MIRA INFORM REPORT

Report No. :	313781
Report Date :	04.05.2015

IDENTIFICATION DETAILS

Name :	SHREENATH PRINT PACK

Registered Office :	151, Road No. 5, Kathwada, GIDC, Ahmedabad, Gujarat

Tel. No.:	Not Available

Country :	India

Date of Incorporation :	01.10.2014

Capital Investment / Paid-up Capital :	Not Divulged

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

PAN No.: [Permanent Account No.]	ACQFS6826E

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

Line of Business :	Multi-Colour Offset Printing and Manufacturer of Cartons and Allied Printing Business.

No. of Employees :	10 (Approximately) [In Factory]

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Status :	New Business

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a new partnership concern and yet to establish itself gradually. Mr. Nilesh (Key Executive) provided general information and also claimed that the concern will commence its commercial activity within two months. Payment terms are unknown. The concern can be considered for business dealings on a fully safe and secured 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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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. Mukesh Garg
Designation :	Key Executive
Contact No.:	91-9712389900
Date :	27.04.2015

LOCATIONS

Registered Office/ Factory :	151, Road No. 5, Kathwada, GIDC, Ahmedabad, Gujarat, India
Tel. No.:	Not Available
Mobile No.:	91-9712389900 (Mr. Mukesh Garg) 91-9998706240 (Mr. Kalpesh Tulsidas Patel) 91-9427285474 (Mr. Gajendrakumar Bhagwanbhai Patel) 91-9727759980 (Mr. Dharmendrakumar Babula Patel) 91-7802065154 (Mr. Bharatbhai Baldevbhai Patel) 91-8000958060 (Jayamin Gunvatbhai Patel) 91-9924122737 (Ramaben Nileshkumar Prajapati)
Fax No.:	Not Available
E-Mail :	neel_adv@yahoo.com
Location :	Rented

Factory :	152, Road No. 5, Kathwada, GIDC, Ahmedabad, Gujarat, India

PARTNERS

Name :	Mr. Kalpesh Tulsidas Patel
Designation :	Partner
Address :	B-21, Utsav Bunglows, Sukhpara, Mehsana - 384002, Gujarat, India
Date of Birth/Age :	11.06.1978
PAN No.:	ARSPP9102B
Passport No.:	K4368649
Voter ID No.:	LXJ1296375

Name :	Mr. Gajendrakumar Bhagwanbhai Patel
Designation :	Partner
Address :	C/7, Utsav Bunglows, Sukhpara, Mehsana - 384002, Gujarat, India
Date of Birth/Age :	04.12.1981
PAN No.:	ARZPP1338G
Voter ID No.:	LXJ3357977

Name :	Mr. Dharmendrakumar Babula Patel
Designation :	Partner
Address :	A/5-23, Alok-5, Near Nirant Char Rasta, Vastral, Ahmedabad - 384415, Gujarat, India
Date of Birth/Age :	07.06.1984
Qualification :	HSC
Experience :	7-8 Years
PAN No.:	APXPP2548E
Voter ID No.:	AGN2877728

Name :	Mr. Bharatbhai Baldevbhai Patel
Designation :	Partner
Address :	A/13, Sanskruti Flat, Bopal, Ahmedabad - 380058, Gujarat, India
Date of Birth/Age :	12.09.1978
PAN No.:	ASXPP2141A
Voter ID No.:	KSK1696814

Name :	Mr. Jayamin Gunvatbhai Patel
Designation :	Partner
Address :	221, Patel Vas, Mota Bhag, At Post Lali, Kheda - 387120, Gujarat, India
Date of Birth/Age :	05.06.1988
PAN No.:	CAVPP3557J
Voter ID No.:	WPX1119726

Name :	Mrs. Ramaben Nileshkumar Prajapati
Designation :	Patner
Address :	34, Galaxy Bunglows, Opposite Kaveri Bunglows, New Naroda, Ahmedabad - 382350, Gujarat, India
Date of Birth/Age :	31.08.1974
PAN No.:	AMYPP8127D

KEY EXECUTIVES

Name :	Mr. Mukesh Garg
Designation :	Key Executive

BUSINESS DETAILS

Line of Business :	Multi-Colour Offset Printing and Manufacturer of Cartons and Allied Printing Business.

