MIRA INFORM REPORT

Report Date :

08.08.2011

IDENTIFICATION DETAILS

Name :	KIMS HEALTH CARE MANAGEMENT LIMITED (w.e.f. 20.10.2006)
Formerly Known As :	THE GREAT INDIA HEALTH CARE MANAGEMENT LIMITED
Registered Office :	Kumarapuram Poonthi Road, Anamukham P.B. No.1, Anayara P.O., Trivandrum – 695 029, Kerala
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	17.08.1995
Com. Reg. No.:	09-009336
Capital Investment / Paid-up Capital :	Rs.496.200 millions
CIN No.: [Company Identification No.]	U85110KL1995PLC009336
TAN No.: [Tax Deduction & Collection Account No.]	TVDT00511A
PAN No.: [Permanent Account No.]	AABCTY2300C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Providing Health Care Services.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 2426000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a well established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered normal for business dealings at usual trade terms and conditions.

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 – April 1, 2010

Country Name	Previous Rating (31.12.2009)	Current Rating (01.04.2010)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	Kumarapuram Poonthi Road, Anamukham P.B. No.1, Anayara P.O., Trivandrum – 695 029, Kerala, India
Tel. No.:	91-471-3041000/ 2447575/ 2557165
Fax No.:	91-471-2446535
E-Mail :	cosec@kimskerala.com marketing@kimskerala.com
Website :	http://www.kimskerala.com

DIRECTORS

As on 29.09.2010

Name :	Dr. Sahadulla Mohammed Illias
Designation :	Chairman cum Managing Director
Address :	Mullasseri Sasthavattom, Murukumpuzha, Trivandrum – 695 302, Kerala, India
Date of Birth/Age :	04.06.1945
Date of Appointment :	17.08.1995
DIN No.:	00600608
Name :	Dr. Govindan Vijayaraghavan
Designation :	Whole-Time Director
Address :	11, No.D15, Jawahar Nagar, Jawahar Nagar PO, Trivandrum – 680 029, Kerala, India
Date of Birth/Age :	18.09.1942
Date of Appointment :	17.08.1995
DIN No.:	00751450
Name :	Mr. Najeeb Ellias Mohammed
Designation :	Whole-Time Director
Address :	66, RPD Marg, Kuravankonal, Kowdiar, Trivandrum, Kerala, India
Date of Birth/Age :	10.12.1954
Date of Appointment :	17.08.1995
DIN No.:	00100234
Name :	Mr. Abdul Raheem Chamnad
Designation :	Director
Address :	241, 388, Raheems, 2, Kalamassery, Ernakulam – 682 024, Kerala, India
Date of Birth/Age :	12.06.1950
Date of Appointment :	17.08.1995
DIN No.:	02243301
Name :	Dr. Ravindran Pillai Balakrishna Pillai
Designation :	Director
Address :	Sreevalsom, Thevally, Kollam – 691 009, Kerala, India
Date of Birth/Age :	25.06.1960
Date of Appointment :	29.06.2001
DIN No.:	00944821
Name :	Dr. Yoosuph Abdul Nazer
Designation :	Whole-Time Director
Address :	TC 2, 521-1, Madathuvila Lane, Medical College Lane, Medical College PO, Trivandrum – 695 011, Kerala, India
Date of Birth/Age :	12.06.1954
Date of Appointment :	01.09.2006
DIN No.:	00823198
Name :	Mr. Radhakrishnan Khalayil
Designation :	Director
Address :	242, Khalayil Hill Gardens, Kuttanrlloor, Thrissur – 680 014, Kerala, India
Date of Birth/Age :	01.12.1956
Date of Appointment :	29.06.2001
DIN No.:	01500866
Name :	Mr. Muraleedharan Kesavan
Designation :	Director
Address :	Revathy, Eroor PO, Anchal, Kollam, Kerala, India
Date of Birth/Age :	10.05.1955
Date of Appointment :	29.06.2001
DIN No.:	01222390
Name :	Mr. Narayanan Sathyadevan
Designation :	Director
Address :	Sun Beam, Sudassanad PO, Alapuzha, Kerala, India
Date of Birth/Age :	31.10.1947
Date of Appointment :	10.12.2001
DIN No.:	00048368
Name :	Mr. Ajayachandran Nair
Designation :	Director
Address :	Meena, TC 36, 1690, 1, Subhash Nagar, Trivandrum – 695 008, Kerala, India
Date of Birth/Age :	07.05.1960
Date of Appointment :	10.12.2001
DIN No.:	00784306
Name :	Dr. Sheriff Sahadulla Mohammad
Designation :	Director
Address :	Rastanura, Madakal, Karapuzha PO, Kottayam – 696 003, , Kerala, India
Date of Birth/Age :	11.07.1970
Date of Appointment :	28.03.2002
DIN No.:	00210484
Name :	Mr. Madackel Gopalan Pushpakaran
Designation :	Director
Address :	Sivalayam, Madakal, Karapuzha PO, Kottayam – 696 003, , Kerala, India
Date of Birth/Age :	22.02.1945
Date of Appointment :	28.03.2002
DIN No.:	00781449
Name :	Mr. Jalal Dheen
Designation :	Director
Address :	House No.284, TC 2, 3271, 2, Kulagara lane, Pattom, Trvandrum – 695 004, Kerala, India
Date of Birth/Age :	15.05.1948
Date of Appointment :	26.06.2001
DIN No.:	01065117
Name :	Mr. K. Jalaluddin
Designation :	Director
Address :	Cotton Hill Height, Opposite Tagore Theatre, Vazhutacaud, Trivandrum – 695 014, , Kerala, India
Date of Birth/Age :	28.10.1954
Date of Appointment :	29.06.2002
Name :	Mr. G. Raghavan
Designation :	Director
Address :	Kuzhi Villamele Veedu, Uchakada PO, Kulathur, Trivandrum, Kerala, India
Date of Birth/Age :	15.04.1950
Date of Appointment :	29.06.2002
Name :	Mr. J.M. Abdul Aziz
Designation :	Director
Address :	Bambi House, Venjarmoodu PO, Trivandrum – 695 023, Kerala, India
Date of Appointment :	29.09.2003
Name :	K.M. Kader
Designation :	Director
Address :	The Baby Shop LLC, PO Box 23003, Qatar
Date of Birth/Age :	01.06.1950
Date of Appointment :	29.06.2003
Name :	Neeleshwar Bhatnagar
Designation :	Director
Address :	QA 298 C, Pithampura West, New Delhi, India
Date of Birth/Age :	12.06.1960
Date of Appointment :	23.08.2005
Name :	V. Radhalrishanan
Designation :	Director
Address :	Valiyaveedu, Karumadi PO, Ambalapuzha, Alapuzha, Kerala, India
Date of Birth/Age :	14.12.1952
Date of Appointment :	29.06.2003
Name :	Dr. Mohamed M.A.
Designation :	Director
Address :	Erattupetta Kandoor, Erattupetta, Kottayam – 686 121, Kerala, India
Date of Birth/Age :	25.05.1948
Date of Appointment :	29.09.2003
Name :	Mr. Mukthar Ahmed Koya
Designation :	Director
Address :	Meena Manzil, Lakshmi Nada, Kollam – 691 013, Kerala, India
Date of Birth/Age :	05.11.1955
Date of Appointment :	29.06.2001
DIN No.:	00199027
Name :	Mr. Nazaruddin P.M.
Designation :	Director
Address :	Thenammakal House, Near Rani Hospital, Kanji Rappally PO, Kottayam – 686 507, Kerala, India
Date of Birth/Age :	20.05.1961
Date of Appointment :	23.08.2005
Name :	Mr. Alukkas Varghese Joy
Designation :	Director
Address :	Alukkas House, Kuriachira PO, Chelakkattukara, Trichur – 680 006, Kerala, India
Date of Birth/Age :	04.06.1956
Date of Appointment :	25.09.2001
DIN No.:	00313967
Name :	Kunju Kutty Aniyan Kunju
Designation :	Director
Address :	Puthenveedu, Anchal PO, Kollam – 691 306, Kerala, India
Date of Birth/Age :	07.05.1963
Date of Appointment :	29.09.2003
Name :	Krishna Pillai Jayaram
Designation :	Director
Address :	No.33, II Street, Gill Nagar, Choolai Medu, Chennai – 600 094, Tamilnadu, India
Date of Birth/Age :	31.10.1950
Date of Appointment :	23.08.2005
Date of Ceasing :	25.03.2011
DIN No.:	02100085
Name :	Sheik Meeran Liaqet Alikhan
Designation :	Director
Address :	Mera 59, 2, Chalakuzhy Road, Medical College PO, Trivandrum – 695 011, Kerala, India
Date of Birth/Age :	01.05.1945
Date of Appointment :	23.08.2005
Name :	T.C. Wilson
Designation :	Director
Address :	Theckanath House, Okkal PO, Thannipuzha, Ernakulam – 683 550, Kerala, India
Date of Birth/Age :	30.05.1961
Date of Appointment :	23.08.2005
Name :	Mr. Ellias Iqubal
Designation :	Whole-Time Director
Address :	Mullassery House, Sasthavattom PO, Perumkuzhy Road, Trivandrum – 690 305, Kerala, India
Date of Birth/Age :	18.05.1951
Date of Appointment :	23.08.2005
DIN No.:	00050616
Name :	Thilakan B. Tharayil
Designation :	Director
Address :	Tharayil House, Kombara, Irinjalakuda, Thrissur, Kerala, India
Date of Birth/Age :	28.07.1961
Date of Appointment :	23.08.2005
Name :	A.K. Assif
Designation :	Director
Address :	Medayil Veedu, T.B. Junction, Neyyatinkara, Trivandrum, Kerala, India
Date of Birth/Age :	19.05.1961
Date of Appointment :	29.06.2001
DIN No.:	00605596
Name :	Mr. Thenammakkal Meerannan Nasarudeen
Designation :	Director
Date of Appointment :	29.06.2001
DIN No.:	02467028
Name :	Mr. Mohamed Mattakompanal Abdul Khader
Designation :	Director
Date of Appointment :	29.09.2003
DIN No.:	00169699

