MIRA INFORM REPORT

Report Date :

10.01.2013

IDENTIFICATION DETAILS

Name :	RECKITT BENCKISER (INDIA) LIMITED

Formerly Known As :	RECKITT AND COLMAN OF INDIA LIMITED

Registered Office :	227, Okhla Industrial Estate, Phase – III, New Delhi – 110020, Delhi

Country :	India

Financials (as on) :	31.03.2012

Date of Incorporation :	05.07.1951

Com. Reg. No.:	55-127062

Capital Investment / Paid-up Capital :	Rs.350.000 Millions

CIN No.: [Company Identification No.]	U74999DL1951PLC127062

TAN No.: [Tax Deduction & Collection Account No.]	RTKR01561A

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacturing and Marketing of Drugs and Medicines, Bulk Drugs, Formulations, Denture Products, Food Products, Laundry Products, Household Products and Aromatic Chemicals.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (59)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 2400000

Status :	Good

Payment Behaviour :	Regular

Litigation :	Clear

Comments :	Subject is a well established company having satisfactory track record. The company has changed its date of filing annual return with the government department. As per the latest information, the company performance seems to be high. Financially, the company seems to be strong. Liquidity position of the company is good. Fundamental appears to be healthy. Trade relations are reported to be fair. Business is active. Payments are reported to be regular and as per commitment. The company can be considered for normal business dealings at usual trade terms and condition.

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

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.

LOCATIONS

Registered Office :	227, Okhla Industrial Estate, Phase – III, New Delhi – 110020, Delhi, India
Tel. No.:	91-11-41609300
Fax No.:	91-11-26323617
E-Mail :	surrender-sharma@reckittbenckister.com rajeshk.jha@reckittbenckiser.com prasad.neginhal@reckittbenckiser.com sarita.william@reckittbenckiser.com Manoj.Bisht@rb.com Legal.India@rb.com
E-Mail :	http://www.reckittbenckiser.com

Corporate Office :	Enkay Centre, 2nd Floor, Vanijya Nikunj, Udyog Vihar, Phase V, Gurgaon -122016, Haryana, India
Tel. No.:	91-124-2398200/2398209
Fax No.:	91-124-2398230/2398231/2398232

Factory 1 :	25, Ho Chi Minh Sarani, Behala, Kolkata - 700 061, West Bengal, India
Tel. No.:	91-33-2493 4079 / 4717
Fax No.:	91-33-2493 3529

Factory 2 :	20/1, Chetla Road, Kolkata - 700 027, West Bengal, India
Tel. No.:	91-33-2479 8361 / 8362

Factory 3 :	P. O. Kalla, Central Hospital, Dhadka, Asansol - 713 340, West Bengal, India
Tel. No.:	91-341-2202521 / 2204683
Fax No.:	91-341-2209788

Factory 4 :	61-62, Hootagalli Estate, Mysore - 571 186, Karnataka, India
Tel. No.:	91-821-2402509 / 2402520
Fax No.:	91-821-2402758

Factory 5 :	Plot No. 176, SIPCOT Hosur Industrial Area, Hosur - 635 126, Tamilnadu, India
Tel. No.:	91-4344-276661 / 276490
Fax No.:	91-4344-276662 / 277205

Factory 6 :	B-4/10, Asaf Ali Road, New Delhi – 110 002
Tel. No.:	91-11-23272121
Fax No.:	91-11-23281662

Factory 7 :	Mahalaxmi Chambers, 29, Mahatma Gandhi Road, Bangalore – 560 001, Karnataka, India
Tel. No.:	91-80-25584614
Fax No.:	91-80-25584738

Factory 8 :	107-111, Nirman Kendra, 1^st Floor, Dr. E. Mosses Road, Near Famous Studio, Mahalaxmi, Mumbai – 400 011, Maharashtra, India
Tel. No.:	91-22-24965840
Fax No.:	91-22-24980801

Factory 9 :	41, Chowringhee Road, Kolkata – 700 071, West Bengal, India
Tel. No.:	91-33-22886850
Fax No.:	91-33-22888085

Factory 10:	Plot No.48, Institutional Area, Sector 32, Gurgaon – 122001, Haryana, India
Tel. No.:	91-124-4028000 / 3319000
Fax No.:	91-124-4340110