Brand Names :	--

Agencies Held :	--

Exports :	--

Imports :	--

Terms :
Selling :	Credit (90 Days)

Purchasing :	Credit (30 Days)

GENERAL INFORMATION

Suppliers :

Reference:	--
Name of the Person (with Designation):	--
Contact Number:	--
Since How Long Known:	--
Maximum Limit Dealt:	--
Experience :	--
Remarks :	--

Customers :

Wholesalers and Retailers

Reference:	--
Name of the Person (with Designation):	--
Contact Number:	--
Since How Long Known:	--
Maximum Limit Dealt:	--
Experience :	--
Remarks :	--

No. of Employees :

10 (Approximately) [In Factory]

Bankers :

Bank Name:	Bank of India
Branch:	Ashram Road Branch, Ahmedabad, Gujarat, India
Name of the Person (with Designation):	Mr. Prakash Parmar
Contact Number:	91-79-26589706
Name of Account Holder:	SHREENATH PRINT PACK
Account Number:	200220110000649
Account Since (Date/ Year of A/c Opening):	27.01.2015
Average Balance Maintained (Optional):	New Account
Credit Facilities Enjoyed (CC/OD/Term Loan):	--
Account Operation:	--
Remarks: --

Facilities :

Auditors :	Not Divulged

Memberships :	--

Collaborators :	--

Sister Concerns:	Honey Offset Address: 9813, Shraddha Industrial Estate, Amraiwadi, Ahmedabad, Gujarat, India

CAPITAL STRUCTURE

Capital Investment :
Owned :	Not Divulged
Borrowed :	Not Divulged
Total :	--

FINANCIAL DATA

[all figures are in Rupees Million]

NEW CONCERN

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

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 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	No
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	Yes
34]	External Agency Rating, if available	No

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

COST OF PROJECT

(RS. IN MILLION)

PARTICULAR	EXPANSION	AMOUNT

Plant and Machinery

Ultra Man GVI + Coater Machine	5.648	2.332	7.980

Paper Cutting Machinery	0.552	0.184	0.736

Plate Making Machine	0.000	0.150	0.150

Electric Installations + Air Conditions	0.000	0.310	0.310

Furniture and Fixtures	0.000	0.150	0.150

Computers and Accessories	0.000	0.130	0.130

Margin for Working Capital	0.000	0.375	0.375

Total	6.200	3.631	9.831

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MEANS OF FINANCE

(RS. IN MILLION)

PARTICULAR	AMOUNT

Promoters Capital	0.000	2.631	2.631

Unsecured Loan	0.000	1.000	1.000

Term Loan	6.200	0.000	6.200

Total	6.200	3.631	9.831

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

OPERATING STATEMENT

(RS. IN MILLION)

SR. NO.	PARTICULARS	31.03.2016	31.03.2017	31.03.2018	31.03.2019	31.03.2020	31.03.2021
		Projection	Projection	Projection	Projection	Projection	Projection
1	Gross Sales
	(i) Domestic Sales	9.600	10.560	11.616	12.778	14.055	15.461

	(ii) Export Sales	0.000	0.000	0.000	0.000	0.000	0.000

	Other Income	0.000	0.000	0.000	0.000	0.000	0.000

	Total	9.600	10.560	11.616	12.778	14.055	15.461

2	Less: Excise Duty	0.000	0.000	0.000	0.000	0.000	0.000

3	Net Sales	9.600	10.560	11.616	12.778	14.055	15.461

4	% age rise(+) or Fall(-) in net sales as compared to previous year	0.00%	10.00%	10.00%	10.00%	10.00%	10.00%

5	Cost of Sales

	i) Purchase	4.184	4.969	5.870	6.822	7.795	8.904

	ii) Wages	0.586	0.596	0.704	0.819	0.935	1.069

	iii) Electricity Charges	0.628	0.745	0.880	1.023	1.169	1.336

	iv) Depreciation	1.477	1.220	1.023	0.864	0.732	0.621

	v) Purchase for resale	0.000	0.000	0.000	0.000	0.000	0.000

	vi) Sub-Total	6.874	7.531	8.478	9.528	10.632	11.930

	vii) Add: Opening Stock in Process	0.000	0.000	0.000	0.000	0.000	0.000

	Sub-Total	6.874	7.531	8.478	9.528	10.632	11.930

	viii) Less: Closing Stock in Process	0.000	0.000	0.000	0.000	0.000	0.000

	x) Cost of Production	6.874	7.531	8.478	9.528	10.632	11.930

	xi) Add: Opening Stock in Finished Goods/ Import Licence/ Packing Material	0.000	0.263	0.289	0.318	0.350	0.385

	Sub-Total	6.874	7.794	8.767	9.846	10.982	12.315

	xii) Deduct: Closing Stock of Finished Goods/ Import License/ Packing Material	0.263	0.289	0.318	0.350	0.385	0.424