KEY EXECUTIVES

Name :	Binu Kundoor Balakrishna Pillai
Designation :	Secretary
Address :	Kundoor House, Koorkanchery PO, Thrissur – 690 007, Kerala, India
Date of Birth/Age :	30.05.1976
Date of Appointment :	15.07.2006
PAN No.:	AKYPB7241A

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2010

Names of Shareholders	No. of Shares
Sahadulla M.I.	1799396
Vijayaraghavan G	131075
Najeeb E.M	766358
Thajudeen M.	236470
Iqbal E.	140170
Sankaran Jayaramdas	107000
Sheriff.M.Sahadulla	583333
Muraleedharan K.	1035000
Abdul Wahab PV.	107000
Raveendran Pillai B.	545700
Air Travel Enterprises India Limited, India	1809122
Aboobacker Kunju Asiff	577800
Ajayachandran Nair K.G	749000
Sathyadevan N.	802500
Radhakrishnan V	969166
Neeleshwar Bhatnagar	835000
K.M. Kader	701666
Kunju Kutty Aniyan Kunju	802500
Krishna Pillai Jayaram	802500

As on 22.12.2010

Names of Allottees	No. of Shares
M. Abdul Vahad	40000
Isaac P. Thomas	30000
Duraj Philip Mathew	600
Total	70600

As on 25.03.2011

Names of Allottees	No. of Shares
Christy P. Thomas	30000
Sabeer Sainullabdeen	345
John Daniel	12900
Ajmel A. Puthawala	90439
A.M. Nisar Syed	180919
Susy Thomas	827
Total	315430

