MIRA INFORM REPORT

3decades

MIRA INFORM REPORT

Report No. :	480859
Report Date :	12.02.2018

IDENTIFICATION DETAILS

Name :	SAI KRISHNA AGENCIES

Registered Office :	Plot No. 63/A, Flat No.:102, Sri Teja Residency, Vengal Rao Nagar, Hyderabad – 500038, Telangana
Mobile No.:	91-9848024480 [Mr. Ramalinga Raju Gorinta]

Country :	India

Financials (as on) :	31.03.2017

Year of Establishment :	1995

Capital Investment / Paid-up Capital :	INR 29.318 Million

IEC No.:	Not Divulged

GSTIN No.:	37AEFPG4379F1ZF

TIN No.:	Not Divulged

PAN No.: [Permanent Account No.]	AEFPG4379F

Legal Form :	Sole Proprietary Concern

Line of Business :	Trader of Chemicals and Intermediates. [Confirmed by management]

No. of Employees :	6 (Approximately)

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is a proprietorship concern established in the year 1995. It is a trader of chemicals and intermediates. For the financial year 2017, the concern has achieved decent sales turnover along with an average profit margin of 1.00%. Rating takes into consideration the subject’s healthy capital base along with comfortable debt balance sheet profile. Furthermore, subject’s customer (Vijaya Agencies) has provided positive feedback about the subject and claimed that they are satisfied with subject’s product quality. Payments seems to be usually correct. In view of aforesaid, the concern can be considered for business dealings at usual 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

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 12.02.2018.

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. Gorinta Ramalinga Raju
Designation :	Proprietor
Contact No.:	91-9848024480
Date :	11.02.2018

LOCATIONS

Registered Office :	63/A, Flat No.:102, Sri Teja Residency, Vengal Rao Nagar, Hyderabad – 500038, Telangana, India
Tel. No.:	Not Available
Mobile No.:	91-9848024480 [Mr. Gorinta Ramalinga Raju]
Fax No.:	Not Available
E-Mail :	ramalingaraju_va@yahoo.co.in
Area :	1100 Sq. Ft.
Location :	Rented

SOLE PROPRIETOR

Name :	Mr. Gorinta Ramalinga Raju
Designation :	Proprietor
Address:	Plot No. 108, Siddartha Nagar, Hyderabad, Telangana, India
Date of Birth:	02.02.1951
Qualification:	Graduation
Experience:	30 Years
PAN No.:	AEFPG4379F

BUSINESS DETAILS

Line of Business :	Trader of Chemicals and Intermediates. [Confirmed by management]

Products/ Services :	Chemicals Intermediates

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :	Not Divulged

Terms :
Selling :	L/C and Others

Purchasing :	L/C and Others

GENERAL INFORMATION

Suppliers :

Reference :

Neuland Laboratories Private Limited

Name of the Person :

Kalyan

Contact No.:

91-9052288080 [Number is Ringing]

Since How Long Known :

1998

Experience :

Payment Behaviour	Market Goodwill	Overall
Good	Good	Good

Maximum Limit Dealt :

INR 20.000 Million

Remark :

Customers :

Wholesalers

Reference :

Vijaya Agencies

Name of the Person :

Sree Ramanu – (Accountant)

Contact No.:

91-9133555489

Since How Long Known :

2000

Experience :

INR 40.000 Million

Maximum Limit Dealt :

Product Quality	Delivery Behaviour	Overall
Excellent	Excellent	Excellent

Remark: Mr. Sree Ramanu (Accountant) confirmed product quality behavior and overall performance is excellent.

