MIRA INFORM REPORT

Report No. :	493867
Report Date :	01.03.2018

IDENTIFICATION DETAILS

Name :	MELLISA BUSINESSES EST LLP
Registered Office :	6^th Floor, 35, Queens Lawn, 967, S.V. Road, Vile Parle (West), Mumbai – 400056, Maharashtra
Tel. No.:	91-22- 67087288 / 89 / 90 /91
Country :	India
Financials (as on) :	19.02.2018 (Provisional)
Date of Incorporation :	26.04.2017
Total Obligation of Contribution:	INR 0.050 Million
LLPIN No.:	AAJ-2715
IEC No.: [Import-Export Code No.]	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	ABFFM5217P
GSTN : [Goods & Service Tax Registration No.]	27ABFFM5217P1ZT
Legal Form :	Limited Liability Partnership
Line of Business :	Trading in Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals, Angles, shapes and sections of iron or non-alloy steel, Aluminium bars, rods and profiles, Other plates, sheets, film, foil and strip, of plastics, non-cellular and not reinforced, laminated, supported or similarly combined with other materials, Woven fabrics of cotton, Containing 85% or more by weight of cotton, weighing more than 200G/M 2 – Unbleasched. (Registered Activity and also Confirmed by management)
No. of Employees :	6 (Approximately)

RATING & COMMENTS

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

MIRA’s Rating :

NB

Credit Rating	Explanation	Rating Comments
NB	New Business	No recommendation can be done due to business in infancy stage

Status :	New Business
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a new limited liability partnership firm started in April 2017. The firm is based in Mumbai, Maharashtra. Mrs. Roshni Jadhav (Administrative Head) provided information and also claimed that the firm has commenced with its commercial operation from same month of establishment. As per available provisional financials up to February 2018, the firm has shown decent revenue from its operational activities. Payment terms are unknown. The limited liability partnership firm can be considered for business dealings on a fully safe and secured trade terms and condition in view of newly started. (Note: Available provisional financials of February 2018 are provided for mere reference)

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 PARTED BY

Name :	Mrs. Roshni Jadhav
Designation :	Administrative Head
Contact No.:	91-9769990787
Date :	22.02.2018

LOCATIONS

Registered Office :	6^th Floor, 35, Queens Lawn, 967, S.V. Road, Vile Parle (West), Mumbai – 400056, Maharashtra, India
Tel. No.:	91-22-67087288 / 89 / 90 /91
Mobile No.:	91-9769990787 (Mrs. Roshni Jadhav)
Fax No.:	Not Available
E-Mail :	mellisallp@mail.com info@bluecross.in
Area :	600 Sq. Ft.
Location:	Owned
Locality:	Commercial
Warehouse :	Taloja Majkur, Taluka Panvel, District Raigad – 410208, Maharashtra, India
Location:	Owned
Locality:	Commercial

PARTNERS

AS ON 2018

Name :

Mr. Siddharth Prakash Bihani

Designation :

Designated Partner

Address :

35, Queens Lawn, 967, S. V. Road, Vile Parle (West), Mumbai – 400056, Maharashtra, India

Date of Birth/ Age:

30.06.1984

Date of Appointment :

26.04.2017

DPIN No.:

01662255

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U32200MH1997PLC109962	BLUE CROSS INFOTEK LIMITED	01/06/2003	-
U51101MH2013PLC241062	BLUE CROSS ROAD SOLUTIONS LIMITED	27/08/2013	-
U51109MH2009PTC197320	BLUE CROSS COMMODITIES PRIVATE LIMITED	25/11/2009	-
U51900MH1982PLC028723	VEEGA HOLDING AND TRADING COMPANY LIMITED	01/06/2003	-

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAJ-3264	ARCO TRADING EST. LLP	03/05/2017	-

Name :

Mr. Santosh Balwant Hutke

Designation :

Designated Partner

Address :

NX5-1, Sanjiva Chawl, Tiranga Village, Opposite IIT, Main Gate, Powai, Mumbai- 400076, Maharashtra, India

Date of Birth/ Age:

06.04.1972

Date of Appointment :

26.04.2017

DPIN No.:

05106801

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U51101MH2013PLC241062	BLUE CROSS ROAD SOLUTIONS LIMITED	16/03/2013	-
U51900MH1985PTC035230	BIJOY MERCANTILE COMPANY PRIVATE LIMITED	09/02/2012	-

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAJ-3059	HARSHVARDHAN COMMERCIALS LLP	01/05/2017	-

KEY EXECUTIVES

Name :	Mrs. Roshni Jadhav
Designation :	Administrative Head

CONTRIBUTION DETAILS

Names of Person	Capital Contribution
Santosh Balwant Hutke	10
Siddharth Prakash Bihani	29990
Total	30000

Total contribution amount INR In 0.030 million

BUSINESS DETAILS

Line of Business :

Trading in Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals, Angles, shapes and sections of iron or non-alloy steel, Aluminium bars, rods and profiles, Other plates, sheets, film, foil and strip, of plastics, non-cellular and not reinforced, laminated, supported or similarly combined with other materials, Woven fabrics of cotton, Containing 85% or more by weight of cotton, weighing more than 200G/M 2 – Unbleasched. (Registered Activity and also Confirmed by management)

Products/ Services :

