MIRA INFORM REPORT

Report No. :	353676
Report Date :	11.12.2015

IDENTIFICATION DETAILS

Name :	ADITYA SPECIALITY AGRONUTRITION LLP
Registered Office :	Plot No- W-76 (D), MIDC, Ambad, Nashik- 422010, Maharashtra
Tel. No.:	91-253-2382570
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	02.08.2012
Total Obligation of Contribution:	Rs. 0.150 Million
LLLP No.:	AAB-0476
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Divulged
Legal Form :	Limited Liability Partnership
Line of Business :	Trader and Importer of Fertilizer. (Confirmed by management)
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 2800
Status :	Small concern
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a Limited Liability Partnership concern established in the year 2012. It deals into trading of fertilizer. The concern has limited scale of activities and running small business operations. It has small net worth position along with minimum revenue of Rs.0.696 Million in FY-15. Business is active. Payments are slow but correct. The concern can be considered for business dealings 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 – 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 (General Details)

Name :	Mr. Sandeep Pawar
Designation :	Accountant
Contact No.:	91-9423969429
Date :	10.12.2015

LOCATIONS

Registered Office :	Plot No- W-76 (D), MIDC, Ambad, Nashik- 422010, Maharashtra, India
Tel. No.:	91-253-2382570
Mobile No.:	91-9423969429 (Mr. Sandeep)
Fax No.:	Not Available
E-Mail :	swapnil9.sb@gmail.com swapnil_bachhchhav@hotmail.com

PARTNERS

As on 31.03.2015

Name :

Mr. Swapnil Murlidhar Bachchhav

Designation :

Designated Partner

Address :

Suprabha , 49, Balwant Nagar Anandwalli Shivar, Gangapur Road Nashik-422013, Maharashtra, India

Date of Birth/Age :

12.05.1968

Date of Appointment :

02.08.2012

DPIN No.:

00516131

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	U24129MH2001PTC131579	RICHFIELD FERTILISERS Private LIMITED	Managing director	01/10/2005	09/08/2005	-	Active	NO
2	AAB-0476	ADITYA SPECIALITY AGRONUTRITION LLP	Designated Partner	02/08/2012	02/08/2012	-	Active	NO

Name :

Mrs. Pratibha Swapnil Bachchhav

Designation :

Designated Partner

Address :

Suprabha , 49, Balwant Nagar Anandwalli Shivar, Gangapur Road Nashik-422013, Maharashtra, India

Date of Birth/Age :

08.01.1971

Date of Appointment :

02.08.2012

DPIN No.:

00518710

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	U24129MH2001PTC131579	RICHFIELD FERTILISERS Private LIMITED	Whole-time director	01/10/2005	09/08/2005	-	Active	NO
2	AAB-0476	ADITYA SPECIALITY AGRONUTRITION LLP	Designated Partner	02/08/2012	02/08/2012	-	Active	NO

Name :

Mr. Aditya Swapnil Bachchhav

Designation :

Designated Partner

Address :

Suprabha , 49, Balwant Nagar Anandwalli Shivar, Gangapur Road Nashik-422013, Maharashtra, India

Date of Appointment :

01.01.2014

DPIN No.:

06774792

KEY EXECUTIVES

Name :	Mr. Sandeep Pawar
Designation :	Accountant

CONTRIBUTION DETAILS

As on 31.03.2015

Names of Person	Rs. in Million
Swapnil Murlidhar Bachchhav	0.050
Pratibha Swapnil Bachchhav	0.050
Aditya Swapnil Bachchhav	0.050
Total	0.150

BUSINESS DETAILS

Line of Business :	Trader and Importer of Fertilizer. (Confirmed by management)
Products :	Fertilizer
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :
Products :	Fertilizer
Countries :	China
Terms :
Selling :	Cheque
Purchasing :	Cheque

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 :

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 :

Not Divulged

Bankers :

Bank Name	State Bank of India
Branch	Ambad, Nashik, Maharashtra, 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 :	Praful Bardiya and Associates Chartered Accountants
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2015

