MIRA INFORM REPORT

Report No. :	496840.3
Report Date :	27.03.2018

IDENTIFICATION DETAILS

Name :	MAKO REXINE HOUSE
Registered Office :	Opposite Panthapalli Nilambur Road, Pathapiriyam, Manjeri - 676123, Kerala
Mobile No.:	91-9447166433 (Mr. Hassan Koya)
Country :	India
Financials (as on) :	Not Divulged
Year of Establishment :	1986
Capital Investment / Paid-up Capital :	Not Divulged
IEC No.: [Import-Export Code No.]	Not Divulged
TIN No.:	Not Available
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
PAN No.: [Permanent Account No.]	Not Divulged
Legal Form :	Sole Proprietary Concern
Line of Business :	Dealer of Wallets, Ladies Purse and PVC Leather Purse. (Confirmed by management)
No. of Employees :	10 (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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a proprietary concern established in the year 1986. It is a dealer of wallet, ladies purse, purse and PVC leather purse. Mr. Hassan Koya (Proprietor) has provided general information about the concern but has denied disclosing any financial details. Rating is constrained on account of absence of financial information to evaluate risk associated with the subject concern. No payment terms are known. In view of aforesaid, the concern can be considered for business dealings with some caution. NOTE: Site visit was conducted at the address which you have provided but our executive could not trace the subject on the given address. At the premises our executive found another company named Flex. Our executive spoke to Mr. Mohammed Aamir proprietor of the company Flex and he claimed that the subject has been shifted from the given address to Pathapiriyam Manjeri, 6 months back. However, he does not know the exact new address of the subject. Our executive contacted Mr. Hassan Koya (Proprietor) but he denied providing new address of the subject. During the visit our executive inquired with the neighbour company Varangot Hardware & Paints and Supriya Traders and they both claimed that the subject has shifted its address 6 months ago. As per our executive’s observation, location was very difficult to find. Locality appears to be commercial. Area seems to be upmarket. Name board of the subject was not sighted at the given address. NOTE 2: Ms. Shivra Banu (Manager) has claimed that the subject has been shifted to Opposite Panthapalli Nilambur Road, Pathapiriyam, Manjeri- 676123, Kerala. NOTE 3: Site visit was conducted at the shifted address and our executive has successfully traced the subject. At the premises our executive met Mr. Hassan Koya (Proprietor) and he provided the contact details. During the visit our executive inquired with the neighbour companies Pets Corner and Nilamboor Furniture and they both claimed that the subject exists on the given address. As per our executive’s observation, it is a shed type premises. Location was easy to find. Locality appears to be commercial. Area seems to be down market. Area of premises is approximately 750 (sq. ft.). 2 employees were sighted in the premises. Name board of the subject was 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 (30.09.2017)	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 27.03.2018

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 (GENERAL DETAILS)

Name :	Mr. Hassan Koya
Designation :	Proprietor
Contact No.:	91-9447166433
Date :	10.03.2018

LOCATIONS

Registered Office :	Opposite Panthapalli Nilambur Road, Pathapiriyam, Manjeri - 676123, Kerala, India
Tel. No.:	Not Available
Mobile No.:	91-9447166433 (Mr. Hassan Koya)
Fax No.:	Not Available
E-Mail :	mako_rexine_house@yahoo.co.in
Area :	750 Sq. ft. (Approximately) (As per site visit)
Locality:	Commercial (As per site visit)

SOLE PROPRIETOR

Name :	Mr. Hassan Koya
Designation :	Proprietor

KEY EXECUTIVE

Name :	Ms. Shivra Banu
Designation :	Manager

BUSINESS DETAILS

Line of Business :	Dealer of Wallets, Ladies Purse and PVC Leather Purse. (Confirmed by management)
Products :	· Wallets · Ladies Purse · PVC Leather Purse
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cash and Cheque
Purchasing :	Cash and Cheque

GENERAL INFORMATION

Suppliers :

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

Customers :

Retailers, End Users

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

No. of Employees :

10 (Approximately)

Bankers :

Banker Name :	Not Divulged
Branch :	--
Person Name (With Designation) :	--
Contact Number :	--
Name of Account Holder :	--
Account Number :	--
Account Since (Date/Year of Account Opening) :	--
Average Balance Maintained :	--
Credit Facilities Enjoyed (CC/OD/Term Loan) :	--
Account Operation :	--
Remark :	--

Auditors :	Not Divulged
Collaborators :	Not Available
Membership :	Not Available
Sister Concern :	--

CAPITAL STRUCTURE

Capital Investment :
Owned :	Not Divulged
Borrowed :	--
Total :	Not Divulged

FINANCIAL DATA

[all figures are INR Million]

NOT DIVULGED

The above information has been denied by Mr. Hassan Koya (Proprietor)

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

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	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	No
19	Major customers	No
20	Banking Details	No
21	Banking facility details	No
22	Conduct of the banking account	--
23	Financials, if provided	No
24	Capital in the business	No
25	Last accounts filed at ROC, if applicable	No
26	Turnover of firm for last three years	No
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	No
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 1

Address :	XVI/291, Calicut Road, Manjeri-676121, Kerala, India
Person to whom we met:	Mr. Mohammed Aamir (Proprietor of the company Flex)
Name Board :	Not Sighted
Location:	Very Difficult
Locality:	Commercial
Area :	Upmarket
Neighbor Interview :	During the visit our executive inquired with the neighbour company Varangot Hardware & Paints and Supriya Traders and they both claimed that the subject has shifted its address 6 months ago.
Proof of visit:	Photographs

OBSERVATION POINTS 2

Name of Company :	MAKO REXINE HOUSE
Address :	Opposite Panthapalli Nilambur Road, Pathapiriyam, Manjeri - 676123, Kerala, India
Mobile No.:	91-9447166433
Person to whom we met:	Mr. Hassan Koya
Designation :	Proprietor
Name Board :	Sighted
Location:	Easy
Landmark (If Any):	Near Panthapalli JN
Total Floors of the building:	Shed type premises
Locality:	Commercial
Area of Premises :	750 Sq. ft. (Approximately)
Area :	Downmarket
No. of Employees seen at Premises :	2
Neighbour Interview :	Name of company : Pets Corner Contact person Name: Mr. Ismail Name of company : Nilamboor Furniture Contact person Name: Mr. Rasheed Neighbour Overview : Existence confirmed
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 64.91
UK Pound	1	INR 91.86
Euro	1	INR 80.26

INFORMATION DETAILS

Information Gathered by :	GYT
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.