MIRA INFORM REPORT

Report No. :	487614
Report Date :	27.01.2018

IDENTIFICATION DETAILS

Name :	DEFIANT TRADERS PRIVATE LIMITED
Registered Office :	208, 2nd Floor, Kamthiya Niketan, Ram Mandir Road, Near Nagar Palika, Bhayander West, Thane – 400101, Maharashtra
Mobile No.:	91-9137059881 (Mr. Shiv Kumar)
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	30.11.2016
Com. Reg. No.:	11-288046
Capital Investment / Paid-up Capital :	INR 0.100 Million
CIN No.: [Company Identification No.]	U52601MH2016PTC288046
IEC No.:	Not Divulged
GSTIN/UIN:	27AAFCD9328J1ZA
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAFCD9328J
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of chemicals, industrial oil paints, fabrics, steel and automation products. (Registered activity and also confirmed by management)
No. of Employees :	02 (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 :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is relatively new company incorporated in November 2016 and it is having moderate track. It is a trader of chemicals, industrial oil paints, fabrics, steel and automation products. For the financial year 2017, the company has achieved decent revenue from its operation but reported very low profitability margin of 0.01%. Rating takes into consideration moderate financial profile of the company marked by modest networth and short track records of business operation. Further, Rating is constrained on account of very low profit during the year, unfavourable gap reported between trade payable and receivables and risk associated with trading nature of business operation. Payments are reported to be slow. In view of aforesaid, the company can be considered for business dealings with safe and secured trade terms and conditions. Note- Site visit was conducted at the address which you have provided. Our executive has successfully traced the company on the given address but the door of the premises was found locked. However, our executive enquired with the neighbor near the given address, who claimed that company is exists at given premises and also provided contact number i.e. 7738758771. As per our executive observation, location of the company is easy to find. Landmark was near Nagar Palika. It is a 4 storey building and company is situated on 2nd floor. Locality of the subject appears to be residential and area seems to be neutral. Name board of the company was not sighted at the given address.

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 27.01.2018

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. Shivkumar Vaidhynath Aasopa
Designation :	Director
Contact No.:	91-9137059881
Date :	24.01.2018

LOCATIONS

Registered Office :	208, 2nd Floor, Kamthiya Niketan, Ram Mandir Road, Near Nagar Palika, Bhayander West, Thane – 400101, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-9137059881 (Shivkumar Vaidhynath Aasopa)
Fax No.:	Not Available
E-Mail :	shivkumardadhich@yahoo.co.in defianttraders@gmail.com
Location:	Rented

DIRECTORS

AS ON 31.03.2017

Name :

Mr. Shivkumar Vaidhynath Aasopa

Designation :

Director

Address :

208, 2nd Floor, Kamthiya Niketan, Ram Mandir Road, Near Nagar Palika, Bhayander West, Thane – 401107, Maharashtra, India

Date of Birth/Age :

15.05.1983

Qualification:

B.Com

Experience:

10 Years

Date of Appointment :

07.12.2016

Addhar card no:

564621843105

PAN No:

AJAPA2585R

DIN No.:

07673352

Other Directorship:

CIN/FCRN	COMPANY NAME	BEGIN DATE	END DATE
U52609MH2016PTC288022	VIVACITY TRADE AND COMMERCE PRIVATE LIMITED	07/12/2016	-

Name :

Mrs. Rajani Shivkumar Aasopa

Designation :

Director

Address :

208, 2nd Floor, Kamthiya Niketan, Ram Mandir Road, Near Nagar Palika, Bhayander West, Thane – 401107, Maharashtra, India

Date of Birth/Age :

08.01.1987

Qualification:

BSC

Experience:

7 Years

Date of Appointment :

07.12.2016

DIN No.:

07673384

Other Directorship:

CIN/FCRN	COMPANY NAME	BEGIN DATE	END DATE
U52609MH2016PTC288022	VIVACITY TRADE AND COMMERCE PRIVATE LIMITED	07/12/2016	-

MAJOR SHAREHOLDERS

AS ON 31.03.2017

Names of Shareholders	No. of Shares	% of Holding
Shivkumar Vaidhynath Aasopa	5000	50.00
Rajani Shivkumar Aasopa	5000	50.00
Total	10000	100.00

BUSINESS DETAILS

Line of Business :	Trader of chemicals, industrial oil paints, fabrics, steel and automation products. (Registered activity and also confirmed by management)
Products:	· Chemicals · Industrial Oil · Fabrics · Steel and Automation Products
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling:	Credit (90 Days)
Purchasing:	Credit (90 Days)

PRODUCTION STATUS – (NOT AVAILABLE)

GENERAL INFORMATION

Suppliers :

Reference :

Twinstar Industries limited

Name of the Person :

Mr. Pratap (Purchase Head)

Contact No.:

91-22-40394410

Since How Long Known :

2 Years

Maximum Limit Dealt :

90 Days

Experience :

Payment Behavior	Market Goodwill	Overall
Excellent	Excellent	Excellent

Remark:

As claimed by Mr. Pratap (Purchase Head) he confirmed that payment behaviors and market goodwill is excellent and overall performance also excellent.

