MIRA INFORM REPORT

Report No. :	302488
Report Date :	02.02.2015

IDENTIFICATION DETAILS

Name :	GREAT WIN EXPORTS

Registered Office :	4/234D, MGR Salai, 7^th St. Pallikaranai, Chennai – 600041, Tamilnadu

Country :	India

Financials (as on) :	19.09.2014

Year of Establishment :	September, 2014

Capital Investment :	Rs. 0.200 Million

IEC No.:	0414030141

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AANFG5025E

Legal Form :	Partnership Concern with an Unlimited Liability of the Partners

Line of Business :	Exporter of Marine Products.

No. of Employees :	23 (Approximately) [In Office: 3 + In Factory: 20 (Contract Workers)]

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Status :	New Concern

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a new partnership concern incorporated on September, 2014. Mr. M.A. Antony, partner has provided general information to us and claimed that concern will start its business operation from February, 2015. Payments are reported to be unknown. The concern can be considered for business dealing on a safe and secure 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 – September 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

India

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. M.A. Antony
Designation :	Partner
Contact No.:	91-9003195509
Date :	31.01.2015

LOCATIONS

Registered Office :	4/234D, MGR Salai, 7^th St. Pallikaranai, Chennai – 600041, Tamilnadu, India
Tel. No.:	91-44-24496109
Mobile No.:	91-9003195509 (Mr. M.A. Antony)
Fax No.:	Not Available
E-Mail :	greatwinexports@gmail.com
Location :	Owned

Factory :	Relish Foods, Valanjavazhy, Alleppy – 688005, Kerala, India
Tel. No.:	91-477-2272029
Fax No.:	91-477-2272229
E-Mail :	relishfood06@yahoo.co.in
Area :	10000 Sq. Ft. and Above
Location :	Leased

PARTNERS

Name :	Mr. M.A. Antony
Designation :	Partner
Address :	4/234, C, MGR Salai, 7^th Street, Palavakkam, Chennai – 600041, Tamilnadu, India
Date of Birth/Age :	23.05.1965
Qualification :	Degree
Experience :	More than 15 Years
PAN No.:	AAPPA5324E
Passport No.:	H4632311
Voter ID No.:	TAU2963890

Name :	Mr. A. Lalichan
Designation :	Partner
Address :	4/234, D, MGR Salai, 7^th Street, Palavakkam, Chennai – 600041, Tamilnadu, India
Date of Birth/Age :	24.05.1971
Qualification :	Degree
Experience :	More than 15 Years
PAN No.:	AABPL7067R
Passport No.:	J2472289
Voter ID No.:	TAU2961555

BUSINESS DETAILS

Line of Business :	Exporter of Marine Products.

Brand Names :	--

Agencies Held :	--

Exports :
Products :	Marine Products
Countries :	· Vietnam · China · USA · Europe · Japan

Imports :	--

Terms :
Selling :	L/C and Credit (30 Days)

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Since How Long Known:	Not Divulged
Maximum Limit Dealt:	Not Divulged
Experience :	Not Divulged
Remarks :	Not Divulged

Customers :

Wholesalers

Reference:	Blue Orient Trading India Private Limited
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Since How Long Known:	Not Divulged
Maximum Limit Dealt:	Not Divulged
Experience :	Not Divulged
Remarks :	Not Divulged

No. of Employees :

23 (Approximately) [In Office: 3 + In Factory: 20 (Contract Workers)]

Bankers :

Bank Name:	Bank of India
Branch:	Adyar Branch, Chennai – 600020, Tamilnadu, India
Name of the Person (with Designation):	Mr. Ameenullah (Chief Manager)
Contact Number:	91-9003276418
Name of Account Holder:	Great Win Exports
Account Number:	801020110000385
Account Since (Date/ Year of A/c Opening):	September, 2014
Average Balance Maintained (Optional):	--
Credit Facilities Enjoyed (CC/OD/Term Loan):	Applied and Sanctioned not yet availed
Account Operation:	Satisfactory
Remarks: As claimed by Mr. Ameenullah, a chief manager that the subject having satisfactory track record for banking transaction.

