MIRA INFORM REPORT

Report No. :	304109
Report Date :	19.01.2015

IDENTIFICATION DETAILS

Name :	CENTRE FOR DIGESTIVE AND KIDNEY DISEASES (INDIA) PRIVATE LIMITED
Registered Office :	Global Hospital, Super-Speciality and Transplant Centre, 35, Dr E. Borges Road, Hospital Avenue, Parel, Mumbai – 400012, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	30.04.2004
Com. Reg. No.:	11-146014
Capital Investment / Paid-up Capital :	Rs. 1187.391 Millions
CIN No.: [Company Identification No.]	U85110MH2004PTC146014
TAN No.: [Tax Deduction & Collection Account No.]	MUMC12860B
PAN No.: [Permanent Account No.]	AACCC5117H
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of rendering medical and healthcare services.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 1370000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial risk profile marked by weak operational performance and huge accumulated losses incurred by the company. However, trade relations are fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing with some caution. NOTE: As confirmed by Mr. Stanley, Accounts Executive that “GLOBAL HOSPITAL” is the brand name and name of the company is “CENTRE FOR DIGESTIVE AND KIDNEY DISEASES (INDIA) LIMITED”

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

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.

LOCATIONS

Registered Office :	Global Hospital, Super-Speciality and Transplant Centre, 35, Dr E. Borges Road, Hospital Avenue, Parel, Mumbai – 400012, Maharashtra, India
Tel. No. :	91-22-67670101/ 67670202/ 67670168/ 67670251
Fax No. :	91-22-24174435
E-Mail :	sudhirshah1956@gmail.com lavtawde@globalhospital.net
Website :	http://patientcare.globalhospitalsindia.com

DIRECTORS

As on 30.09.2013

Name :

Mr. Amit Prabhakar Maydeo

Designation :

Director

Address :

41, Rewa Apartments, Bhulabhai Desai Road, Mumbai - 400026, Maharashtra, India

Date of Birth/Age :

01.02.1958

Date of Appointment :

30.04.2004

PAN No.:

AADPM1362N

DIN No. :

00068609

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	U85110MH2004PTC146014	CENTRE FOR DIGESTIVE AND KIDNEY DISEASES (INDIA) PRIVATE LIMITED	Director	30-04-2004	30-04-2004	-	Active	NO
2	U33100MH2005PTC157488	ELCOM INTERNATIONAL PRIVATE LIMITED	Director	23-11-2005	23-11-2005	30-09-2009	Active	NO
3	U33112MH2011PTC212876	ELCOM INSTRUMENTS INDUSTRIES PRIVATE LIMITED	Director	01-02-2011	01-02-2011	-	Active	NO

Name :

Mr. Ravindranath Kancherla

Designation :

Managing director

Address :

Plot No.303, F, Road No.25, Jubilee Hills, Hyderabad - 500033, Andhra Pradesh, India

Date of Birth/Age :

20.06.1954

Date of Appointment :

21.11.2012

PAN No. :

AABCR4013N

DIN No. :

00117940

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	U85110AP1998PTC029914	RAINBOW CHILDREN'S MEDICARE PRIVATE LIMITED	Director	07-08-1998	07-08-1998	09-09-2009	Active	NO
2	U85110TN1998PTC093106	RAVINDRANATH GE MEDICAL ASSOCIATES PRIVATE LIMITED	Managing director	01-01-1999	01-01-1999	-	Active	NO
3	U85110TG1996PTC025213	GLOBAL HOSPITALS Private Limited	Managing director	30-01-2004	30-01-2004	-	Active	NO
4	U85110MH2004PTC146014	CENTRE FOR DIGESTIVE AND KIDNEY DISEASES (INDIA) PRIVATE LIMITED	Managing director	21-11-2012	02-01-2005	-	Active	NO
5	U55101DL2005PLC135739	GLOBAL HOSPITAL (NORTH) LIMITED	Director	03-05-2005	03-05-2005	-	Active	NO
6	U24230TG2005PTC046691	GLOBAL CONSUMER SERVICES PRIVATE LIMITED	Director	30-06-2005	30-06-2005	26-03-2014	Active	NO
7	U85110TG2006PTC050946	GLOBAL CLINICAL RESEARCH SERVICES PRIVATE LIMITED	Director	23-08-2006	23-08-2006	-	Active	NO
8	U45200TG2007PTC052201	GLOBAL INFRAPROJECTS AND BUILDERS Private LIMITED	Director	02-01-2007	02-01-2007	-	Active	NO
9	U85195WB2007PTC114933	GLOBAL SUNRISE MEDI SERVICES PRIVATE LIMITED	Director	02-04-2007	02-04-2007	-	Active	NO
10	U70101TN2007PTC064100	RGE CONSTRUCTIONS AND DEVELOPMENT PRIVATE LIMITED	Director	25-06-2007	25-06-2007	18-02-2010	Active	NO
11	U45200TN2008PTC066363	SONU INFRAPROJECTS AND BUILDERS PRIVATE LIMITED	Director	08-02-2008	08-02-2008	-	Active	NO
12	U74900TG2014PTC096462	HYGIEIA GLOBAL HEALTH SERVICES PRIVATE LIMITED	Director	19-11-2014	19-11-2014	-	Active	NO

