MIRA INFORM REPORT

Report No. :	491564
Report Date :	10.02.2018

IDENTIFICATION DETAILS

Name :	RYTHAM ALLOYS PRIVATE LIMITED
Registered Office :	1, Jawaharkunj Society, behind Hotel Rejanta, Ashram Road, Juna Vadaj, Ahmedabad – 380013, Gujarat
Mobile No.:	91-7016462920 (Mr. Prem Dharmeshbhai Patel)
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	26.08.2016
Com. Reg. No.:	04-093481
Capital Investment / Paid-up Capital :	INR 0.100 Million
CIN No.: [Company Identification No.]	U27310GJ2016PTC093481
IEC No.:	Not Applicable (As informed by the management that firm does not have export and import)
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAICR3658N
GSTIN :	24AAICR3658N1ZU
Legal Form :	Private Limited Liability Company.
Line of Business :	The company is primarily engaged in the business of Construction Work. Processing of Iron and Alloy Steel. (Registered activity) Manufacturer and Trader of Stainless Steel Plates, Pipes, Flats Belts etc. (Confirmed by management)
No. of Employees :	80 (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 :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a relatively new company incorporated in August 2016 and it having moderate track records. Mr. Prem Patel (Director) has provided general information and also claimed that activity of the company has started from November 2017. Further, he started that company will achieve revenue for the FY 2017-18 as INR 150.000 million. As per available financials upto March 2017, the company has recorded of some pre-operative expense which has resulted into accumulated losses. Rating constrained on account of modest capital base and short track record of business operations. Payments are unknown. In view of aforesaid, the company can be considered for business dealings with safe and secured trade terms and conditions.

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

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 31-03-2016.

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 10.02.2018

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. Prem Dharmeshbhai Patel
Designation :	Director
Contact No.:	91-7016462920
Date :	09.02.2018

LOCATIONS

Registered Office :	1, Jawaharkunj Society, behind Hotel Rejanta, Ashram Road, Juna Vadaj, Ahmedabad – 380013, Gujarat, India
Tel. No.:	Not Available
Mobile No.:	91-7016462920 (Mr. Prem Dharmeshbhai Patel) 91-7802040757 (Mr. Dharmesh Manilal Patel) 91-9909009804 (Mr. Verma Ankit Anilkumar)
Fax No.:	Not Available
E-Mail :	patelpremroxx@gmail.com verma167.ankit@gmail.com
Area :	500 Sq. Ft.
Location :	Owned
Locality :	Commercial
Factory :	Majra Chowkdi, Near Talod – District – Himatnagar, Gujarat, India

DIRECTORS

As on 31.03.2017

Name :

Mr. Dharmesh Manilal Patel

Designation :

Director

Address :

7, Premnagar Society, Near Stadiyam Tri Angel, Sports Club, Navrangpura, Ahmedabad – 380009, Gujarat, India

Date of Birth/Age :

12.06.1968

Date of Appointment :

04.11.2017

PAN No.:

AIFPP5556R

Aadhar Card no.:

7544 2595 6109

DIN No.:

06959643

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U70101GJ2010PTC059547	AASTHA ORGANISERS PRIVATE LIMITED	23/03/2015	-
U70101GJ2010PTC059485	VENUS PROCON PRIVATE LIMITED	05/09/2014	-
U17100GJ2010PTC060717	AVDHOOT TRADING PRIVATE LIMITED	24/01/2018	-
U70101GJ2014PTC080773	MOKSH INFRAPROJECTS PRIVATE LIMITED	12/09/2015	-

Name :

Mr. Verma Ankit Anilkumar

Designation :

Director

Address :

804, Shantanu Apart. Navrangpura, Ahmedabad – 380009, Gujarat, India

Date of Birth/Age :

16.07.1990

Date of Appointment :

04.11.2017

PAN No.:

AIAPV7818F

Aadhar Card no.:

9940 2449 4283

DIN No.:

07158952

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U51900GJ1994PLC093306	B D OVERSEAS AND FISCAL SERVICES LIMITED	15/04/2015	-
U27100GJ2012PTC070240	PA STEELIX CORPORATION PRIVATE LIMITED	14/09/2017	-

Name :

Mr. Prem Dharmeshbhai Patel

Designation :

Director

Address :

