MIRA INFORM REPORT

Report No. :	326946.2
Report Date :	29.10.2015

IDENTIFICATION DETAILS

Name :	GAUTAM TRADING CORPORATION
Registered Office :	26, Dipika Society, Bajwa Karodia Road, Bajwa, Vadodara – 391310, Gujarat
Tel. No.:	91-265-2232368
Country :	India
Financials (as on) :	31.03.2014
Year of Establishment :	2002
Capital Investment / Paid-up Capital :	Rs.3.593 Million (As on 31.03.2014)
IEC No.:	3412002691
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	ACFPM7338C
Legal Form :	Sole Proprietary Concern
Line of Business :	Trading and Importing of agro commodities.
No. of Employees :	1 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit:	USD 10300
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Gautam Trading Corporation was established in the year 2002 as a proprietorship concern. It is established concern having a satisfactory track record. Mr. Gautam Mehta, proprietor of the concern has provided information to us. Rating takes into account on concern satisfactory financial risk profile along with adequate capital of the concern. However, rating is constrained on minimal decline into its sales turnover in FY-15 from its previous FY-14 due to market fluctuations. Trade relations seems to be fair. Business is active. Payment terms are reported to be slow but correct. In view of aforesaid, 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

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. Gautam Mehta
Designation :	Proprietor
Contact No.:	91-9426317611
Date :	26.10.2015

LOCATIONS

Registered Office :	26, Dipika Society, Bajwa Karodia Road, Bajwa, Vadodara – 391310, Gujarat, India
Tel. No.:	91-265-2232368
Mobile No.:	91-9426317611 (Mr. Gautam Mehta)
Fax No.:	Not Available
E-Mail :	ggoco72@gmail.com

SOLE PROPRIETOR

Name :	Mr. Gautam Mehta
Designation :	Proprietor
Address:	26,Deepika Society, Bajwa Karodia Road, Bajwa, Vadodara - 391310, Gujarat, India

BUSINESS DETAILS

Line of Business :	Trading and Importing of agro commodities.
Products :	Agro Commodities
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Countries :	Madagascar
Imports :
Products :	Agro Commodities
Countries :	China Indonesia Tanzania Madagascar
Terms :
Selling :	Cheque/Online
Purchasing :	Cheque/Online

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 :

• Ray Trade link, Vadodara, Gujarat, India

Reference :	Kali Exports
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 :

1 (Approximately)

Bankers :

Bank Name	Kotak Mahindra Bank Limited
Branch	Alkapuri, Vadodara, Gujarat, India
Person Name (With Designation)	Not Divulged
Contact Number	91-2656620350 (Management non-cooperative)
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)	Not Divulged

Auditors :
Name :	Vinesh Mehta and Company Chartered Accountants
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

PROPRIETOR’S CAPITAL ACCOUNT

AS ON 31.03.2014

RE. IN MILLION

PARTICULARS	AMOUNT	PARTICULARS	AMOUNT
To Income Tax paid	0.090	By Opening Balance	2.070
To Withdrawal	0.075	By Medi-Cliam Received (Previous year)	0.004
To Medi-Claim premium	0.008	By profit from customer	1.692
To Balance b/d	3.593
Total	3.766		3.766

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

Particulars	31.03.2015
Sales Turnover (Approximately)	12.900
	(Due to market fluctuation )

Expected Sales (2015 - 2016): Rs. 100.000 Million

The above information has been parted by Mr. Gautam Mehta (Proprietor) (Due to increases in order capacity)

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

SOURCES OF FUNDS		31.03.2014
OWNED FUNDS
1] Proprietors Capital		3.593
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		3.593
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		3.593
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.052
Capital work-in-progress		0.000
INVESTMENT		1.825
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.562
	Sundry Debtors	1.112
	Cash & Bank Balances	0.055
	Other Current Assets	0.000
	Loans & Advances	0.240
Total Current Assets		2.969
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.691
	Other Current Liabilities	0.547
	Provisions	0.015
Total Current Liabilities		1.253
Net Current Assets		1.716
MISCELLANEOUS EXPENSES		0.000
TOTAL		3.593

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014
	SALES
	Income	16.574
	Other Income	0.066
	TOTAL	16.640
Less	EXPENSES
	Cost of Goods Sold	12.932
	Direct Expenses	1.631
	Bank and Processing Charges	0.022
	Foreign Travelling Expenses	0.261
	Kesar / Discount	0.003
	Postage and Courier	0.001
	Petrol and Vehicle Main. Expenses	0.022
	Tax Audit fees	0.005
	Misc. Office Expenses	0.005
	Professional Fees	0.027
	Repairs and maintenance expenses	0.019
	Bank and Other Interest	0.012
	Employees benefits expense	0.000
	Other expenses	0.000
	TOTAL	14.940
	PROFIT / (LOSS) BEFORE DEPRECIATION AND AMORTISATION	1.700
Less/ Add	DEPRECIATION/ AMORTISATION	0.008
	NET PROFIT/ (LOSS)	1.692

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT / Sales)	(%)	10.21
Return on Total Assets (PBT/Total Assets}	(%)	56.01
Return on Investment (ROI) (PBT/Networth)		0.47
Debt Equity Ratio (Total Debt /Networth)		0.00
Current Ratio (Current Asset/Current Liability)		2.37

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	No
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	No
18	Major suppliers	No
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	No
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	No
26	Turnover of firm for last two year	Yes
27	Reasons for variation <> 20%	Yes
28	Estimation for coming financial year	Yes
29	Profitability for last one year	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 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.65.04
UK Pound	1	Rs.99.58
Euro	1	Rs.71.75

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	KAS
Report Prepared by :	RKI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
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	5
--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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		42

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.