DIRECTORS

AS ON 09.08.2012

Name :	Mr. Chandra Mohan Shethi
Designation :	Managing Director
Address :	302 B Court Greens, Laburnum Condominium Complex, Sushant Lok – 1, Gurgaon – 122002, Haryana, India
Date of Birth/Age :	08.03.1949
Date of Appointment :	15.11.2012
DIN No.:	00319297

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	U24239MH1997PTC111897	RECKITT PIRAMAL PRIVATE LIMITED	Director	21/01/2002	21/01/2002	-	Active	NO
2	U74999DL1951PLC127062	RECKITT BENCKISER (INDIA) LIMITED	Whole-time director	15/11/2012	21/01/2002	-	Active	NO
3	U25199TN1963PLC004982	TTK PROTECTIVE DEVICES LIMITED	Director appointed in casual vacancy	15/11/2010	15/11/2010	09/11/2012	Active	NO
4	U24232TN1994PLC048002	SSL-TTK LIMITED	Director	03/10/2011	15/11/2010	-	Active	NO
5	U65993HR2011PTC042069	Reckitt Benckiser Investments India Private Limited	Director	11/02/2011	11/02/2011	-	Amalgamated	NO
6	U24231HR1980PLC044172	RECKITT BENCKISER HEALTHCARE INDIA LIMITED	Director	15/11/2012	11/04/2011	-	Active	NO
7	U24240HR2011PTC043190	Halite Personal Care India Private Limited	Director	15/06/2011	15/06/2011	29/05/2012	Active	NO

Name :	Mr. Jose Joaquin Gonzalez
Designation :	Director appointed in casual vacancy
Address :	Bernat Disclot, 18 Casa 08190, Sant Cugat, Barcelona, Spain
Date of Birth/Age :	01.08.1955
Date of Appointment :	17.12.2008
DIN No.:	02466459

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	U74999DL1951PLC127062	RECKITT BENCKISER (INDIA) LIMITED	Director appointed in casual vacancy	17/12/2008	17/12/2008	-	Active	NO
2	U24231HR1980PLC044172	RECKITT BENCKISER HEALTHCARE INDIA LIMITED	Director	21/09/2011	11/04/2011	15/11/2012	Active	NO

Name :	Mr. Rajesh Kumar Jha
Designation :	Whole – time director
Address :	C – 3, 3154, Vassant Kunj, New Delhi – 110070, Delhi, India
Date of Birth/Age :	20.1.1968
Date of Appointment :	02.01.2012
DIN No.:	02695721

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	U24239MH1997PTC111897	RECKITT PIRAMAL PRIVATE LIMITED	Director	27/05/2010	10/08/2009	-	Active	NO
2	U65993HR2011PTC042069	Reckitt Benckiser Investments India Private Limited	Additional director	28/03/2011	28/03/2011	-	Amalgamated	NO
3	U24240HR2011PTC043190	Halite Personal Care India Private Limited	Additional director	11/08/2011	11/08/2011	29/05/2012	Active	NO
4	U24231HR1980PLC044172	RECKITT BENCKISER HEALTHCARE INDIA LIMITED	Alternate director	16/08/2011	16/08/2011	-	Active	NO
5	U24232TN1994PLC048002	SSL-TTK LIMITED	Director	03/10/2011	03/10/2011	-	Active	NO
6	U74999DL1951PLC127062	RECKITT BENCKISER (INDIA) LIMITED	Whole-time director	02/01/2012	02/01/2012	-	Active	NO

Name :	Ms. Ariadna Granena Aracil
Designation :	Alternate director
Address :	Calle Carme Karr, 14 Bajo 4 Bracelona 08034, Spain
Date of Birth/Age :	20.03.1961
Date of Appointment :	26.04.2010
DIN No.:	02773538

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

U74999DL1951PLC127062

RECKITT BENCKISER (INDIA) LIMITED

Alternate director

26/04/2010

17/12/2009

Active

Bottom of Form

Name :	Mr. Parag Agarwal
Designation :	Whole – time director
Address :	Apartment IB, Tower TG -6, Orchid Garden, Sun City, Sector – 54, Gurgaon – 122002, Haryana, India
Date of Birth/Age :	19.02.1966
Date of Appointment :	26.04.2010
DIN No.:	2954487