Name :

Mr. Jayasinh Vallabhdas Mariwala

Designation :

Director

Address :

Sudha Kunj, 3, Tardeo Road, Mumbai - 400034, Maharashtra, India

Date of Birth/Age :

09.07.1933

Date of Appointment :

02.01.2005

PAN No. :

AACPM9944R

DIN No. :

00182835

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	U51109KL1942PLC001301	VALLABHDAS KANJI LIMITED	Director	19-06-1963	19-06-1963	-	Active	NO
2	U51909MH1990PLC240460	KANCOR INGREDIENTS LIMITED	Director	03-05-1990	03-05-1990	-	Active	NO
3	U51220MH1994PTC080424	AUTO HANGAR (INDIA) PRIVATE LIMITED	Director	01-10-1994	01-10-1994	-	Active	NO
4	U65929KL1995PTC008587	MADHAVI MOHAN FINANCE AND INVESTMENT PVT LTD	Director	23-01-1995	23-01-1995	-	Strike off	NO
5	U65929KL1995PTC008590	SJM FINANCE AND INVESTMENTS PRIVATE LIMITED	Director	23-01-1995	23-01-1995	-	Strike off	NO
6	U65929KL1995PTC008586	JAYSINH ANILA FINANCE AND INVESTMENTS PVT LTD	Director	23-01-1995	23-01-1995	-	Strike off	NO
7	U65929KL1995PTC008589	AJM FINANCE AND INVESTMENTS PRIVATE LIMITED	Director	23-01-1995	23-01-1995	-	Strike off	NO
8	U67190MH1996PTC098775	MARIGOLD CAPITAL MANAGEMENT PRIVATE LIMITED	Director	10-04-1996	10-04-1996	27-08-2010	Active	NO
9	U27200MH1979PTC021470	NIRLEP APPLIANCES Private Limited	Director	30-05-1997	30-05-1997	10-01-2008	Active	NO
10	U99999MH1990PLC058368	MUTUAL INDUSTRIES LIMITED	Director	05-03-2002	05-03-2002	-	Active	NO
11	U51225KL2000PLC014152	RED PEPPERS LIMITED	Director	18-03-2002	18-03-2002	-	Active	NO
12	L24100MH1992PLC066691	JAYANT AGRO-ORGANICS LIMITED	Director	27-09-2014	29-06-2002	-	Active	NO
13	U24230MH2003PLC141898	OMNIACTIVE HEALTH TECHNOLOGIES LIMITED	Director	27-08-2003	27-08-2003	-	Active	NO
14	U72900MH2001PTC131243	REDLINE AUTOMOTIVE PRIVATE LIMITED	Director	30-09-2004	30-09-2004	-	Amalgamated	NO
15	U85110MH2004PTC146014	CENTRE FOR DIGESTIVE AND KIDNEY DISEASES (INDIA) PRIVATE LIMITED	Director	02-01-2005	02-01-2005	-	Active	NO
16	U15495MH2006PLC240494	KANCOR NATURAL ISOLATES LIMITED	Director	17-08-2006	17-08-2006	-	Active	NO
17	U24117MH2006PTC164412	IHSEDU SPECIALITY CHEMICALS PRIVATE LIMITED	Director	15-07-2010	18-09-2009	-	Amalgamated	NO
18	U52100MH2007PTC173441	VKL Seasoning Private Limited	Director	30-09-2013	17-06-2013	31-03-2014	Active	NO
19	U24233MH2013PLC245230	OMNI WELLNESS AND NUTRITION LIMITED	Director	05-07-2013	05-07-2013	-	Active	NO

