MIRA INFORM REPORT

Report No. :	482225
Report Date :	05.02.2018

IDENTIFICATION DETAILS

Name :	AMBIKA STATIONERY MART
Registered Office :	Shop No 3, Nana Vithalapur, Char Rasta, Vithalapur, Ahmedabad – 382120, Gujarat
Mobile No.:	91-7284065231 [Mr. Mukesh Vajaram Choudhary]
Website :	Not Available
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	01.08.2015
Capital Investment / Paid-up Capital :	INR 20.837 Lacs
IEC No.:	Not Applicable
TIN No.:	24074402029
CST Number:	24574402029
PAN No.: [Permanent Account No.]	ABDFA4365L
GSTIN No.:	24ABDFA4365L1ZE
Shop & Establishment Certificate No.	--
Udyog Aadhaar No.:	GJ01A0089671
Legal Form :	Partnership Concern with an unlimited liability of the partners
Line of Business :	Trader of Stationery Material.
No. of Employees :	5 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Ambika Stationery Mart is a trader of stationery material. The concern was started in August 2015 and it is based in Ahmedabad, Gujarat. It is a partnership concern having moderate track record. For the financial year ended 2017, the concern has achieved average revenue and reported a profit margin at 0.44% (approximately). Rating takes into consideration concern’s short track record of business operation along with low profit margin and strong competition from organised and un-organised players in stationery business. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The concern can be considered for business dealings with some caution. Note: Site visit was conducted at the correspondence address of the concern. Our executive has successfully traced the concern at the premises and had a word with Mr. Mukesh, Partner. As per our executive observation, it is a shop type premises. Locality of the premises appears to be commercial area seems to be neutral and area of the premises is 240 sq. ft. (approximately). Name board of the concern “Ambika Stationery Mart” was sighted at the premises. Landmark of the area is “Vithlapur Chowk” and (approximately) 2 employees were sighted at the premises.

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 05.02.2018

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. Mukesh Vajaram Choudhary
Designation :	Partner
Contact No.:	91-7284065231
Date :	18.01.2018

LOCATIONS

Registered Office :	Shop No 3, Nana Vithalapur, Char Rasta, Vithalapur, Ahmedabad – 382120, Gujarat, India
Tel. No.:	Not Available
Mobile No.:	91-7284065231/ 8758301167 [Mr. Mukesh Vajaram Choudhary]
Fax No.:	Not Available
Website :	Not Available
E-Mail :	ambikagj11@gmail.com
Correspondence Address :	Survey No.106, Shop No.4, Ashapura Complex, Vithlapur Chowk, Ahmedabad – 382120, Gujarat, India
Area :	240 Sq. Ft. [As per site visit]
Location:	Rented
Locality :	Commercial [As per site visit]

PARTNERS

Name :	Mr. Mukesh Vajaram Choudhary
Designation :	Partner
Address :	Bera, Unovadi, Choudhariyo Ka Vaas, Guda Thakurji, Gurha Thakurji, Pali – 306502, Rajasthan, India
Date of Birth/Age :	05.07.1993
Aadhar No.:	9499 5651 1887
PAN No.:	CAIPM1593C
Mobile No.:	91-7284065231
Email:	ambikagj11@gmail.com
Name :	Mr. Prakash Ghisa Ram Choudhary
Designation :	Partner
Address :	Talab Area, Gajnipura Road, Khinwara, Pali – 306502, Rajasthan, India
Date of Birth/Age :	06.05.1989
Aadhar No.:	2910 5429 0871
PAN No.:	BAIPC8261Q
Mobile No.:	91-9512112373
Email:	ambikagj11@gmail.com

DETAILS OF GROUP COMPANIES

NIL

BUSINESS DETAILS

Line of Business :	Trader of Stationery Material.
Products :	Stationery Material
Agencies Held :	--
Terms :
Selling :	Credit [30/60 Days]
Purchasing :	Credit [30/60 Days]

GENERAL INFORMATION

Suppliers :

· Moolchand Agency (Ahmedabad, Gujarat)

· Title Display (Kalol, Gujarat)

Customers :

· Neel Metal Product Limited (Gujarat)

· Badve Autotech Private Limited (Gujarat)

· Suzuki Motor (Gujarat)

No. of Employees :

5 (Approximately)

Bankers :

Banker Name :	HDFC Bank Limited
Branch :	Shop No.3/4/5/6/7, First Floor, K D Plaza, Near Balaji Complex, Viramgam Road, Mehsana – 384210, Gujarat, India
Email :	hemant.pandya@hdfcbank.com
Name of the Relationship Manager:	Mr. Hemant Pandya
Mobile No.:	91-9825615056
Tel No.:	91-79-34289289
Branch Code :	4258
Account No.:	50200018585748
Account Type :	Current Account
MICR Code :	384240504
IFSC Code :	HDFC0004258

