MIRA INFORM REPORT

Report No. :	494229
Report Date :	16.04.2018

IDENTIFICATION DETAILS

Name :	GOPINATH MEDICAL CORPORATION
Registered Office :	No. 4453/A, First Floor, Vikas Estate, Opposite Old Aslali Police Station, Aslali, Ahmedabad - 382427, Gujarat
Tel. No.:	91-79-27605662
Country :	India
Financials (as on) :	31.03.2017
Date of Establishment :	23.09.2016
Capital Investment :	INR 1.415 Million
IEC No.: [Import-Export Code No.]	Not Applicable [As informed by the management that firm does not have export and import]
TIN No.:	Not Divulged
GSTN : [Goods & Service Tax Registration No.]	24AALPP3780D1ZO
PAN No.: [Permanent Account No.]	AALPP3780D
Legal Form :	Sole Proprietary Concern
Line of Business :	Trader of Veterinary Medicine. [Confirmed by Management]
No. of Employees :	10 [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

Maximum Credit Limit :	USD 4000
Status :	Satisfactory
Payment Behaviour :	Slow but 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

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 31-03-2016.

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 16.04.2018.

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. Nilesh Patel
Designation :	Accountant
Contact No.:	91-9227868931
Date :	13.03.2018
Name :	Mr. Manish Patel
Designation :	Proprietor
Contact No.:	91-9033080643
Date :	13.03.2018

LOCATIONS

Registered Office :	No.4453/A, First Floor, Vikas Estate, Opposite Old Aslali Police Station, Aslali, Ahmedabad - 382427, Gujarat, India
Tel. No.:	91-79-27605662
Mobile No.:	91-9033080643 [Mr. Manish Patel] 91-9227868931 [Mr. Nilesh Patel]
Fax No.:	Not Available
E-Mail :	gopinathmedicalcorporation@gmail.com
Area:	650 Sq. Ft.
Location :	Owned
Locality:	Industrial [As per site visit]

SOLE PROPRIETOR

Name :	Mr. Manish Patel
Designation :	Proprietor
Address:	14,Khavadvala Society, Near Kanti Park, Ghatlodia, Ahmedabad, Gujarat, India
Date of Birth:	26.11.1975
Qualification:	D. Pharm
Experience:	21 Years
PAN No.:	AALPP3780D

KEY EXECUTIVES

Name :	Mr. Nilesh Patel
Designation :	Accountant

BUSINESS DETAILS

Line of Business :	Trader of Veterinary Medicine. [Confirmed by Management]
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	L/C, Advance Payment, Cheque, RTGS, NEFT and Credit [30/ 60 Days]
Purchasing :	L/C, Advance Payment, Cheque, RTGS, NEFT and Credit [30/ 60 Days]

GENERAL INFORMATION

Suppliers :

Reference:	Mahavir Agency
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

Customers :

Retailers and Wholesalers

Reference:	Gopi Distributors
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

No. of Employees :

10 [Approximately]

Bankers :

Bank Name:	The Bhagyodaya Co-Operative Bank Limited
Branch:	K K Nagar, Ghatlodiya, Ahmedabad - 380061, Gujarat, India
Person Name (with Designation):	--
Contact Number:	91-79-27600846
Name of Account Holder:	--
Account Number:	--
Account Since (Date/ Year of A/c Opening):	--
Average Balance Maintained (Optional):	--
Credit Facilities Enjoyed (CC/OD/Term Loan):	--
Account Operation:	--
Remarks:	Ringing

Facilities :

SECURED LOANS	31.03.2017 (INR In Million)
LONG-TERM BORROWINGS
The Bhagyoday Co-Op. Bank	1.162
Total	1.162

Auditors :
Name :	K.S. Joshi and Company Chartered Accountants
Address :	4,Shradha Apartment, Behind Navrangpura Police Station, Navrangpura, Ahmedabad-380009, Gujarat, India
Tel. No.:	91-79-26440165
Email:	ksjoshi.ca@gmail.com
Memberships :	Not Available
Collaborators :	Not Available
Sister Concerns :	· Gopinath Medical Agency Address: 14, Khavadvala Society, Near Kanti Park, Ghatlodia, Ahmedabad-380061, Gujarat, India Line of Business: Traders · Gopi Medical Agency Address: 42, Vikas Estate, Opposite Old Aslali Police Station, Aslali-382427, Gujarat, India Line of Business : Traders

