MIRA INFORM REPORT

Report No. :	347872.2
Report Date :	21.12.2015

IDENTIFICATION DETAILS

Name :	KARTIK TRADERS
Registered Office :	Plot No. 158, Salokhe Nagar, Kalamba Road, Kolhapur – 416007, Maharashtra
Tel. No.:	91-9657848946 (Mr. Gurudatta Balkrishna Pawar)
Country :	India
Financials (as on) :	31.03.2015
Year of Establishment :	1994
Capital Investment / Paid-up Capital :	Rs. 3.298 Million
IEC No.:	Not Applicable (As claimed by company management that company does not export and import)
TIN No.:	27910322118
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	ALEPP7251M
Legal Form :	Sole Proprietary Concern
Line of Business :	Trader of Hydraulic Oil Lubricant Grease, Rust Preventative Lubricant, etc. (Confirmed by management)
No. of Employees :	02 (Approximately)

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

Status :	Small Concern
Payment Behavior :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small proprietorship established in the year 1994. Its scale of activities are limited. Mr. Gurudatta Pawar (Proprietor) claimed that the sales turnover which has been recorded in the earlier report dated on 31^st October 2015 was erroneously parted by himself as he had lost his son during that time. So the correct and rectified information has been reported here in. As per available financials of the year 2015, the concern has reported decline in its sales turnover over previous year due to the above mentioned reason as claimed by Mr. Gurudatta. Trade relations are fair. Business is active. Payment terms are reported to be 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

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. Gurudatta Balakrishna Pawar
Designation :	Proprietor
Contact No.:	91-9657848946
Date :	19.12.2015

LOCATIONS

Registered Office :	Plot No. 158, Salokhe Nagar, Kalamba Road, Kolhapur – 416007, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-9657848946 (Mr. Gurudatta Balkrishna Pawar)
Fax No.:	Not Available
E-Mail :	Mr.grudatta@rediffmail.com
Area :	250 sq. ft. (Approximately)
Location :	Owned
Locality :	Residential
Branch Office :	Plot No. 2, Sai Tower A Wing, 686/A Ward, Shivaji Peth, Kolhapur, Maharashtra, India
Showroom :	Surve Nagar, Kalamba Road, Kolhapur, Maharashtra, India

SOLE PROPRIETOR

Name :	Mr. Gurudatta Balkrishna Pawar
Designation :	Proprietor
Date of Birth / Age :	52 Years
Qualification :	B. Sc.
Experience :	11 Years

BUSINESS DETAILS

Line of Business :	Trader of Hydraulic Oil Lubricant Grease, Rust Preventative Lubricant, etc. (Confirmed by management)
Products :	Hydraulic Oil Lubricant Grease Rust Preventative Lubricant
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cheque
Purchasing :	Cheque

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Mosil Lubricant, Mumbai, Maharashtra, India
Name of the Person :	Mr. Pranav Deshpande
Contact No.:	91-9922429629 (Ringing)
Since How Long Known :	Not Available
Maximum Limit Dealt :	Not Available
Experience :	Not Available
Remark:	Not Available

Reference :

Integrated Network Private Limited, Pune, Maharashtra, India

Name of the Person :

Mr. Dixit (Director)

Contact No.:

91-7755907180

Since How Long Known :

3 Years

Maximum Limit Dealt :

As per requirement

Experience :

Payment Behaviour	Market Goodwill	Overall
Good	Good	Good

Remark:

Very punctual in payment behaviour, market reputation is also good.

Customers :

End Users

Reference :	Mantri Metalics Private Limited, Kolhapur, Maharashtra, India
Name of the Person :	Mr. Sandeep Thamke
Contact No.:	91-9850803774 (Ringing)
Since How Long Known :	Not Available
Maximum Limit Dealt :	Not Available
Experience :	Not Available
Remark:	Not Available

Reference :	Cherit Engineering Private Limited
Name of the Person :	Mr. Mali
Contact No.:	91-9158885907 (Ringing)
Since How Long Known :	Not Available
Maximum Limit Dealt :	Not Available
Experience :	Not Available
Remark:	Not Available

• Jawahar Sahakari Sakhar Karkhana Limited

No. of Employees :

02 (Approximately)

Bankers :

Bank Name	Bank of Maharashtra
Branch	Nale Colony, Salokhenagar, Kolhapur, Maharashtra, India
Person Name (With Designation)	Mr. Nilesh Kumar (Deputy Manager)
Contact Number	91-231-2323955
Name of Account Holder	Kartik Traders
Account Number	20159100595
Account Since (Date/Year of Account Opening)	2002
Average Balance Maintained (If Possible)	---
Credit Facilities Enjoyed (If any)	---
Account Operation	Current Account
Remarks (If any)	As of now subject company having satisfactory trade recording their banking transaction.

