MIRA INFORM REPORT

Report No. :	494031
Report Date :	01.03.2018

IDENTIFICATION DETAILS

Name :	GHODAWAT BATHIYA FOODS LLP (w.e.f. 02.08.2017)
Formerly Known As :	GHODAWAT TECHNOTEK LLP
Registered Office :	Plot No.438, A/P Chipri, Post- Jaysingpur, Taluka Shirol, District Kolhapur – 416101, Maharashtra
Tel. No.:	91-2322-255023
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	26.08.2016
LLPIN No:	AAH-2327
Total Obligation of Contribution:	INR 3.872 Million
IEC No.: [Import-Export Code No.]	Not Divulged
TIN No:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Limited Liability Partnership
Line of Business :	Manufacturer of Food Products and Beverages. [Registered Activity]
No. of Employees :	Not Divulged

RATING & COMMENTS

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

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Maximum Credit Limit :	USD 11000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a limited liability partnership firm established in the August, 2016. It is a manufacturer of food products and beverages. For the financial year 2017, the firm has earned revenue of INR 0.83 million but has incurred operational loss. Moderate financial profile of the firm is marked modest capital base. Rating is constrained on account of limited track record of the firm. However, rating weakness is partially offset by strong debt coverage indicators due to debt free balance sheet profile. Payments seems to be slow but correct. In view of aforesaid, the subject can be considered for business dealings with some caution.

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 (30.09.2017)	Current Rating (31.12.2017)
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 01.03.2018

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 DENIED

Management non-co-operative (91-2322-255023)

LOCATIONS

Registered Office :	Plot No.438, A/P Chipri, Post- Jaysingpur, Taluka Shirol, District Kolhapur – 416101, Maharashtra, India
Tel. No.:	91-2322-255023
Fax No.:	91-2322-255166
E-Mail :	Rahim.s@ghodawat.com info@ghodawat.com foods@ghodawat.com technotek@ghodawat.com deepak.s@ghodawat.com
Website :	http://ghodawat.com
Corporate Office :	8^th Floor, Unit No.802, Lunkad Sky Vista, Viman nagar, Pune – 411016, Maharashtra, India
Tel. No.:	91-20-65341555
Factory :	Plot No.1A, L.A. T.P., Industrial Estate, Majale, Kolhapur – 416109, Maharashtra, India
Tel. No.:	91-230-2462005

PARTNERS

As on: 31.03.2015

Name :

Mr. Shrenik Sanjay Ghodawat

Designation :

Body Corporate DP Nominee/ Designated Partner

Address :

2549, Sushrey, Yashwant Housing Society, A/P-Jaysingpur, Kolhapur- 416101, Maharashtra, India

Date of Appointment :

30.08.2017

DPIN No.:

02091347

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74900MH1990PTC055935	GHODAWAT WIND-ENERGY PRIVATE LIMITED	28/09/2014	-
U29110MH1993PTC074899	GHODAWAT ENERGY PRIVATE LIMITED	26/09/2016	-
U16000PN2002PTC017370	GHODAWAT FOODS INTERNATIONAL PRIVATE LIMITED	29/09/2016	-
U01122PN2009PTC133605	GHODAWAT AGRO PRIVATE LIMITED	05/03/2009	-
U15411GJ2009PTC057271	GHODAWAT CHEMFOOD PRIVATE LIMITED	16/06/2009	-
U74999PN2016NPL164583	SANJAY GHODAWAT FOUNDATION	20/05/2016	-

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAB-1776	GHODAWAT MANERE DEVELOPERS LLP	13/02/2016	-
AAB-6474	SANJAY GHODAWAT BUILDCON LLP	14/10/2016	-
AAB-9653	GHODAWAT CONSUMER PRODUCTS LLP	10/11/2015	-
AAC-0133	DHYAAN RETAIL LLP	20/01/2014	16/08/2017
AAC-2715	GHODAWAT INFRA LLP	14/10/2016	-
AAC-8460	GHODAWAT RENEWABLES LLP	27/10/2014	-
AAE-2192	GHODAWAT ENERGY SERVICES LLP	22/06/2015	-
AAE-3328	RENOM ENERGY SERVICES LLP	07/07/2015	-
AAE-4544	RENOM SOFTECH LLP	28/07/2015	-

