MIRA INFORM REPORT

Report Date :

29.10.2011

IDENTIFICATION DETAILS

Name :	ROSELABS BIOSCIENCE PRIVATE LIMITED
Registered Office :	Survey No. 253, N.H.8, Opposite Kerala, G.I.D.C Village, Kerala, Ahmedabad-382220, Gujarat
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	06.01.2010
Com. Reg. No.:	04-059109
Capital Investment / Paid-up Capital :	Rs.1.780 Millions
CIN No.: [Company Identification No.]	U24290GJ2010PTC059109
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Pre-Filled Syringes.
No. of Employees :	Information denied by the management.

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Status :	New Company
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a relatively new company and yet to establish itself gradually. Payments terms are not known. The company can be considered for business dealings on a safe and secured 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.

INFORMATION DECLINED BY

Name :	Mr. Sharma
Designation :	Accountant
Contact No.:	91-9727705334
Date :	25.10.2011

LOCATIONS

Registered Office / Factory:	Survey No. 253, N.H.8, Opposite Kerala, G.I.D.C Village, Kerala, Ahmedabad-382220, Gujarat, India
Tel. No.:	Not Available
Mobile No.:	91-9727705334 [Mr. Sharma]
Fax No.:	Not Available
E-Mail :	info@roselabsindia.com
Website:	http://www.roselabsindia.com
Corporate Office:	284, New Cloth Market, Ahmedabad-380002, Gujarat, India
Tel No.:	91-79-22162529/66301529
Fax No.:	91-79-22166730

DIRECTORS

As on 08.09.2010

Name :

Mr. Pawankumar Trilokchand Agarwal

Designation :

Director

Address :

B-21, Akash Opposite Premchand Nagar, Judges Bunglow Road, Bodakdev, Ahmedabad-380054, Gujarat, India

Date of Birth/Age :

30.03.1963

Date of Appointment :

06.01.2010

Name :

Mr. Zameer Pawankumar Agarwal

Designation :

Director

Address :

B-21, Akash Opposite Premchand Nagar, Judges Bunglow Road, Bodakdev, Ahmedabad-380054, Gujarat, India

Date of Birth/Age :

05.11.1986

Date of Appointment :

06.01.2010

Name :

Mr. Mohit Premchand Gupta

Designation :

Director

Address :

42, Whispering Pine, Irvine CA – 92620

Date of Birth/Age :

13.09.1965

Date of Appointment :

22.04.2010

Name :

Mr. Prakash Karsanbhai Patel

Designation :

Additional Director

Address :

11, Devdarshan Society, B/H, New Mahakali Temple, Kalka Road, Palan-382465, Gujarat, India

Date of Birth/Age :

12.01.1975

Date of Appointment :

13.08.2010

Din No.:

03098121

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U24290GJ2010PTC059109	ROSELABS BIOSCIENCE PRIVATE LIMITED	Director	30-09-11	13-08-10	Active	NO
2	U25209GJ2011PTC064863	ROSELABS POLYMERS PRIVATE LIMITED	Director	11-04-11	11-04-11	Active	NO

Name :

Mr. Guarang Atmaram Patel

Designation :

Additional Director

Address :

B-2, Sayona Park, Plat Harasidhnagar, Indraprastha Society, Sarkari Vasant, Avadh Memnagar, Ahmedabad-380054, Gujarat, India

Date of Birth/Age :

12.07.1963

Date of Appointment :

13.08.2010

Din No.:

03089311

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U24230GJ2010PTC061904	GARISON FORMULATION PRIVATE LIMITED	Director	07-08-10	07-08-10	Active	NO
2	U24290GJ2010PTC059109	ROSELABS BIOSCIENCE PRIVATE LIMITED	Director	30-09-11	13-08-10	Active	NO

KEY EXECUTIVES

Name :	Mr. Sharma
Designation :	Accountant
Name :	Kapoor and Ved
Designation :	Company Secretaries
Address:	208, Sudarshan Complex, Near Mithakhali Under Bridge, Navrangpura, Ahmedabad-380009, Gujarat, India
Tel No.:	91-79-66311543/30024153 91-79-26445894 [Residential]
Fax No.:	91-79-66311543/30024153
Email:	umeshved@youtele.com

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 08.09.2010

Names of Shareholders	No. of Shares
Pawankumar Trilokchand Agarwal	110600
Zameer Pawankumar Agarwal	65000
Harjivandas Narandas Ved	1800
Vasumati Harjivandas Ved	600
Total	178000

As on 11.09.2010

Name of Allottees	No. of Shares
Pawankumar Trilokchand Agarwal	2039400
Zameer Pawankumar Agarwal	330000
Rosy Pawankumar Agarwal	120000
Gopalka Motor Investo Private Limited, India	2585000
Total	5074400

As on 06.10.2010

Name of Allottees	No. of Shares
Pawankumar Trilokchand Agarwal	906000
Zameer Pawankumar Agarwal	3841600
Total	4747600

As on 26.10.2010

Name of Allottees	No. of Shares
Gopalka Motor Investo Private Limited, India	2800000
Total	2800000

As on 08.09.2010

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	98.65
Other top fifty shareholders	1.35
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Pre-Filled Syringes.

