MIRA INFORM REPORT

Report No. :	487619
Report Date :	23.01.2018

IDENTIFICATION DETAILS

Name :	EAGLE METALS
Registered Office :	Plot No. 14/17, Badkodhara, Noble Market, N.H. No. 08, Ankleshwar – 393002, Gujarat
Mobile No.:	91-9824102061 (Mr. Ramesh Kumar Moolchand Bohra)
Country :	India
Financials (as on) :	31.03.2016
Year of Establishment :	1997
Capital Investment / Paid-up Capital :	INR 10.863 million (As on 31.03.2016)
IEC No.:	3413007203
TIN No.:	24211400756
GSTIN ::	24ABLPK8063D1ZP
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	ABLPK8063D
Legal Form :	Sole Proprietary Concern
Line of Business :	Trader of steel and ferrous and non-ferrous metal. (Confirmed by management)
No. of Employees :	43 (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 :	Slow but correct
Litigation :	Clear
Comments :	Subject is a proprietary concern established in the year 1997. It is a trader of steel and ferrous and non-ferrous metals. Mr. Ramesh Bohra (Proprietor) has claimed that the concern has achieved sales turnover of INR 250.000 million for the financial year 2017. As per the financial of 2016, the concern has achieved sales turnover of INR 95.000 million and has earned an average profitability margin of 2.64%. The overall financial position of the concern seems to be satisfactory marked by sufficient capital base along with acceptable debt balance sheet profile. Payments are reported to be slow but correct. In view of aforesaid, the concern can be considered for business dealings at usual trade terms and condition.

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 23.01.2018

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. Ramesh Kumar Moolchand Bohra (Viratra)
Designation :	Proprietor
Contact No.:	91-9824102061
Date :	21.01.2018

LOCATIONS

Registered Office :	Plot No 14/17, Badkodhara, Noble Market, N.H. No. 08, Ankleshwar – 393002, Gujarat, India
Tel. No.:	Not Available
Mobile No.:	91-9824102061 (Mr. Ramesh Kumar Moolchand Bohra) 91-9974731311/9327673061 (Office)
Fax No.:	Not Available
E-Mail :	viratraramesh@yahoo.com
Area :	7000 Sq. Ft.
Location :	Owned
Locality:	Commercial
Warehouse :	N. H. 8, Ankleshwar-393002, Gujarat, India

SOLE PROPRIETOR

Name :	Mr. Ramesh Kumar Moolchand Bohra (Viratra)
Designation :	Proprietor
Date of Birth/Age :	41 Years
Qualification :	HSC
Experience :	21 Years
PAN No.:	ABLPK8063D

BUSINESS DETAILS

Line of Business :	Trader of steel and ferrous and non-ferrous metal. (Confirmed by management)
Products :	· Steel · Ferrous · Non-ferrous metal
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Advance Payment, Cheque and Others (RTGS)
Purchasing :	Advance Payment, Cheque and Others (RTGS)

GENERAL INFORMATION

Suppliers :

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

· Chaudhri Scrap Traders

· Gujarat Gardian Limited

· Kanugo Steel India

· Shree Krishna Alloys

Customers :

Retailers and End Users

Reference :	RMG Alloys Steel Limited
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

· Aegis Steel Cast

· Ambica Crushtech Private Limited

· Ambica Engg Works

· Ankleshwar Fabricators

· Dhruv Metals

· Gujarat Marketing

· Kheteshwar Metals

· Komal Enterprises

· Parth Flex Hydralic Engineering

· Praksh Trading Co.

· Ramdev Metal

· Samir Enterprises

· Samir Fabrication

No. of Employees :

43 (Approximately)

Bankers :

Banker Name	State Bank of India
Branch Address	Ankleshwar Industrial Estate, Bharuch – 393002, Gujarat, India
Person Name (With Designation)	--
Contact Number	91-2646-220240 (Continuously 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)	--

Banker Name	HDFC Bank Limited
Branch Address	GIDC, Ankleshwar, Bharuch – 393002, Gujarat, India
Person Name (With Designation)	--
Contact Number	91-9898271111 (Continuously Ringing)
Name of Account Holder	--
Account Number	--
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	Cash Credit : INR 30.000 Million (Not Confirmed with Banker)
Account Operation	--
Remarks (If any)	--

Facilities :