Auditors :
Name :	Abraham and Philip Chartered Accountants
Address :	6, Railway Colony, 3^rd Street, Chennai – 600029, Tamilnadu, India
Tel. No.:	91-44-23740344
Fax No.:	91-44-23740344
E-Mail :	moti07@dataone.in motiphillip@mail.com

Memberships :	--

Collaborators :	--

Sister Concerns:	--

CAPITAL STRUCTURE

As on 19.09.2014

Capital Investment :
Owned :	Rs. 0.200 Million
Borrowed :	--
Total :	Rs. 0.200 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

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

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		19.09.2014
SHAREHOLDERS FUNDS
1] Partners Capital		0.200
2] Partners Current Account		9.000
3] Profit and Loss Account		0.000
4] (Accumulated Losses)		0.000
NETWORTH		9.200
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000

TOTAL		9.200

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		2.732
Capital work-in-progress		0.000

INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	3.000
	Cash & Bank Balances	0.468
	Other Current Assets	0.000
	Loans & Advances	3.000
Total Current Assets		6.468
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	0.000
	Provisions	0.000
Total Current Liabilities		0.000
Net Current Assets		6.468

MISCELLANEOUS EXPENSES		0.000

TOTAL		9.200

KEY RATIOS

PARTICULARS				19.09.2014

Debt Equity Ratio (Total Debt/Networth)				0.00

Current Ratio (Current Asset/Current Liability)				0.00

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
12]	Profitability for last three years	No
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	No
25]	Conduct of the banking account	Yes
26]	Buyer visit details	-----
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	No
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	No
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	Yes
34]	External Agency Rating, if available	No

------------------------------------------------------------------------------------------------------------------------------

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

OPERATING STATEMENT

(RS. IN MILLIONS)

Sr. No.	PARTICULARS	31.03.2015	31.03.2016	31.03.2017	31.03.2018	31.03.2019	31.03.20120
Sr. No.	PARTICULARS	Estimated	Projection	Projection	Projection	Projection	Projection

1	GROSS SALES

	(i)Domestic Sales/ Job Work	--	--	--	--	--	--

	(ii) Export Sales	101.299	405.196	486.235	583.482	700.179	840.214

	Add: Other Revenue Income	--	--	--	--	--	--

	Total	101.299	405.196	486.235	583.482	700.179	840.214

2	Less Excise duty	--	--	--	--	--	--

3	Net Sales (1-2)	101.299	405.196	486.235	583.482	700.179	840.214

4	%age rise (+) or fall (-) in net sales as compared to previous year (annualised)	--	--	--	--	--	--

5	COST OF SALES
	(i) Raw materials (including stores and other items in process of manufacture)
	(a) Imported	--	--	--	--	--	--
	(b) Indigenous	103.550	379.927	420.500	512.286	605.643	720.172

	(ii) Other spares
	(a) Imported	--	--	--	--	--	--
	(b) Indigenous	0.384	4.749	5.256	6.404	7.571	9.002

	(iii) Power and fuel	0.315	0.630	0.756	0.907	1.089	1.306

	(iv) Direct Labour	0.312	0.692	0.735	0.840	1.126	1.265

	(v) Repairs and Maintenance	0.026	0.203	0.243	0.292	0.350	0.420

	(vi) Rent	0.600	1.200	1.200	1.200	1.200	1.200

	(vii)Freight	1.520	12.156	13.587	17.504	21.005	25.206

	(viii)Other Direct Expenses	0.380	3.039	3.647	4.376	5.251	6.302

	(ix) Depreciation	0.421	0.348	0.292	0.247	0.210	0.179

	(x)Subtotal [(i) to (vi)]	107.508	402.944	446.216	544.056	643.445	765.052

	(xi) Add: Opening Stocks-in-Process	--	3.939	15.758	16.208	19.449	23.339

	(xii) Deduct: Closing Stocks-in-Process	3.939	15.758	16.208	19.449	23.339	23.339

	(xiii) Cost of Production	103.569	391.126	445.766	540.814	639.555	765.052

	(xiv) Add: Opening Stock of Finished Goods	--	8.442	27.013	27.013	32.416	38.899

	(xv) Sub Total	103.569	399.567	472.779	567.827	671.971	803.951

	(xvi) Deduct closing stock of finished stock of finished goods	8.442	27.013	27.013	32.416	38.899	46.679

	(xvii) Sub Total - Total Cost of Sales	95.127	372.554	445.766	535.412	633.072	757.272

6	Outward Freight	--	--	--	--	--	--

7	General and Administrative Expenses	0.625	2.538	2.681	2.895	3.127	3.377

8	Sub Total – (5+6+7)	95.752	375.092	448.447	538.307	636.199	760.649

9	Operating Profit before interest [3-8]	5.547	30.104	37.788	45.175	63.980	79.565

10	Interest	0.980	4.063	4.375	4.688	5.313	5.313

11	Operating Profit After Interest [9.10]	4.567	26.041	33.413	40.488	58.667	74.253

12	(i) Other non-operating income
	Sub Total (income)	4.567	26.041	33.413	40.488	58.667	74.253

