MIRA INFORM REPORT

Report No. :	312448
Report Date :	30.04.2015

IDENTIFICATION DETAILS

Name :	INTERNATIONAL ONCOLOGY SERVICES PRIVATE LIMITED (w.e.f. 18.01.2008)
Formerly Known As :	ASMG HEALTHCARE PRIVATE LIMITED
Registered Office :	206, Chaudhary Complex, 9, Veer Sawarkar Block, Shakarpur, Delhi-110092
Tel. No. :	91-9910930837 [Mr. Girish Uniyal]
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	04.10.2005
Com. Reg. No.:	55-141431
Capital Investment / Paid-up Capital :	Rs. 104.034 Million
CIN No.: [Company Identification No.]	U85110DL2005PTC141431
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELA17874D
PAN No.: [Permanent Account No.]	AAFCA5652E
Legal Form :	Private Limited Liability Company
Line of Business :	Health Care Hospital.
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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 company having satisfactory track. It is a global cancer care and research company focused on providing world class cancer treatment and care. It has entered into strategic collaboration with fortis hospital (Noida), Dr. L H Hiranandani Hospital (Mumbai) and Sanchetee Hospital and cancer Institute (Jodhpur) to establish state-of-the-art International Oncology Cancer Centres The company has incurred loss from its operations for consecutive years. However, management team of the company is well experienced and qualified professionals having good knowledge of the healthcare industry. Trade relations are reported to be fair. Business is active. Payment terms are reported to be usually correct. In the view of aforesaid, subject can be considered 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. Girish
Designation :	Accountant
Contact No.:	91-9910930837
Date :	24.04.2015

LOCATIONS

Registered Office :	206, Chaudhary Complex, 9, Veer Sawarkar Block, Shakarpur, Delhi-110092, India
Tel. No.:	Not Available
Mobile No.:	91-9910930837 [Mr. Girish Uniyal]
Fax No.:	Not Available
E-Mail :	girish.uniyal@internationaloncology.com info@internationaloncology.com siddharth.singh@internationaloncology.com
Website :	http://www.internationaloncology.com
Location :	Owned
Corporate Office :	2215, The Corenthum (Tower A), A-41, Sector 62, Noida-201301, Uttar Pradesh, India
Tel. No.:	91-120-4220760/1
Fax No.:	91-120-4220762
Pharmacy :	1^st Floor, Room No. F-102, Oncology Department, Fortis Hospital, B-1, Vasant Kunj, Delhi-110070, India

DIRECTORS

AS ON 29.09.2014

Name :

Mr. Pradeep Kumar Jaisingh

Designation :

Managing Director

Address :

803, Tower 3, Parsavnath Prestige, Sector 93A, Noida-201301, Uttar Pradesh, India

Date of Birth/Age :

05.08.1964

Date of Appointment :

01.03.2015

Din No.:

01676317

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	U85110DL2005PTC141431	INTERNATIONAL ONCOLOGY SERVICES PRIVATE LIMITED	Director	01/03/2015	24/09/2007	-	Active	NO
2	U74900DL2011PTC220574	International Oncoplans Services Private Limited	Director	08/06/2011	08/06/2011	-	Active	NO
3	U85100DL2013PTC261321	HEALTHSTART INDIA PRIVATE LIMITED	Director	28/11/2013	28/11/2013	-	Active	NO
4	U93090DL2013PTC249644	ELEMENTIA WELLNESS PRIVATE LIMITED	Director	20/08/2014	20/08/2014	-	Active	NO
5	U85100DL2014PTC274801	Disruptive Health Solutions Private Limited	Director	30/12/2014	30/12/2014	-	Active	NO

Name :

Mr. Girish Gupta

Designation :

Nominee Director

Address :

B-119, Hari Marg, Malviya Nagar, Jaipur-302017, Rajasthan, India

Date of Birth/Age :

18.02.1957

Date of Appointment :

04.07.2012

Din No.:

00894066

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	U51505RJ1985SGC003193	RAJASTHAN ELECTRONICS LTD.	Director	12/06/1990	12/06/1990	12/07/2010	Strike off	NO
2	U65999RJ2002PTC017380	RAJASTHAN ASSET MANAGEMENT COMPANY PRIVATE LIMITED	Director	21/12/2006	11/10/2004	-	Active	NO
3	U65999RJ2002PTC017379	RAJASTHAN TRUSTEE COMPANY PRIVATE LIMITED	Nominee director	11/10/2004	11/10/2004	-	Active	NO
4	U92111DL2003PTC123453	ESCOTOONZ ENTERTAINMENT PRIVATE LIMITED	Nominee director	11/02/2005	11/02/2005	12/10/2007	Active	NO
5	U31909RJ1995PTC010472	NATURAL TECHNOLOGIES PRIVATE LIMITED	Nominee director	09/03/2005	09/03/2005	20/03/2008	Amalgamated	NO
6	U72200RJ2001PTC017138	CYFUTURE INDIA PRIVATE LIMITED	Director	21/10/2005	21/10/2005	25/04/2014	Active	NO
7	U93010DL2002PTC117667	LIQVID ELEARNING SERVICES PRIVATE LIMITED	Nominee director	20/04/2006	20/04/2006	22/10/2010	Active	NO
8	U01119DL1996PLC080659	HOME STORES (INDIA) LIMITED	Nominee director	30/06/2006	30/06/2006	14/06/2007	Active	NO
9	U72900GJ2006PTC047970	AAA IT SOLUTIONS PRIVATE LIMITED	Nominee director	01/06/2009	01/06/2009	-	Active	NO
10	U45201RJ2003PTC018013	Geetastar Hotels And Resorts Private Limited	Nominee director	25/08/2009	25/08/2009	25/08/2014	Active	NO
11	U63040DL2007PTC164791	E FACTOR ADVENTURE TOURISM PRIVATE LIMITED	Nominee director	10/09/2009	10/09/2009	-	Active	NO
12	U52392MH2000PTC126159	NEXTENDERS (INDIA) PRIVATE LIMITED	Nominee director	29/09/2011	18/05/2011	-	Active	NO
13	U80302RJ2008PTC026456	SHREE EDUSERVE PRIVATE LIMITED	Nominee director	27/05/2011	27/05/2011	21/12/2012	Active	NO
14	U63000HR2010PLC040312	LEEWAY LOGISTICS LIMITED	Nominee director	23/06/2011	23/06/2011	-	Active	NO
15	U85110TN2003PTC051101	FRONTIER LIFELINE PRIVATE LIMITED	Nominee director	17/04/2012	17/04/2012	-	Active	NO
16	U85110DL2005PTC141431	INTERNATIONAL ONCOLOGY SERVICES PRIVATE LIMITED	Nominee director	04/07/2012	04/07/2012	-	Active	NO
17	U72200KA2008PTC045218	AUJAS NETWORKS PRIVATE LIMITED	Director	25/09/2014	22/11/2013	-	Active	NO
18	U30107PN1996PTC016718	SOFTTECH ENGINEERS PRIVATE LIMITED	Nominee director	31/03/2014	31/03/2014	-	Active	NO

Name :

Mr. Hari K Vallurupalli

Designation :

Nominee Director

Address :

4395, Shamrock Drive Frisco, TX-75034, US

Date of Birth/Age :

09.08.1966

Date of Appointment :

04.07.2012

Din No.:

01421390

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	U72200TG1995PTC022599	B-IQ TECHNOLOGIES Private LIMITED	Director	28/12/2000	28/12/2000	-	Active	NO
2	U45200TG2007PTC052250	TRIVIKRAM CONSTRUCTIONS AND DEVELOPERS PRIVATE LIMITED	Director	23/04/2007	23/04/2007	-	Active	NO
3	U74999TG2007NPL085655	CEO CLUBS INDIA	Director	31/07/2012	05/10/2007	-	Active	NO
4	U15429KA1999PLC026121	NSL SUGARS LIMITED	Whole-time director	03/12/2010	03/12/2010	29/09/2012	Active	NO
5	U70102TG2011PTC072414	Haripriya Convention Center Private Limited	Director	28/01/2011	28/01/2011	-	Active	NO
6	U40102KA1983PLC058128	NSL SUGARS (TUNGABHADRA) LIMITED	Managing director	13/06/2011	13/06/2011	29/09/2012	Active	NO
7	U15421MH2000PLC130397	JAY MAHESH SUGAR INDUSTRIES LIMITED	Director	30/09/2011	25/06/2011	-	Amalgamated	NO
8	U74900TG2012PTC081143	VINCIEN ADVISORS PRIVATE LIMITED	Director	28/05/2012	28/05/2012	-	Active	NO
9	U85110DL2005PTC141431	INTERNATIONAL ONCOLOGY SERVICES PRIVATE LIMITED	Nominee director	04/07/2012	04/07/2012	-	Active	NO

Name :

Mr. Madhur Kumar Garg

Designation :

Director

Address :

1134, Dobbs Ferry Road, White Plains, NY, White

Date of Birth/Age :

27.07.1968

Date of Appointment :