	xiii) Sub-Total (Total Cost of Sales)	6.611	7.505	8.449	9.496	10.597	11.891

6	Selling, General and Administrative Expense	1.502	1.596	1.704	1.769	1.895	1.969

7	Sub-Total (5+6)	8.113	9.101	10.153	11.265	12.493	13.860

8	Operating Profit Before Interest (3-7)	1.487	1.459	1.463	1.513	1.562	1.601

9	Interest on CC	0.210	0.210	0.210	0.210	0.210	0.210

9a	Interest Term Loan	0.746	0.627	0.507	0.388	0.269	0.149

10	Operating Profit After Interest (8-9)	0.530	0.622	0.746	0.915	1.084	1.242

11	i) Add: Other Non-operating Income

	a. Interest on Loan and Adv.	0.000	0.000	0.000	0.000	0.000	0.000

	b. Miscellaneous Income	0.000	0.000	0.000	0.000	0.000	0.000

	Sub Total (Income)	0.000	0.000	0.000	0.000	0.000	0.000

	ii) Deduct: Other Non-operating Expenses

	a) Loss on Sale of fixed assets	0.000	0.000	0.000	0.000	0.000	0.000

	b) Preliminary Expense written off	0.000	0.000	0.000	0.000	0.000	0.000

	Sub Total (Expenses)	0.000	0.000	0.000	0.000	0.000	0.000

	iii) Net of Other Non-operating Income/ Expenses	--	--	--	--	--	--

	Net of 11(i) & 11(ii)	0.000	0.000	0.000	0.000	0.000	0.000

12	Profit Before Tax/ Loss (10+11)	0.530	0.622	0.746	0.915	1.084	1.242

12a	Remuneration to Partners	0.424	0.498	0.596	0.732	0.867	0.993

13	Profit After Remuneration	0.106	0.124	0.149	0.183	0.217	0.248

14	Provision for Taxes	0.032	0.037	0.045	0.055	0.065	0.075

15	Net Profit/ Loss (12-13)	0.074	0.087	0.104	0.128	0.152	0.174

16	(a) Equity Dividend Paid	0.000	0.000	0.000	0.000	0.000	0.000

	(b) Dividend Rate	0%	0%	0%	0%	0%	0%

17	Retained Profit (15+16)	0.074	0.087	0.104	0.128	0.152	0.174

18	Retained Profit/ Net Profit (%age)	0.77%	0.82%	0.90%	1.00%	1.08%	1.12%

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ANALYSIS OF BALANCE SHEET

(RS. IN MILLION)

SR. NO.	PARTICULARS	31.03.2016	31.03.2017	31.03.2018	31.03.2019	31.03.2020	31.03.2021
		Projection	Projection	Projection	Projection	Projection	Projection

	Operating Months

1	Short-term Borrowings from Banks (Including Bills Purchased, discounted and excess borrowings placed on repayment basis)