Name :

Deep Mishra

Designation :

Director

Address :

# 202, 2^nd floor, Canterbury Castle, # 232, 3^rd Main, Defence Colony, Indiranagar, Bangalore - 560038, Karnataka, India

Date of Birth/Age :

21.07.1972

Date of Appointment :

30.09.2010

DIN No. :

02249582

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	U70101PN2008PTC131638	MARVELEDGE REALTORS PRIVATE LIMITED	Alternate director	26-09-2008	27-06-2008	27-09-2008	Active	NO
2	U45200PN2007PTC130565	MARVEL LANDMARKS PRIVATE LIMITED	Alternate director	26-09-2008	27-06-2008	27-09-2008	Active	NO
3	U74899HR2000PLC043893	ELDECO INFRASTRUCTURE AND PROPERTIES LIMITED	Alternate director	23-09-2008	23-09-2008	26-09-2008	Active	NO
4	U45200WB2007PTC112466	DEVBHUMI REALTORS PRIVATE LIMITED	Nominee director	12-11-2009	12-11-2009	21-07-2011	Active	NO
5	U45200MH2005PTC156839	AVRUTI MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	31-08-2010	12-11-2009	31-01-2011	Active	NO
6	U70100MH2005PTC155196	BLB MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	30-09-2010	13-11-2009	21-07-2011	Active	NO
7	U45209PN2005PTC021147	CITY REALTY & DEVELOPMENT PRIVATE LIMITED	Director	28-09-2010	18-11-2009	15-07-2011	Active	NO
8	U34102PN2004PTC019806	Skyscapes Hotels Private Limited	Director	28-09-2010	18-11-2009	15-07-2011	Active	NO
9	U70101KL1994PTC008019	PEEVEES PROJECTS PRIVATE LIMITED	Director	25-09-2010	28-11-2009	21-07-2011	Active	NO
10	U65990MH2008PLC181572	CAPITAL FIRST COMMODITIES LIMITED	Additional director	24-12-2009	24-12-2009	03-05-2010	Active	NO
11	U55200MH2000PTC124192	OFFBEAT DEVELOPERS PRIVATE LIMITED	Director	28-08-2010	04-03-2010	20-07-2011	Active	NO
12	U40101DL2004PTC148280	ENERGY INFRATECH PRIVATE LIMITED	Nominee director	27-09-2010	26-03-2010	-	Active	NO
13	U85110MH2004PTC146014	CENTRE FOR DIGESTIVE AND KIDNEY DISEASES (INDIA) PRIVATE LIMITED	Director	30-09-2010	27-03-2010	-	Active	NO
14	U51909GJ1942PLC000436	THE BARODA COMMERCIAL CORPORATION LIMITED	Additional director	15-09-2010	15-09-2010	21-07-2011	Active	NO
15	U51101DL1999PTC102039	OZONE OVERSEAS Private Limited	Nominee director	14-11-2011	14-11-2011	-	Active	NO
16	U31200DL2005PLC133875	TEESTA URJA LIMITED	Alternate director	13-03-2012	13-03-2012	21-03-2012	Active	NO
17	U74899DL1979PTC014517	BLACKIE & SON (CALCUTTA) PRIVATE LIMITED	Director	27-09-2012	27-09-2012	-	Active	NO
18	U22190MH1999PTC122464	BPI (INDIA) PRIVATE LIMITED	Director	27-09-2012	27-09-2012	-	Active	NO
19	U80904DL2010PTC204512	SAFARI DIGITAL EDUCATION INITIATIVES PRIVATE LIMITED	Director	27-09-2012	27-09-2012	-	Active	NO
20	U74899DL1961PTC003552	EURASIA PUBLISHING HOUSE PRIVATE LIMITED	Director	27-09-2012	27-09-2012	-	Active	NO
21	U74899DL1971PTC005776	Nirja Publishers & Printers Private Limited	Director	27-09-2012	27-09-2012	-	Active	NO
22	U74899DL1962PTC003658	RAJENDRA RAVINDRA PRINTERS PRIVATE LIMITED	Director	27-09-2012	27-09-2012	-	Active	NO
23	U22219DL1970PTC005400	S CHAND AND COMPANY Private Limited	Director	27-09-2012	27-09-2012	-	Active	NO
24	U74899DL1971PTC005766	VIKAS PUBLISHING HOUSE private limited	Director	29-10-2013	10-10-2012	-	Active	NO
25	U28112DL2013PTC248166	Ozone Metallics Private Limited	Additional director	14-03-2013	12-02-2013	29-10-2013	Active	NO
26	U45400MH2007PTC171497	Faces Cosmetics India Private Limited	Director	30-09-2013	01-08-2013	-	Active	NO
27	U72200DL2008PTC173250	DS DIGITAL PRIVATE LIMITED	Director	30-09-2014	26-06-2014	-	Active	NO
28	U80904AP2009PTC064404	Edutor Technologies India Private Limited	Director	06-09-2014	06-09-2014	-	Active	NO
29	U15122HR2014PTC054138	Nimman Foods Private Limited	Director	29-12-2014	29-12-2014	-	Active	NO