Name :

Mr. Roshan Rajendra Bathiya

Designation :

Designated Partner

Address :

Flat No. 9, Runwal Shikhar, Salisbury Park, Plot No.504, Pune-411037, Maharashtra, India

Date of Appointment :

30.08.2017

DPIN No.:

06897958

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U15490PN2014PTC151896	RICEASY FOOD PRODUCTS PRIVATE LIMITED	21/07/2014	-

Name :

Mr. Sheetalkumar Sudhakar Manere

Designation :

Designated Partner

Address :

Sahawas, 9/34 A, Industrial Estate, Behind Shivecha Maruti, Ichalkaranji - 416115, Maharashtra, India

Date of Appointment :

26.08.2016

DPIN No.:

02251176

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U17111MH1997PTC111803	LORD VENKATESHA YARNS PRIVATE LIMITED	24/11/1997	-
U15311PN2009PTC133849	MAHASHAKTI GRAINS AND MINERALS (INDIA) PRIVATE LIMITED	28/04/2009	-

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAB-1776	GHODAWAT MANERE DEVELOPERS LLP	12/12/2012	-
AAB-6617	GHODAWAT MANERE REALITY LLP	22/07/2013	-
AAE-5983	BIG YES ENTERPRISES LLP	19/08/2015	-
AAE-6310	BIG YES REALTY LLP	25/08/2015	-
AAF-6140	BIG YES TOURS & TRAVELS LLP	02/02/2016	-
AAH-0973	STAR OMG PRODUCTIONS LIMITED LIABILITY PARTNERSHIP	04/08/2016	-

Name :

Mrs. Sanjay Danchand Ghodawat

Designation :

Designated Partner

Address :

2549, Sushrey, Yashwant Housing Society, A/P-Jaysingpur, Kolhapur- 416101, Maharashtra, India

Date of Appointment :

26.08.2016

DPIN No.:

00109933

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U70200KA1994PTC016357	GHODAWAT REALTY PRIVATE LIMITED	01/08/1999	-
U74999KA1995PTC017883	GHODAWAT ENTERPRISES PRIVATE LIMITED	07/12/2007	-
U74900MH1989PTC051168	GHODAWAT POWER PRIVATE LIMITED	08/10/1999	-
U29110MH1993PTC074899	GHODAWAT ENERGY PRIVATE LIMITED	01/04/2007	-
U72200PN1999PTC013214	STAR INFOSYSTEMS PRIVATE LIMITED	01/01/1999	-
U16000PN2002PTC017370	GHODAWAT FOODS INTERNATIONAL PRIVATE LIMITED	21/10/2002	-
U65921PN2007PTC130044	SDG FINANCE AND INVESTMENT PRIVATE LIMITED	25/04/2007	-
U17301PN2008PTC132189	FOURSTAR TEXTILES PRIVATE LIMITED	06/06/2008	-
U01114PN2008PTC133229	GHODAWAT INDUSTRIES (INDIA) PRIVATE LIMITED	10/04/2012	-
U01122PN2009PTC133605	GHODAWAT AGRO PRIVATE LIMITED	05/03/2009	-
U62100PN2016PTC164564	GEPL-DTVPL JOINT VENTURES PRIVATE LIMITED	18/05/2016	-
U74999PN2016NPL164583	SANJAY GHODAWAT FOUNDATION	20/05/2016	-

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAB-1776	GHODAWAT MANERE DEVELOPERS LLP	13/02/2016	-
AAB-3578	GP CORPORATION LLP	12/04/2013	16/07/2014
AAB-6617	GHODAWAT MANERE REALITY LLP	22/07/2013	-
AAB-6474	SANJAY GHODAWAT BUILDCON LLP	16/07/2013	-
AAB-9653	GHODAWAT CONSUMER PRODUCTS LLP	30/12/2013	-
AAC-2715	GHODAWAT INFRA LLP	23/04/2014	-
AAC-3274	GHODAWAT EDUSERVE LLP	28/05/2014	-
AAC-8460	GHODAWAT RENEWABLES LLP	27/10/2014	-
AAE-2192	GHODAWAT ENERGY SERVICES LLP	22/06/2015	-
AAG-1300	GLS ROTO-PRINT LLP	07/04/2016	-
AAG-8854	GHODAWAT PRC FOODS LLP	11/07/2016	-
AAH-0973	STAR OMG PRODUCTIONS LIMITED LIABILITY PARTNERSHIP	04/08/2016	-
AAL-1316	GHODAWAT AYURSTAR LLP	14/11/2017	-