As on 29.09.2010

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	5.00
Directors or relatives of directors	44.00
Other top fifty shareholders	17.00
Others	34.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Providing Health Care Services.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

v Union Bank of India, Chalai Bazar Branch, Trivandrum – 695 036, Kerala, India

v State Bank of India, Commercial Branch, Sree Ganesh Kripa, Hotel Jas Lok Road, Thycaud, Trivandrum – 695 014, Kerala, India

v HDFC Bank Limited, Vazuthacaud Branch

v ICICI Bank Limited, Medical College, Trivandrum

v Andhra Bank

v Axis Bank

v Canara Bank, Cantonment, Trivandrum

Facilities :

Secured Loans	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions	31.03.2008 Rs. In Millions	31.03.2007 Rs. In Millions
Union Bank of India, Chalai branch, Trivandrum, Rupee Term Loan-240025 [Secured bythe first charge on Land and Building, Medical equipment and other fixed assets (excluding cathlab, Cardiac surgery equipments and vehicles financed by other lenders) and second charge on cathlab and Cardiac surgery equipment] in addition to the personal guarantee of Promoter directors.	0.000	25.371	47.731	53.351
Union Bank of India, Chalai branch, Trivandrum, Rupee Term Loan 240028 [Secured by the first charge on Land and Building, Medical equipment and other fixed assets (excluding cathlab, Cardiac surgery equipment and vehicles financed by other lenders) and second charge on cathlab and Cardiac surgery equipment]in addition to the personal guarantee of Promoter directors.	12.590	19.108	25.665	28.657
Union Bank of India, Chalai branch, Trivandrum, Rupee Term Loan 240029 [Secured by the first charge on Land and Building, Medical equipment and other fixed assets (excluding cathlab, Cardiac surgery equipment and vehicles financed by other lenders) and second charge on cathlab and Cardiac surgery equipment]in addition to the personal guarantee of Promoter directors.	12.750	19.108	25.596	28.669
Union Bank of India, Chalai branch, Trivandrum, Rupee Term Loan 240030 [Secured by the first charge on Land and Building, Medical equipment and other fixed assets (excluding cathlab, Cardiac surgery equipment and vehicles financed by other lenders) and second charge on cathlab and Cardiac surgery equipment]in addition to the personal guarantee of Promoter directors.	30.154	44.633	63.675	72.433
Union Bank of India, Chalai Branch, Trivandrum, Foreign Currency Term Loan (I) [Secured by the first charge on Land and Building, Medical equipment and other fixed assets (excluding cathlab, Cardiac surgery equipment and vehicles financed by other lenders) and second charge on cathlab and Cardiac surgery equipment] in addition to the personal guarantee of promoter directors.	0.000	12.616	19.976	31.694
Union Bank of India Car Loan (Secured by Hypothecation Vehicle)	1.226	2.019	0.000	0.000
Union Bank of India Car Loan (Secured by Hypothecation Vehicle)	0.810	0.000	0.000	0.000
Andhra Bank Term Loan (Secured by First charge on Machinery, Equipment, Furniture, Vehicles and other fixed assets purchased out of the Term Loan and Second charge over other fixed assets of the Company)	37.692	16.348	0.000	0.000
SBI Term Loan (Secured by First charge on Machinery, Equipment, Furniture, Vehicles and other fixed assets purchased out of the Term Loan and Second charge over other fixed assets of the Company)	38.875	46.187	48.492	38.666
SBI Term Loan - Nursing College Project (Secured by Equitable Mortgage over 152.45 cents of land with construction thereon and First charge on Machinery, Equipment, Furniture, Vehicles and other fixed assets purchased out of the Term Loan and Second charge over other fixed assets of the Company)	114.362	123.312	79.359	0.000
SBI Term Loan - 30154013201 (Secured by Equitable Mortgage over 152.45 cents of land with construction thereon and First charge on Machinery, Equipment, Furniture, Vehicles and other fixed assets purchased out of the Term Loan and Second charge over other fixed assets of the Company)	5.081	0.000	0.000	0.000
State Bank of India Cash Credit (Secured by the first charge of Inventories and receivables and second charge on other Fixed Assets of the Company)	80.571	83.028	22.585	21.296
Term Loan from Andhra Bank, Trivandrum (Secured against Fixed Deposit)	0.000	25.656	0.000	0.000
From Private Banks From ICICI Bank Limited, Trivandrum (Secured by Hypothecation of MRI Equipment)	8.057	14.502	20.548	26.819
Short Term Loan From HDFC Bank Limited, Trivandrum (Secured against receivables of the company)	15.000	0.000	0.000	0.000
Cash Credit from Andhra Bank, Trivandrum (Secured by the first charge on Inventories and Receivables and second charge on land and building in addition to the personal guarantee of the Promoter Directors)	0.000	0.000	38.473	77.976
Union Bank of India, Chalai branch, Trivandrum, Rupee Term Loan 240027 (Secured by the first charge on Land and Building, Medical equipments and other fixed assets (excluding cathlab, Cardiac surgery equipments and vehicles financed by other lenders) and second charge on cathlab and Cardiac surgery equipments) in addition to the personal guarantee of Promoter directors	0.000	0.000	0.000	3.694
Union Bank of India, Chalai Branch, Trivandrum, Foreign Currency Term Loan (II) (Secured by the first charge on Land and Building, Medical equipments and other fixed assets (excluding cathlab, Cardiac surgery equipments and vehicles financed by other lenders) and second charge on cathlab and Cardiac surgery equipments) in addition to the personal guarantee of promoter directors	0.000	0.000	0.000	3.682
From Andhra Bank, Trivandrum, Term Loan (Secured by the first charge on all tangible and movable machinery and plant purchased out of their finance)	0.000	0.000	0.000	8.047
From Private Banks From ICICI Bank (Secured by the vehicle purchased under Hypothecation Scheme)	0.000	0.000	0.000	0.174
Total	357.168	431.888	392.100	395.158

