MIRA INFORM REPORT

Report Date :

13.03.2012

IDENTIFICATION DETAILS

Name :	R. D. M. CARE (INDIA) PRIVATE LIMITED (w.e.f.10.08.2006)
Formerly Known As :	RDM TRADERS PRIVATE LIMITED
Registered Office :	2/12, West Patel Nagar, Main Patel Road, New Delhi-110008
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	19.11.1993
Com. Reg. No.:	55-056151
Capital Investment / Paid-up Capital :	Rs. 55.000 Millions
CIN No.: [Company Identification No.]	U74899DL1993PTC056151
TAN No.: [Tax Deduction & Collection Account No.]	DELR08589A
PAN No.: [Permanent Account No.]	AAACR1673H
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Supplier of Natural Cosmetic Products.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 1300000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual 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 :	2/12, West Patel Nagar, Main Patel Road, New Delhi-110008, India
Tel. No.:	91-11-25888931
Fax No.:	91-11-25889840
E-Mail :	ayur.herbals@gmail.com

DIRECTORS

AS ON 30.09.2011

Name :	Mr. Dilvinder Singh Narang
Designation :	Director
Address :	46/78, Punjabibagh, New Delhi-110026, India
Date of Birth/Age :	26.06.1956
Date of Appointment :	19.11.1993
DIN No.:	01542203

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	U74899DL1991PTC046629	THREE-N-PRODUCTS PRIVATE LIMITED	Director	04-12-91	04-12-91	-	Active	NO
2	U74899DL1992PTC051188	THREE-N-CONSTRUCTION PRIVATE LIMITED	Director	01-12-92	01-12-92	-	Active	NO
3	U74899DL1993PTC056151	R. D. M. CARE (INDIA) PRIVATE LIMITED	Director	19-11-93	19-11-93	-	Active	NO
4	U74899DL1995PTC071935	GURU DHARA TRAVELS (INDIA) PRIVATE LIMITED	Director	24-08-95	24-08-95	-	Active	NO
5	U65921DL1996PTC082816	VINTAGE STUDIO PRIVATE LIMITED	Director	01-01-02	01-01-02	-	Active	NO
6	U24245DL2002PTC117419	AYUR HERBALS PRIVATE LIMITED	Director	21-10-02	21-10-02	-	Not Available for eFiling	NO
7	U24245RJ2002PTC018665	AYUR HERBALS PVT.LTD.(TRANSFERRED FROM NCT OF DELHI ANDHARYANA	Director	13-10-03	13-10-03	-	Active	NO
8	U40108DL2009PTC190411	DTH RENEWABLE ENERGY SOLUTIONS PRIVATE LIMITED	Director	30-08-10	19-05-09	-	Active	NO
9	L22012PB1995PLC016755	NUWAY ORGANIC NATURALS INDIA LIMITED	Additional director	03-07-10	03-07-10	27-09-10	Active	NO
10	U74899DL1985PTC022552	B K RS LEASING PRIVATE LTD	Director	18-04-11	18-04-11	-	Active	NO

Name :	Mr. Chandra Kanta Jain
Designation :	Director
Address :	1270, Paharganj, New Delhi-110055, India
Date of Birth/Age :	31.03.1967
Date of Appointment :	01.03.1995
DIN No.:	02587236
Name :	Mr. Jaspal Singh
Designation :	Director
Address :	3093, Ranjit Nagar, New Delhi-110008, India
Date of Birth/Age :	10.07.1971
Date of Appointment :	01.03.1995
DIN No.:	01401022

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	U74899DL1993PTC056151	R. D. M. CARE (INDIA) PRIVATE LIMITED	Director	01-03-95	01-03-95	Active	NO
2	U74899DL1991PTC046629	THREE-N-PRODUCTS PRIVATE LIMITED	Director	09-04-09	19-01-09	Active	NO
3	U24245RJ2002PTC018665	AYUR HERBALS PVT.LTD.(TRANSFERRED FROM NCT OF DELHI ANDHARYANA	Director	09-04-09	06-03-09	Active	NO
4	U74899DL1992PTC051188	THREE-N-CONSTRUCTION PRIVATE LIMITED	Director	27-04-09	02-04-09	Active	NO
5	U74899DL1985PTC022552	B K RS LEASING PRIVATE LTD	Director	18-04-11	18-04-11	Active	NO

