MIRA INFORM REPORT

Report No. :	484407
Report Date :	05.01.2018

IDENTIFICATION DETAILS

Name :	SHREE RAMKRISHNA EXPORTS PRIVATE LIMITED
Registered Office :	EE-6011, Bharat Diamond Bourse, "G" Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400005, Maharashtra
Tel. No.:	91-22-40405555 / 43216666
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	02.04.2012
Com. Reg. No.:	11-229115
Capital Investment / Paid-up Capital :	INR 1480.000 Million
CIN No.: [Company Identification No.]	U36912MH2012PTC229115
IEC No.:	0388016299
TAN No.: [Tax Deduction & Collection Account No.]	MUMS73477F
GSTIN :	27AARCS2442Q1ZK
PAN No.: [Permanent Account No.]	AARCS2442Q
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of importer, exporter and manufacturer of cut and polished diamonds and studded jewellery. (Registered activity and also confirmed by management)
No. of Employees :	5000 (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 :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject was established as a sole proprietorship concern in 1964, it was converted to partnership firm in the 1976. The business was transferred to Shree Ramkrishna Exports Private Limited which was incorporated on April 2, 2012. As per Registrar Of Companies the date of balance sheet (i.e. financial filed) is shown as 31-03-2017 but the documents related to the financial for the year 2017 are not available from any sources. For the financial year 2016, the company has increased its revenue from operation as compared to previous year and maintained average profit margin of 3.03%. Rating takes into consideration sound financial profile of the company marked by healthy networth base along with average debt balance sheet. Further, the company also derives strength from its established track record of experienced promoters and SREPL’s reputable position in the Cut and Polished Diamond (CPD) industry along with strong distribution networks in well-diversified markets and long-established relationships with customers. The rating strength is partially offset by the susceptibility of its profitability margins to volatility in diamond prices and fluctuations in foreign exchange rates. Trade relations are fair. Payment terms are reported to be regular. In view of aforesaid, the company can be considered good for normal 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

Rating Agency Name	CARE
Rating	Long Term Rating = A+
Rating Explanation	Adequate degree of safety and low credit risk.
Date	27.09.2017

Rating Agency Name	CARE
Rating	Short Term Rating = A1
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	27.09.2017

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 05.01.2018

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 (GENERAL INFORMATION)

Name :	Mr. Rajendra Patil
Designation :	Export Manager
Contact No.:	91-22-40405555
Date :	04.01.2018

LOCATIONS

Registered Office :	EE-6011, Bharat Diamond Bourse, "G" Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400005, Maharashtra, India
Tel. No.:	91-22-40405555 / 43216666
Fax No.:	91-22-40405500
E-Mail :	account@srkexport.in law@lemonconsulting.net hitesh.italiya@srkexport.in info@srkexport.in vishal.jodhani@srkexport.in isha.dada@astuteconsulting.com legal@ndjco.net ram.pavthawala@srkexport.in
Website :	http://www.srkexport.com http://www.srkexport.in
Location :	Owned
Locality:	Commercial
Corporate Office :	1202, B Wing, The Capital, BKC, Behind ICICI Building, Bandra (East), Mumbai – 400051, Maharashtra, India
Diamond Factory :	'SRK Empire', 99, Vastadevdi Road, Opposite Gayatri Temple, Katargam, Surat - 395004, Gujarat, India
Tel. No.:	91-261-4040555
Fax No.:	91-261-4040550
E-Mail :	surat@srkexport.in
Jewellery Factory :	Plot No. 151, Surat Special Economic Zone, Sachin, Surat – 394230, Gujarat, India
Tel. No.:	91-261-6714444
Fax No.:	91-261-6714445

DIRECTORS

As on 31.03.2017

Name :

Mr. Vashrambhai Bhurabhai Narola

Designation :

Director

Address :

70, Kantareshwar Society, Katar Gam Road, Surat – 395004, Gujarat, India

Date of Birth/Age :

21.03.1942

Qualification :

Primary Education

Date of Appointment :

02.04.2012

PAN No.:

AAYPN0300J

DIN No.:

00523329

Name :

Mr. Shreyansh Govindbhai Dholakia

Designation :

Director

Address :

3, Vrundavandham Society, Katargam Road, Surat – 395004, Gujarat, India

Date of Birth/Age :

21.05.1987

Qualification :

MBA

Date of Appointment :

02.04.2012

PAN No.:

AIHPD0437F

DIN No.:

00523418

Name :

Mr. Arjan Lalji Dholakiya

Designation :

Director

Address :

