MIRA INFORM REPORT

Report No. :	353473
Report Date :	09.12.2015

IDENTIFICATION DETAILS

Name :	RAMSONS IMPEX
Registered Office :	Vikram Bhawan, Railway Road, Saharanpur – 247001, Uttar Pradesh
Tel. No.:	91-132-2724523
Country :	India
Financials (as on) :	31.03.2015 (Consolidated)
Date of Incorporation:	07.11.2012
Capital Investment / Paid-up Capital :	Rs. 4.831 Million
TIN No.:	Not Available
IEC No.:	3312007348
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAOFR9880R
Legal Form :	Partnership Concern with an Unlimited Liability of the Partners
Line of Business :	Manufacturer, Trader and Importer of Agricultural Equipments. (Confirmed by management)
No. of Employees :	40 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (41)

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

Maximum Credit Limit :	USD 14000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is relatively new partnership concern established in the year 2012. It is a manufacturer, trader and importer of Agricultural equipments. The subject has achieved decent increase in its sales turnover along with satisfactory capital structure in the year 2015. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The concern can be considered for business dealings with 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 – 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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Amit Kumar Takkar
Designation :	Partner
Contact No.:	91-9837045820
Date :	07.12.2015

LOCATIONS

Registered Office/ Head Office :	Vikram Bhawan, Railway Road, Saharanpur – 247001, Uttar Pradesh, India
Tel. No.:	91-132-2724523
Mobile No.:	91-9837045820 (Mr. Amit Kumar Takkar)
Fax No.:	Not Available
E-Mail :	info@ramsonssimplex.com atakkar12@yahoo.com
Website :	www.ramsonssimplex.com
Area :	5000 Yard
Location :	Owned
Locality:	Residential
Factory :	IP-17, Rajpur Sahkari Udyog Shetra Village, Rajpur, Bhagwanpur Roorkee, Haridwar, Uttrakhand, India
E-Mail :	sales@ramsonsimpex.com
Area :	1900 sq. mtr.
Location :	Owned
Locality:	Industrial cum Commercial
Dealer Network:	Located at: Uttar Pradesh Uttarakhand Haryana

PARTNERS

Name :	Mr. Amit Kumar Darshan Takkar
Designation :	Partner
Address :	Lane No.1, New Jawala Nagar, Saharanpur – 247001, Uttar Pradesh, India
Date of Birth/Age :	40 Years
Qualification :	B. Tech
Experience :	3 Years
Name :	Mr. Sachin Kumar Darshan Takkar
Designation :	Partner
Address :	Lane No.1, New Jawala Nagar, Saharanpur – 247001, Uttar Pradesh, India
Date of Birth/Age :	35 Years
Qualification :	B.Com
Experience :	4 Years
Name :	Mr. Vikram Raj Kapoor
Designation :	Partner
Address :	Vikram Bhawan Railway Road, Saharanpur – 247001, Uttar Pradesh, India
Date of Birth/Age :	50 Years
Qualification :	B.E
Experience :	30 Years
Name :	Mr. Gautam Kapoor
Designation :	Partner
Address :	Vikram Bhawan Railway Road, Saharanpur – 247001, Uttar Pradesh, India
Date of Birth/Age :	45 Years
Qualification :	MBA
Experience :	25 Years

BUSINESS DETAILS

Line of Business :	Manufacturer, Trader and Importer of Agricultural Equipments. (Confirmed by management)
Products :	Power Tiller and Power Weeder Tractor Driven Agriculture Equipments Reaper Binder Powerfull Pump Sets Earth Augar and Post Hole Digger Brush Cutter / Weeder Pole Pruner Chain Shaw Sugar Cane Machinary Lawn movers
Brand Names :	“RICO ITALY”
Agencies Held :	Not Available
Exports :	Not Available
Imports :
Products :	Agricultural Equipments
Countries :	China
Terms :
Selling :	Cheque
Purchasing :	Cheque

GENERAL INFORMATION

Suppliers :

Reference :	Changing Jiamu Machinery Company Limited, China
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Retailers and End Users

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 :	Not Divulged
Remark:	Not Divulged

No. of Employees :

40 (Approximately)

Bankers :

Bank Name	HDFC Bank Limited
Branch	Suryalok, Clock-Tower, Railway Road Branch, Saharnpur – 247001, Uttar Pradesh, India
Person Name (With Designation)	Mr. Rishi (Officer)
Contact Number	91-132-2711135
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)	Mr. Rishi denied to provide his opinion about subject concern.

