1. Summary Information

		Country	India
Company Name	CR Meditech Private Limited	Principal Name 1	Mr. Pranay Chandrakant Shah
Status	Small Company	Principal Name 2	Mr. Chandrakant Shantilal Shah
		Registration #	11-180905
Street Address	C-45, Shantiniketan Society, L.B.S. Marg, Ghatkopar (West), Mumbai – 400086, Maharashtra, India
Established Date	07.04.2008	SIC Code	--
Telephone#	91-22-25000442	Business Style 1	Dealer
Fax #	Not Available	Business Style 2	--
Homepage	http://www.crmeditech.com	Product Name 1	Medical Equipments
# of employees	Not Available	Product Name 2	--
Paid up capital	Rs.1,00,000/-	Product Name 3	--
Shareholders	Directors or relatives of directors- 100%	Banking	Andhra Bank
Public Limited Corp.	No	Business Period	4 years
IPO	No	International Ins.	--
Public Enterprise	No	Rating	B (27)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	3,599,000	Current Liabilities	743,000
Inventories	2,424,000	Long-term Liabilities	4,865,000
Fixed Assets	90,000	Other Liabilities	203,000
Deferred Assets	0,000	Total Liabilities	5,811,000
Invest& other Assets	10,000	Retained Earnings	212,000
		Net Worth	312,000
Total Assets	6,123,000	Total Liab. & Equity	6,123,000
Total Assets (Previous Year)	5,203,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	NA	Net Profit	29,000
Sales(Previous yr)	NA	Net Profit(Prev.yr)	150,000

MIRA INFORM REPORT

Report Date :

01.11.2012

IDENTIFICATION DETAILS

Name :	CR MEDITECH PRIVATE LIMITED
Registered Office :	C-45, Shantiniketan Society, L.B.S. Marg, Ghatkopar (West), Mumbai – 400086, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	07.04.2008
Com. Reg. No.:	11-180905
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U24232MH2008PTC180905
TAN No.: [Tax Deduction & Collection Account No.]	MUMC16658F
PAN No.: [Permanent Account No.]	AADCC3612J
Legal Form :	Private Limited Liability Company
Line of Business :	Dealer of Medical Equipments.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 1250
Status :	Small Company
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small company in it field its scale of activities are limited. Trade relations are reported to be fair. Business is active. Payments are reported slow but correct. The company can be considered for business dealing with some caution.

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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country’s growth, which has averaged more than 7% per year since 1997. India’s diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India’s output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis – in large part because of strong domestic demand – and growth exceeded 8% year-on-year in real terms. However, India’s economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government’s fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India’s medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION DECLINED BY

Name :	Mr. Pranay
Designation :	Account Head
Contact No.:	91-22-25000442
Date :	20.10.2012

LOCATIONS

Registered Office :	C-45, Shantiniketan Society, Near Shreyas Cinema, L.B.S. Marg, Ghatkopar (West), Mumbai – 400086, Maharashtra, India
Tel. No.:	91-22-25000442
Mobile No.:	91-91-9820314326 (Mr. Pranay C. Shah)
Fax No.:	Not Available
E-Mail :	sandeep@sppc.co.in npabby@vsnl.net pranay@crmeditech.com
Website :	http://www.crmeditech.com

DIRECTORS

(AS ON 30.09.2011)

Name :

Mr. Pranay Chandrakant Shah

Designation :

Director

Address :

C-45, Shantiniketan Society, L. B. S. Marg, Ghatkopar (West), Mumbai – 400086, Maharashtra, India

Date of Birth/Age :

14.01.1974

Date of Appointment :

07.04.2008

DIN No.:

01508534

Other Directorships :

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	U24232MH2008PTC180905	CR MEDITECH PRIVATE LIMITED	Director	07/04/2008	07/04/2008	Active	NO
2	U67120MH1995PTC090008	STARLINE EQUIFIN PRIVATE LIMITED	Director	26/09/2011	26/03/2011	Active	NO

Name :

Mr. Chandrakant Shantilal Shah

Designation :

Director

Address :

C-45, Shantiniketan Society, L. B. S. Marg, Ghatkopar (West), Mumbai – 400086, Maharashtra, India

Date of Birth/Age :

28.03.1942

Date of Appointment :

07.04.2008

DIN No.:

02054127

Name :

Mr. Sejal Haresh Bhatt

Designation :

Director

Address :

C-45, Shantiniketan Society, L. B. S. Marg, Ghatkopar (West), Mumbai – 400086, Maharashtra, India

Date of Birth/Age :

25.07.1978

Date of Appointment :

07.04.2008

DIN No.:

02065222

KEY EXECUTIVES

Name :	Mr. Pranay
Designation :	Account Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2011)

Names of Shareholders	No. of Shares
Chandrakant Shantilal Shah	2500
Pranay Chandrakant Shah	2500
Sejal Haresh Bhatt	2500
Rashmi Shah	2500
Total	10000

(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 :

Dealer of Medical Equipments.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Andhra Bank

· HDFC Bank

· IDBI Bank

Facilities :

Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Pranay C. Shah	1.470	0.000
Rashmi C. Shah	2.820	2.420
Sejal P. Shah	0.575	0.000
Hiren Shah	0.000	0.150
Total	4.865	2.570

Banking Relations :	--
Auditors :
Name :	Rajesh Thakkar and Associates Chartered Accountant
Address :	A-202, New Hill View CHS, Govardhan Nagar, LBS Marg Mulund (West), Mumbai – 400080, Maharashtra, India
PAN No.:	ABDPT7940E

CAPITAL STRUCTURE

(AS ON 30.09.2011)

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 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		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.212	0.183	0.033
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		0.312	0.283	0.133
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		4.865	2.570	0.945
TOTAL BORROWING		4.865	2.570	0.945
DEFERRED TAX LIABILITIES		0.002	0.003	0.000
TOTAL		5.179	2.856	1.078
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.090	0.108	0.020
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	2.424	3.093	2.841
	Sundry Debtors	2.872	1.433	0.890
	Cash & Bank Balances	0.544	0.274	0.465
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.183	0.281	0.168
Total Current Assets		6.023	5.081	4.364
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.479	0.209	3.060
	Other Current Liabilities	0.264	2.027	0.223
	Provisions	0.201	0.111	0.042
Total Current Liabilities		0.944	2.347	3.325
Net Current Assets		5.079	2.734	1.039
MISCELLANEOUS EXPENSES		0.010	0.014	0.019
TOTAL		5.179	2.856	1.078

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2011	31.03.2010
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION	0.063	0.235
Less/ Add	DEPRECIATION/ AMORTISATION	0.018	0.013
	PROFIT BEFORE TAX	0.045	0.222
Less	TAX	0.016	0.072
	PROFIT AFTER TAX	0.029	0.150
	Earnings Per Share (Rs.)	2.90	15.00

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
Return on Total Assets (PBT/Total Assets}	(%)	0.74	4.28	NA
Return on Investment (ROI) (PBT/Networth)		0.14	0.78	NA
Debt Equity Ratio (Total Liability/Networth)		18.62	17.37	32.11
Current Ratio (Current Asset/Current Liability)		6.38	2.16	1.31

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
12]	Profitability for last two 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 involved in	-----
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
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

OPERATIONS:

The company recorded profit of Rs.0.029 Million.

FIXED ASSETS:

· Computer

· TV

· Air Cooler

· Microware

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 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.54.12
UK Pound	1	Rs.87.08
Euro	1	Rs.70.15

INFORMATION DETAILS

Information Gathered by :	PJA
Report Prepared by :	NIT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		27

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.