KEY EXECUTIVES

Name :	Ms. Megha Bansal
Designation :	Secretary
Address :	A-37, Laxmi Nagar, New Delhi-110092, India
Date of Birth/Age :	25.06.1985
Date of Appointment :	14.07.2010
Pan No.:	AZUPB4140R

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares	Percentage of Holding
Reminder Singh	49500	9%
Dilvinder Singh	404000	73.46%
Manminder Singh	58500	10.63%
Diljot Kaur	1000	0.18%
Jaspal Singh	3500	0.64%
Chandra Kanta	3500	0.64%
Gurshanran Kaur	8000	1.45%
Sonia Narang	11000	2%
Anchal Narang	11000	2%
Total	550000	100.00%

AS ON 30.09.2011

Equity Shares Break Up	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Supplier of Natural Cosmetic Products.
Products :	· Shampoo · Cold Cream · Lotion

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· ING Vysya Bank Limited, Nagar 13, Main Road, West Patel Nagar, New Delhi-110008, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Rupee term loans secured
Rupee term loans banks secured	55.469	8.517
Working capital loans secured
Working capital loans banks secured	61.736	46.448
Total	117.205	54.965
Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Other Debts Unsecured	55.314	54.282
Total	55.314	54.282

Banking Relations :	--
Auditors :
Name :	Alok Bajaj and Company Chartered Accountant
Address :	Vardaan Mansion, Ground Floor, Building No.75, Block No.7 A, Wea, Karol Bagh, New Delhi, India
Pan No.:	AEOPB5774N
Subsidiaries :	DTH Renewable Energy Solutions Private Limited CIN No.: - U40108DL2009PTC190411
Associates :	Three-N-Products Private Limited CIN No.: - U74899DL1991PTC046629 Ayur Herbals Private Limited CIN No.: - U24245RJ2002PTC018665 Nuway Organic Naturals India Limited CIN No.: - L22012PB1995PLC016755 Vintage Studio Private Limited CIN No.: - U65921DL1996PTC082816 · Kunal Enterprises · Pearls of Beauty · Narang Brothers · Rainbow Passion

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
600000	Equity Shares	Rs.100/- each	Rs. 60.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
550000	Equity Shares	Rs.100/- each	Rs. 55.000 Millions

AS ON 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
600000	Equity Shares	Rs.100/- each	Rs. 60.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
570000	Equity Shares	Rs.100/- each	Rs. 57.000 Millions

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		55.000	55.000	2.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		277.338	221.773	203.852
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		332.338	276.773	206.352
LOAN FUNDS
1] Secured Loans		117.205	54.965	8.038
2] Unsecured Loans		55.314	54.282	0.000
TOTAL BORROWING		172.519	109.247	8.038
DEFERRED TAX LIABILITIES		0.000	0.0000	0.388
TOTAL		504.857	386.020	214.778
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		107.931	83.083	59.153
Capital work-in-progress		116.785	54.811	0.000
INVESTMENT		110.592	109.975	70.291
DEFERREX TAX ASSETS		2.034	0.009	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	135.554	79.107	54.225
	Sundry Debtors	123.936	144.451	88.643
	Cash & Bank Balances	56.716	32.521	62.465
	Other Current Assets	9.451	5.986	0.000
	Loans & Advances	12.513	70.637	95.922
Total Current Assets		338.170	332.702	301.255
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	57.877	81.955	50.740
	Other Current Liabilities	120.526	114.645	128.999
	Provisions	0.165	0.110	36.952
Total Current Liabilities		178.568	196.710	216.691
Net Current Assets		159.602	135.992	84.564
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
OTHER ASSETS		7.913	2.150	0.770
TOTAL		504.857	386.020	214.778