Customers :

Wholesalers, End Users

Reference :

Snowcem Paints Private Limited

Name of the Person :

Mr. Pramit Amin

Contact No.:

91-9819668587(Continuously Ringing)

Since How Long Known :

1 Year

Maximum Limit Dealt :

Against LC and 90 Days

Experience :

Product Quality	Delivery behavior	Overall
--	--	--

Remark:

--

No. of Employees :

02 (Approximately)

Bankers :

Banker Name :	Kotak Mahindra Bank
Branch :	MIDC, J.B. Nagar Branch, Maharashtra, India
Person Name (With Designation) :	Mr. Prabhat (Assistant Manage)
Contact Number :	91-9930069990
Name of Account Holder :	Defiant Traders Private Limited
Account Number :	0511995550
Account Since (Date/Year of Account Opening) :	2016
Average Balance Maintained :	--
Credit Facilities Enjoyed (CC/OD/Term Loan) :	--
Account Operation :	Both Directors
Remark :	As claimed by Mr. Prabhat Assistant Manager that they are satisfied with the subject company transaction.

Auditors :
Name :	Hardik Machchhar and Associates Chartered Accountants
Address :	223, Shree Naman Plaza, Opposite Shankar Lane, S.V.Road, Kandiwali west, Mumbai – 400067, Maharashtra, India
Tel. No.:	91-22-66228871
E-Mail :	hardikmac@outlook.com
Website:	http://www.hardikmachchharassociates.icai.org.in
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	INR 10/- each	INR 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	INR 10/- each	INR 0.100 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017 (4 Months)
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100
(b) Reserves & Surplus	0.005
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.105
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	1.350
(c) Other current liabilities	0.000
(d) Short-term provisions	0.002
Total Current Liabilities (4)	1.352
TOTAL	1.457
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	0.000
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.643
(c) Trade receivables	0.186
(d) Cash and cash equivalents	0.628
(e) Short-term loans and advances	0.000
(f) Other current assets	0.000
Total Current Assets	1.457
TOTAL	1.457

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017 (4 Months)
	SALES
	Income	43.673
	Other Income	0.000
	TOTAL	43.673
Less	EXPENSES
	Cost of Materials Consumed	0.000
	Purchases of Stock-in-Trade	44.183
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(0.643)
	Employees benefits expense	0.096
	Other expenses	0.030
	TOTAL	43.666
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	0.007
Less	FINANCIAL EXPENSES	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.007
Less/ Add	DEPRECIATION/ AMORTISATION	0.000
	PROFIT/ (LOSS) BEFORE TAX	0.007
Less	TAX	0.002
	PROFIT/ (LOSS) AFTER TAX	0.005
	Earnings / (Loss) Per Share (INR)	0.52

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017 (4 Months)
Current Maturities of Long term debt	NA
Cash generated from operations	0.086
Net cash flows from (used in) operations	0.084

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017 (4 Months)
Average Collection Days (Sundry Debtors / Income * 365 Days)	1.55
Account Receivables Turnover (Income / Sundry Debtors)	234.80
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	11.15
Inventory Turnover (Operating Income / Inventories)	0.01

LEVERAGE RATIOS

PARTICULARS	31.03.2017 (4 Months)
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.93
Debt Equity Ratio (Total Liability / Networth)	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	12.88
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2017 (4 Months)
Net Profit Margin ((PAT / Sales) * 100)	%	0.01
Return on Total Assets ((PAT / Total Assets) * 100)	%	0.34
Return on Investment (ROI) ((PAT / Networth) * 100)	%	4.76

SOLVENCY RATIOS

PARTICULARS	31.03.2017 (4 Months)
Current Ratio (Current Assets / Current Liabilities)	1.08
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.60
G-Score Ratio Financial (Networth / Total Assets)	0.07
G-Score Ratio Debt (Debts / Equity Capital)	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.08

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	Yes
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	No
19	Major customers	No
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 four month	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last four month	Yes
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

Note: Registered office of the company has been shifted from “203, Datta Apartment, Devdoot society, Vij, M.P Road, Dombivli – 421202, Maharashtra, India” to the present address w.e.f.07.12.2016

INDEX OF CHARGE: No Charges Exists for Company

FIXED ASSETS:

• Motor car
• Air conditioner
• Office equipments

OBSERVATION POINTS

Address :	208, 2nd Floor, Kamthiya Niketan, Ram Mandir Road, Near Nagar Palika, Bhayander West, Thane – 400101, Maharashtra, India
Mobile No.:	91-7738758771
Name Board :	Not Sighted
Location:	Easy
Landmark (If Any):	Near Nagar Palika
Total Floors of the building:	04
Subject situated on:	2^nd Floor
Locality:	Residential
Area :	Neutral
Proof of visit:	Photographs

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 63.49
UK Pound	1	INR 90.91
Euro	1	INR 79.06

INFORMATION DETAILS

Information Gathered by :	SHW
Analysis Done by :	PRA
Report Prepared by :	NKTS

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.