MIRA INFORM REPORT

Report Date :

22.10.2011

IDENTIFICATION DETAILS

Name :	UNICORN DENMART LIMITED
Registered Office :	3, Local Shopping Centre, Mor Land, DDA Market, Near J Block, New Rajinder Nagar, New Delhi-110060, Delhi.
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	01.02.2008
Com. Reg. No.:	55-173509
Capital Investment / Paid-up Capital :	Rs.1.700 Millions
CIN No.: [Company Identification No.]	U29297DL2008PLC173509
TAN No.: [Tax Deduction & Collection Account No.]	DELU03585B
PAN No.: [Permanent Account No.]	AAACU9584E
Legal Form :	A Closely Held Public Limited Liability Company.
Line of Business :	Manufacturer of Dental Supplies and Hospital.
No. of Employees:	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 164604
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a relatively new company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered for business dealings at usual trade terms an 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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

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

INFORMATION PARTED BY

Name :	Mrs. Achla Gumbhir
Designation :	Director
Contact No.:	91-9810986086
Date :	19.10.2011

LOCATIONS

Registered Office / Corporate :	3, Local Shopping Centre, Mor Land, DDA Market, Near J Block, New Rajinder Nagar, New Delhi-110060, Delhi, India.
Tel. No.:	91-11-45551200
Fax No.:	91-11-45551222
E-Mail :	sales@unicorndenmart.com unicornmed@satyam.net.in
Branch 1 :	143, Laxmi Plaza, Industrial Estate, New Link Road, Near Sab TV, Andheri (W), Mumbai-400053, Maharashtra, India.
Tel. No.:	91-22-40108770/72
Mobile No.:	91-9892654769 (Mr. Nitin)
E-Mail :	unicorndenmartmum@gmail.com
Branch 2 :	No. 135, 14^th Main, 17^th Cross, Opposite Chaya Nursing Home, Near Railway Over Bridge Malleswaram, Bangalore-110055, Karnataka, India.
Tel. No.:	91-80-42067199
Mobile No.:	91-9844044737 (Ms. Archana Nayak)
Fax No.:	91-80-42067192
E-Mail :	unicornblr@gmail.com

DIRECTORS

AS ON 30.09.2010

Name :	Mr. Shammi Gumbhir
Designation :	Director
Address :	C-3/71 Ashok Vihar Phase II, New Delhi-110052, Delhi, India
Date of Birth/Age :	15.08.1966
Date of Appointment :	01.02.2008

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U33111DL1997PTC091175	UNICORN MEDIDENT PVT LTD	Managing director	15/12/1997	15/12/1997	-	Active	NO
2	U33112DL2006PTC147255	CORNO DENTRIX PRIVATE LIMITED	Director	08/03/2006	08/03/2006	-	Active	NO
3	U29297DL2008PLC173509	UNICORN DENMART LIMITED	Director	01/02/2008	01/02/2008	-	Active	NO

Name :	Mrs. Achla Gumbhir
Designation :	Director
Address :	C-3/71 Ashok Vihar Phase II, New Delhi-110052, Delhi, India
Date of Birth/Age :	08.12.1968
Date of Appointment :	01.02.2008

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U33111DL1997PTC091175	UNICORN MEDIDENT PVT LTD	Director	15/12/1997	15/12/1997	-	Active	NO
2	U29297DL2008PLC173509	UNICORN DENMART LIMITED	Director	01/02/2008	01/02/2008	-	Active	NO

Name :	Ms. Sandhya Gambhir
Designation :	Director
Address :	D – 12/64, Block D, PKT_12, Rohini Sector – 8, New Delhi-110085, Delhi, India.
Date of Birth/Age :	02.01.1976
Date of Appointment :	01.02.2008

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U29297DL2008PLC173509	UNICORN DENMART LIMITED	Director	01/02/2008	01/02/2008	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2010

Names of Shareholders	No. of Shares
Shammi Gumbhir	89800
Achla Gumbhir	80000
Sandhya Gambhir	160
Laxmi Chand Gumbhir	10
Dropadi Gambhir	10
Reena Gambhir	10
Rakesh Kumar	10
Total	170000

AS ON 30.09.2010

Equity share breakup
Category	Percentage
Directors or relatives of directors	99.99
Others	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Dental Supplies and Hospital.
Products :	Ø Dental Chair and Unit Ø Compressor Ø Composite Material Ø Electrocautery Ø Autoclave Ø Hand Piece Ø Dental Surgical Loupe Ø Water Distiller Ø Camera Ø Air Polisher
Terms :
Selling :	L/C, Cash, Credit
Purchasing :	Cash, Credit

GENERAL INFORMATION

Customers :

· Wholesalers

· Retailers

No. of Employees:

100 (Approximately)

Bankers :

Axis Bank Limited, Rajinder Nagar, New Delhi

Facilities :

