MIRA INFORM REPORT

Report Date :

12.03.2012

IDENTIFICATION DETAILS

Name :	BR BIOMEDICALS PRIVATE LIMITED
Registered Office :	D-71, Corner Building, Malviya Nagar, Main Road, New Delhi – 110017
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	28.09.2006
Com. Reg. No.:	55-154502
Capital Investment / Paid-up Capital :	Rs. 5.670 millions
CIN No.: [Company Identification No.]	U85121DL2006PTC154502
TAN No.: [Tax Deduction & Collection Account No.]	DELB09222D
PAN No.: [Permanent Account No.]	AACCB9500D
Legal Form :	Private Limited Liability Company
Line of Business :	Marketing and sales of Medical equipments
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (28)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 37000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Profitability of the company appears to be low. However, trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small Business dealing at usual trade terms and condition.

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

LOCATIONS

Registered Office :	D-71, Corner Building, Malviya Nagar Main Road New Delhi – 110017, India
Tel. No.:	91-11-26687274-5
Fax No.:	91-11-45793300
E-Mail :	Info_info@yahoo.co.in Bhunesh.agarwal@brbiomedicals.com sales@brbiomedicals.com
Website :	http://www.brbiomedicals.com

DIRECTORS

As on: 30.09.2011

Name :

Mr. Bhuvnesh Kumar Agarwal

Designation :

Director

Address :

C-2/2536, Vasant Kunj New Delhi – 110070, India

Date of Appointment :

28.09.2006

DIN No.:

00784588

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	U85121DL2006PTC154502	BR BIOMEDICALS PRIVATE LIMITED	Director	28/09/2006	28/09/2006	-	Active	NO

Name :

Mr. Veena Agarwal

Designation :

Director

Address :

C-2/2536, Vasant Kunj New Delhi – 110070, India

Date of Appointment :

28.09.2006

DIN No.:

00784639

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	U85121DL2006PTC154502	BR BIOMEDICALS PRIVATE LIMITED	Director	28/09/2006	28/09/2006	-	Active	NO

Name :

Mr. Nitasha Agarwal

Designation :

Director

Address :

C-2/2536, Vasant Kunj New Delhi – 110070, India

Date of Appointment :

01.10.2007

DIN No.:

01873899

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	U85121DL2006PTC154502	BR BIOMEDICALS PRIVATE LIMITED	Director	31/08/2009	1/10/2007	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Share
Bhuvenesh Kumar Agarwal	415000
Veena Agarwal	50000
Nitesh Agarwal	50000
Neena Mittal	1000
Bhavan Agarwal	50000
Anish Mittal	1000
Total	567000

As on: 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Marketing and sales of Medical equipments

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Oriental Bank of commerce, Overseas Branch, M-33 Greater Kailash-II, New Delhi – 110048, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Oriental Bank of commerce – Vehicles Loan (Secured against Hypothecation of Maruti SX 4 Car )	0.000	0.0567
Oriental Bank of commerce (CC Limit) (Secured against Hypothecation of stock and Book Debts))	8.204	7.354
Total	8.204	7.410
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Anish Mittal	0.000	0.400
Neena Mittal	0.000	0.650
Nitesh Aggarwal	0.000	2.057
Veena Aggarwal	0.000	0.200
Naresh Aggarwal	0.000	0.100
B.K Aggarwal	0.880	0.000
Total	0.880	3.407

Banking Relations :	--
Auditors :
Name :	S. Verma and company Chartered Accountant

Address :	179, CM-1, Office Complex, Jhandewalan Exten. New Delhi – 110055, India
Tel. No.:	91-23631976/51031976
Mobile No.:	91-9811132323
PAN.:	AADPV0118K

