MIRA INFORM REPORT

Report No. :	488579
Report Date :	02.02.2018

IDENTIFICATION DETAILS

Name :	WIN VISION EYE HOSPITALS PRIVATE LIMITED
Registered Office :	6-3-868/2, Begumpet Road, Greenlands, Next to Tourism Plaza, Hyderabad – 500016, Telangana
Mobile No.:	91-9985387080 (Mr. Mahipal Reddy)
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	25.06.2015
Com. Reg. No.:	36-099477
Capital Investment / Paid-up Capital :	INR 0.100 Million
CIN No.: [Company Identification No.]	U74900TG2015PTC099477
IEC No.:	Not Applicable (As informed by the management that firm does not have export and import)
GSTIN/UIN :	36AABCW6661R1ZI
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCW6661R
Legal Form :	Private Limited Liability Company
Line of Business :	The company is engaged in the business of providing eye hospitality services, intensive care units, pathology labs, diagnostic services, investigations, treatment, medical relief, optical and all related activities. [Registered activity and also confirmed by management]
No. of Employees :	70 (Approximately)

RATING & COMMENTS

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

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Relatively new business
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject was incorporated on 25^th June 2015 and it is engaged in the business of providing eye hospitality services, intensive care units, pathology labs, diagnostic services, investigations, treatment, medical relief, optical and all related activities. Management has not filed its financial for the year 2017 with registrar of companies. As per available financials of 2016, he company has achieved revenue of 29.24 million and has incurred operational losses during the year. Further, this operational loss has resulted into erosion of networth base. Rating gets constrained on account of modest financial risk profile marked by weak capital and unfavourable gap between trade payables and trade receivables. Payment are seem to be slow. In view of aforesaid, the company can be considered for business dealing at fully safe and secured terms and conditions. NOTE: However, the company was incorporated on 25^th June 2015, but its activity has begun from December 2015, hence the financials for the Year 2015-16 are of 4 months and the same has been confirmed by Mr. Mahipal Reddy (Chief Executive Officer).

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 (30.06.2017)	Current Rating (30.09.2017)
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 02.02.2018

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. Mahipal Reddy
Designation :	Chief Executive Officer
Contact No.:	91-9985387080
Date :	01.02.2018

LOCATIONS

Registered Office :	6-3-868/2, Begumpet Road, Greenlands, Next to Tourism Plaza, Hyderabad – 500016, Telangana, India
Tel. No.:	91-40-23408888
Mobile No.:	91-9985387080 (Mr. Mahipal Reddy)
Fax No.:	Not Available
E-Mail :	1961diamond@gmail.com info@winvision.in niait@winvision.in
Website :	http://www.winvision.in
Location :	Owned
Locality :	Commercial
Branch Office :	16-11-741/5, Moosarambagh, Dilsukhnagar, Hyderabad – 500036, Telangana, India
Tel. No.:	91-40-24046666 / 24046766
E-Mail :	infodilsukhnagar@winvision.in

DIRECTORS

AS ON 2018

Name :

Mr. Venkat Ratnam Chowdary Nimmagadda

Designation :

Managing Director

Address :

Flat 706, Teja Block, My Home Navadweepa, Opposite NIFT, Madhapur, Hyderabad – 500081, Telangana, India

Date of Birth/Age :

04.09.1961

Date of Appointment :

20.03.2017

DIN No.:

01748177

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U52520TG2002PTC038499	RAGATHIRUMALA ENTERPRISES PRIVATE LIMITED	13/02/2002	-
U45200TG2004PTC044043	RVS INFRANET PRIVATE LIMITED	31/08/2004	-

Name :

Mrs. Sreelakshmi Nimmagadda

Designation :

Managing Director

Address :

Flat No.706, Teja Block, My Home Navadweepa, Madhapur, Hyderabad – 500082, Telangana, India

Date of Birth/Age :

08.07.1962

Date of Appointment :

20.03.2017

DIN No.:

02437931

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U45200TG2004PTC044043	RVS INFRANET PRIVATE LIMITED	31/08/2004	-

Name :

Mr. Chaparala Surendranath

Designation :

Wholetime Director

Address :

SRT-642, Sanathnagar, Hyderabad – 500018, Telangana, India

Date of Birth/Age :