8/B, Vallabh Nagar Society ,Varachha Road, Surat – 395006, Gujarat, India

Date of Birth/Age :

01.06.1956

Qualification :

Primary Education

Date of Appointment :

02.04.2012

PAN No.:

AAUPD7512Q

DIN No.:

00523491

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U80212GJ2015NPL083560	SHREE RAMKRISHNA KNOWLEDGE FOUNDATION	16/06/2015	-

Name :

Mr. Rahul Nagjibhai Dholakia

Designation :

Director

Address :

5, Gayatri Nagar Society, 5, Katargam Road, Surat – 395004, Gujarat, India

Date of Birth/Age :

12.12.1971

Qualification :

Under Graduate

Date of Appointment :

02.04.2012

PAN No.:

AATPD0680N

DIN No.:

00524017

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U36910MH2004PTC148338	SHREE RAMKRISHNA GEMS PRIVATE LIMITED	01/09/2004	-
U36910MH2004PTC148343	RAMKRISHNA GOLDI PRIVATE LIMITED	01/09/2004	-
U80212GJ2015NPL083560	SHREE RAMKRISHNA KNOWLEDGE FOUNDATION	16/06/2015	-

Name :

Mr. Govindbhai Laljibhai Dholakia

Designation :

Director

Address :

3, Vrundavandham Society, Katargam Road, Surat – 395004, Gujarat, India

Date of Birth/Age :

07.11.1947

Qualification :

Primary Education

Date of Appointment :

02.04.2012

PAN No.:

AATPD0681P

DIN No.:

00524146

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U36910MH2004PTC148338	SHREE RAMKRISHNA GEMS PRIVATE LIMITED	01/09/2004	-
U36910MH2004PTC148343	RAMKRISHNA GOLDI PRIVATE LIMITED	01/09/2004	-
U74140GJ2014NPL081370	SDB DIAMOND BOURSE	28/11/2014	-
U80212GJ2015NPL083560	SHREE RAMKRISHNA KNOWLEDGE FOUNDATION	16/06/2015	-
U91110GJ2000NPL039065	GUJARAT HIRA BOURSE	09/03/2004	-

Name :

Mrs. Champaben Govindbhai Dholakia

Designation :

Director

Address :

3, Vrundavandham Society, Katargam Road, Surat – 395004, Gujarat, India

Date of Birth/Age :

23.09.1954

Date of Appointment :

02.04.2012

PAN No.:

AATPD0667R

DIN No.:

00524249

Name :

Mr. Jayantibhai Vashrambhai Narola

Designation :

Director

Address :

70, Kantareshwar Society, Katar Gam Road, Surat – 395004, Gujarat, India

Date of Birth/Age :

05.06.1964

Qualification :

Primary Education

Date of Appointment :

02.04.2012

PAN No.:

AAKPN1895Q

DIN No.:

00587167

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U36910MH2004PTC148338	SHREE RAMKRISHNA GEMS PRIVATE LIMITED	01/09/2004	-
U36910MH2004PTC148343	RAMKRISHNA GOLDI PRIVATE LIMITED	01/09/2004	-
U80212GJ2015NPL083560	SHREE RAMKRISHNA KNOWLEDGE FOUNDATION	16/06/2015	-

KEY EXECUTIVES

Name :	Mr. Rajendra Patil
Designation :	Export Manager
Name :	Mr. Ankita Govindgopal Gupta
Designation :	Company Secretary
Address :	B – 8, Ashirwad Park, Nandewar Road, Bharuch – 392001, Gujarat, India
Date of Appointment :	07.06.2016
PAN No.:	ASHPG9807A
Address :	Mr. Rajiv Bhupendra Shah
Date of Birth/Age :	Chief Finance Officer
Qualification :	201, B-Wing, Bhoomi Enclave Near Kamla Vihar Sports Club, Mahavir Nagar Mumbai – 400101, Maharashtra, India
Date of Appointment :	18.11.2016
PAN No.:	AAYPS9756P

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2017

Names of Shareholders (Equity)	No. of Shares
Vashrambhai Bhurabhai Narola	1800000
Shreyansh Govindbhai Dholakia	1800000
Arjanbhai Lalji Dholakiya	2700000
Rahulbhai Nagjibhai Dholakia	1800000
Govindbhai Laljibhai Dholakia	5400000
Champaben Govindbhai Dholakia	1800000
Jayantibhai Vashrambhai Narola	2700000
Total	18000000

