MIRA INFORM REPORT

Report Date :

31.01.2013

IDENTIFICATION DETAILS

Name :	INDIAN DENTAL ASSOCIATION

Registered Office :	Bombay Mutual Terrace, 2^nd Floor, 534 Sandhurst Bridge, Opera House, Mumbai – 400 007, Maharashtra Teknowits Technologies Pvt. Ltd.

Country :	India

Year of Establishment :	1946

Capital Investment / Paid-up Capital :	Not Divulged

Legal Form :	Association

Line of Business :	Subject is engaged in the improvement of oral health of the public and render services through innovation in education, advocacy etc.

No. of Employees :	Information declined by the Management

RATING & COMMENTS

MIRA’s Rating :

B (33)

RATING

STATUS

PROPOSED CREDIT LINE

26-40

Capability to overcome financial difficulties seems comparatively below average.

Small

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a premier professional association of dentists in India. It has 29 state branches and over 250 local branches. It is engaged in the improvement of oral health of the public and render services through innovation in education, advocacy etc. It is an established Association having a moderate track record. Ms. Bushra Kazi, Event Controller has provided few general details but denied to disclose any other information. However, trade relations are reported as fair. Business is active. Payment terms are unknown. It can be considered for business dealings 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

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 PARTED BY (PARTIAL DETAILS)

Name :	Ms. Bushra Kazi
Designation :	Event Controller
Contact No.:	91-9167218719 91-22-43434545
Date :	30.01.2013

LOCATIONS

Registered Office :	Bombay Mutual Terrace, 2^nd Floor, 534 Sandhurst Bridge, Opera House, Mumbai – 400 007, Maharashtra, India Teknowits Technologies Pvt. Ltd.
Tel. No.:	91-22-43434545/ 23671515/ 23696655
Mobile No.:	91-9167218719 (Ms. Bushra Kazi)
Fax No.:	91-22-23685613
E-Mail :	ho@ida.org.in
Website :	www.ida.org.in

Corporate Office :	3^rd Floor, Bombay Mutual Terrace, 534 Sandhurst Bridge, Opera House, Mumbai – 400 007, Maharashtra, India Teknowits Technologies Pvt. Ltd.

MEMBERS

Members’ Name – Not Divulged

KEY EXECUTIVES

Name :	Ms. Bushra Kazi
Designation :	Event Controller

BUSINESS DETAILS

Line of Business :

Subject is engaged in the improvement of oral health of the public and render services through innovation in education, advocacy etc.

GENERAL INFORMATION

No. of Employees :	Information declined by the Management

Bankers :	Not Divulged


Banking Relations :	--

Auditors :	Not Divulged

CAPITAL STRUCTURE

Capital Investment :
Owned :	Not Divulged
Borrowed :	Not Divulged
Total :	Not Divulged

FINANCIAL DATA

[all figures are in Rupees Millions]

NOT DIVULGED

The above information has been declined by Ms. Bushra Kazi (Event Controller).

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	No
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 three years	No
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	No
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	No
24) Banking facility details	No
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	No
28) Incorporation details, if applicable	No
29) Last accounts filed at ROC	No
30) Major Shareholders, if available	No
31) Date of Birth of Proprietor/Partner/Director, if available	No
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

WEBSITE DETAILS:

NEWS:

COLGATE IN PARTNERSHIP WITH THE INDIAN DENTAL ASSOCIATION ANNOUNCES THE 9^TH EDITION OF ‘ORAL HEALTH MONTH’

Mumbai, October 11, 2012: Colgate-Palmolive (India) Limited, the market leader in oral care, and the Indian Dental Association (IDA), today announced the commencement of the 9th edition of the Oral Health Month. This 2-month long intensive oral care awareness initiative aims to improve the oral health condition and generate awareness about tooth cavities in the country. Championing the cause of oral health over the last 75 years, the Oral Health Month was launched by Colgate in 2004 as a 6-city program. Today the program reaches people across 1116 cities and towns, in partnership with over 25,000 dentists.