27.09.1958

Date of Appointment :

20.03.2017

DIN No.:

00216392

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U52520TG2002PTC038499	RAGATHIRUMALA ENTERPRISES PRIVATE LIMITED	13/02/2002	-
U45200TG2004PTC044043	RVS INFRANET PRIVATE LIMITED	31/08/2004	-

Name :

Chaparala Sarada

Designation :

Director

Address :

SRT 641, 642, Sanath Nagar, Vijayakrishna Nursing Home, Ameerpet, Hyderabad – 500018, Telangana, India

Date of Appointment :

24.12.2016

DIN No.:

07240047

KEY EXECUTIVES

Name :	Mr. Mahipal Reddy
Designation :	Chief Executive Officer

MAJOR SHAREHOLDERS

AS ON 31.03.2016

Names of Shareholders	No. of Shares	% of Holding
Venkat Ratnam Chowdary Nimmagadda	5000	50.00
Sreelakshmi Nimmagadda	5000	50.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 24.12.2016

Category	Percentage
Promoters [Individual/Hindu Undivided Family (Indian)]	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is engaged in the business of providing eye hospitality services, intensive care units, pathology labs, diagnostic services, investigations, treatment, medical relief, optical and all related activities. [Registered activity and also confirmed by management]

Products / Services :

Name and Description of main products / services	ITC Code
Eye Hospitality services and all related activities	99931210

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Selling :

Cash, Cheque and Others (Cards)

Purchasing :

Credit (90 Days)

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 :

End Users

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark :	--

No. of Employees :

70 (Approximately)

Bankers :

Banker Name :	Andhra Bank
Branch :	3-1-17 to 21, R.P. Road, Secunderabad – 500003, Telangana, India
Person Name (With Designation) :	--
Contact Number :	91-40-23468752 (Continuously Ringing)
Name of Account Holder :	--
Account Number :	--
Account Since (Date/Year of Account Opening) :	--
Average Balance Maintained :	--
Credit Facilities Enjoyed (CC/OD/Term Loan) :	--
Account Operation :	--
Remark :	--

Banker Name :	Axis Bank
Branch :	Banjara Hills, Hyderabad – 500034, Telangana, India
Person Name (With Designation) :	--
Contact Number :	91-40-23305050 (Continuously Ringing)
Name of Account Holder :	--
Account Number :	--
IFSC Code :	UTIB0000515
Account Since (Date/Year of Account Opening) :	--
Average Balance Maintained :	--
Credit Facilities Enjoyed (CC/OD/Term Loan) :	--
Account Operation :	--
Remark :	--

Facilities :

SECURED LOANS	31.03.2016 INR In Million
LONG TERM BORROWINGS
Term loan from Andhra Bank	48.501
Car loan from HDFC Bank	1.500
SHORT TERM BORROWINGS
Working Capital Loan from Andhra Bank	9.916
Total	59.917

Auditors :
Name :	G P Associates Chartered Accountants
Address :	# 603, 6^th Floor, Cyberheights, Plot No.13, Behind TDP Office, Road No.2, Banjara Hills, Hyderabad – 500034, Telangana, India
Tel. No.:	91-40-23540822 / 844 / 866
Fax No.:	91-40-23540377
E-Mail :	gpasoc@gmail.com gpa@gpassociates.in
Website :	www.gpassociates.in
PAN No.:	AACFG2920P
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 24.12.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	INR 10/- each	INR 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	INR 10/- each	INR 0.100 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2016
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100
(b) Reserves & Surplus	(13.531)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	(13.431)
(3) Non-Current Liabilities
(a) Long-term borrowings	76.201
(b) Deferred tax liabilities (Net)	0.980
(c) Other long term liabilities	0.000
(d) Long-term provisions	0.000
Total Non-current Liabilities (3)	77.181
(4) Current Liabilities
(a) Short term borrowings	9.916
(b) Trade payables	72.190
(c) Other current liabilities	0.758
(d) Short-term provisions	0.116
Total Current Liabilities (4)	82.980
TOTAL	146.730
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	118.476
(ii) Intangible Assets	0.470
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	1.983
(e) Other Non-current assets	0.000
Total Non-Current Assets	120.929
(2) Current assets
(a) Current investments	0.000
(b) Inventories	5.658
(c) Trade receivables	2.108
(d) Cash and cash equivalents	2.501
(e) Short-term loans and advances	14.836
(f) Other current assets	0.698
Total Current Assets	25.801
TOTAL	146.730

