MIRA INFORM REPORT

Report No. :	498937
Report Date :	04.05.2018

IDENTIFICATION DETAILS

Name :	NEHA ENTERPRISES
Registered Office :	Near Malik Service Station, Sanoli Road, Village Nimbri, Panipat – 132103, Haryana
Mobile No.:	91-9254050603 (Mr. Rajesh Lehnasingh Malik)
Website :	Not Available
Country :	India
Financials (as on) :	31.03.2017
Date of Establishment :	21.08.2008
Capital Investment / Paid-up Capital :	INR 32.935 Lacs
IEC No.: [Import-Export Code No.]	Not Applicable
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
MSME Registration Number/ CA Certificate Date :	--
PAN No.: [Permanent Account No.]	AARPM5672K
GSTN : [Goods & Service Tax Registration No.]	06AARPM5672K1Z1
Udyog Aadhaar No.:	--
Legal Form :	Sole Proprietary Concern
Line of Business :	Manufacturer of Cotton Waste, Raw Cotton.
No. of Employees :	30 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Neha Enterprises is a proprietorship concern established in the year 2008. It is a manufacturer of cotton waste and raw cotton. For the financial year 2017, the concern achieved revenue growth of 15.64% as compared to the previous year along with an average profit margin of 1.99%. The satisfactory financial profile of the concern is marked by sufficient capital base along with debt free balance sheet profile. Payment seems to be usually correct. In view of aforesaid, the concern can be considered for business dealings at usual trade terms and conditions. Note: Site visit was conducted at “Near Malik Service Station, Sanoli Road, Village Nimbri, Panipat – 132103, Haryana. Our executive has successfully traced the subject on the address. At the premises, our met Mr. Rajesh Malik (Proprietor). Our executive enquired with neighbour companies (Malik Service Station and Ashish Handloom) who claimed that the subject is situated on the premises. As per our executive’s observation, it is a shed type premises. Area of premises seems to be 10000 sq. ft. and number of employees sighted at the premises were 30. Locality seems to be commercial and area appears to be neutral. Location was easy to find and we have sighted subject’s name board.

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

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 31.03.2018.

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 04.05.2018.

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. Rajesh Lehnasingh Malik
Designation :	Proprietor
Contact No.:	91-9254050603
Date :	02.04.2018

LOCATIONS

Registered Office/ Factory :	Near Malik Service Station, Sanoli Road, Village Nimbri, Panipat – 132103, Haryana, India
Tel. No.:	Not Available
Mobile No.:	91-9254050603 (Mr. Rajesh Lehnasingh Malik)
Fax No.:	Not Available
E-Mail :	malikpran@gmail.com
Website :	Not Available
Area :	10000 sq. ft. (At site visit)
Locality :	Commercial (At site visit)

SOLE PROPRIETOR

Name :	Mr. Rajesh Lehnasingh Malik
Designation :	Proprietor
Address :	Raja Kheri (25), Rajkheri, Panipat – 132103, Haryana, India
Date of Birth/Age :	04.02.1976
Aadhaar No.:	4839 3503 9430
Mobile No.:	91-9254050603
E-Mail :	malikpran@gmail.com
PAN No.:	AARPM5672K

DETAILS OF GROUP COMPANIES

NIL

BUSINESS DETAILS

Line of Business :	Manufacturer of Cotton Waste, Raw Cotton.
Products :	Cotton Waste Raw Cotton
Agencies Held :	--
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Credit (15 Days)
Purchasing :	Cash

GENERAL INFORMATION

Suppliers :

• S.P.B. Textiles (Coimbatore)
• Pratap Cotex Private Limited (Dholka, Ahmedabad)

Customers :

Manufacturers

• Narmada Spun Private Limited (Rajkot)
• Hi-Spin Industries (Rajkot)
• Kanchan India Limited (Bhilwara)

No. of Employees :

30 (Approximately)

Bankers :

Banker Name :	State Bank of India
Branch :	N K Tower, G T Road, Panipat – 132103, Haryana, India
Name of the Relationship Manager :	Mr. Mange Ram
Tel. No.:	91-180-2649055/53/54
Account No.:	00000065118042683
Account Type :	Current A/C
E-Mail :	sbi.50685@sbi.co.in
IFSC Code :	SBIN0050685
MICR Code :	132002022

Auditors :
Name :	Dinesh Kumar Goel and Company Chartered Accountants
Address :	Salar Ganj Gate, Opposite United Bank of India, Panipat – 132103, Haryana, India
Membership No.:	FRN 011027 N

LITIGATIONS

NIL

CAPITAL STRUCTURE

[INR in Lacs]

AS ON 31.03.2017

CAPITAL A/C OF RAJESH MALIK - PROPRIETOR

PARTICULARS	Amount (INR In Lacs)	PARTICULARS	Amount (INR In Lacs)
To Drawings	2.250	By Opening balance	29.183
		By Net Profit	6.002
To Balance c/d	32.935
Total	35.185	Total	35.185

FINANCIAL DATA

[all figures are INR Lacs]

ABRIDGED BALANCE SHEET

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

SOURCES OF FUNDS		31.03.2017	31.03.2016	31.03.2015
SHAREHOLDERS FUNDS
1] Proprietor’s Capital		32.935	29.183	26.581
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		32.935	29.183	26.581
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	2.500	2.500
TOTAL BORROWING		0.000	2.500	2.500
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		32.935	31.683	29.081
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		21.734	7.963	0.334
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	40.252	37.106	135.302
	Sundry Debtors	8.856	44.358	57.161
	Cash & Bank Balances	1.352	1.484	2.002
	Other Current Assets	0.000	0.251	2.940
	Loans & Advances	0.000	0.000	0.000
Total Current Assets		50.460	83.199	197.405
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	36.967	57.227	156.525
	Other Current Liabilities and Provisions	2.292	2.252	12.133
Total Current Liabilities		39.259	59.479	168.658
Net Current Assets		11.201	23.720	28.747
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		32.935	31.683	29.081

