MIRA INFORM REPORT

Report No. :	510091
Report Date :	24.05.2018

IDENTIFICATION DETAILS

Name :	GOLDCOIN ANGEL CPP FILM PRIVATE LIMITED
Registered Office :	Survey No. 79, N/H 8-B, Village Shapar (Veraval), Taluka Kotda Sangani, Rajkot – 360024, Gujarat
Mob. No.:	91-9638011185 (Mr. Basant Panda)
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	14.06.2016
Com. Reg. No.:	04-092446
Capital Investment / Paid-up Capital :	INR 16.932 Million
CIN No.: [Company Identification No.]	U25200GJ2016PTC092446
GSTN : [Goods & Service Tax Registration No.]	24AAGCG4034P1ZF
IEC No.: [Import-Export Code No.]	2416904477
TAN No.: [Tax Deduction & Collection Account No.]	Not Divulged
PAN No.: [Permanent Account No.]	AAGCG4034P
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Polypropylene Plastic Film and Other Related Products. [Confirmed by Management and As per Memorandum of Association]
No. of Employees :	120 (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

Maximum Credit Limit :	USD 144500
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject was incorporated in the year 2016. It is a Manufacturer of Polypropylene Plastic Film and Other related products. Mr. Basant Panda [General Manager] has provided information about the subject and claimed that subject has commenced its business operations from Mid-2017. However, as per indirect sources, the subject has earned revenue of INR 80.000 Million for the FY 2018 (which could not be verified). The overall financial seems to be average marked by confortable networth base along with average debt coverage indicators. Payment seems to be unknown. In view of aforesaid, the company can be considered for business dealings with some caution.

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	CRISIL
Rating	Long term = BB-
Rating Explanation	Moderate risk of default
Date	30.12.2017

Rating Agency Name	CRISIL
Rating	Short term = A4+
Rating Explanation	Minimal degree of safety and very high credit risk.
Date	30.12.2017

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. Basant Panda
Designation :	General Manager
Contact No.:	91-9638011185
Date :	19.05.2018

LOCATIONS

Registered Office/ Factory :	Survey No. 79, N/H 8-B, Village Shapar (Veraval), Taluka Kotda Sangani, Rajkot – 360024, Gujarat, India
Tel. No.:	Not Available
Mobile No.:	91-9638011185 (Mr. Basant Panda) 91-9510862135 (Mr. Sagar)
Fax No.:	Not Available
E-Mail :	rpc.mca@gmail.com basantpanda256@gmail.com
Website :	http://www.goldcoinangelcppfilms.com/
Location :	Owned
Locality :	Industrial

DIRECTORS

AS ON 31.03.2017

Name :

Mr. Maheshbhai Pansuriya

Designation :

Director

Address :

Ganga 5, Sardarnagar, Opposite Patel Boarding, Mavdi Plot, Rajkot – 360004, Gujarat, India

Date of Birth/Age :

23.09.1976

Date of Appointment :

14.06.2016

PAN No.:

AIEPP6308G

DIN No.:

01846131

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U25202GJ2011PTC065481	GOLDCOIN MULTIPACK PRIVATE LIMITED	18/05/2011	-
U36101MH2014PTC253338	GOLDCOIN PACKAGING PRIVATE LIMITED	18/02/2014	-
U51909GJ2004PTC044087	GOLDCOIN FOAM PRIVATE LIMITED	01/04/2011	-

Name :

Mrs. Aphatsaraphon Radomkit

Designation :

Director

Address :

98/58, Moo-10, Bangmaenang, Bangyai, Nonthaburi 11140 Th

Date of Birth/Age :

13.05.1970

Date of Appointment :

14.06.2016

PAN No.:

BDMPR6526G

Passport No.:

AA2881945

DIN No.:

03336734

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U25200GJ2014PTC079167	GOLDCOIN INDUSTRIES PRIVATE LIMITED	14/08/2014	-
U26999GJ2011PTC064338	THERMALON METALROOF PRIVATE LIMITED	09/03/2011	-
U28112PN2014PTC150857	THERMALON METAL SHEET PRIVATE LIMITED	04/03/2014	-
U74120MH2015PTC261301	GOLDCOIN PLASTOTECH PRIVATE LIMITED	23/01/2015	-

Name :

Mr. Bharat Saubhagyachand Vedia

Designation :

Director

Address :

98/56, Moo 10, Mooban Prueklada, Banmai Road, Bangyai, Nonthaburi - 11140 Th

Date of Birth/Age :

05.12.1970

Date of Appointment :