	(ii) Deduct other non-operating expense
	Sub Total (expenses)	--	--	--	--	--	--

	(iii) Net of other non-operating incomes/expenses	--	--	--	--	--	--

13	Profit before tax/loss [11+12(iii)]	4.567	26.041	33.413	40.488	58.667	74.253

14	Provision for tax	1.370	7.812	10.024	12.146	17.600	22.276

15	Net profit / (loss) (12-13)	3.197	18.229	23.389	28.341	41.067	51.977

16	Equity dividend paid- Amt. (Incl. of Dividend Tax)	0.120	1.200	1.200	2.400	2.400	2.400

17	Retained Profit (15-16)	3.077	17.029	22.189	25.941	38.667	49.577

18	Retained profit / Net Profit (%age)	96.25%	93.42%	94.87%	91.53%	94.16%	95.38%

------------------------------------------------------------------------------------------------------------------------------

ANALYSIS OF BALANCE SHEET

(RS. IN MILLIONS)

Sr. No.	PARTICULARS	31.03.2015	31.03.2016	31.03.2017	31.03.2018	31.03.2019	31.03.20120
Sr. No.	PARTICULARS	Estimated	Projection	Projection	Projection	Projection	Projection
	CURRENT LIABILITIES

1	Short term borrowings from bank (incl. Bills purchased, discounted and excess borrowings placed on repayment basis)

	(i) From applicant bank	27.500	32.500	35.000	37.500	42.500	42.500

	(ii) From other banks	--	--	--	--	--	--

	Total (A)	27.500	32.500	35.000	37.500	42.500	42.500

2	Short term borrowings from others	--	--	--	--	--	--

3	Sundry Creditors - Trade	0.015	0.016	0.021	0.060	0.038	0.038

4	Advance payments from customers/ deposits from dealers	--	--	--	--	--	--

5	Provision for Taxation	1.370	7.812	10.024	12.146	17.600	22.276

6	Dividend Payable	--	--	--	--	--	--

7	Other statutory liabilities (due within one year)	--	--	--	--	--	--

8	Deposits/Instalments of term loan/DPGs/ Debentures, etc.(due within one year)	--	--	--	--	--	--

9	Other current liabilities and Provisions (due within one year)	0.012	0.018	0.069	1.404	0.040	0.040

	Sub Total (B)	1.397	7.846	10.114	13.610	17.678	22.354

10	Total Current Liabilities [A + B]	28.897	40.346	45.114	51.110	60.178	64.854

11	provisions	--	--	--	--	--	--

	Total Current Liabilities and Provisions (Total of 1 to 9 excld 1 (iii))	28.897	40.346	45.114	51.110	60.178	64.854

	TERM LIABILITIES

12	Debentures (not maturing within one year)	--	--	--	--	--	--

13	Preference Shares (redeemable after one year)	--	--	--	--	--	--

14	Term loans (excluding instalments payable within one year)	--	--	--	--	--	--

15	Deferred Payment Credits (excluding instalments payable within one year)	--	--	--	--	--	--

16	Term deposits (Repayable after one year)	--	--	--	--	--	--

17	Other Term Liabilities	--	--	--	--	--	--

18	TOTAL TERM LIABILITIES	--	--	--	--	--	--

19	TOTAL OUTSIDE LIABILITIES [ITEM 10 PLUS ITEM 18]	28.897	40.346	45.114	51.110	60.178	64.854

	NET WORTH

20	Share Capital	10.000	10.000	10.000	10.000	10.000	10.000

21	General Reserve	--	--	--	--	--	--

22	Revaluation Reserve	--	--	--	--	--	--

23	Other Reserves (Excluding Provisions)	--	--	--	--	--	--

24	Surplus (+) or deficit (-) in profit and loss	3.077	20.106	42.295	68.236	106.903	156.480

25	Net worth	13.077	30.106	52.295	78.236	116.903	166.480

	TOTAL LIABILITIES [18+25]	41.974	70.452	97.409	129.346	177.081	231.334

	ASSETS

	CURRENT ASSETS

26	Cash and Bank Balances	0.181	0.219	0.287	0.706	0.611	0.747

27	Fixed deposits with banks	--	--	--	--	--	--

28	(i) Receivables other than deferred and exports (incl. Bills purchased and discounted by banks)	--	--	--	--	--	--
	(ii) Export receivable (incl. Bills purchased and discounted by banks)	17.368	14.268	34.008	45.219	72.978	105.285

29	Instalments of deferred receivable (due within one year)	--	--	--	--	--	--

30	Inventories
	(i) Raw materials (including stores and other items in process of manufacture)
	(a) Imported	--	--	--	--	--	--
	(b) Indigenous	--	--	--	--	--	--
	(ii) Stock-in-process	3.939	15.758	16.208	19.449	23.339	23.339
	(iii) Finished Goods	8.442	27.013	27.013	32.416	38.899	46.679
	(iv) Other consumable spares
	(a) Imported	--	--	--	--	--	--
	(b) Indigenous	--	--	--	--	--	--

