MIRA INFORM REPORT

Report No. :	323236
Report Date :	25.05.2015

IDENTIFICATION DETAILS

Name :	RSV RICE INDUSTRIES PRIVATE LIMITED
Registered Office :	Door No.19-807/1A, Hanumanpet, Miryalaguda - 508207, Nalgonda, Telangana
Tel. No.:	91-8689-242405
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	19.04.2013
Com. Reg. No.:	36-087107
Capital Investment / Paid-up Capital :	Rs. 2.100 Million
CIN No.: [Company Identification No.]	U15319TG2013PTC087107
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing of Rice.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Closed Down
Payment Behaviour :	---
Litigation :	---
Comments :	As confirmed by Mr. Srikar Ranga, Managing Director the subject company “RSV RICE INDUSTIES PRIVATE LIMITED” has closed down its business activities from April 2015. Further he also claimed that private limited company is now converted into partnership concern with the name of RSV RICE INDUSTRIES and started its business operations in partnership concern from April 2015. On account of closed down business operations in private limited company, the subject cannot be considered for business dealing.

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

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. Srikar Ranga
Designation :	Managing Director
Contact No.:	91-8689-242405
Date :	21.05.2015

LOCATIONS

Registered Office :	Door No.19-807/1A, Hanumanpet, Miryalaguda - 508207, Nalgonda, Telangana, India
Tel. No.:	91-8689-242405
Fax No.:	Not Available
E-Mail :	srikarranga@gmail.com rsvrice@gmail.com

DIRECTORS

As on: 18.10.2014

Name :

Mr. Ranjit Kumar Ranga

Designation :

Director

Address :

H. No-19-828/305, Nagarjuna Nagar, Miryalguda - 508207, Telengana, India

Date of Birth/Age :

05.07.1969

Date of Appointment :

19.04.2013

DIN No.:

01677051

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U15312TG1984PTC004414	MIRYALGUDA RICE INDUSTRIES PRIVATE LIMITED	Managing director	10/02/1997	10/02/1997	-	Active	NO
2	U01403TG2005PTC046340	SAMBASHIVA PARABOILED RICE MILLS PRIVATE LIMITED (PART IX)	Director	26/05/2005	26/05/2005	01/12/2007	Active	NO
3	U15319TG2013PTC087107	RSV RICE INDUSTRIES PRIVATE LIMITED	Director	19/04/2013	19/04/2013	-	Active	NO

Name :

Mr. Srikar Ranga

Designation :

Managing Director

Address :

6-104/5, R K Complex, MPP Office, Miryalguda-508207, Telangana, India

Date of Birth/Age :

14.06.1985

Date of Appointment :

19.04.2013

DIN No.:

02965183

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U15312TG1984PTC004414	MIRYALGUDA RICE INDUSTRIES PRIVATE LIMITED	Whole-time director	17/03/2010	17/03/2010	-	Active	NO
2	U01122TG2004PTC044875	SRIKAR RICE AND SOLVENT INDUSTRIES PRIVATE LIMITED	Managing director	20/03/2010	20/03/2010	-	Active	NO
3	U65992TG2010PTC069146	MIRYALGUDA CHITFUNDS PRIVATE LIMITED	Managing director	21/10/2011	25/06/2010	-	Active	NO
4	U15319TG2013PTC087107	RSV RICE INDUSTRIES PRIVATE LIMITED	Managing director	13/05/2013	19/04/2013	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 18.10.2014

Names of Shareholders	No. of Shares	Percentage
Srikar Ranga	30000	14.29
Ranjit Kumar Ranga	30000	14.29
Gouru Padma	40000	19.04
Gouru Chandra Shaker	40000	19.04
Maram Swathi	30000	14.29
Allu Vijay Bhaskar	40000	19.05
Total	210000	100.00

Equity Share Break up (Percentage of Total Equity)

As on: 18.10.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing of Rice.
Products :	Rice
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

Not Divulged

Bankers :

State Bank of India, Miryalaguda

Auditors :
Name :	Gouru Dayaker and Company Chartered Accountants
Address :	19-463, Aravinda Nilayam, Reddy Colony, Miryalguda-508207, Telangana, India
PAN N Income-tax PAN of auditor or auditor's firm :	AASPG1894Q
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 18.10.2014

Authorized Capital:

No. of Shares	Type	Value	Amount
250,000	Equity Shares	Rs.10/- each	Rs. 2.500 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
210,000	Equity Shares	Rs.10/- each	Rs. 2.100 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	2.100
(b) Reserves & Surplus	0.001
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	2.101
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	0.000
(c) Other current liabilities	0.006
(d) Short-term provisions	0.000
Total Current Liabilities (4)	0.006
TOTAL	2.107
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.948
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	1.948
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.000
(d) Cash and cash equivalents	0.159
(e) Short-term loans and advances	0.000
(f) Other current assets	0.000
Total Current Assets	0.159
TOTAL	2.107

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014
	SALES
		Gross Receipts	0.090
		Other Income	NA
		TOTAL	NA
Less	EXPENSES		NA
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		0.001
Less	FINANCIAL EXPENSES		0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.001
Less/ Add	DEPRECIATION/ AMORTISATION		0.000
	PROFIT BEFORE TAX		0.001
Less	TAX		0.000
	PROFIT AFTER TAX		0.001
	Earnings Per Share (Rs.)		0.00

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	19.04.2013 TO 31.03.2014
Current Maturities of Long term debt	NA
Cash generated from operations	NA

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT / Sales)	(%)	1.11
Operating Profit Margin (PBIDT/Sales)	(%)	1.11
Return on Total Assets (PBT/Total Assets}	(%)	0.05
Return on Investment (ROI) (PBT/Networth)		0.00
Debt Equity Ratio (Total Debt /Networth)		0.00
Current Ratio (Current Asset/Current Liability)		26.50

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	No
6	Contact numbers	No
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	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	--
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last one years	Yes
27	Reasons for variation <> 20%	No
28	Estimation for coming financial year	No
29	Profitability for last one year	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	No
33	Market information	No
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CAHREGS: NO CHARGES EXIST FOR COMPANY

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 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.63.57
UK Pound	1	Rs.99.67
Euro	1	Rs.70.93

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	KSP
Report Prepared by :	MTN

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.