MIRA INFORM REPORT

Report No. :	305375
Report Date :	16.02.2015

IDENTIFICATION DETAILS

Name :	NATURAL BATH AND BODY PRODUCTS PRIVATE LIMITED
Registered Office :	G-14, G Block, Masjid Moth, NDSE, Part - II, New Delhi – 110 024
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	03.12.2008
Com. Reg. No.:	05-185450
Capital Investment / Paid-up Capital :	Rs.0.552 million
CIN No.: [Company Identification No.]	U51391DL2008PTC185450
IEC No.:	Not Available
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 :	Manufacturer of body care and facial care products.
No. of Employees :	30 (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

Maximum Credit Limit :	USD 8000
Status :	Small Company
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small company in its field. Its scale of activities are limited. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for small business dealings with some caution.

NOTES :

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

ECGC Country Risk Classification List – 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. Arjun Khanna
Designation :	Director
Contact No.:	91-9999347167
Date :	03.02.2015

LOCATIONS

Registered Office	G-14, G Block, Masjid Moth, NDSE, Part - II, New Delhi – 110 024
Tel. No.:	Not Available
Mobile No.:	91-9999347167 (Mr. Arjun Khanna)
Fax No.:	Not Available
E-Mail :	skc123ca@gmail.com naturalbathandbody@gmail.com
Factory :	Plot No.6, Gurukul Industrial Area, Sarai Khawaja, Sector-38, Faridabad – 121 001, Haryana, India
Tel. No.:	91-129-4136283/ 84/ 85

DIRECTORS

AS ON 10.09.2014

Name :

Mr. Ramesh Khanna

Designation :

Director

Address :

G-14, G Block, Masjid Moth, NDSE Part-II, New Delhi – 110 024, India

Date of Birth/Age :

02.01.1943

Date of Appointment :

03.12.2008

DIN No.:

01631419

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	U01111DL2004PLC124532	ARCTIC BIO-PRO LIMITED	Director	09/02/2004	09/02/2004	23/11/2012	Dormant under section 455	NO
2	U51101DL2000PTC105319	PRANIC ENTERPRISES PRIVATE LIMITED	Director	12/12/2005	12/12/2005	05/12/2011	Active	NO
3	U74220DL2006PTC154427	R.M. GREEN SOLUTIONS PRIVATE LIMITED	Director	28/09/2006	28/09/2006	08/03/2013	Active	NO
4	U51391DL2008PTC185450	NATURAL BATH AND BODY PRODUCTS PRIVATE LIMITED	Director	03/12/2008	03/12/2008	-	Active	NO
5	U51900DL2012PTC234318	MOTHER EARTH COSMOCEUTICALS PRIVATE LIMITED	Director	13/04/2012	13/04/2012	-	Active	NO

Name :

Mr. Arjun Khanna

Designation :

Director

Address :

G-14, NDSE, Part-II, New Delhi – 110 049, India

Date of Birth/Age :

29.03.1967

Date of Appointment :

06.08.2012

DIN No.:

05310529

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 10.09.2014

Names of Shareholders	No. of Shares	Percentage of holding
Ramesh Khanna	54648	99.00
Arjun Khanna	552	1.00
Total	55200	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 10.09.2014

Category	Percentage of holding
Directors or relatives of Directors	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of body care and facial care products.
Products :	Body care and facial care products
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Cosmetic and Body Care Products
Countries :	· USA · UK · UAE · Honk Kong · European Countries
Imports :	Not Available
Terms :
Selling :	Cash and Credit (30/ 60/ 90 days)
Purchasing :	Cash and Credit (30/ 60/ 90 days)

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 :

End Users, OEM’s and Manufacturer

Reference :	Wellness and Healthcare Private Limited
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

· Vaidyashala Private Limited

· Birla Research and Lifesciences Limited

· Birla Pacific Medspa Limited

No. of Employees :

30 (Approximately)

Bankers :

Banker Name	HDFC Bank Limited
Branch Address	Faridabad Ranch, Haryana, 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

Axis Bank Limited, Faridabad Ranch, Haryana, India

Banking Relations :	--
Auditors :
Name :	Srivastava Kumar and Company Chartered Accountants
Address :	21-A, Nangli Rajapur, Near Sarai Kale Khan (I.S.B.T), Nizamuddin East, New Delhi – 110 013, India
Tel. No.:	91-11-24353216
Fax No.:	91-11-24353216
E-Mail :	skc123ca@gmail.com skc1234ca@gmail.com
PAN No.:	AAIFS7865H
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 10.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs.10/- each	Rs.2.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
55200	Equity Shares	Rs.10/- each	Rs.0.552 million

FINANCIAL DATA

[all figures are in Rupees Millions]

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	0.552	0.552	0.552
(b) Reserves & Surplus	0.045	(0.107)	(0.069)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	2.114	2.114	0.750
Total Shareholders’ Funds (1) + (2)	2.711	2.559	1.233
(3) Non-Current Liabilities
(a) Long-term borrowings	2.768	2.969	3.028
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) Long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	2.768	2.969	3.028
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	4.700	4.626	4.312
(c) Other current liabilities	0.607	0.304	0.983
(d) Short-term provisions	0.111	0.176	0.000
Total Current Liabilities (4)	5.418	5.106	5.295
TOTAL	10.897	10.634	9.556
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3.514	3.844	3.983
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(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)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.040	0.060	0.081
Total Non-Current Assets	3.554	3.904	4.064
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	4.189	4.045	3.804
(c) Trade receivables	2.686	2.306	0.418
(d) Cash and cash equivalents	0.130	0.181	0.125
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	0.338	0.198	1.145
Total Current Assets	7.343	6.730	5.492
TOTAL	10.897	10.634	9.556

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
SALES TURNOVER (APPROXIMATELY)	60.000	50.000	40.000
NET PROFIT / (LOSS)	0.152	(0.038)	(0.480)

Expected Sales (2014-2015): Rs.70.000 millions

The above information has been parted by Mr. Arjun Khanna (Director)

KEY RATIOS

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
Debt Equity Ratio (Total Debt/Networth)	1.02	1.16	2.46
Current Ratio (Current Asset/Current Liability)	1.36	1.32	1.04

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(INR in Mlns.)	(INR in Mlns.)	(INR in Mlns.)
Share Capital	0.552	0.552	0.552
Reserves & Surplus	(0.069)	(0.107)	0.045
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.750	2.114	2.114
Net worth	1.233	2.559	2.711
Long Term borrowings	3.028	2.969	2.768
Short Term borrowings	0.000	0.000	0.000
Total borrowings	3.028	2.969	2.768
Debt/Equity ratio	2.456	1.160	1.021

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	No
17]	Major suppliers	No
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG TERM BORROWINGS
Kotak Mahindra Prime Van Loan	0.049	0.155
ICICI Bank Car Loan	0.000	0.095
Ramesh Khanna	2.719	2.719
Total	2.768	2.969

INDEX OF CHARGES

No Charges Exist for Company.

FIXED ASSETS

· Apparatus

· Air Conditioner

· Furniture and Fixtures

· Fan

· Plant and Machinery

· Computer and Laptops

· Vehicles

· Telephone Appliances

· Car

· Van

· Generator

· Fire Extinguisher

· Camera

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.62.14
UK Pound	1	Rs.95.78
Euro	1	Rs.71.05

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	RAS
Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
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	3
--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	YES
--AFFILIATION	YES/NO	NO
--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.