MIRA INFORM REPORT

Report No. :	329510
Report Date :	01.07.2015

IDENTIFICATION DETAILS

Name :	GANESH TRADERS
Registered Office :	S. No. 43/7/1, Jogeshwari Nagar, Gujarwadi Road, Katraj, Pune-411046, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Year of Establishment :	2000
Com. Reg. No.:	KATRAJ/2/1549
Capital Investment / Paid-up Capital :	Rs.3.671 Million
IEC No.:	Not Available
TIN No.:	Not Available
PAN No.: [Permanent Account No.]	AAFFG7214D
Legal Form :	Partnership Concern with an unlimited liability of the partners
Line of Business :	Distributor of Pepsi, Mirinda, Mountain Dew, 7 up, Slice, Dukes soda, Aquafina, Tat Gluco.
No. of Employees :	24 (Approximately) [In office = 6, In factory = 18]

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

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a partnership concern established in the year 2000, having satisfactory track. Mr. Sunil Sudhakar Konde (Manager) Provided all information about the subject to us. Financial details for the FY2014-2015 could not made available from any sources As per available financials of the year 2013-14, concern has reported acceptable turnover. However, rating constraints on account if increasing external borrowing and fair profit margin reported by the concern. 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 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

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 31-03-2013.

INFORMATION PARTED BY

Name :	Mr. Sunil Sudhakar Konde
Designation :	Manager
Contact No.:	91-9175990990
Date :	25.06.2015

LOCATIONS

Registered Office :	S. No. 43/7/1, Jogeshwari Nagar, Gujarwadi Road, Katraj, Pune-411046, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-9175990990 (Mr. Sunil Sudhakar Konde)
Fax No.:	Not Available
E-Mail :	konde7@gmail.com
Area :	15,000 Sq. ft.
Location :	Rented

PARTNERS

Name :	Mr. Sanjay Sudhakar Konde
Designation :	Partner
Address :	S. No. 29, Plot No. 58, Durvankur Classis, Chaitanya Nagar, Dhankwadi, Pune – 411043, Maharashtra, India
Date of Birth/Age :	26.05.1975
Qualification :	Graduate
Experience :	15 Years
Name :	Mrs. Swati Sanjay Konde
Designation :	Partner
Address :	S. No. 29, Plot No. 58, Durvankur Classis, Chaitanya Nagar, Dhankwadi, Pune – 411043, Maharashtra, India
Date of Birth/Age :	22.01.1974
Qualification :	Graduate
Experience :	12 Years
Name :	Mrs. Kirti Sunil Konde
Designation :	Partner
Address :	S. No. 29, Plot No. 58, Durvankur Classis, Chaitanya Nagar, Dhankwadi, Pune – 411043, Maharashtra, India
Date of Birth/Age :	24.02.1983
Qualification :	Graduate
Experience :	12 Years

KEY EXECUTIVES

Name :	Mr. Sunil Sudhakar Konde
Designation :	Manager

BUSINESS DETAILS

Line of Business :	Distributor of Pepsi, Mirinda, Mountain Dew, 7 up, Slice, Dukes soda, Aquafina, Tat Gluco.
Products :	Pepsi Mirinda Mountain Dew 7 up Slice Dukes soda Aquafina Tat Gluco
Brand Names :	---
Agencies Held :	---
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Suppliers :

Reference :	Pepei Co India Holding Private Limited
Name of the Person :	Vikas Tondon (Sales Manager)
Contact No.:	91-9823990605
Since How Long Known :	15 Years
Experience :	Payment Behaviour = Good Market Goodwill = Good Overall = Good
Maximum Limit Dealt :	Not Divulged
Remark :	They gave us positive response about subject company, they are satisfied with their payment behavior and market goodwill.

Customers :

Wholesalers, Retailers

Reference :	Sharma Shop
Name of the Person :	Mr. Pravin
Contact No.:	91-9370705262 (Ringing)
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

24 (Approximately) [In office = 6, In factory = 18]

Bankers :

Bank Name	State Bank of India
Branch	S.no. 133/2, Near Bharati Vidyapeeth, Pune- Satara Road, KAtraj, Pune- 411046, Maharashtra, India
Person Name (With Designation)	Mr. Joshi
Contact Number	91-7875559743
Name of Account Holder	Ganesh Traders
Account Number	30513960432
Account Since (Date/Year of Account Opening)	2000
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Spoke to Mr. Joshi from Bank who told us to call after tomorrow as they are busy

Bank Name	Janta Sahkari Bank Limited, Pune
Branch	Dhankawadi
Person Name (With Designation)	Mr. Atre
Contact Number	91-9890909236
Name of Account Holder	Ganesh Traders
Account Number	043230100000250
Account Since (Date/Year of Account Opening)	2014
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Contact number are continuously busy.

