MIRA INFORM REPORT

Report No. :	306502
Report Date :	20.02.2015

IDENTIFICATION DETAILS

Name :	NATURE AND NUTURE HEALTHCARE PRIVATE LIMITED
Registered Office :	305, Vardhman City, Plaza Business Center-2, Asaf Ali Road, New Delhi - 110002
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	08.07.2005
Com. Reg. No.:	55-138506
Capital Investment / Paid-up Capital :	Rs. 1.565 Millions
CIN No.: [Company Identification No.]	U24233DL2005PTC138506
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 :	Dealer of Medicinal Herbs, Dry Fruits, Spices etc.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (34)

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

Maximum Credit Limit :	USD 8800
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The company has failed to file its financials for the year 2013-14 with government department. As per available financial of 2012-13, the company has reported low profitability. However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for 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 DECLINED

MANAGEMENT NON-COOPERATIVE

[CONTACT NO.: 91-11-43524267]

LOCATIONS

Registered/ Head Office :	305, Vardhman City, Plaza Business Center-2, Asaf Ali Road, New Delhi – 110002, India
Tel. No.:	91-11-43524267/ 43752230
Fax No.:	91-11-43524519
E-Mail :	vrkasso@yahoo.co.in maqbool786@gmail.com info@herbsfromnature.com
Website :	http://www.herbsfromnature.com
Corporate Office :	1210, 2nd B Cross, 119th Main, JP Nagar, Phase - II, Bangalore – 560078, Karnataka, India
Telefax :	91-80-42075089
E-Mail :	dr.aruna@herbsfromnature.com
Sale Outlet :	Shop No. 338-B, Katra Hussain Buksh, Khari Baoli, Delhi – 110006, India
Marketing Office :	Kankhal, Haridwar, Uttrakhand, India

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Maqbool Hasan

Designation :

Director

Address :

265, Gulmohar Avenue, Tikona Park, Okhla, New Delhi – 110025, India

Date of Birth/Age :

31.12.1975

Date of Appointment :

08.07.2005

DIN No.:

02033020

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	U24233DL2005PTC138506	NATURE AND NUTURE HEALTHCARE PRIVATE LIMITED	Managing director	01/09/2014	08/07/2005	-	Active	NO
2	U51109DL2007PTC161678	NUEVE EXIM PRIVATE LIMITED	Additional director	01/03/2011	01/03/2011	30/09/2011	Active	NO
3	U51220DL2012PTC243018	SAAMIR INTERNATIONAL PRIVATE LIMITED	Director	01/03/2014	01/03/2014	-	Active	NO

Name :

Saba Maqbool

Designation :

Director

Address :

265, Gulmohar Avenue, Tikona Park, Okhla, New Delhi – 110025, India

Date of Birth/Age :

16.01.1983

Date of Appointment :

08.07.2005

DIN No.:

02636480

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders	No. of Shares
Maqbool Hasan	57990
Saba Maqbool	49510
Umar Daraz	11500
Qamar Jahan	6000
Ausaf Ahmed	11000
Raisuddin	7000
Imran Khanam	3000
Ahtam Ahmed Khan	4000
Jamil Ahmed	5000
Afreen	1500
Total	156500

AS ON 30.09.2013

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	68.69
Other top fifty shareholders	31.31
Total	100.00

BUSINESS DETAILS

Line of Business :	Dealing of Medicinal Herbs, Dry Fruits, Spices etc.
Brand Names :	--
Agencies Held :	--
Exports :
Products :	--
Countries :	--
Imports :
Products :	--
Countries :	--
Terms :
Selling :	--
Purchasing :	--

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

· The Himalaya Drug Company

Dabour India Private Limited

Hamdard (Wakf) Laboratories

Ozone Ayurvedics Private Limited

Vini Sukhmani (A group of U.S.A.)

Konark Herbals Private Limited

Baidynath

Seagul Drugs Private Limited

Natural remedies Private Limited

Surya Herbals Private Limited

Viyas Pharmaceuticals Private Limited

Rex (U&A) Remedies Private Limited

No. of Employees :

Not Divulged

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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks: Not Divulged

· The Shamrao Vithal Co-Operative Bank Limited

G-4, Guru Amardas Bhawan, 78 Nehru Place, New Delhi - 110019, Delhi, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG-TERM BORROWINGS
Term loan from HDFC Bank [Secured against personal guarantee of Directors provided. Rate of interest not on record. Payable in 36 installments. Loan maturing in February 2014.]	0.000	0.361
SHORT TERM BORROWINGS
Cash Credit facility From Shamrao Vitthal Cooperative Bank Limited	5.170	5.095
Total	5.170	5.456
SHORT TERM BORROWINGS The cash credit facility is secured against stocks and book debts of the company and personal properties of the directors and their personal guarantees, is repayable on demand. Interest charged @ 16.50% p.a. subject to change as per bank/ RBI guidelines.

