MIRA INFORM REPORT

Report Date :

11.12.2014

IDENTIFICATION DETAILS

Name :	BPL MEDICAL TECHNOLOGIES PRIVATE LIMITED
Registered Office :	11th KM, Arakere, Bannerghatta Road, Bangalore – 560076, Karnataka
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	14.12.2012
Com. Reg. No.:	08-067282
Capital Investment / Paid-up Capital :	Rs.653.869 Millions
CIN No.: [Company Identification No.]	U33110KA2012PTC067282
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	BLRB10882E
PAN No.: [Permanent Account No.]	AAFCB3158E
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Trader of Medical Equipment.
No. of Employees :	175 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The company has incurred a loss from its operations during 2014. However, Trade relations are improving. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings with some cautions.

NOTES:

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

NOT AVAILABLE

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Sanket Gandhi
Designation :	Regional Manager
Contact No.:	91-8866888576
Date :	10.12.2014

LOCATIONS

Registered Office / Sales Office:	11th KM, Arakere, Bannerghatta Road, Bangalore – 560076, Karnataka, India
Tel. No.:	91-80-2648 4314 / 4348 / 4350 / 4388 / 0209
Mobile No.:	91-8866888576 (Mr. Sanket Gandhi)
Fax No.:	91-80-26480426
E-Mail :	m.srinathmaniyal@bpl.in ck.anilvarma@bpl.in s.ramachandran@bpl.in sales.medical@bpl.in joby.issac@bpl.in arun.kumar@bpl.in sales.healthcare@bpl.in
Website :	http://bplmedicaltechnologies.com
Factory :	Kootupatha Junction, Chandra Nagar, P.O. Palakkad – 678007, Kerala, India
Tel. No.:	91-491-2573100
Warehouse :	Located At Ahmedabad, Gujarat, India
Branch Office :	313, Samaan Complex, 3^rd Floor, Near Satelite Apartment, Ahmedabad – 380015, Gujarat, India

DIRECTORS

As on 04.09.2014

Name :

Mr. Sunil Khurana Kumar

Designation :

Managing Director

Address :

No.509, A4, Thungabhadra N.G.V., Koramangala, Bangalore - 560047, Karnataka, India

Date of Birth/Age :

10.08.1961

Date of Appointment :

12.08.2013

PAN No.:

ACNPK2559F

DIN No.:

06642212

Name :

Mr. Suraj Lal Mehta

Designation :

Director

Address :

401 A Palladium, 46c Nathan Road, Pune - 411001, Maharashtra, India

Date of Birth/Age :

01.05.1944

Date of Appointment :

12.08.2013

DIN No.:

00164791

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	L28997KL1963PLC002015	BPL LIMITED	Director	23/07/2001	23/07/2001	-	Active	NO
2	U66010PN2000PLC015329	BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED	Director	06/06/2002	06/06/2002	-	Active	NO
3	U66010PN2001PLC015959	BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED	Director	06/06/2002	06/06/2002	-	Active	NO
4	L29199GJ1981PLC028741	INTEGRA ENGINEERING INDIA LIMITED	Director	31/10/2007	31/10/2007	28/10/2009	Active	NO
5	U33110KA2012PTC067282	BPL Medical Technologies Private Limited	Director	12/08/2013	12/08/2013	-	Active	NO
1	L28997KL1963PLC002015	BPL LIMITED	Director	23/07/2001	23/07/2001	-	Active	NO

Name :

Mrs. Anju Chandrasekhar

Designation :

Director

Address :

No.375, 13th Main, 3rd Block, Koramangala, Bangalore - 560034, Karnataka, India

Date of Birth/Age :

19.05.1967

Date of Appointment :

10.08.2013

DIN No.:

