MIRA INFORM REPORT

Report No. :	504076
Report Date :	20.04.2018

IDENTIFICATION DETAILS

Name :	KEELAMBI AGRI TOOLS
Registered Office :	Nehru Road, 2nd Cross, Garden Area, Shivamogha - 577201, Karnataka
Tel. No.:	91-8182-401808
Country :	India
Financials (as on) :	31.03.2017
Year of Establishment :	2013
Capital Investment :	INR 3.382 Million
IEC No.: [Import-Export Code No.]	Not Divulged
TIN No.:	29751168207
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
PAN No.: [Permanent Account No.]	AMXPR3756P
Legal Form :	Sole Proprietary Concern
Line of Business :	Providing Agriculture Equipment, Solar Water Heater and Solar Lighting Services. [Confirmed by Management]
No. of Employees :	03 (Approx.) [As per Site Visit]

RATING & COMMENTS

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

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Maximum Credit Limit :	USD 9660 (INR 639926.70)
Status :	Moderate
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 20.04.2018

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

91-8182-401808/ 91-8861833797/ 8861833888 – Ringing

LOCATIONS

Registered Office :	Nehru Road, 2nd Cross, Garden Area, Shivamogha - 577201, Karnataka, India
Tel. No.:	91-8182-401808
Mobile No.:	91-8861833888 (Mr. Rajesh K.)
Fax No.:	Not Available
E-Mail :	je.keelambi@gmail.com
Area :	400 Sq. ft. [As per Site Visit]
Locality :	Commercial [As per Site Visit]

SOLE PROPRIETOR

Name :	Mr. Rajesh K.
Designation :	Proprietor

BUSINESS DETAILS

Line of Business :	Providing Agriculture Equipment, Solar Water Heater and Solar Lighting Services. [Confirmed by Management]
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

GENERAL INFORMATION

Suppliers :

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

· Nataraja Finance

· Aishwarya Trading Co

· Dynamic Marketing

Customers :

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

· Idea Infinity Solutions

· R Tech Agri Equipments

· S G R Enterprises

· Tascon Foundation

· Bhumika Agencies

· H R Agro Tools

No. of Employees :

03 (Approx.) [As per Site Visit]

Bankers :

Bank Name:	Not Divulged
Branch:	--
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:	--

· Karnataka Bank

· State Bank of India

Facilities :

SECURED LOANS	31.03.2017 (INR In Million)	31.03.2016 (INR In Million)
Sri Sharada Vividoddesha Loan	0.025	0.000
Total	0.025	0.000

Auditors :
Name :	Mr. Ramachandra K. Chartered Accountant
Address :	2^nd Floor, Sona Commercial Complex, Kuvempu Road, S.M. Circle, Shivamogha, Mangalore, Karnataka, India
Memberships :	Not Divulged
Collaborators :	Not Divulged
Sister Concern :	Not Divulged

CAPITAL STRUCTURE

AS ON 31.03.2017

Proprietor Capital Account	Amount in Million
Opening Balance	4.674
Add: Salary from Idea Infinity	0.298
Interest on KB SB BNG	0.003
LIC Refund	0.078
Net Profit	0.241
Total	5.294
Less: Drawings	1.802
LP Paid	0.051
Income Tax Paid 2015-16	0.015
Tution Fee	0.018
Donation Paid	0.026
Total	1.912
	--------------------
TOTAL	3.382

FINANCIAL DATA

[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	31.03.2016
SHAREHOLDERS FUNDS
1] Capital Account		3.382	4.674
2] Reserves & Surplus		0.000	0.000
NETWORTH		3.382	4.674
LOAN FUNDS
1] Secured Loans		0.025	0.000
2] Unsecured Loans		0.000	0.000
TOTAL BORROWING		0.025	0.000
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		3.407	4.674
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.434	0.359
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.983	0.473
	Sundry Debtors	0.785	3.658
	Cash & Bank Balances	0.196	0.140
	Other Current Assets	0.000	0.000
	Loans & Advances	0.549	0.561
Total Current Assets		3.513	4.832
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.490	0.482
	Other Current Liabilities	0.000	0.000
	Provisions	0.050	0.035
Total Current Liabilities		0.540	0.517
Net Current Assets		2.973	4.315
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		3.407	4.674