Secured Loan	31.03.2016 (INR in Million)
HDFC CC A/c 129	11.443
HDFC Bank Car Loan	0.526
Total	11.969

Auditors :
Name :	Mandowara Laddha and Associates Chartered Accountants
Address :	Ankleshwar, Bharuch, Gujarat, India
Membership No.:	120203
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern :	Not Available

CAPITAL STRUCTURE

As on 31.03.2016

Proprietors Capital	Amount (INR In Million)
Ramesh M. Bohra
Opening Balance	9.434
Add : Addition During the year	0.303
Add: Profit during the year	2.513
	12.250
Less : Withdrawals	(1.387)
Total	10.863

FINANCIAL DATA

[all figures are in INR Million]

Particulars	31.03.2017
Sales Turnover (Approximately)	250.000
	(Due to Increase in Order)

The above information has been parted by Mr. Ramesh Kumar Moolchand Bohra (Viratra) (Proprietor)

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		31.03.2016
EQUITY AND LIABILITIES
1] Proprietors Capital		10.863
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		10.863
LOAN FUNDS
1] Secured Loans		11.969
2] Unsecured Loans		25.808
TOTAL BORROWING		37.777
DEFERRED TAX LIABILITIES		0.000
TOTAL		48.640
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		4.341
Capital work-in-progress		0.000
INVESTMENT		0.421
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	24.096
	Sundry Debtors	16.228
	Cash & Bank Balances	0.311
	Other Current Assets	0.000
	Loans, Advances and deposits	6.784
Total Current Assets		47.419
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3.529
	Other Current Liabilities	0.000
	Provisions	0.012
Total Current Liabilities		3.541
Net Current Assets		43.878
MISCELLANEOUS EXPENSES		0.000
TOTAL		48.640

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016
	SALES
	Income	95.131
	Other Income	0.015
	TOTAL	95.146
Less	EXPENSES
	Materials	86.617
	Employment	0.576
	Operations	0.311
	TOTAL	87.504
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	7.642
Less	FINANCIAL EXPENSES	4.952
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	2.690
Less/ Add	DEPRECIATION/ AMORTISATION	0.177
	PROFIT/ (LOSS) BEFORE TAX	2.513
Less	TAX	0.000
	PROFIT/ (LOSS) AFTER TAX	2.513

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016
Average Collection Days (Sundry Debtors / Income * 365 Days)	62.26
Account Receivables Turnover (Income / Sundry Debtors)	5.86
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	14.87
Inventory Turnover (Operating Income / Inventories)	0.32
Asset Turnover (Operating Income / Net Fixed Assets)	1.76

LEVERAGE RATIOS

PARTICULARS	31.03.2016
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.79
Debt Equity Ratio (Total Liability / Networth)	3.48
Current Liabilities to Networth (Current Liabilities / Net Worth)	2.70
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.40
Interest Coverage Ratio (PBIT / Financial Charges)	1.54

PROFITABILITY RATIOS

PARTICULARS		31.03.2016
Net Profit Margin ((PAT / Sales) * 100)	%	2.64
Return on Total Assets ((PAT / Total Assets) * 100)	%	4.82
Return on Investment (ROI) ((PAT / Networth) * 100)	%	23.13

SOLVENCY RATIOS

PARTICULARS	31.03.2016
Current Ratio (Current Assets / Current Liabilities)	1.63
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.81
G-Score Ratio Financial (Networth / Total Assets)	0.21
G-Score Ratio Debt (Debts / Equity Capital)	3.48
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.63

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

FINANCIAL ANALYSIS

[all figures are INR Million]

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2016	31.03.2017
	INR In Million	INR In Million
Sales	95.131	250.000 (Approximately)
		162.796

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 two years	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

PARTICULAR	31.03.2016 (INR in Million)
Unsecured Loan	25.808
Total	25.808

Fixed Assets

• Activa Honda
• Bajaj XCD 15%
• CCTV Camera
• Computer System 60%
• Flat Purchase
• Invetor Microtec
• Land (Plot)
• Laptop Dell I 5110
• Machinery Maruti Swift Dzire
• Mobile Phone 15%
• Motor Cycle
• Printer Samsung
• TATA indigo Manga Car
• Weight Kata 10%

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 63.89
UK Pound	1	INR 88.60
Euro	1	INR 78.12

INFORMATION DETAILS

Information Gathered by :	PNM
Analysis Done by :	NIY
Report Prepared by :	JYTK

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.