31	Advance to suppliers of Raw materials and stores/spares	--	--	5.000	15.000	20.000	30.000

32	Advance payment of taxes	1.233	7.031	9.022	10.932	15.840	20.048

33	Other current assets	8.500	4.200	4.200	4.200	4.200	4.200

34	TOTAL CURRENT ASSET [Total 26 to 33]	39.663	68.489	95.737	127.922	175.867	230.298

	FIXED ASSETS

35	Gross Block	2.733	2.311	1.963	1.671	1.424	1.214

36	Depreciation to date	0.421	0.348	0.292	0.247	0.210	0.179

37	NET BLOCK (35-36)	2.311	1.963	1.671	1.424	1.214	1.036

	OTHER NON-CURRENT ASSETS

38	Investments/ book debts / advances/ deposits which are not current assets	--	--	--	--	--	--

	i.(a)Investments in subsidiary companies/ affiliates	--	--	--	--	--	--
	(b)Others	--	--	--	--	--	--

	ii. Advances to suppliers of capital goods and contractors	--	--	--	--	--	--

	iii. Deferred Receivables (Maturity exceeding one year)	--	--	--	--	--	--

	v. Others	--	--	--	--	--	--

39	Non consumables stores and spare	--	--	--	--	--	--

40	Other non-current assets (incl. Dues from director)	--	--	--	--	--	--

41	Total other non-current assets (Total of 38 to 40)	--	--	--	--	--	--

42	Intangible assets (patents, goodwill, prelim, expenses, bad/ doubtful debts not provided for etc.)	--	--	--	--	--	--

43	TOTAL ASSETS (Total of 34,37,41 and 42)	41.974	70.452	97.408	129.346	177.081	231.334

44	Tangible net worth (24-42)	13.077	30.106	52.295	78.236	116.903	166.480

45	Net working Capital [(17+24)-(37+41+42)]	10.766	28.142	50.624	76.812	115.689	165.444

46	Current Ratio	1.37	1.70	2.12	2.50	2.92	3.55

47	Total Outside Liabilities/ Tangible Net Worth	2.21	1.34	0.86	0.65	0.51	0.39

48	Total Term Liabilities/ Tangible Net Worth	--	--	--	--	--	--

	ADDITIONAL INFORMATION

	A. Arrears of depreciation	--	--	--	--	--	--

	B. Contingent Liabilities:
	(a) Arrears of cumulative dividends	--	--	--	--	--	--
	(b) Gratuity liability not provided for	--	--	--	--	--	--
	(c) Disputed excise/ customs/ tax liabilities	--	--	--	--	--	--
	(d) Other liabilities not provided for	--	--	--	--	--	--

------------------------------------------------------------------------------------------------------------------------------

FUNDS FLOW STATEMENT

(RS. IN MILLIONS)

Sr. No.	PARTICULARS	31.03.2016	31.03.2017	31.03.2018	31.03.2019	31.03.20120
Sr. No.	PARTICULARS	Projection	Projection	Projection	Projection	Projection

1	SOURCES

	[a] Net Profit (After Tax)	18.229	23.389	28.341	41.067	51.977

	[b] Depreciation	0.348	0.292	0.247	0.210	0.179

	[c] Increase in Capital	--	--	--	--	--

	[d] Increase in Term Liabilities (Including Public deposits)	--	--	--	--	--

	[e] Decrease in
	[i] Fixed Assets	--	--	--	--	--
	[ii] Other Non-Current Assets	--	--	--	--	--

	[f] Decrease in Working Capital Gap	--	--	--	--	--

	[g] Others	--	--	--	--	--

	TOTAL	18.577	23.671	28.588	41.277	52.155

2	USES

	[a] Net Loss	--	--	--	--	--

	[b] Decrease in Term Liabilities (Including Public Deposits)	--	--	--	--	--

	[c] Increase in
	[i] Fixed Assets	--	--	--	--	--
	[ii] Other non-current Assets	--	--	--	--	--