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2017	31.03.2016
	SALES
		Revenue from Operations	6.832	4.775
		Other Income	0.710	0.979
		TOTAL	7.542	5.754
Less	EXPENSES
		Cost of Goods sold	5.663	3.934
		Direct Expenses	0.006	0.036
		Administrative and Selling Expenses	1.572	1.506
		TOTAL	7.241	5.476
	PROFIT BEFORE INTEREST AND DEPRECIATION AND AMORTISATION		0.301	0.278
Less	FINANCIAL EXPENSES		0.004	0.002
	PROFIT BEFORE DEPRECIATION AND AMORTISATION		0.297	0.276
Less/ Add	DEPRECIATION/ AMORTISATION		0.056	0.047
	PROFIT		0.241	0.229

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016
Average Collection Days (Sundry Debtors / Income * 365 Days)	41.94	279.62
Account Receivables Turnover (Income / Sundry Debtors)	8.70	1.31
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	31.58	44.72
Inventory Turnover (Operating Income / Inventories)	0.15	0.59
Asset Turnover (Operating Income / Net Fixed Assets)	0.69	0.77

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.14	0.10
Debt Equity Ratio (Total Liability / Networth)	0.01	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.16	0.11
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.13	0.08
Interest Coverage Ratio (PBIT / Financial Charges)	75.25	139.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016
Net Profit Margin ((PAT / Sales) * 100)	%	3.53	4.80
Return on Total Assets ((PAT / Total Assets) * 100)	%	6.11	4.41
Return on Investment (ROI) ((PAT / Networth) * 100)	%	7.13	4.90

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016
Current Ratio (Current Assets / Current Liabilities)	6.51	9.35
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	2.83	8.43
G-Score Ratio Financial (Networth / Total Assets)	0.86	0.90
G-Score Ratio Debt (Debts / Equity Capital)	0.01	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	6.51	9.35

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

FINANCIAL ANALYSIS

[all figures are in INR Million]

DEBT EQUITY RATIO

Particular	31.03.2016	31.03.2017
	INR In Million	INR In Million
Capital Account	4.674	3.382
Reserves & Surplus	0.000	0.000
Net worth	4.674	3.382
Secured Loans	0.000	0.025
Unsecured Loans	0.000	0.000
Total borrowings	0.000	0.025
Debt/Equity ratio	0.000	0.007

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2016	31.03.2017
	INR In Million	INR In Million
Sales	4.775	6.832
		43.079

NET PROFIT MARGIN

Net Profit Margin	31.03.2016	31.03.2017
	INR In Million	INR In Million
Sales	4.775	6.832
Profit	0.229	0.241
	4.80%	3.53%

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	No
8	Designation of contact person	No
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)	No
16	No. of employees [As per Site Visit]	Yes
17	Details of sister concerns	No
18	Major suppliers	Yes
19	Major customers	Yes
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	Yes
26	Turnover of firm for last two years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last two years	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 :	KEELAMBI AGRI TOOLS
Address :	Nehru Road, 2nd Cross, Garden Area, Shivamogha - 577201, Karnataka, India
Contact No.:	91-8182-401808 / 91-8861833888
E-Mail :	je.keelambi@gmail.com
Date of Visit :	17.04.2018
Person to whom we met:	Mr. Rajesh [Proprietor]
Name Board :	Sighted
Location:	Easy
Landmark (If Any):	Near Archana Residency
Total Floors of the Building :	Shed Type Premise
Subject situated on:	Shed Type Premise
Locality:	Commercial
Area of Premises :	400 Sq. ft.
Area :	Neutral
No. of employees seen at premises:	3 (Approx.)
Visibility of Items:	· Telephone · Computers · Air Conditioner · Office Equipment
Neighbours Interview :	On inquiry with Mr. Naveen Kumar from “Shree Mokambika Engineering” a neighboring company and Mr. Shrinivas Murthy (Local Resident) both confirmed the existence of the subject on the given premise address.
Proof of visit:	Photos and Visiting Card

FIXED ASSETS:

· Furniture

· Electrical Fittings

· Plant and Machinery

· Computer

· Software

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 65.78
UK Pound	1	INR 93.42
Euro	1	INR 81.39

INFORMATION DETAILS

Information Gathered by :	SAV
Analysis Done by :	NIS
Report Prepared by :	BVA

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.