MIRA INFORM REPORT

Report No. :	481464
Report Date :	24.05.2018

IDENTIFICATION DETAILS

Name :	EESHA INDUSTRIAL CORPORATION
Registered Office :	Shop No. 16,17,18, Ashwamegh Complex, Kalol Road, At Kadi, District Mahesana-382715, Gujarat
Mobile No.:	91-9624549998 (Mr. Sumit Kumar Khera)
Website :	Not Available
Country :	India
Financials (as on) :	31.03.2017
Date of Establishment:	16.11.2016
Capital Investment / Paid-up Capital :	INR 19.887 Lacs
IEC No.: [Import-Export Code No.]	Not Applicable
TIN No.:	24040902993
CST No:	24540902993
PAN No.: [Permanent Account No.]	AAGFE1076Q
GSTIN : [Goods & Service Tax Registration No.]	24AAGFE1076Q1Z5
Shop & Establishment Certificate No.	--
Udyog Aadhaar No.:	GJ14D0002192 Date: 10.05.2018
Legal Form :	Partnership Concern with an unlimited liability of the partners
Line of Business :	Trader of Hardware Items.
No. of Employees :	04 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B

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

Maximum Credit Limit :	USD 57000
Status :	Relatively New Business
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was originally established as proprietary concern on 16th November 2016 and later on 1st July 2017 it got converted into partnership concern. The subject is engaged as trader of hardware items. As per available financials of March 2017, the concern has achieved sales turnover of INR 250.906 million from its first year of its business operation and has clocked a net profit margin of 2.00% during the year. The concern possesses moderate financial risk profile marked by modest capital base and average debt protection metrics. Rating further gets constrained on account of its short track record of its business operations and its trading nature in highly competitive and fragmented industry. Payment seems to be slow but correct. In view of aforesaid, the concern can be considered for business dealing with some caution. Note 1: The available financials are of proprietary concern for 4 months. Note 2: Site visit was conducted on the registered address and our executive have successfully traced the subject. At the premises our executive met Mr. Sumit Khera (Partner). As per or executive observation, it’s a 3 floor building and subject is situated on ground floor admeasuring total premise area of 900 Sq.Ft. Location is easy to find, Locality seems to be commercial and area near the premises appears to be neutral. Further, our executive have sighted 3 employees at the premises along with some office items such as telephone, fax machine, computers, Xerox machine, office equipment as well as furniture items. The name board of the subject was sighted at the address. Note 3: Mr. Sumit Khera (Partner) confirmed that the subject was originally established as proprietary concern on 16th November 2016 and later on 1st July 2017 it got converted into partnership concern.

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 24.05.2018

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. Sumitkumar Pawankumar Khera
Designation :	Partner
Contact No.:	91-9624549998
Date :	18.05.2018

LOCATIONS

Registered Office :	Shop No. 16,17,18, Ashwamegh Complex, Kalol Road, At Kadi, District Mahesana-382715, Gujarat, India
Tel. No.:	Not Available
Mobile No.:	91-9624549998 / 9045617318(Mr. Sumitkumar Pawankumar Khera) 91-9624559998 (Mrs. Raina Sumitkumar Khera)
E-Mail :	eesha.inds@gmail.com
Area:	900 Sq. Ft. (At Site Visit)
Locality:	Commercial (At Site Visit)

PARTNERS

Name :	Mr. Sumitkumar Pawankumar Khera
Designation :	Partner
Address :	104, Vatsalya Vatika, Kadi, Kalol Road, Kadi, Mahesana-382715, Gujarat, India
Date of Birth/Age :	31.07.1989
PAN No.:	AXYPK4529R
Aadhaar No:	9192 0268 0414
Name :	Mrs. Raina Sumitkumar Khera
Designation :	Partner
Address :	104, Vatsalya Vatika, Kadi, Kalol Road, Kadi, Mahesana-382715, Gujarat, India
Date of Birth/Age :	28.06.1990
PAN No.:	ASOPD3383R
Aadhaar No:	7551 0318 1620

DETAILS OF GROUP COMPANIES

NIL

BUSINESS DETAILS

Line of Business :	Trader of Hardware Items.
Products and Services:	--
Agencies Held :	--
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Suppliers :

• R.R. Welding Corporation, Delhi
• Agrawal Impex, Ahmedabad
• Dharmendra Enterprises, Ahmedabad

Customers :

Wholesalers, Retailers and End Users

• Suzuki Motors Gujarat Private Limited, Gujarat
• Neelmetal Products Limited, Gujarat
• Krishna Maruti Limited, Gujarat

No. of Employees :

04 (Approximately)

Bankers :

Banker Name :	Syndicate Bank
Branch :	S. No.28,29,37,38,39,40,41, Panchvati Square, Opposite Kinara Cinema, Nandasan Kadi Road, Ahmedabad – 382715, Gujarat, India
Name of the Relationship manager	Mr. Tripathi
Contact Number :	91-2764-262030
Mobile No:	91-9427308917
Account Type:	Current Account
Whether lead Bank (Under Consortium)	No
Whether Delighted Transaction Account	Yes
Name of Account Holder :	Eesha Industrial Corporation
Account Number :	71393070000111
MICR No.	380025027
IFSC / NEFT Code	SYNB0007139
Branch Code	7139
Email:	Br.7139@syndicatebank.co.in