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	U74999DL1951PLC127062	RECKITT BENCKISER (INDIA) LIMITED	Whole-time director	26/04/2010	03/03/2010	-	Active	NO
2	U65993HR2011PTC042069	Reckitt Benckiser Investments India Private Limited	Director	11/02/2011	11/02/2011	-	Amalgamated	NO
3	U24231HR1980PLC044172	RECKITT BENCKISER HEALTHCARE INDIA LIMITED	Director	21/09/2011	11/04/2011	-	Active	NO
4	U24240HR2011PTC043190	Halite Personal Care India Private Limited	Director	15/06/2011	15/06/2011	29/05/2012	Active	NO
5	U24232TN1994PLC048002	SSL-TTK LIMITED	Director	03/10/2011	03/10/2011	-	Active	NO

Name :	Ms. Marry Elizabeth Dohery
Designation :	Director
Address :	Waylett Barn, High Street, Clavering Essex, C.B 1148W, UK
Date of Birth/Age :	24.10.1957
Date of Appointment :	10.05.2011
DIN No.:	03463922

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	U74999DL1951PLC127062	RECKITT BENCKISER (INDIA) LIMITED	Director	10/05/2011	07/03/2011	-	Active	NO
2	U24231HR1980PLC044172	RECKITT BENCKISER HEALTHCARE INDIA LIMITED	Director	21/09/2011	11/04/2011	-	Active	NO

Name :	Mr. Ramchandran Natarajan
Designation :	Whole – time director
Address :	Flat C, First FLOOR, 15/8 Third Cross Street, Ramakrishna Nagar, Chennai – 600028, India
Date of Birth/Age :	06.04.1988
Date of Appointment :	09.08.2012
DIN No.:	05195809

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	U74999DL1951PLC127062	RECKITT BENCKISER (INDIA) LIMITED	Whole-time director	09/08/2012	04/04/2012	-	Active	NO
2	U24240HR2011PTC043190	Halite Personal Care India Private Limited	Additional director	23/05/2012	23/05/2012	29/05/2012	Active	NO

Name :	Mr. Srinivasrao Nandigam
Designation :	Director
Address :	CI-301, Uniworld city, DLF Phase IV, Gurgeon – 122002, Haryana, India
Date of Birth/Age :	24.04.1969
Date of Appointment :	01.08.2012
DIN No.:	02410352

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	U74999DL1951PLC127062	RECKITT BENCKISER (INDIA) LIMITED	Director	01/08/2011	17/12/2008	05/01/2012	Active	NO
2	U24231HR1980PLC044172	RECKITT BENCKISER HEALTHCARE INDIA LIMITED	Director	21/09/2011	11/04/2011	05/01/2012	Active	NO
3	U24232TN1994PLC048002	SSL-TTK LIMITED	Alternate director	24/06/2011	24/06/2011	-	Active	NO

Name :	Mr. Roopak Sushil Taneja
Designation :	Director
Address :	C/OP Reckitt Benckiser, P. O. Box No. 61344, Dubai
Date of Birth/Age :	24.01.1967
Date of Appointment :	10.05.2011
DIN No.:	02889984

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	U74999DL1951PLC127062	RECKITT BENCKISER (INDIA) LIMITED	Director	10/05/2011	03/03/2010	03/08/2012	Active	NO
2	U24231HR1980PLC044172	RECKITT BENCKISER HEALTHCARE INDIA LIMITED	Director	21/09/2011	11/04/2011	15/11/2012	Active	NO

Name :	Mr. Alfered Kurt Caspers
Designation :	Director
Address :	Winbar, Llanvair Drive Ascot, Berkshire, SL59LN, United Kingdom
Date of Birth/Age :	20.03.1961
Date of Appointment :	19.04.2002
DIN No.:	00545442

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	U74999DL1951PLC127062	RECKITT BENCKISER (INDIA) LIMITED	Director	19/04/2002	19/04/2002	-	Active	NO
2	U25199TN1963PLC004982	TTK PROTECTIVE DEVICES LIMITED	Director appointed in casual vacancy	15/11/2010	15/11/2010	21/04/2011	Active	NO
3	U24232TN1994PLC048002	SSL-TTK LIMITED	Director appointed in casual vacancy	15/11/2010	15/11/2010	21/04/2011	Active	NO
4	U24231HR1980PLC044172	RECKITT BENCKISER HEALTHCARE INDIA LIMITED	Director	21/09/2011	11/04/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Manoj Singh Birsht
Designation :	Secretary
Address :	20B, JANTA Flats, Vasant Enclave, New Delhi – 110057
Date of Birth/Age :	06.04.1958
Date of Appointment :	04.04.2012
PAN No.:	ALTPB3904E

