MIRA INFORM REPORT

Report Date :

03.07.2013

IDENTIFICATION DETAILS

Name :	FORTIS HEALTH MANAGEMENT LIMITED
Registered Office :	Escorts Heart Institute and Research Centre, Okhla Road, New Delhi – 110025
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	07.04.2008
Com. Reg. No.:	55-176412
Capital Investment / Paid-up Capital :	Rs. 25.290 Millions
CIN No.: [Company Identification No.]	U85110DL2008PLC176412
TAN No.: [Tax Deduction & Collection Account No.]	DELF03601D
PAN No.: [Permanent Account No.]	AABCF2101R
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is primarily involved in setting up and running of hospitals.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 1813000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a subsidiary of “Fortis Healthcare Limited”. It is an established company having moderate track record. The company has incurred some accumulated losses which are being successfully wiped off from the funds infused in the reserves of the company. There appear huge external borrowings which are increasing over previous year which add on to the heavily stretched liquidity position. However, trade relations are fair. Business is active. Payment terms are reported to be slow. The company 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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

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

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 :	Escorts Heart Institute and Research Centre, Okhla Road, New Delhi – 110025, India
Tel. No.:	91-11-26825000
Mobile No.:	91-9717044423 (Mr. Anand)
Fax No.:	91-11-42628435
E-Mail :	secretarial@fortishealthcare.com contactus@fortishealthcare.com suresh.kumar@fortishealthcare.com sunil.singla@religarehealthtrust.com
Website :	www.fortishealthcare.com
Corporate Office :	Tower A, Unitech Business Park, Block F, South City 1, Sector 41, Gurgaon – 122001, Haryana India
Tel No. :	91-124-4921061/ 4921033/4921021/4921071
Fax No.:	91-124-4129900/492 1041
E-Mail :	enquiries@fortishealthcare.com investor.relations@fortishealthcare.com

DIRECTORS

As on 27.09.2012

Name :

Mr. Daljit Singh

Designation :

Director

Address :

B-6/9, DLF Phase – 1, Gurgaon – 122001, Haryana, India

Date of Birth/Age :

29.01.1953

Qualification:

B.Tech. (Chem.)

Date of Appointment :

28.07.2008

DIN No.:

00135414

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	U74899DL1983PTC014923	SUNRISE MEDICARE PRIVATE LIMITED	Nominee director	03/01/2006	03/01/2006	01/12/2006	Active	NO
2	U85194DL1984PLC205390	FORTIS HEALTHSTAFF LIMITED	Director	06/04/2006	06/04/2006	01/12/2012	Active	NO
3	U85121DL2006PLC148330	RELIGARE WELLNESS LIMITED	Director	29/09/2007	06/05/2006	18/04/2008	Active	NO
4	U74899DL1990PLC141133	FORTIS HOSPOTEL LIMITED	Director	14/08/2006	01/06/2006	-	Active	NO
5	U85110HR1998PLC048142	ESCORTS HEART AND SUPER SPECIALITY INSTITUTE LIMITED	Director	23/07/2007	31/05/2007	01/11/2012	Active	NO
6	U85110DL2003PLC120016	ESCORTS HEART AND SUPER SPECIALITY HOSPITAL LIMITED	Director	23/07/2007	07/06/2007	01/11/2012	Active	NO
7	U85110HR1997PLC048256	ESCORTS HOSPITAL AND RESEARCH CENTRE LIMITED	Director	23/07/2007	07/06/2007	01/11/2012	Active	NO
8	U85110DL2000PLC148223	ESCORTS HEART CENTRE LIMITED	Director	23/07/2007	07/06/2007	29/03/2011	Active	NO
9	U74999HR1994PLC048225	INTERNATIONAL HOSPITAL LIMITED	Director	17/09/2008	07/09/2007	01/05/2010	Active	NO
10	U51397DL2002PTC116043	MEDSOURCE HEALTHCARE PRIVATE LIMITED	Additional director	03/03/2008	03/03/2008	18/04/2008	Active	NO
11	U85100DL2008PTC175302	RELIANT HEALTHCARE CONSULTANCY PRIVATE LIMITED	Additional director	01/12/2012	13/03/2008	-	Active	NO
12	U85110DL2008PLC176412	FORTIS HEALTH MANAGEMENT LIMITED	Director	28/07/2008	07/04/2008	01/11/2012	Active	NO
13	U85110DL2008PLC176522	FORTIS HOSPITAL MANAGEMENT LIMITED	Director	26/12/2008	09/04/2008	28/03/2011	Active	NO