Banking Relations :	--
Auditors :
Name :	Vinod Rakesh and Associates Chartered Accountants
Address :	3001, 2nd Floor, Bhagat Singh Street No. 2, Chuna Mandi, Paharganj, New Delhi – 110055, India
Tel. No.:	91-11-23589802/ 23583611
Income-tax PAN of auditor or auditor's firm :	AAAFV5031C
Company in which KMP/ Relatives of KMP can exercise significant influence :	Saamir International

CAPITAL STRUCTURE

AFTER 30.09.2013

Authorised Capital : Rs. 2.500 Millions

Issued, Subscribed & Paid-up Capital : Rs. 2.343 Millions

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
250,000	Equity Shares	Rs. 10/- each	Rs. 2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
156,500	Equity Shares	Rs. 10/- each	Rs. 1.565 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1.565	0.990	0.990
(b) Reserves & Surplus	1.525	1.130	1.038
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	3.090	2.120	2.028
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000	0.361	0.696
(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)	0.000	0.361	0.696
(4) Current Liabilities
(a) Short term borrowings	5.170	5.095	4.896
(b) Trade payables	53.144	26.739	28.988
(c) Other current liabilities	5.487	1.954	1.868
(d) Short-term provisions	0.000	0.029	0.000
Total Current Liabilities (4)	63.801	33.817	35.752
TOTAL	66.891	36.298	38.476
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.546	0.575	0.690
(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	0.025	0.025	0.025
(c) Deferred tax assets (net)	0.021	0.015	0.065
(d) Long-term Loan and Advances	0.200	1.796	1.867
(e) Other Non-current assets	0.391	0.215	0.215
Total Non-Current Assets	1.183	2.626	2.862
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2.760	4.706	13.405
(c) Trade receivables	58.220	24.074	17.777
(d) Cash and cash equivalents	0.328	0.290	2.518
(e) Short-term loans and advances	2.738	2.998	1.878
(f) Other current assets	1.662	1.604	0.036
Total Current Assets	65.708	33.672	35.614
TOTAL	66.891	36.298	38.476

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	GROSS TURNOVER		86.844	70.893	73.569
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		1.684	1.261	1.022
Less	FINANCIAL EXPENSES		0.993	1.004	0.715
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.691	0.257	0.307
Less/ Add	DEPRECIATION/ AMORTISATION		0.107	0.115	0.146
	PROFIT BEFORE TAX		0.584	0.142	0.161
Less	TAX		0.189	0.050	0.060
	PROFIT AFTER TAX		0.395	0.092	0.101
	Earnings Per Share (Rs.)		3.98	0.93	1.02

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Return on Total Assets (PBT/Total Assets}	(%)	0.87	0.39	0.42
Return on Investment (ROI) (PBT/Networth)		0.19	0.07	0.08
Debt Equity Ratio (Total Debt/Networth)		1.67	2.57	2.76
Current Ratio (Current Asset/Current Liability)		1.03	1.00	1.00

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particulars	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.990	0.990	1.565
Reserves & Surplus	1.038	1.130	1.525
Net worth	2.028	2.120	3.090
Long-term borrowings	0.696	0.361	0.000
Short term borrowings	4.896	5.095	5.170
Total borrowings	5.592	5.456	5.170
Debt/Equity ratio	2.757	2.574	1.673

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Gross Turnover	73.569	70.893	86.844
		-3.637	22.500

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Gross Turnover	73.569	70.893	86.844
Profit	0.101	0.092	0.395
	0.14%	0.13%	0.45%

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	Yes
17]	Major suppliers	No
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	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	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

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10209635	05/03/2010	5,000,000.00	THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED	G-4, GURU AMARDAS BHAWAN, 78 NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA	A81772535

CHANGE OF ADDRESS:

The Registered Office of the company has been shifted from 202-16/A, Jeewan Apartments, Jamia Nagar, Okhla, New Delhi – 110025, India to the present address w.e.f.05.07.2009.

CORPORATE INFORMATION

Subject was formed in the year 2005 in the State of Delhi. The company is mainly into the business of dealings in medicinal herbs, dry fruits, spices etc. It is marketing its products both locally and abroad. The company is making all efforts for developing market for its products in foreign countries and its exports are gradually increasing.

FIXED ASSETS:

· Vehicles

Office Machinery and Equipment

Computer

Furniture and Fixtures

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. 62.25
UK Pound	1	Rs. 95.57
Euro	1	Rs. 71.01

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	SUC
Report Prepared by :	BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	4
--RESERVES	1~10	3
--CREDIT LINES	1~10	4
--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		34

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	--

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.