Auditors :
Name :	Mukesh K Goel and Associates Chartered Accountants
Address :	Saharnpur, Uttar Pradesh, India
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern:	Not Available

CAPITAL STRUCTURE

As on 31.03.2014

Capital Investment :
Owned :	Rs.4.831 Million
Borrowed :	--
Total :	Rs.4.831 Million

FINANCIAL DATA

[all figures are in Rupees Million]

Expected Sales ( 2015 - 2016 ) : Rs.50.000 Million

The above information has been parted by Mr. Amit Kumar (Partner)

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2014
SHAREHOLDERS FUNDS
1] Partners Capital		4.831
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		4.831
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		4.831
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.006
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2.061
	Sundry Debtors	1.679
	Cash & Bank Balances	0.082
	Other Current Assets	0.941
	Loans & Advances	0.000
Total Current Assets		4.763
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.017
	Other Current Liabilities	0.000
	Provisions	0.000
Total Current Liabilities		0.017
Net Current Assets
MISCELLANEOUS EXPENSES		0.079
TOTAL		4.831

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014
	SALES
	Income	5.463
	Other Income	0.603
	TOTAL	6.066
Less	EXPENSES
	Cost of Goods Sold	(1.950)
	Postage	0.001
	Preliminary Expenses	0.020
	Bank Charges	0.000
	Business Promotion Expenses	0.010
	Computer Expenses	0.001
	Equipments Testing Fees	0.100
	Stationery and Printing	0.007
	Registration and Renewal Fees	0.003
	Mobile Bill Expenses	0.000
	I.S.O. Registration Fees	0.006
	Electricity Expenses	0.004
	Tender Expenses	0.005
	Labour Charges	0.002
	Travelling and Tor Expenses	0.006
	Interest (Partner)	0.299
	Discount and R/Off	0.003
	Stock Transfer	7.473
	Freight	0.021
	Cartage	0.002
	Fuel for Machinery	0.002
	TOTAL	6.015
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.051
Less/ Add	DEPRECIATION/ AMORTISATION	0.003
	NET PROFIT FOR THE YEAR	0.048

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT / Sales)	(%)	0.88
Return on Total Assets (PBT/Total Assets}	(%)	1.01
Return on Investment (ROI) (PBT/Networth)		0.01
Debt Equity Ratio (Total Debt /Networth)		0.00
Current Ratio (Current Asset/Current Liability)		280.18

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

	PARTICULARS	31.03.2015
	SALES
	Income	24.047
	Other Income	0.034
	TOTAL (A)	24.081
Less	EXPENSES
	Cost of Goods Sold	17.436
	Audit Fees	0.007
	Bank Charges	0.113
	Bank Interest	0.901
	Foreign Travelling Expenses	0.131
	Rating Expenses	0.008
	Fees and Taxes	0.091
	Insurance Charges	0.023
	Interest on TDS	0.000
	Interest on Unsecured Loan	0.100
	Legal Expenses	0.008
	Registration Expenses	0.011
	Preliminary Expenses Write Off	0.064
	Sales Promotion Expenses	0.098
	Labour Charges on Outward	0.030
	Salary	0.567
	Stationery Expenses	0.065
	Conveyance Expenses	0.199
	Diesel Expenses	0.060
	Discount and Round off	0.045
	Electricity Expenses	0.009
	General Expenses	0.000
	Interest to Partner	0.464
	Mobile Bill Expenses	0.021
	News Paper and Magzine Expenses	0.008
	Petrol Expenses	0.005
	Vehicle Repair Expenses	0.013
	Tea and Refreshment Expenses	0.012
	Internet Expenses	0.005
	Misc Expenses	0.001
	Postage Expenses	0.001
	Freight	1.246
	Cartage	0.018
	Custom Duty	1.579
	Labour Charges on Outward	0.605
	TOTAL	23.944
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.137
Less/ Add	DEPRECIATION/ AMORTISATION	0.036
	NET PROFIT FOR THE YEAR	0.101

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	Yes
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 two years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last two years	Yes
30	Major shareholders, if available	No
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

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.66.79
UK Pound	1	Rs.100.49
Euro	1	Rs.72.51

INFORMATION DETAILS

Information Gathered by :	GYA
Analysis Done by :	KIN
Report Prepared by :	SUD

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		41

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.