MIRA INFORM REPORT

Report No. :	494849.3
Report Date :	08.03.2018

IDENTIFICATION DETAILS

Name :	SHALOM AGRO TECH
Registered Office :	11/16, Pallotin Shopping Complex, Convant Junction, Kulasekaram, Kanyakumari – 629161, Tamilnadu
Mobile No.:	91-7200949459 (Mr. Simson Arun Smith)
Country :	India
Financials (as on) :	31.03.2017
Year of Establishment:	2014
Capital Investment / Paid-up Capital :	INR 3.623 Million
CST/ TIN No.:	33496186579
IEC No.: [Import-Export Code No.]	Not Applicable (As informed by the management that firm does not have export and import)
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AQQPA5075K
GSTN : [Goods & Service Tax Registration No.]	33AQQPA5075K1ZN
Legal Form :	Sole Proprietary Concern
Line of Business :	Trading of Agricultural Equipments. (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 :

B

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

Maximum Credit Limit :	USD 10000 (In INR 650850.00)
Status :	Small concern
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small proprietary concern started in the year 2014. It is a trader of agricultural equipment’s. As per available financials of 2017, the concern has reported modest scale of operation but maintained decent profitability margin of 6.89%. However, rating takes into consideration moderate financial risk profile of the concern marked by low cash balance. Further rating is constrained on account of modest scale of revenue profile, short track records of business operation and intensely competitive nature of industry. Trade relations are reported as fair. Business is active. Payments are seems to be slow but correct. The concern can be considered for business dealings with some caution. Note 1: Site visit was conducted at the address which you have provided. However, our executive could not trace the subject at the given address. Further, our executive enquired with neighbour i.e. Mr. C Stephen (Tour’s & Travel’s) who claimed that subject was shifted to another place 1 year ago and our executive found “V.V.M Automobile Spares” currently exists on the given premises. As per executive observation, location seems to be easy to find. Landmark was near Marapadi Road. Locality appears to be commercial. Area seems to be neutral. Again our executive directly contacted to Mr. Simson Arun Smith (Proprietor) and he stated that firm is shifted to “11/16, Pallotin Shopping Complex, Convant Junction, Kulasekaram, Kanyakumari – 629161, Tamilnadu, India.” Note 2: Site visit was conducted at the shifted address i.e. 11/16, Pallotin Shopping Complex, Convant Junction, Kulasekaram, Kanyakumari – 629161, Tamilnadu. Our executive has successfully traced the firm on the given address. At the premises our executive met to Mr. Prashant (Staff) of the firm and he claimed that firm is exists at the given premises from last 1 year. As per our executive observation, location of the firm is easy to find. Landmark was near Kulasekaram Junction. It is a shed type premises. Locality appears to be commercial. Area seems to be upmarket. Area of the premises was 1500 (SQ. FT) and 02 employees were sighted into premises. Name board of the firm was sighted at the given address. Further, our executive also enquired from neighbours i.e. Mr. Vaniyan (Raha Bakers) and Ms. Maya (Chrisbin Stainless Vessels Shop) and they were also confirmed that firm exists on 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 (30.09.2017)	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 08.03.2018

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 :	Mr. Simson Arun Smith
Designation :	Proprietor
Contact No.:	91-7200949459
Date :	04.03.2018

LOCATIONS

Registered Office :	11/16, Pallotin Shopping Complex, Convant Junction, Kulasekaram, Kanyakumari – 629161, Tamilnadu, India
Tel. No.:	Not Available
Mobile No.:	91-7200949459 (Mr. Simson Arun Smith)
Fax No.:	Not Available
Area :	1500 sq. ft. (As per site visit)
Location :	Rented
Locality :	Commercial

SOLE PROPRIETOR

Name :	Mr. Simson Arun Smith
Designation :	Proprietor
PAN No.:	AQQPA5075K

BUSINESS DETAILS

Line of Business :	Trading of Agricultural Equipments. (Confirmed by management)
Products :	Agricultural Equipments
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cheque and Others (NEFT/ RTGS)
Purchasing :	Cheque and Others (NEFT/ RTGS)

GENERAL INFORMATION

Suppliers :

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

Customers :

Wholesalers, Retailers and End Users

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

No. of Employees :

4 (Approximately)

Bankers :

Bank Name	Tamilnad Mercantile Bank
Branch	Not Divulged
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 :	K. Gopinatha Pillai Chartered Accountant
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern:	Not Divulged

CAPITAL STRUCTURE

As on 31.03.2017

CAPITAL ACCOUNT

PARTICULARS	Amount In Million
As per Last Year B/S	3.339
Add: Net Profit	0.470
	3.809
Less: Drawings	0.186
Total	3.623

