MIRA INFORM REPORT

Report Date :

31.03.2012

IDENTIFICATION DETAILS

Name :	PROVEDA HERBAL PRIVATED LIMITED
Registered Office :	C-4, First Floor, Paschami Marg, Vasant Vihar, New Delhi – 110057, Delhi
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	08.10.2010
Com. Reg. No.:	55-209223
Capital Investment/ Paid-up Capital:	Rs.0.100 Million
CIN No.: [Company Identification No.]	U24100DL2010PTC209223
TAN No.: [Tax Deduction & Collection Account No.]	DELP16983B
PAN No.: [Permanent Account No.]	AAFCP6973P
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing and Trading of Cosmetics and Herbal Products
No. of Employees:	2 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Maximum Credit Limit :	USD 220
Status :	New Company
Payment Behaviour :	Unknown
Comments :	Subject is a new company and yet to commence it’s business activities. As confirmed by Mr. Mohan (Account Manager), the company is going to start its commercial business activities from April 2012. Payments are unknown. The company can be considered for business dealing 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 PARTED BY

Name :	Mr. Mohan
Designation :	Account Manager
Contact No.:	91-11-25888811
Date :	15.03.2012

LOCATIONS

Registered Office :	C-4, First Floor, Paschami Marg, Vasant Vihar, New Delhi – 110057, Delhi, India
Tel. No.:	91-11-25888811 / 25685012
Fax No.:	91-11-25884011
E-Mail :	provedaherbals@yahoo.co.in cakumarvishnu@gmail.com
Area :	12000 Sq.ft.
Location :	Owned
Corporate Office :	1/4, East Patel Nagar, New Delhi – 110008, Delhi, India

DIRECTORS

As on 30.09.2011

Name :	Mr. Aseem Sood
Designation :	Director
Address :	C-4, First Floor, Paschami Marg, Vasant Vihar, New Delhi – 110057, Delhi, India
Date of Birth/Age :	11.02.1983
Date of Appointment :	08.10.2010
DIN No :	03124735
Name :	Mrs. Monika Rajani
Designation :	Director
Address :	B-20/1, Double Story, Ramesh Nagar, New Delhi- 110015, Delhi, India
Date of Birth/Age :	03.04.1983
Date of Appointment :	08.10.2010
DIN No :	03124766

KEY EXECUTIVES

Name :	Mr. Mohan
Designation :	Account Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.9.2011

Names of Shareholders	No. of Shares
Mr. Aseem Sood	8000
Mrs. Monika Rajani	2000
Total	10000

As on 30.9.2011

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 :

Manufacturing and Trading of Cosmetics and Herbal Products

Products :

Bath Care Bath and Shower Gels Milk Baths Bubble Baths Bath Oils All-Over Body Shampoos Splashes Bath Crystals/Salts Body Salt and Sugar Scrubs Hand and Body Lotions Whipped Body Creams Skin Treatments Creams (antioxidant, therapeutic, botanicals, etc.) Moisturizers (creams, lotions, gels and sprays – non aerosol) Lotion Skin Brighteners Scrubs Masques Serums Gels Toners/Astringents Cleaners Sprays (non – aerosol) After Shaves Shaving Gels/Creams Slimming Products · Anti-Cellulite Cream/Gel/Oil · Bust Firming Cream · Chin and neck firmer Hair Care Shampoos After Sun- Gel and Lotion Styling Gels/Lotions (non-aerosol) Volumizers Setting Lotions Henna Amla Hair Oil Thada Thanda Hair Oil Sun Care · Sun Block – Cream · Lotion and Gel Conditioners · Sunscreen and Fairness face wash Eye Care Under Eye Cream/Gel/Pack Kajal (Eye-Kohl) Laundry Care Laundry liquid wash Pre wash liquid Stain wash Home Care Liquid Toilet cleaner, car Shampoo Dish wash Gel/Liquid/Bar Liquid detergent of expensive clothes Professional Care Gold Facial Kit Papaya Facial Kit Diamond Facial Kit Hand and Foot Spa Kit AHA Facial Kit Anti Acne Facial Kit Nano Facial Kit Organic or Herbal Teas Slim Tea Tulsi Tea Green Monsoon Tea Jasmine Green Tea Masala Magic Tea London Club Tea Santizer Hand Sanitizer Baby Care Baby Soap Baby Shampoo Baby Lotion Head-to-toe Foaming Baby Wash Baby Oil

GENERAL INFORMATION

No. of Employees :	2 (Approximately)
Bankers :	ICICI Bank
Banking Relations :	--
Auditors :
Name :	Soni Gulati and Company Chartered Accountants
Address :	Flat No. G-1, Plot No. 857, Sector-5, Vaishali, Ghaziabad- 201010, Uttar Pradesh, India
PAN No :	AAPFS7050P
Memberships :	The Confederation of Indian Industry Federation of Indian Export Organizations Federation of Indian Chambers of Commerce and Industry The Associated Chambers of Commerce and Industry of India Delhi Chambers of Commerce

SISTER CONCERNS: Proveda Herbals

CAPITAL STRUCTURE

As on : 31.03.2011

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Share	Rs.10/- each	Rs.0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		0.100
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		(0.045)
NETWORTH		0.055
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		0.055
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.068
	Other Current Assets	0.000
	Loans & Advances	0.000
Total Current Assets		0.068
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.000
	Other Current Liabilities	0.041
	Provisions	0.000
Total Current Liabilities		0.041
Net Current Assets		0.027
MISCELLANEOUS EXPENSES		0.028
TOTAL		0.055

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011
	SALES
		Income	0.000
		Other Income	0.000
		TOTAL (A)	0.000
Less	EXPENSES
		Administrative Expenses	0.045
		TOTAL (B)	0.045
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(0.045)
Less	FINANCIAL EXPENSES (D)		0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(0.045)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.000
	PROFIT BEFORE TAX (E-F) (G)		(0.045)
Less	TAX (H)		0.000
	PROFIT AFTER TAX (G-H) (I)		(0.045)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.000
	BALANCE CARRIED TO THE B/S		(0.045)
	Earnings Per Share (Rs.)		(4.51)

KEY RATIOS

PARTICULARS		31.03.2011
PAT / Total Income	(%)	0.000
Net Profit Margin (PBT/Sales)	(%)	0.000
Return on Total Assets (PBT/Total Assets}	(%)	(151.11)
Return on Investment (ROI) (PBT/Networth)		(0.82)
Debt Equity Ratio (Total Liability/Networth)		74.55
Current Ratio (Current Asset/Current Liability)		1.66

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report [Yes/No]
Year of Establishment	Yes
Locality of the Firm	Yes
Construction of the firm	Yes
Premises details	Yes
Type of Business	Yes
Line of Business	Yes
Promoters background	-
No. of Employees	Yes
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%	No
Estimation for coming financial year	No
Capital the business	No
Details of sister concerns	Yes
Major Suppliers	No
Major Customers	No
Payment Terms	No
Export / Import Details [If Applicable]	No
Market Information	-
Litigations that the firm / promoter involved in	-
Banking Details	Yes
Banking Facility Details	No
Conduct of the banking account	-
Buyer visit details	-
Financials, if provided	No
Incorporation details, if applicable	-
Last accounts filed at ROC	-
Major Shareholders, if applicable	-

Review of Operations and Future Outlook:

During the period the company has not started its business as the company was incorporated in October 2010. The Directors are hopeful for the bright future in the coming year.

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.51.15
UK Pound	1	Rs.68.34
Euro	1	Rs.81.79

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.