MIRA INFORM REPORT

Report No. :	311073
Report Date :	10.03.2015

IDENTIFICATION DETAILS

Name :	VIJAY ENTERPRISES
Registered Office :	Apna Bazar, A Wing First Floor, Dindori Road Panchavati, Nashik – 422003, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Year of Establishment:	01.08.2013
Capital Investment / Paid-up Capital :	Rs. 3.058 Million
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAKFV8664K
Legal Form :	Partnership Concern with an Unlimited Liability of the Partners
Line of Business :	Trader of Industrial Goods.
No. of Employees :	2 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (32)

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

Status :	Relatively new business
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a relatively new partnership concern establishing itself gradually. Management has reported an acceptable revenue base as well as net profitability from its first 7 months of operations for FYE 14. Trade relations are improving. Business is active. Payment terms are reported as slow but correct. In view of nascence, amid experienced promoters, the concern can be considered for business dealings with 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Vijay Patil
Designation :	Partner
Contact No.:	91-9822263712
Date :	09.03.2015

LOCATIONS

Registered Office :	Apna Bazar, A Wing First Floor, Dindori Road Panchavati, Nashik – 422003, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-9822263712 (Mr. Vijay Patil)
Fax No.:	Not Available
E-Mail :	Vijay.enterprises@live.com
Godown :	Survey No. 146, Ideal Warehousing, Agra Road, Jaulke Shivar, Nashik – 422006, Maharashtra, India
Tel. No.:	91-253-6611413

PARTNERS

Name :	Mr. Vijay Patil
Designation :	Partner
Date of Birth/Age :	54 Years
Qualification :	SSC
Name :	Mr. Amar Patil
Designation :	Partner
Address :	26 Years
Date of Birth/Age :	Graduate

BUSINESS DETAILS

Line of Business :	Trader of Industrial Goods.
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash and credit (30-60-90 Days)
Purchasing :	Cash and credit (30-60-90 Days)

GENERAL INFORMATION

Suppliers :

Reference :

OM Sai Enterprises

Name of the Person :

Mr. Malsane

Contact No.:

91-9657007777

Since How Long Known :

2 Yeas

Maximum Limit Dealt :

Rs. 15.000 Million [Depend on order]

Experience :

Payment Behaviour	Market Goodwill	Overall
Good	Excellent	Good

Remark:

Good company, No complaints.

Reference :

V B Power Private Limited

Name of the Person :

Mr. Santosh Dange – Director

Contact No.:

91-9325119500

Since How Long Known :

2 Years

Maximum Limit Dealt :

Rs. 5.000 Million

Experience :

Payment Behaviour	Market Goodwill	Overall
Good	Good	Good

Remark:

Good company.

• BSNL
• Girna Infraprojects Private Limited
• I T World
• Utkarsh Traders

Customers :

• Girna Infraprojects Private Limited
• Silveroak Commercial Limited
• Vasundhara Realtors Private Limited

No. of Employees :

2 (Approximately)

Bankers :

Bank Name	State Bank of India
Branch	Trimbakeshwar Road
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)	No Facilities
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

• City Co-operative Bank
• State Bank of Hyderabad
• State Bank of India

Auditors :
Name :	Shakhla Chartered Accountants
Address :	Nashik , Maharashtra, India
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern:	M/S Vijay Address: Apna Bazar, A Wing First Floor, Dindori Road Panchavati, Nashik – 422003, Maharashtra, India Line of business: Manufacturer of ice-cream cone.

CAPITAL STRUCTURE

AS ON 31.03.2014

PARTNER’S CAPITAL ACCOUNT

Particulars	Amount [Rs. In Million]
Amar Patil	0.022
Vijay Patil	2.526
Drawing	(0.025)
Profit and Loss A/c	0.535
Total	3.058

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014
SOURCES OF FUNDS
1] Partner’s Capital	3.058
2] Share Application Money	0.000
3] Reserves & Surplus	0.000
4] (Accumulated Losses)	0.000
NETWORTH	3.058
LOAN FUNDS
1] Secured Loans	0.000
2] Unsecured Loans	2.500
TOTAL BORROWING	2.500
DEFERRED TAX LIABILITIES	0.000
TOTAL	5.558
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]	0.099
Capital work-in-progress	0.000
INVESTMENT	0.000
DEFERRED TAX ASSETS	0.000
CURRENT ASSETS, LOANS & ADVANCES
Inventories	0.403
Sundry Debtors	8.268
Cash & Bank Balances	0.141
Other Current Assets	0.000
Loans & Advances and Deposits	0.000
Total Current Assets	8.812
Less : CURRENT LIABILITIES & PROVISIONS
Sundry Creditors	2.895
Other Current Liabilities	0.000
Provisions	0.458
Total Current Liabilities	3.353
Net Current Assets	5.459
MISCELLANEOUS EXPENSES	0.000
TOTAL	5.558

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014
	SALES
	Income	41.161
	Other Income	0.367
	TOTAL	41.528
Less	EXPENSES
	Cost of Goods Sold	38.447
	Freight and Transport Expenses	0.005
	Godown Rent	0.084
	Packing, Forwarding and Loading Charges	0.022
	Transportation Charges	0.073
	Transportation Charges Inward	0.040
	Salary and Wages	0.312
	Repairs and Maintenance	0.024
	Conveyance Expenses	0.000
	Audit Fees	0.015
	Professional Fees	0.187
	ESIC Contribution	0.000
	Bank Charges	0.003
	VAT Interest	0.000
	Bank Interest	0.275
	Printing and Stationary Charges	0.028
	Travelling Expenses	0.218
	Office Expenses	0.012
	Turnover Discount on Sales	0.861
	Telephone Expenses	0.019
	Other Expenses	0.357
	TOTAL	40.982
Less	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.546
Less	DEPRECIATION/ AMORTISATION	0.011
	NET PROFIT/ (LOSS)	0.535

Expected Sales ( 2014-2015 ) : Rs.50.000 Million

The above information has been parted by Mr. Vijay Patil (Partner)

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

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT / Sales)	(%)	1.30
Operating Profit Margin (PBIDT/Sales)	(%)	1.33
Return on Total Assets (PBT/Total Assets}	(%)	6.00
Return on Investment (ROI) (PBT/Networth)		0.17
Debt Equity Ratio (Total Debt /Networth)		0.82
Current Ratio (Current Asset/Current Liability)		2.63

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	No
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 one year	Yes
12]	Profitability for last one year	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	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.62.62
UK Pound	1	Rs.94.39
Euro	1	Rs.67.96

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	SUB
Report Prepared by :	SNT / KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	4
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		32

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.