Unsecured Loans	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions	31.03.2008 Rs. In Millions	31.03.2007 Rs. In Millions
Fixed deposit	5.150	5.150	5.150	5.150
Interest accrued and due on above	0.488	0.121	0.186	0.000
Total	5.638	5.271	5.336	5.150

Facilities :

Banking Relations :	--
Auditors :
Name :	Vijayakumar and Easwaran Chartered Accountants
Address :	“Devi Kripa”, T.C. 9/1327(1), Prasanth Lane, Sasthamangalam, Trivandrum – 695 010, India
PAN No.:	AACFV0313K
Subsidiaries :	KIMS Cancer Care and Research Center Private Limited CIN No.: U85110KL2008PTC022467
Entities in which Key Managerial Personnel have Significant Influence :	v Air Travel Enterprises India Limited v Great India Car and Coach Rentals Private Limited v Great India Tour Company Private Limited v Kameda Infologics Private Limited v Chrysalis Communications Private Limited v KIMS Trust v SOCOMER v KIMS Holding Company WLL v Reflections Advertising Private Limited v KIMS Bahrain Medical Centre v KIMS Management International LLC

CAPITAL STRUCTURE

As on 29.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
60000000	Equity Shares	Rs.10/- each	Rs.600.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50006069	Equity Shares	Rs.10/- each	Rs.500.061 millions

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
60000000	Equity Shares	Rs.10/- each	Rs.600.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
49620039	Equity Shares	Rs.10/- each	Rs.496.200 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008	31.03.2007
SHAREHOLDERS FUNDS
1] Share Capital		496.200	457.883	451.280	408.771
2] Advance for Share Capital		0.020	0.020	0.359	0.359
3] Reserves & Surplus		110.170	59.420	32.193	45.907
4] (Accumulated Losses)		0.000	0.000	0.000	0.000
NETWORTH		606.390	517.323	483.832	455.037
LOAN FUNDS
1] Secured Loans		357.168	431.888	392.100	395.158
2] Unsecured Loans		5.638	5.271	5.336	5.150
TOTAL BORROWING		362.806	437.159	397.436	400.308
DEFERRED TAX LIABILITIES		59.839	55.666	37.177	18.286
TOTAL		1029.035	1010.148	918.445	873.631
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		969.414	855.079	749.420	766.984
Capital work-in-progress		0.000	83.799	128.873	0.000
INVESTMENT		13.440	0.350	0.350	0.350
DEFERREX TAX ASSETS		0.000	0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	39.797	31.110	30.720	27.611
	Sundry Debtors	67.137	69.557	49.586	49.060
	Cash & Bank Balances	44.850	64.330	36.445	48.052
	Other Current Assets	7.838	12.787	5.793	0.744
	Loans & Advances	84.229	70.757	53.886	38.215
Total Current Assets		243.851	248.541	176.430	163.682
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	100.440	103.653	80.785	44.773
	Other Current Liabilities	20.331	21.823	9.795	8.088
	Provisions	79.261	55.463	49.397	10.083
Total Current Liabilities		200.032	180.939	139.977	62.944
Net Current Assets		43.819	67.602	36.453	100.738
MISCELLANEOUS EXPENSES		2.362	3.318	3.349	5.559
TOTAL		1029.035	1010.148	918.445	873.631

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008	31.03.2007
	SALES
		Income from Operations	1011.889	895.150	726.718	555.636
		Other Income	7.715	5.175	5.334	4.500
		TOTAL (A)	1019.604	900.325	732.052	560.136
Less	EXPENSES
		Operational Expenses	620.992	557.891	456.884	356.734
		Employee Cost	115.819	96.223	75.437	59.179
		Administrative and other Cost	61.243	47.170	44.777	32.083
		Miscellaneous Expenditure Written off	0.955	0.857	2.209	2.129
		Prior Period Adjustment	(0.746)	0.769	(0.862)	(0.066)
		TOTAL (B)	798.263	702.910	578.445	450.059
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		221.341	197.415	153.607	110.077
Less	FINANCIAL EXPENSES (D)		38.375	40.321	38.890	24.315
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		182.966	157.094	114.717	85.762
Less/ Add	DEPRECIATION/ AMORTISATION (F)		84.886	77.060	54.830	37.794
	PROFIT BEFORE TAX (E-F) (G)		98.080	80.034	59.887	47.968
Less	TAX (H)		32.222	29.323	19.585	17.050
	PROFIT AFTER TAX (G-H) (I)		65.858	50.711	40.302	30.918
Less	APPROPRIATIONS
		Proposed Dividend	29.772	22.894	27.227	0.000
		Tax on Dividend	4.945	3.891	4.627	0.000
	PROFIT AFTER TAX & DIVIDEND		31.142	23.926	8.448	30.918
	Earnings Per Share (Rs.)		1.38	1.12	0.94	0.79

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008	31.03.2007
PAT / Total Income	(%)	6.46	5.63	5.51	5.52
Net Profit Margin (PBT/Sales)	(%)	9.69	8.94	8.24	8.63
Return on Total Assets (PBT/Total Assets}	(%)	8.08	7.25	6.47	5.15
Return on Investment (ROI) (PBT/Networth)		0.16	0.15	0.12	0.11
Debt Equity Ratio (Total Liability/Networth)		0.93	1.19	1.11	1.02
Current Ratio (Current Asset/Current Liability)		1.22	1.37	1.26	2.60

LOCAL AGENCY FURTHER INFORMATION

Increase in Capital

The Authorized Share Capital of the Company is Rs.600.000 millions divided into 6,00,00,000 equity shares of Rs.10/-. The paid up capital as on 1^st April, 2009 was Rs.457.883 millions consisting of 4,57,88,318 Equity Shares of Rs.10/- each fully paid up. During the year the paid up share capital was increased to Rs.496.200 millions consisting of 4,96,20,039 Equity Shares of Rs.10/- each fully paid up, by allotting 38,31,721 Equity Shares, to the friends and relatives of the Directors.