7, Premnagar Society, Near Stadiyam Tri Angel, Sports Club, Navrangpura, Ahmedabad – 380009, Gujarat, India

Date of Appointment :

08.06.2017

DIN No.:

07846711

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U17100GJ2010PTC060717	AVDHOOT TRADING PRIVATE LIMITED	28/12/2017	-

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2017

Names of Shareholders	No. of Shares	%age of holding
Rajesh Chnilal Patel	5000	50.00
Alpaben Rajeshbhai Patel	5000	50.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.11.2017

Category	Percentage
Promoter – (Individual/ Hindu Undivided Family – Indian)	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

• The company is primarily engaged in the business of Construction Work.
• Processing of Iron and Alloy Steel.

(Registered activity)

• Manufacturer and Trader of Stainless Steel Plates, Pipes, Flats Belts etc.

(Confirmed by management)

Products :

Item Code No.	Product Description
73259920	Processing of Iron and Alloy Steel

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Applicable

Imports :

Not Applicable

Terms :

Selling :

Advance Payment, Credit (30 Days)

Purchasing :

L/C, Cheque

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 :

Wholesalers, Manufacturers

Reference :	B. P. Overseas
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

• Khakhani Metals

No. of Employees :

80 (Approximately)

Bankers :

Bank Name	Central Bank of India
Branch	Ashram Road, Ahmedabad – 380014, Gujarat, India
Person Name (With Designation)	--
Contact Number	91-79-27544837 (Ringing)
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 :	Shah and Iyer Chartered Accountants
Address :	15, Silver Point, Patel Park, Near Stadium Circle, Navrangpura, Ahmedabad – 380009, Gujarat, India
Tel. No.:	91-79-26465350
Mobile No.:	91-9825066175
E-Mail :	sbshahca@gmail.com shahandiyer@gmail.com
PAN N Income-tax PAN of auditor or auditor's firm :	ABBFS4989G
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
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	31.03.2017 (7 Months)
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100
(b) Reserves & Surplus	(0.010)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.090
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	0.000
(c) Other current liabilities	0.000
(d) Short-term provisions	0.000
Total Current Liabilities (4)	0.000
TOTAL	0.090
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(ii) Intangible Assets	0.000
(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	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	0.000
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.000
(d) Cash and cash equivalents	0.090
(e) Short-term loans and advances	0.000
(f) Other current assets	0.000
Total Current Assets	0.090
TOTAL	0.090

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017 (7 Months)
	SALES
	Income	0.000
	Other Income	0.000
	TOTAL	0.000
Less	EXPENSES
	Other expenses	0.010
	TOTAL	0.010
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	(0.010)
Less	FINANCIAL EXPENSES	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(0.010)
Less/ Add	DEPRECIATION/ AMORTISATION	0.000
	PROFIT/ (LOSS) BEFORE TAX	(0.010)
Less	TAX	0.000
	PROFIT/ (LOSS) AFTER TAX	(0.010)
	Earnings / (Loss) Per Share (INR)	(1.00)

Expected Sales (2017-2018) : INR 150.000 Million (Approximately)

The above information has been parted by Mr. Prem Patel (Director)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017 (7 Months)
Current Maturities of Long term debt	NA
Cash generated from operations	NA
Net cash flow from operating activity	NA

KEY RATIOS

PROFITABILITY RATIOS

PARTICULARS		31.03.2017 (7 Months)
Net Profit Margin ((PAT / Sales) * 100)	%	0.00
Return on Total Assets ((PAT / Total Assets) * 100)	%	(11.11)
Return on Investment (ROI) ((PAT / Networth) * 100)	%	(11.11)

SOLVENCY RATIOS

PARTICULARS	31.03.2017 (7 Months)
G-Score Ratio Financial (Networth / Total Assets)	1.00
G-Score Ratio Debt (Debts / Equity Capital)	0.00

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	--
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	No
19	Major customers	No
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	Yes
26	Turnover of firm for last one year	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last one year	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

CORPORATE INFORMATION

The company is primarily engaged in the business of construction work.

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

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 64.16
UK Pound	1	INR 89.19
Euro	1	INR 78.75

INFORMATION DETAILS

Information Gathered by :	PON
Analysis Done by :	PRS
Report Prepared by :	KJL

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.