MIRA INFORM REPORT

Report Date :

02.05.2012

IDENTIFICATION DETAILS

Name :	STERILE INDIA PRIVATE LIMITED (w.e.f. 07.07.2010)
Formerly Known As :	UNIWAYS LABORATORIES INDIA PRIVATE LIMITED
Registered Office :	1075, 4^th Floor, Onkar Bhawan, Bhagirath Palace, Chandhi Chowk, Delhi – 110006
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	05.06.1989
Com. Reg. No.:	55-036517
Capital Investment / Paid-up Capital :	Rs.0.102 Million
CIN No.: [Company Identification No.]	U74899DL1989PTC036517
TAN No.: [Tax Deduction & Collection Account No.]	DELU03892A
PAN No.: [Permanent Account No.]	AAACU5331M
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Sterile Active pharmaceutical Ingredients.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (13)

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 :	No Business Activity
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Though the company was incorporated in the year 1989, it has yet not started its commercial production. Payments are unknown. The company can be considered for business dealings on a safe and secured trade terms and conditions. Profit and Loss account of the company is not available .

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 :	1075, 4^th Floor, Onkar Bhawan, Bhagirath Palace, Chandhi Chowk, Delhi – 110006, India
Tel. No.:	91-11-27357015
Fax No.:	91-11-27357015
E-Mail :	sales@sterileindia.com info@sterileindia.com sales@mahimalife.com
Website :	www.sterileindia.com
Corporate Office :	1015, 10th Floor, D Mall, Netaji Subhash Place, Pitampura, New Delhi - 110 034, India
Factory :	Sector -56, Hsiidc, Kundli – Plot No-100, Phase – IV, Sonepat – 131028, Haryana, India

DIRECTORS

As on 30.09.2011

Name :

Mr. Sanjeev Goel

Designation :

Director

Address :

78/12, Jain Sthana Ganaur, Mandi, Sonipat – 131001, Haryana, India

Date of Birth/Age :

12.02.1969

Date of Appointment :

04.06.2011

DIN No.:

00370189

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	U51397DL1997PTC084824	OSHO INTERNATIONAL PRIVATE LIMITED	Director	31/01/1997	31/01/1997	8/1/2008	Active	NO
2	U51311DL1996PTC083943	MAHIMA LIFESCIENCES PRIVATE LIMITED	Director	13/03/1997	13/03/1997	8/6/2011	Active	NO
3	U74899DL1989PTC036517	STERILE INDIA PRIVATE LIMITED	Director	4/6/2011	7/4/2007	-	Active	NO
4	U17121DL2007PTC168198	SHREE RADHEY KRISHNA SPINNERS PRIVATE LIMITED	Director	21/06/2010	21/06/2010	-	Active	NO
5	U51909WB2010PTC141866	FUSION VINTRADE PRIVATE LIMITED	Director	30/03/2011	30/03/2011	-	Active	NO
6	U51909WB2008PTC123294	ENCORD COMMERCIAL PRIVATE LIMITED	Director	21/07/2011	21/07/2011	-	Active	NO
7	U51909WB2008PTC123277	VERSATILE VINIMAY PRIVATE LIMITED	Director	21/07/2011	21/07/2011	-	Active	NO

Name :

Mr. Prem Chand Goel

Designation :

Director

Address :

B-37, Maharana Partap Enclave, Pitampura, Delhi – 110034, India

Date of Birth/Age :

18.02.1944

Date of Appointment :

31.10.2009

DIN No.:

02822907

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	U74899DL1989PTC036517	STERILE INDIA PRIVATE LIMITED	Director	30/09/2010	31/10/2009	-	Active	NO
2	U51909WB2010PTC141866	FUSION VINTRADE PRIVATE LIMITED	Director	30/03/2011	30/03/2011	-	Active	NO
3	U51109DL2008PTC184847	REDHERRING SANITARYWARE PRIVATE LIMITED	Director	30/09/2011	19/07/2011	-	Active	NO
4	U32204DL2007PTC169768	GATIMAAN DEVELOPERS PRIVATE LIMITED	Director	29/09/2011	29/07/2011	-	Active	NO
5	U17296DL2007PTC166770	CHAUDHARY CLOTHING PRIVATE LIMITED	Director	3/8/2011	3/8/2011	-	Active	NO
6	U17121DL2007PTC166816	CHAUDHARY APPARELS PRIVATE LIMITED	Director	5/8/2011	5/8/2011	-	Active	NO
7	U51909WB2009PTC133355	CALENDULA DEALCOM PRIVATE LIMITED	Director	14/12/2011	14/12/2011	-	Active	NO