14.06.2016

PAN No.:

AGFPV2353J

Passport No.:

Z3132762

DIN No.:

03380872

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U25200GJ2014PTC079167	GOLDCOIN INDUSTRIES PRIVATE LIMITED	14/08/2014	-
U26999GJ2011PTC064338	THERMALON METALROOF PRIVATE LIMITED	09/03/2011	-
U28112PN2014PTC150857	THERMALON METAL SHEET PRIVATE LIMITED	04/03/2014	-
U74120MH2015PTC261301	GOLDCOIN PLASTOTECH PRIVATE LIMITED	23/01/2015	-

Name :

Mr. Rameshbhai Bhikhubhai Tilara

Designation :

Director

Address :

Block No. 4, Avadh Residence, Behind Alap Royal, Bapa Sitaram Chowk, Mavdi, Rajkot – 360002, Gujarat, India

Date of Birth/Age :

06.05.1971

Date of Appointment :

14.06.2016

PAN No.:

ACPPT1145E

Aadhar Card No :

737520306445

DIN No.:

03487489

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U25202GJ2011PTC065481	GOLDCOIN MULTIPACK PRIVATE LIMITED	18/05/2011	-
U51909GJ2004PTC044087	GOLDCOIN FOAM PRIVATE LIMITED	01/04/2011	-
U74120MH2015PTC261301	GOLDCOIN PLASTOTECH PRIVATE LIMITED	23/01/2015	-

Name :

Mr. Lalitbhai Goganbhai Pansuria

Designation :

Director

Address :

'Ganga Sagar', Sardar Nagar - 5, Opposite Patel Boarding, Mavdi Plot, Rajkot – 360004, Gujarat, India

Date of Birth/Age :

01.06.1978

Date of Appointment :

14.06.2016

PAN No.:

AIEPP6317M

Passport No.:

N3862445

DIN No.:

03518554

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U25200GJ2014PTC079167	GOLDCOIN INDUSTRIES PRIVATE LIMITED	18/03/2014	-

Name :

Mr. Rohit Kishorbhai Sidpara

Designation :

Director

Address :

"Pitru Ashish", Sardar Nagar-5, Opposite Patel Bording, Mavdi Plot, Rajkot 360004, Gujarat, India

Date of Appointment :

29.01.2018

DIN No.:

08056252

KEY EXECUTIVES

Name :	Mr. Basant Panda
Designation :	General Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 31.03.2017

Names of Shareholders	No. of Shares	Percentage of Holding
Maheshbhai Goganbhai Pansuriya	110200	6.51
Lalitbhai Goganbhai Pansuria	143150	8.45
Rameshbhai Bhikhubhai Tilara	97300	5.75
Bharat Saubhagyachand Vedia	633264	37.40
Aphatsaraphon Radomkit	633207	37.40
Ashvinbhai Goganbhai Pansuriya	76100	4.49
Total	1693221	100.00

AS ON 25.09.2017

Equity Share Breakup	Percentage of Holding
Category
Promoters – Individual/ Hindu Undivided Family – Indian	25.20
Promoters – Individual/ Hindu Undivided Family – Non-resident Indian	37.40
Promoters – Individual/ Hindu Undivided Family – Foreign national [other than NRI]	37.40
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Polypropylene Plastic Film and Other Related Products. [Confirmed by Management and As per Memorandum of Association]
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS (NOT AVAILABLE)

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

Customers :

End Users

Reference:	Reliance
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

· ITC Limited

No. of Employees :

120 (Approximately)

Bankers :

· Bank of India

Main Branch, Para Bazar, M. G. Road, Rajkot – 360001, Gujarat, India

Facilities :

SECURED LOANS	31.03.2017 (INR In Million)
LONG-TERM BORROWINGS
From Banks
Bank Of India TL-096	20.803
Bank Of India TL-097	72.202
SHORT TERM BORROWINGS
Cash Credit Limit from bank (Payable on demand)	19.869
Total	112.874

Auditors :
Name :	R P C and Company Chartered Accountants
Address :	203-204, Race Course Plaza, Near Excise-Custom Bldg., Race Course Ring Road, Rajkot – 360001, Gujarat, India
Tel. No.:	91-281-6543054/ 2457392
PAN No.:	AAJFR1869F
Memberships :	Not Available
Collaborators :	Not Available
Enterprises over which Key Managerial Personnel are able to exercise significant influence (Others) :	· Galaxy Electric Co. · Ganga Enterprise · Thermalon Metal Roof Private Limited