Names of Shareholders (Preference)	No. of Shares
Vashrambhai Bhurabhai Narola	2129900
Shreyansh Govindbhai Dholakia	6445600
Arjanbhai Lalji Dholakiya	16679800
Rahulbhai Nagjibhai Dholakia	18120900
Govindbhai Laljibhai Dholakia	51895800
Champaben Govindbhai Dholakia	13966900
Jayantibhai Vashrambhai Narola	20761100
Total	130000000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2017

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

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of importer, exporter and manufacturer of cut and polished diamonds and studded jewellery. (Registered activity and also confirmed by management)

Products :

Item Code No.	Product Description
71023910	Cut and Polished Diamonds

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Products :

Finished Goods

Countries :

• Hong Kong
• USA
• Australia

Imports :

Products :

Raw Material

Countries :

• Belgium
• Israel

Terms :

Selling :

Advance Payment and Credit (60 / 90 Days)

Purchasing :

Advance Payment and Credit (60 / 90 Days)

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Alrosa, Rusia DPC Site Holder, London Kiran Gems Private Limited
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

Wholesalers, Retailers and Manufacturer

Reference :	CH Halkimi, USA S Goldi Asia Limited KGK Diamonds H.K. Limited
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

5000 (Approximately)

Bankers :

Bank Name	State Bank of India
Branch	Diamond Branch, Bharat Diamond Bourse, Tower No. D-3, Ground Floor, BKC, Mumbai – 400051, Maharashtra, India
Person Name (With Designation)	--
Contact Number	91-22-26752301 (Number is 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)	--

Bank Name	Bank of India
Branch	Bharat Diamond Bourse Branch, D-2/D-4, Ground Floor, West Core, “G” Block, B.K.C., Bandra (East), Mumbai – 400051, Maharashtra, India
Contact Number	91-22-26752300 (Number is ringing)

Facilities :

Secured Loan	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Short-term borrowings
Working capital loans from banks	10674.384	11306.117
(C Guarantee i) Personal Guarantee of all the Directors of the Company ii) Personal Guarantee of Mrs. Jinal Dholakia iii) Corporate Guarantee of Shree Ram Diamex Private Limited)
Total	10674.384	11306.117

Auditors :
Name :	Suresh Surana and Associates Chartered Accountants
Address :	308-309, A-Wing, Technopolies Knowledge Park, Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAPFS9735B
Memberships :	Not Available
Collaborators :	Not Available
Subsidiaries :	Ramkrishna Goldi Private Limited, India U36910MH2004PTC148343
Subsidiaries : (As on 30.09.2017)	Shree Ramkrishna Gems Private Limited U36910MH2004PTC148338
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	The Jewelry Co., India Jewel Goldi (India), India Shree Ram Diamex Private Limited, India U36100GJ2008PTC053168 Sahajanand Diamonds, India Dholakia Charitable Trust, India Matushri Santokben Laljibhai Dholakia Charitable Trust, India Shree Ramkrishna Welfare Trust, India Swa. Fulima Nathubhai Narola Charitable Trust, India Shree Ramkrishna Charitable Trust, India Samast PAtidar Aaogya Trust, India Shivam Polishing LLP, India Krishna Darshan LLP, India Santokben Laljidada Dholakia Welfare Trust

CAPITAL STRUCTURE

As on 31.03.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	INR 10/- each	INR 200.000 Million
130000000	Preference Shares	INR 10/- each	INR 1300.000 Million
			INR 1500.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
18000000	Equity Shares	INR 10/- each	INR 180.000 Million
130000000	Preference Shares	INR 10/- each	INR 1300.000 Million
			INR 1480.000 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2016	31.03.2015	31.03.2014
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1480.000	1480.000	1480.000
(b) Reserves & Surplus	6324.248	4430.765	2663.563
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	7804.248	5910.765	4143.563
(3) Non-Current Liabilities
(a) long-term borrowings	1117.424	1117.424	861.224
(b) Deferred tax liabilities (Net)	0.000	0.000	11.674
(c) Other long term liabilities	1.000	0.000	0.000
(d) long-term provisions	5.705	4.727	2.870
Total Non-current Liabilities (3)	1124.129	1122.151	875.768
(4) Current Liabilities
(a) Short term borrowings	10674.384	11306.117	8203.102
(b) Trade payables	5032.326	4625.797	6107.320
(c) Other current liabilities	52.288	36.684	101.640
(d) Short-term provisions	0.634	0.525	0.319
Total Current Liabilities (4)	15759.632	15969.123	14412.381
TOTAL	24688.009	23002.039	19431.712
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1458.307	1564.958	1470.579
(ii) Intangible Assets	0.199	0.326	0.167
(iii) Capital work-in-progress	81.209	36.596	41.621
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	50.973	45.901	45.901
(c) Deferred tax assets (net)	19.216	12.055	0.000
(d) Long-term Loan and Advances	220.840	200.002	239.217
(e) Other Non-current assets	148.593	123.769	41.647
Total Non-Current Assets	1979.337	1983.607	1839.132
(2) Current assets
(a) Current investments	139.182	132.020	124.236
(b) Inventories	15072.562	13735.019	12286.064
(c) Trade receivables	5776.137	5801.618	4523.913
(d) Cash and cash equivalents	1237.038	1177.377	434.243
(e) Short-term loans and advances	464.353	150.765	206.811
(f) Other current assets	19.400	21.633	17.313
Total Current Assets	22708.672	21018.432	17592.580
TOTAL	24688.009	23002.039	19431.712

