MIRA INFORM REPORT

Report No. :	507309
Report Date :	09.05.2018

IDENTIFICATION DETAILS

Name :	RAKSHA HOUSE
Registered Office :	Gokul Nagar Colony, Infront of Reliance Petrol Pumps, Mahmoorganj, Varanasi– 221010, Uttar Pradesh
Mobile No.:	91-9415204871 (Mr. Shailendra Kumar Agrawal)
Country :	India
Financials (as on) :	31.03.2017 (Detailed financial) 31.03.2018 (Turnover)
Year of Establishment :	1981
Capital Investment / Paid-up Capital :	INR 18.343 Million (As on 31.03.2017)
IEC No.: [Import-Export Code No.]	Not Divulged
PAN No.: [Permanent Account No.]	ABNPA7921J
GSTN : [Goods & Service Tax Registration No.]	09ABNPA7921J1ZF
TIN No.:	Not Divulged
Legal Form :	Sole Proprietary Concern
Line of Business :	Trader and Supplier of electricals goods like wires, cables, switches etc. (Confirmed by management)
No. of Employees :	45 (Approximately)

RATING & COMMENTS

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

MIRA’s Rating :

A

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

Maximum Credit Limit :	USD 52000 (INR in 3495180.00)
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Raksha House is a trader and supplier of electrical goods like wires, cables, switches etc. The concern was started in the year 1981 and is based in Varanasi, India. It is an established proprietary concern having satisfactory track record. For the financial year ended 2017, the concern has achieved healthy operational revenue and has reported fair profit margin at 3.45% (approximately). The concern possesses sound financial profile marked by adequate capital base along with low debt level of the concern The concern also derives strength from its long standing track record of business operations. Trade relations are reported as fair. Business is active. Payments are seems to be usually correct and as per commitments The concern can be considered for business dealings at usual trade terms and conditions. Note: Site visit will be sent in due course

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 31-03-2018.

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 09.05.2018

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. Shailendra Kumar Agrawal
Designation :	Proprietor
Contact No.:	91-9415204871
Date :	05.05.2018

LOCATIONS

Registered Office/Warehouse :	Gokul Nagar Colony, Infront of Reliance Petrol Pumps, Mahmoorganj, Varanasi– 221010, Uttar Pradesh, India
Tel. No.:	Not Available
Mobile No.:	91-9415204871 (Mr. Shailendra Kumar Agrawal)
Fax No.:	Not Available
E-Mail :	rakshahouse@gmail.com
Location:	Owned
Locality :	Commercial
Branch Office:	5, Near- Madza Cinema, Hanuman Katra, Gadoliya, Luxa Road, Varanasi-221001, Uttar Pradesh, India

SOLE PROPRIETOR

Name :	Mr. Shailendra Kumar Agrawal
Designation :	Proprietor
PAN No.:	ABNPA7921J

BUSINESS DETAILS

Line of Business :	Trader and Supplier of electricals goods like wires, cables, switches etc. (Confirmed by management)
Products :	Wires Cables Switches
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash, Cheque and Advance payment
Purchasing :	Cash, Cheque and Advance payment

GENERAL INFORMATION

Suppliers :

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

Customers :

Wholesalers, Retailers, End Users

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

No. of Employees :

45 (Approximately)

Bankers :

Banker Name :	Axis Bank Limited
Branch :	Ground Floor, Araji No. 199/3, 200/2mauja-Tulsipur, Mahmoorganj, Varanasi -221010, Uttar Pradesh, India
Person Name (With Designation) :	--
Contact Number :	91-9454160807 (Continuously ringing)
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 :	--

Facilities :

Secured Loan	31.03.2017 (INR in Million)
C/C From Bank of Baroda	16.011
Axis Bank, T/L A/c	4.595
Total	20.606

Auditors :

Name :

Bajpai and Associates

(C S Bhajpai)

Chartered Accountants

Address :

C-21/4A-1A, 3^rd Floor, Anupam Building, Above Gandhi Khadi Ashram Maldahiya, Varanasi – 221002, Uttar Pradesh, India

Tel No.:

91-542-6452978

Mobile No.:

91-9721281069

Collaborators :

Not Available

Membership :

Not Available

Sister Concern : (Confirmed by management)