Auditors :
Name :	Dalal and Company Chartered Accountants
Address :	Seva Sadan Road, Above Kachhi King, Viramgam, Ahmedabad – 382150, Gujarat, India
Mobile No.:	91-9724441401
E-Mail :	ca_dalal7@yahoo.in
Membership No.:	149413

LITIGATIONS

NIL

CAPITAL STRUCTURE

[INR in Lacs]

AS ON 31.03.2017

Particulars	[INR in Lacs]
Partner’s Capital	20.837

FINANCIAL DATA

[all figures are INR Lacs]

ABRIDGED BALANCE SHEET

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

SOURCES OF FUNDS		31.03.2017
SHAREHOLDERS FUNDS
1] Partner’s Capital		20.837
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		20.837
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		20.837
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.554
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	15.820
	Sundry Debtors	21.429
	Cash & Bank Balances	1.143
	Other Current Assets	0.200
	Loans & Advances	0.000
Total Current Assets		38.592
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	18.928
	Other Current Liabilities & Provisions	0.381
Total Current Liabilities		19.309
Net Current Assets		19.283
MISCELLANEOUS EXPENSES		0.000
TOTAL		20.837

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017
	SALES
	Income	149.888
	Other Income	0.000
	TOTAL	149.888
Less	EXPENSES
	Cost of goods sold	141.499
	Indirect Expenses
	Mobile	0.094
	Partners Remuneration	3.237
	Rent	0.360
	Salary Expenses	0.720
	Shop expenses	0.094
	Stationery Expenses	0.017
	Tea Coff. Expenses	0.069
	Travelling Expenses	0.099
	Wages	1.135
	TOTAL	147.324
	PROFIT/ (LOSS) BEFORE INTEREST	2.564
Less	INTEREST EXPENSES	1.906
	NET PROFIT / (LOSS)	0.658

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017
Average Collection Days (Sundry Debtors / Income * 365 Days)	52.18
Account Receivables Turnover (Income / Sundry Debtors)	6.99
Inventory Turnover (Operating Income / Inventories)	0.16
Asset Turnover (Operating Income / Net Fixed Assets)	1.65

LEVERAGE RATIOS

PARTICULARS	31.03.2017
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.48
Debt Equity Ratio (Total Liability / Networth)	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.93
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.07
Interest Coverage Ratio (PBIT / Financial Charges)	1.35

PROFITABILITY RATIOS

PARTICULARS		31.03.2017
Net Profit Margin ((PAT / Sales) * 100)	%	0.44
Return on Total Assets ((PAT / Total Assets) * 100)	%	1.64
Return on Investment (ROI) ((PAT / Networth) * 100)	%	3.16

SOLVENCY RATIOS

PARTICULARS	31.03.2017
Current Ratio (Current Assets / Current Liabilities)	2.00
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.18
G-Score Ratio Financial (Networth / Total Assets)	0.52
G-Score Ratio Debt (Debts / Equity Capital)	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	2.00

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	No
18	Major suppliers	Yes
19	Major customers	Yes
20	Banking Details	Yes
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	No
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

Name of Company :	AMBIKA STATIONERY MART
Address :	Survey No.106, Shop No.4, Ashapura Complex, Vithlapur Chowk, Ahmedabad – 382120, Gujarat, India
Mobile No.:	91-8758301167
Person to whom we met:	Mr. Mukesh Vajaram Choudhary
Designation :	Partner
Name Board :	Sighted
Location:	Easy
Landmark (If Any):	Vithlapur Chowk
Total Floors of the building:	Shop Type Premises
Locality:	Commercial
Area of premises :	240 Sq. Ft.
Area :	Neutral
Level of operation :	Medium
Details of hypothecation signboard (If Any) (As displayed in factory / work) :	NA
No. of employees seen at premises:	2
Visibility of Items:	Computers
Neighbour’s interview :
Name of the Company:	Shree Mahalaxmi Electricals and Hardware
Contact Person Name:	Mr. Ajaybhai
Name of the Company:	Ambika Electricals
Contact Person Name:	Mr. Bharatbhai
Proof of visit:	Visiting Card/ Photograph
Photograph:	Exterior with Name Board/ Interior/ Shop Floor/ Stock etc.
Details of the person conducting visit:
Name:	Hiren Soni
Designation:	Field Executive
Contact No.:	91-9898819196
Date:	18.01.2018

PICTURES

NEIGHBOURS

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 (as on 05.02.2018):

No press reports / filings exists on the subject.

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	DIV
Report Prepared by :	GEET

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.

·