During the year company increased its authorised capital from Rs.500.000 millions divided into 5,00,00,000 equity shares of Rs.10/- each to Rs.600.000 millions divided into 6,00,00,000 equity shares of Rs.10/- each.

Securities Premium

The company has allotted 37,41,721 equity shares at a premium of Rs.5/- per share and 90,000 equity shares at the premium of Rs.10/- per share. During the year, the Company collected Rs.19.609 millions as share premium. The total share premium at the end of 31^st March, 2010 is Rs.29.832 millions.

FORM 8:

Corporate identity number of the company	U85110KL1995PLC009336
Name of the company	KIMS HEALTH CARE MANAGEMENT LIMITED
Address of the registered office or of the principal place of business in India of the company	Kumarapuram Poonthi Road, Anamukham P.B. No.1, Anayara P.O., Trivandrum – 695 029, Kerala, India E-Mail: cosec@kimskerala.com
This form is for	Modification of charge
Charge identification number of the modified	10023420
Type of charge	Immovable Property Book Debts Movable Property
Particular of charge holder	State Bank of India, Commercial Branch, Sree Ganesh Kripa, Hotel Jas Lok Road, Thycaud, Trivandrum – 695 014, Kerala, India E-Mail: lithule.t@sbi.co.in
Nature of description of the instrument creating or modifying the charge	Letter regarding the grant of individual limits within the overall limit on conversion of rupee term loan of Rs.37.500 millions to foreign currency term loan [FCNRB (TL)]
Date of instrument Creating the charge	16.08.2010
Amount secured by the charge	Rs.373.400 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest: For cash credit, term loan i, ii and iii 0.75% below SBAR minimum of 11%, for stand by line credit 0.25% above SBAR minimum of 12%, for term loan iv [now converted into FCNRB] 5.50% pm over LIBOR. Terms of Repayment: 1)Term Loan I Rs.50.000 millions in 7 years 6 months 2)Term Loan II Rs.90.000 millions in 84 monthly installments 3)Term Loan III of Rs.50.000 millions in 84 monthly installments of Rs.0.600 million per month from October, 2008 to June, 2015 and Rs.0.700 million per month from July, 2015 to August, 2015 4) Term Loan IV of Rs.37.500 millions repayable in 84 installments. July 2010 to June, 2011 Rs.0.200 million pm, July, 2011 to June, 2012 Rs.0.300 million pm, July, 2012 to June, 2013 Rs.0.400 million pm, July, 2013 to March, 2015 Rs.0.500 million pm and April, 2015 to June, 2017 Rs.0.600 million per month. Margin: 1) Raw material 0.00%, 2) Stock in process 0.00%, 3) Finished goods 25%, 4) Book debts 25%, 5) Letter of credit 15%, 6) Bank guarantee 15% 7) Term loan 25%. Extent and Operation of the charge: 1) Cash credit and stand by line of credit [Rs.66.000 millions + 9.900 millions] - Hypothecation of entire current assets. 2) Term Loan I of Rs.50.000 millions - Medical equipment purchased out of bank finance. 3) Term Loan II, III and IV [Rs.90.000 millions + Rs.50.000 millions + Rs.37.500 millions] EM over 152.45 cents of land in Survey Nos.1482/3, 148/3-2-1, 1482, 1482/3-1-1, 1486/1-5-1-1, 1486/1-5-1-1, 1482/2-18-1, 1482/4-1-8, 1486/1-4-1 of Kadampally Village with construction thereon and machinery 4) Bank Guarantee and LC -Charge Over Current Assets and 15% Margin
Short particulars of the property charged	152.45 Cents of land in Survey Nos.1482/3, 148/3-2-1, 1482, 1482/3-1-1, 1486/1-5-1-1, 1486/1-5-1-1, 1482/2-18-1, 1482/4-1-8, 1486/1-4-1 of Kadampally Village with construction thereon and machinery Current assets situated in Kims Healthcare Management Limited, PB No.1, Anayara PO, Trivandrum -695029.
Date of latest modification prior to the present modification	19.11.2009
Particulars of the present modification	Letter regarding the grant of individual limits within the overall limit on conversion of rupee term loan of Rs.37.500 millions to foreign currency term loan [FCNRB (TL)]

FIXED ASSETS:

v Land

v Building

v Furniture and Fittings

v Electrical Fittings

v Office Equipment

v Plant and Machinery

v Lift

v CSSD

v Laundry

v Kitchen equipment

v Telephone system

v Life saving Equipment

v Medical Equipment

v Electrical plant

v Air conditioning

v Plumping system

v Incinerator

v Biogas Plant

v Fire Fighting

v Vehicles

v Computer and Accessories

v Interior decoration

v Surgical Instruments

v Crockeries and Utensils

v Library book

v Pillows and Matress

WEBSITE DETAILS:

PROFILE:

Kerala Institute of Medical Sciences (KIMS), one of Asia's leading tertiary care hospitals, is a landmark healthcare destination in Kerala initiated by KIMS Healthcare Management Limited The 450 bed multi disciplinary super speciality hospital was started with the objective of providing world class healthcare services and specialized medical facilities at affordable costs.

At KIMS, their strength is the team of highly qualified, well experienced senior consultants who are ably supported by high calibre nursing professionals and paramedical staff. With the focus on delivering most modern healthcare services, KIMS healthcare professionals are provided with advanced technologies in medicine and management.

KIMS has to its credit the unique achievement of National (National Accreditation Board for Hospitals and Healthcare Providers - NABH), and International (Australian Council on Healthcare Standards International - ACHSI) accreditations for its dedicated healthcare of uncompromising quality. They are empanelled with Government and Semi-Government Institutions in India, Republic of Maldives, Sultanate of Oman, Bahrain, UAE, US and UK. KIMS is an empanelled centre for Australian/ Canadian Visa  Medicals.

