MIRA INFORM REPORT

Report No. :	484028
Report Date :	02.01.2018

IDENTIFICATION DETAILS

Name :	OMICRON INDUSTRIAL COMPONENTS
Registered Office :	Chandu Studio Compound, Kalina Market, Santacruz (East), Mumbai – 400098, Maharashtra
Tel No.:	91-22-26664178
Country :	India
Financials (as on) :	31.03.2017
Year of Establishment :	2006
Capital Investment :	INR 9.587 Million
IEC No.:	Not Applicable [As informed by the management that firm does not have export and import]
GST No.:	27ACAPH6440D1Z2
TIN No.:	Not Divulged
PAN No.: [Permanent Account No.]	ACAPH6440D
Legal Form :	Sole Proprietary Concern
Line of Business :	Manufacturer of Machines Parts for Steel Industries and Service Provider of Mechanical Engineering and Maintainance. [Confirmed by Management]
No. of Employees :	20 [Approximately]

RATING & COMMENTS

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

MIRA’s Rating :

A

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 :	Omicron Industrial Components is a proprietorship concern established in the year 2006. It is a manufacturer of machine parts for steel industries and service provider of mechanical engineering and maintenance. Mr. Gaurav Hegde (Proprietor) provided information about the subject to us. For the FY 2017, the concern reported dip in its revenue by 20% as compared to the previous year but has managed to maintain a decent profit margin of 14.64%. The sound financial risk profile of the company is marked by adequate net worth base along with negligible debt balance sheet profile and sufficient cash balance. Payments are reported 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	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 02.01.2018.

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. Gaurav Madhur Hedge
Designation :	Proprietor
Contact No.:	91-9867138660
Date :	02.01.2018

LOCATIONS

Registered Office :	Chandu Studio Compound, Kalina Market, Santacruz (East), Mumbai – 400098, Maharashtra, India
Tel. No.:	91-22-26664178/ 26665160
Mobile No.:	91-9867138660 [Mr. Gaurav Madhur Hedge]
Fax No.:	Not Available
E-Mail :	gauravhedge@yahoo.com enquiry@omicroengg.com
Website :	http://www.omicronengg.com
Area :	800 Sq. Ft.
Location :	Owned
Locality :	Commercial
Factory :	Gala No. 21, New India Market Lane, Kherani Road, Sakinaka, Mumbai – 400072, Maharashtra, India
Area :	800 Sq. Ft.
Location :	Owned

SOLE PROPRIETOR

Name :	Mr. Gaurav Madhur Hedge
Designation :	Proprietor
PAN No.:	ACAPH6440D

BUSINESS DETAILS

Line of Business :	Manufacturer of Machines Parts for Steel Industries and Service Provider of Mechanical Engineering and Maintainance. [Confirmed by Management]
Products/ Services :	Machines Parts for Steel Industries
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Not Available
Countries :	Not Available
Imports :
Products :	Not Available
Countries :	Not Available
Terms :
Selling :	Advance Payment, L/C, Cheque and Others [RTGS]
Purchasing :	Advance Payment, L/C, Cheque and Others [RTGS]

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

Customers :

Manufacturers

Reference:	Mukund Limited
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

· Viraj Profiles Limited

No. of Employees :

20 [Approximately]

Bankers :

Bank Name:	ICICI Bank Limited
Branch:	Santacruz (East), Mumbai-400029, Maharashtra, India
Person Name (with Designation):	--
Contact Number:	91-22-33667777
Name of Account Holder:	--
Account Number:	--
Account Since (Date/ Year of A/c Opening):	--
Average Balance Maintained (Optional):	--
Credit Facilities Enjoyed (CC/OD/Term Loan):	--
Account Operation:	--
Remarks:	Ringing

Bank Name:	Corporation Bank
Branch:	Santacruz (East), Mumbai-400029, Maharashtra, India
Person Name (with Designation):	--
Contact Number:	91-22-26662348
Name of Account Holder:	--
Account Number:	--
Account Since (Date/ Year of A/c Opening):	--
Average Balance Maintained (Optional):	--
Credit Facilities Enjoyed (CC/OD/Term Loan):	--
Account Operation:	--
Remarks:	Ringing

Auditors :
Name :	Gadhari and Associates Chartered Accountants
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern :	· Ambernath Factory Address: W-23(A) MIDC, Additional Ambernath, Anandnagar, Ambernath (East)-421506, Maharashtra, India Line of Business: Manufacturer of Machines Parts for Steel Industries and Service Provider of Mechanical Engineering and Maintainance

CAPITAL STRUCTURE

AS ON 31.03.2017

Capital Investment :
Owned :	INR 9.587 Million
Borrowed :	---
Total :	INR 9.587 Million

FINANCIAL ANALYSIS

[all figures are in INR Million]