	(i) From applicant bank	1.500	1.500	1.500	1.500	1.500	1.500

	(ii) From other banks	0.000	0.000	0.000	0.000	0.000	0.000

	(iii) (Of which BP & BD)	0.000	0.000	0.000	0.000	0.000	0.000

	Sub-Total (A)	1.500	1.500	1.500	1.500	1.500	1.500

2	Short term borrowings from others	0.000	0.000	0.000	0.000	0.000	0.000

3	Sundry Creditors (trade)	0.172	0.204	0.241	0.280	0.320	0.366

4	Advance payments from customers	0.000	0.000	0.000	0.000	0.000	0.000

5	Provision for Taxation	0.032	0.037	0.045	0.055	0.100	0.075

6	Dividend Payable	0.000	0.000	0.000	0.000	0.000	0.000

7	Other statutory liabilities (Due within One Year)	0.000	0.000	0.000	0.000	0.000	0.000

8	Deposits/ Instalments of Term Loan/ DPGs/ Debentures, etc.(due within one year)	0.919	0.919	0.919	0.919	0.919	0.686

9	Other current liabilities and Provisions (Due within One Year)	0.112	0.121	0.135	0.148	0.164	0.180

	Sub Total (B)	1.235	1.281	1.340	1.402	1.503	1.306

10	Total Current Liabilities [Total of 1 to 9]	2.735	2.781	2.840	2.902	3.003	2.806

	TERM LIABILITIES

11	Debentures (not maturing within one year)	0.000	0.000	0.000	0.000	0.000	0.000

12	Preference Shares (Redeemable after one year)	0.000	0.000	0.000	0.000	0.000	0.000

13	Term loans (Excluding instalments payable within one year)	4.362	3.443	2.524	1.605	0.686	0.000

14	Deferred Payment Credits (Excluding instalments due within one year)	0.000	0.000	0.000	0.000	0.000	0.000

15	Term Deposits (Repayable after)	0.000	0.000	0.000	0.000	0.000	0.000

16	Other Term Liabilities	1.000	1.000	0.600	0.400	0.400	0.400

17	Total Term Liabilities [Total 11 to 16]	5.362	4.443	3.124	2.005	1.086	0.400

18	Total Outside Liabilities [10+17]	8.097	7.224	5.964	4.907	4.089	3.206

	NET WORTH

19	Ordinary Share Capital	2.631	3.345	4.081	4.822	5.560	6.246

19a	Interest to Partners	0.316	0.401	0.490	0.579	0.667	0.750

19b	Remuneration to Partners	0.424	0.498	0.596	0.732	0.867	0.993

20	Surplus (+) or Deficit (-) in Profit and Loss	0.074	0.087	0.104	0.128	0.152	0.174

21	Reserve (Depreciation Reserve)	0.000	0.000	0.000	0.000	0.000	0.000

22	Withdrawal	(0.100)	(0.250)	(0.450)	(0.700)	(1.000)	(1.350)

23	Net Worth	3.345	4.081	4.822	5.560	6.246	6.813

24	Total Liabilities (18+24)	11.442	11.305	10.786	10.467	10.335	10.019

	CURRENT ASSETS

26	Cash and Bank Balance	0.045	0.421	0.435	0.448	0.478	0.153

27	Investments (other than Trustee Securities)
	I. Government and Other Trustee Securities/ Other Deposits	0.000\|	0.000	0.000	0.000	0.000	0.000
	II. Fixed Deposits with Banks	0.000	0.000	0.000	0.000	0.000	0.000

28	(i) Receivables other than deferred and exports (Including Bills Purchased and Discounted by Banks)	2.367	2.893	3.182	3.501	3.851	4.236
	(ii) Export receivable (Including Bills purchased/ discounted by banks)	0.000	0.000	0.000	0.000	0.000	0.000

29	Instalments of Deferred receivable (Due within one year) (Uttam)	0.000	0.000	0.000	0.000	0.000	0.000

30	Inventory
	(i) stock in Trade
	a) Stock of Raw Materials	0.688	0.817	0.965	1.121	1.281	1.464
	b) Stock in Process	0.000	0.000	0.000	0.000	0.000	0.000
	c) Stock of Finished Goods	0.263	0.289	0.318	0.350	0.385	0.424
	d) Stock of Consumables	0.000	0.000	0.000	0.000	0.000	0.000

31	Advance to suppliers of Goods	0.000	0.000	0.000	0.000	0.000	0.000

32	Loans and Advances/ Advance Payment of Taxes	0.000	0.000	0.000	0.000	0.000	0.000

33	Other Current Assets (MODVAT Receivable)	0.100	0.125	0.150	0.175	0.200	0.225

34	Total Current Asset [Total 26 To 33]	3.463	4.546	5.050	5.595	6.195	6.501

	FIXED ASSETS

35	Gross Block [Land, Building, Machine, etc. and Work on Progress]	9.456	9.456	9.456	9.456	9.456	9.456

36	Depreciation to date	1.477	2.697	3.720	4.584	5.317	5.938

37	Net Block (35-36)	7.979	6.759	5.736	4.872	4.139	3.518

	Capital Work in Process	0.000	0.000	0.000	0.000	0.000	0.000

	OTHER NON-CURRENT ASSETS

38	Investments/ book debts/ advances/ deposits which are non-current assets	0.000	0.000	0.000	0.000	0.000	0.000

	i. a. Investments in subsidiary companies/ affiliates	0.000	0.000	0.000	0.000	0.000	0.000
	b. Others	0.000	0.000	0.000	0.000	0.000	0.000

	ii. Advances to suppliers of capital goods and contractors	0.000	0.000	0.000	0.000	0.000	0.000

	iii. Deferred Receivables (Maturity exceeding one year)	0.000	0.000	0.000	0.000	0.000	0.000

	iv. Others	0.000	0.000	0.000	0.000	0.000	0.000

39	Non-Consumable Stores and Spares	0.000	0.000	0.000	0.000	0.000	0.000

40	Other non-current assets including (Dues from directors)	0.000	0.000	0.000	0.000	0.000	0.000

41	Total other non-current assets (Total 38 to 40)	0.000	0.000	0.000	0.000	0.000	0.000

42	Intangible assets (Patents, Goodwill, prelim. expenses, bad/ doubtful debts not provided for etc.)	0.000	0.000	0.000	0.000	0.000	0.000

43	TOTAL ASSETS (Total of 34,37,41 and 42)	11.442	11.305	10.786	10.467	10.335	10.019

44	Tangible Net Worth (24-42)	3.345	4.081	4.822	5.560	10.382	6.813

45	Net Working Capital (17+24)	0.727	1.765	2.210	2.694	3.192	3.695

46	Current Ratio (Item 34/10)	1.27	1.63	1.78	1.93	2.06	2.32

46 a	D.S.C.R.	0.00	0.00	0.00	0.00	0.00	0.00
	Average D.S.C.R.	--	--	--	--	--	--
47	Total Outside Liabilities/ Tangible Net Worth (18/44)	0.242	0.177	0.124	0.088	0.039	0.047

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COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES

(RS. IN MILLION)

SR. NO.	PARTICULARS	31.03.2016	31.03.2017	31.03.2018	31.03.2019	31.03.2020	31.03.2021
		Projection	Projection	Projection	Projection	Projection	Projection