DIRECTORS:

Dr. M. I. Sahadulla

M.D, F.R.C.P (Ireland), F.R.C.P (Lon), M.B.A (Hull, UK)

A senior consultant in Internal Medicine, Dr M I Sahadulla qualified from Medical College, Trivandrum in MBBS and MD and subsequently became fellow of the RCP Ireland and London. He had been working in Saudi Aramco (Arabian American Oil Company) hospitals in Saudi Arabia since 1975 to 2001 when he joined as Chairman and Managing Director of KIMS Healthcare Management Limited and Kerala Institute of Medical Sciences. He was a well known teacher in Medical College Calicut and as a clinician he was subsequently involved in Healthcare Quality and Infection control and Accreditation in Aramco. Then he acquired an MBA from University of Leeds, UK and became a Healthcare Manager in the Administrative services of Saudi Aramco. His 40 years experiences as Teacher, Clinician and healthcare Manager makes him an eminent leader in healthcare in India. He is a winner of many awards in the field of entrepreneurship in India.

Now he is also the Chairman of KIMS Group of Healthcare Institutions which spreads in Kerala and in five GCC countries.

Dr. G. Vijayaraghavan

MD, DM, FRCP (Edin. and Lon) FACC, FACP

Dr Vijayaraghavan is the Vice Chairman and Founder Director of the Kerala Institute of Medical Sciences and the President of the Society for Continuing Medical Education and Research, Trivandrum, Kerala. He is one of the senior most medical teachers of this country and is widely known in India for establishing the first 2-dimensional echocardiography laboratory in India way back in 1980.

Dr Vijayaraghavan was born on 18th September 1942, at Perumpuzha, Kerala, as the son of the famous Sanskrit scholar Sahithya Siromany Sri M.K. Govindan. During his schooling at Trivandrum Model School, he became one of the first Bharat Scouts of this country and was congratulated by Prime Minister Sri Jawaharlal Nehru at New Delhi. He graduated from Trivandrum Medical College in 1964 and passed MD in General Medicine in 1969. From Christian Medical College, Vellore he got Doctorate in Cardiology (D.M (Card)) in 1973, He continued his services there as associate professor to pursue his research activities. From 1976, back in Trivandrum Medical College in collaboration with Post-graduate Medical School and Brompton Hospital, London he did pioneering work on heart muscle disease peculiar to Kerala [Endomyocardial Fibrosis]. His research publications in this field in internationally reputed journals have been path breaking.  His research on Cerebra Odollum poisoning (a suicidal plant poison used by poor people of S.India) during the 1970’s, introduced innovative treatment modalities, which still saves numerous suicide victims. In 1983 he was invited to work at the University of California, Los Angeles, and became one of the pioneer research workers in Doppler echocardiography and co-authored the first book on this subject from USA (1985).

Dr Vijayaraghavan is well known as a master teacher in cardiology in India and abroad. It was his painstaking effort in the 1980’s in conducting continuing medical education programme all over India that established 2-D echocardiography as the most popular cardiology investigation in this country. As Professor and Head of cardiology Dr Vijayaraghavan established one of the most modern cardiology departments in this country at the Trivandrum Medical College. With help from the World Health Organization and Government of India he demonstrated that heart attacks and its risk factors are very highly prevalent among the poor people of Kerala.

Dr Vijayaraghavan is the author of many books and contributes chapters to cardiology text books. He is a member of the editorial board of the Indian Edition of the American Heart Association journals, ‘Circulation’ and ‘Hypertension’ and is the Chairman of the Echocardiology Council of the Cardiological Society of India.  

Dr Vijayaraghavan is the recipient of numerous awards and honours. He received honorary fellowships from the Royal College of physicians of Edinburgh (FRCP Edin), from the Royal College of Physicians of London (FRCP Lond), from the American College of Cardiology (FACC), and the Premier Golden Heart Fellowship from the American Heart Association (FAHA). This is in addition to the fellowships awarded to him by the Indian College of Cardiology (FICC), Indian Academy of Echocardiography (FIAE), International Medical Sciences Academy (FIMSA) and the Cardiological Society of India (FCSI).  Lifetime achievement awards were given to him by Indian Academy of Echocardiography, Indian College of cardiology and the Cardiological Society of India.

Mr. E.M. Najeeb, MBA, D.J.

Executive Director

Founder and Chairman of the highly successful ATE Group of Companies including Air Travel Enterprises India Limited(ATE), Great India Tour Company (Private) Limited, Great India Aviation Services (Private) Limited, Chrysalis Communications (Private) Limited, and Great India Infologics (Private) Limited, he is a postgraduate in Business Administration and a Diplomate in Journalism. ATE is the winner of numerous awards from the Kerala Government, National and international travel houses and various international airlines for its outstanding performance during the last 20 years. Being a leading figure in the hospitality industry in India he has traveled extensively as a member of Central Govt. trade and tourism panels and is a member of many national and international travel associations, Trivandrum International Airport Society and the Hotel Classification Committee.

Mr. E. Iqbal

E. Iqbal is a Director of Airtravel Enterprises India Limited, and has been working in the travel industry for over two decades. Worked at the International Airport, Riyadh, Saudi Arabia. He is the Managing Director of The Great India Car and Coach Rentals (Private) Limited and is the Chief Co-ordinator, Support Services of KIMS.

Mr. Raheem CHA, CA

Executive Director - KMI

A Chartered accountant by profession, Mr. Raheem has over 25 years of experience with national and international business houses. He was the long-time Head of the Finance function of Saudi Petrochemicals Company (SADAF) Saudi Arabia a joint venture between SABIC and Shell Oil Company of USA, based in the Jubail Industrial City of Saudi Arabia. Being a member of the Management Team of SADAF he was actively involved in the industrial safety and environmental issues of petrochemical industries. Presently since 2003 he is the Financial Advisor to Tasnee Petrochemical Company in Jubail Industrial city, the largest private sector petrochemical company in Saudi Arabia. He is also involved in other business and industrial ventures in India. He is a founder director and member of Board of Directors of KIMS and the Executive Director of KMI.