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

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2017	31.03.2016
SHAREHOLDERS FUNDS
1] Proprietor Capital Account		9.587	9.461
2] Reserves & Surplus		0.000	0.000
NETWORTH		9.587	9.461
LOAN FUNDS
1] Secured Loans		0.000	0.000
2] Unsecured Loans		3.157	0.352
TOTAL BORROWING		3.157	0.352
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		12.744	9.813
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.092	4.337
Capital work-in-progress		0.000	0.000
INVESTMENT		1.394	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.218	0.205
	Sundry Debtors	8.314	7.725
	Cash & Bank Balances	2.373	2.891
	Other Current Assets	0.000	0.000
	Loans & Advances	3.094	2.613
Total Current Assets		13.999	13.434
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	4.315	7.505
	Other Current Liabilities	0.426	0.453
	Provisions	0.000	0.000
Total Current Liabilities		4.741	7.958
Net Current Assets		9.258	5.476
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		12.744	9.813

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2017	31.03.2016
	SALES
		Sales and Labour Charges	19.508	24.393
		Other Income	0.000	0.001
		TOTAL	19.508	24.394
Less	EXPENSES
		Cost of Material Goods	11.399	15.211
		Electricity Charges	0.261	0.248
		Accounting Charges	0.026	0.032
		Advertisement Expenses	0.021	0.021
		Audit Fees	0.033	0.034
		Books and Periodicals	0.011	0.014
		Business Promotion Expenses	0.119	0.028
		Consulting Charges	0.048	0.061
		Conveyance and Travelling Expenses	0.126	0.114
		Discount	0.002	0.000
		Employee Welfare Expenses	0.118	0.108
		Factory Expenses	0.080	0.031
		Franking Charges	0.004	0.004
		Freight Charges	0.099	0.030
		Insurance and Registration Charges	0.003	0.021
		Interest on Late Payment	0.000	0.000
		Material Testing Charges	0.086	0.011
		Miscellaneous Expenses	0.062	0.000
		Motor car and Bike Expenses	0.130	0.146
		Municipal Exp	0.005	0.000
		Office Expenses	0.152	0.042
		Other Expenses	3.492	4.822
		TOTAL	16.277	20.978
Less	PROFIT BEFORE INTEREST AND DEPRECIATION AND AMORTISATION		3.231	3.416
Less	FINANCIAL EXPENSES		0.002	0.054
	PROFIT / (LOSS) BEFORE DEPRECIATION AND AMORTISATION		3.229	3.362
Less/ Add	DEPRECIATION/ AMORTISATION		0.372	0.445
	NET PROFIT/ (LOSS)		2.857	2.917

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016
Average Collection Days (Sundry Debtors / Income * 365 Days)	155.56	115.59
Account Receivables Turnover (Income / Sundry Debtors)	2.35	3.16
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	138.17	180.09
Inventory Turnover (Operating Income / Inventories)	14.82	16.66
Asset Turnover (Operating Income / Net Fixed Assets)	1.54	0.79

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.45	0.47
Debt Equity Ratio (Total Liability / Networth)	0.33	0.04
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.82	0.88
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.22	0.46
Interest Coverage Ratio (PBIT / Financial Charges)	1615.50	63.26

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016
Net Profit Margin ((PAT / Sales) * 100)	%	14.65	11.96
Return on Total Assets ((PAT / Total Assets) * 100)	%	16.34	16.41
Return on Investment (ROI) ((PAT / Networth) * 100)	%	29.80	30.83

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016
Current Ratio (Current Assets / Current Liabilities)	1.77	1.62
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.74	1.59
G-Score Ratio Financial (Networth / Total Assets)	0.55	0.53
G-Score Ratio Debt (Debts / Equity Capital)	0.33	0.04
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.77	1.62

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

FINANCIAL ANALYSIS

[all figures are in INR Million]

DEBT EQUITY RATIO

Particular	31.03.2016	31.03.2017
	INR In Million	INR In Million
Proprietor Capital	9.461	9.587
Reserves & Surplus	0.000	0.000
Net worth	9.461	9.587
Secured Loans	0.000	0.000
Unsecured Loans	0.352	3.157
Total borrowings	0.352	3.157
Debt/Equity ratio	0.037	0.329

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2016	31.03.2017
	INR In Million	INR In Million
Sales	24.393	19.508
		(20.026)

NET PROFIT MARGIN

Net Profit Margin	31.03.2016	31.03.2017
	INR In Million	INR In Million
Sales	24.393	19.508
Profit/ (Loss)	2.917	2.857
	11.96%	14.65%

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	No
10	Date of Birth of Proprietor / Partners / Directors	No
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	Yes
18	Major suppliers	No
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	Yes
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 two years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last two years	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

UNSECURED LOANS

PARTICULARS	31.03.2017 (INR In Million)	31.03.2016 (INR In Million)
Industrial equipment and component	2.950	0.352
Loans from Relatives and Friends	0.207	0.000
Total	3.157	0.352

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	Indian Rupees
US Dollar	1	INR 63.67
UK Pound	1	INR 85.90
Euro	1	INR 76.41

INFORMATION DETAILS

Information Gathered by :	PNM
Analysis Done by :	PRY
Report Prepared by :	IND

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	YES
--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.