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2016
	SALES
		Income	29.237
		Other Income	0.510
		TOTAL	29.747
Less	EXPENSES
		Cost of Materials Consumed	8.008
		Employee Benefits Expenses	7.167
		Other Expenses	18.804
		TOTAL	33.979
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(4.232)
Less	FINANCIAL EXPENSES		2.155
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		(6.387)
Less	DEPRECIATION/ AMORTISATION		6.164
	PROFIT/(LOSS) BEFORE TAX		(12.551)
Less	TAX		0.980
	PROFIT/(LOSS) AFTER TAX		(13.531)
	Earnings / (Loss) Per Share (INR)		(1353.10)

Particulars	31.03.2017
Sales Turnover (Approximately)	113.900

The above information has been parted by Mr. Mahipal Reddy (Chief Executive Officer).

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016
Current Maturities of Long term debt	NA
Cash generated from operations	43.550
Net cash flow from operating activities	43.550

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016
Average Collection Days (Sundry Debtors / Income * 365 Days)	26.32
Account Receivables Turnover (Income / Sundry Debtors)	13.87
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	3290.38
Inventory Turnover (Operating Income / Inventories)	(0.75)
Asset Turnover (Operating Income / Net Fixed Assets)	(0.04)

LEVERAGE RATIOS

PARTICULARS	31.03.2016
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	1.08
Debt Equity Ratio (Total Liability / Networth)	(6.41)
Current Liabilities to Networth (Current Liabilities / Net Worth)	(6.18)
Fixed Assets to Networth (Net Fixed Assets / Networth)	(8.86)
Interest Coverage Ratio (PBIT / Financial Charges)	(1.96)

PROFITABILITY RATIOS

PARTICULARS		31.03.2016
PAT to Sales ((PAT / Sales) * 100)	%	(46.28)
Return on Total Assets ((PAT / Total Assets) * 100)	%	(9.22)
Return on Investment (ROI) ((PAT / Networth) * 100)	%	100.74

SOLVENCY RATIOS

PARTICULARS	31.03.2016
Current Ratio (Current Assets / Current Liabilities)	0.31
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.24
G-Score Ratio Financial (Networth / Total Assets)	(0.09)
G-Score Ratio Debt (Debts / Equity Capital)	861.17
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	0.31

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	--
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	Yes
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 and four months	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last four months	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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

Company Information:

The company is incorporated in India in 25^th June 2015. The company is located at Hyderabad at 6-3-868/2, Begumpet Road, Greenlands, Next to Tourism Plaza, Hyderabad – 500016, Telangana, India and the company is engaged in the business of providing eye hospitality services, intensive care units, pathology labs, diagnostic services, investigations, treatment, medical relief, optical and all related activities

Brief description of the company’s working during the year / state of company’s affairs:

The company is in nascent stages and intends to step forward and identify more opportunities.

UNSECURED LOANS:

PARTICULARS	31.03.2016 INR In Million
LONG TERM BORROWINGS
Loans from Directors / Realties	26.200
Total	26.200

INDEX OF CHARGES:

S No	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	G06850697	100036578	SIEMENS FINANCIAL SERVICES PRIVATE LIMITED	30/05/2016	-	-	2120000.0	SEETHAKATHI BUSINESS CENTRE, 4TH FLOOR, 272/688, ANNA SALAI, CHENNAI TN600006IN
2	G44024396	10614282	ANDHRA BANK	13/11/2015	15/05/2017	-	62000000.0	3-1-17 TO 21, R.P. ROAD, SECUNDERABAD TG500003IN

FIXED ASSETS:

· Air Conditioners

· Civil Works – Interior

· Computers

· Electrical Installation

· Furniture and Fixtures

· Medical Equipment

· Office Equipment

· Vehicles

· 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	INR
US Dollar	1	INR 63.69
UK Pound	1	INR 90.35
Euro	1	INR 79.21

INFORMATION DETAILS

Information Gathered by :	PNM
Analysis Done by :	NIS
Report Prepared by :	NKT

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.