GENERAL INFORMATION

No. of Employees :	Information denied by the management.
Bankers :	· State Bank of India, Mid Corporate Group, Commercial Branch, 3^rd Floor, Param Siddhi, Near Mahakant Building, Ellsiebridge, Ahmedabad-380006, Gujarat, India · Bank of Baroda

Banking Relations :	--
Auditors :
Name :	Sunil Poddar and Company Chartered Accountants
Address :	301-305, Vrajbhumi Complex, Near Prarthana Flat, B/H. Ship Building, Off C.G. Road, Navrangpura, Ahmedabad-380009, Gujarat, India
Tel. No.:	91-79-26402893/26431097
Fax No.:	91-79-26462614
Pan No.:	ABEFS3044F

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs.10/- each	Rs.2.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
178000	Equity Shares	Rs.10/- each	Rs.1.780 Millions

After 08.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs.10/- each	Rs.200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12800000	Equity Shares	Rs.10/- each	Rs.128.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		1.780
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		1.780
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		1.780
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.108
	Other Current Assets	0.000
	Loans & Advances	1.300
Total Current Assets		1.408
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.255
	Other Current Liabilities	0.021
	Provisions	0.000
Total Current Liabilities		0.276
Net Current Assets		1.132
MISCELLANEOUS EXPENSES		0.648
TOTAL		1.780

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010
	SALES
		Income	0.000
		Other Income	0.000
		TOTAL	0.000
Less	EXPENSES
		Office Expenses
		Administrative Expenses	0.000
		Advertising Expenses
		TOTAL	0.000
	PROFIT BEFORE TAX		0.000
Less	TAX		0.000
	PROFIT AFTER TAX		0.000
	Earnings Per Share (Rs.)		0.00

KEY RATIOS

PARTICULARS		31.03.2010
PAT / Total Income	(%)	0.00
Net Profit Margin (PBT/Sales)	(%)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	0.00
Return on Investment (ROI) (PBT/Networth)		0.00
Debt Equity Ratio (Total Liability/Networth)		0.15
Current Ratio (Current Asset/Current Liability)		5.10

LOCAL AGENCY FURTHER INFORMATION

Details of Sundry Creditors:

Particulars	31.03.2010 (Rs. in millions)
Sundry Creditors For Expenses	0.255

Bankers Charges Report as per Registry

This form is for	Creation of charge
Corporate identity number of the company	U24290GJ2010PTC059109
Name of the company	ROSELABS BIOSCIENCE PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	123/1, Sadiram Estate, Saijpur Gopalpur, Pirana Road, Piplej, Ahmedabad-382405, Gujarat, India
Type of charge	Movable Property (not being pledge)
Particular of charge holder	State Bank of India, Mid Corporate Group, Commercial Branch, 3^rd Floor, Param Siddhi, Near Mahakant Building, Ellsiebridge, Ahmedabad-380006, Gujarat, India
Email	rm1.cbahm@sbi.co.in
Nature of description of the instrument creating or modifying the charge	Joint deed of hypothecation (consortium term loan) dated 26th October, 2010 for term loan of Rs. 900.000 millions.
Date of instrument Creating the charge	26.10.2010
Amount secured by the charge	Rs.900.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest SBI : 5% above base , BOB & BOI : 4% above base rate Terms of Repayment repaid in 24 quarterly installments Margin SBI, BOB, BOI - 36.34% Extent and Operation of the charge Pari-passu charge with term lenders
Short particulars of the property charged	I) The whole of the borrower's moveable properties (save and except the current assets) including its movable plant and machinery, machinery spares, tools II) And accessories and other movables, both presently and future, whether installed or not and whether now lying loose or in cases or which are now lying or stored in or about or shall III) Hereafter from time to time during the continuance of these presents be brought into or upon or be stored or be in or about all the borrower's hotel, premises and godowns situated at IV) Survey No. 253, Village Kerala, Taluka Bavala, B Ahmedabad in the state of Gujarat or wherever else the same may be or be held by any party to the order of disposition of the borrower.

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 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.48.82
UK Pound	1	Rs.78.57
Euro	1	Rs.69.29

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.