Auditors :
Name :	Mr. J.M. Shah Chartered Accountant
Address :	Kolhapur, Maharashtra, India
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As On 31.03.2015

Proprietor’s Capital	Rs. In Million
Mr. Gurudatta B. Pawar	3.298
Total	3.298

FINANCIAL DATA

[all figures are in Rupees Million]

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

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2015	31.03.2014
SHAREHOLDERS FUNDS
1] Proprietor’s Capital		3.298	1.969
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		0.000	0.000
NETWORTH		3.298	1.969
LOAN FUNDS
1] Secured Loans		0.000	0.000
2] Unsecured Loans		0.000	0.000
TOTAL BORROWING		0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		3.298	1.969
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.015	0.018
Capital work-in-progress		0.000	0.000
INVESTMENT		1.380	0.699
DEFERRED TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.005	0.006
	Sundry Debtors	1.566	3.593
	Cash & Bank Balances	0.079	0.137
	Other Current Assets	0.750	0.000
	Loans & Advances	0.010	0.000
Total Current Assets		2.410	3.736
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.422	1.971
	Other Current Liabilities and Provisions	0.085	0.513
Total Current Liabilities		0.507	2.484
Net Current Assets		1.903	1.252
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		3.298	1.969

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014
	SALES
	Income	2.979	5.037
	Other Income	0.077	0.000
	TOTAL	3.056	5.037
Less	EXPENSES
	Cost of Goods Sold	2.088	3.471
	Outside Labour Charges	0.147	0.435
	Machinery Rent	0.024	0.064
	Transport Charges	0.085	0.132
	Electrical Expenses	0.019	0.018
	Water Expenses	0.006	0.006
	L. B. T. Tax	0.003	0.010
	Bank Commission Charges	0.001	0.003
	Sales Tax Expenses	0.001	0.003
	News Paper Expenses	0.001	0.002
	Sundry Expenses	0.025	0.031
	Postage and Telegram Expenses	0.002	0.004
	Travelling and Local Conveyance Expenses	0.033	0.054
	Petrol and Vehicle Expenses	0.052	0.084
	Printing and Stationery	0.002	0.003
	Salary Expenses	0.114	0.068
	Telephone Expenses	0.015	0.022
	Profession Tax	0.005	0.002
	Consultation Fees	0.006	0.007
	Account Charges	0.018	0.018
	TOTAL	2.647	4.437
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION	0.409	0.600
Less/ Add	DEPRECIATION/ AMORTISATION	0.002	0.003
	NET PROFIT	0.407	0.597

Expected Sales (2015-16): Rs.4.500 Million

The above information has been parted by Mr. Gurudatta Pawar (Proprietor).

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014
Net Profit Margin (PAT/Sales)	(%)	13.66	11.85
Return on Total Assets (PBT/Total Assets}	(%)	10.70	13.41
Return on Investment (ROI) (PBT/Networth)		0.12	0.30
Debt Equity Ratio (Total Debt/Networth)		0.00	0.00
Current Ratio (Current Asset/Current Liability)		7.48	1.79

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)
Proprietor’s Capital	1.969	3.298
Reserves & Surplus	0.000	0.000
Net worth	1.969	3.298
Secured Loans	0.000	0.000
Unsecured Loans	0.000	0.000
Total borrowings	0.000	0.000
Debt/Equity ratio	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)
Sales	5.037	2.979
		(40.858)

NET PROFIT MARGIN

Net Profit Margin	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)
Sales	5.037	2.979
Profit	0.597	0.407
	11.85%	13.66%

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)	No
16	No. of employees	Yes
17	Details of sister concerns	No
18	Major suppliers	Yes
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	No
22	Conduct of the banking account	Yes
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	No
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 records 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. 66.42
UK Pound	1	Rs. 99.17
Euro	1	Rs. 72.13

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KIN
Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
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	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		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 unfavorable 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.