Unsecured Loan	As on 31.03.2010 (Rs. In Millions)	As on 31.03.2009 (Rs. In Millions)
Mr. Shammi Gumbhir	9.311	0.020
Total	9.311	0.020

Banking Relations :	--
Auditors :
Name :	Raj Suneja and Company Chartered Accountant
Address :	2189, II rd Floor, Shadi Khampur, West Patel Nagar, New Delhi-110008, Delhi, India.
Tel. No.:	91-11-45719991
Mobile No.:	91-981021505/602
E-Mail :	rajksuneja@yahoo.com

CAPITAL STRUCTURE

AS ON 26.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Share	Rs.10/- Each	Rs. 2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
170000	Equity Share	Rs.10/- Each	Rs. 1.700 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

Particulars	31.03.2011
Sales Turnover (Approximately)	350.000

Expected Sales (2011-2012) : Rs.400.000 Millions

The above information has been parted by Mrs. Achla (Director)

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

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		1.700	1.700	0.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		21.451	0.000	0.000
4] Share Premium		18.000	18.000	0.000
5] (Accumulated Losses)		0.000	(0.855)	(0.023)
NETWORTH		41.151	18.845	0.477
LOAN FUNDS
1] Secured Loans		0.00	0.000	0.000
2] Unsecured Loans		9.311	0.020	0.078
TOTAL BORROWING		9.311	0.020	0.078
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		50.462	18.865	0.555
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		16.741	1.620	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	53.299	0.000	0.000
	Sundry Debtors	54.724	4.039	0.000
	Cash & Bank Balances	4.075	9.963	0.505
	Other Current Assets	21.232	3.595	0.000
	Loans & Advances	0.566	0.058	0.000
Total Current Assets		133.896	17.655	0.505
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000	0.000	0.000
	Other Current Liabilities	100.209	0.463	0.017
	Provisions	0.000	0.000	0.000
Total Current Liabilities		100.209	0.463	0.017
Net Current Assets		33.687	17.192	0.488
MISCELLANEOUS EXPENSES		0.034	0.053	0.067
TOTAL		50.462	18.865	0.555

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009
	SALES
		Income	301.193	15.003
		Other Income	2.461	0.000
		TOTAL	303.654	15.003
Less	EXPENSES
		Administrative Expenses	5.704	1.514
		Employee, Remuneration and Benefits	19.596	1.082
		Selling and Distribution Expenses	27.117	0.319
		Other Expenses	228.756	12.917
		TOTAL	281.173	15.832
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		22.481	(0.829)
Less	FINANCIAL EXPENSES		0.145	0.002
	PROFIT/LOSS FOR THE YEAR		22.336	(0.831)

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
Net Profit Margin (PBT/Sales)	(%)	NA	NA	NA
Return on Total Assets (PBT/Total Assets}	(%)	NA	NA	NA
Return on Investment (ROI) (PBT/Networth)		NA	NA	NA
Debt Equity Ratio (Total Liability/Networth)		2.66	0.03	0.02
Current Ratio (Current Asset/Current Liability)		1.34	38.13	29.70

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	Yes
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter's background	--
8) No. of employees	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	No
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	Yes
15) Capital in the business	No
16) Details of sister concerns	--
17) Major suppliers	No
18) Major customers	No
19) Payments terms	Yes
20) Export / Import details (if applicable)	--
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	--
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	No
28) Incorporation details, if applicable	--
29) Last accounts filed at ROC	--
30) Major Shareholders, if available	--

FORM 8:

Corporate identity number of the company	U29297DL2008PLC173509
Name of the company	UNICORN DENMART LIMITED
Address of the registered office or of the principal place of business in India of the company	3, Local Shopping Centre, Mor Land, Near J-Block Dda Mkt, New Rajinder Nagar, New Delhi -110060, Delhi, India
This form is for	Creation of charge
Type of charge	Book Debts
Particular of charge holder	Citibank N.A
Nature of instrument creating charge	Goods Security Agreement.
Date of instrument Creating the charge	30/11/2010
Amount secured by the charge	Rs.30.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest @ 10.50% per annum. Terms of Repayment Repayable on demand, annually renewable. Margin 30% against the said stocks. 30% against the said book debts. Extent and Operation of the charge First exclusive charge by hypothecation of all the Borrower's movable assets (including stocks and book debts) forming part of its current assets both present and future in favour of Citibank N.A Delhi for the repayment of all monies in respect of the credit facility, including outstanding balance and also all interest, costs, charges and expenses.. Others
Short particulars of the property charged	All the Borrower's movable assets (including stocks and book debts) forming part of its current assets both present and future

Fixed Assets:

Ø Computer and Printers

Ø Computer Software

Ø Generator

Ø Air Conditioner

Ø Office Equipments

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.50.06
UK Pound	1	Rs.79.15
Euro	1	Rs.69.03

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		43

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.