MIRA INFORM REPORT

Report Date :

19.06.2012

IDENTIFICATION DETAILS

Name :	VISHWAKARMA HEALTH CARE PRIVATE LIMITED
Registered Office :	9/435, Balu Goma Gali, Outside Agra Gate, Ajmer – 305001, Rajasthan
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	09.06.2009
Com. Reg. No.:	17-029100
Capital Investment / Paid-up Capital :	Rs.5.285 Millions
CIN No.: [Company Identification No.]	U24232RJ2009PTC029100
TAN No.: [Tax Deduction & Collection Account No.]	JDHV02424C
PAN No.: [Permanent Account No.]	AADCV2333H
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Flexible Packaging Material, Laminates (Aluminium Foil and Paper) for Gutka Pouch and Other Pouches.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Yet to commence business
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a relatively new company and yet to commence its business activities. However, trade relations are reported as fair. Business is active. Payments are reported unknown. 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.

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 DECLINED BY

Name :	Mr. Pushpendra Sharma
Designation :	Director
Contact No.:	91-9414006441
Date :	18.06.2012

LOCATIONS

Registered Office :	9/435, Balu Goma Gali, Outside Agra Gate, Ajmer – 305001, Rajasthan, India
Tel. No.:	Not Available
Mobile No.:	91-9414006441 (Mr. Pushpendra Sharma)
Fax No.:	Not Available
E-Mail :	bhandari.bsb@gmail.com ara_2005@rediffmail.com
Factory :	Village Brikachiawas, Mangliawas, Nasirabad Road, Ajmer – 305001, Rajasthan, India
Tel. No.:	91-145 2782255/ 56
Correspondence Address :	151, Near Sant Kanwar Ram Circle, Adarsh Nagar, Ajmer – 305001, Rajasthan, India
Tel. No.:	91-145-2782255
Fax No.:	91-145-2782256

DIRECTORS

(AS ON 30.09.2011)

Name :

Mr. Pushpendra Sharma

Designation :

Director

Address :

435, Balu Goma Gali, Agra Gate, Ajmer – 305001, Rajasthan, India

Date of Birth/Age :

20.06.1958

Date of Appointment :

09.06.2009

DIN No.:

00139861

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U17116RJ2005PTC021813	PRAGYA METALLIZERS PRIVATE LIMITED	Director	27-12-05	27-12-05	19-05-07	Active	NO
2	U24232RJ2009PTC029100	VISHWAKARMA HEALTH CARE PRIVATE LIMITED	Director	09-06-09	09-06-09	-	Active	NO

Name :

Mr. Mahendra Kumar Sharma

Designation :

Director

Address :

435, Balu Goma Gali, Agra Gate, Ajmer – 305001, Rajasthan, India

Date of Birth/Age :

31.01.1955

Date of Appointment :

09.06.2009

DIN No.:

00139575

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U17116RJ2005PTC021813	PRAGYA METALLIZERS PRIVATE LIMITED	Director	27-12-05	27-12-05	Active	NO
2	U24232RJ2009PTC029100	VISHWAKARMA HEALTH CARE PRIVATE LIMITED	Director	09-06-09	09-06-09	Active	NO

Name :

Mr. Rajendra Kumar Sharma

Designation :

Director

Address :

435, Balu Goma Gali, Agra Gate, Ajmer – 305001, Rajasthan, India

Date of Birth/Age :

28.03.1971

Date of Appointment :

09.06.2009

DIN No.:

00139791

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U17116RJ2005PTC021813	PRAGYA METALLIZERS PRIVATE LIMITED	Director	27-12-05	27-12-05	19-05-07	Active	NO
2	U24232RJ2009PTC029100	VISHWAKARMA HEALTH CARE PRIVATE LIMITED	Director	09-06-09	09-06-09	-	Active	NO

Name :

Mr. Praveen Sharma

Designation :

Director

Address :

435, Balu Goma Gali, Agra Gate, Ajmer – 305001, Rajasthan, India

Date of Birth/Age :

18.06.1974

Date of Appointment :