Name :

Mr. Anurag Yadav

Designation :

Director

Address :

21/504. East End Apartments, Mayur Vihar Extn. Phase I, New Delhi – 110096, India

Date of Birth/Age :

20.08.1969

Qualification:

M COM, LL.B., and FCA

Date of Appointment :

19.09.2011

DIN No.:

02242031

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	U85100DL2008PTC175302	Reliant Healthcare Consultancy Private Limited	Director	10/09/2009	30/05/2008	-	Active	NO
2	U85110DL2010PLC208379	FORTIS C-DOC HEALTHCARE LIMITED	Director	19/09/2011	06/12/2010	-	Active	NO
3	U85110DL2008PLC176412	FORTIS HEALTH MANAGEMENT LIMITED	Director	19/09/2011	17/03/2011	01/11/2012	Active	NO
4	U85190DL2011PLC217462	FORTIS HEALTH MANAGEMENT (EAST) LIMITED	Director	13/04/2011	13/04/2011	-	Active	NO
5	U85110DL2011PLC217187	FORTIS HEALTH MANAGEMENT(NORTH) LIMITED	Director	28/09/2012	15/11/2011	01/12/2012	Active	NO
6	U85100DL2011PLC217500	FORTIS HEALTH MANAGEMENT (WEST) LIMITED	Director	28/09/2012	15/11/2011	-	Active	NO
7	U93000DL2009PLC189866	FORTIS EMERGENCY SERVICES LIMITED	Director	28/09/2012	15/11/2011	-	Active	NO
8	U93000TN2009PLC072209	MALAR STARS MEDICARE LIMITED	Additional director	01/12/2012	01/12/2012	-	Active	NO
9	U85110DL2011PLC217420	FORTIS HEALTH MANAGEMENT (SOUTH) LIMITED	Director	01/12/2012	01/12/2012	-	Active	NO

Name :

Mr. Hemant Dhingra

Designation :

Director

Address :

P-23, Malviya Nagar, New Delhi – 110017, India

Date of Birth/Age :

12.11.1968

Qualification:

ICWA

Date of Appointment :

07.03.2011

DIN No.:

00043039

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	U45202DL1988PTC033270	HOSPITALIA EASTERN PRIVATE LIMITED	Director	28/06/2000	28/06/2000	01/11/2012	Active	NO
2	U72200DL1992PTC048760	HOSPITALIA INFORMATION SYSTEMS PRIVATE LIMITED	Director	28/06/2000	28/06/2000	-	Active	NO
3	U65921DL1984PTC152425	SHIVI HOLDINGS PRIVATE LIMITED	Director	10/12/2003	10/12/2003	01/08/2008	Active	NO
4	U73100DL2001PLC109185	SHIMAL RESEARCH LABORATORIES LIMITED	Director	10/10/2005	10/10/2005	05/10/2009	Active	NO
5	U74999DL2003PLC123220	RELIGARE COMMODITIES LIMITED	Director	27/09/2007	26/03/2007	06/08/2010	Active	NO
6	U67190DL2007PTC162322	RHC HOLDING PRIVATE LIMITED	Director	19/04/2007	19/04/2007	12/11/2008	Active	NO
7	U74140DL2006PLC144608	RELIGARE FINANCIAL CONSULTANCY SERVICES LIMITED	Director	27/09/2007	25/05/2007	06/08/2010	Active	NO
8	U45200DL2007PLC158928	REL INFRAFACILITIES LIMITED	Director	28/09/2007	28/05/2007	06/08/2010	Active	NO
9	U65923DL2007PLC159330	RELIGARE FINANCE LIMITED	Director	28/09/2007	28/05/2007	06/08/2010	Active	NO
10	U51909DL2007PLC159042	RELIGARE CAPITAL MARKETS LIMITED	Director	28/09/2007	28/05/2007	06/08/2010	Active	NO
11	U72900DL2007PLC159272	RELIGARE TECHNOVA BUSINESS INTELLECT LIMITED	Director	28/09/2007	28/05/2007	-	Amalgamated	NO
12	U74899DL1994PLC062888	ANR SECURITIES LIMITED	Director	27/06/2007	27/06/2007	-	Active	NO
13	U20296DL2007PLC166944	RELIGARE ARTS INITIATIVE LIMITED	Director	13/08/2007	13/08/2007	14/09/2007	Active	NO
14	U85110DL1984PTC192009	FERN HEALTHCARE PRIVATE LIMITED	Additional director	01/05/2008	01/05/2008	27/05/2009	Active	NO
15	U24119HP1991PLC011592	RANCHEM LIMITED	Director	07/06/2013	08/10/2008	-	Active	NO
16	U74999DL2007PTC161429	GREEN BIOFUELS FARMS PRIVATE LIMITED	Director	15/09/2009	15/09/2009	-	Active	NO
17	U45200DL2008PTC178822	BINDAS REALTORS PRIVATE LIMITED	Director	05/10/2009	05/10/2009	-	Active	NO
18	U74140DL2009PLC195148	FORTIS GLOBAL HEALTHCARE LIMITED	Director	15/10/2009	15/10/2009	-	Active	NO
19	U51398DL2010PLC204578	RELIGARE COMTRADE LIMITED	Additional director	25/12/2010	25/12/2010	-	Active	NO
20	U85110DL2000PLC148223	ESCORTS HEART CENTRE LIMITED	Additional director	04/03/2011	04/03/2011	-	Active	NO
21	U85110DL2008PLC176522	FORTIS HOSPITAL MANAGEMENT LIMITED	Additional director	07/03/2011	07/03/2011	-	Active	NO

Name :

Mr. Virendra Kumar Sobti

Designation :

Whole-time Director

Address :

I-81, Naraina Vihar, New Delhi – 110028, India

Date of Birth/Age :

01.02.1962

Date of Appointment :

15.02.2013

DIN No.:

05287975

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	U85110DL2012PTC236792	SURYANSH LIFECARE PRIVATE LIMITED	Director	31/05/2012	31/05/2012	-	Active	NO
2	U85100HR1988PLC048080	KANISHKA HEALTHCARE LIMITED	Additional director	24/01/2013	24/01/2013	-	Active	NO
3	U45202DL1988PTC033270	HOSPITALIA EASTERN PRIVATE LIMITED	Additional director	24/01/2013	24/01/2013	-	Active	NO
4	U85110HR1997PLC048256	ESCORTS HOSPITAL AND RESEARCH CENTRE LIMITED	Whole-time director	24/01/2013	24/01/2013	-	Active	NO
5	U85110HR1998PLC048142	ESCORTS HEART AND SUPER SPECIALITY INSTITUTE LIMITED	Whole-time director	24/01/2013	24/01/2013	-	Active	NO
6	U85110DL2003PLC120016	ESCORTS HEART AND SUPER SPECIALITY HOSPITAL LIMITED	Whole-time director	24/01/2013	24/01/2013	-	Active	NO
7	U74999HR1994PLC048225	INTERNATIONAL HOSPITAL LIMITED	Whole-time director	24/01/2013	24/01/2013	-	Active	NO
8	U74899DL1990PLC141133	FORTIS HOSPOTEL LIMITED	Additional director	15/02/2013	15/02/2013	-	Active	NO
9	U85110DL2008PLC176412	FORTIS HEALTH MANAGEMENT LIMITED	Whole-time director	15/02/2013	15/02/2013	-	Active	NO