Name :	Mr. Vishal Mehan
Designation :	Secretary
Address :	144, 2^nd Floor, AGCR Enclave, Near Karkardooma Court, Delhi – 110092, India
Date of Birth/Age :	21.08.1979
Date of Appointment :	25.06.2010
PAN No.:	AAIVP0847N

MAJOR SHAREHOLDERS

AS ON 09.08.2012

Names of Shareholders	No. of Shares
Reckitt Banckiser PLC, U.K	10725120
Reckitt Benckiser PLC, U.K	6060601
Lancaster Square Holdings SL, Spain	2393185
Chandar Mohan Shethi	1
Manish Dawar	1
Sarrita William	1
Ajay Thukral	1
R and C Nomimee Limited (Beneficial Owner Reckitt Benckiser PLC), U.K	1
Lancaster Square Holdings SL, Spain	6693556
TOTAL	25872467

AS ON 09.08.2012

Equity Shares Break Up	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	100.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and marketing of Drugs and Medicines, Bulk Drugs, Formulations, Denture Products, Food Products, Laundry Products, Household Products and Aromatic Chemicals.

Products :

Item Code No.	Product Description
380891.00	Household Insecticides
380894.00	Disinfectants
380810.29	Mosquito Coils
340111.90	Toilet Soap
380890.00	Liquid Antiseptic

GENERAL INFORMATION

No. of Employees :	Not Available

Bankers :	· Standard Chartered Bank, 4, Netaji Subhash Road, P.O. box 40, Kolkata – 700001, West Bengal, India

Facilities :	-


Banking Relations :	--

Auditors :
Name :	Price WaterHouse Chartered Accountant
Address :	Price WatereHouse, Building 8, 7^th and 8^th floor tower B, DLF Cyber City, Gurgaon – 122002, Haryana, India
PAN No.:	AAEFP3641G

Holding Company :	Reckitt Benckiser plc, UK

Subsidiaries :	Reckitt Piramal Private Limited

Fellow Subsidiaries :	· Lancaster Square Holdings SL · Reckitt Benckiser Corporate Services Limited., UK · Reckitt & Colman (Overseas) Limited., UK · Reckitt Benckiser Healthcare (UK) Limited · Reckitt Benckiser (Bangladesh) Limited. · Reckitt Benckiser (Lanka) Limited. · Reckitt Benckiser LLC, USA (formerly known as Reckitt Benckiser Incorporation, USA) · Reckitt Benckiser Pakistan Limited · Reckitt Benckiser N.V., Netherland · PT. Reckitt Benckiser Indonesia · Benckiser Produktions GmbH Ladenburg, Germany · Reckitt Benckiser (Singapore) Pte Limited. · Reckitt Benckiser France SAS · Reckitt Benckiser Household Products (China) Company Limited · Reckitt Benckiser Arabia FZE, UAE. · Reckitt Benckiser Hungary Kft · Reckitt Benckiser Nigeria Limited. · Reckitt Benckiser Australia Pty Limited · Reckitt Benckiser (Malaysia) Sdn · Reckitt Benckiser South Africa (Pty) Limited · Reckitt Benckiser (UK) Limited · Reckitt Benckiser Production (Poland) Sp. z o.o. · Reckitt Benckiser Investment India Private Limited · Reckitt Benckiser Holding GmbH and Company, KG · Reckitt Benckiser Hong Kong Limited · Reckitt Benckiser Healthcare India Limited (formerly known as Paras Pharmaceuticals Limited) · Reckitt Benckiser LLC Russia · Reckitt Benckiser Healthcare International Limited · Reckitt Benckiser Healthcare Manufacturing (Thailand) Limited · Reckitt Benckiser Brasil Limited A

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount

35000000	Equity Shares	Rs.10/- each	Rs.35.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

25872467	Equity Shares	Rs.10/- each	Rs.258.725 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012 (15 Months)	31.12.2010 (12 Months)	31.12.2009 (12 Months)
SHAREHOLDERS FUNDS
1] Share Capital		258.725	262.796	262.796
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		6362.452	1437.815	1085.086
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		6621.177	1700.611	1347.882
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		6621.177	1700.611	1347.882