09.06.2009

DIN No.:

00139818

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U17116RJ2005PTC021813	PRAGYA METALLIZERS PRIVATE LIMITED	Director	27-12-05	27-12-05	19-05-07	Active	NO
2	U24232RJ2009PTC029100	VISHWAKARMA HEALTH CARE PRIVATE LIMITED	Director	09-06-09	09-06-09	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2011)

Names of Shareholders	No. of Shares
Mahendra Kumar Sharma	6250
Pushpendra Sharma	8250
Rajendra Kumar Sharma	6250
Praveen Sharma	6250
B. N. Sharma and Sons HUF	10000
Chiman Lal Sharma	5000
Naveen Sharma	2000
Mahendra Kumar Sharma HUF	1450
Ravindra Kumar Sharma HUF	1500
Praveen Sharma HUF	1500
Chiman Lal Sharma HUF	1450
Chandra Shekhar Sharma HUF	1500
Naveen Sharma HUF	1450
Total	52850

(AS ON 30.09.2011)

Equity Shares Break – up

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Flexible Packaging Material, Laminates (Aluminium Foil and Paper) for Gutka Pouch and Other Pouches.

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

· State Bank of India

RASMECCC, Opposite Collectorate, Civil Lines, Ajmer – 305001, Rajasthan, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Secured Loans	8.903	0.000
Total	8.903	0.000
Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
M K Sharma	0.000	0.075
P K Sharma	0.200	0.075
Rajendra Sharma	0.000	0.075
Praveen Sharma	0.000	0.075
Total	0.200	0.300

Banking Relations :	--
Auditors :
Name :	Ajay Somani and Company Chartered Accountant
Address :	28, Ashok Marg, Ana Sagar Link Road, Ajmer – 305001, Rajasthan, India
Tel No.:	91-145-2621370/ 5130110
PAN No.:	AAHFA9534E

CAPITAL STRUCTURE

(AFTER 30.09.2011)

Authorised Capital : Rs.9.000 Millions

Issued, Subscribed & Paid-up Capital : Rs.8.200 Millions

(AS ON 30.09.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
65000	Equity Shares	Rs.100/- each	Rs.6.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
52850	Equity Shares	Rs.100/- each	Rs.5.285 Millions

(AS ON 31.03.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
42000	Equity Shares	Rs.100/- each	Rs.4.200 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
42000	Equity Shares	Rs.100/- each	Rs.4.200 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		4.200	0.200
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		0.000	0.000
NETWORTH		4.200	0.200
LOAN FUNDS
1] Secured Loans		8.903	0.000
2] Unsecured Loans		0.200	0.300
TOTAL BORROWING		9.103	0.300
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		13.303	0.500
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3.816	0.413
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	0.000	0.000
	Sundry Debtors	0.000	0.000
	Cash & Bank Balances	0.032	0.050
	Other Current Assets	0.000	0.000
	Loans & Advances	9.035	0.000
Total Current Assets		9.067	0.050
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor and Other Current Liabilities	0.007	0.002
	Provisions	0.000	0.000
Total Current Liabilities		0.007	0.002
Net Current Assets		9.060	0.048
MISCELLANEOUS EXPENSES		0.427	0.039
TOTAL		13.303	0.500

KEY RATIOS

PARTICULARS	31.03.2011	31.03.2010
Debt Equity Ratio (Total Liability/Networth)	2.17	1.51
Current Ratio (Current Asset/Current Liability)	1295.29	25.00

LOCAL AGENCY FURTHER INFORMATION

Check list by info Agents	Available in Report (Yes/ No)
Year of Establishment	Yes
Locality of the Firm	Yes
Constitution of the Firm	Yes
Premises details	No
Type of Business	Yes
Line of Business	Yes
Promoter’s Background	Yes
No. of Employees	No
Name of Person Contacted	Yes
Designation of Contact person	Yes
Turnover of Firm for last three years	No
Profitability for last three years	No
Reasons for variation <> 20%	-----
Estimation for coming financial year	No
Capital in the business	Yes
Details of sister concerns	No
Major Suppliers	No
Major Customers	No
Payments Terms	No
Export/ Imports Details (If applicable)	No
Market Information	-----
Litigations that the firm/ Promoters Involved in	-----
Banking details	Yes
Banking Facility Details	Yes
Conduct of the Banking Account	-----
Buyer visit details	-----
Financials, if provided	Yes
Incorporation details is applicable	Yes
Last Accounts filed at ROC	Yes
Major Shareholders, if available	Yes

