MIRA INFORM REPORT

Report No. :	502778
Report Date :	12.04.2018

IDENTIFICATION DETAILS

Name :	ELECTRONIC SERVICES POINT
Registered Office :	2-1-485/486, Street No.7, Flat No. 401, 4th Floor, ASMR Residency, Nallakunta, Hyderabad – 500044, Telangana
Tel. No.:	91-40-27630187/ 27630483
Country :	India
Financials (as on) :	31.03.2017
Year of Establishment:	1993
Capital Investment / Paid-up Capital :	INR 14.478 Million
CST/ TIN No.:	36660128180
IEC No.: [Import-Export Code No.]	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	ACIPM2069H
GSTN : [Goods & Service Tax Registration No.]	36ACIPM2069H1ZH
Legal Form :	Sole Proprietary Concern
Line of Business :	Distributor and Service Provider of LCD Projectors, Lighting Systems, Bose Audio, CCTV Camera, IP Camera. (From Indirect Source)
No. of Employees :	Information declined by the management

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

Maximum Credit Limit :	USD 41400 (In INR 2705717.70)
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear

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 (30.09.2017)	Current Rating (31.12.2017)
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 12.04.2018

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 DENIED BY

Name :	Mr. Ragunathan Muthukani
Designation :	Proprietor
Contact No.:	91-9849456223
Date :	11.04.2018

LOCATIONS

Registered Office :	2-1-485/486, Street No.7, Flat No. 401, 4th Floor, ASMR Residency, Nallakunta, Hyderabad – 500044, Telangana, India
Tel. No.:	91-40-27630187/ 27630483 91-40-27630197 (Service)
Mobile No.:	91-9849456223 (Mr. Ragunathan Muthukani)
Fax No.:	91-40-27642322
E-Mail :	info@esphyd.com service@esphyd.com sales@esphyd.com
Website :	www.esphyd.com
Head Office :	ASMR Residency, 2-1-484/486/, New MCH 300, Street 7, New Nallakunta, Hyderabad - 500 044, Telangana, India
Branch Office :	Marathahalli, Bangalore, Karnataka, India

SOLE PROPRIETOR

Name :	Mr. Ragunathan Muthukani
Designation :	Proprietor
PAN No.:	ACIPM2069H

BUSINESS DETAILS

Line of Business :	Distributor and Service Provider of LCD Projectors, Lighting Systems, Bose Audio, CCTV Camera, IP Camera. (From Indirect Source)
Products/ Services :	LCD Projectors Lighting Systems Bose Audio CCTV Camera IP Camera
Brand Names :	Not Available
Agencies Held :	“Panasonic”
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

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 :

Information declined by the management

Bankers :

Bank Name	Corporation Bank
Branch	Not Divulged
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 :	M. Rama Krishna Chartered Accountant
Address :	Hyderabad, Telangana, India
M.No.:	207169
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern:	Not Divulged

CAPITAL STRUCTURE

As on 31.03.2017

Capital Investment :
Owned :	INR 14.478 Million
Borrowed :	--
Total :	INR 14.478 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2017
SHAREHOLDERS FUNDS
1] Proprietor’s Capital		14.478
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		14.478
LOAN FUNDS
1] Secured Loans		1.667
2] Unsecured Loans		1.400
3] Corporation Bank OD		7.263
TOTAL BORROWING		10.330
DEFERRED TAX LIABILITIES		0.000
TOTAL		24.808
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		13.975
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3.045
	Sundry Debtors	12.184
	Cash & Bank Balances	0.071
	Other Current Assets	0.000
	Loans, Advances and Deposits	0.560
Total Current Assets		15.860
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	4.861
	Other Current Liabilities and Provisions	0.166
Total Current Liabilities		5.027
Net Current Assets		10.833
MISCELLANEOUS EXPENSES		0.000
TOTAL		24.808

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017
	SALES
	Income	58.007
	Other Income	0.706
	TOTAL	58.713
Less	EXPENSES
	Cost of Goods Sold	30.130
	Consumables	18.562
	Salaries and Wages	2.216
	General Expenses	0.782
	Local Conveyance	0.026
	Petrol Expenses	0.296
	Rates and Taxes	0.042
	CST Paid	0.412
	Travelling Expenses	0.317
	Legal Expenses	0.025
	Repairs and Maintenance	0.193
	Insurance	0.151
	Sales Tax Paid	1.341
	Staff Welfare	0.186
	Vehicle Repairs	0.085
	Telephone Charges	0.162
	Transport Charges	0.204
	ESI Paid	0.065
	Electricity Charges	0.099
	Business Promotion Expenses	0.267
	Printing and Stationery	0.012
	Postage and Courier Charges	0.018
	Advertisement	0.017
	Professional Fee	0.010
	Audit Fee	0.025
	Consultation Fee	0.015
	TOTAL	55.658
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	3.055
Less	FINANCIAL EXPENSES	0.988
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	2.067
Less/ Add	DEPRECIATION/ AMORTISATION	0.384
	NET PROFIT/ (LOSS) FOR THE YEAR	1.683

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

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017
Average Collection Days (Sundry Debtors / Income * 365 Days)	76.67
Account Receivables Turnover ( Income / Sundry Debtors)	4.76
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	58.89
Inventory Turnover (Operating Income / Inventories)	1.00
Asset Turnover (Operating Income / Net Fixed Assets)	0.22

LEVERAGE RATIOS

PARTICULARS	31.03.2017
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.51
Debt Equity Ratio (Total Liability / Networth)	0.71
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.44
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.97
Interest Coverage Ratio (PBIT / Financial Charges)	3.09

PROFITABILITY RATIOS

PARTICULARS		31.03.2017
Net Profit Margin [(PAT / Sales) * 100]	%	2.90
Return on Total Assets ((PAT / Total Assets) * 100)	%	5.64
Return on Investment (ROI) ((PAT / Networth) * 100)	%	11.62

SOLVENCY RATIOS

PARTICULARS	31.03.2017
Current Ratio (Current Assets / Current Liabilities)	2.47
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.99
G-Score Ratio Financial (Networth / Total Assets)	0.49
G-Score Ratio Debt (Debts / Equity Capital)	0.71
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	2.47

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	No
5	Buyer visit details	Yes
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	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)	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	Yes
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 one year	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
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	No
35	Negative Reporting by Auditors in the Annual Report	No

OBSERVATION POINTS

Name of Company :	ELECTRONIC SERVICES POINT
Address :	2-1-485/486, Street No.7, Flat No. 401, 4th Floor, ASMR Residency, Nallakunta, Hyderabad – 500044, Telangana, India
Person to whom we met :	Security Guard (Name not divulged)
Name Board :	Not Sighted
Location :	Easy
Landmark (If any) :	Near St. Patrick’s Degree College
Total floors of the building :	4 Floors
Subject situated on :	4th Floor
Locality:	Residential
Area :	Neutral
Proof of visit :	Photographs

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	INR
US Dollar	1	INR 65.12
UK Pound	1	INR 92.51
Euro	1	INR 80.58

INFORMATION DETAILS

Information Gathered by :	GYA
Analysis Done by :	PSD
Report Prepared by :	SUD

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.