• Lighting Solution

CAPITAL STRUCTURE

AS ON 31.03.2017

Particular	31.03.2017 INR in Million
Balance as on 01.04.2016	15.647
Add:
Net profit for the year	8.708
Saving Bank Interest	0.011
Misc. Receipts	0.001
Additions during the year	2.000
Total	26.367
Less:
Advance income tax (AY 2017-18)	1.500
IDS Payment	2.854
LIP Payment	1.195
Personal Drawings	1.472
Self Assessment Tax (AY 2016-17)	0.972
Mediclaim Premium	0.031
Total	8.024
Balance as on 31.03.2017	18.343

FINANCIAL DATA

[all figures are INR Million]

Particulars	31.03.2018
Sales Turnover (Approximately)	350.000

Expected Sales (2018-2019): INR 400.000 Million (Due to business growth)

The above information has been parted by Mr. Shailendra Kumar Agrawal (Proprietor)

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

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2017
EQUITY AND LIABILITIES
1] Proprietor’s Capital		18.343
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		18.343
LOAN FUNDS
1] Secured Loans		20.606
2] Unsecured Loans		7.523
TOTAL BORROWING		28.129
DEFERRED TAX LIABILITIES		0.000
TOTAL		46.472
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		17.409
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	33.365
	Sundry Debtors	41.414
	Cash & Bank Balances	6.494
	Other Current Assets	0.733
	Loans & Advances	0.774
Total Current Assets		82.780
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	51.742
	Other Current Liabilities	1.975
	Provisions	0.000
Total Current Liabilities		53.717
Net Current Assets		29.063
MISCELLANEOUS EXPENSES		0.000
TOTAL		46.472

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017
	SALES
	Income	252.428
	Other Income	22.188
	TOTAL	274.616
Less	EXPENSES
	Cost of good sold	250.028
	Carriage Inward	0.301
	Salaries and Bonus	4.329
	Printing and Stationary	0.054
	repairs and Maintenance	0.163
	Delivery Van And Trolly Expenses	0.383
	Telephone Expenses	0.104
	Legal And Professional Charges	0.339
	Discount	5.862
	Donations	0.003
	Sales Promotion	0.090
	Postage And Courier	0.039
	Miscellaneous Expenses	0.160
	Electricity And Generator Charges	0.183
	Staff Welfare	0.050
	Sales Commission	0.838
	Commercial Tax	0.018
	Shop Rent	0.101
	Vehicle Running Expenses	0.103
	Insurance Charges	0.104
	Shop Expenses	0.084
	Water Tax	0.004
	Audit Fee	0.010
	Travelling and Conveyance	0.313
	TOTAL	263.663
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	10.953
Less	FINANCIAL EXPENSES	1.889
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	9.064
Less/ Add	DEPRECIATION/ AMORTISATION	0.356
	NET PROFIT/ (LOSS)	8.708

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017
Average Collection Days (Sundry Debtors / Income * 365 Days)	59.88
Account Receivables Turnover (Income / Sundry Debtors)	6.10
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	75.53
Inventory Turnover (Operating Income / Inventories)	0.33
Asset Turnover (Operating Income / Net Fixed Assets)	0.63

LEVERAGE RATIOS

PARTICULARS	31.03.2017
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.82
Debt Equity Ratio (Total Liability / Networth)	1.53
Current Liabilities to Networth (Current Liabilities / Net Worth)	3.34
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.95
Interest Coverage Ratio (PBIT / Financial Charges)	5.80

PROFITABILITY RATIOS

PARTICULARS		31.03.2017
Net Profit Margin ((PAT / Sales) * 100)	%	3.45
Return on Total Assets ((PAT / Total Assets) * 100)	%	8.69
Return on Investment (ROI) ((PAT / Networth) * 100)	%	47.47

SOLVENCY RATIOS

PARTICULARS	31.03.2017
Current Ratio (Current Assets / Current Liabilities)	1.35
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.81
G-Score Ratio Financial (Networth / Total Assets)	0.18
G-Score Ratio Debt (Debts / Equity Capital)	1.53
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.35

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	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	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
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 two year	Yes
27	Reasons for variation <> 20%	Yes
28	Estimation for coming financial year	Yes
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

UNSECURED LOANS

PARTICULAR	31.03.2017 (INR in Million)
From friends / relatives	7.523
Total	7.523

FIXED ASSETS

• Cycle
• Car
• Delivery van
• Bike
• Mobile set
• Air conditioner/cooler
• LCD TV and Camera
• Furniture
• Water Purifier and Freezer
• Computer System
• Inverter, Stabilizer, UPS
• Generator

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 66.66
UK Pound	1	INR 90.66
Euro	1	INR 80.00

INFORMATION DETAILS

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

SCORE FACTORS

DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--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.