	[d] Dividend Payment	1.200	1.200	2.400	2.400	2.400

	[e] Reduction in Capital	--	--	--	--	--

	[f] Increase in Working Capital	--	--	--	--	--

	[g] Others	--	--	--	--	--
	TOTAL	1.200	1.200	2.400	2.400	2.400

3.	Long Term Surplus (+)/ Deficit (-) (1-2)	17.377	22.481	26.188	38.877	49.755

4.	Increase/ Decrease in Current Assets * (As per Details Given Below)	28.826	27.249	32.184	47.946	54.431

5.	Increase/ Decrease in Current Liabilities other than Bank Borrowings	6.449	2.268	3.496	4.068	4.676

6.	Increase/ Decrease in Working Capital Gap	22.376	24.981	28.688	43.877	49.755

7.	Net Surplus(+)/ Deficit(-)	(5.000)	(2.500)	(2.500)	(5.000)	--

8.	Increase/ Decrease in Bank Borrowings	5.000	2.500	2.500	5.000	---

	INCREASE/ DECREASE IN NET SALES

	* Break up of (4)

i)	Increase/ Decrease in Raw Materials	--	--	--	--	--

ii)	Increase/ Decrease in Stock in Process	--	--	--	--	--

iii)	Increase/ Decrease in Finished Goods	18.571	--	5.403	6.483	7.780

iv)	Increase/ Decrease in Receivables
	(a) Domestic	--	--	--	--	--
	(b) Export	--	--	--	--	--

v)	Increase/ Decrease in Stores and Spares	--	--	--	--	--

vi)	Increase/ Decrease in Other Current Assets	1.536	2.058	2.329	4.813	4.344

------------------------------------------------------------------------------------------------------------------------------

COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES

(RS. IN MILLIONS)

Sr. No.	PARTICULARS	31.03.2015	31.03.2016	31.03.2017	31.03.2018	31.03.2019	31.03.20120
Sr. No.	PARTICULARS	Estimated	Projection	Projection	Projection	Projection	Projection

I	CURRENT ASSETS

1.	Raw Materials (Including Stores and Other Items used in the Process of Manufacture)
	(a) Imported	--	--	--	--	--	--
	(Months Consumption)	0.00	0.00	0.00	0.00	0.00	0.00

	(b) Indigenous	--	--	--	--	--	--
	(Months Consumption)	0.00	0.00	0.00	0.00	0.00	0.00

2.	Other Consumables Spares (Excluding those covered in 1 Above)
	(a) Imported	--	--	--	--	--	--
	(Months Consumption)	0.00	0.00	0.00	0.00	0.00	0.00

	(b) Indigenous	--	--	--	--	--	--
	(Months Consumption)	0.00	0.00	0.00	0.00	0.00	0.00

3.	Stock in Process	3.939	15.758	16.208	19.449	23.339	23.339
	(Months Cost of Sales) (Day Cost of Sales)	0.50	0.51	0.44	0.44	0.44	0.37

4.	Stock in Raw Material	8.442	27.013	27.013	32.416	38.899	46.679
	(Months Cost of Sales)	0.53	0.87	0.73	0.73	0.74	0.74

5.	Receivables other than Export and Deferred Receivables (Including Bills Purchased and Discounted by Banks)	--	--	--	--	--	--
	(Months Domestic Sales: Excluding Deferred Payment Sales)	0.00	0.00	0.00	0.00	0.00	0.00

6.	Export Receivables (Including Bills Purchased and Discounted by Banks)	17.368	14.268	34.008	45.219	72.978	105.285
	(Months Export Sales)	0.00	0.00	0.00	0.00	0.00	0.00

7.	Advances to Suppliers of Materials and Stores/ Spares and Consumables.	--	--	5.000	15.000	20.000	30.000

8.	Other Current Assets including Cash and Bank Balances, Deferred Receivables due within One Year (Specify Major Items) Cash and bank balance investment except long-term instalments of deferred receivables	9.914	11.450	13.509	15.838	20.651	24.995

9.	TOTAL CURRENT ASSETS	39.663	68.489	95.737	127.922	175.867	230.298

II	CURRENT LIABILITIES (Other than Bank Borrowings for Working Capital)

10.	Creditors for Purchase of Raw Materials, Stores and Consumable Spares	0.015	0.016	0.021	0.060	0.038	0.038
	(Months Purchases)	0.000	0.00	0.00	0.00	0.00	0.00

11.	Advances from Customers	--	--	--	--	--	--

12	Provision for Taxation	1.370	7.812	10.024	12.146	17.600	22.276

13.	Other Current Liabilities

	a) Short Term Borrowings - Others	--	--	--	--	--	--

	b) Dividend Payable	--	--	--	--	--	--

	c) Instalments of TL, DPG and Public Deposits	--	--	--	--	--	--

	d) Other Current Liabilities and Provisions (O & M)	0.012	0.018	0.069	1.404	0.040	0.40

14.	TOTAL CURRENT LIABILITIES	1.397	7.846	10.114	13.610	17.678	22.354

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COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

(RS. IN MILLIONS)

Sr. No.	PARTICULARS	31.03.2015	31.03.2016	31.03.2017	31.03.2018	31.03.2019	31.03.20120
Sr. No.	PARTICULARS	Estimated	Projection	Projection	Projection	Projection	Projection