FINANCIAL RESULTS

Since the company has not commenced any commercial activity during the period no profit and loss accounts was prepared. All the expenses incurred have been debited to “Pre-operative expenses account”.

FUTURE PROSPECTUS

The directors hope that the commercial activities of the company will be commenced during the current financial year and the company would be able to achieve satisfactory profit.

FORM 8:

This form is for	Creation of charge
Corporate identity number of the company	U24232RJ2009PTC029100
Name of the company	VISHWAKARMA HEALTH CARE PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	9/435, Balu Goma Gali, Outside Agra Gate, Ajmer – 305001, Rajasthan, India bhandari.bsb@gmail.com
Type of charge	Immovable property Book Debts Movable Property
Particular of charge holder	State Bank of India RASMECCC, Opposite Collectorate, Civil Lines, Ajmer – 305001, Rajasthan, India sanjay.garg@sbi.co.in
Nature of description of the instrument creating or modifying the charge	Agreement of Loan-cum-Hypothecation Arrangement letter Memorandum for Recording creation of mortgage by Deposit of title Deeds.
Date of instrument Creating the charge	24/01/2011
Amount secured by the charge	Rs.18.700 Millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Rate of Interest C.C. 13.60% p.a. (6% above base rate) floating with monthly rests. Term Loan 14.35% p.a. (6.75% above base rate) floating with monthly rests. Terms of Repayment C.C.: On Demand. Term Loan will be paid in 72 installments with 7 months moratorium after project completion in March 2011 i.e. 65 installments w.e.f. 01/11/2011 as under :- i) First 5 monthly installments of Rs.0.091 Million + interest each. ii) Next 12 monthly installments of Rs.0.135 Million + interest each. iii) Next 45 monthly installments of Rs.0.170 Million + interest each. iv) Next 3 monthly installments of Rs.0.150 Million + interest each. Margin SL. ITEM MARGIN 1. RAW MATERIAL: INDIGENOUS 25% 2. SEMI FINISHED GOODS 25% 3. FINISHED GOODS 25% 4. DOMESTIC RECEIVABLES 40% (cover period 60 days) 5. Term Loan 28.55% Extent and Operation of the charge First and exclusive charge in favour of Chargeholder. first charge on the followings: 1) Equitable mortgage of property at part of Khasra No. 1784 and 1785 Village Birakchiyawas 2) Hypothecation of stocks, book debts and receivables 3) All movable plant and machinery financed by the bank in the name of the company.
Short particulars of the property charged	Exclusive 1st hypothecation charge on entire current assets comprising: (A) Stock of R.M., Stores and Spares, Consumables, Sip, FG etc. at its works, godowns etc. (Present and future) and incl. stock in transit and cash/credit balance in their Loan A/C, (B) All present and future book debts/receivables as also clean or documentary bills, domestic or export, whether accepted or otherwise and the cheques/drafts/ instruments etc. drawn in its favour. Exclusive first hypothecation charge over the fixed assets to be acquired for upcoming project. Equitable mortgage of factory land and building situated at Khasra No. 1784 and 1785, Village Brikchiyawas, Tehsil and District Ajmer (Rajasthan) Exclusive first charge on the company's entire other fixed assets, present and future, movable and immovable, plant and machinery and other misc fixed assets.

FIXED ASSETS:

· Plant and Machinery

· Building Constriction

· Land

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.55.60
UK Pound	1	Rs.87.34
Euro	1	Rs.70.66

INFORMATION DETAILS

Information Gathered by :	SBA
Report Prepared by :	NIT

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.