04.10.2005

Din No.:

01550937

Name :

Mrs. Ashvini Sengar

Designation :

Whole Time Director

Address :

212, Roseland Dr. Rainbow City Alabana 35906-8709

Date of Birth/Age :

24.05.1968

Date of Appointment :

05.11.2014

Din No.:

01698935

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	U85110DL2005PTC141431	INTERNATIONAL ONCOLOGY SERVICES PRIVATE LIMITED	Director	05/11/2014	04/10/2005	-	Active	NO
2	U85110DL2008PTC177963	INNOVATIVE PROSTHETICS AND ORTHOTICS PRIVATE LIMITED	Director	12/05/2008	12/05/2008	-	Active	NO
3	U22212MH2008PTC186873	RANGOLI MEDIA PRIVATE LIMITED	Director	18/09/2008	18/09/2008	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Siddharth Singh
Designation :	Secretary
Address :	A-40, Radhey Shyam Park, (Ext), Delhi-110051, India
Date of Appointment :	11.05.2012
Pan No.:	CGDPS3445N
Name :	Mr. Girish
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2014

Names of Shareholders	No. of Shares
Malti Sanger	5000
Swati Aggarwal	13333
Ashvini Sengar	2080414
Madhur Kumar Garg	2027351
Pradeep Kumar Jaisingh	2840255
Manish Dhawan	240291
Trivikram Constructions and Developers Private Limited, India	1000000
Pankaj Rajvanshi	44000
Anurag Walia	46650
Anup Sethi	30811
Ajay Rastogi	270416
Rahul Jain	54083
Rajasthan Trustee Company Private Limited, India A/c SME Tech Fund, RVCF Trust II, India	1642598
Sunil Baijal	108167
Total	10403369

AS ON 29.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Venture funda	15.79
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	6.30
Bodies corporate	9.61
Directors or relatives of Directors	66.96
Other top fifty shareholders	1.34
Total	100.00

BUSINESS DETAILS

Line of Business :	Health Care Hospital.
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Not Divulged
Purchasing :	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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

100 (Approximately)

Bankers :

Banker Name	Axis Bank
Branch Address	148, Barakhamba Road, Statesman House, 2nd Floor, New Delhi - 110001, India
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

• Indus-Ind Bank Limited, Dr. Gopal Das Bhawan, 28 Barakhamba Road, New Delhi - 110001, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
LONG TERM BORROWINGS
Rupee term loans from banks	100.814	131.236
SHORT TERM BORROWINGS
Rupee term loans from banks	52.390	44.662
Working capital loans from banks	73.863	48.590
Loans taken for fixed assets	0.145	0.130
Total	227.212	224.618

Auditors :
Name :	P.R. Mehra and Company Chartered Accountants
Address :	56, Daryaganj, Delhi-110002, India
PAN No.:	AAEFP1838M
Memberships :	Not Available
Collaborators :	Not Available
Enterprises owned or significantly influenced by Key Management personnel or their relatives :	OutCancer Foundation. International Oncoplans Services Private Limited. HealthStart India Private Limited. Innovative Prosthetics And Orthotics Private Limited Rangoli Media Private Limited

CAPITAL STRUCTURE

AS ON 29.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
15000000	Equity Shares	Rs.10/- each	Rs.150.000 Million
22500000	Preferences Shares	Rs.10/- each	Rs.225.000 Million
	Total		Rs. 375.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10403369	Equity Shares	Rs.10/- each	Rs. 104.034 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	104.034	104.034	83.281
(b) Reserves & Surplus	134.301	158.409	14.107
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	56.000
Total Shareholders’ Funds (1) + (2)	238.335	262.443	153.388
(3) Non-Current Liabilities
(a) long-term borrowings	100.814	131.236	172.893
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	25.769	44.357
(d) long-term provisions	3.789	3.773	2.494
Total Non-current Liabilities (3)	104.603	160.778	219.744
(4) Current Liabilities
(a) Short term borrowings	126.398	93.382	99.880
(b) Trade payables	60.384	49.111	49.606
(c) Other current liabilities	95.790	71.018	64.668
(d) Short-term provisions	0.130	0.000	0.046
Total Current Liabilities (4)	282.702	213.511	214.200
TOTAL	625.640	636.732	587.332
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	437.191	463.444	434.464
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.114	0.077	0.021
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	38.947	31.770	14.448
(d) Long-term Loan and Advances	0.207	0.187	0.175
(e) Other Non-current assets	0.000	0.000	2.500
Total Non-Current Assets	476.459	495.478	451.608
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	5.005	3.379	3.047
(c) Trade receivables	116.279	121.236	106.840
(d) Cash and cash equivalents	2.820	2.773	2.584
(e) Short-term loans and advances	0.326	0.402	2.839
(f) Other current assets	24.751	13.464	20.414
Total Current Assets	149.181	141.254	135.724
TOTAL	625.640	636.732	587.332