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	301.207	260.459	104.178
	Other Income	0.000	0.000	0.000
	TOTAL	301.207	260.459	104.178
Less	EXPENSES
	Cost of Goods Sold	277.580	243.666	94.654
	FOC	4.510	0.000	0.000
	Electricity Expenses	4.022	1.302	0.000
	Labour Charges	0.401	0.398	0.705
	Freight and Cartage	0.000	4.063	1.597
	Printing and Stationery	0.023	0.075	0.052
	Repair and Maintenance	0.000	0.346	0.317
	Diwali Expenses	0.130	0.000	0.182
	Entertainment Expenses	0.147	0.089	0.073
	Rebate and Discount	0.000	0.159	0.134
	Conveyance Expenses	0.452	0.000	0.000
	Accounting Expenses	0.300	0.240	0.000
	Postage Expenses	0.000	0.025	0.000
	Misc. Expenses	0.025	0.126	0.089
	News Paper and Magzines	0.020	0.014	0.014
	Godown Rent	0.000	0.000	0.960
	Rent	0.000	1.200	0.000
	Audit Fees	0.236	0.000	0.000
	Salary	3.000	2.400	1.800
	Telephone Expenses	0.000	0.150	0.073
	Repair and Maintenance	0.351	0.000	0.000
	TOTAL	291.197	254.253	100.650
	PROFIT/ (LOSS) BEFORE INTEREST, DEPRECIATION AND AMORTISATION	10.010	6.206	3.528
Less	FINANCIAL EXPENSES	0.040	0.000	0.010
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	9.970	6.206	3.518
Less/ Add	DEPRECIATION/ AMORTISATION	3.968	1.405	0.059
	NET PROFIT/ (LOSS) FOR THE YEAR	6.002	4.801	3.459

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	10.73	62.16	200.27
Account Receivables Turnover ( Income / Sundry Debtors)	34.01	5.87	1.82
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	48.61	85.72	603.58
Inventory Turnover (Operating Income / Inventories)	0.25	0.17	0.03
Asset Turnover (Operating Income / Net Fixed Assets)	0.46	0.78	10.56

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.54	0.68	0.87
Debt Equity Ratio (Total Liability / Networth)	0.00	0.09	0.09
Current Liabilities to Networth (Current Liabilities / Net Worth)	1.19	2.12	6.44
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.66	0.27	0.01
Interest Coverage Ratio (PBIT / Financial Charges)	250.25	0.00	352.80

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin [(PAT / Sales) * 100]	%	1.99	1.84	3.32
Return on Total Assets ((PAT / Total Assets) * 100)	%	8.31	5.27	1.75
Return on Investment (ROI) ((PAT / Networth) * 100)	%	18.22	16.45	13.01

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.29	1.34	1.15
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.26	0.74	0.36
G-Score Ratio Financial (Networth / Total Assets)	0.46	0.32	0.13
G-Score Ratio Debt (Debts / Equity Capital)	0.00	0.09	0.09
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.29	1.34	1.15

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are INR Lacs]

DEBT EQUITY RATIO

Particular	31.03.2015	31.03.2016	31.03.2017
	INR In lacs	INR In lacs	INR In lacs
Proprietor’s Account	26.581	29.183	32.935
Reserves & Surplus	0.000	0.000	0.000
Net worth	26.581	29.183	32.935
Secured Loans	0.000	0.000	0.000
Unsecured Loans	2.500	2.500	0.000
Total borrowings	2.500	2.500	0.000
Debt/Equity ratio	0.094	0.086	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2015	31.03.2016	31.03.2017
	INR In lacs	INR In lacs	INR In lacs
Sales	104.178	260.459	301.207
		150.013	15.645

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	INR In lacs	INR In lacs	INR In lacs
Sales	104.178	260.459	301.207
Profit/(Loss)	3.459	4.801	6.002
	3.32%	1.84%	1.99%

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	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	No
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	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

FIXED ASSETS:

· Machinery

· Motor Cycle

· Car

· Laptop

OBSERVATION POINTS

Name of Company :

NEHA ENTERPRISES

Address :

Near Malik Service Station, Sanoli Road, Village Nimbri, Panipat – 132103, Haryana, India

Mobile No.:

91-9254050603

E-Mail :

malikpran@gmail.com

Person to whom we met:

Mr. Rajesh Lehnasingh Malik

Designation :

Proprietor

Name Board :

Sighted

Location:

Easy

Landmark (If Any):

Malik Service Station

Total Floors of the building:

Shed type premises

Locality:

Commercial

Area of premises :

10000 (sq. ft.)

Area :

Neutral

Level of operation :

Medium

Details of hypothecation signboard (If Any) (As displayed in factory / work)

NA

No. of employees seen at premises:

30

Visibility of Items:

• Computers
• Air Conditioner
• Office Equipment
• Xerox Machine

Furniture items sighted :

Bed, Table, Chair, TV, Laptop, Cupboard

Neighbour’s interview :

Name of company :

Malik Service Station

Contact person name :

Mr. Narender

Name of company :

Ashish Handloom

Contact person name :

Mr. Gurbinder

Neighbour’s Overview :

Existence Confirmed

Proof of visit:

Photographs

Photographs

Exterior with name board/ Interior/ Shop Floor/ Stock, etc.

Details of the person conducting visit:

Name:	Mr. Jitendra Kumar
Designation :	Field Executive
Contact No.:	91-7678677301

PICTURES

NEIGHBOURS

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 (as on 04.05.2018 (date of report) :

No press reports / filings exists on the subject.

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	PRI
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.

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