MIRA INFORM REPORT

Report Date :

18.12.2014

IDENTIFICATION DETAILS

Name :	CAT COSMETICS AND HEALTHCARE PRIVATE LIMITED
Registered Office :	103, 1st Floor, Trade Centre, Opposite Stadium Circle, Navrangpura, Ahmedabad – 380009, Gujarat
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	20.05.2005
Com. Reg. No.:	04-046118
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U24246GJ2005PTC046118
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Importer, Exporter, Buyers, Sellers, Suppliers and Trader of hair, skin, nail and other beauty preparations, deodorants and pump spray products, baby products all kinds of primary and other compounds.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Dormant
Payment Behaviour :	--
Litigation :	--

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

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	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 DECLINED

UNABLE TO CONTACT THE COMPANY

LOCATIONS

Registered Office :	103, 1st Floor, Trade Centre, Opposite Stadium Circle, Navrangpura, Ahmedabad – 380009, Gujarat, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	catcosmetic@hathway.com

DIRECTORS

As on 30.09.2010

Name :

Mr. Hitesh Ravindrabhai Shah

Designation :

Director

Address :

303, Devdeep Duplex, Moti Nagar Society, Paldi, Ahmedabad – 380007, Gujarat, India

Date of Birth/Age :

12.06.1967

Date of Appointment :

20.05.2005

DIN No.:

01290450

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	U22219GJ1998PTC033805	YASH DIGIPRINT PRIVATE LIMITED	Director	10-03-98	10-03-98	-	Active	NO
2	L20211GJ1989PLC012415	AKAR LAMINATORS LIMITED	Director	28-12-01	28-12-01	-	Active	NO
3	L99999MH1988PLC046467	SHARP INDUSTRIES LIMITED	Director	14-08-03	14-08-03	07-03-11	Active	NO
4	U24246GJ2005PTC046118	CAT COSMETICS AND HEALTHCARE PRIVATE LIMITED	Director	20-05-05	20-05-05	-	Dormant	NO
5	U15100MH2005PTC153827	SWASTIK BIO-AGRO TECH PRIVATE LIMITED	Director	07-06-05	07-06-05	01-04-08	Active	NO
6	U21000MH2005PTC155504	RUSHABH CONVERTORS PRIVATE LIMITED	Director	19-08-05	19-08-05	03-09-07	Active	NO
7	U51100MH1999PTC120673	VISION AGENCIES PRIVATE LIMITED	Additional director	23-07-07	23-07-07	23-08-07	Active	NO
8	U99999MH1984PLC031843	SPL TECHNO CHEM LIMITED	Additional director	03-09-07	03-09-07	-	Dormant	NO
9	U45400MH2007PLC172223	VALUKKO INFRASTRUCTURE LIMITED	Director	29-12-08	07-01-08	01-03-14	Active	NO
10	U65910RJ1984PLC003139	RUSHABH FLEXIPACK LIMITED	Director	30-09-09	30-03-09	10-02-11	Active	YES

Name :

Mr. Govindbhai Gandalal Panchasara

Designation :

Additional director

Address :

403, Ganga Jamna Company, Opposite Satyam Nagar, Greed Road, PO. Kambilpore tadi, Navsari – 396424, Gujarat, India

Date of Birth/Age :

15.02.1953

Date of Appointment :

01.04.2008

DIN No.:

02205036

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	U24246GJ2005PTC046118	CAT COSMETICS AND HEALTHCARE PRIVATE LIMITED	Director	30-09-08	01-04-08	-	Dormant	NO
2	U65910RJ1984PLC003139	RUSHABH FLEXIPACK LIMITED	Director	30-09-09	20-09-08	-	Active	YES
3	U21000MH2005PTC155504	RUSHABH CONVERTORS PRIVATE LIMITED	Director	30-09-09	07-05-09	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares	%age holding
Manoj Shah	5000	50.00
Hitesh Ravindrabhai Shah	5000	50.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2010