	A: CURRENT ASSETS

1	Stok in Trade

	Stock of Raw Materials	0.688	0.817	0.965	1.121	1.281	1.464
	(Days Cost of Purchases)	60	60	60	60	60	60

	Stock in Process	0.000	0.000	0.000	0.000	0.000	0.000
	(Days Cost of Production)	0	0	0	0	0	0

	Stock of Finished Goods	0.263	0.289	0.318	0.350	0.385	0.424
	(Days of Cost of Consumables)	15	14	14	13	13	13

2	Receivables other than export Deferred Receivables (Including Bills Purchase and Discounted by Banks)	2.367	2.893	3.182	3.501	3.851	4.236
	(Days Domestic Sales: Excluding Deferred Payment Sales)	90	100	100	100	100	100

3	Export Receivables (Including Purchase and Discounted by Banks)	--	--	--	--	--	--
	(Month Export Sales)	0	0	0	0	0	0

4	Advance to the Suppliers of Raw Materials and Stores, Spares and Consumables	0.000	0.000	0.000	0.000	0.000	0.000

5	Other Current Asset including Cash and Bank Balance, Deffered Receivables due within one year (Specify Major Items)	0.145	0.546	0.585	0.623	0.678	0.378

6	Total Current Assets	3.463	4.546	5.050	5.595	6.195	6.501

	B. CURRENT LIABILITIES
	(Other than Bank Borrowings for Working Capital)

7	Sundry Creditors (Trade)	0.172	0.204	0.241	0.280	0.320	0.366
	(Days Purchases)	15	15	15	15	15	15

8	Advances from Customers	0.000	0.000	0.000	0.000	0.000	0.000

9	Statutory Liabilities	0.032	0.037	0.045	0.055	0.100	0.075

10	Other Current Liabilities
	(Specify Major Items)
	i) Short term Borrowings	0.000	0.000	0.000	0.000	0.000	0.000

	ii) Unsecured Loans	0.000	0.000	0.000	0.000	0.000	0.000

	iii) Dividend Payables	0.000	0.000	0.000	0.000	0.000	0.000

	iv) Installments of Term Loans, DPG Public Deposits, Debentures, etc.	0.000	0.919	0.919	0.919	0.919	0.686

	v) Others	0.112	0.121	0.135	0.148	0.164	0.180

11	Total Current Liabilities	0.315	1.281	1.340	1.403	1.503	1.306

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

BANK FINANCE FOR WORKING CAPITAL

(RS. IN MILLIONS)

SR. NO.	PARTICULARS	31.03.2016	31.03.2017	31.03.2018	31.03.2019	31.03.2020	31.03.2021
		Projection	Projection	Projection	Projection	Projection	Projection

1.	Total Current Assets	3.463	4.546	5.050	5.595	6.195	6.501

2	Other Current Liabilities (Other than Bank Borrowings)	1.235	1.281	1.340	1.402	1.503	1.306

3	Working Capital Gap (WCG) (1-2)	2.227	3.265	3.710	4.194	4.692	5.195

4	Minimum Stipulated Net Working Capital i.e. 25% of WCG or 25% of WCG or 25% of Total Current Assets as the method of lending being applied (Export receivables to be excluded under both methods)	0.557	0.816	0.928	1.048	1.173	1.299

5	Actual Project Net Working Capital	0.727	1.765	2.210	2.694	3.192	3.695

6	Item 3 minus item 4	1.670	2.448	2.783	3.145	3.519	3.896

7	Item 3 minus item 5	1.500	1.500	1.500	1.500	1.500	1.500

8	Maximum permissible Bank Finance (Item 6 or 7 whichever is lower)	1.500	1.500	1.500	1.500	1.500	1.500

9	Excess Borrowings representing short fall in net working capital (4-5)	--	--	--	--	--	--

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FUNDS FLOW STATEMENT

(RS. IN MILLION)

SR. NO.	PARTICULARS	31.03.2016	31.03.2017	31.03.2018	31.03.2019	31.03.2020	31.03.2021
		Projection	Projection	Projection	Projection	Projection	Projection

1	SOURCES
	a. Net Profit After Tax	0.074	0.087	0.104	0.128	0.152	0.174

	b. Depreciation	1.477	1.220	1.023	0.864	0.732	0.621

	c. Increase in Capital	0.131	0.714	0.736	0.741	0.738	0.686

	d. Increase in Term Liabilities (Including Public Deposit )	0.000	0.000	0.000	0.000	0.000	0.000

	e. Decrease in;
	i) Fixed Assets	0.000	0.000	0.000	0.000	0.000	0.000

	ii) Other Non-Current Assets	0.000	0.000	0.000	0.000	0.000	0.000

	f) Others	0.000	0.000	0.000	0.000	0.000	0.000

	Total	1.682	2.022	1.864	1.733	1.622	1.481

2	USES

	a) Net Loss	0.000	0.000	0.000	0.000	0.000	0.000

	b) Decrease in Term Liabilities, Capital	0.719	0.919	1.319	1.119	0.919	0.686

	(Including Public Deposits)	0.000	0.000	0.000	0.000	0.000	0.000

	c) Withdrawals	(0.100)	(0.250)	(0.450)	(0.700)	(1.000)	(1.350)

	e) Others	0.000	0.000	0.000	0.000	0.000	0.000

	Total	0.875	0.669	0.869	0.419	(0.081)	(0.664)