Name :

Mr. Rakesh Vijaychand Ghodawat

Designation :

Partner

Address :

Rajganga, 9th Lane, Post Box No 105, Jayasingpur, Kolhapur – 416101, Maharashtra, India

Date of Appointment :

26.08.2016

DPIN No.:

06384629

Name :

Mrs. Neeta Sanjay Ghodawat

Designation :

Partner

Address :

Sushreya, 2549, Yashwant Co-Operative Housing Society, A/P Jaysingpur, Kolhapur – 416101, Maharashtra, India

Date of Appointment :

26.08.2016

DPIN No.:

00306487

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U70200KA1994PTC016357	GHODAWAT REALTY PRIVATE LIMITED	01/08/1999	-
U74999KA1995PTC017883	GHODAWAT ENTERPRISES PRIVATE LIMITED	07/12/2007	-
U74900MH1989PTC051168	GHODAWAT POWER PRIVATE LIMITED	08/10/1999	-
U72200PN1999PTC013214	STAR INFOSYSTEMS PRIVATE LIMITED	01/01/1999	-
U65921PN2007PTC130044	SDG FINANCE AND INVESTMENT PRIVATE LIMITED	25/04/2007	-
U15411GJ2009PTC057271	GHODAWAT CHEMFOOD PRIVATE LIMITED	16/06/2009	-
U74999PN2016NPL164583	SANJAY GHODAWAT FOUNDATION	20/05/2016	-

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAB-3578	GP CORPORATION LLP	12/04/2013	16/07/2014
AAB-6474	SANJAY GHODAWAT BUILDCON LLP	16/07/2013	14/10/2016
AAC-2715	GHODAWAT INFRA LLP	23/04/2014	14/10/2016
AAC-3274	GHODAWAT EDUSERVE LLP	28/05/2014	-

Name :

Mr. Rajesh Vijaychand Ghodawat

Designation :

Partner

Address :

Rajganga, 9th Lane, Post Box No 105, Jayasingpur, Kolhapur – 416101, Maharashtra, India

Date of Appointment :

26.08.2016

DPIN No.:

06384627

Other Directorship:

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAB-1776	GHODAWAT MANERE DEVELOPERS LLP	22/10/2012	12/12/2012

KEY EXECUTIVES

Name :	Mr. Dilip Dadaso Pange
Designation :	Company Secretary

CONTRIBUTION DETAILS

As on: 31.03.2017

Particular	Amount (INR in Million)
Current Account
Sanjay D. Ghodawat	3.872
Shrenik Sanjay Ghodawat	0.000
Neeta Sanjay Ghodawat	0.000
Sheetalkumar Sudhakar Manere	0.000
Rajesh Vijaychand Ghodawat	0.000
Rakesh Vijaychand Ghodawat	0.000
Total	3.872

Obligation of Contribution	Amount (INR in Million)
Sanjay D. Ghodawat	0.070
Shrenik Sanjay Ghodawat	0.005
Neeta Sanjay Ghodawat	0.005
Sheetalkumar Sudhakar Manere	0.020
Rajesh Vijaychand Ghodawat	0.000
Rakesh Vijaychand Ghodawat	0.000
Total	0.100

BUSINESS DETAILS

Line of Business :	Manufacturer of Food Products and Beverages. [Registered Activity]
Products :	Food Products and Beverages
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Inprintout Creation LLP
Name of the Person :	-
Contact No.:	-
Since How Long Known :	-
Maximum Limit Dealt :	-
Experience :	-
Remark:	-

• Rutu Printers
• Sree Astalaxmi Spinning Mills private Limited
• Swayambhu Exim
• Ciceka Systems

Customers :

Reference :	Not Divulged
Name of the Person :	-
Contact No.:	-
Since How Long Known :	-
Maximum Limit Dealt :	-
Experience :	-
Remark:	-

