MIRA INFORM REPORT

Report No. :	483781.2
Report Date :	13.01.2018

IDENTIFICATION DETAILS

Name :	RAHINI TRADERS LLP
Registered Office :	House No. 16-1-508, Saidabad, Hyderabad - 500059, Telangana
Mobile No.:	91-9515156794 (Mr. Naresh Kumar Agarwal)
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	02.03.2015
LLPIN :	AAD-4710
Total Obligation of Contribution:	INR 0.040 Million
IEC No.:	Not Applicable (As informed by the management that firm does not have export and import)
GSTIN :	36AATFR6837R1ZX
TAN No.: [Tax Deduction & Collection Account No.]	HYDR10556A
PAN No.: [Permanent Account No.]	AATFR6837R
Legal Form :	Limited Liability Partnership
Line of Business :	Trader of refined vegetable oil, pulses, rice, atta, idly rawa, rice flour and other products. [Registered activity and also confirmed by management]
No. of Employees :	4 (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 :	Recently commenced operations
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject was incorporated in the year 2015. It is a trader of refined vegetable oil and pulses. Mr. Naresh (Partner) has claimed that the subject commenced its operational activity since April 2017. As per the financials of FY 2017, the company possesses moderate financial profile marked by eroded net worth base. Rating is constrained on account of limited business track record. Payments are reported to be unknown. In view of aforesaid, dealings are recommended on safe and secured terms.

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 13.01.2018.

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. Naresh Kumar Agarwal
Designation :	Designated Partner
Contact No.:	91-9515156794
Date :	29.12.2017

LOCATIONS

Registered Office :	House No. 16-1-508, Saidabad, Hyderabad - 500059, Telangana, India
Tel. No.:	Not Available
Mobile No.:	91-9515156794 / 7661911310 (Mr. Naresh Kumar Agarwal) 91-7702036174 (Mr. Dev)
Fax No.:	Not Available
E-Mail :	rahinitradersllp@gmail.com
Location :	Rented
Locality :	Commercial

PARTNERS

As on: 31.03.2017

Name :

Mr. Agarwal Naresh Kumar

Designation :

Designated Partner

Address :

21-1-909, Ghansi Bazar, Hyderabad-500002, Telangana, India

Date of Birth/Age :

08.10.1956

Qualification :

B.Com

Experience :

35 Years

Date of Appointment :

02.03.2015

DPIN No.:

03402658

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U52100TG2011PTC072813	DAYALU FOODS PRIVATE LIMITED	22/02/2011	-

Name :

Ms. Agarwal Sumitra Devi

Designation :

Designated Partner

Address :

21-1-909, Ghansi Bazar, Hyderabad-500002, Telangana, India

Date of Birth/Age :

05.12.1957

Qualification :

B.Com

Experience :

5 Years

Date of Appointment :

02.03.2015

DPIN No.:

03402717

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U52100TG2011PTC072813	DAYALU FOODS PRIVATE LIMITED	22/02/2011	-

KEY EXECUTIVES

Name :	Mr. Dev
Designation :	Accountant

OBLIGATION DETAILS

As on: 31.03.2017

Names of Parson	Obligation of Contribution (INR In Million)
Naresh Agarwal	0.020
Sumitra Agarwal	0.020
Total	0.040

BUSINESS DETAILS

Line of Business :	Trader of refined vegetable oil, pulses, rice, atta, idly rawa, rice flour and other products. [Registered activity and also confirmed by management]
Products :	Vegetable Oil Pulses
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cash and Credit (30 Days)
Purchasing :	Cash and Credit (30 Days)

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Nath Agritrade Private Limited
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

Reference :	Kanhaiya Oil and Agro Foods Private Limited
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

4 (Approximately)

Bankers :

Bank Name	Bank of Baroda
Branch	Malakpet Branch, Hyderabad Telangana, India
Person Name (With Designation)	Ms. Madhuri (Operation Department)
Contact Number	91-40-23465118
Name of Account Holder	Rahini Traders LLP
Account Number	31630200000388
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	--
Account Operation	Satisfactory
Remarks (If any)	Ms. Madhuri (Operation Department) gave positive response about subject company.

Auditors :	Not Available
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2017

Total Obligation Fund	INR Million
Naresh Agarwal	0.020
Sumitra Agarwal	0.020
Total	0.040

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Partners contribution	0.040	0.040
(b) Reserves & Surplus	(0.090)	(0.040)
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	(0.050)	0.000
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.012
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.012
(4) Current Liabilities
(a) Short term borrowings	0.027	0.000
(b) Trade payables	0.000	0.000
(c) Other current liabilities	0.000	0.000
(d) Short-term provisions	0.040	0.010
Total Current Liabilities (4)	0.067	0.010
TOTAL	0.017	0.022
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	0.000	0.000
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	0.000	0.000
(d) Cash and cash equivalents	0.017	0.022
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	0.000	0.000
Total Current Assets	0.017	0.022
TOTAL	0.017	0.022

KEY RATIOS

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	3.94	1.00
Debt Equity Ratio (Total Liability / Networth)	(0.54)	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	(1.34)	0.00
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.00	0.00

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016
Current Ratio (Current Assets / Current Liabilities)	0.25	2.20
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.25	2.20
G-Score Ratio Financial (Networth / Total Assets)	(2.94)	0.00
G-Score Ratio Debt (Debts / Equity Capital)	0.68	0.30
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	0.25	2.20

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

Expected sales Turnover of (2017-2018) = INR 150.000 Million

The above information has been parted by Mr. Naresh Kumar Agarwal (Designated Partner)

FINANCIAL ANALYSIS

[all figures are INR Million]

DEBT EQUITY RATIO

Particular	31.03.2016	31.03.2017
	INR In Million	INR In Million
Partners contribution	0.040	0.040
Reserves & Surplus	(0.040)	(0.090)
Net worth	0.000	(0.050)
Long Term borrowings	0.012	0.000
Short Term borrowings	0.000	0.027
Total borrowings	0.012	0.027
Debt/Equity ratio	0.000	(0.540)

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	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
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 two years	No
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last two years	No
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

UNSECURED LOAN

Unsecured Loan	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Long-term borrowings
Nagendra Prasad	0.000	0.012
Total	0.000	0.012
Short-term borrowings
Nagendra Prasad	0.012	0.000
Shyam Goel	0.015	0.000
Total	0.027	0.012

INDEX OF CAHREGS: NO CHARGES EXISTS FOR LLP

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 63.53
UK Pound	1	INR 86.05
Euro	1	INR 76.53

INFORMATION DETAILS

Information Gathered by :	PRY
Analysis Done by :	GYT
Report Prepared by :	BHG/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.