Total obligation Fund Rs.0.150 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2015	31.03.2014	31.03.2013
SHAREHOLDERS FUNDS
1] Contribution received		0.150	0.150	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.831	0.465	0.069
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		0.981	0.615	0.169
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		6.121	6.120	6.120
TOTAL BORROWING		6.121	6.120	6.120
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		7.102	6.735	6.289
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		5.695	5.883	6.092
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.066	0.426	0.000
	Cash & Bank Balances	1.126	0.219	0.256
	Other Current Assets and Loans & Advances	0.266	0.297	0.136
Total Current Assets		1.458	0.942	0.392
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.002	0.008	0.000
	Other Current Liabilities and Provisions	0.049	0.080	0.195
Total Current Liabilities		0.051	0.090	0.195
Net Current Assets		1.407	0.852	0.197
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		7.102	6.735	6.289

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015	31.03.2014	31.03.2013
	SALES
		Income	1.569	1.465	0.939
		Other Income	0.014	0.000	0.000
		TOTAL	1.583	1.465	0.939
Less	EXPENSES
		Salaries and Wages	0.452	0.387	0.321
		Power and fuel	0.053	0.053	0.033
		Bank Charges	0.001	0.000	0.000
		Insurance	0.077	0.000	0.000
		Printing and Stationery	0.000	0.002	0.001
		Audit fees	0.000	0.010	0.000
		Professional Fees	0.039	0.056	0.02
		Repairs and Maintenance Charges	0.003	0.000	0.000
		Sanitary Expenses	0.089	0.020	0.018
		Security Charges	0.231	0.226	0.075
		Staff Welfare	0.013	0.019	0.009
		Telephone Expenses	0.003	0.012	0.011
		Vehicle Expenses	0.000	0.002	0.005
		Misc. Expenses	0.005	0.015	0.048
		Water Charges	0.008	0.007	0.006
		Remuneration to Partner	0.000	0.050	0.000
		Brokerage /Commission	0.000	0.000	0.116
		R and M Building	0.000	0.000	0.149
		Business Promotion	0.000	0.000	0.003
		Inauguration Expenses	0.000	0.000	0.027
		TOTAL	0.974	0.859	0.842
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		0.609	0.606	0.097
Less/ Add	DEPRECIATION/ AMORTISATION		0.188	0.209	0.028
	PROFIT/ (LOSS) BEFORE TAX		0.421	0.397	0.069
	TAX		0.056	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX		0.365	0.397	0.069

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	23.26	27.10	7.35
Return on Total Assets (PBT/Total Assets}	(%)	5.89	5.82	1.06
Return on Investment (ROI) (PBT/Networth)		0.43	0.65	0.41
Debt Equity Ratio (Total Debt /Networth)		6.24	9.95	36.21
Current Ratio (Current Asset/Current Liability)		28.59	10.47	2.01

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Contribution received	0.100	0.150	0.150
Reserves & Surplus	0.069	0.465	0.831
Net worth	0.169	0.615	0.981
Secured Loans	0.000	0.000	0.000
Unsecured Loans	6.120	6.120	6.121
Total borrowings	6.120	6.120	6.121
Debt/Equity ratio	36.213	9.951	6.240

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	0.939	1.465	1.569
		56.017	7.099

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	0.939	1.465	1.569
Profit	0.069	0.397	0.365
	7.35%	27.10%	23.26%

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)	Yes
16]	No. of employees	No
17]	Details of sister concerns	No
18]	Major suppliers	No
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 three years	Yes
27]	Reasons for variation <> 20%	--
28]	Estimation for coming financial year	No
29]	Profitability for last three years	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

UNSECURED LOAN

PARTICULARS	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Unsecured Loan	6.121	6.121
Total	6.121	6.121

INDEX OF CHARGES NO CHARGES EXIST FOR COMPANY

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.66.29
UK Pound	1	Rs.100.49
Euro	1	Rs.72.51

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	TRI
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	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	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		29

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.