MAJOR SHAREHOLDERS

As on 27.09.2012

Names of Equity Shareholders	No. of Equity Shares
Fortis Global Healthcare Infrastructure Pte Limited, Singapore	1200000
Kanishka Healthcare Limited, India	1199994
Escorts Heart Institute and Research Centre Limited, India	100000
Yogesh Kumar Sareen (Held as a nominee of Kanishka Healthcare Limited)	1
Pankaj Gulati (Held as a nominee of Kanishka Healthcare Limited)	1
Manu Kapila (Held as a nominee of Kanishka Healthcare Limited)	1
Jasbir Singh Grewal (Held as a nominee of Kanishka Healthcare Limited)	1
Daljit Singh (Held as a nominee of Kanishka Healthcare Limited)	1
Anurag Yadav (Held as a nominee of Kanishka Healthcare Limited)	1
Total	2500000

Names of Preference Shareholders	No. of Preference Shares
Kanishka Healthcare Limited, India	29000
Total	29000

Equity Share Break up (Percentage of Total Equity)

As on 27.09.2012

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	48.00
Bodies corporate	52.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is primarily involved in setting up and running of hospitals.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Not Available

Facilities :

Secured Loans	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Short Term Borrowings
Term Loan from Bank	650.000	0.000
Total	650.000	0.000

Banking Relations :	--
Auditors :
Name :	S R B C and Company Chartered Accountants
Address :	Golf View Corporate Towe r -B, sector-42,Gurgaon, Haryana
PAN.:	ABSFS4151K
Ultimate holding company :	RHC Holding Private Limited ((holding of Fortis Healthcare Holdings Private Limited (formerly Fortis Healthcare Holdings Limited))
Holding company :	Fortis Healthcare Holdings Private Limited (formerly Fortis Healthcare Holdings Limited (holding company of Fortis Healthcare Limited (formerly Fortis Healthcare (India) Limited))) Fortis Healthcare Limited (formerly Fortis Healthcare (India) Limited) CIN No.: U65993DL2001PTC152641 Fortis Hospotel Limited (up to March 16, 2011)
Enterprises which control (directly or indirectly) reporting enterprise :	Kanishka Healthcare Limited CIN No: U85100HR1988PLC048080 Fortis Global Healthcare Infrastructure Pte Limited
Subsidiaries of reporting enterprise :	Hospitalia Eastern Private Limited (w.e.f October 1, 2011) CIN No.: U45202DL1988PTC033270 International Hospital Limited (w.e.f Januaury 9, 2012) Escorts Heart and Super Speciality Institute Limited CIN No.: U85110CH2000PLC023744
Associates :	Fortis Hospotel Limited (w.e.f. January 9, 2012)
Fellow Subsidiaries :	Escorts Heart And Super Speciality Hospital Limited (w.e.f Januaury 9, 2012) Escorts Heart Institute and Research Centre Limited Lalitha Healthcare Private Limited Fortis Hospitals Limited Fortis Malar Hospitals Limited Fortis Health Management (North) Limited Fortis Hospotel Limited (from March 17, 2011 to January 8, 2012) Super Religare Laboratories Limited (w.e.f May 12, 2011)

CAPITAL STRUCTURE

After 27.09.2012

Authorised Capital : Rs. 45.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 25.918 Millions