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
10,00,000	Equity Shares	Rs.10/- each	Rs. 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5,67,000	Equity Shares	Rs.10/- each	Rs. 5.670 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		5.670	5.670	4.010
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		3.627	2.939	1.549
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		9.297	8.609	5.559
LOAN FUNDS
1] Secured Loans		8.204	7.410	7.040
2] Unsecured Loans		0.880	3.407	4.990
TOTAL BORROWING		9.084	10.817	12.030
DEFERRED TAX LIABILITIES		0.023	0.000	0.000
TOTAL		18.404	19.426	17.589
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.845	1.277	0.949
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.966	0.522	1.662
DEFERREX TAX ASSETS		0.000	0.069	0.070
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	9.053	7.548	4.292
	Sundry Debtors	7.553	5.421	8.686
	Cash & Bank Balances	0.073	0.138	0.052
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	3.908	6.574	4.467
Total Current Assets		20.587	19.681	17.497
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1.418	0.010	0.954
	Other Current Liabilities	2.166	1.730	1.042
	Provisions	0.410	0.383	0.593
Total Current Liabilities		3.994	2.123	2.589
Net Current Assets		16.593	17.558	14.908
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		18.404	19.426	17.589

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009
	SALES
		Income	22.680	32.048
		Income from direct Sales	1.577	0.000
		Other Income	1.117	0.481
\		TOTAL (A)	25.374	32.529
Less	EXPENSES
		Cost of goods sold	14.411	20.689
		Staff cost	2.021	4.830
		Other Expenses	4.329	4.432
		Preliminary Expenses	0.000	0.134
		TOTAL (B)	20.761	30.085
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		4.613	2.444
Less	FINANCIAL EXPENSES (D)		2.249	1.198
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2.364	1.246
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.258	0.303
	PROFIT BEFORE TAX (E-F) (G)		2.106	0.943
Less	TAX (I)		0.712	0.595
	PROFIT AFTER TAX (G-I) (J)		1.394	0.348
(Less) / Add	Differed Tax(Income) / Expenses		(0.001)	0.039
Less	Prior Period Item		0.003	0.049
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1.549	1.211
	BALANCE CARRIED TO THE B/S		2.939	1.549
	Earnings Per Share (Rs.)		0.24	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	NA	5.48	1.06
Net Profit Margin (PBT/Sales)	(%)	NA	8.29	2.89
Return on Total Assets (PBT/Total Assets}	(%)	NA	10.04	5.11
Return on Investment (ROI) (PBT/Networth)		NA	0.10	0.16
Debt Equity Ratio (Total Liability/Networth)		1.40	1.50	2.62
Current Ratio (Current Asset/Current Liability)		5.15	9.27	6.75

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

Note:

The registered office of the company has been shifted from “C-2/2536 Vasant Kunj, New Delhi – 110070, India to Present address w.e.f 11.04.2011

Bankers Charges Report as per Registry

Corporate identity number of the company	U85121DL2006PTC154502
Name of the company	BR BIOMEDICALS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	D-71, Corner Building, Malviya Nagar Main Road New Delhi – 110017, India
This form is for	Creation of charges
Type of charge	· Book debts · Movable property (not being pledge)
Particular of charge holder	Oriental Bank of commerce, Overseas Branch, M-33 Greater Kailash-II, New Delhi – 110048, India
Nature of instrument creating charge	Agreement of Hypothecation of Assets
Date of instrument Creating the charge	05.02.2010
Amount secured by the charge	Rs. 2.000 million
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest @3% over present PLR of 12% PA with monthly resets or such other rate Fixed by The Bank. Penal interest @2% PA Terms of Repayment On demand or Stipulated by the Bank Margin As Stipulated by the Bank Extent and Operation of the charge 100% Others Adhoc limit of Rs. 2.000 million valid for a Period of 3 month
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of stock in trade and receivables not older than 90 days

Fixed Assets

· Computer and Printer

· Furniture and fitting

· Office equipment

· Motor Car

· Scooter and Motor cycle

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.51.05
UK Pound	1	Rs.81.09
Euro	1	Rs.67.39

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION		3
--BUSINESS SCALE	1~10
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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		28

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.