MIRA INFORM REPORT

Report No. :	502815
Report Date :	18.04.2018

IDENTIFICATION DETAILS

Name :	PACIFIC MARKETING (IND)
Registered Office :	293 A & B, 2^nd Floor, Orbit Mall, AB Road, Indore-452010, Madhya Pradesh
Tel No.:	91-731-4288065
Country :	India
Financials (as on) :	31.03.2017
Year of Establishment :	1998
Capital Investment :	INR 7.268 Million
IEC No.: [Import-Export Code No.]	Not Divulged
GSTN : [Goods & Service Tax Registration No.]	23AECPA1357G1Z7
TIN No.:	23720903076
PAN No.: [Permanent Account No.]	AECPA1357G
Legal Form :	Sole Proprietary Concern
Line of Business :	Distributor of Multimedia Projector, Smart Board, Audio/Video Conferencing, Writing & Display Board, Electronic Copy Board, White Chalk Board, Projection Screen and also Provide Projector on Rent and Ceiling Mounting of Projects. [From Indirect Sources]
No. of Employees :	Not Divulged

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 20700 [INR 1359917.55]
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

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 18.04.2018.

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 DECLINED BY

Name :	Mr. Gopal Agrawal
Designation :	Proprietor [Not Confirmed]
Contact No.:	91-9826037540
Date :	17.04.2018

MANAGEMENT NON-COOPERATIVE

[Contact No: 91-731-4288065/ 4041540]

LOCATIONS

Registered/ Corporate Office :	293 A & B, 2^nd Floor, Orbit Mall, AB Road, Indore-452010, Madhya Pradesh, India
Tel. No.:	91-731-4288065/ 4041540/ 4090540
Mobile No.:	91-9826037540 [Mr. Gopal Agrawal]
Fax No.:	91-731-4041540
E-Mail :	pacificprojectors@gmail.com
Website :	http://www.pacificprojectors.com
Area :	700 Sq. Ft. [As per site visit]
Locality :	Commercial [As per site visit]

SOLE PROPRIETOR

Name :	Mr. Gopal Agrawal
Designation :	Proprietor
Date of Birth/Age :	28.12.1973
PAN No:	AECPA1357G

BUSINESS DETAILS

Line of Business :	Distributor of Multimedia Projector, Smart Board, Audio/Video Conferencing, Writing & Display Board, Electronic Copy Board, White Chalk Board, Projection Screen and also Provide Projector on Rent and Ceiling Mounting of Projects. [From Indirect Sources]
Products/ Services :	· Multimedia Projector · Smart Board · Audio/Video Conferencing · Writing & Display Board · Electronic Copy Board · White/Chalk Board · Projection Screen
Brand Names :	Not Available
Agencies Held :	· Benq · Godrej · Panasonic · Denon · Casio · Polycom · LG · Smart · NEC, etc
Exports :	Not Divulged
Imports :	Not Divulged
Terms : [From Indirect Sources]
Selling :	Cash
Purchasing :	Cash

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

Customers :

· Devi Ahilya Vishwavidyalaya, Indore

· Firstsource Solutions Limited, Mumbai

· Prajapita Brahmakumari Ishwariya Vishvavidyalaya

· Cipla Limited, Pithampur

· Jabalpur Medical College, Jabalpur

· Medicaps Institute of Technology & Management, Indore

No. of Employees :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
Person Name (with Designation):	--
Contact Number:	--
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:	--

Auditors :
Name :	ATM and Associates Chartered Accountants
Memberships :	Not Divulged
Collaborators :	Not Divulged
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

AS ON 31.03.2017

Capital Investment :
Owned :	INR 7.268 Million
Borrowed :	---
Total :	INR 7.268 Million

FINANCIAL ANALYSIS

[all figures are in INR Million]

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

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2017
SHAREHOLDERS FUNDS
1] Capital Account		7.268
2] Reserves & Surplus		0.000
NETWORTH		7.268
LOAN FUNDS
1] Secured Loans		2.323
2] Unsecured Loans		3.725
TOTAL BORROWING		6.048
DEFERRED TAX LIABILITIES		0.000
TOTAL		13.316
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		7.137
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3.688
	Sundry Debtors	7.640
	Cash & Bank Balances	0.206
	Other Current Assets	0.000
	Loans & Advances	0.530
Total Current Assets		12.064
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	5.396
	Other Current Liabilities	0.489
	Provisions	0.000
Total Current Liabilities		5.885
Net Current Assets		6.179
MISCELLANEOUS EXPENSES		0.000
TOTAL		13.316