1	Total Current Assets	39.663	68.489	95.737	127.922	175.867	230.298

2	Other Current Liabilities (Other than Bank Borrowings)	1.397	7.846	10.114	13.610	17.678	22.354

3	Working Capital Gap (WCP) (1-2)	38.266	60.642	85.624	114.312	158.189	207.944

4	Minimum Stipulated Net Working Capital i.e. 25% of WCG Excluding)	9.566	15.161	21.406	28.578	39.547	51.986

5	Actual/ Projected Net Working Capital	10.766	28.142	50.624	76.812	115.689	165.444

6	Item 3 minus item 4	28.699	45.482	64.218	85.734	118.642	155.958

7	Item 3 minus item 5	27.500	32.500	35.000	37.500	42.500	42.500

8	Maximum Permissible Bank Finance (Lower of 6 or 7)	27.500	32.500	35.000	37.500	42.500	42.500

9	Excess Borrowings Representing Short Fall in Net Working Capital (4-5)	--	--	--	--	--	--

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NETWORTH STATEMENT

MR. M.A. ANTONY

(RS. IN MILLIONS)

(AS ON 19.09.2014)

SR. NO.	PARTICULARS	AMOUNT
	ASSETS

1.	Investment in Great Win Exports	4.600

2.	Jewels – 480 Grams	1.214

3.	Residential Land and Building at MGR Nagar, Palavakkam, Chennai	20.700

4.	½ Share at Fathers property Micheri House, Poomkvoo, Pathipapally PO, Allepy, Kerala	13.750

5.	Land and Advance Bhramapuram Cochin, Kerala, India	29.610

6.	Sundry Debtors	3.680

7.	Cash in Hand	0.210


	LIABILITIES	--

	NET WORTH	73.764

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NETWORTH STATEMENT

MR. A. LALICHAN

(RS. IN MILLIONS)

(AS ON 19.09.2014)

SR. NO.	PARTICULARS	AMOUNT
	ASSETS

1.	Capital as on 31.03.2014	4.600

2.	Jewels – 467 Grams	1.181

3.	Residential Land and Building at MGR Nagar, Palavakkam, Chennai	20.700

4.	½ Share at Fathers property Micheri House, Poomkvoo, Pathipapally PO, Allepy, Kerala	13.750

5.	Land and Advance Bhramapuram Cochin, Kerala, India	69.090

6.	Sundry Debtors	2.403

7.	Cash in Hand	0.016

	LIABILITIES	--

	NET WORTH	111.740

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PROJECT REPORT

BACKGROUND AND BRIEF PARTICULARS OF THE FIRM:

Subject is a partnership concern, recently commenced and engaged in export of marine products to Europe, USA, Japan, China, Vietnam and all South East Countries. The firm procures the live raw materials ( Prawns Etc ) directly from the Ponds from various places in entire Southern states, process the same, packing the final products as per export specification, continue with cold storage at -20 decree temperature and exporting them direct to above foreign countries against Confirmed order backed by Foreign LC from reputed foreign banks. The entire Export process is covered under ECGC.

FAMILY BACKGROUND OF THE PROMOTERS:

The firm is a partnership firm having two partners namely Mr. M.A. Antony and Mr. A. Lalichan and their. spouses are looking after the day to business and assisting in banking transactions.

The promoter Mr. M.A. Antony's sons are studying MBBs 3^rd and 2^nd year in Balaji Medical college, chrompet.

Mr. A. Lalichan's daughter is studying plus two (12th std.) in St. John’s Mandaveli.

LOCATION OF OFFICE:

The office is situated a Door No: 4/234 D MGR Salai, 7^th Street, Palavakkam, Chennai – 600041, Tamilnadu, India

INFRASTRUCTURAL FACILTTIES:

The firm has taken a factory on lease to process the marine products. The factory which we have taken has got all modern equipment’s to process all the marine products like prawns Fish Etc., Cold storage facility is also available in the premises.

C POWER:

The required power is available in the LEASED factory.

SOURCING OF TRADING GOODS

Live Marine Products/ Raw Materials i.e., Fish, Prawns, etc., Available throughout the year.

EXPORT ORDERS:

The firm has got regular orders from its customers who are well known to them for the past 15 years. The value of the order will be around Rs.40.000 millions per month. The firm is in a position to export 4 to 5 container per month and the value will be around 5 crore per month. The CMA prepared for 6 months is very conservative and it is easily achievable. The customers are not new to the partners of the firm as they all are having connection with the partners for the past 15 years.

RISK FACTOR:

There is not even 1% risk on this business due to the fact the Export orders are confirmed one and fully backed by LC issued by most reputed banks and also AT SIGHT.

The firm has to maintain sufficient stocks on an average equivalent to 1.5 months. The orders of the customers received by the firm usually are of high value basis, in as much as the customers of the firm are also well reputed.