CAPITAL STRUCTURE

AFTER 25.09.2017

Authorised Capital : INR 30.000 Million

Issued, Subscribed & Paid-up Capital : INR 30.000 Million

AS ON 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	INR 10/- each	INR 20.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1693221	Equity Shares	INR 10/- each	INR 16.932 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	16.932
(b) Reserves & Surplus	33.664
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	50.596
(3) Non-Current Liabilities
(a) Long-term borrowings	122.363
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	122.363
(4) Current Liabilities
(a) Short term borrowings	19.869
(b) Trade payables	4.225
(c) Other current liabilities	3.902
(d) Short-term provisions	0.097
Total Current Liabilities (4)	28.093
TOTAL	201.052
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.650
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	151.967
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.740
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	5.485
Total Non-Current Assets	159.842
(2) Current assets
(a) Current investments	0.000
(b) Inventories	1.981
(c) Trade receivables	0.000
(d) Cash and cash equivalents	21.268
(e) Short-term loans and advances	17.942
(f) Other current assets	0.019
Total Current Assets	41.210
TOTAL	201.052

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2017
	SALES
		Revenue from Operations	0.000
		Other Income	0.000
		TOTAL (A)	0.000
Less	EXPENSES
		Cost of Materials Consumed	0.000
		Purchases of Stock-in-Trade	0.000
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	0.000
		Employees benefits expense	0.000
		Other expenses	0.000
		TOTAL (B)	0.000
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.000
Less	FINANCIAL EXPENSES (D)		0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.000
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.000
	PROFIT BEFORE TAX (E-F) (G)		0.000
Less	TAX (H)		0.000
	PROFIT AFTER TAX (G-H) (I)		0.000
	Earnings Per Share (INR)		0.00

PARTICULARS	31.03.2018
Sales Turnover (Approximately)	80.000

The above information has been taken from Indirect Source

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

PARTICULARS	31.03.2017
Current maturity of long term borrowings	3.800
Cash generated from operations	NA
Net Cash (used in) / Generated by Operating	(21.743)

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017
Average Collection Days (Sundry Debtors / Income * 365 Days)	0.00
Account Receivables Turnover (Income / Sundry Debtors)	0.00
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	0.00
Inventory Turnover (Operating Income / Inventories)	0.00
Asset Turnover (Operating Income / Net Fixed Assets)	0.00

LEVERAGE RATIOS

PARTICULARS	31.03.2017
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.77
Debt Equity Ratio (Total Liability / Networth)	2.89
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.56
Fixed Assets to Networth (Net Fixed Assets / Networth)	3.04
Interest Coverage Ratio (PBIT / Financial Charges)	0.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2017
Net Profit Margin ((PAT / Sales) * 100)	%	0.00
Return on Total Assets ((PAT / Total Assets) * 100)	%	0.00
Return on Investment (ROI) ((PAT / Networth) * 100)	%	0.00

SOLVENCY RATIOS

PARTICULARS	31.03.2017
Current Ratio (Current Assets / Current Liabilities)	1.47
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.40
G-Score Ratio Financial (Networth / Total Assets)	0.25
G-Score Ratio Debt (Debts / Equity Capital)	8.62
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.47

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	No
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	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
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	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	Yes
26	Turnover of firm for last one year	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last one year	Yes
30	Major shareholders, if available	Yes
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

INDEX OF CHARGES

CHARGES REGISTERED
SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	DATE OF SATISFACTION	AMOUNT	ADDRESS
1	G16517377	100055728	BANK OF INDIA	29/09/2016	-	-	144000000.0	MAIN BRANCH, PARA BAZAR,M. G. ROAD,RAJKOTGJ360001IN

UNSECURED LOANS

PARTICULARS	31.03.2017 (INR In Million)
LONG-TERM BORROWINGS
Loans from related parties	29.358
Total	29.358

PERFORMANCE OF THE COMPANY

The company is incorporated in the month of June-2016 and has not started any commercial business. During the financial year 2016-17, the statement of profit and loss account is not prepared for the year ended on March 31, 2017.

FIXED ASSETS:

· Factory Land

· Computer System

· Dies And Tools

· Electric Goods And Fittings

· Furniture and Fixtures

· Machinery Installation

· Plant and Machinery

· Building Construction WIP

· CC TV Camera

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	Indian Rupees
US Dollar	1	INR 68.21
UK Pound	1	INR 91.43
Euro	1	INR 80.24

INFORMATION DETAILS

Information Gathered by :	PNM
Analysis Done by :	VAR
Report Prepared by :	BVA

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	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.