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2017
	SALES
		Sales	38.016
		Other Income	1.503
		TOTAL	39.519
Less	EXPENSES
		Cost of Goods Sold	32.647
		Transpotation Expenses	0.181
		Audit Fees	0.016
		Advertisement Expenses	0.083
		Bad Debt/ Pitty Off	0.068
		Building Repair and Maintanance	0.048
		Computer Repair and Maintanance	0.007
		Repair and Maintanance	0.021
		Conveyance	0.048
		CST Expenses	0.001
		Diwali Expenses	0.041
		Electricity Expenses	0.068
		Entry Tax	0.044
		Office Expenses	0.063
		Printing and Stationery	0.059
		Insurance	0.006
		Vehicle Running and Maintanance	0.106
		News Paper and Periodicals	0.001
		Professional Fees	0.030
		Postage and Courier	0.063
		Licance Fees	0.001
		Membership Fees	0.003
		Service and Instalation Expenses	0.153
		Sales Commission Expenses	0.847
		Salary Expenses	1.896
		Tender Expenses	0.015
		Shop Rent Expenses	0.078
		Staff Welfare	0.057
		Travelling Expenses	0.164
		Telephone and Mobile Expenses	0.147
		TOTAL	36.962
	PROFIT BEFORE INTEREST AND DEPRECIATION AND AMORTISATION		2.557
Less	FINANCIAL EXPENSES		0.651
	PROFIT BEFORE, DEPRECIATION AND AMORTISATION		1.906
Less/ Add	DEPRECIATION/ AMORTISATION		0.248
	NET PROFIT/ (LOSS)		1.658

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017
Average Collection Days (Sundry Debtors / Income * 365 Days)	73.35
Account Receivables Turnover (Income / Sundry Debtors)	4.98
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	60.33
Inventory Turnover (Operating Income / Inventories)	0.69
Asset Turnover (Operating Income / Net Fixed Assets)	0.36

LEVERAGE RATIOS

PARTICULARS	31.03.2017
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.62
Debt Equity Ratio (Total Liability / Networth)	0.83
Current Liabilities to Networth (Current Liabilities / Net Worth)	1.32
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.98
Interest Coverage Ratio (PBIT / Financial Charges)	3.93

PROFITABILITY RATIOS

PARTICULARS		31.03.2017
Net Profit Margin ((PAT / Sales) * 100)	%	4.36
Return on Total Assets ((PAT / Total Assets) * 100)	%	8.63
Return on Investment (ROI) ((PAT / Networth) * 100)	%	22.81

SOLVENCY RATIOS

PARTICULARS	31.03.2017
Current Ratio (Current Assets / Current Liabilities)	1.26
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.87
G-Score Ratio Financial (Networth / Total Assets)	0.38
G-Score Ratio Debt (Debts / Equity Capital)	0.83
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.26

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 [As per site visit]	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	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	Yes
20	Banking Details	No
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	Yes
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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

OBSERVATION POINTS

SITE VISIT 1:

Name of Company :	PACIFIC MARKETING (IND)
Address :	A-2 Zone I, Chetak Centre, 205, R N T Marg, M P Nagar Indore-452001, Madhya Pradesh, India
Name Board :	Not Sighted
Location:	Easy
Landmark (If Any):	R.N.T. Marg, Shreemaya Hotel
Total Floors of the Building :	7 Floors
Locality:	Commercial
Area :	Upmarket
Neighbours Interview :	Our executive enquired with the neighbours but they are also not aware about the subject.
Proof of visit:	Photos

SITE VISIT 2:

Name of Company :	PACIFIC MARKETING (IND)
Address :	293 A & B, 2^nd Floor, Orbit Mall, AB Road, Indore-452010, Madhya Pradesh, India
Name Board :	Sighted
Location:	Easy
Landmark (If Any):	AB Road
Total Floors of the Building :	5 Floors
Subject situated on:	2^nd Floor
Locality:	Commercial
Area of Premises :	700 Sq. Ft.
Area :	Upmarket
Visibility of Items:	· Telephone · Fax Machine · Computers · Air Conditioner · Office Equipment
Proof of visit:	Photos

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	INR 65.61
UK Pound	1	INR 94.21
Euro	1	INR 81.32

INFORMATION DETAILS

Information Gathered by :	SAV
Analysis Done by :	DIV
Report Prepared by :	IND

SCORE FACTORS

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	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.