Name :

Mr. Pavel Garg

Designation :

Director

Address :

House No.32, Sector -15, Sonipat – 131001, Haryana, India

Date of Birth/Age :

01.12.1968

Date of Appointment :

05.06.1989

DIN No.:

00085167

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	U74899DL1989PTC036517	STERILE INDIA PRIVATE LIMITED	Director	5/6/1989	5/6/1989	-	Active	NO
2	U74999DL2003PTC119576	CAPITAL INSURANCE BROKERS PRIVATE LIMITED	Managing director	26/03/2003	26/03/2003	1/2/2011	Active	NO
3	U24239DL2004PTC127727	PASSION PHARMA PRIVATE LIMITED	Director	20/07/2004	20/07/2004	-	Active	NO
4	U24239DL2004PTC129776	POPULAR BIOTECH PRIVATE LIMITED	Director	8/10/2004	8/10/2004	-	Active	NO
5	U26942DL1990PTC041941	MUDIT CEMENT Private LIMITED	Director	14/02/2005	14/02/2005	28/05/2007	Active	NO
6	L65993DL1989PLC035635	MUDIT FINLEASE LIMITED	Managing director	6/11/2006	14/02/2005	-	Active	NO
7	U72200DL2005PTC140688	ALPINE COMPUTECH PRIVATE LIMITED	Director	13/09/2005	13/09/2005	1/6/2009	Active	NO
8	U18101DL2002PTC115827	HARE KRISHNA EXOTIC PRIVATE LIMITED	Director	4/10/2005	4/10/2005	-	Active	NO
9	U24233DL2004PTC131058	SHIVA MEDICHEM EXPORTS PRIVATE LIMITED	Director	4/10/2005	4/10/2005	-	Active	NO
10	U55101DL2006PTC146521	CLOUDS HOTEL PRIVATE LIMITED	Director	17/02/2006	17/02/2006	-	Active	NO
11	U72900DL2007PTC157429	ALTA VISTA INFO SOLUTIONS PRIVATE LIMITED	Director	4/1/2007	4/1/2007	-	Active	NO
12	U51909DL2009PTC187597	MEDITRUST HEALTHCARE PRIVATE LIMITED	Director	13/02/2009	13/02/2009	-	Active	NO
13	U74899DL1995PTC064785	AQUARIUS SECURITIES PRIVATE LIMITED	Director	15/04/2010	15/04/2010	1/10/2011	Active	NO
14	U55101DL2011PTC227662	BLOOMS HOTEL PRIVATE LIMITED	Director	18/11/2011	18/11/2011	-	Active	NO
15	U74899DL1981PTC012922	COMBITIC GLOBAL CAPLET PRIVATE LIMITED	Additional director	14/02/2012	14/02/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Pavel Garg	540
Sanheev Goel	480
Total	1020

As on 30.09.2011

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 :	Manufacturer of Sterile Active pharmaceutical Ingredients.
Product :	· Sterile PPI’s Products · Cephalosporins · Penicillins · General Products · Carbapenems

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India

Banking Relations :	--
Auditors :
Name :	Mittal Bansal and Associates Chartered Accountants
Address :	302-303, 2^nd Floor, S-524, Vikas Marg, Shakarpur, Delhi – 110092, India
PAN.:	AALFM7202R