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	NA	1749.466	1673.243
		Other Income	NA	6.477	4.748
		TOTAL (A)	NA	1755.943	1677.991
Less	EXPENSES
		Purchase of Finished Goods	NA	1085.521	1119.756
		Direct Expenses		31.869	30.261
		Employees Cost		41.217	39.838
		Director’s Remuneration		19.488	10.392
		Administrative Expenses		68.868	59.482
		Selling Expenses		424.373	316.252
		Increase / (Decrease) in Stock		(24.881)	(2.244)
		TOTAL (B)	NA	1646.455	1573.737
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		NA	109.488	104.254
Less	FINANCIAL EXPENSES (D)		NA	4.844	5.190
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		92.173	104.644	99.064
Less/ Add	DEPRECIATION/ AMORTISATION (F)		7.371	6.883	5.737
	PROFIT BEFORE TAX (E-F) (G)		84.802	97.761	93.327
Less	TAX (H)		29.176	33.610	35.652
	PROFIT AFTER TAX (G-H) (I)		55.626	64.151	57.675
	BALANCE CARRIED TO THE B/S		NA	64.151	57.675
	Earnings Per Share (Rs.)		154.19	120.70	109.83

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	NA	3.65	3.44
Net Profit Margin (PBT/Sales)	(%)	NA	5.59	5.58
Return on Total Assets (PBT/Total Assets}	(%)	18.92	23.51	25.89
Return on Investment (ROI) (PBT/Networth)		0.25	0.35	0.45
Debt Equity Ratio (Total Liability/Networth)		1.06	1.11	1.09
Current Ratio (Current Asset/Current Liability)		1.89	1.69	1.39

LOCAL AGENCY FURTHER INFORMATION

PERFORMANCE REVIEW

During the year, the company has earned a net profit of Rs. 84.802 Millions against previous year’s profit of Rs.97.761 Millions The Directors of the company are quite hopeful that profitability of the company will further improve in the coming year.

FORM 8

Corporate identity number of the company	U74899DL1993PTC056151
Name of the company	R. D. M. CARE (INDIA) PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	2/12, West Patel Nagar, Main Patel Road, New Delhi-110008, India
This form is for	Modification of charge
Type of charge	Book debts Movable property (not being pledge) Floating charge Others
Particular of charge holder	ING Vysya Bank Limited, Nagar 13, Main Road, West Patel Nagar, New Delhi-110008, India
Nature of instrument creating charge	Supplemental Deed of Hypothecation
Date of instrument Creating the charge	04.12.2010
Amount secured by the charge	Rs. 160.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest CC : IVBR+3.75% TL(Existing) : IVBR+3.75% LC(sub limit to TL) : Commission 1% Terms of repayment CC : On Demand TL(Existing) : No Change LC(sub limit to TL) : No Change Margin CC : 25% on stocks and 30% on book debts. TL(Existing) : No change LC(sub limit to TL) : No Change Extent and operation of the charge First charge on hypothecation of entire stocks and book debts of the company both present and future. First charge on entire assets purchased/created with the term loan.
Short particulars of the property charged (Including location of the property)	All the stocks and book debts of the company both present and future. All the assets purchased/created with the term loan.
Charge identification number of the charge to be modified	90048945
Particulars of the present modification	The total limit has been enhanced from Rs.110.000 Millions to Rs.160.000 Millions as follows CC of Rs.100.000 Millions (Enhanced from 50.000 Millions), TL (Existing) of Rs.60.000 Millions and LC (Sub limit to TL) of Rs.(40.000 Millions). All other existing securities are continuing. All other terms and conditions remain same.

FIXED ASSETS

· Land

· Building

· Furniture and Fixtures

· Plant and Machinery

· Car

· Computer

· Ambulance

· Mini Bus

· Tempo Traveler

· Motor Cycle

· Computer Software

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. 49.94
UK Pound	1	Rs. 78.25
Euro	1	Rs. 65.39

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		50

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.