No. of Employees :

Not Divulkged

Bankers :

• HDFC Bank Limited
• State Bank of India

Bank Name	Bank of Baroda
Branch	-
Person Name (With Designation)	-
Contact Number	-
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)	-

Auditors :
Name :	Anand Vinayak and Associates Chartered Accountants
Address :	Belgaum, Karnataka, India
Memberships No:	211216
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

As on: 31.03.2017

Particular	Amount (INR in Million)
Current Account
Sanjay D. Ghodawat	3.872
Shrenik Sanjay Ghodawat	0.000
Neeta Sanjay Ghodawat	0.000
Sheetalkumar Sudhakar Manere	0.000
Rajesh Vijaychand Ghodawat	0.000
Rakesh Vijaychand Ghodawat	0.000
Total	3.872

Obligation of Contribution	Amount (INR in Million)
Sanjay D. Ghodawat	0.070
Shrenik Sanjay Ghodawat	0.005
Neeta Sanjay Ghodawat	0.005
Sheetalkumar Sudhakar Manere	0.020
Rajesh Vijaychand Ghodawat	0.000
Rakesh Vijaychand Ghodawat	0.000
Total	0.100

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		26.08.2016 to 31.03.2017
EQUITY AND LIABILITIES
(1) Contribution Received
A] Capital Account		3.872
b] Reserves & Surplus		0.000
c] (Accumulated Losses)		0.000
NETWORTH		3.872
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL LOANS		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		3.872
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.554
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.142
	Loan and Advances	0.000
	Deposits	1.457
Total Current Assets		1.599
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.025
	Current Liabilities	0.000
	Provision	0.015
Total Current Liabilities		0.040
Net Current Assets		1.559
MISCELLANEOUS EXPENSES		1.759
TOTAL		3.872

PROFIT & LOSS ACCOUNT

	PARTICULARS		26.08.2016 to 31.03.2017
	SALES
		Income	0.839
		Other Income	0.000
		TOTAL	0.839
Less	EXPENSES
		Raw Material Consumed	0.837
		Administrative Expenses	1.702
		TOTAL	2.539
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(1.700)
Less	FINANCIAL EXPENSES		0.000
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		(1.700)
Less	DEPRECIATION/ AMORTISATION		0.059
	PROFIT/ (LOSS) BEFORE TAX		(1.759)
Less	TAX		0.000
	PROFIT/ (LOSS) AFTER TAX		(1.759)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	26.08.2016 to 31.03.2017
Current Maturities of Long term debt	NA
Cash generated from operations	NA
Net Cash flows from operating activities	NA

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017
Average Collection Days (Sundry Debtors / Income * 365 Days)	0.00
Account Receivables Turnover (Income / Sundry Debtors)	0.00
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	10.90
Inventory Turnover (Operating Income / Inventories)	0.00
Asset Turnover (Operating Income / Net Fixed Assets)	(3.07)

LEVERAGE RATIOS

PARTICULARS	31.03.2017
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.01
Debt Equity Ratio (Total Liability / Networth)	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.01
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.14
Interest Coverage Ratio (PBIT / Financial Charges)	0.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2017
Net Profit Margin ((PAT / Sales) * 100)	%	(209.65)
Return on Total Assets ((PAT / Total Assets) * 100)	%	(44.96)
Return on Investment (ROI) ((PAT / Networth) * 100)	%	(45.43)

SOLVENCY RATIOS

PARTICULARS	31.03.2017
Current Ratio (Current Assets / Current Liabilities)	39.98
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	39.98
G-Score Ratio Financial (Networth / Total Assets)	0.99
G-Score Ratio Debt (Debts / Equity Capital)	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	39.98

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	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	No
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	No
17	Details of sister concerns	No
18	Major suppliers	Yes
19	Major customers	No
20	Banking Details	No
21	Banking facility details	No
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 above seven months	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last above seven months	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	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CAHREGS: NO CHARGES EXISTS FOR COMPANY

FIXED ASSETS:

• Furniture and Fixture
• Office equipment

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 65.10
UK Pound	1	INR 90.45
Euro	1	INR 79.59

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	VRS
Report Prepared by :	MTN

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.