3	Long Term Surplus (+) Deficit (-) (1-2)	0.807	1.353	0.995	1.314	1.703	2.145

4	Increase/ Decrease in Current Assets	2.775	1.083	0.505	0.545	0.600	0.306

5	Increase/ Decrease in Current Liabilities other than Bank Borrowing	0.293	0.046	0.059	0.061	0.102	(0.197)

6	Increase/ Decrease in Working Capital Gap	2.482	1.037	0.446	0.483	0.498	0.503

7	Net Surplus (+) Deficit (-) (Difference of 3 & 6)	1.675	(0.315)	(0.549)	(0.830)	(1.205)	(1.642)

8	Increase/ Decrease in Bank Borrowing	1.500	0.000	0.000	0.000	0.000	0.000

	Increase/ Decrease in Net Sales	8.600	0.960	1.056	1.162	1.278	1.406

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NETWORTH STATEMENT

MR. BHARATBHAI BALDEVBHAI PATEL

BANK A/C

BANK	BRANCH	S/B/ C/D A/C NO.	PRESENT BALANCE	LAST 6 MONTH AVG. BAL.

BOB	-	29560100001274	--	--

DETAILS OF ASSETS

MOVABLE PROPERTY

INSURANCE POLICIES

NAME OF COMPANY AND BRANCH	POLICY NO.	DATE OF ISSUE	SUM ASSURED	SURRENDER VALUE	ANNUAL PREMIUM	PREMIUM PAID UPTO WHAT PERIOD

LIC	819935963	02.09.2008	0.250	--	0.006	0.042

LIC	819914067	08.08.2006	0.100	--	0.007	0.066

VEHILCES

TYPE OF VEHICLE	REGISTRATION NO.	MODEL	YEAR OF MAKE	COST AT TIME OF PURCHASE	RC BOOK DETAILS	PRESENT VALUE

Car	GJ01KH6587	Hyundai	2011	0.500	--	0.350

JEWELLARY

PARTICULAR	QUANTITY	VALUATION

GOLD	--	0.100

CAPITAL INVESTED IN BUSINESS

NAME OF THE FIRM/ COMPANY	AMOUNT

--	1.196

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NETWORTH STATEMENT

MR. DHARMENDRAKUMAR BABULA PATEL

DETAILS OF ASSETS

IMMOVABLE PROPERTY

ASSETS	OWN/ JOINT NAME	AREA	FREEHOLD OR LEASEHOLD	LOCATION/ ADDRESS	PURCHASE COST	PRESENT VALUE	WHETHER ENCUMBERED (GIVE DETAILS)

Commercial	Joint	159.75 Sq. Mtr.	--	13, Shraddha Indsutrial Estate, Amraiwadi, Ahmedabad, Gujarat, India	1.000	2.000	Yes

MOVABLE PROPERTY

INSURANCE POLICIES

NAME OF COMPANY AND BRANCH	POLICY NO.	DATE OF ISSUE	SUM ASSURED	SURRENDER VALUE	ANNUAL PREMIUM	PREMIUM PAID UPTO WHAT PERIOD

LIC	855088501	28.08.2010	1.000	--	0.024	0.096

LIC	855108331	28.03.2013	0.100	--	0.009	0.019

LIC	855108329	28.03.2013	0.100	--	0.011	0.022

LIC	838199772	21.03.2012	0.150	--	0.007	0.015

JEWELLARY

PARTICULAR	QUANTITY	VALUATION

GOLD	--	0.700

CAPITAL INVESTED IN BUSINESS

NAME OF THE FIRM/ COMPANY	AMOUNT

--	1.129

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NETWORTH STATEMENT

MR. GAJENDRAKUMAR BHAGWANBHAI PATEL

DETAILS OF ASSETS

IMMOVABLE PROPERTY

ASSETS	OWN/ JOINT NAME	AREA	FREEHOLD OR LEASEHOLD	LOCATION/ ADDRESS	PURCHASE COST	PRESENT VALUE	WHETHER ENCUMBERED (GIVE DETAILS)

Commercial	Gajendrakumar Bhagwanbhai Patel	118.96 Sq. Mt.	Freehold	E/40, Krisha Industrial Estate, Olpad	0.036	1.500	--

MOVABLE PROPERTY

INSURANCE POLICIES

NAME OF COMPANY AND BRANCH	POLICY NO.	DATE OF ISSUE	SUM ASSURED	SURRENDER VALUE	ANNUAL PREMIUM	PREMIUM PAID UPTO WHAT PERIOD

