MIRA INFORM REPORT

Report No. :	312281
Report Date :	27.04.2015

IDENTIFICATION DETAILS

Name :	O.B. ENTERPRISE
Registered Office :	32, World Business House, Opposite Petrol Pump, Near Parimal Garden, Char Rasta, Ellis Bridge, Ahmedabad – 380006, Gujarat
Tel. No.:	91-79-40305067
Country :	India
Financials (as on) :	31.03.2015 (Provisional)
Year of Establishment :	February, 2013
Capital Investment :	Rs. 1.778 Million
TIN No.:	24073805418
TAN No.: [Tax Deduction & Collection Account No.]	AHMO01272F
PAN No.: [Permanent Account No.]	AADF03798E
Legal Form :	Partnership Concern with an Unlimited Liability of the Partners
Line of Business :	Wholesaler for Chemotherapy and Life Saving Medicine.
No. of Employees :	8 (Approximately) [In Office]

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established partnership concern having satisfactory track record. Mr. Vinod Devjibhai Songara partner provided all information. The concern has achieved a sizeable turnover from its first year of operation and also from the available provisional financial of (2014-15) the overall position of the concern seems to be satisfactory. Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct and as per commitment. The concern can considered normal for business dealings at usual trade terms and conditions.

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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
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. Vinod Devjibhai Songara
Designation :	Partner
Contact No.:	91-9824859165
Date :	25.04.2015

LOCATIONS

Registered Office :	32, World Business House, Opposite Petrol Pump, Near Parimal Garden, Char Rasta, Ellis Bridge, Ahmedabad – 380006, Gujarat, India
Tel. No.:	91-79-40305067/ 30422472
Mobile No.:	91-9375918887 91-9824859165 (Mr. Vinod Devjibhai Songara)
Fax No.:	Not Available
E-Mail :	obenterprise2012@gmail.com
Area :	250 Sq. Ft.
Location :	Owned

PARTNERS

Name :	Mr. Vinod Devjibhai Songara
Designation :	Partner
Address :	D-21, Shree Hari Park Apartment, Near Gopivallabh Tower, Times of India Road, Satellite, Ahmedabad – 380015, Gujarat, India
Date of Birth/Age :	13.11.1981
Qualification :	B. Com.
Experience :	10 Years
PAN No.:	BSEPS6613Q
Name :	Mr. Dharmendrasinh Jashubha Rathod
Designation :	Partner
Address :	Natha Vora Ni Sheri, Dholi Pole Road, Wadhwan, District Surendranagar - 363030, Gujarat, India
Date of Birth/Age :	12.09.1986
Qualification :	HSC
Experience :	5 Years
PAN No.:	BESPR3629K

BUSINESS DETAILS

Line of Business :	Wholesaler for Chemotherapy and Life Saving Medicine.
Products/ Services :	Chemotherapy and Life Saving Medicine
Brand Names :	--
Agencies Held :	--
Exports :	--
Imports :	--
Terms :	--

GENERAL INFORMATION

Suppliers :

Reference:	Matco Pharma Limited
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Since How Long Known:	Not Divulged
Maximum Limit Dealt:	Not Divulged
Experience :	Not Divulged
Remarks :	Not Divulged

· Roche Products India Private Limited

· Novartis (India) Limited

· Johnson and Johnson Limited

· Eli-Lilly

· Sanofi-Aventis (Onco)

· Intas Pharma (Onco and Nephro)

· Emcure Pharmaceuticals Limited

· Natco Pharma Limited

· Biocon Limited

· Glemark Pharmaceuticals Limited

· Fulford India Limited

Customers :

Reference:	HCG Hospital
Address:	Sola Road, S. G. Highway, Ahmedabad, Gujarat, India
Name of the Person (with Designation):	Mr. Piyush Patel (Pharma Manager)
Contact Number:	91-9909111315
Since How Long Known:	3 Years
Maximum Limit Dealt:	--
Experience :	Product Quality: Excellent Delivery Behaviour: Excellent Overall: Excellent
Remarks :	They are satisfied with product quality and delivery behaviour.