Banking Relations :	--
Auditors :
Name :	P.N. Jagtap and Company Chartered Accountants
Address :	Parvati, Pune – 09, Maharashtra, India
Tel no. :	91-20-24441087
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available
Sister Concern :	Not Available

CAPITAL STRUCTURE

Particulars	Amount
Konde Kirti S	1.397
Konde Sanjay S	0.858
Konde Swati S	1.416
Total	3.671

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2014	31.03.2013
SHAREHOLDERS FUNDS
1] Share Capital		3.671	3.840
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		0.000	0.000
NETWORTH		3.671	3.840
LOAN FUNDS
1] Secured Loans		3.217	3.097
2] Unsecured Loans		3.008	2.874
TOTAL BORROWING		6.225	5.971
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		9.896	9.811
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.240	1.735
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2.602	2.512
	Sundry Debtors	3.144	4.696
	Cash & Bank Balances	1.479	0.450
	Other Current Assets	2.529	2.926
	Loans & Advances	0.000	0.000
Total Current Assets		9.754	10.584
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	2.044	2.483
	Other Current Liabilities	0.028	0.003
	Provisions	0.026	0.022
Total Current Liabilities		2.098	2.508
Net Current Assets		7.656	8.076
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		9.896	9.811

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013
	SALES
	Income	102.038	109.258
	Other Income	0.961	2.784
	TOTAL (A)	102.999	112.042
Less	EXPENSES
	Cost of Materials Consumed	94.667	103.145
	Audit fees	0.025	0.025
	Bank interest and charges	0.001	0.000
	Bank interest charge and commission	0.661	0.477
	Central for Indian Trade Union	0.001	0.000
	Consultant Fees	0.015	0.000
	Digital Sign	0.006	0.000
	Electricity Expenses and charges	0.030	0.028
	Employer Contribution to ESI	0.116	0.059
	Employer Contribution to PF	0.270	0.130
	Insurance	0.163	0.000
	Interest on ESI/PF	0.001	0.000
	Interned Expenses	0.025	0.023
	Partner Interest	0.461	0.544
	Partner Salary	0.600	0.600
	Pune Municipal corporation	0.019	0.000
	Rent	0.919	0.875
	Repair and Maintenance	0.175	0.075
	Salary Bonus and wages	2.559	2.181
	Stationery Expenses	0.096	0.095
	Telephone chrges	0.026	0.026
	Transport charges	1.946	1.842
	Travelling Convey	0.089	0.039
	Hamali Charges	0.000	1.495
	Postage and Telephone	0.000	0.032
	Spare apart and Automobiles		0.210
	TOTAL	102.871	111.901
Less/ Add	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.128	0.141
	DEPRECIATION/ AMORTISATION	0.045	0.057
	NET PROFIT/ (LOSS)	0.083	0.084

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	0.08	0.08
Return on Total Assets (PBT/Total Assets}	(%)	0.69	0.68
Return on Investment (ROI) (PBT/Networth)		0.02	0.02
Debt Equity Ratio (Total Debt /Networth)		1.70	1.55
Current Ratio (Current Asset/Current Liability)		1.91	1.97

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Share Capital	3.840	3.671
Reserves & Surplus	0.000	0.000
Net worth	3.840	3.671
long-term borrowings	3.097	3.217
Short term borrowings	2.874	3.008
Total borrowings	5.971	6.225
Debt/Equity ratio	1.555	1.696

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	109.258	102.038
		(6.608)

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	109.258	102.038
Profit	0.084	0.083
	0.08%	0.08%

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	No
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	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	No
25	Last accounts filed at ROC, if applicable	No
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	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.63.75
UK Pound	1	Rs.100.12
Euro	1	Rs.71.20

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	KIN
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	4
--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	YES
--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.