NEED FOR WORKING CAPITAL ASSISTANCE:

The firm is expected to maintain an average stocks level of 30 days to 45 days. Moreover the credit period from the suppliers will not be available and they have to make payment in advance.

Further as already stated elsewhere the buyers of the firm being reputed ones and they are masters in their respective fields, the firm should be ready to receive good volume of orders from them and the firm has therefore to have stocks of sufficient quantities of raw materials. Hence, there is the need for working capital facilities.

With the availability of the working capital facilities they can:

· To procure good volume of live materials.

· Maintain good quality

· Take up more orders

· At competitive prices

· With a speedy pace

· On bulk basis and

· Can ensure timely execution

· Overall satisfy the foreign buyers which in turn pave way for more orders.

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VALUATION REPORT

GENERAL DETAILS

Purpose for which Valuation is made

To fix the market value

Date on which Valuation is made

19.11.2014

Name of the Owner/ Owners

1) Mr. Laichan and his wife Mrs. Jeeva Lalichan

2) Mr. M.A. Antony and his wife Mr. Savitha Antony

If the property is under joint ownership/ co-ownership, share of each such owner are the shares undivided?

Undivided

Brief Description of the Property

Proceed from Alappuzha to Poomkavu, south of Pathirapally Jn. Halt in front of Kurisadi Jn of Poomkavu Church on NH47. From there deviate and procedd towards west along Church Road for a distance of 20m and locate the plot with residential building locally identified as Mecherry House, south side of the road in direct frontage with it having the boundaries as under

East – Property of Mr. K.S. Antony

West – Panchayat Road and Property of Mr. Thomas

North – Church Road and Property of Mr. Thomas

South – Property of Varghese and Mr. Joseph Thomas

Location, Street and Ward No.

Mararikulam South Panchayat, Ward No. XI, Beside Poomkavu Church Road and 20m West of NH47

Survey/ Plot No. of Land

Resurvey Nos. 748/6/23/1 – 2.35 Ares

748/5-20 – 0.25 Ares

748/6-22 – 9.80 Ares

748/6-22-1 – 8.30 Ares

--------------

20.70 Ares (51.15 Cents)

T.P. No. 18302 of Pathirapally Village, Ambalapuzha Taluk, Alappuzha District

Is the property situated in the Residential/ Commercial/ Mixed Area/ Industrial area?

Residential Area

Classification of Locality – High Class/ Middle Class/ Poor Class

High Income Group

Proximity to civic Amenities like Schools, Hospitals, Offices, Markets, cinema, etc.

Good

Means and proximity to surface communication by the locality is served

By Road and Rail

Area of land supported by documentary proof, shape, dimensions and physical features

20.70 Ares (51.15 Cents)

Is it leasehold, the name of lessor/ lessee, nature of lease, dates of commencement and termination of renewal of lease

(i) Initial Premium

(ii) Ground rent payable per annum

(iii) Unearned increase payable to the lessor in the event of sale or transfer

Not Applicable – Freehold Only

Is there restrictive covenant in regard to use of land?

Not Applicable

Are there any agreements of easements?

Not Applicable

Does the land fall in an area included in any Town Planning Scheme or any Development Plan of Government or any statutory body? If so, give particulars

Not Applicable

Has any contribution been made towards development or is any contribution been made towards development or is any demand for such contribution still outstanding?

Not Applicable

Has the whole or part of the land been notified for acquisition by government or any statutory body? Give the date of the notification.

Not Applicable

(a) Is the building owner occupied / tenanted/ both?

(b) If Party Owner Occupied, Specify Portion and Extent of Area under Owner Occupation

Self-Occupied

What is the Floor Space Index permissible and percentage actually utilized?

2.5 and 9%

(i) Names of tenant/ lessees/ licensees, etc.

(ii) Portion of the occupation

(iii) Monthly or annual rent/ compensation/ license fee, etc. paid by each

(iv) Gross amount received for the whole property

Not Applicable

Are any of the occupants related to or close business associates, of the owner?

Not Applicable

Is separate amount being recovered for the use of fixtures like fans, geysers, refrigerators, cooking ranges, built-in wardrobes, etc. or for service charges?

Not Applicable

Give details of water and electricity charges, if any, to be borne by the owner

Not Applicable

Has the tenant to bear the whole or part of the cost of repairs and maintenance?

Not Applicable

If a lift is installed, who has to bear the cost of maintenance and operation owner or tenant?

Not Applicable

If a pump is installed, who has to bear the cost of maintenance and operation - owner or tenant?

Not Applicable

Who has to bear the cost of electricity charges for lighting of common space like entrance hall, stairs, passages, compound, etc. – owner or tenant?