LIC	851575749	28.01.2002	0.100	--	0.001	0.012

LIC	851575750	28.01.2002	0.100	--	0.001	0.012

LIC	852024591	28.06.2005	0.700	--	0.006	0.051

LIC	850609856	15.03.2000	0.100	--	0.001	0.012

TERM DEPOSTIS

TERM DEPOSIT RECEIPT NO.	BANK/ BRANCH NAME	TYPE	AMOUNT AND DATE OF RECEIPT	MATURITY DATE	MATURITY AMOUNT

--	Mehsana Urban	FDR	0.096	--	--

VEHILCES

TYPE OF VEHICLE	REGISTRATION NO.	MODEL	YEAR OF MAKE	COST AT TIME OF PURCHASE	RC BOOK DETAILS	PRESENT VALUE

Bike	GJ02AB2474	Splendor	2003	0.055	--	0.030

JEWELLARY

PARTICULAR	QUANTITY	VALUATION

GOLD	--	0.200

CAPITAL INVESTED IN BUSINESS

NAME OF THE FIRM/ COMPANY	AMOUNT

--	0.879

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NETWORTH STATEMENT

MR. KALPESH TULSIDAS PATEL

BANK A/C

BANK	BRANCH	S/B/ C/D A/C NO.	PRESENT BALANCE	LAST 6 MONTH AVG. BAL.

Mehsana Urban Bank	Radhanpur	SB-00161001001514	--	--

DETAILS OF ASSETS

IMMOVABLE PROPERTY

ASSETS	OWN/ JOINT NAME	AREA	FREEHOLD OR LEASEHOLD	LOCATION/ ADDRESS	PURCHASE COST	PRESENT VALUE	WHETHER ENCUMBERED (GIVE DETAILS)

Commercial	Own	172 Sq. Ft.	Freehold	F-7, Shree Complex, Mehsana, Gujarat, India	0.500	2.500	--

Others (Shop)	Own	180 Sq. Ft.	Freehold	F-23, Tirupati Market, Patan, Gujarat, India	0.700	2.200	--

MOVABLE PROPERTY

INSURANCE POLICIES

NAME OF COMPANY AND BRANCH	POLICY NO.	DATE OF ISSUE	SUM ASSURED	SURRENDER VALUE	ANNUAL PREMIUM	PREMIUM PAID UPTO WHAT PERIOD

LIC - Urja	850598028	28.01.1998	0.050	--	0.003	0.046

LIC – Urja	852024589	28.06.2005	0.700	--	0.006	0.057

LIC – Urja	850603537	28.01.1999	0.100	--	0.001	0.015

LIC - Urja	851565362	28.08.2000	0.200	--	0.002	0.025

JEWELLARY

PARTICULAR	QUANTITY	VALUATION

GOLD	--	0.150

CAPITAL INVESTED IN BUSINESS

NAME OF THE FIRM/ COMPANY	AMOUNT

--	0.993

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NETWORTH STATEMENT

MR. JAYAMIN GUNVATBHAI PATEL

BANK A/C

BANK	BRANCH	S/B/ C/D A/C NO.	PRESENT BALANCE	LAST 6 MONTH AVG. BAL.

SBI	Bareja	81033184569	--	--

DETAILS OF ASSETS

IMMOVABLE PROPERTY

ASSETS	OWN/ JOINT NAME	AREA	FREEHOLD OR LEASEHOLD	LOCATION/ ADDRESS	PURCHASE COST	PRESENT VALUE	WHETHER ENCUMBERED (GIVE DETAILS)

Residential	Jayamin Gunvatbhai Patel	209 Sq. Mtr.	--	5, Raviraj, Bareja, Ahmedabad	1.400	2.000	Home Loan

MOVABLE PROPERTY

JEWELLARY

PARTICULAR	QUANTITY	VALUATION

GOLD	--	0.100

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NETWORTH STATEMENT

MR. JAYAMIN GUNVATBHAI PATEL

BANK A/C

BANK	BRANCH	S/B/ C/D A/C NO.	PRESENT BALANCE	LAST 6 MONTH AVG. BAL.

HDFC Bank	Ahram Road	-	--	--

DETAILS OF ASSETS

MOVABLE PROPERTY

JEWELLARY

PARTICULAR	QUANTITY	VALUATION

Gold	--	0.300

Silver	--	0.050

CAPITAL INVESTED IN BUSINESS

NAME OF THE FIRM/ COMPANY	AMOUNT

--	0.804

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PROFILE

Subject is a new established Partnership Firm. The firm comprising of six Partners whose name mentioned here below:

1. Mr. Kalpesh Tulsidas Patel

2. Mr. Gajendrakumar Bhagwanbhai Patel

3. Mr. Dharmendrakumar Babula Patel

4. Mr. Bharatbhai Baldevbhai Patel

5. Mr. Jayamin Gunvatbhai Patel

6. Mrs. Ramaben Nileshkumar Prajapati

All the Partners having experience of 10 years to 15 years of Trading and Manufacturing business. All the Partners are belonging to the business family and are well trained and they will also support the partners to establish business. All the Partners are from business community people with vast experience of business.