Key Highlights

v This year through OHM Colgate plans to reach 3 million people over 1200 towns and cities

v People can avail of the free in-clinic cavity check-up by sending an SMS with his/her postal pin code to 5676711

v With ‘Mission Zero Tooth Cavity’, this OHM will drive awareness focused around the importance of preventive oral care

Spanning across October-November, the ‘Oral Health Month’ involves in-clinic free cavity check-ups, school contact programs, mobile dental vans with free cavity check-up facilities and other engaging awareness activities. To avail of a free in-clinic cavity check-up, all one has to do is SMS his/her postal pin code to 5676711 for information on a dentist in their locality. The dentist details are provided as a reply to the SMS. As part of this initiative, 13 mobile dental vans will also travel across 39 cities to make basic oral care facilities accessible to the underprivileged, through the support of IDA dentists.

In addition to this year’s activities planned, Colgate is also planning an awareness drive across orphanages in select cities. As part of this activity, dentists will examine children for a cavity free mouth and will also share basic oral care tips with them. They will also encourage the kids to inculcate healthy eating habits and follow a strict oral care regime.

Announcing the ninth edition of the Oral Health Month, Ms. Rekha Rao, VP Marketing, Colgate-Palmolive (India) Limited, said, “Oral care awareness is at the heart of Colgate, with the Oral Health Month being an important pillar of our foundation in the country. We have always believed that it’s critically important to champion the cause of oral health and have consistently led from the front in generating oral care awareness. What started as a conviction to elevate awareness levels and accessibility for better oral health has transformed into the biggest national drive promoting the importance of oral care in the country.”

She further stated, “It is our constant endeavour to take OHM to the next level, each year. This year, we have introduced a new activity where we will reach out to orphanages and conduct free cavity check-ups. This is in line with our commitment of reaching out to as many people as possible. I would like to thank everyone who has been associated with the initiative especially the Indian Dental Association (IDA) dentists who have been relentlessly working with us in making a difference.”

Dr. Ashok Dhoble, Hon. Secretary General, Indian Dental Association added, “We are proud to be associated with Colgate for the Oral Health Month. We have been closely working with them on this initiative for the last eight years and believe that this is an effective campaign to spread awareness on good oral hygiene. For most, oral care is about finding a cure for their toothache, little realizing that a simple daily regime can prevent painful cavities and help them lead a healthier life. Through the initiative, we are encouraging people to have their dental health checked, so that they can understand directly from reputed dentists what remedial action they need to take, as well as learn basic habits that can help maintain better oral health.”

ABOUT THE INDIAN DENTAL ASSOCIATION

The Indian Dental Association (IDA), formed in 1946, is the largest recognized body of dental professionals in India. It has helped shape the National Oral Health Policy. Working towards the promotion, encouragement and advancement of dental and allied sciences the IDA has a national presence with 30 state branches, 1 defense branch and more than 250 local branches spread across India. It has a combined strength of over 50,000 dentists and student members registered with it.

All along, IDA has been in the forefront of oral health campaigns and, towards its goal of attaining optimum oral health in the country, it has initiated quite a few novel activities like SPOT (Spot and Prevent Oral Cancer Trauma) Centres for early detection and treatment of oral cancer, TII (Tobacco Intervention Initiative) Centres for tobacco cessation and behavioral counseling under the banner of its Oral Cancer Foundation, Child Dental Centre for caries treatment and Educational and Training Centres for continuing education for professional advancement of dentists. For details of IDA's projects and programmes.

ABOUT COLGATE-PALMOLIVE

Colgate-Palmolive (India) Limited is India’s leading provider of scientifically proven oral care products with multiple benefits at various price points. The range includes toothpastes, toothpowder, toothbrushes and mouthwashes under the “Colgate” brand, as well as a specialized range of dental therapies under the banner of Colgate Oral Pharmaceuticals. These have become an essential part of daily oral hygiene and therapeutic oral care in India. The Company also provides a range of personal care products under the ‘Palmolive’ brand name.

Colgate has been ranked as India’s #1 Most Trusted Brand across all categories for four consecutive years from 2003 to 2007 and in 2011 by Brand Equity’s Most Trusted Brand Survey. It is the only brand to be in the top three from 2001-2011. Prior to this, Colgate was also rated as the #1 brand by the A&M – MODE Annual Survey for India’s Top Brands for eight out of nine years during the period 1992 to 2001.

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.53.57
UK Pound	1	Rs.84.37
Euro	1	Rs.72.23

INFORMATION DETAILS

Information Gathered by :	PDT

Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	5
--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		33

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

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