MIRA INFORM REPORT

Report No. :	349222
Report Date :	14.11.2015

IDENTIFICATION DETAILS

Name :	STRYKAR OVERSEAS LLP
Registered Office :	1/A, Aditya Bunglows, Near Utsav Row House, Thaltej, Ahmedabad – 380054, Gujarat
Mobile No.:	91-9924987800 (Mr. Hiren Mandaliya)
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	23.05.2014
Total Obligation of Contribution:	Rs. 0.500 Million
LLPIN :	AAC-3215
IEC No.:	0814006485
TIN No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	ACOFS4795C
Legal Form :	Limited Liability Partnership
Line of Business :	Trader and Exporter of raw cotton.
No. of Employees :	7 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a limited liability partnership concern established on 23rd March 2014, having moderate track. For the year 2015, the company has achieved adequate sales turnover marked by average profitability margin. However, the company has small capital base marked by low cash accruals. Trade relations are fair. Business is active. Payments are slow but correct. The concern can be considered for business dealings with some 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 – 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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Hiren Mandaliya
Designation :	Accountant
Contact No.:	91-9924987800
Date :	13.11.2015

LOCATIONS

Registered Office :	1/A, Aditya Bunglows, Near Utsav Row House, Thaltej, Ahmedabad – 380054, Gujarat, India
Tel. No.:	Not Available
Mobile No.:	91-9924987800 (Mr. Hiren Mandaliya)
Fax No.:	Not Available
E-Mail :	rushinparikh@gmail.com accounts@gujaratcotton.net
Website :	www.gujaratcotton.net
Warehouse 2 :	1-Girishkunj Society, Opposite Shriji Palace, Near Navrang School, Naranpura, Ahmedabad – 380013, Gujarat, India

PARTNERS

AS ON 31.03.2015

Name :	Mr. Arjunbhai Arvindbhai Patel
Designation :	Designated Partner
Address :	C/402, Abhiyaan Appartment, Near Devkinandan Derasar, B/H St. Xaviers Loyola School, Naranpura, Ahmedabad, 380013, Gujarat, India
Date of Appointment :	23.05.2014
DPIN No.:	06861048
Name :	Rushin Maheshkumar Parikh
Designation :	Designated Partner
Address :	1-A, Aditya Bunglows, Opposite Goyal Intercity,, Sal Hospital Road, Thaltej, Ahmedabad, 380054, Gujarat, India
Date of Appointment :	23.05.2014
DPIN No.:	06861070

KEY EXECUTIVES

Name :	Mr. Hiren Mandaliya
Designation :	Accountant

CONTRIBUTION DETAILS

Names of Partners	Rs. In Million	%age holding
Vijay Arvindbhai Patel	0.125	25.00
Arjunbhai Arvindbhai Patel	0.100	20.00
Rushin Maheshkumar Parikh	0.150	30.00
Rajnikant Kanubhai Patel	0.125	25.00
Total	0.500	100.00

BUSINESS DETAILS

Line of Business :	Trader and Exporter of raw cotton.
Products :	Raw cotton
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Finished Goods
Countries :	Bangladesh Vietnam
Imports :	Not Divulged
Terms :
Selling :	L/C and Credit
Purchasing :	L/C and Credit

GENERAL INFORMATION

Suppliers :

Dhruv Cotfab Private Limited, Mehsana, Gujarat, India

Reference :	Vaibhav Laxmi Industries, Mehsana, Gujarat, India
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 :

Manufacturer

Reference :	DUC Quan Investment and Development Joint Stock Company Vietnam
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 :

7 (Approximately)

Bankers :

Banker Name	The Kalupur Commercial Co-Operative Bank Limited
Branch Address	Kalupur Bhava, Near Income tax Circle, Ashram Road, Ahmedabad – 380014, Gujarat, India
Person Name (With Designation)	Not Divulged
Contact Number	91-79-27582020
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)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Banker Non-Co-Operative

Auditors :
Name :	Anjana G Khant Chartered Accountant
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern :	Gujarat Cotton Corporation

CAPITAL STRUCTURE

Total Obligation of Contribution

Rs. 0.500 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015
I.              EQUITY AND LIABILITIES
Partners’ Capital
(a) Partners Fix Capital Accounts	0.500
(b) Partners Floating Capital Accounts	0.947
(c) Reserves & Surplus	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	1.447
(3) Non-Current Liabilities
(a) long-term borrowings	4.327
(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)	4.327
(4) Current Liabilities
(a) Short term borrowings	2.985
(b) Trade payables	0.000
(c) Other current liabilities	0.069
(d) Short-term provisions	0.041
Total Current Liabilities (4)	3.095
TOTAL	8.869
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(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	0.000
(2) Current assets
(a) Current investments	0.204
(b) Inventories	0.654
(c) Trade receivables	6.377
(d) Cash and cash equivalents	0.050
(e) Short-term loans and advances	1.584
(f) Other current assets	0.000
Total Current Assets	8.869
TOTAL	8.869

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015
	SALES
	Income	59.266
	Direct Income	0.581
	Indirect Income	1.107
	TOTAL	60.954
Less	EXPENSES
	Purchases	55.066
	Direct Expenses	1.338
	Indirect Expenses	3.293
	Partners Remuneration	0.450
	Partner Capital Inters	0.060
	Closing Stock	(0.654)
	TOTAL	59.553
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	1.401
Less	FINANCIAL EXPENSES	0.564
	PROFIT/ (LOSS) BEFORE TAX	0.837
Less	TAX	0.000
	PROFIT/ (LOSS) AFTER TAX	0.837

The above information has been parted by Mr. Hiren Mandaliya

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

KEY RATIOS

PARTICULARS		31.03.2015
Net Profit Margin (PAT / Sales)	(%)	1.41
Operating Profit Margin (PBIDT/Sales)	(%)	2.36
Return on Total Assets (PBT/Total Assets}	(%)	9.44
Return on Investment (ROI) (PBT/Networth)		0.58
Debt Equity Ratio (Total Debt /Networth)		5.05
Current Ratio (Current Asset/Current Liability)		2.87

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	--
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	No
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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
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 one year	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last one year	No
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

INDEX OF CHARGES: 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 records 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.66.14
UK Pound	1	Rs.100.55
Euro	1	Rs.71.26

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	AMR
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		27

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.