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		1979.657	1677.912	1094.373
Capital work-in-progress		273.426	284.240	457.566

INVESTMENT		0.000	0.000	5.000
DEFERREX TAX ASSETS		191.983	208.173	104.118

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3654.114	1554.936	1554.936
	Sundry Debtors	807.891	343.519	343.519
	Cash & Bank Balances	5222.622	1334.486	1334.486
	Other Current Assets	30.746	11.123	11.123
	Loans & Advances	981.045	318.778	318.778
Total Current Assets		10696.418	4749.270	3562.842
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	5274.154	4028.938	324.622
	Other Current Liabilities	525.599	78.483	2556.611
	Provisions	720.554	1111.563	994.784
Total Current Liabilities		6520.307	5218.984	3876.017
Net Current Assets		4176.111	(469.714)	(313.175)

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		6621.177	1700.611	1347.882

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012 (15 Months)	31.12.2010 (12 Months)	31.03.2009 (12 Months)
	SALES
		Income	34934.983	21657.802	17901.185
		Other Income	1229.517	361.377	224.532
		TOTAL (A)	36164.500	22019.179	18125.717

Less	EXPENSES
		Manufacturing service costs	3413.829	2333.144	7634.360
		Employee related expenses	1377.419	1024.958	896.056
		Administrative selling other expenses	5282.182	4337.473	6033.466
		Consumption material change inventories	18935.259	9864.575	0.000
		TOTAL (B)	29008.689	17560.150	14563.882

Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		7155.811	4459.029	14740.583

Less/ Add	DEPRECIATION/ AMORTISATION (F)		390.199	382.862	176.701

	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		6765.612	4076.167	3385.134

Less	TAX (H)		1382.589	690.462	465.511

	PROFIT / (LOSS) AFTER TAX (G-H) (I)		5383.023	3385.705	2919.623

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		14.531	0.373	1.481

Less	APPROPRIATIONS
		Transfer to General Reserve	63.764	3371.547	2920.731
	BALANCE CARRIED TO THE B/S		5333.790	14.531	0.373

	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	N.A	25.443	17.927
	TOTAL EARNINGS		N.A	25.443	17.927

	IMPORTS
		Raw Materials	N.A	384.411	154.246
		Capital Goods	N.A	1.816	21.503
	TOTAL IMPORTS		N.A	386.227	175.749

	Earnings Per Share (Rs.)		205.19	128.83	95.86

KEY RATIOS

PARTICULARS		31.03.2012 (15 Months)	31.12.2010 (12 Months)	31.03.2009 (12 Months)
PAT / Total Income	(%)	14.88	17.46	16.11

Net Profit Margin (PBT/Sales)	(%)	19.37	18.82	2.15

Return on Total Assets (PBT/Total Assets}	(%)	187.36	157.68	137.58

Return on Investment (ROI) (PBT/Networth)		1.02	2.40	0.29

Debt Equity Ratio (Total Liability/Networth)		0.98	3.07	2.88

Current Ratio (Current Asset/Current Liability)		1.64	0.90	0.92

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	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	Yes
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

Performance

The trend of delivering growth continues. The net sales of the company for the 15 month period ended 31^st March 2012 grew to Rs. 34934.983 Millions from Rs. 21657.802 millions for the 12 month period ended 31^st December 2010, that is an increase about 29.04%. the profits have also increased at a good rate as compared to the previous year. The profit before tax for the year 2011-12 stood at Rs. 6765.612 millions and the profit after tax was Rs. 5383.023 millions.

RB Press release - 17/12/2012

RECKITT BENCKISER SUCCESSFULLY COMPLETES TENDER OFFER FOR SHARES OF SCHIFF NUTRITION

SLOUGH, England--(BUSINESS WIRE)--December 17, 2012. Reckitt Benckiser Group plc (“Reckitt Benckiser” or “RB”) (LSE: RBL) announced today the successful completion of the tender offer (the “Offer”) made by Reckitt Benckiser’s indirect wholly-owned subsidiary Ascot Acquisition Corp. for all of the outstanding shares of Class A common stock and Class B common stock of Schiff Nutrition International, Inc. (“Schiff Nutrition”) (NYSE:SHF) at a purchase price of $42.00 per share, net to the seller in cash, without interest, less any applicable withholding taxes as specified in the Offer to Purchase filed by Ascot Acquisition Corp. with the Securities and Exchange Commission on November 27, 2012. The Offer expired at 11:59 p.m., New York City time, on Friday, December 14, 2012.