Wholesalers, Retailers and End Users

Name of Customer	Contact Person	Contact No.
Appollo Hospitals, Ahmedabad	Mr. Nipul Kapadia	91-7698815044
Shalby Hospitals, Ahmedabad	Mr. Piyush Patel	91-9909111315
Zydus Hospital, Ahmedabad	Mr. Purvesh	91-8866132756
Sterling Hospitals, Ahmedabad	Mr. Himanshu Patel	91-9723430973
The Gujarat Cancer Society, Civil Hospital, Ahmedabad	--	91-7698002726

No. of Employees :

8 (Approximately) [In Office]

Bankers :

Bank Name:	Axis Bank Limited
Branch:	Nehrunagar Branch, Opposite Hanumanji Mandir, Ambawadi, Ahmedabad, Gujarat, India
Name of the Person (with Designation):	Mr. Darshan Lakhwani (Senior Manager)
Contact Number:	91-9879196577
Name of Account Holder:	OB ENTERPRISE
Account Number:	913020010880570
Account Since (Date/ Year of A/c Opening):	February, 2013
Average Balance Maintained (Optional):	--
Credit Facilities Enjoyed (CC/OD/Term Loan):	NA
Account Operation:	Current
Remarks: Excellent track record in maintain Account and No Cheque Bounce.

Auditors :
Name :	Mahendra N. Shah and Company Chartered Accountants
Address :	E Block, 3^rd Floor, Capital Commercial Centre, Near Sanyas Ashram, Ashram Road, Ahmedabad – 380009, Gujarat, India
Tel. No.:	91-79-26575085/ 26584359/ 26569780
Mobile No.:	91-9727766226
Fax No.:	Not Available
E-Mail :	mnshahco@gmail.com rbshethji@gmail.com
PAN No:	AADFM4086H
Memberships :	--
Collaborators :	--
Sister Concerns:	Onco Best Address: 419, Galaxy Mall, Near Zansi Ki Rani BRTS, Satellite, Ahmedabad, Gujarat, India

CAPITAL STRUCTURE

As on 31.03.2015 (Provisional)

Capital Investment :
Owned :	Rs. 1.778 Million
Borrowed :	--
Total :	Rs. 1.778 Million

FINANCIAL DATA

[all figures are in Rupees Million]

Note: Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2015 (Provisional)	31.03.2014	31.03.2013
SHAREHOLDERS FUNDS
1] Partners Capital		1.778	1.085	0.224
2] Share Application Money		0.000	0.000	0.000
3] Profit and Loss Account		1.595	0.000	0.000
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		3.373	1.085	0.224
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		3.103	2.453	0.000
TOTAL BORROWING		3.103	2.453	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		6.476	3.538	0.224
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.018	0.037	0.044
Capital Work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.020	1.838	0.000
	Sundry Debtors	8.178	3.642	0.000
	Cash & Bank Balances	2.806	1.083	0.130
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.220	0.115	0.020
Total Current Assets		12.224	6.678	0.150
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	5.922	0.000	0.000
	Other Current Liabilities	(0.220)	0.000	(0.030)
	Provisions	0.064	3.177	0.000
Total Current Liabilities		5.766	3.177	(0.030)
Net Current Assets		6.458	3.501	0.180
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		6.476	3.538	0.224

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015 (Provisional)
	SALES
		Income	57.511
		Other Income	0.402
		TOTAL	57.913
Less	EXPENSES
		Cost of Goods Sold	55.463
		Account Fees Expense	0.030
		Association Fee Expense	0.002
		Audit Fee Expense	0.014
		Bank Charges Expense	0.001
		Conveyance Expense	0.048
		Discount A/c	0.000
		Donation Expense	0.005
		Electricity Expense	0.009
		Freight and Packing Expense	0.000
		Kasar Vatav Expense	0.000
		Legal Fee Expense	0.015
		Maintenance Expense	0.012
		Municipality Tax	0.012
		Office Expense	0.044
		Office Salary Expense	0.149
		Petrol Expense	0.108
		Staff Salary Expense	0.324
		Staff Welfare Expense	0.003
		Tea and Refreshment Expense	0.022
		Telephone Expense	0.027
		Vehicle Repairing Expense	0.011
		TOTAL	56.299
	PROFIT / (LOSS) BEFORE DEPRECIATION AND AMORTISATION		1.614
Less/ Add	DEPRECIATION/ AMORTISATION		0.019
	NET PROFIT/ (LOSS)		1.595

	PARTICULARS		31.03.2014	31.03.2013
	SALES
		Income	30.378	0.191
		Other Income	0.000	0.000
		TOTAL (A)	30.378	0.191
Less	EXPENSES
		Cost of Goods Sold	28.967	0.186
		Staff Salary Expense	0.884	--
		Staff Welfare Expense	0.030	--
		Office and Administration Expense	0.332	--
		Partners Remuneration	--	0.005
		TOTAL (B)	30.213	0.191
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.165	0.000
Less	FINANCIAL EXPENSES (D)		0.092	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.073	0.000
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.046	0.000
	NET PROFIT/ (LOSS) (E-F)		0.027	0.000