Mr. B. Raveendran Pillai

A highly successful businessman in Saudi Arabia, Gulf States and India, he is presently the C.E.O of Nasser S Al-Hajri Corporation, Al Khobar, Saudi Arabia. This firm is involved in major civil, mechanical and industrial construction projects in Jubail, Riyadh, Yanbu and other Gulf States. He has great interest in healthcare and is the owner of Upasana Hospital, Quilon

Mr. A.K Mukthar

Mr. Mukthar hails from Kollam, Kerala. Since the last 24 years he has been holding high position in major international companies in the Kingdom of Saudi Arabia. He has been involved in the oilfield activities for the last several years in which he has vast and in-depth knowledge. He is a noted businessman in Kerala and is the Director of the Desinganad Medical Lines Private Limited, which runs a highly advanced MRI Scan and Diagnostic Center with state-of-the-art facilities at Kollam.

Mr. Alukkas Varghese Joy

Alukkas is a household name in Gold and Diamond Jewelry in India and the Middle East. Alukkas Varghese Joy "a veteran in the gold business", having more than 30 years experience in gold jewellery retailing. He is the Managing Director of Alukkas Jewellery, Middle East, with its Head office in Dubai and a chain of 22 outlets in the Gulf under its banner. He is also holding partnerships in several business organizations in India like The Alukkas Middle East Exporters, Alukkas Tourist Home, Alukkas Hospitals etc. Bachelor of Arts from the University of Calicut, Kerala, Joy is a noted philanthropist and generous supporter of many social, cultural and charitable organizations.

Mr. Ajayachandran Nair

Mr. Ajayachandran, is a young entrepreneur and an engineer by profession, who hails from Trivandrum. He is a well-established construction contractor and is the Managing Director of Alka Contracting Est. in Riyadh, Saudi Arabia.

Mr. K. Muraleedharan

A man of vision and foresight, Mr. K. Muraleedharan has scaled ambitious heights through his entrepreneurship and is today the Chairman and Managing Director of Southern Franchise Group of Companies. It is an Organization with diversified business interests focusing on hotels, restaurants, catering services and information technology and spans the whole of U.A.E. There are ambitious plans to expand SFC's activities to the Indian subcontinent and other parts of the world. Despite his busy schedule, Mr. Muraleedharan ensures that he pays equally important attention to the needs of the downtrodden and underprivileged. He is actively involved in many philanthropic and charitable endeavours, as well as educational and health care initiatives, which include prominent academic and lifeline institutions. You may access further details of Mr. Muraleedharan on www.muralya.com

Mr. P. M. Nazarudeen

He hails from Kanjirapally, Kerala and is a successful businessman based in Saudi Arabia. His business includes wholesale trading, supermarkets, textiles and real estate. He is also known for his involvement in various social and charitable organizations.

Mr. K. Radhakrishnan

He is a highly successful businessman in the field of Electrical and Heavy Equipment in Saudi Arabia and Gulf countries. His interest extends to the field of Healthcare and Hospitality Industry.

Dr. Y. A. Nazer

MS, MCh (AIIMS) - Director Surgical Service

Dr. Nazer is a well-known cardiac surgeon in India and abroad. He was instrumental for establishing the Cardiac Surgical Unit in UAE in 1994. This unit does more than 350 cardiac surgeries per year. He is a graduate from Trivandrum Medical College, subsequently completed MS and MCh from All India Institute of Medical Sciences, New Delhi. Later he underwent special training for four years in Cardio-thoracic surgery in Royal Prince Alfred Hospital, Sydney, Australia.
He established one of the best Coronary surgery units in Sri Chitra Tirunal Institute of Medical Sciences in Trivandrum.

Mr. N. Sathyadevan

Mr. Sathyadevan is a prominent businessman in Kerala and the UAE. His specialty is the printing Industry and he is the Managing Director of the two most modern printing press in Ajman UAE, namely a) Nabeel Printing Press LLC, Ajman b) Al Alef Printing Press LLC, Ajman. A longtime resident of the UAE, he was the former Finance and Administration Manager of Ras Al Khaima Port Authority. He is a known philanthropist and is involved in many social and charitable activities in Kerala.

Dr. Sheriff Sahadulla

Dr. Sheriff Sahadulla obtained his M.D. from Tufts University School of Medicine and went on to do his residency in Internal Medicine at the University of Michigan. Dr. Sahadulla has held various administrative positions including Medical Director of the Hospitalist Program at Falmouth Hospital and St. Joseph Hospital. He has also been the Vice-Chairman of the Department of Internal Medicine at Falmouth Hospital and a Clinical Instructor at Tufts University. Dr. Sahadulla is currently a Regional Medical Director for a national hospitalist company, EMCARE. He oversees the inpatient medicine departments of 11 hospitals.

Mr. K. Jalaluddin

Mr. K. Jalaluddin hailing from Varkala,Trivandrum district, is a well known businessman and Philanthropist in UAE. He is Managing Director of Magic Screen L.C.C, which is one of the major printing houses in Dubai. He is involved in various social and charitable activities in Kerala.

Mr. Jalal Dheen

Mr. Jalal Dheen - a Graduate from Trivandrum Engineering College. Obtained MBA from university of Chicago. Settled in USA for the past several years. Now he runs an independent investment Company based in Chicago, USA.

Mr. M.G. Pushpakaran

He hails from Kottayam and has been in Dubai for the past 33 years and is in business for the past 30 years. He is the Managing Director of Phoenix Trading Co. LLC, Dubai, who are stockists and distributors of electric cables, cable accessories, cable laying devices etc; representing many European multinational companies. He is also the Managing Director of Lords Furniture LLC, Dubai- stockists of American furniture; and the Managing Director of PEPS Industries Private Limited Coimbatore, who are manufacturers of Restonic mattresses and bedding systems in India, in collaboration with Restonic Corporation USA.

He is also a Director of Tropical Foods Limited Coimbatore, a Musaliar group company, manufacturers and exporters of roasted cashews. He is the Vice President of Gurudeva Charitable Trust and also the proposed Sree Narayana Medical College at Ernakulam. He had the opportunity to be the Patron of Indian Overseas Congress and Dubai Priyadarshini and is also a member of Y's Men Club Dubai.