No. of Employees :

6 (Approximately)

Bankers :

Bank Name	State bank of India
Branch	Adikmet Road Branch, Vidyanagar, Hyderabad, Telangana, India
Person Name (With Designation)	--
Contact Number	--
Name of Account Holder	--
Account Number	62312829375 [Not confirmed with bank]
Account Since (Date/Year of Account Opening)	2013 [Not confirmed with bank]
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	Cash Credit [Not confirmed with bank]
Account Operation	--
Remarks (If any)	--

Auditors :
Name :	P.R. Datla and Company Chartered Accountants
Address :	Hyderabad, Telangana, India
Membership No.:	205288

Collaborators :	Not Available

Membership :	Not Available

Sister Concern :	Not Divulged

CAPITAL STRUCTURE

AS ON 31.03.2017

Particulars	Amount
Capital Account	26.843
Add: Net Profit	2.475
Total	29.318

FINANCIAL DATA

[all figures are INR Million]

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

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2017
SHAREHOLDERS FUNDS
1] proprietor’s Capital		29.318
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		29.318
LOAN FUNDS
1] Secured Loans		31.279
2] Unsecured Loans		9.860
TOTAL BORROWING		41.139
DEFERRED TAX LIABILITIES		0.000

TOTAL		70.457

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		0.198
Capital work-in-progress		0.000

INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	40.963
	Sundry Debtors	53.539
	Cash & Bank Balances	0.197
	Other Current Assets	0.000
	Loans & Advances	2.151
Total Current Assets		96.850
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	26.295
	Other Current Liabilities & Provisions	0.296
Total Current Liabilities		26.591
Net Current Assets		70.259

MISCELLANEOUS EXPENSES		0.000

TOTAL		70.457

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017
	SALES
	Income	246.819
	Other Income	0.086
	TOTAL	246.905

Less	EXPENSES
	Cost of Materials Consumed	234.537
	Purchases of Stock-in-Trade	0.000
	audit Fees	0.068
	Conveyance and Travelling	0.106
	Conveyance and Travelling	0.595
	Freight Charges	0.061
	Insurance	0.034
	LC Charges	0.809
	Marketing Expenses	1.275
	Other Expenses	0.750
	Printing and Stationery	0.014
	Rent	0.102
	Salaries	1.487
	TOTAL	239.838

	PROFIT/ (LOSS) BEFORE INTEREST, DEPRECIATION	7.067

Less	FINANCIAL EXPENSES	4.556

	PROFIT / (LOSS) BEFORE DEPRECIATION	2.511

Less	DEPRECIATION/ AMORTISATION	0.036

	NET PROFIT/ (LOSS)	2.475

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS			31.03.2017
Average Collection Days [Sundry Debtors / Income * 365]			79.17

Account Receivables Turnover [Income / Sunday Debtors]			4.61

Average Payment Days (Sundry Creditors / Purchases * 365 Days)			40.92

Inventory Turnover (Operating Income / Inventories)			0.17

Asset Turnover (Operating Income / Net Fixed Assets)			35.69

LEVERAGE RATIOS

PARTICULARS			31.03.2017
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)			0.70

Debt Equity Ratio (Total Liability / Networth)			1.40

Current Liabilities to Networth (Current Liabilities / Net Worth)			1.24

Fixed Assets to Networth (Net Fixed Assets / Networth)			0.01

Interest Coverage Ratio (PBIT / Financial Charges)			1.55

PROFITABILITY RATIOS

PARTICULARS		31.03.2017
PAT to Sales ((PAT / Sales) * 100)	%	1.00

Return on Total Assets ((PAT / Total Assets) * 100)	%	2.55

Return on Investment (ROI) ((PAT / Networth) * 100)	%	8.44

SOLVENCY RATIOS

PARTICULARS			31.03.2017
Current Ratio (Current Assets / Current Liabilities)			2.66

Quick Ratio ((Current Assets – Inventories) / Current Liabilities)			1.53

G-Score Ratio Financial (Networth / Total Assets)			0.30

G-Score Ratio Debt (Debts / Equity Capital)			1.40

G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)			2.66

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	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	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

FIXED ASSETS

Furniture
Vehicles
Computer

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 64.37
UK Pound	1	INR 78.89
Euro	1	INR 89.71

INFORMATION DETAILS

Information Gathered by :	PNM

Analysis Done by :	PRI

Report Prepared by :	GEET

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.