Category	Percentage
Directors or relatives of Directors	50.00
Other top fifty shareholders	50.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Importer, Exporter, Buyers, Sellers, Suppliers and Trader of hair, skin, nail and other beauty preparations, deodorants and pump spray products, baby products all kinds of primary and other compounds.
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour	Market Goodwill	Overall
--	--	--
--	--	--

Remark:

Not Divulged

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality	Delivery Behaviour	Overall
--	--	--
--	--	--

Remark:

Not Divulged

No. of Employees :

Not Available

Bankers :

Bank Name	Not Divulged
Branch	Not Divulged
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

--

Banking Relations :	--
Auditors :
Name :	Rahul Shukla and Associates Chartered Accountants
Address :	201, Pawan Wing, Indraprasth Building, Satyanagar, Borivali (West), Mumbai – 400092, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	ACVPS6906Q
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	NIL

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

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

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1.487	1.139	0.556
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1.587	1.239	0.656
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		60.560	48.660	18.660
TOTAL BORROWING		60.560	48.660	18.660
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		62.147	49.899	19.316
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000	0.000	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	43.580	53.745	16.704
	Cash & Bank Balances	0.155	0.344	0.315
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	27.677	2.700	4.818
Total Current Assets		71.412	56.789	21.837
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	8.572	6.426	2.331
	Other Current Liabilities	0.524	0.199	0.105
	Provisions	0.169	0.265	0.085
Total Current Liabilities		9.265	6.890	2.521
Net Current Assets		62.147	49.899	19.316
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		62.147	49.899	19.316

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2010	31.03.2009	31.03.2008
	SALES
	Income	310.061	151.862	92.960
	Other Income	0.000	0.000	0.000
	TOTAL (A)	310.061	151.862	92.960
Less	EXPENSES
	Material Cost	308.976	150.580	92.364
	Administrative and other Expenses	0.539	0.425	0.321
	TOTAL (B)	309.515	151.005	92.685
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	0.546	0.857	0.275
Less	FINANCIAL EXPENSES (D)	0.000	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	0.546	0.857	0.275
Less/ Add	DEPRECIATION/ AMORTISATION (F)	0.000	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	0.546	0.857	0.275
Less	TAX (I)	0.198	0.274	0.095
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	0.348	0.583	0.180
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD (K)	1.139	0.556	0.376
	Balance Carried to the B/S	1.487	1.139	0.556
	Earnings / (Loss) Per Share (Rs.)	34.80	NA	NA

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
Net Profit Margin (PAT / Sales)	(%)	0.11	0.38	0.19
Operating Profit Margin (PBIDT/Sales)	(%)	0.18	0.56	0.30
Return on Total Assets (PBT/Total Assets}	(%)	0.76	1.51	1.26
Return on Investment (ROI) (PBT/Networth)		0.34	0.69	0.42
Debt Equity Ratio (Total Debt /Networth)		38.16	39.27	28.45
Current Ratio (Current Asset/Current Liability)		7.71	8.24	8.66

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2008	31.03.2009	31.03.2010
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.100	0.100	0.100
Reserves & Surplus	0.556	1.139	1.487
Net worth	0.656	1.239	1.587
Secured Loans	0.000	0.000	0.000
Unsecured Loans	18.660	48.660	60.560
Total borrowings	18.660	48.660	60.560
Debt/Equity ratio	28.445	39.274	38.160

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2008	31.03.2009	31.03.2010
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	92.960	151.862	310.061
		63.363	104.173

NET PROFIT MARGIN

Net Profit Margin	31.03.2008	31.03.2009	31.03.2010
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	92.960	151.862	310.061
Profit	0.180	0.583	0.348
	0.19%	0.38%	0.11%

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	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	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

UNSECURED LOAN

PARTICULARS	31.03.2010 (Rs. in Millions)	31.03.2009 (Rs. in Millions)
From Bodies corporates	60.560	48.660
Total	60.560	48.660

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.63.58
UK Pound	1	Rs.99.98
Euro	1	Rs.79.39

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	RAS
Report Prepared by :	KVT

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.