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2017
SHAREHOLDERS FUNDS
1] Proprietor’s Capital		3.623
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		3.623
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		3.623
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.715
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3.099
	Sundry Debtors	0.349
	Cash & Bank Balances	0.032
	Other Current Assets	0.000
	Loans, Advances and Deposits	0.798
Total Current Assets		4.278
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	1.370
	Provisions	0.000
Total Current Liabilities		1.370
Net Current Assets		2.908
MISCELLANEOUS EXPENSES		0.000
TOTAL		3.623

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017
	SALES
	Income	6.821
	Other Income	0.331
	TOTAL	7.152
Less	EXPENSES
	Cost of Goods Sold	6.047
	Salaries and Wages	0.119
	Accounting Charges	0.007
	Telephone Charges	0.019
	Postage and Telegram	0.003
	Rent	0.024
	Advertisement	0.003
	Petrol and Oil Expenses	0.003
	Vehicle Maintenance	0.007
	Travelling Expenses	0.046
	Electricity Charges	0.005
	Repair and Maintenance	0.004
	Miscellaneous Expenses	0.006
	Freight and Transportation	0.110
	TOTAL	6.403
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	0.749
Less	FINANCIAL EXPENSES	0.159
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.590
Less/ Add	DEPRECIATION/ AMORTISATION	0.120
	NET PROFIT FOR YEAR	0.470

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry Records.

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017
Average Collection Days (Sundry Debtors / Income * 365 Days)	18.68
Account Receivables Turnover ( Income / Sundry Debtors)	19.54
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	0.00
Inventory Turnover (Operating Income / Inventories)	0.24
Asset Turnover (Operating Income / Net Fixed Assets)	1.05

LEVERAGE RATIOS

PARTICULARS	31.03.2017
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.27
Debt Equity Ratio (Total Liability / Networth)	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.38
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.20
Interest Coverage Ratio (PBIT / Financial Charges)	4.71

PROFITABILITY RATIOS

PARTICULARS		31.03.2017
Net Profit Margin [(PAT / Sales) * 100]	%	6.89
Return on Total Assets ((PAT / Total Assets) * 100)	%	9.41
Return on Investment (ROI) ((PAT / Networth) * 100)	%	12.97

SOLVENCY RATIOS

PARTICULARS	31.03.2017
Current Ratio (Current Assets / Current Liabilities)	3.12
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.86
G-Score Ratio Financial (Networth / Total Assets)	0.73
G-Score Ratio Debt (Debts / Equity Capital)	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	3.12

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	No
10	Date of Birth of Proprietor / Partners / Directors	No
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	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	No
26	Turnover of firm for last one year	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

OBSERVATION POINTS - I

Name of Company :	SHALOM AGRO TECH
Address :	16-97B, Pallivillai, Marapadi Road, Arumanai, PO Nagercoil, Kanyakumari - 629163, Tamilnadu, India
Name Board :	Not Sighted
Location :	Easy
Landmark (If any) :	Marapadi Road
Locality:	Commercial
Area :	Neutral
Neighbour’s Interview
Neighbour’s Overview :	Our executive enquired with neighbour i.e. Mr. C Stephen (Tour’s & Travels’) who claimed that subject was shifted to another place 1 year ago.
Proof of visit :	Photographs and Visiting Card

OBSERVATION POINTS - II

Name of Company :	SHALOM AGRO TECH
Address :	11/16, Pallotin Shopping Complex, Convant Junction, Kulasekaram, Kanyakumari – 629161, Tamilnadu, India
Contact No.:	91-7200949459
Person to whom we met :	Mr. Prashant (Staff)
Name Board :	Sighted
Location :	Easy
Landmark (If any) :	Near Kulasekaram Junction
Total floors of the building :	Shed type premises
Locality:	Commercial
Area of premises :	1500 sq. ft.
Area :	Upmarket
No. of employees seen at premises :	2
Visibility Items :	· Telephone · Computers
Neighbour’s Interview
i.Name of company :	Raha Bakers
Contact person name :	Mr. Vaniyan (Staff)
ii.Name of company :	Chrisbin Stainless Vessels Shop
Contact person name :	Ms. Maya
Neighbour’s Overview :	Existence confirmed
Proof of visit :	Photographs

FIXED ASSETS

• Furniture and Fittings
• Electrical and Fittings
• Tools and Equipments
• Mahindra Scorpio
• Two Wheelers
• Cell Phone

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 64.96
UK Pound	1	INR 90.33
Euro	1	INR 80.74

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	PSD
Report Prepared by :	SUD

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.