Subject is a registered Partnership Firm incorporated on dated 01/10/2014. Subject registered office is situated at Plot No.152, Road No.5, G.I.D.C., Kathwada, Ahmedabad, Subject is proposing to engage in multi colour offset printing, manufacturing of cartoons and allied printing business. The Products it manufactures have high marketability and demand not only in Gujarat but also in the National market. The product pass through a stringent quality test before dispatched. The firm will be equipped with in - house products design and manufacturing departments.

LOCATION AND MARKET PLANS

Subject is proposing to engage in multi-colour offset printing, manufacturing of cartoons and allied printing business as per the specification of the customers. They can also say that Factory is located a prime location of Ahmedabad i.e. in Kathwada GIDC where they can easily achieved the targeted turnover. All the Raw Material will be bought from Ahmedabad.

The promoters of the unit are enthusiastic and dynamic person capable of handling all day to day operations of the unit, who is a long experience in the same line. They are perfect thinking and skills of trading have proved to be the most effective parameter in the rapid progress of this unit. They are well versed with all the aspects of trade and industry both in domestic market. The unit will share the advantage of this rich experience, Technical expertise and wide contacts.

The experience acquired over the years by the promoter in conceptual, technical, financial and managerial skills in various industries has equipped the company with the competence to estimate the project and profitability projections in the offer documents.

PRODUCT

The unit is in the multi-colour offset printing industry. At present this kind of technology is available with few offset printing units that have continuous requirement of printing works. With this technology firm will become one of the unit which have fully automatic four colour printing unit. There are many industries like pharma, garments, Real Estates, etc. that require their printing designs in multi-colour printing works with quality on basis. Due to this machine firm will fulfill their need and new era of clients will join to them. Subject using multi-colour offset printing machine.

Compared to other printing methods, offset printing is best suited for cost-effectively producing large volumes of high quality prints in an economically sound manner that requires little maintenance. Offset lithography is one of the most common ways of creating printed matter. A few of its common applications include: newspapers, magazines, brochures, stationery, and books.

Since there are very good demands in the market because every industries are based on printing production. Due to this machine firm will fulfill their need and new era of clients will join to them.

INFRASTRUCTURE

Infrastructure facilities are the lifeline of a business. lt is of paramount importance to have good infrastructural facilities if a business has to develop. The basic amenities and their importance cannot be ignored at all. The importance of good infrastructure and the extent of positive impact it has on the business are unmatchable. Good infrastructure hence becomes a pre - requisite for any successful unit.

LAND AND BUILDING

Firm has already hired industrial Shed at Plot No.152, Road No.5, G.l.D.C., Kathwada, Ahmedabad on long term lease basis for eight years. The location is connected with other areas of Ahmedabad and all facilities of manpower, transportation and communication are readily and easily available.

PLANT AND MACHINERY

The unit has place the order for purchase of Multi colour offset machine (ULTRA MAN G Vl + COATER MACHINE.) along with necessary subsidiary machineries like Paper Cutting Machine, Plate Making Machine, Air Condition Plant etc.

POWER

The unit is having power connection which is sufficient to take of the power requirement of the new machine proposed to be acquired.

WATER

The unit is having water connection.

LABOUR

The unit require staff of skilled and semi-skilled workers of 9 persons and office staff of 2 persons, who are easily available from the surrounding areas.

TRANSPORT

The location is connected with all areas of Ahmedabad and transportation and communication are readily and easily available.

SISTER CONCERN

Honey Offset a partnership firm which was established on 16-02-1.999 which is engaged in the business of printing. The firm is having turnover of Rs.4.572 Million in the financial year 2013-2014 and one of the partner of the firm Mr. Dharmendra Babulal Patel is also a working in Million. Their partnership firm will get a benefit of the experience of Mr. Dharmendra Babulal patel. Looking at the hard work and entrepreneur qualities of the Partners and their varied exposure and experience the unit will in all probability to run with success. The experience and the goodwill amongst business community shall be an added advantage to the unit. The success of the unit can thus be anticipated with surety.

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TRADE REFERENCE

· Inkwalas Print Teck Private Limited

Address: A/4/204, Iskon Flower, Ghuma, Ahmedabad, Gujarat, India

· Labh Enterprise

Address: Gheeta Mandir, Ahmedabad, Gujarat, India

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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. 63.58
UK Pound	1	Rs. 97.99
Euro	1	Rs. 70.53

INFORMATION DETAILS

Information Gathered by :	PPT

Analysis Done by :	DIV

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