MIRA INFORM REPORT

Report Date :

26.06.2012

IDENTIFICATION DETAILS

Name :	MEDICO ELECTRODES (INDIA) PRIVATE LIMITED
Registered Office :	321 A/3, 1^ST Floor, Hari Nagar, Ashram, New Delhi - 110014
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	29.05.2002
Com. Reg. No.:	55-115589
Capital Investment / Paid-up Capital :	Rs.0.500 Million
CIN No.: [Company Identification No.]	U33112DL2002PTC115589
TAN No.: [Tax Deduction & Collection Account No.]	DELM07853G
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturers and exporters of disposable electrocardiographic electrodes.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Yet to Commence Business Activity
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Thought the company was incorporated in the year 2002. But they have not started with their business activity. The director Mr. Amit Mehra has denied to provide any information about the company. Payments are unknown. The company can be considered for business dealings on a safe and secure 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

LOCATIONS

Registered Office :	321 A/3, 1^stFloor, Hari Nagar, Ashram, New Delhi – 110014, India
Tel. No.:	Not Available
Mobile No.:	91-9312349061
Fax No.:	Not Available
E-Mail :	vinodgupta10@gmail.com

DIRECTORS

As on 31.03.2011

Name :

Mr. Amit Mehra

Designation :

Managing Director

Address :

H-10, Sector – 39, Gautam Budh Nagar, Noida – 201303, Uttar Pradesh, India

Date of Birth/Age :

26.12.1969

Date of Appointment :

29.05.2002

DIN No.:

00058151

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	U33112DL2002PTC115589	MEDICO ELECTRODES (INDIA) PRIVATE LIMITED	Managing director	29/05/2002	29/05/2002	-	Active	NO
2	U33110DL2011PLC221311	MEDICO ELECTRODES INTERNATIONAL LIMITED	Director	23/06/2011	23/06/2011	-	Active	NO

Name :

Mrs. Molly Mehra

Designation :

Director

Address :

H-10, Sector – 39, Gautam Budh Nagar, Noida – 201303, Uttar Pradesh, India

Date of Birth/Age :

30.10.1972

Date of Appointment :

29.05.2002

DIN No.:

00058076

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	U33112DL2002PTC115589	MEDICO ELECTRODES (INDIA) PRIVATE LIMITED	Director	29/05/2002	29/05/2002	-	Active	NO
2	U24224DL1997PTC091160	RECORDO GRAPHICS INDIA PRIVATE LIMITED.	Director	1/04/2003	1/04/2003	-	Active	NO
3	U33110DL2011PLC221311	MEDICO ELECTRODES INTERNATIONAL LIMITED	Director	23/06/2011	23/06/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 26.09.2011

Names of Shareholders	No. of Shares
Amit Mehra	25000
Molly Mehra	25000
Total	50000

Equity Share Break up (Percentage of Total Equity)

As on 26.09.2011

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturers and exporters of disposable electrocardiographic electrodes.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Axis Bank Limited, 3^rd Floor, Trishul Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad – 380009, Gujarat, India

· Axis Bank Limited, Sector – 16, Noida, Uttar Pradesh, India

· CITI Bank

Facilities :

(Rs. in Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Car Loan From CITI Bank	0.000	0.099
Total	0.000	0.099

Banking Relations :	--
Auditors :
Name :	Vinod Gupta Chartered Accountant
Address :	508, Vishal Chamber, Sector – 18, Noida – 201301, Uttar Pradesh, India
PAN.:	AELPG2624M

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 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		0.500	0.500	0.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		2.745	1.553	1.802
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		3.245	2.053	2.302
LOAN FUNDS
1] Secured Loans		0.000	0.099	0.351
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.099	0.351
DEFERRED TAX LIABILITIES		0.000	0.000	0.119
TOTAL		3.245	2.152	2.772
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.295	0.398	2.292
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.038	0.030	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.072
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	2.922	2.879	1.484
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.062	0.086	0.126
Total Current Assets		2.984	2.965	1.682
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000	0.000	0.000
	Other Current Liabilities	0.055	1.211	1.197
	Provisions	0.017	0.030	0.005
Total Current Liabilities		0.072	1.241	1.202
Net Current Assets		2.912	1.724	0.480
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		3.245	2.152	2.772

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income
		Other Income
		TOTAL (A)	0.408	0.408	0.674
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	0.275	0.466	0.097
Less	PROFIT/LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.133	(0.058)	0.577
Less	FINANCIAL EXPENSES (D)		0.003	0.015	0.061
	PROFIT/LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.130	(0.073)	0.516
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.103	0.297	0.497
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		0.027	(0.370)	0.019
Less	TAX (I)		0.008	(0.121)	(0.017)
	PROFIT/(LOSS) AFTER TAX (G-I) (J)		0.019	(0.249)	0.036
	Earnings/Loss Per Share (Rs.)		0.38	(0.498)	0.72

