MIRA INFORM REPORT

Report No. :	482376
Report Date :	15.05.2018

IDENTIFICATION DETAILS

Name :	SHRIJI ENTERPRISE
Registered Office :	Shop No. 78, Marketing Yard, Rajkot Road, P.O. Babra – 365421, Gujarat
Mobile No.:	91-9879588560/9737788560 (Mr. Samir Amirbhai Gangani)
Country :	India
Financials (as on) :	31.03.2017
Date of Establishment :	01.10.2002
Capital Investment / Paid-up Capital :	INR 31.390 Lacs
IEC No.: [Import-Export Code No.]	Not Applicable
GSTN : [Goods & Service Tax Registration No.]	24AGBPG3891N1Z6
TIN No.:	Not Available
PAN No.: [Permanent Account No.]	AGBPG3891N
SSI Reg. No.:	--
Shop & Establishment Certificate No.:	--
Udyog Aadhaar No.:	--
Legal Form :	Sole Proprietary Concern
Line of Business :	Trader of Cotton Bales.
No. of Employees :	3 (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

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a proprietorship concern established in the year 2002. It is a trader of cotton bales. As per the financials of 2017, the concern achieved revenue growth of 13.95% as compared to the previous year along with an average profit margin of 1.64%. The satisfactory financial profile of the concern is marked by sufficient capital base along with negligible debt balance sheet profile. Payment seems to be slow but 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 the address – Shop No 78, Marketing Yard, Rajkot Road, P.O- Babra 365421, Gujarat. Our executive has successfully traced the subject on the address. At the premises, our executive met Samir Amirbhai Gangani (Proprietor). Our executive enquired with neighbour companies (Sayani Accountant and Hariom Trading) As per executive’s observation, it is a shop type premises. Area of premises seems to be 120 sq. ft. and number of employees sighted at the premises were 3. Level of operation is medium. 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 (30.06.2017)	Current Rating (30.09.2017)
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 15.05.2018

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. Samir Amirbhai Gangani
Designation :	Proprietor
Contact No.:	91-9879588560
Date :	09.05.2018

LOCATIONS

Registered Office :	Shop No. 78, Marketing Yard, Rajkot Road, PO Babra – 365421, Gujarat, India
Tel. No.:	91-2791-234570
Mobile No.:	91-9879588560/9737788560/9913590533 (Mr. Samir Amirbhai Gangani)
Fax No.:	Not Available
E-Mail :	srijienterprise@yahoo.com
Area:	120 sq. Ft (At site visit)
Locality :	Commercial (At site visit)

SOLE PROPRIETOR

Name :	Mr. Samir Amirbhai Gangani
Designation :	Proprietor
Address :	Umiya Nagar, Khoja Jumat Vaadi, Babra, Amrreli – 365421, Gujarat, India
Date of Birth/Age :	06.02.1975
PAN No.: :	AGBPG3891N
Aadhaar Card No.:	6308 8733 5321

DETAILS OF GROUP COMPANIES

NIL

BUSINESS DETAILS

Line of Business :	Trader of Cotton Bales.
Products :	Cotton Bales
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	L/C and Cash
Purchasing :	L/C and Cash

GENERAL INFORMATION

Suppliers :

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

Customers :

Wholesalers, Retailers and End Users

• Shivdhara Spinners, (Gujarat)
• Recon Industries (Surat)

Reference :	Nandan Denim, (Ahmedabad)
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

3 (Approximately)

Bankers :

Banker Name :	State Bank of India
Branch :	Near Post Office Road, Opposite Girl’s High School, Jivan Para, Babra, Amreli – 365421, Gujarat, India
Person Name (With Designation) :	Mr. Deepak Gehlot
Tel No.: :	91-2791-233425
Mobile No.:	91-7600040327
Fax No.:	91-2791-233491
Email:	sbi.60036@sbi.co.in
Branch Code:	060036
Account Number :	33273324611
MICR No.:	365002517
IFSC Code:	SBIN0060036
Type of Account :	Cash Credit

Facilities :

(INR In Lacs)

SECURED LOAN	As on 31.03.2017	As on 31.03.2016
SBI CC A/C No. 33273324611	13.223	0.000
SBI Housing Ins Loan A/C No. 32407418271	0.836	0.656
SBI Housing Loan A/c No. 32326384831	9.957	10.828
Total	24.016	11.484

Auditors :
Name :	K R Madhani and Associates Chartered Accountants
Address :	Rajkot, Gujarat, India
Membership No :	128636
Collaborators :	Not Available
Membership :	Not Available
Sister Concern :	--

CAPITAL STRUCTURE

AS ON 31.03.2017

Particulars	INR IN Lacs
Opening Balance	26.448
Add:
Profit during the year	5.578
PPF Interest	0.356
Saving Bank Interest	0.007
NSC Interest	0.048
		32.437
Less:
Withdrawal	0.907
LIC Premium	0.140
		1.047
Total		31.390

FINANCIAL DATA

[all figures are INR Lacs]

