MIRA INFORM REPORT

Report No. :	353223
Report Date :	14.12.2015

IDENTIFICATION DETAILS

Name :	PARVIN EXIM PRIVATE LIMITED
Registered Office :	Office No-507, Block-A, Safal Solitaire Park, Near Divyabhaskar Press, S.G. Highway, Makarba, Ahmedabad-380051, Gujarat
Tel. No.:	91-79-29702430
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	19.08.2014
Com. Reg. No.:	04-080516
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U51900GJ2014PTC080516
IEC No.:	0814017274
TAN No.: [Tax Deduction & Collection Account No.]	AHMP10106F
PAN No.: [Permanent Account No.]	AAHCP8271A
Legal Form :	Private Limited Liability Company
Line of Business :	Trader, Exporter and Importer of Raw Cotton, Cotton Linters, etc. (Confirmed by Management)
No. of Employees :	05 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 1400
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 2014 and it is having moderate track. During FY-15, the company has sales turnover of Rs. 4.081 Million and net profit of Rs. 0.399 Million. The rating reflects company’s start-up nature of operations, moderate financial profile, and low capital structure. However, trade relations are reported to be fair. Business is active. Payments are reported to be slow but correct. The company 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

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. Tausif Abdulbhai Vhora
Designation :	Director
Contact No.:	91-9825096172
Date :	08.12.2015

LOCATIONS

Registered Office/ Warehouse 1:	Office No-507, Block-A, Safal Solitaire Park, Near Divyabhaskar Press, S.G. Highway, Makarba, Ahmedabad-380051, Gujarat, India
Tel. No.:	91-79-29702430
Mobile No.:	91-9825096172 (Mr. Tausif Ahamad Abdulbhai Vhora) 91-9825011072 (Mr. Nasiruddin Akbarbhai Vahora)
Fax No.:	Not Available
E-Mail :	info@parvingroup.in exim@pavingroup.in
Website :	www.parvingroup.in
Location :	Owned
Warehouse 2:	Located at: · Mandra, Gujarat, India

DIRECTORS

Name :	Mr. Tanvir Akbarbhai Vhora
Designation :	Director
Address :	6A, Bavala, Bavla-20 , Bavla, Ahmedabad, Gujarat-382220, India
Date of Birth/Age :	30.04.1981
Date of Appointment :	30.09.2015
DIN No.:	01683230
Name :	Mr. Kirankumar Sankabhai Patel
Designation :	Director
Address :	At-Hathipura, Ta-Vijapur, Mehsana - 382870, Gujarat, India
Date of Birth/Age :	06.08.1983
Date of Appointment :	30.09.2015
DIN No.:	02326891
Name :	Mr. Nasiruddin Akbarbhai Vahora
Designation :	Director
Address :	5, Noore Mohammed Society, Near Amrutbag, At Bavla, Ahmedabad - 382220, Gujarat, India
Date of Birth/Age :	02.05.1979
Date of Appointment :	19.08.2014
PAN No.:	ACJPV1151A
DIN No. :	01668632
Name :	Mr. Tausif Ahamad Abdulbhai Vhora
Designation :	Director
Address :	Rupal Road, Jivapura, Bavla, Ahmedabad-382220, Gujarat, India
Date of Appointment :	19.08.2014
DIN No. :	06579304

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 31.03.2015

Names of Shareholders	No. of Shares	Percentage of Holding
Parvin Agro Private Limited, India	6000	60.00
Kirankumar Sankabhai Patel	1500	15.00
Dhruv Cotfab Private Limited, India	2500	25.00
Total	10000	100.00

BUSINESS DETAILS

Line of Business :

Trader, Exporter and Importer of Raw Cotton, Cotton Linters, etc. (Confirmed by Management)

Products :

ITC Code No.	Product Descriptions
99861112	Cotton Bales

Brand Names :

--

Agencies Held :

--

Exports :

Products :

Ram Cotton

Countries :

· Pakistan

· Bangladesh

· Vietnam

· Indonesia

Imports :

Products :

Raw Material

Countries :

Tanzania

Terms :

Selling :

Cash, L/C and Credit

Purchasing :

Cash, L/C and Credit

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Kohinoor Textile Mills Limited
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Wholesalers, Retailers and End Users

Reference:	Dhrur Cotton Private Limited
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

05 (Approximately)

Bankers :

Bank Name:	Kotak Mahindra Bank Limited
Branch:	Prahlad Nagar Branch, Ground Floor, Paras-II, Plot No. 1, Auda Garden, Prahalad Nagar, Ahmedabad-380015, Gujarat, India
Person Name (with Designation):	Not Divulged
Contact Number:	91-79-40056086 (Continuously Ringing)
Name of Account Holder:	Not Divulged
Account Number:	Not Divulged
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

Facilities :

--

Auditors :
Name :	S. K. Chalishazar and Company Chartered Accountants
Address :	601-603, Abhijeet – IV, Opposite Mayor’s Bunglow, Law Garden, Ellisbridge, Ahmedabad – 380006, Gujarat, India
Income-tax PAN of auditor or auditor's firm :	ACGFS1228J
Memberships :	--
Collaborators :	--
Associates Companies :	Parvin Agro Private Limited, India (U15143GJ2004PTC044617)

CAPITAL STRUCTURE

AS ON 31.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs. 10/- each	Rs. 10.000 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	31.03.2015
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100
(b) Reserves & Surplus	0.400
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.500
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.019
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.019
(4) Current Liabilities
(a) Short term borrowings	0.250
(b) Trade payables	133.739
(c) Other current liabilities	25.157
(d) Short-term provisions	0.376
Total Current Liabilities (4)	159.522
TOTAL	160.041
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.888
(ii) Intangible Assets	0.057
(iii) Capital work-in-progress	0.000
(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	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	0.945
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.500
(c) Trade receivables	144.549
(d) Cash and cash equivalents	5.165
(e) Short-term loans and advances	8.882
(f) Other current assets	0.000
Total Current Assets	159.096
TOTAL	160.041

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015
	SALES
		Income	403.674
		Other Income	4.506
		TOTAL	408.180
Less	EXPENSES
		Purchases of Stock-in-Trade	389.540
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	-0.500
		Employees benefits expense	0.359
		Other expenses	17.778
		TOTAL	407.177
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		1.003
Less	FINANCIAL EXPENSES		0.218
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.785
Less/ Add	DEPRECIATION/ AMORTISATION		0.046
Less	EXTRAORDINARY ITEMS		0.137
	PROFIT BEFORE TAX		0.602
Less	TAX		0.202
	PROFIT AFTER TAX		0.400
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	270.744
	TOTAL EARNINGS		270.744
	Earnings Per Share (Rs.)
	Basic		39.95
	Diluted		39.95

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015
Current Maturities of Long term debt	NA
Cash Generated from Operations	NA
Net Cash Flow from used in Operations	NA

KEY RATIOS

PARTICULARS		31.03.2015
Net Profit Margin (PAT / Sales)	(%)	0.10
Operating Profit Margin (PBDIT/Sales)	(%)	0.25
Return on Total Assets (PBT/Total Assets}	(%)	0.38
Return on Investment (ROI) (PBT/Networth)		1.20
Debt Equity Ratio (Total Debt/Networth)		0.50
Current Ratio (Current Asset/Current Liability)		1.00

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	Yes
17	Details of sister concerns	Yes
18	Major suppliers	Yes
19	Major customers	Yes
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 one years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last one 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

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 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. 101.10
Euro	1	Rs. 73.10

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	KAS
Report Prepared by :	IND

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
--PROFITABILIRY	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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		27

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.