KEY RATIOS

PARTICULARS		31.03.2015 (Provisional)	31.03.2014	31.03.2013
Net Profit Margin (PAT/Sales)	(%)	2.77	0.09	0.00
Operating Profit Margin (PBDIT/Sales)	(%)	NA	0.54	NA
Return on Total Assets (PBT/Total Assets}	(%)	13.03	0.40	0.00
Return on Investment (ROI) (PBT/Networth)		0.47	0.02	0.00
Debt Equity Ratio (Total Debt/Networth)		0.92	2.26	0.00
Current Ratio (Current Asset/Current Liability)		2.12	2.10	(5.00)

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015 (Provisional)
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Partners Capital	0.224	1.085	1.778
Profit and Loss Account	0.000	0.000	1.595
Net worth	0.224	1.085	3.373
Secured Loans	0.000	0.000	0.000
Unsecured Loans	0.000	2.453	3.103
Total borrowings	0.000	2.453	3.103
Debt/Equity ratio	0.000	2.261	0.920

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015 (Provisional)
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	0.191	30.378	57.511
		15,804.712	89.318

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015 (Provisional)
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	0.191	30.378	57.511
Profit	0.000	0.027	1.595
	0.00%	0.09%	2.77%

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	Yes
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 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	Yes
18]	Major customers	Yes
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	No
25]	Conduct of the banking account	Yes
26]	Buyer visit details	--
27]	Financials, if provided	Yes
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	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

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UNSECURED LOAN

(RS. IN MILLIONS)

PARTICULAR	31.03.2015 (Rs. In Million)	31.03.2014 (Rs. In Million)
Unsecured Loan – INT Free	2.749
Unsecured Loan	0.354
Total	3.103	2.453

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O.B. ENTERPRISE

COMPUTATION OF TOTAL INCOME

(RS. IN MILLIONS)

PARTICULARS	31.03.2013
Income from Business of Professions
O.B. Enterprise
Net Profit/ Loss as per Profit and Loss A/c		0.000
Add:
Remuneration to partners as per book	0.005 --------	0.005
Less: Remuneration allowed to partner as per rules		0.150
Net Income		(0.145)
Total Business Income		(0.145)
Business or Profession		(0.145)
Gross Total Income		0.000
COMPUTATION OF TAX LIABILITY
Tax on Taxable Income (Nil) at normal rate		0.000
Tax to Pay/ Refund		0.000

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NETWORTH STATEMENT

O.B. ENTERPRISE

(RS. IN MILLION)

(AS ON 31.03.2015)

This to state that the networth of O.B. ENTERPRISE has been worked at Rs. 3.373 Million.

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NETWORTH STATEMENT

MR. VINOD DEVJIBHAI SONGARA

(RS. IN MILLION)

(AS ON 31.03.2015)

This to state that the networth of Mr. Vinod Devjibhai Songara residing at D-21, Shree Hari Park Apartment, Time of India Road, Satellite, Ahmedabad – 380015, Gujarat, India as on 31.03.2015 works out at Rs. 4.481 Million.

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NETWORTH STATEMENT

MR. DHARMENDRA JASHUBHA RATHOD

(RS. IN MILLION)

(AS ON 31.03.2015)

This to state that the networth of Mr. Dharmendra Jashubha Rathod residing at Natha Vora Ni Sheri, Dholi Pole Road, Wadhwan, District Surendranagar - 363030, Gujarat, India as on 31.03.2015 works out at Rs. 0.179 Million.

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PROFILE

Subject established in 2012 managed professionally and mainly focused on cancer products and lifesaving medicines. Subject is one stop solution for any cancer product. They have set their 3 standard for their practice quality, right cost of right product and quick service.

They have more than 16 years experience in area of cancer and necessary products of its treatment.

Service to the mankind is their aim

Subject provides:

· Round the clock service

· On request they provide patients data base to companies on strict compliance norms

· Quick delivery of medicines/ products backed by best infrastructure.

· Deep freezers to maintain temperature controlled medicines quality and standards

· One stop shop for all lifesaving medicines under one roof

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TRADE REFERENCE

· Deepak Medical Store

Address: Stadium Circle, Navrangpura, Ahmedabad, Gujarat, India

Tel. No.: 91-79-26401056

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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 records 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. 63.61
UK Pound	1	Rs. 96.56
Euro	1	Rs. 69.18

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	DIV
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--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		44

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.