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	291.585	248.603	234.285
	Other Income	5.756	5.372	16.164
	TOTAL (A)	297.341	253.975	250.449
Less	EXPENSES
	Stores and consumables	105.414	93.926	93.339
	Administrative Expenses	82.604	72.866	79.801
	Administrative Expenses	67.300	64.504	45.310
	TOTAL (B)	255.318	231.296	218.450
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	42.000	22.679	31.999
Less	FINANCIAL EXPENSES (D)	37.100	31.265	32.844
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	4.900	-8.586	(0.845)
Less/ Add	DEPRECIATION/ AMORTISATION (F)	36.200	33.650	31.738
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(31.300)	(42.236)	(32.583)
Less	TAX (I)	(7.200)	(17.322)	(14.448)
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	(24.100)	(24.914)	(18.135)
	IMPORTS
	Capital Goods	0.071	31.736	NA
	TOTAL IMPORTS	0.071	31.736	NA
	Earnings / (Loss) Per Share (Rs.)	(2.32)	(2.39)	(1.74)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(8.27)	(10.02)	(7.74)
Operating Profit Margin (PBDIT/Sales)	(%)	14.40	9.12	13.66
Return on Total Assets (PBT/Total Assets}	(%)	(5.34)	(6.98)	(5.69)
Return on Investment (ROI) (PBT/Networth)		(0.13)	(0.16)	(0.21)
Debt Equity Ratio (Total Debt/Networth)		0.95	0.86	1.78
Current Ratio (Current Asset/Current Liability)		0.53	0.66	0.63

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	83.281	104.034	104.034
Reserves & Surplus	14.107	158.409	134.301
Share Application money pending allotment	56.000	0.000	0.000
Net worth	153.388	262.443	238.335
long-term borrowings	172.893	131.236	100.814
Short term borrowings	99.880	93.382	126.398
Total borrowings	272.773	224.618	227.212
Debt/Equity ratio	1.778	0.856	0.953

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	234.285	248.603	291.585
		6.111	17.289

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	234.285	248.603	291.585
Profit	(18.135)	(24.914)	(24.100)
	(7.74%)	(10.02%)	(8.27%)

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 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	Yes
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

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10556298	03/02/2015	8,106,956.00	INDIA INFOLINE FINANCE LIMITED	12A-10, 13TH FLOOR, PARINEE CRESCENZO, G BLOCK,  C-38&39, BANDRA KURLA COMPLEX, BANDRA- EAST, MUMBAI, MAHARASHTRA - 400051, INDIA	C47362058
2	10552745	30/01/2015	15,700,000.00	INDIA INFOLINE FINANCE LIMITED	12A-10, 13TH FLOOR, PARINEE CRESCENZO, G BLOCK,  C-38&39, BANDRA KURLA COMPLEX, BANDRA- EAST, MUMBAI, MAHARASHTRA - 400051, INDIA	C45403730
3	10552785	30/01/2015	83,300,000.00	INDIA INFOLINE FINANCE LIMITED	12A-10, 13TH FLOOR, PARINEE CRESCENZO, G BLOCK,  C-38&39, BANDRA KURLA COMPLEX, BANDRA- EAST, MUMBAI, MAHARASHTRA - 400051, INDIA	C45403896
4	10550817	27/01/2015	100,000,000.00	INDUSIND BANK LTD.	28, BARAKHAMBA ROAD, GOPAL DAS BHAWAN, NEW DELHI,  DELHI - 110001, INDIA	C44361921
5	10274796	26/12/2013 *	126,800,000.00	INDUSIND BANK LTD.	DR. GOPAL DAS BHAWAN, 28 BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	B94086683
6	10131652	21/01/2013 *	282,500,000.00	AXIS BANK LIMITED	148, BARAKHAMBA ROAD, STATESMAN HOUSE, 2ND FLOOR,  NEW DELHI, DELHI - 110001, INDIA	B68255173

* Date of charge modification

FIXED ASSETS

• Land
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment [
• Computer equipments
• Other equipments

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. 63.20
UK Pound	1	Rs. 97.00
Euro	1	Rs. 69.33

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	SUM
Report Prepared by :	TRU

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	4
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	5
--RESERVES	1~10	4
--CREDIT LINES	1~10	5
--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		43

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.