MIRA INFORM REPORT

Report No. :	502762
Report Date :	09.04.2018

IDENTIFICATION DETAILS

Name :	DIL EXIM LLP
Registered Office :	601, 6^th Floor, Embassy, Opposite Jubelly Baug, Javahar Road, Rajkot-360001, Gujarat
Tel. No.:	91-281-2222981
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	12.07.2016
LLPIN :	AAG-8954
Total Obligation of Contribution:	INR 50.000 Million
IEC No.: [Import-Export Code No.]	Not Divulged
TIN No.:	24090210232
GSTN : [Goods & Service Tax Registration No.]	24AAMFD5039L1Z7
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAMFD5039L
Legal Form :	Limited Liability Partnership
Line of Business :	Trading, buying, selling, distributing, supplying, importing and warehousing of all kind of edible oils, cereals, grains, fruits, vegetables, seeds other agro products. [Registered activity and also confirmed by management]
No. of Employees :	5 (Approximately)

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a limited liability partnership firm (LLP) established in the year 2016 and it is a trader and importer of edible oils and other agro products. As per financials of March 2017, the firm has registered healthy revenue from its operations and has reported average profit margin. Rating takes into consideration the firm’s healthy financial risk profile along with zero debt balance sheet and good liquidity position. However, rating strength is partially offset by limited track record of business operations. Payments seems to be slow but correct. In view of aforesaid, the firm can be considered for business dealings at 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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 31-03-2018.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 09.04.2018.

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

INFORMATION PARTED BY

Name :	Mr. Dileshkumar Laxmidas Pabari
Designation :	Designated Partner
Contact No.:	91-9824040577
Date :	07.04.2018

LOCATIONS

Registered Office / Warehouse :	601, 6^th Floor, Embassy, Opposite Jubelly Baug, Javahar Road, Rajkot-360001, Gujarat, India
Tel. No.:	91-281-2222981 to 2222983 / 2222956/57/58/59/60
Mobile No.:	91-9574000341 [Ms. Manisha] 91-9824040577 [Mr. Dileshkumar Laxmidas Pabari]
Fax No.:	91-281-2222983
E-Mail :	ricky@skumargroup.net dileximllp@gmail.com
Location :	Owned
Locality :	Commercial

PARTNERS

As on: 31.03.2017

Name :

Mr. Dileshkumar Laxmidas Pabari

Designation :

Designated Partner

Address :

"Alaukik" 4th Floor, Plot No. 1, Shreyas Society-2, Near Railway Crossing, Rajkot-360001, Gujarat, India

Date of Birth/Age :

03.09.1966

Date of Appointment :

12.07.2016

PAN No.:

ACVPP1753C

DPIN No.:

00648692

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U65910GJ1995PTC025590	S KUMAR ASSOCIATES PRIVATE LIMITED	25/04/1995	-
U51909GJ2014PTC079790	LEGACY IMPEX PRIVATE LIMITED	13/06/2014	-

Name :

Mr. Ricky Mukeshkumar Pabari

Designation :

Designated Partner

Address :

Alaukik, Street No. 2 Corner, Shreyas Society, Near Railway Crossing, Rajkot-360001, Gujarat, India

Date of Birth/Age :

16.02.1990

Date of Appointment :

12.07.2016

PAN No.:

APJPP7055A

DPIN No.:

06834179

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U65910GJ1995PTC025590	S KUMAR ASSOCIATES PRIVATE LIMITED	12/05/2014	-
U51909GJ2014PTC079790	LEGACY IMPEX PRIVATE LIMITED	13/06/2014	-
U51900GJ2015PTC083858	LEGACY COMMODITIES PRIVATE LIMITED	15/07/2015	-

OBLIGATION DETAILS

As On 2017

Total Obligation Fund	INR Million
Total contribution	INR 50.000 Million

BUSINESS DETAILS

Line of Business :	Trading, buying, selling, distributing, supplying, importing and warehousing of all kind of edible oils, cereals, grains, fruits, vegetables, seeds other agro products. [Registered activity and also confirmed by management]
Products :	Edible oils Cereals Grains Fruits Vegetables Seeds
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :
Products :	Edible oils Cereals Grains Fruits Vegetables Seeds
Countries :	China
Terms :
Selling :	Cash and Others (RTGS)
Purchasing :	Cash and Others (RTGS)