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	SALES
	Revenue from Operations	62581.322	60002.493	46428.895
	Other Income	324.000	84.200	368.515
	TOTAL	62905.322	60086.693	46797.410
Less	EXPENSES
	Cost of Materials Consumed	56272.731	53156.519	47715.943
	Purchases of Stock-in-Trade	429.743	356.319	108.055
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(542.516)	(288.611)	(5567.327)
	Employees benefits expense	120.191	118.257	48.318
	CSR Expenditure	36.566	31.368	0.000
	Expenditure on production, transportation and other expenditure pertaining to exploration and production activities	2636.335	2388.128	1631.332
	Exceptional Items	0.000	0.000	(27.841)
	Other expenses	618.88	772.745	522.806
	TOTAL	59571.931	56534.725	44431.286
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	3333.392	3551.968	2366.124
Less	FINANCIAL EXPENSES	574.555	852.731	350.260
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	2758.837	2699.237	2015.864
Less/ Add	DEPRECIATION/ AMORTISATION	236.482	290.572	186.454
	PROFIT/ (LOSS) BEFORE TAX	2522.355	2408.665	1829.410
Less	TAX	628.872	637.838	575.139
	PROFIT/ (LOSS) AFTER TAX	1893.483	1770.827	1254.271
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	3816.593	2049.391	796.504
	Adjustments as per Companies Act, 2013	NA	3.625	1.384
	Balance Carried to the B/S	NA	3816.593	2049.391
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	60709.797	57154.675	44939.600
	TOTAL EARNINGS	60709.797	57154.675	44939.600
	IMPORTS
	Raw Materials	55356.982	51575.296	45523.890
	Components and Stores parts	54.488	9.334	16.707
	Capital Goods	52.393	763.221	42.524
	TOTAL IMPORTS	55463.863	52347.851	45583.121
	Earnings / (Loss) Per Share (INR)	105.19	98.38	69.68

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016	31.03.2015	31.03.2014
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	1781.095	(1054.471)	(1247.591)
Net cash flow from operating activity	1125.534	(1785.341)	(1716.229)

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Average Collection Days (Sundry Debtors / Income * 365 Days)	33.69	35.29	35.56
Account Receivables Turnover (Income / Sundry Debtors)	10.83	10.34	10.26
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	32.39	31.55	46.61
Inventory Turnover (Operating Income / Inventories)	0.22	0.26	0.19
Asset Turnover (Operating Income / Net Fixed Assets)	2.16	2.22	1.56

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.68	0.74	0.79
Debt Equity Ratio (Total Liability / Networth)	1.51	2.10	2.19
Current Liabilities to Networth (Current Liabilities / Net Worth)	2.02	2.70	3.48
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.20	0.27	0.36
Interest Coverage Ratio (PBIT / Financial Charges)	5.80	4.17	6.76

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin ((PAT / Sales) * 100)	%	3.03	2.95	2.70
Return on Total Assets ((PAT / Total Assets) * 100)	%	7.67	7.70	6.45
Return on Investment (ROI) ((PAT / Networth) * 100)	%	24.26	29.96	30.27

SOLVENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Ratio (Current Assets / Current Liabilities)	1.44	1.32	1.22
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.48	0.46	0.37
G-Score Ratio Financial (Networth / Total Assets)	0.32	0.26	0.21
G-Score Ratio Debt (Debts / Equity Capital)	7.97	8.39	6.12
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.44	1.32	1.22

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

FINANCIAL ANALYSIS

[all figures are INR Million]

DEBT EQUITY RATIO

Particular	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Share Capital	1480.000	1480.000	1480.000
Reserves & Surplus	2663.563	4430.765	6324.248
Share Application money pending allotment	0.000	0.000	0.000
Net worth	4143.563	5910.765	7804.248
Long Term borrowings	861.224	1117.424	1117.424
Short Term borrowings	8203.102	11306.117	10674.384
Total borrowings	9064.326	12423.541	11791.808
Debt/Equity ratio	2.188	2.102	1.511