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

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2017	31.03.2016	31.03.2015
EQUITY AND LIABILITIES
1] Proprietors Capital Account		31.390	26.448	21.955
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		31.390	26.448	21.955
LOAN FUNDS
1] Secured Loans		24.016	11.484	16.831
2] Unsecured Loans		19.700	16.000	16.000
TOTAL BORROWING		43.716	27.484	32.831
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		75.106	53.932	54.786
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		19.269	17.243	15.909
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		6.544	4.659	3.875
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	10.985	35.029
	Sundry Debtors	114.983	0.000	0.000
	Cash & Bank Balances	4.035	29.548	0.467
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.000	0.100	0.100
Total Current Assets		119.018	40.633	35.596
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	69.459	7.286	0.000
	Other Current Liabilities & Provisions	0.266	1.317	0.594
Total Current Liabilities		69.725	8.603	0.594
Net Current Assets		49.293	32.030	35.002
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		75.106	53.932	54.786

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	340.870	299.150	934.049
	Other Direct Income	1.876	0.000	0.000
	TOTAL	342.746	299.150	934.049
Less	EXPENSES
	Purchases	332.660	249.850	928.667
	(Increase)/Decrease in stock	0.000	35.029	(19.017)
	Other direct expenses	3.446	6.237	18.234
	Sales, Office and Administrative Expenses	0.488	2.382	1.306
	TOTAL	336.594	293.498	929.190
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	6.152	5.652	4.859
Less	FINANCIAL EXPENSES	0.531	0.427	0.409
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	5.621	5.225	4.450
Less/ Add	DEPRECIATION/ AMORTISATION	0.043	0.000	0.000
	NET PROFIT FOR THE YEAR	5.578	5.225	4.450

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	123.12	0.00	0.00
Account Receivables Turnover (Income / Sundry Debtors)	2.96	0.00	0.00
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	0.00	0.00	0.00
Inventory Turnover (Operating Income / Inventories)	0.00	0.51	0.14
Asset Turnover (Operating Income / Net Fixed Assets)	0.32	0.33	0.31

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.30	0.44	0.59
Debt Equity Ratio (Total Liability / Networth)	1.39	1.04	1.50
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.63	0.60	0.73
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.61	0.65	0.72
Interest Coverage Ratio (PBIT / Financial Charges)	11.59	13.24	11.88

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	1.64	1.75	0.48
Return on Total Assets ((PAT / Total Assets) * 100)	%	3.85	8.36	8.04
Return on Investment (ROI) ((PAT / Networth) * 100)	%	17.77	19.76	20.27

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	6.37	2.83	2.47
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	6.37	2.14	0.28
G-Score Ratio Financial (Networth / Total Assets)	0.22	0.42	0.40
G-Score Ratio Debt (Debts / Equity Capital)	1.39	1.04	1.50
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	6.37	2.83	2.47

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
Proprietors Capital Account	21.955	26.448	31.390
Reserves & Surplus	0.000	0.000	0.000
Net worth	21.955	26.448	31.390
Secured Loans	16.831	11.484	24.016
Unsecured Loans	16.000	16.000	19.700
Total borrowings	32.831	27.484	43.716
Debt/Equity ratio	1.495	1.039	1.393

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	934.049	299.150	340.870
		(67.973)	13.946

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	934.049	299.150	340.870
Profit/(Loss)	4.450	5.225	5.578
	0.48%	1.75%	1.64%

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	No
19	Major customers	Yes
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 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

UNSECURED LOAN

(INR In Lacs)

Particulars	As on 31.03.2017	As on 31.03.2016
Amirali Bhimjibhai Gangani	4.100	5.000
Anilbhai Amirali Gangani	2.600	3.000
Jinatben Samirbhai Gangani	7.500	4.000
Nargisben Anilbhai Gangani	5.500	4.000
Total	19.700	16.000

OBSERVATION POINTS

Name of Company :	SHRIJI ENTERPRISES
Address :	Shop No. 78, Marketing Yard, Rajkot Road, PO Babra – 365421, Gujarat, India
Contact No.:	91-9913590533
Person to whom we met:	Name: Mr. Samir Amirbhai Gangani Designation : Proprietor
Name Board :	Sighted
Location:	Easy
Landmark (If Any):	Rajkot Bhavnagar Highway
Total Floors of the building:	Shop type premises
Locality:	Commercial
Area of premises :	120 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:	3
Visibility of Items:	· Telephone · Computers · Air Conditioner · Office Equipment · Xerox Machine
Furniture items sighted :	Yes
Neighbour’s interview :	Name of Company: Sayani Accountant Contact person name : Mr. Rajubhai Sayani Name of Company: Hariom Trading (Mobile No.:91-9426547692) Contact person name : Mr. Manoj Rajput
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. Manoj
Designation:	Field Executive
Contact No.	91-9374177943

PICTURES

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 15.05.2018) (date of report) :

No press reports / filings exists on the subject.

INFORMATION DETAILS

Information Gathered by :	TRU
Analysis Done by :	PRY
Report Prepared by :	KVT

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

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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