500
Lakshmi Balaji Bottling Private Limited, India	57500
K. Suryanarayana	60000
K.Y. Kushal Kumar	110000
K. Nitin Kumar	140000
Total	1658000

AS ON 25.09.2014

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	40.00
Directors or relatives of directors	60.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Mineral Water.
Products :	Mineral Water
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	L/C, Cash and Credit
Purchasing :	L/C, Cash and Credit

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

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour	Market Goodwill	Overall
Not Divulged	Not Divulged	Not Divulged

Remark:

Not Divulged

Customers :

Wholesalers, Retailers and Manufacturer

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality	Delivery Behaviour	Overall
Not Divulged	Not Divulged	Not Divulged

Remark:

Not Divulged

No. of Employees :

40 (Approximately)

Bankers :

Banker Name	Axis Bank Limited
Branch Address	Corporate Banking Branch, 1^st Floor, G. Pullareddy  Building, Greenlands, Begumpet, Hyderabad – 500 016, Telangana, India
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

Auditors :
Name :	Beldi and Associates Chartered Accountants
Address :	Beldi Nilayam, 6-3-609/195, Anand Nagar Colony, Khairathabad, Hyderabad – 500 004, Telangana, India
Tel. No.:	91-40-23394274
E-Mail :	beldisridhar@hotmail.com beldica1988@hotmail.com
Website :	www.beldica.com
Income-tax PAN of auditor or auditor's firm :	AABFB7838A
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AFTER 25.09.2014

Authorised Capital : Rs.80.000 million

Issued, Subscribed & Paid-up Capital : Rs.80.000 million

AS ON 25.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014
I.              EQUITY AND LIABILITIES
(1) Shareholders' Funds
(a) Share Capital	0.100
(b) Reserves & Surplus	1.411
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	20.600
Total Shareholders’ Funds (1) + (2)	22.111
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) Long-term provisions	0.000
Total Non-current Liabilities (3)	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	1.576
(c) Other current liabilities	0.258
(d) Short-term provisions	0.000
Total Current Liabilities (4)	1.834
TOTAL	23.945
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.012
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	2.229
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	16.868
(e) Other Non-current assets	0.000
Total Non-Current Assets	19.109
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	1.024
(d) Cash and cash equivalents	2.560
(e) Short-term loans and advances	1.252
(f) Other current assets	0.000
Total Current Assets	4.836
TOTAL	23.945

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014
	SALES
		Revenue from Operations	6.000
		Other Income	0.000
		TOTAL	6.000
Less	EXPENSES
		Other Expenses
		- Audit Fees	0.039
		- Directors Remuneration	1.000
		- Legal and Professional Expenses	2.900
		TOTAL	3.939
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		2.061
Less	FINANCIAL EXPENSES		0.000
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		2.061
Less/ Add	DEPRECIATION/ AMORTISATION		0.019
	PROFIT/ (LOSS) BEFORE TAX		2.042
Less	TAX		0.631
	PROFIT/ (LOSS) AFTER TAX		1.411
	Earnings/ (Loss) Per Share (Rs.)		141.08

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014
Current maturities of long-term debt	NA
Cash generated from operations	NA
Net cash flows from (used in) operations	NA

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT/Sales)	(%)	23.52
Operating Profit Margin (PBIDT/Sales)	(%)	34.35
Return on Total Assets (PBT/Total Assets}	(%)	9.40
Return on Investment (ROI) (PBT/Networth)		0.09
Debt Equity Ratio (Total Debt /Networth)		0.00
Current Ratio (Current Asset/Current Liability)		2.64

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	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)	No
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	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	Yes
26	Turnover of firm for last about eight months	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last about eight months	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

FINANCIAL RESULTS:

The company is successful in securing consultancy contract during the year and able to deliver without building the team but taking the outsourced service providers and the performance during the period is satisfactory and the period ended with a profit of Rs.1.411 million after tax.

The company is also successful in securing outsourced manufacturing services for one of the client engaged in the food and beverages products and in the process of setting up the required facilities and confident of building the facility and commence the operations during the current year.

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10584473	10/07/2015	123,500,000.00	AXIS BANK LIMITED	CORPORATE BANKING BRANCH, 1ST FLOOR, G PULLAREDDY  BUILDING, GREENLANDS, BEGUMPET, HYDERABAD, TELANGANA - 500016, INDIA	C61002978
2	10544705	08/07/2015 *	373,500,000.00	AXIS BANK LIMITED	CORPORATE BANKING BRANCH, 1ST FLOOR, G PULLAREDDY  BUILDING, GREENLANDS, BEGUMPET, HYDERABAD, TELANGANA - 500016, INDIA	C60553765

* Date of charge modification

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.66.16
UK Pound	1	Rs.103.88
Euro	1	Rs.75.89

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	KAR
Report Prepared by :	SMN

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
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	2
--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		26

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.