Mr. G. Raghavan

Mr. G. Raghavan, hails from Neyattinkara and is well known businessman in Dubai, mainly in the field of Air Conditioning. He is very much interested in health care industry and is involved in many charitable and social activities in Kerala.

Mr. J.M. Abdul Aziz

One of the senior staff members in Corniche Hospital, U.A.E He hails from Trivandrum, Kerala. He is a young entrepreneur and is very active and known for his philanthropic and social activities in Kerala

Mr. Neeleshwar Bhatnagar

Mr. Neeleshwar Bhatnagar is a chartered Accountant by profession from Delhi. He worked as finance controller in various companies in India and abroad. At present he is the Director- Saudi Arabia Operations, Landmark Group.

Mr. Vijayan Radhakrishnan

Mr. Radhakrishnan hails from Alleppey and is working for "Landmark Gulf Group" in Dubai, which has operations all over the Gulf and also in India. Presently he is the Managing Director for their Eastern Province operations in Saudi Arabia.

Mr. A. K. Asiff

A successful entrepreneur based in the Eastern and Central provinces of Saudi Arabia, Mr. Asif hails from Neyyattinkara, Kerala. His business interest is mainly in trading petro - chemical products. He has wide interest in the field of health care and education. ASIFF Merchandise Private Limited Exports, Imports and Leasing. He is also the director of Afiah Diary Private Limited, Nagarcoil, Kanya Kumari District and ASIFF Merchandise Private Limited

Mr. K.M. Khader

Mr. Khader is a senior territory director of RNA Resources Group Limited, operating as "Landmark" based in Dubai, operating all over the gulf region and India. Presently he is heading the operations in State of Qatar. He is also the MD of a group consisting of Home Center, Splash, Shoe Mart, Baby Shop and City Lifestyle who are pioneers in retail business.

Dr. M. A. Mohamed MBBS, MS (ENT)

He hails from Erattupetta and is a Graduate from the Kottayam Medical College and Post Graduate from Trivandrum Medical College. He is currently running Polyclinics, Pharmaceuticals, and Optical and Trading in medical Equipments and Hearing Healthcare products. A state-of-the-art institute for speech and Hearing with trading of various hearing devices has been set up in Cochin and Chennai, under his guidance. He is engaged in developing a global village with the innovative concept of integrating technology with tourism at Vagamon, (a hill station destination of Kerala).

Mr. Aniyan Kutty

Aniyan Kutty a successful businessman, hails from Anchal, Kerala is a lawyer by profession. He is currently the Managing Director of Clarion shipping services (llc), dubai (who has own operation and offices in Sharjah, Jebel Ali, Abu Dhabi, Oman, Bahrain, Djibouti, Sudan), Hi-Tech Steel Ind. (llc), Dubai, Hi-Build Constructions (llc), Dubai, Hi-Lite Electromechanical (llc), Dubai, Corbon Advertisement (llc), media city, Dubai., Hi-Tech Plant and Machinery Trading FZCO, Jebel Ali, Dubai., Hi-Class Gen contracting (llc), Abu Dhabi.,Trinity General Trading (llc), Ajman. He is the Chairman of Dimensions Cybertech India Private limited, Trivandurm, Cochin and Banglore., Zerone Technology, Cochin., Corban Advt. and Events Private Limited, Banglore., Hi-Span Engineering India Private Limited, Trivandrum., AJ Mart India Private Limited, Trivandrum. He is also the Director of Jeevan TV, India., KIMS, Trivandrum., School of Excellence, Trivandrum.

Mr. K. Jayaram.

Mr. K.Jayaram is a Mechanical Engineer by qualification. He is having experience in following areas as General Manager of PAMAS Est., Kingdom of Saudi Arabia, since 1980. PAMAS which is basically a construction company has expertise in the following areas viz. 1. General Contracting and Engineering 2. Trading 3. Information Technology 4. Career Development. He is the founder of Maluram Enterprises Private Limited which is involved in trading of imported items in India. Maluram is the sole licensee in India for Power Horse Energy Drink from Austria. He also established Ellora Travels which deals with exclusive and niche segment in the travel business industry. Ellora owns a large fleet of vehicles and caters to high profile segments.He also chaired India Household and Healthcare Limited, which is the sole licensee of LG Household and Health Care products and LG Cosmetics from Korea. He also holds Chairmanship in Hyundai India Telecom Limited, Chairman of Hyundai Life care Limited and Promoter of a number of residential and commercial buildings in Chennai and also owns a medical shop and a restaurant.

Mr. Thilakan B Tharayil.

Mr. Tilakan hails from Irinjalakkuda, Trissur and is one of the well-known businessmen at Saudi Arabia(AL-Jubail), Dubai and Kerala. His is a success story of over 20 years in the main line of Business in the field of Trading, Construction Projects and Maintenance.

Mr. T.C. Wilson

WILSON is the General Manager of Al-Khater Group of Companies and Director of a Group of other well established companies in Saudi Arabia and Kerala, with two decades of determined and dedicated efforts among the Expatriate business community in Saudi Arabia in the field of Trading and Industrial Services based in Petrochemical Companies [SABIC].

Mr. Liaquet Ali Khan.S.

A graduate in Mechanical Engineering from Madurai University, Tamil Nadu. He has been working with various multinational industries in Saudi Arabia since 1979. At present he is the Purchase and Logistics Manager at Crown Jeddah Beverage Can Factory at Jeddah. He is also the promoter of Al-Mashfa Medical Company Limited, Al-Abeer Medical Centers at Jeddah and Gulf Techno Parts, at Jeddah. He is also a well known philanthropist involved in various social and charitable organizations in Saudi Arabia and South India.

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	Rs.44.80
UK Pound	1	Rs.72.85
Euro	1	Rs.63.11

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--MARGINS	-5~5	-
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
TOTAL		44

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

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.