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Sales	46428.895	60002.493	62581.322
		29.235	4.298

NET PROFIT MARGIN

Net Profit Margin	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Sales	46428.895	60002.493	62581.322
Profit	1254.271	1770.827	1893.483
	2.70%	2.95%	3.03%

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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
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	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
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

Subject (the Company) is a Private Limited Company incorporated in India under the provisions of the Companies Act, 1956 on 2 April 2012 by conversion of Partnership firm (Shree Ramkrishna Export), having its registered office at EE-6011, Bharat Diamond Bourse, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051. The Company is engaged in the business of import, export and manufacturing of cut and polished diamonds and studded jewellery.

COMPANY'S PERFORMANCE:

For the financial year ended March 31, 201, the Company has recorded a strong revenue and margin performance. The Company has recorder strong turnover of INR 62581.300 Million in the financial year as compared to INR 60000.000 Million in the year 2014-15. The diamond industry is being hit by the recession and there is a subsequent downfall of the industry but the company has earned a profit in this period leading to a steady raise in the income in trading and manufacturing of Diamonds. The Company has earned profit of INR 1893.400 Million approximately in the financial year 2015-16 as compared to INR 1770.800 Million in the previous year 2014-15.

UNSECURED LOAN

Unsecured Loan	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Long-term Borrowings
Deposits from directors	1117.424	1117.424
Total	1117.424	1117.424

INDEX OF CHARGES:

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	G01664937	10353037	Bank of India	02/04/2012	16/03/2016	-	16634800000.0	Bharat Diamond Bourse, Mid Corporate Branch, D2/D4Ground Floor, West Core G Block, B.K.C. Bandra (E)MumbaiMH400051IN
2	C57379448	10521158	Bank of India	30/08/2014	-	20/06/2015	840000000.0	Bharat Diamond Bourse Branch, D-2/D-4, Ground Flr,West Core, G Block, BKC, Bandra (E),MumbaiMH400051IN
3	C56116890	10538524	The Saraswat Co-op Bank Ltd BKC Branch	15/12/2014	-	06/06/2015	280000000.0	Gr Fl,Madhava Commercial Premises Coop Soc PlotNo.C-4,E Block, Bandra Kurla Complex, Bandra EastMumbaiMH400051IN
4	B96343926	10439741	Bank of India	03/07/2013	-	03/02/2014	550000000.0	Bharat Diamond Bourse Branch, D-2/D-4, West Core,Ground Floor, G-Block, BKC, Bandra (E),MumbaiMH400051IN
5	B96344346	10367137	Bank of India	02/07/2012	-	03/02/2014	100000000.0	Bharat Diamond Bourse Br. D-2 / D-4, Gr. Floor,West Core,G Block, Bandra Kurla Complex, Bandra(E)MumbaiMH400051IN
6	B96345053	10363802	Bank of India	02/06/2012	-	03/02/2014	780000000.0	Bharat Diamond Bourse Br. D-2 / D-4, Gr. Floor,West Core,G Block, Bandra Kurla Complex, Bandra(E)MumbaiMH400051IN
7	B95604179	10470445	State Bank of India	20/12/2013	-	01/02/2014	324700000.0	Diamond Branch, Bharat Diamond Bourse, 'G' Block,Bandra Kurla Complex, Bandra(East),MumbaiMH400051IN
8	B95098877	10450057	INDUSIND BANK LTD.	14/08/2013	-	27/01/2014	135000000.0	INDUSIND HOUSE,425, DADASAHEB BHADKAMKAR MARG,MUMBAIMH400004IN
9	B72607930	10372431	Standard Chartered Bank	01/08/2012	-	21/03/2013	850000000.0	Abhijeet II, Ground FloorNear Mithkali Six RoadsAhmedabadGJ380006IN
10	B72607203	10377279	HDFC BANK LIMITED	09/08/2012	-	16/03/2013	400000000.0	HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN

CONTINGENT LIABILITIES:

(INR in million)

PARTICULARS	31.03.2016	31.03.2015
Other money for which company is contingently liable	339.242	294.164

FIXED ASSETS

• Land
• Buildings
• Office building
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Motor vehicles
• Office equipment
• Computer equipments

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 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 63.39
UK Pound	1	INR 85.74
Euro	1	INR 76.24

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	PRD
Report Prepared by :	SUJ

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	YES
--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.