00228746

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
	U67120MH1982PTC027240	NAMBIAR INTERNATIONAL INVESTMENT CO PVT LTD	Director	19/05/1985	19/05/1985	-	Active	NO
2	U67190KA1983PLC005207	ANAN PROPERTIES AND FINANCE COMPANY PRIVATE LIMITED	Director	12/09/1986	12/09/1986	-	Active	NO
3	U72200KA1981PTC004119	E R COMPUTERS PRIVATE LIMITED	Director	30/04/1990	30/04/1990	-	Active	NO
4	U67120MH1982PTC027248	ELECTRO INVESTMENT PRIVATE LIMITED	Director	20/09/1990	20/09/1990	-	Active	NO
5	L28997KL1963PLC002015	BPL LIMITED	Director	31/12/1991	31/12/1991	-	Active	NO
6	U32109KA1967PTC020923	DYNAMIC ELECTRONICS PRIVATE LIMITED	Director	30/08/2011	01/01/1993	-	Active	NO
7	U74140KA1993PTC013992	Vectra Consultancy Services Private Limited	Director	09/02/1993	09/02/1993	20/01/2009	Active	NO
8	U85110KA1983PTC005214	BPL TECHNO VISION PRIVATE LIMITED	Director	01/08/1994	01/08/1994	31/03/2014	Active	NO
9	U32204KL1995PTC008541	PanIndia Telecommunications Network Private Limited	Director	06/01/1995	06/01/1995	-	Active	NO
10	U85110KA1968PTC001721	ELECTRONIC RESEARCH PRIVATE LIMITED	Director	01/07/1998	01/07/1998	-	Active	NO
11	U30007KA1987PTC030347	STALLION COMPUTERS PRIVATE LIMITED	Director	16/11/1998	16/11/1998	-	Active	NO
12	U07010KA2000PTC026609	VIRTUAL PROPERTIES & ESTATES PRIVATE LIMITED	Director	15/03/2000	15/03/2000	-	Active	NO
13	U32106KL2003PTC015901	NI MICRO TECHNOLOGIES PRIVATE LIMITED	Director	22/01/2003	22/01/2003	07/11/2008	Active	NO
14	U67120KA2004PTC033653	JUPITER CAPITAL PRIVATE LIMITED	Director	23/08/2005	23/08/2005	21/03/2008	Active	NO
15	U55102KL1986PTC004465	NIRAAMAYA RETREATS KOVALAM PRIVATE LIMITED	Director	30/09/2013	30/12/2006	-	Active	NO
16	U74300MH2006PTC199520	JUPITER ENTERTAINMENT VENTURES PRIVATE LIMITED	Director	01/06/2007	01/06/2007	-	Amalgamated	NO
17	U85110KA2000PTC028009	Jupiter Aviation Services Private Limited	Director	19/06/2007	19/06/2007	28/01/2008	Active	NO
18	U52334KA1995PTC018407	TECHNOCITY DIGITAL ELECTRONICS PRIVATE LIMITED	Director	30/09/2011	25/07/2011	-	Active	NO
19	U85110KA1995PTC019437	ASIAN AGE (INDIA) PRIVATE LIMITED	Additional director	23/11/2012	23/11/2012	-	Active	NO
20	U33110KA2012PTC067282	BPL Medical Technologies Private Limited	Director	12/08/2013	14/12/2012	-	Active	N

Name :

Mr. Ajit Gopal Nambiar

Designation :

Director

Address :

No.10.3, Cunningham Cresent Road, Cunningham Road Cross, Bangalore - 560052, Karnataka, India

Date of Birth/Age :

11.07.1963

Date of Appointment :

10.08.2013

DIN No.:

00228857

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	U67190KA1983PLC005207	ANAN PROPERTIES AND FINANCE COMPANY PRIVATE LIMITED	Director	19/03/1983	19/03/1983	-	Active	NO
2	U67120MH1982PTC027248	ELECTRO INVESTMENT PRIVATE LIMITED	Director	12/01/1985	12/01/1985	-	Active	NO
3	U67120MH1982PTC027240	NAMBIAR INTERNATIONAL INVESTMENT CO PRIVATE LIMITED	Director	12/01/1985	12/01/1985	-	Active	NO
4	L28997KL1963PLC002015	BPL LIMITED	Managing director	21/09/1988	21/09/1988	-	Active	NO
5	U36911KA1921PTC000596	BARTON SON & CO PRIVATE LIMITED	Director	12/05/1989	12/05/1989	08/10/2008	Active	NO
6	U72200KA1981PTC004119	E R COMPUTERS PRIVATE LIMITED	Director	30/04/1990	30/04/1990	-	Active	NO
7	U85110KA1968PTC001721	ELECTRONIC RESEARCH PRIVATE LIMITED	Director	26/09/1994	26/09/1994	-	Active	NO
8	U32204KL1995PTC008541	PanIndia Telecommunications Network Private Limited	Director	06/01/1995	06/01/1995	-	Active	NO
9	U40101KL1995PTC008540	BPL POWER PROJECTS KERALA PRIVATE LIMITED	Director	06/01/1995	06/01/1995	-	Strike off	NO
10	U40109TG1995PTC019105	BPL POWER PROJECTS (AP) PRIVATE LIMITED	Director	02/11/1995	02/11/1995	-	Active	NO
11	U85110KA1995PTC018034	PHOENIX HOLDINGS PRIVATE LIMITED	Director	24/02/1997	24/02/1997	-	Active	NO
12	U30007KA1987PTC030347	STALLION COMPUTERS PRIVATE LIMITED	Director	16/11/1998	16/11/1998	-	Active	NO
13	L27104UP1985PLC007518	BPL DISPLAY DEVICES LIMITED	Director	21/12/1998	21/12/1998	26/09/2008	Under liquidation	NO
14	U32106KL2003PTC015901	NI MICRO TECHNOLOGIES PRIVATE LIMITED	Director	22/01/2003	22/01/2003	-	Active	NO
15	U74140KA2004PTC034016	SANYO BPL PRIVATE LIMITED	Director	10/12/2010	27/05/2004	-	Under liquidation	NO
16	U32109KA1967PTC020923	DYNAMIC ELECTRONICS PRIVATE LIMITED	Director	07/04/2005	07/04/2005	-	Active	NO
17	U32204KL1994PTC008513	BPL TELECOM PRIVATE LIMITED	Managing director	01/01/2011	01/01/2006	-	Active	NO
18	U65921KA1995PTC018406	ZYFAX SYSTEMS (BANGALORE) PRIVATE LIMITED	Director	08/12/2006	08/12/2006	-	Active	NO
19	U40106TN2007PTC062247	BPL-FTA ENERGIES PRIVATE LIMITED	Director	07/10/2008	05/02/2007	-	Active	NO
20	U40109KA1996PLC021067	BHARAT ENERGY VENTURES LIMITED	Director	21/02/2007	21/02/2007	-	Active	NO
21	U65910KA1992PTC013682	MERINO FINANCE PRIVATE LIMITED	Director	15/06/2007	15/06/2007	-	Active	NO
22	U85110KA1983PTC005214	BPL TECHNO VISION PRIVATE LIMITED	Director	29/09/2008	28/06/2008	-	Active	NO
23	L30007TN1988PLC016184	PANASONIC APPLIANCES INDIA COMPANY LIMITED	Director	28/09/2012	30/08/2012	-	Active	NO
24	U85110KA1995PTC019437	ASIAN AGE (INDIA) PRIVATE LIMITED	Additional director	23/11/2012	23/11/2012	-	Active	NO
25	U33110KA2012PTC067282	BPL Medical Technologies Private Limited	Director	12/09/2013	14/12/2012	-	Active	N

Name :

Mr. Harsh Nanda

Designation :

Director

Address :

A-806, Oberoi Splendor, J V Link Road, Opposite Majas Depot, Jogeshwari (East), Mumbai - 400060, Maharashtra, India

Date of Birth/Age :

29.05.1979

Date of Appointment :

12.08.2013

DIN No.:

03626023

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	U40300MH2011PTC212505	ReNew Power Ventures Private Limited	Director	22/09/2011	22/09/2011	-	Active	NO
2	U40101DL2011PTC224171	ReNew Wind Energy (Rajkot) Private Limited	Director	09/03/2012	06/03/2012	02/12/2013	Active	NO
3	U40101DL2011PTC225146	ReNew Wind Energy (Varekarwadi) Private Limited	Director	30/09/2013	06/03/2012	-	Active	NO
4	U40106DL2011PTC224360	ReNew Wind Energy (Jadeswar) Private Limited	Director	25/04/2012	06/03/2012	02/12/2013	Active	NO
5	U40101DL2011PTC215373	ReNew Wind Energy Delhi Private Limited	Director	25/04/2012	21/03/2012	-	Active	NO
6	U40108DL2011PTC224921	ReNew Wind Energy (Shivpur) Private Limited	Director	25/04/2012	21/03/2012	-	Active	NO
7	U40300DL2012PTC235917	ReNew Wind Energy (Rajasthan) Private Limited	Director	16/05/2012	16/05/2012	10/12/2013	Active	NO
8	U40109DL2012PTC235990	ReNew Wind Energy (Karnataka) Private Limited	Director	17/05/2012	17/05/2012	-	Active	NO
9	U40300DL2012PTC236229	ReNew Wind Energy (Sipla) Private Limited	Director	21/05/2012	21/05/2012	-	Active	NO
10	U40101DL2012PTC236227	ReNew Wind Energy (Jath) Private Limited	Director	21/05/2012	21/05/2012	-	Active	NO
11	U40106DL2012PTC236356	ReNew Wind Energy (Welturi) Private Limited	Director	23/05/2012	23/05/2012	02/12/2013	Active	NO
12	U40109DL2012PTC236509	ReNew Wind Energy (Devgarh) Private Limited	Director	25/05/2012	25/05/2012	18/10/2013	Active	NO
13	U40300DL2012PTC236953	ReNew Solar Power Private Limited	Director	05/06/2012	05/06/2012	-	Active	NO
14	U74899DL1995PLC073261	SUDHIR GENSETS LIMITED	Alternate director	11/06/2012	11/06/2012	06/07/2012	Active	NO
15	U85110KA2009PTC048832	NOVA MEDICAL CENTERS PRIVATE LIMITED	Nominee director	13/08/2012	13/08/2012	-	Active	NO
16	U40106DL2012PTC242743	ReNew Wind Energy (Jamb) Private Limited	Director	25/09/2012	25/09/2012	-	Active	NO
17	U40300DL2012PTC242747	ReNew Wind Energy (Orissa) Private Limited	Director	25/09/2012	25/09/2012	02/12/2013	Active	NO
18	U40106DL2012PTC242719	ReNew Wind Energy (AP) Private Limited	Director	25/09/2012	25/09/2012	02/12/2013	Active	NO
19	U40106DL2012PTC242763	ReNew Wind Energy (MP) Private Limited	Director	26/09/2012	26/09/2012	05/03/2014	Active	NO
20	U74900KA2010PTC055474	NOVA PULSE IVF CLINIC PRIVATE LIMITED	Nominee director	10/10/2012	10/10/2012	-	Active	NO
21	U40106DL2013PTC250153	ReNew Solar Energy Private limited	Director	01/04/2013	01/04/2013	-	Active	NO
22	U40106DL2013PTC250183	ReNew Wind Energy (TN) Private Limited	Director	02/04/2013	02/04/2013	-	Active	NO
23	U40100DL2013PTC250292	ReNew Wind Energy (Rajasthan 2) Private Limited	Director	04/04/2013	04/04/2013	-	Active	NO
24	U40106DL2013PTC250277	ReNew Solar Energy (Rajasthan) Private limited	Director	04/04/2013	04/04/2013	-	Active	NO
25	U40106DL2013PTC250258	ReNew Wind Energy (Vaspet 4) Private Limited	Director	04/04/2013	04/04/2013	-	Active	NO
26	U40106DL2013PTC250362	ReNew Wind Energy (Budh 3) Private Limited	Director	05/04/2013	05/04/2013	-	Active	NO
27	U40100DL2013PTC250344	ReNew Wind Energy (Karnataka Two) Private Limited	Director	05/04/2013	05/04/2013	-	Active	NO
28	U40300DL2013PTC250337	ReNew Wind Energy (AP 2) Private Limited	Director	05/04/2013	05/04/2013	-	Active	NO
29	U40106DL2013PTC251158	ReNew Wind Energy (Vaspet 5) Private Limited	Director	26/04/2013	26/04/2013	-	Active	NO
30	U40300DL2013PTC251232	ReNew Wind Energy (Jath Three) Private Limited	Director	30/04/2013	30/04/2013	-	Active	NO
31	U40300DL2013PTC253375	ReNew Wind Energy (Karnataka 3) Private Limited	Director	01/06/2013	01/06/2013	-	Active	NO
32	U40106DL2013PTC253435	ReNew Solar Energy (Karnataka) Private Limited	Director	03/06/2013	03/06/2013	-	Active	NO
33	U40101DL2013PTC253478	ReNew Solar Energy (TN) Private Limited	Director	04/06/2013	04/06/2013	-	Active	NO
34	U40101DL2013PTC253692	ReNew Wind Energy (AP 3) Private Limited	Director	07/06/2013	07/06/2013	-	Active	NO
35	U40101DL2013PTC256405	ReNew Wind Energy (TN 2) Private Limited	Director	12/08/2013	12/08/2013	-	Active	NO
36	U33110KA2012PTC067282	BPL Medical Technologies Private Limited	Director	12/08/2013	12/08/2013	-	Active	NO
37	U40103DL2013PTC257973	ReNew Wind Energy (AP 4) Private Limited	Director	17/09/2013	17/09/2013	-	Active	NO