As on 27.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
3500000	Equity Shares	Rs. 10/- each	Rs. 35.000 Millions
1000000	Preference Shares	Rs. 10/- each	Rs. 10.000 Millions
	Total		Rs. 45.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2500000	Equity Shares	Rs. 10/- each	Rs. 25.000 Millions
29000	Preference Shares	Rs. 10/- each	Rs. 0.290 Millions
	Total		Rs. 25.290 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	25.290	24.010
(b) Reserves & Surplus	0.000	0.000
(c) Money received against share warrants	427.997	203.353
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	453.287	227.363
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.394	0.456
Total Non-current Liabilities (3)	0.394	0.456
(4) Current Liabilities
(a) Short term borrowings	6612.590	5.500
(b) Trade payables	14.952	12.337
(c) Other current liabilities	96.719	242.392
(d) Short-term provisions	0.445	0.566
Total Current Liabilities (4)	6724.706	260.795
TOTAL	7178.387	488.614
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	57.091	64.361
(ii) Intangible Assets	165.996	165.996
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	5344.700	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	3.930	3.890
(e) Other Non-current assets	5.066	0.021
Total Non-Current Assets	5576.783	234.268
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	2.892	0.795
(c) Trade receivables	14.106	10.260
(d) Cash and cash equivalents	10.796	240.140
(e) Short-term loans and advances	1559.833	0.742
(f) Other current assets	13.977	0.409
Total Current Assets	1601.604	252.346
TOTAL	7178.387	488.614

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.500
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		(5.799)
NETWORTH		(5.299)
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		11.563
TOTAL BORROWING		11.563
DEFERRED TAX LIABILITIES		0.000
TOTAL		6.264
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000
Capital work-in-progress		0.000
Goodwill on acquisition		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.112
	Other Current Assets	0.000
	Loans & Advances	6.207
Total Current Assets		6.319
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.006
	Other Current Liabilities	0.000
	Provisions	0.049
Total Current Liabilities		0.055
Net Current Assets		6.264
MISCELLANEOUS EXPENSES		0.000
TOTAL		6.264

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	117.197	0.398	0.000
		Other Income	28.830	0.028	0.000
		TOTAL (A)	146.027	0.426	0.000
Less	EXPENSES
		Purchase in stock-in-trade	25.076	0.058
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	-0.097	0.101
		Employee Benefit Expenses	18.891	1.305
		Other Expenses	67.096	0.505
		TOTAL (B)	110.966	1.969	1.889
Less	PROFIT/LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		35.061	(1.543)	(1.889)
Less	FINANCIAL EXPENSES (D)		30.322	0.833	1.087
	PROFIT/LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		4.739	(2.367)	(2.976)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		10.877	0.061	0.000
	PROFIT/LOSS BEFORE TAX (E-F) (G)		(6.138)	(2.428)	(2.976)
Less	TAX (H)		0.000	0.000	0.000
	PROFIT/LOSS AFTER TAX (G-H) (I)		(6.138)	(2.428)	(2.976)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(8.237)	(5.799)	(2.823)
	BALANCE CARRIED TO THE B/S		(14.375)	(8.237)	(5.799)
	Earnings Per Share (Rs.)		(2.5)	(35.17)	(19.62)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	(4.20)	(569.95)	0.00
Net Profit Margin (PBT/Sales)	(%)	(5.24)	(610.05)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(0.33)	(0.50)	(0.47)
Return on Investment (ROI) (PBT/Networth)		(0.01)	(0.01)	(0.56)
Debt Equity Ratio (Total Debt /Networth)		14.59	0.02	(2.19)
Current Ratio (Current Asset/Current Liability)		0.24	0.97	114.89

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	No
10]	Designation of contact person	No
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	No
24]	Banking facility details	Yes
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

UNSECURED LOANS:

Particulars	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Short Term Borrowings
Term Loan From Others	5962.590	5.500
Total	5962.590	5.500

OPERATIONS:

During the year, the Companies revenues have increased from Rs 0.425 Millions to Rs 146.027 Millions.

The Company has posted an operating profit of Rs 35.062 Millions compared to Rs 1.544 Millions operating loss.

FIXED ASSETS:

• Building
• Plant and Machinery
• Medical Equipments
• Furniture and fittings
• Computers
• Office equipments
• Vehicles

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. 59.41
UK Pound	1	Rs. 91.07
Euro	1	Rs. 77.61

INFORMATION DETAILS

Report Prepared by :

VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
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	4
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		29

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.