Banker Name :	State Bank of India
Branch :	Kadi, Mehsana – 382715, Gujarat, India
Name of the Relationship manager	Mr. Amit
Mobile No:	91-7600067837
Account Type:	Current Account/ Cash Credit
Name of Account Holder :	Eesha Industrial Corporation
Account Number :	36330515521
IFSC / NEFT Code	SBIN0060436

Facilities :

Secured Loan	31.03.2017 (INR in Lacs)
Syndicate Bank	2.511
Total	2.511

Auditors :
Name :	Chirag Vasani and Associates Chartered Accountants
Address :	Gujarat, India
Memberships No:	167337
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern:	Uma Enterprise

LITIGATIONS

NIL

CAPITAL STRUCTURE

As on: 31.03.2017

Particular	(INR in Lacs)
Opening Balance	16.099
Add: Addition During the year	0.163
Less: Withdrawal during the year	(1.400)
Add: Profit / (Loss) for the year	5.024
Total	19.887

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 Records.

SOURCES OF FUNDS		16.11.2016 to 31.03.2017
EQUITY AND LIABILITIES
1] Proprietor’s Capital Account		19.887
2] Reserves & Surplus		0.000
3] (Accumulated Losses)		0.000
NETWORTH		19.887
LOAN FUNDS
1] Secured Loans		2.511
2] Unsecured Loans		32.385
TOTAL BORROWING		34.896
DEFERRED TAX LIABILITIES		0.000
TOTAL		54.783
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		4.103
Capital work-in-progress		0.000
INVESTMENT		0.178
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	4.706
	Sundry Debtors	90.236
	Cash & Bank Balances	4.433
	Other Current Assets	0.000
	Deposits, Loans & Advances	4.070
Total Current Assets		103.445
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	51.682
	Provisions	1.261
Total Current Liabilities		52.943
Net Current Assets		50.502
MISCELLANEOUS EXPENSES		0.000
TOTAL		54.783

PROFIT & LOSS ACCOUNT

	PARTICULARS		16.11.2016 to 31.03.2017
	SALES
		Income	250.906
		Other Income	5.461
		TOTAL	256.367
Less	EXPENSES
		Cost of Goods Sold	225.937
		Operating and Other Expenses	24.713
		TOTAL	250.650
	PROFIT BEFORE DEPRECIATION		5.717
Less	DEPRECIATION		0.692
	NET PROFIT		5.025

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	16.11.2016 to 31.03.2017
Average Collection Days (Sundry Debtors / Income * 365 Days)	131.27
Account Receivables Turnover (Income / Sundry Debtors)	2.78
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	83.49

LEVERAGE RATIOS

PARTICULARS	16.11.2016 to 31.03.2017
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.82
Debt Equity Ratio (Total Liability / Networth)	1.75
Current Liabilities to Networth (Current Liabilities / Net Worth)	4.29
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.21

PROFITABILITY RATIOS

PARTICULARS		16.11.2016 to 31.03.2017
Net Profit Margin ((PAT / Sales) * 100)	%	2.00
Return on Total Assets ((PAT / Total Assets) * 100)	%	4.66
Return on Investment (ROI) ((PAT / Networth) * 100)	%	25.27

SOLVENCY RATIOS

PARTICULARS	16.11.2016 to 31.03.2017
Current Ratio (Current Assets / Current Liabilities)	1.21
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.16
G-Score Ratio Financial (Networth / Total Assets)	0.18
G-Score Ratio Debt (Debts / Equity Capital)	1.75
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.21

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	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	Yes
18	Major suppliers	Yes
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	Yes
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 5 Months	Yes
27	Reasons for variation <> 20%	---
28	Estimation for coming financial year	--
29	Profitability for last 5 Months	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

UNSECURE LOANS

PARTICULAR	31.03.2017 (INR in Lacs)
Ambay Jee Traders	5.000
Gaurav Khera	8.300
Kiran Khera	4.685
Pawan Khera	11.400
Sumit Khera	3.000
Total	32.385

FIXED ASSETS:

• Air Conditioner
• Computer
• Furniture
• Machinery
• Motorcycle
• Printer
• Tools

OBSERVATION POINTS

Name of Company :	EESHA INDUSTRIAL CORPORATION
Address :	Shop No. 16,17,18, Ashwamegh Complex, Kalol Road, At Kadi, District Mahesana-382715, Gujarat
Mobile No.:	91-9624549998
Email:	eesha.inds@gmail.com
Person to whom we met:	Mr. Sumit Kumar Khera (Partner)
Name Board :	Sighted
Location:	Easy
Landmark :	Chattral Highway Road
Total Floors of the building:	Ground Floor + 3 Floor
Subject situated on:	Ground Floor
Locality:	Commercial
Area of premises :	900 Sq. Ft.
Area :	Neutral
Level of operation :	Medium
Details of hypothecation signboard (If Any) (As displayed in factory / work) :	---
No. of employees seen at premises:	03 (Approximately)
Visibility of Items:	Telephone Fax Machine Computers, Xerox Machine Office Equipment
Furniture items sighted :	Yes
Other name on name board:	Uma Enterprise
Proof of visit:	Photograph Photographs: Interior with name board/ Shop Floor / Stock etc.
Details of the person conducting visit:	Name: Mr. Chintan Soni Designation: Executive Field Contact No.: 91-9898596148

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 24.05.2018 (date of report) :

No press reports / filings exists on the subject.

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	NSG
Report Prepared by :	MTN

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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	NO

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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