Name :

Mr. Sumit Sen

Designation :

Director

Address :

Flat No A.1502, Raheja Atlantis, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400018, Maharashtra, India

Date of Birth/Age :

09.10.1979

Date of Appointment :

09.12.2013

DIN No.:

06734410

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	U33110KA2012PTC067282	BPL Medical Technologies Private Limited	Director	09/12/2013	09/12/2013	-	Active	NO
2	U40106DL2012PTC242719	ReNew Wind Energy (AP) Private Limited	Director	20/09/2014	02/01/2014	-	Active	NO
3	U40106DL2011PTC224360	ReNew Wind Energy (Jadeswar) Private Limited	Director	20/09/2014	14/01/2014	-	Active	NO
4	U40106DL2012PTC236356	ReNew Wind Energy (Welturi) Private Limited	Director	20/09/2014	14/01/2014	-	Active	NO
5	U40101DL2011PTC224171	ReNew Wind Energy (Rajkot) Private Limited	Director	20/09/2014	14/01/2014	-	Active	NO
6	U40109DL2012PTC236509	ReNew Wind Energy (Devgarh) Private Limited	Director	20/09/2014	19/02/2014	-	Active	NO
7	U40300DL2012PTC235917	ReNew Wind Energy (Rajasthan) Private Limited	Director	20/09/2014	19/02/2014	-	Active	NO
8	U40300DL2012PTC242747	ReNew Wind Energy (Orissa) Private Limited	Director	20/09/2014	19/02/2014	-	Active	NO
9	U40106DL2012PTC242763	ReNew Wind Energy (MP) Private Limited	Director	20/09/2014	07/03/2014	-	Active	NO

MAJOR SHAREHOLDERS

As on 04.09.2014

Names of Shareholders	No. of Shares	% of Holding
BPL Limited, India	21050000	32.19
Electro Investment Private Limited, India	1325625	2.03
Beep Investment (Singapore) Pte Limited, Singapore	43011236	65.78
Total	65386861	100.00

Equity Share Break up (Percentage of Total Equity)

As on 04.09.2014

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	65.78
Bodies corporate	34.22
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Trader of Medical Equipment.

Products :

Product Description	Item Code No. (ITC Code)
Electro Cardiographs	90181100

Brand Names :

--

Agencies Held :

--

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Cash, Advance Payment and Credit

Purchasing :

Cash, Advance Payment and Credit

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Not Divulged

Customers :

Not Divulged

No. of Employees :

175 (Approximately)

Bankers :

Banker Name	HDFC Bank Limited
Branch Address	Bangalore – 560025, Karnataka, India
Person Name (With Designation)	Mr. Ranjeet Mishra (Regional Manager)
Contact Number	91-7483213345
Name of Account Holder	BPL Medical Technologies Private Limited
Account Number	05230330002624
Account Since (Date/Year of Account Opening)	1 Year 6 Months
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	CC = 15.000 Millions LC = 200.000 Millions
Account Operation	Satisfactory
Remarks (If any)	Banker gave us positive response about the subject company they are satisfied with their banking transaction.

Facilities :

--

Banking Relations :	--
Auditors :
Name :	S.R.Batliboi and Associates LLP Chartered Accountants
Address :	12th and 13th Floor, UB City Canbera Block, No 24, Vital Mallya Road, Bengaluru – 560001, Karnataka, India
PAN No.:	ACHFS9118A
Memberships :	--
Collaborators :	--
Holding Company :	· BPL Limited CIN No.: L28997KL1963PLC002015
Others :	· BPL Telecom Private Limited CIN No.: U32204KL1994PTC008513 · BPL Techno Vision Private Limited CIN No.: U85110KA1983PTC005214 · NI Micro Technologies Private Limited CIN No.: U32106KL2003PTC015901 · E R Computers Private Limited CIN No.: U72200KA1981PTC004119

CAPITAL STRUCTURE

As on 04.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
92000000	Equity Shares	Rs.10/- each	Rs.920.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
65386861	Equity Shares	Rs.10/- each	Rs.653.869 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	438.542	0.100
(b) Reserves & Surplus	287.677	(0.058)
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	726.219	0.042
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.172	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.172	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	169.941	0.550
(c) Other current liabilities	34.278	0.000
(d) Short-term provisions	11.377	0.000
Total Current Liabilities (4)	215.596	0.550
TOTAL	941.987	0.592
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	44.359	0.000
(ii) Intangible Assets	73.090	0.000
(iii) Capital work-in-progress	1.519	0.000
(iv) Intangible assets under development	2.185	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	18.685	0.060
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	139.838	0.060
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	195.814	0.000
(c) Trade receivables	233.048	0.000
(d) Cash and cash equivalents	315.247	0.507
(e) Short-term loans and advances	58.040	0.025
(f) Other current assets	0.000	0.000
Total Current Assets	802.149	0.532
TOTAL	941.987	0.592

