MIRA INFORM REPORT

Report Date :

16.04.2012

IDENTIFICATION DETAILS

Name :	Y V R MEDIVISION PRIVATE LIMITED
Registered Office :	Plot No 8, Seethanilayam, Vivekananda Nagar, Kukatpally, Hyderabad – 500037, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	24.12.2009
Com. Reg. No.:	01-066468
Capital Investment / Paid-up Capital :	Rs.11.000 Millions
CIN No.: [Company Identification No.]	U24232AP2009PTC066468
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacture, Exporter, Supply and Distributor of wide range of surgical Gowns, Shoe Covers, Bouffant Cap, Face Mask, HIV Kit etc.
No. of Employees :	50 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B 26

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

Maximum Credit Limit :	USD 43000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a relatively new company and yet to established itself gradually. There appears some losses in the current year. Trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – 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 (GENERAL DETAILS)

Name :	Mr. Venkateswara Reddy
Designation :	Director
Contact No.:	91-9951287666
Date :	10.04.2012

LOCATIONS

Registered Office :	Plot No 8, Seethanilayam, Vivekananda Nagar, Kukatpally, Hyderabad – 500037, Andhra Pradesh, India
Tel. No.:	91-40-23073462/23739888
Fax No.:	Not Available
Mobile No.:	91-9052688666/9951287666 (Mr. Venkateswara Reddy Yerika Reddy)
E-Mail :	camnreddy@gmail.com mnreddyca@yahoo.com yvreddy@yvrmedivision.com
Location:	Owned
Work Office:	Plot no. 19, 1st Floor, IDA, Balanagar, Hyderabad – 500037, Andhra Pradesh, India
Tel. No.:	91-40-23073462
Fax No.:	91-40-23073462
E-Mail:	info@yvrmedivision.com

DIRECTORS

As on 30.09.2011

Name :

Mr. Venkateswara Reddy Yerika Reddy

Designation :

Director

Address :

Plot 8, Seethanilayam, Vivekanandanagar, Kukatpally, Hyderabad – 500072, Andhra Pradesh, India

Date of Birth/Age :

06.01.1980

Date of Appointment :

24.12.2009

DIN No.:

02804772

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	U24232AP2009PTC066468	Y V R MEDIVISION PRIVATE LIMITED	Managing director	30-12-09	24-12-09	-	Active	NO
2	U24297AP2010PTC071208	VACLAR LABORATORIES PRIVATE LIMITED	Director	15-11-10	15-11-10	-	Active	NO
3	U24232AP2011PTC077840	PREMIER HEALTHCARE & SURGICALS INDIA PRIVATE LIMITED	Director	07-12-11	07-12-11	-	Active	NO

Name :

Mrs. Madhvilatha Reddy

Designation :

Director

Address :

Plot No. 199, S P Nagar, Kukatpally, Hyderabad – 500072, Andhra Pradesh, India

Date of Birth/Age :

15.06.1977

Date of Appointment :

03.1.2011

DIN No.:

03520290

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	U24232AP2009PTC066468	Y V R MEDIVISION PRIVATE LIMITED	Director	03-01-11	03-01-11	-	Active	NO
2	U24232AP2011PTC077840	PREMIER HEALTHCARE & SURGICALS INDIA PRIVATE LIMITED	Director	07-12-11	07-12-11	-	Active	NO

Name :

Mr. Sreekanth Kante

Designation :

Director

Address :

H No. 410, Bhavyas Varunvilla, Near Kartiya Hotel, Somajiguda, Hyderabad – 500082, Andhra Pradesh, India

Date of Birth/Age :

14.01.1980

Date of Appointment :

03.01.2011

DIN No.:

03278422

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	U24297AP2010PTC071208	VACLAR LABORATORIES PRIVATE LIMITED	Director	15-11-10	15-11-10	-	Active	NO
2	U24232AP2009PTC066468	Y V R MEDIVISION PRIVATE LIMITED	Director	03-01-11	03-01-11	-	Active	NO
3	U24232AP2011PTC077840	PREMIER HEALTHCARE & SURGICALS INDIA PRIVATE LIMITED	Director	07-12-11	07-12-11	-	Active	NO

Name :

Mr. Rajendra Prasad Chintala

Designation :

Director

Address :

3-5-87/0 Vivekananda Nagar Colony, Kukatpally, Hyderabad – 500072, Andhra Pradesh, India

Date of Birth/Age :

30.01.1979

Date of Appointment :

03.01.2011

DIN No.:

03278422

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	U24297AP2010PTC071208	VACLAR LABORATORIES PRIVATE LIMITED	Director	15-11-10	15-11-10	-	Active	NO
2	U24232AP2009PTC066468	Y V R MEDIVISION PRIVATE LIMITED	Director	03-01-11	03-01-11	-	Active	NO
3	U24232AP2011PTC077840	PREMIER HEALTHCARE & SURGICALS INDIA PRIVATE LIMITED	Director	07-12-11	07-12-11	-	Active	NO

Name :

Mr. K. R. Kishore

Designation :

Director

Date of Birth/Age :

31 Years

Qualification :

Graduate

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Venkateswara Reddy Yerika Reddy	475000
Sreekanth Kante	280000
Madhvilatha Reddy	205000
Rajendra Prasad Chintala	140000
Total	1100000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.000
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacture, Exporter, Supply and Distributor of wide range of surgical Gowns, Shoe Covers, Bouffant Cap, Face Mask, HIV Kit etc.
Products :	· Surgical Gowns · Shoe Covers Bouffant Cap Surgeon Cap · Face Mack · Surgical Packs · Surgical drapes · Leg O Drape · P C N L Drape · HIV Kit · Gynecology Kits · Laparoscopic Kits
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