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs.100/- each	Rs.20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1020	Equity Shares	Rs.100/- each	Rs.0.102 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		0.102	0.102	0.102
2] Share Application Money		93.506	46.206	15.752
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(0.090)	(0.090)	(0.090)
NETWORTH		93.518	46.218	15.764
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		93.518	46.218	15.764
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		85.753	10.023	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	2.549	8.295	0.221
	Other Current Assets	4.338	0.184	0.000
	Loans & Advances	8.592	27.919	15.380
Total Current Assets		15.479	36.398	15.601
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	8.409	0.390	0.000
	Other Current Liabilities	0.051	0.053	0.010
	Provisions	0.000	0.000	0.000
Total Current Liabilities		8.460	0.443	0.010
Net Current Assets		7.019	35.955	15.591
MISCELLANEOUS EXPENSES		0.746	0.240	0.173
TOTAL		93.518	46.218	15.764

KEY RATIOS

PARTICULARS	31.03.2011	31.03.2010	31.03.2009
Debt Equity Ratio (Total Liability/Networth)	0.09	0.01	0.00
Current Ratio (Current Asset/Current Liability)	1.83	82.16	1560.10

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 two years	No
12) Profitability for last three years	No
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	No
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

Financial Results

During the year, the company has incurred a loss as the commercial production of the Company has not started. The directors expect better performance next year.

Bankers Charges Report as per Registry

Corporate identity number of the company	U74899DL1989PTC036517
Name of the company	STERILE INDIA PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	1075, 4^th Floor, Onkar Bhawan, Bhagirath Palace, Chandhi Chowk, Delhi – 110006, India Email : sales@mahimalife.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10319944
Type of charge	Immovable property
Particular of charge holder	HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel west, Mumbai - 400013, Maharashtra, India
Nature of instrument creating charge	Memorandum recording past transactions of creation of mortgage by delivery of title deeds
Date of instrument Creating the charge	01.12.2011
Amount secured by the charge	Rs. 100.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest at the rate as may be communicated by the Bank from time to time. Terms of Repayment On demand. Margin As may be stipulated by the Bank from time to time. Extent and Operation of the charge The Company created an equitable mortgage by way of deposit of title deeds in respect of its immovable properties as security for the due repayment of Rs.100.000 Millions by the Company including principal amount of the Facility, interest, liquidated damages, costs, charges and expenses etc. Others NIL
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Industrial Plot No. 100, admeasuring 4050 sq. mtrs, Sectors - 56, in Industrial Estate Kundli
Particulars of the present modification	The Company created a mortgage by deposit of title deeds in respect of its immovable property being lying and situated at Industrial Plot No. 100, admeasuring 4050 sq. mtrs, Sectors - 56, in Industrial Estate Kundli as further security for repayment of monies due and payable under credit facilities of Rs. 100.000 Millions sanctioned by the Bank to the Company.

FIXED ASSETS

· Generator Set

· Scrap Container

· Building

WEBSITES:

PROFILE:

Their facilities deploy state-of-the-art technologies and automated facilities that ensure the highest levels of process integrity and product quality. Their plants (for both crystallisation and lyophillisation) has been laid down as per guidelines of USFDA/EDQM, cGMP standard, fabrication and support systems. Infrastructure meets the world-class standards.

The facility is having three isolated manufacturing blocks for aseptic process for Penicillins, Cephalosporins and other drugs with high capacity to meet the increasing demand of the drugs domestically as well as Internationally. It is one of the leading unit in India in the category of sterile dry powder for injection Their facilities have fully independent Quality Control departments with numbers of sophisticated equipment such as HPLC, GC, titrators FTIR and UV spectrometer to ensure conformance to stringent quality standards. Well qualified and experienced technocrats carryout testing of drugs. Quality has always been a strong part of their group. Their quality responsibility covers all aspects including product quality, operational quality, environmental quality and finally a good quality of life for their people. The Company has setup a very strong Regulatory Division for all kinds of dossier support and is committed to highest standards of quality. They endeavors to build a sustainable organizational eco-system where one is constantly motivated to attain new heights and privilege to discover new avenues for growth.

They quest to balance environmental impact and economic interest in all their business activities.They committed to the development of the society, culture and economy, they dutifully observe laws, demonstrate high ethical standards and endeavor to preserve the environment.

The Company has a clear vision of fully integrated Pharmaceutical Company providing world class pharmaceutical products and services

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.52.51
UK Pound	1	Rs.85.49
Euro	1	Rs.69.61

INFORMATION DETAILS

Report Prepared by :

DPK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		13

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.