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013
	SALES
		Income
		Other Income
		TOTAL (A)	646.853	0.001
Less	EXPENSES
		TOTAL (B)	728.180	0.046
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(81.327)	(0.045)
Less	FINANCIAL EXPENSES (D)		1.582	0.013
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(82.909)	(0.058)
Less	DEPRECIATION/ AMORTISATION (F)		24.062	0.000
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		(106.971)	(0.058)
Less	TAX (H)		0.000	0.000
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		(106.971)	(0.058)
	Earnings / (Loss) Per Share (Rs.)		(1.64)	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013
Net Profit Margin (PAT/Sales)	(%)	(16.54)	(5800.00)
Operating Profit Margin (PBIDT/Sales)	(%)	(12.57)	(4500.00)
Return on Total Assets (PBT/Total Assets}	(%)	(11.40)	(9.80)
Return on Investment (ROI) (PBT/Networth)		(0.15)	(1.38)
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00
Current Ratio (Current Asset/Current Liability)		3.72	0.97

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Share Capital		0.100	438.542
Reserves & Surplus		(0.058)	287.677
Share Application money pending allotment		0.000	0.000
Net worth		0.042	726.219
Long Term borrowings		0.000	0.000
Short Term borrowings		0.000	0.000
Total borrowings		0.000	0.000
Debt/Equity ratio		0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	Rs. In Millions	Rs. In Millions
Total Income	0.001	646.853
		64,685,200.000

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	Rs. In Millions	Rs. In Millions
Total Income	0.001	646.853
Profit	(0.058)	(106.971)
	(5800.00%)	(16.54%)

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last two years	Yes
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	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

CORPORATE INFORMATION

The Company was incorporated on 14 December 2012. It is domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is engaged in the manufacturing, sale and maintenance of medical devices.

The Company, entered into a business transfer agreement (BTA) with BPL Limited on 12 May 2013. Pursuant to the BTA, the business of BPL Limited relating to medical devices has been transferred to the Company as a going concern effective 9 August 2013. The assets and liabilities of the medical devices division have been acquired for a purchase consideration of Rs.210.500 Millions in form of equity shares.

The net assets have been accounted at book value resulting in goodwill of Rs.82.658 Millions

(b) Pursuant to the business transfer agreement, BPL Limited, which is a public company has a right to appoint majority of the directors of the Company. Accordingly, the Company is deemed to be subsidiary of BPL Limited and consequently is a public company. The Company is of the view that all the requirements applicable to a public company have been complied with.

BUSINESS OVERVIEW

The Company’s business operations commenced on 9th August, 2013 on which day, healthcare business of BPL Limited was acquired by the Company. The Company received new investors funding enabling required funds for operations. The Operations started with a vision to become the No. 1 domestic player in the Indian Medical Equipment market. The Company enjoys a strong brand value, mature dealers, wide dealer network, factory and offices infrastructure and a loyal team.

The Company is laying stressing on product quality improvement, design and service delivery, optimisation of supply and sourcing chain, working capital management, CE marking for all its products, brand building and training people, building a strong team and participating at various conferences of surgeons, cardiologists, anesthetists, critical care etc.

The Company is planning to offer new Ultra sound products, enter imaging segments. There are plans to build a new factory to adhere to Quality, Safety, Scalability etc. and which should act as a Showcase site for potential Partners in future.

Despite a challenging economic environment and continuing depreciation of the rupee, The Company registered a total income of Rs. 646.900 Millions for the year 2013-14. The gross profit earned for the year is Rs. (81.300) Millions. After providing Rs.24.100 Millions and Rs.1.600 Millions towards depreciation and finance charges respectively, The Company has incurred a loss (before provisions & taxation) of Rs. (100.700) Millions for the year 2013-14. Being the first year of commercial operations, previous year comparative figures are not available.

NO CHARGES EXIST FOR COMPANY

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.61.92
UK Pound	1	Rs.96.37
Euro	1	Rs.76.10

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	RAS
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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.