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	4.66	61.03	5.34
Return on Total Assets (PBT/Total Assets}	(%)	0.90	12.48	1.13
Return on Investment (ROI) (PBT/Networth)		0.01	0.18	0.01
Debt Equity Ratio (Total Liability/Networth)		0.02	0.60	0.52
Current Ratio (Current Asset/Current Liability)		41.44	2.39	1.40

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	No
10) Designation of contact person	No
11) Turnover of firm for last three years	Yes
12) Profitability for last three 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	No
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: Registered office of the company has been shifted from 321, Ahari Nagar Ashram, New Delhi – 110014, India to the present address w.e.f.03.10.2011

Operation

During the year Company has not done any business. Other Income includes income received from the leasing out of the vehicles during the year and other miscellaneous expenses. Directors of the company are exploring any other new business for the Company.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U33112DL2002PTC115589
Name of the company	MEDICO ELECTRODES (INDIA) PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	321 A/3, 1^stFloor, Hari Nagar, Ashram, New Delhi – 110014, India
This form is for	Modification of charge
Type of charge	Equitable mortgage or mortgage of property by depositing the title deeds
CIN	L65110GJ1993PLC020769
Particular of charge holder	UTI Bank Limited, 3^rd Floor, Trishul Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad – 380009, Gujarat, India Email: manish.g@utibank.co.in
Amount secured by the charge	Rs.9.447 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest BPLR-2% i.e. 11%, payment to be made in 60 monthly instalments of Rs. 25000 each starting from the next month of disbursment of loan
Description of the property charged indicating whether it is a charged on	· Immovable properties · Stock in trade · Plant and machinery · Book debts · Fixed deposits
Particulars of the property charged	Plot No. 10 Sector-39, Noida In Name of Sh. Amit Mehra, Director
Charge identification number of the charge to be modified	90051366
Brief description of the instrument modifying the charge under section 135	Deed of hypothection of current asstes dated 11th august, 2006, hypothecation of machinery and other movable fixed assets
Date of instrument modifying the charge	11.08.2006
Particulars of the present modification	Term loan of Rs.1.500 Millions has been satisfied other terms and conditions for cash credit Rs.7.500 Millions export credit limit Rs.7.500 Millions term loan Rs.0.947 Million bg-10lacs aggregating Rs.9.447 Millions remains sames.

AS PER WEBSITE DETAILS

COMPANY PROFILE

Subject under the brand name of Medico Leadlok, provides Disposable ECG Electrodes of the highest quality with the unique "Lead Locking Tab."

Their Technical Partner, Leadlok Inc., based in Idaho, USA has been in business since 1986 and ISO 9001 certified since 1997. With their market experience and technical expertise behind us, Subject. Was launched to manufacture disposable electrocardiographic electrodes (ECG Electrodes), a model designed primarily for Stress testing, Holter monitoring, telemetry and long-term applications in ICU/CCU. Today Medico Leadlok has emerged as the leader in high-tech innovations as a manufacturer for a full range of ECG electrodes for Holter/stress, ICU-CCU, Cath lab, pediatric, anesthesia and emergency consisting of wet gel ECG electrodes and solid gel ECG electrodes.

The patented Leadlok design consists of a unique lead-locking tab that secures the lead wire and restricts movement against the electrode snap. This eliminates a major source of artifact and noise, producing one of the cleanest ECG tracings possible.

They proudly announce that they are a DNV approved ISO 9001: 2000 company and their products carry the CE mark. The high quality of Medico Leadlok's ECG electrodes allows their customers' equipment to function at optimum levels. To assure this, Medico Leadlok has taken state-of-the-art electrode manufacturing facilities, imported from the USA, and added the finest material and highest quality control standards. This, combined with a patented electrode design, allows us to provide the best possible interface between patient and machine.
It is interesting to note that the entire raw material stock has been sourced from leading manufacturers from Europe, America and the Far East, enabling us to provide the same high quality electrodes to their customers which are available to all leading and quality conscious markets the world over.

It is Medico Leadlok's unique design, experience and marketing expertise that has allowed the company to compete successfully in this rapidly growing market. They hope you enjoy their product, too, and invite you to contact us if you have any questions. Get in touch

With Medico Electrodes- ECG Electrodes manufacturers India for requirements and questions related to ECG Electrodes, Disposable ECG Electrodes, Liquid ECG Electrodes, Solid ECG Electrodes from India.

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.56.53
UK Pound	1	Rs.88.09
Euro	1	Rs.70.83

INFORMATION DETAILS

Report Prepared by :

KVT

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.