MIRA INFORM REPORT

Report No. :	506317
Report Date :	28.04.2018

IDENTIFICATION DETAILS

Name :	KAPIL ENGINEERS & INFRASTRUCTURES PRIVATE LIMITED
Registered Office :	Survey No.-115/1, I.T. Park Nankramguda, Serlimgampally Mandal Secunderabad – 500032, Telangana
Tel. No.:	91-40-49493313
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	03.07.2008
Com. Reg. No.:	36-059980
Capital Investment / Paid-up Capital :	INR 10.110 Million
CIN No.: [Company Identification No.]	U32107TG2008PTC059980
IEC No.: [Import-Export Code No.]	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
TIN No.:	Not Divulged
PAN No.: [Permanent Account No.]	AAXPL7802Q
Legal Form :	Private Limited Liability Company.
Line of Business :	Subject is engaged into the business of executing civil works. [Registered Activity]
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 :

B

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

Maximum Credit Limit :	USD 30000
Status :	Moderate
Payment Behaviour :	Slow and delayed
Litigation :	Clear
Comments :	Subject was incorporated in the year 2008. It is into the business of executive civil works. As per the financial of 2017, the company has reported a decline in its revenue as compared to the previous year and has incurred operational losses. The company possesses moderate financial position marked by low reserve base along with high debt balance sheet profile. Business is active. Payment seems to be slow and delayed. In view of aforesaid, the company can be considered for business dealings with some caution.

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 28.04.2018.

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 :	Ms. Dipika M
Designation :	Manager
Contact No.:	91-40-49493313
Date :	27.04.2018

LOCATIONS

Registered Office :	Survey No.-115/1, I.T. Park Nankramguda, Serlimgampally Mandal Secunderabad – 500032, Telangana, India
Tel. No.:	91-40-49493313
Fax No.:	Not Available
E-Mail :	secretarial@kapilgroup.com

DIRECTORS

As on 31.03.2017

Name :

Mr. Vaman Rao Kasuganti

Designation :

Director

Address :

Plot No2, Madhupala Enclave Akbar Road, Secunderabad – 500009, Telangana, India

Date of Appointment :

03.07.2008

DIN No.:

00356880

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U45200TG2006PTC049437	DAKSHIN INFRASTRUCTURES PRIVATE LIMITED	25/09/2009	-
U72200TG2004PTC042811	KAPIL POWER AND SOFTWARE PRIVATE LIMITED	04/01/2013	-
U74999TG2006PTC050782	HYDERABAD MEDIA HOUSE PRIVATE LIMITED	24/09/2008	-
U70101TG2007PTC053746	KAPIL AVENUES AND CONSULTANTS PRIVATE LIMITED	29/09/2012	-
U74900TG2008PTC060686	KNOWLEDGE MATRIX (INDIA) PRIVATE LIMITED	22/08/2008	-
U55101TG2009PTC063314	BVM ENERGY AND RESIDENCY PRIVATE LIMITED	13/04/2009	-
U74999TG2010PTC069877	KAPIL PROPERTY MANAGEMENT PRIVATE LIMITED	09/08/2010	-
U85100TG2012NPL080040	HYDERABAD BICYCLING CLUB	28/09/2015	-
U65992AP1981PTC003018	KAPIL CONSULTANCY SERVICES PRIVATE LIMITED	01/05/1981	-
U74999TG2017PTC121117	KAPIL DESIGN CONSULTANTS PRIVATE LIMITED	11/12/2017	-
U74999TG2018PTC123853	KAPIL FOOD PARK PRIVATE LIMITED	13/04/2018	-

Name :

Mr. Ravi Kumar Pullela

Designation :

Director

Address :

P No.1, Ravi Kumar, 10-3-102/1 Plot No.241 East Marredpally, Secunderabad – 500009, Telangana, India

Date of Appointment :

03.07.2008

DIN No.:

00437891

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U45200TG2013PTC091512	KAPIL PRECAST AND INFRA PRIVATE LIMITED	05/12/2013	-
U45100TG2017PTC116041	KAPIL PROJECT MANAGEMENT CONSULTANTS PRIVATE LIMITED	21/03/2017	-

Name :

Mr. Jandhyala Radhakrishna Murthy

Designation :

Managing Director

Address :

34 / SRT Municipal Colony Malakpet Hyderabad – 500036, Telangana, India

Date of Appointment :

27.03.2013

DIN No.:

00558955

Name :

Mr. Tammineedi Satyakishore

Designation :

Additional Director

Address :

H. No. 8-54, Rebbanapalle, Dandepally Mandal, Adilabad – 504215, Telangana, India

Date of Appointment :

28.03.2018

DIN No.:

08098919

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2017

Names of Shareholders	No. of Shares
Kasuganthi Vaman Rao	99000
Pullela Ravi Kumar	1000
Kasuganthi Subhashini	99000
Kasuganti Vaman Rao (HUF)	99000
Kasuganthi Venkatramana Rao	99000
Harita Rao	99000
Kalvakuntla Vaibhav Rao and K. Vaman Rao	99000
Kasuganthi Vihan Rao and K. Vaman Rao	99000
Kasuganthi Hashini Rao and K. Vaman Rao	99000
BVM Energy and Residency Private Limited	99000
Dakshin Infrastructure Private Limited	99000
Kalvakuntla Vidhushi Rao and K. Vaman Rao	20000
Total	1011000

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2017

Category	Percentage
Public – (Individual/ Hindu Undivided Family – Indian)	80.42
Public - Bodies corporate	19.58
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged into the business of executing civil works. [Registered Activity]
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

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 :

Information declined by the management

Bankers :

Bank Name	Not Divulged
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 :	Janardhan Rao Deshmukh and Company Chartered Accountants
Address :	304, Lumbini Apartments, D.K. Road, Ameerpet, Hyderabad – 500016, Telangana, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAXPL7802Q
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	INR 10/- each	INR 30.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1011000	Equity Shares	INR 10/- each	INR 10.110 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	10.110	10.110	8.235
(b) Reserves & Surplus	1.280	2.415	(1.689)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	11.390	12.525	6.546
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.327	0.363	0.380
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.327	0.363	0.380
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	26.207	62.526	54.709
(c) Other current liabilities	58.688	0.000	0.000
(d) Short-term provisions	3.400	4.903	3.590
Total Current Liabilities (4)	88.295	67.429	58.299
TOTAL	100.012	80.317	65.225
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.217	0.301	0.425
(ii) Intangible Assets	1.379	1.684	2.056
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	3.850	3.850	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	5.446	5.835	2.481
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	82.896	72.732	54.967
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	1.153	1.338	1.280
(e) Short-term loans and advances	10.517	0.412	6.497
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	94.566	74.482	62.744
TOTAL	100.012	80.317	65.225

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	15.752	23.354	34.020
	Other Income	0.223	0.128	1.377
	TOTAL	15.975	23.482	35.397
Less	EXPENSES
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(82.896)	(72.732)	(54.967)
	Construction Expenses	80.101	76.715	91.044
	Employees benefits expense	16.286	12.274	9.532
	Other expenses	3.023	4.314	12.222
	TOTAL	16.514	20.571	57.831
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(0.539)	2.911	(22.434)
Less/ Add	DEPRECIATION/ AMORTISATION	0.388	0.497	0.646
	PROFIT/ (LOSS) BEFORE TAX	(0.927)	2.414	(23.080)
Less	TAX	0.209	(1.690)	1.108
	PROFIT/ (LOSS) AFTER TAX	(1.136)	4.104	(24.188)
	Earnings / (Loss) Per Share (INR)	(5.11)	18.45	(108.71)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flow from operating activity	(58.874)	2.034	0.122

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	0.00	0.00	0.00
Account Receivables Turnover (Income / Sundry Debtors)	0.00	0.00	0.00
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	0.00	0.00	0.00
Inventory Turnover (Operating Income / Inventories)	(0.01)	0.04	(0.41)
Asset Turnover (Operating Income / Net Fixed Assets)	(0.34)	1.47	(9.04)

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.88	0.84	0.89
Debt Equity Ratio (Total Liability / Networth)	0.00	0.00	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	7.75	5.38	8.91
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.14	0.16	0.38

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	(7.21)	17.57	(71.10)
Return on Total Assets ((PAT / Total Assets) * 100)	%	(1.14)	5.11	(37.08)
Return on Investment (ROI) ((PAT / Networth) * 100)	%	(9.97)	32.77	(369.51)

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.07	1.10	1.08
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.13	0.03	0.13
G-Score Ratio Financial (Networth / Total Assets)	0.11	0.16	0.10
G-Score Ratio Debt (Debts / Equity Capital)	0.00	0.00	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.07	1.10	1.08

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

FINANCIAL ANALYSIS

[all figures are INR Million]

DEBT EQUITY RATIO

Particular	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Share Capital	8.235	10.110	10.110
Reserves & Surplus	(1.689)	2.415	1.280
Net worth	6.546	12.525	11.390
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	34.020	23.354	15.752
		(31.352)	(32.551)

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	34.020	23.354	15.752
Profit	(24.188)	4.104	(1.136)
	(71.10%)	17.57%	(7.21%)

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	--
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	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	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
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 three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	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	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Computer
• Office Equipment
• Vehicles
• Furniture
• Machinery

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 66.78
UK Pound	1	INR 92.89
Euro	1	INR 80.74

INFORMATION DETAILS

Information Gathered by :	RUB
Analysis Done by :	NYT
Report Prepared by :	JYO

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.