HSN Code	Description of Goods
2713	Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals
7216	Angles, shapes and sections of iron or non-alloy steel
7604	Aluminium bars, rods and profiles
3920	Other plates, sheets, film, foil and strip, of plastics, non-cellular and not reinforced, laminated, supported or similarly combined with other materials
5209	Woven fabrics of cotton, Containing 85% or more by weight of cotton, weighing more than 200G/M 2 – Unbleasched

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Selling :

Credit (30 Days)

Purchasing :

Credit

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :

Blutec Industries Private Limited

Name of the Person :

Mr. Prithviraj (Manager)

Contact No.:

91-8879799934

Since How Long Known :

About 11 Months

Maximum Limit Dealt :

Depend on order

Experience :

Payment Behaviour	Market Goodwill	Overall
Good	Good	Good

Remark:

As confirmed by Mr. Prithviraj (Manager) that they are satisfied with subject company.

Customers :

Wholesalers, Retailers and Others (Traders)

Reference :

Aqua Designs India Private Limited

Name of the Person :

Mr. Ankit (Purchase Manager)

Contact No.:

91-9867491316

Since How Long Known :

About 11 months

Maximum Limit Dealt :

Depend on order

Experience :

Product Quality	Delivery Behaviour	Overall
Good	Go0d	Good

Remark:

As confirmed by Mr. Ankit (Purchase Manager) that they are satisfied with the subject company.

No. of Employees :

6 (Approximately)

Bankers :

Bank Name	IndusInd Bank Limited
Branch	Ground Floor, Shop No.4, Shatrunjay Plaza, CTS No.36 A and B, S.V. Road, Goregaon (West), Mumbai-400104, Maharashtra, India
Person Name (With Designation)	Ms. Dhanya Santosh (Manager)
Contact Number	91-22-26770663
Name of Account Holder	Mellisa Businesses Est LLP
Account Number	201001744959
Account Since (Date/Year of Account Opening)	06.10.2017
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	Current Account
Account Operation	Satisfactory
Remarks (If any)	Ms. Dhanya Santosh (Manager) gave positive response about subject company.

Auditors :
Name :	S.M. Bhatt and Associates Chartered Accountants
Address :	Mumbai, Maharashtra, India
Memberships :	030696
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

As on 19.02.2018 (Provisional)

Capital account	INR in Million
Siddharth Prakash Bihani	INR 0.050 Million
Total	INR 0.050 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		19.02.2018 (Provisional)
EQUITY AND LIABILITIES
1] Capital Account		0.050
2] Share Application Money		0.000
3] Reserves & Surplus		0.116
4] (Accumulated Losses)		0.000
NETWORTH		0.166
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		0.166
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	52.307
	Sundry Debtors	4.139
	Cash & Bank Balances	0.132
	Other Current Assets	4.650
	Loans & Advances	0.000
Total Current Assets		61.228
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	61.062
	Other Current Liabilities	0.000
	Provisions	0.000
Total Current Liabilities		61.062
Net Current Assets		0.166
MISCELLANEOUS EXPENSES		0.000
TOTAL		0.166

PROFIT & LOSS ACCOUNT

	PARTICULARS	19.02.2018 (Provisional)
	SALES
	Income	18.260
	Other Income	0.000
	TOTAL	18.260
Less	EXPENSES
	Cost of goods sold	18.120
	Conveyance	0.010
	Printing and Stationery	0.010
	Sundry Expenses	0.001
	Tea and Refreshment	0.001
	TOTAL	18.142
	PROFIT/ (LOSS) BEFORE INTEREST	0.118
Less	FINANCIAL EXPENSES	0.002
	NET PROFIT / LOSS	0.116
	IMPORTS
	Raw Materials	70.427
	Total	70.427

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	19.02.2018 (Provisional)
Average Collection Days (Sundry Debtors / Income * 365 Days)	82.73
Account Receivables Turnover (Income / Sundry Debtors)	4.41
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	316.46
Inventory Turnover (Operating Income / Inventories)	0.00
Asset Turnover (Operating Income / Net Fixed Assets)	0.00

LEVERAGE RATIOS

PARTICULARS	19.02.2018 (Provisional)
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	1.00
Debt Equity Ratio (Total Liability / Networth)	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	367.84
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.00
Interest Coverage Ratio (PBIT / Financial Charges)	59.00

PROFITABILITY RATIOS

PARTICULARS		19.02.2018 (Provisional)
Net Profit Margin ((PAT / Sales) * 100)	%	0.64
Return on Total Assets ((PAT / Total Assets) * 100)	%	0.19
Return on Investment (ROI) ((PAT / Networth) * 100)	%	69.88

SOLVENCY RATIOS

PARTICULARS	19.02.2018 (Provisional)
Current Ratio (Current Assets / Current Liabilities)	1.00
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.15
G-Score Ratio Financial (Networth / Total Assets)	0.00
G-Score Ratio Debt (Debts / Equity Capital)	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.00

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	--
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	No
22]	Conduct of the banking account	Yes
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 about 10 months	Yes
27]	Reasons for variation <> 20%	--
28]	Estimation for coming financial year	No
29]	Profitability for last about 10 months	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

INDEX OF CHARGES: 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 65.10
UK Pound	1	INR 79.59
Euro	1	INR 90.45

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	DIV
Report Prepared by :	RKI

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.