· Wholesalers

· Retailers

No. of Employees :

50 (Approximately)

Bankers :

Andhra Bank, R C Puram Branch, R C Puram, Hyderabad – 500032, Andhra Pradesh, India

(Rs. In Millions)

Facilities :

Secured Loan	As on 31.03.2011	As on 31.03.2010
Andhra Bank - OCC	3.774	0.000
Andhra Bank – Term Loan	3..795	0.000
Total	7.569	0.000
Secured Loan	As on 31.03.2011	As on 31.03.2010
Unsecured Loan from Directors and Relatives	0.000	0.250
Total	0.000	0.250

Banking Relations :	--
Auditors :
Name :	M. N. Reddy and Company Chartered Accountant
Address :	Ameerpet, Hyderabad, Andhra Pradesh, India
PAN.:	AAIFM5259K
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
20,000,00	Equity Shares	Rs.10/- each	Rs. 20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
11,000,00	Equity Shares	Rs.10/- each	Rs.11.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		11.000	2.620
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		(0.091)	0.000
NETWORTH		10.909	2.620
LOAN FUNDS
1] Secured Loans		7.569	0.000
2] Unsecured Loans		0.000	0.250
TOTAL BORROWING		7.569	0.250
DEFERRED TAX LIABILITIES		0.163	0.000
TOTAL		18.641	2.870
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		9.407	0.000
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	4.126	0.000
	Sundry Debtors	4.535	0.000
	Cash & Bank Balances	0.113	0.346
	Other Current Assets	0.321	0.000
	Loans & Advances	1.144	2.330
Total Current Assets		10.239	2.676
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.979	0.000
	Other Current Liabilities	0.444	0.000
	Provisions	0.038	0.010
Total Current Liabilities		1.461	0.010
Net Current Assets		8.778	2.666
MISCELLANEOUS EXPENSES		0.272	0.020
Incidental Expenditure During the Construction		0.184	0.184
TOTAL		18.641	2.870

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2011
	INCOME FROM OPERATIONS	16.460
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)	1.648
Less	FINANCIAL EXPENSES (D)	0.487
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	1.161
Less/ Add	DEPRECIATION/ AMORTISATION (F)	1.072
	PROFIT BEFORE TAX (E-F) (G)	0.089
Less	TAX (I)	0.179
	PROFIT AFTER TAX (G-I) (J)	(0.090)

Particulars	31.03.2012
Sales Turnover (Approximately)	20.000

Expected Sales (2012-2013 ) : Rs.25.000 Millions

The above information has been parted by Mr. Venkateswara Reddy - Director

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010
Return on Total Assets (PBT/Total Assets}	(%)	0.86	NA
Return on Investment (ROI) (PBT/Networth)		0.00	NA
Debt Equity Ratio (Total Liability/Networth)		0.13	0.00
Current Ratio (Current Asset/Current Liability)		7.00	267.6

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	Yes
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 three years	No
13) Reasons for variation <> 20%	No
14) Estimation for coming financial year	Yes
15) Capital in the business	Yes
16) Details of sister concerns	No
17) Major suppliers	No
18) Major customers	Yes
19) Payments terms	Yes
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	--
29) Last accounts filed at ROC	--
30) Major Shareholders, if available	Yes

Corporate identity number of the company	U24232AP2009PTC066468
Name of the company	Y V R MEDIVISION PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot No.8, Seethanilayam, Vivekananda Nagar Kukatpally Hyderabad – 500072,Andhra Pradesh, India Email: camnreddy@gmail.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10216213
Type of charge	Immovable property Book debts Movable property (not being pledge) Floating charge
Particular of charge holder	Andhra Bank, R C Puram Branch, R C Puram, Hyderabad – 500032, Andhra Pradesh, India Email: bmhydm455@andhrabank.co.in
Nature of instrument creating charge	1. Letter of sanction of Renewal and Enhancement of Open Cash Credit & Fresh Term Loan dated 16.01.2012. 2. Composite Agreement dated 19.01.2012.
Date of instrument Creating the charge	19.01.2012
Amount secured by the charge	Rs.14.340 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest 1. Cash Credit : 13.50% (Base Rate+2.75%) at present 2. Term Loan : 13.75% ((Base Rate+2.75%+TP) at present Terms of Repayment 1. Open Cash Credit : One year from the date of sanction 2. Term Loan: Repayable in 72 monthly installments commencing from April 2012 Margin 1. Open Cash Credit - 25% on Inventory and 50% on receivables not older than 90 days. 2. Term Loan - 25% on Machinery Extent and Operation of the charge 1. Open Cash Credit of Rs. 5.500 Millions Prime security is first charge on all the chargeable current assets of the company. 2. Term Loan of Rs. 1.200 Millions. Prime Security is Hypothecation of the proposed machinery valued at 1.600 Millions.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Prime security is on Stock, book debts & Machinery situated at Plot No.17, First Floor, IDA, Balanagar, Hyderabad-500037.
Date of instrument modifying the charge	23.3.2011
Particulars of the present modification	1. Enhancement of OCC limits from Rs.4.100 Millions to Rs.5.500 Millions 2. Sanctioning of fresh Term Loan III of Rs.1.200 Millions.

FIXED ASSETS

· Computer and Periperals

· Electrical Equipments

· Furniture and Fittings

· Plant and Machinery

· Phones and Faxes

· Building and Structures

· Vehicles

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.51.41
UK Pound	1	Rs.81.93
Euro	1	Rs.67.66

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	2
--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		26

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.