CAPITAL STRUCTURE

AS ON 31.03.2017

Capital Investment :	INR in Million
Credit
Net Profit from PNL a/c	1.695
Addition for the year	0.410
Debit
Withdrawal during the year	0.690
	---------------
Total	1.415

FINANCIAL ANALYSIS

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2017
SHAREHOLDERS FUNDS
1] Capital Account		1.415
2] Reserves & Surplus		0.000
NETWORTH		1.415
LOAN FUNDS
1] Secured Loans		1.162
2] Unsecured Loans		1.545
TOTAL BORROWING		2.707
DEFERRED TAX LIABILITIES		0.000
TOTAL		4.122
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3.291
	Sundry Debtors	2.394
	Cash & Bank Balances	0.887
	Other Current Assets	0.000
	Loans & Advances	3.723
Total Current Assets		10.295
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	5.989
	Other Current Liabilities	0.184
	Provisions	0.000
Total Current Liabilities		6.173
Net Current Assets		2.760
MISCELLANEOUS EXPENSES		0.000
TOTAL		4.122

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2017
	SALES
		Sales	14.204
		Other Income	0.797
		TOTAL	15.001
Less	EXPENSES
		Cost of Goods Sold	12.617
		Administrative and Selling Expenses	0.656
		TOTAL	13.273
	PROFIT BEFORE INTEREST, DEPRECIATION AND AMORTISATION		1.728
	FINANCIAL EXPENSES		0.033
	PROFIT BEFORE DEPRECIATION AND AMORTISATION		1.695
Less	DEPRECIATION/ AMORTISATION		0.000
	NET PROFIT		1.695

PARTICULARS	31.03.2018
Sales Turnover (Approximately)	150.000
	[Due to More Government Orders received]

Expected Sales (2018-2019): INR 160.000 Million

The above information has been parted by Mr. Manisha Patel [Proprietor]

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017
Average Collection Days (Sundry Debtors / Income * 365 Days)	61.52
Account Receivables Turnover (Income / Sundry Debtors)	5.93
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	173.26
Inventory Turnover (Operating Income / Inventories)	0.53
Asset Turnover (Operating Income / Net Fixed Assets)	0.00

LEVERAGE RATIOS

PARTICULARS	31.03.2017
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.86
Debt Equity Ratio (Total Liability / Networth)	1.91
Current Liabilities to Networth (Current Liabilities / Net Worth)	5.45
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.00
Interest Coverage Ratio (PBIT / Financial Charges)	52.36

PROFITABILITY RATIOS

PARTICULARS		31.03.2017
Net Profit Margin ((PAT / Sales) * 100)	%	11.93
Return on Total Assets ((PAT / Total Assets) * 100)	%	16.46
Return on Investment (ROI) ((PAT / Networth) * 100)	%	119.79

SOLVENCY RATIOS

PARTICULARS	31.03.2017
Current Ratio (Current Assets / Current Liabilities)	1.33
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.91
G-Score Ratio Financial (Networth / Total Assets)	0.14
G-Score Ratio Debt (Debts / Equity Capital)	1.91
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.33

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	Yes
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)	No
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	Yes
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 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

OBSERVATION POINTS

Name of Company :	GOPINATH MEDICAL CORPORATION
Address :	No.4453/A, First Floor, Vikas Estate, Opposite Old Aslali Police Station, Aslali, Ahmedabad - 382427, Gujarat, India
Person to whom we met:	Mr. Shailesh [Godown Keeper]
Name Board :	Not Sighted
Location:	Easy
Landmark (If Any):	Old Aslali Police Station
Total Floors of the Building :	Shed Type premises
Subject situated on:	Shed Type premises
Locality:	Industrial
Area :	Neutral
No. of employees seen at premises:	3 [Approx.]
Visibility of Items:	· Telephone · Computers · Air Conditioner
Proof of visit:	Photos and Visiting Card

UNSECURED LOANS

PARTICULARS	31.03.2017 (INR In Million)
Gopi Medical Agency	0.045
Gopinath Medical Agency	1.500
Total	1.545

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 65.22
UK Pound	1	INR 92.77
Euro	1	INR 80.34

INFORMATION DETAILS

Information Gathered by :	SAV
Analysis Done by :	NYT
Report Prepared by :	ARC

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	YES
--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.