Not Applicable

What is the amount of property tax? Who is to bear it?

Self

Is the building insured? If so, give the policy no., amount for which it is insured and the annual premium

Is there any dispute between landlord and tenant regarding rent pending in a court of law?

Not Applicable

Has any standard rent been fixed for the premises under any law relating to the control or rent?

Not Applicable

Give instances of sale immovable property in the locality on a separate Sheet, including the name and address of the Property, Registration No., Sale Price and Area of Land Sold

Not Applicable

Land rate proposed in this valuation

Rs. 500000/ Cent

If sale instance are not available or not relied upon the basis or arriving at the land rate

On enquiry with real estate circles

Year of Commencement of Construction

1999

What was the method of construction – by contract/ by employing labour directly/ both?

Not Applicable

For items of work done on contract produce copies of agreements

Not Applicable

For items of work done by engaging labour directly, give basic rate of materials and labour supported by documentary proof

Not Applicable

VALUATION – SCHEDULE: I

Extent of land – 20.70 Ares (51.15 Cents)

SL. No.

Rate/ Are

Rate/ Cent

Are

Area

Acre

Cent

Valuation in Rs.

Rs. 11.737 lakhs/-

Rs. 4.75 lakhs

20.70

51.15

Rs. 24.296 Millions

Summary:

he total value of the land noted in Schedule I above can be considered as having a market value	Rs. 24.296 Millions

Distress Sale Value	Rs. 23.017 Millions

Guide Line Value for Documentation	Rs. 1.660 Millions

TECHNICLA DETAILS

Number of floors and height of each floor

Two Storey – 3 M

Plinth area floor wise (As per IS: 3861-1966)

G.F. 238 Sq. M.

F.F. 88 Sq. M. and 136 Sq. M. (Aluminium sheets over tubular frame work)

Year of construction

1999

Estimated future life

50 Years

Type of construction-Load Bearing Walls / R.C.C. Frame/ Steel Frame

Load Bearing Structure

Type of Foundation

Rubble Masonry

Walls

Brick Built

Partition

Brick Masonry

Doors and Windows (Floorwise) Rolling Shutters and Cement Concrete Jelleys

Ground Floor

Hard Jungle Wood

First Floor

Hard Jungle Wood

Flooring (Floor Wise)

Mosaic for 85% of the area and ceramic tiles for the remaining portion

Finishing (floor wise)

Normal

Roofing and terracing

Ground Floor: R.C.C.

F.F. - R.C.C. for 88 Sq. M and Aluminium

Special Architectural or decorative features if any

Standard Finishing

i) Internal wiring type surface or conduit

ii) Class of fittings: superior/ ordinary/ poor

Concealed

Sanitary Installations

Standard

Compound Wall all around

Compound wall on four sides

Height and Length

1.5m

Type of Construction

Brick Masonry on three sides

No. of lifts and capacity

Not Applicable

Underground pump – Capacity and type of Construction

Not Applicable

Overhead tank

Not Applicable

Pumps - No. and their horsepower

Not Applicable

Roads and Paving within the compound approximate area and type of paving

Not Applicable

Sewage if septic tanks provided no and capacity

Septic tank

VALUATION – SCHEDULE: II

The plinth area of the Residential building G.F.	238 Sq. M.
	88.00 Sq. M. (R.C.C.)
	136 Sq. M. (Tubular Frame)

G.F. Valued @ Rs. 21,000/ Sq. M. for 238 Sq. M.	Rs. 4.998 Millions
F.F. Valued @ Rs. 20,000/ Sq. M. for 88 Sq. M.	Rs. 1.760 Millions
F.F. Valued @ Rs. 10,000/ Sq. M for 136 Sq. M.	Rs. 1.360 Millions ------------------------
Total Value	Rs. 8.118 Millions
Less: Depreciation	Rs. 1.623 Millions ------------------------
Value after depreciation	Rs. 6.495 Millions
Plus compound wall and gate	Rs. 0.300 Million
Plus toilet block	Rs. 0.050 Million ------------------------
Total value of the buildings in the compound	Rs. 6.845 Millions

Summary: The Total value of the building noted in schedule II above can be considered as having a market value of Rs. 6.845 Millions.

Distress sale value of the building

Rs. 5.516 Millions

Conclusion :

The total value of land and building noted in schedule Nos. I and II above can be considered as having a market value of Rs. 31.141 Millions

Distress sale value

Rs. 28.533 Millions

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.61.76
UK Pound	1	Rs.93.13
Euro	1	Rs.70.03

INFORMATION DETAILS

Information Gathered by :	SVA

Analysis Done by :	KAR

Report Prepared by :	MRI

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.

MIRA INFORM REPORT

Unit