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

5 (Approximately)

Bankers :

Bank Name	Standard Chartered Bank
Branch	--
Person Name (With Designation)	--
Contact Number	--
Name of Account Holder	--
Account Number	--
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	--
Account Operation	--
Remarks (If any)	--

Auditors :
Name :	Vijay Popat and Associates Chartered Accountants
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As On 2017

Names of Persons	INR in Million
Ricky Mukeshkumar Pabari	0.500
Dileshkumar Laxmidas Pabari	49.500
Total	50.000

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2017
SHAREHOLDERS FUNDS
1] Partners contribution		50.000
2] Share Application Money		24.087
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		74.087
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		74.929
TOTAL BORROWING		74.929
DEFERRED TAX LIABILITIES		0.000
TOTAL		149.016
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.676
Capital work-in-progress		0.000
INVESTMENT		724.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	172.131
	Cash & Bank Balances	42.882
	Other Current Assets	0.000
	Loans & Advances	9.812
Total Current Assets		224.825
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	795.180
	Other Current Liabilities	5.900
	Provisions	0.405
Total Current Liabilities		801.485
Net Current Assets		(576.660)
MISCELLANEOUS EXPENSES		0.000
TOTAL		149.016

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017
	SALES
	Income	1814.923
	Other Income	53.132
	TOTAL	1868.055
Less	EXPENSES
	Purchases made for re-sale	1810.015
	Payment to auditors	0.018
	Insurance expenses	0.159
	Other expenses	32.822
	TOTAL	1843.014
	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	25.041
Less	FINANCIAL EXPENSES	4.618
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	20.423
Less	DEPRECIATION/ AMORTISATION	0.305
	PROFIT/ (LOSS) BEFORE TAX	20.118
Less	TAX	0.000
	PROFIT/ (LOSS) AFTER TAX	20.118

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017
Average Collection Days (Sundry Debtors / Income * 365)	34.62
Account Receivables Turnover (Income / Sunday Debtors)	10.54
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	160.35
Inventory Turnover (Operating Income / Inventories)	0.00
Asset Turnover (Operating Income / Net Fixed Assets)	14.94

LEVERAGE RATIOS

PARTICULARS	31.03.2017
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.92
Debt Equity Ratio (Total Liability / Networth)	1.01
Current Liabilities to Networth (Current Liabilities / Net Worth)	11.83
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.02
Interest Coverage Ratio (PBIT / Financial Charges)	5.42

PROFITABILITY RATIOS

PARTICULARS		31.03.2017
Net Profit Margin [(PAT / Sales) * 100]	%	1.11
Return on Total Assets ((PAT / Total Assets) * 100)	%	2.12
Return on Investment (ROI) ((PAT / Networth) * 100)	%	27.15

SOLVENCY RATIOS

PARTICULARS	31.03.2017
Current Ratio (Current Assets / Current Liabilities)	0.26
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.26
G-Score Ratio Financial (Networth / Total Assets)	0.08
G-Score Ratio Debt (Debts / Equity Capital)	1.50
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	0.26

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

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	Yes
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	Yes
11	Pan Card No. of Proprietor / Partners	Yes
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	No
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 about eight months	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last eight months	Yes
30	Major shareholders, if available	Yes
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 CAHREGS:

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Amount	Address
1	M05007661	100048749	STANDARD CHARTERED BANK	30/08/2016	11/09/2017	1701000000.0	Simaria Mention Kalawad Road, Rajkot-360005, Gujarat, India

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	INR
US Dollar	1	INR 64.99
UK Pound	1	INR 90.96
Euro	1	INR 79.51

INFORMATION DETAILS

Information Gathered by :	SHA
Analysis Done by :	VIV
Report Prepared by :	BHG

SCORE FACTORS

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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.