According to the final report of the depositary for the Offer, as of the expiration of the Offer, a total of 28,745,180 shares of Schiff Nutrition common stock were validly tendered and not withdrawn prior to the expiration of the Offer, which represent approximately 96.266% of all outstanding shares of Schiff Nutrition common stock and 90.137% of all outstanding shares of Schiff Nutrition common stock on a fully-diluted basis. In addition, 397,714 shares of Schiff Nutrition common stock have been delivered pursuant to the guaranteed delivery procedures. The aggregate number of shares validly tendered and not properly withdrawn pursuant to the Offer exceeds the “minimum condition” and, accordingly, Ascot Acquisition Corp. accepted for payment all such shares in accordance with the terms of the Offer and will promptly pay for such shares in accordance with the terms of the Offer.

In accordance with that certain Agreement and Plan of Merger, dated as of November 21, 2012 (the “Merger Agreement”), by and among the Schiff Nutrition, Reckitt Benckiser LLC, Ascot Acquisition Corp. and, solely for the purposes specified in the Merger Agreement, Reckitt Benckiser, following consummation of the Offer, Ascot Acquisition Corp. intends to effect a “short-form” merger under applicable Delaware law, at which time Schiff Nutrition will become an indirect wholly owned subsidiary of Reckitt Benckiser. All outstanding shares of common stock of Schiff Nutrition, other than shares held by Schiff Nutrition, Reckitt Benckiser LLC, Ascot Acquisition Corporation. or any of their respective wholly-owned subsidiaries, or by Schiff Nutrition stockholders who are entitled to and properly exercise appraisal rights under Delaware law, will be canceled and converted into the right to receive cash equal to the $42.00 Offer price per share, net in cash, without interest, less any applicable withholding taxes. In addition, upon completion of the merger, the Class A common stock of Schiff Nutrition will cease to be traded on the NYSE.

Forward-Looking Statements

Statements herein regarding the proposed transaction between Reckitt Benckiser and Schiff, future financial and operating results and any other statements about future expectations constitute “forward looking statements.” These forward looking statements may be identified by words such as “believe,” “expects,” “anticipates,” “projects,” “intends,” “should,” “estimates” or similar expressions. Such statements are based upon current beliefs and expectations and are subject to significant risks and uncertainties. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward looking statements. We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations. All written and oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by these cautionary statements. Further, forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time unless required by law.

FORM 8

Corporate identity number of the company	U74999DL1951PLC127062
Name of the company	RECKITT BENCKISER (INDIA) LIMITED
Address of the registered office or of the principal place of business in India of the company	227 Okhla Industrial Estate, Phase Iii, New Delhi – 110020, Delhi, India
This form is for	Modification of charge Creation of charge
Type of charge	Others
Particular of charge holder	Director of Industries Himachal Pradesh, through Member Secretary, SWCA, Parwanoo Himachal Pradesh-173220, India
Nature of instrument creating charge	Agreement of Hypothecation for Central Capital Investment Subsidy dated 19th August 2008.
Date of instrument Creating the charge	19/08/2008
Amount secured by the charge	Rs.3.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest Nil Terms of repayment Nil Margin Nil Extent and operation of the charge The charge would operate and will be valid for a period of 5 years in order to ensure that the conditions prescribed under the Central Capital Investment Subsidy Scheme, 2003 are complied with.
Short particulars of the property charged (Including location of the property)	All machinery and equipments belonging to the Company and lying at its unit situated at Parwanoo, District Solan, Himachal Pradesh.

FIXED ASSETS

Land – Freehold
Leasehold Improvements
Buildings
Plant and Machinery
Furniture and Fittings

· Vehicles and Computer

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.54.96
UK Pound	1	Rs.88.23
Euro	1	Rs.71.92

INFORMATION DETAILS

Report Prepared by :

HET

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--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		59

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.

MIRA INFORM REPORT

3654.114

1554.936

1554.936

807.891

343.519

343.519

5222.622

1334.486

1334.486

30.746

11.123

11.123

981.045

318.778

318.778

10696.418

5274.154

324.622

525.599

2556.611

720.554

994.784

6520.307

4176.111

14.88

19.37

187.36

1.02

0.98

1.64

Unit