Name :

Dr. Bharat V. Shah

Designation :

Director

Address :

1903,19th Floor, Raheja Tipco Hights Tower No1, Rani Sati Marg, Malad (East), Mumbai - 400097, Maharashtra, India

Date of Birth/Age :

21.07.1956

Date of Appointment :

30.04.2004

PAN No. :

AAEPS3651B

DIN No. :

02365426

Name :

Prashanth Prabhakar Rao

Designation :

Director

Address :

“Pradeep”, Ramnagar, Dombivali (East), Mumbai - 421201, Maharashtra, India

Date of Birth/Age :

03.12.1968

Date of Appointment :

02.01.2005

PAN No. :

AAYPR7270H

DIN No. :

02484407

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	Company/ LLP Status	Defaulting status
1	U85110MH2001NPL134123	MAMATA INSTITUTE OF MEDICAL SCIENCES	Director	05-12-2001	05-12-2001	Active	YES
2	U85110MH2004PTC146014	CENTRE FOR DIGESTIVE AND KIDNEY DISEASES (INDIA) PRIVATE LIMITED	Director	02-01-2005	02-01-2005	Active	NO

Name :

Mr. Potlapally Suraj Teja

Designation :

Director

Address :

Plot No. 79/C, MLA Colony, Banjara Hills, Road No. 12, Hyderabad - 500034, Andhra Pradesh, India

Date of Birth/Age :

24.03.1981

Date of Appointment :

30.09.2010

PAN No. :

AOXPP9521M

DIN No. :

02549673

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	Company/ LLP Status	Defaulting status
1	U85110MH2004PTC146014	CENTRE FOR DIGESTIVE AND KIDNEY DISEASES (INDIA) PRIVATE LIMITED	Director	30-09-2010	27-03-2010	Active	NO
2	U70102TG2008PTC060968	SAURAVA INFRASTRUCTURES COMPANY PRIVATE LIMITED	Additional director	27-08-2010	27-08-2010	Active	NO
3	U45200AP2010PTC067315	SAURAVA TOWERS PRIVATE LIMITED	Director	03-09-2010	03-09-2010	Active	NO

KEY EXECUTIVES

Name :	Mr. Stanley
Designation :	Accounts Executive
Name :	Mr. Sushant Dalmia
Designation :	Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

NOTE: SHAREHOLDING AND ALLOTTEES DETAILS FILE ATTACHED.

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	7.50
Bodies corporate	76.56
Directors or relatives of Directors	7.70
Other top fifty shareholders	8.24
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of rendering medical and healthcare services.

Product/ Services:

Item Code No. (ITC Code)	Product/ Services Description
99931110	Surgical Services for Inpatients

Brand Names :

--

Agencies Held :

--

Exports :

--

Imports :

--

Terms :

--

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Not Available

Customers :

Not Available

No. of Employees :

Not Available

Bankers :

· Union Bank of India, Khairatabad Branch, 6-2-984, Pavani Plaza Rajbhavan Road, Hyderabad - 500004, Andhra Pradesh, India

· Indian Overseas Bank, Lakidikapool Branch, Hyderabad - 500033, Andhra Pradesh, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG TERM BORROWINGS
Rupee term loans from banks	1275.288	990.144
Loans taken for vehicles	0.000	0.153
Loans taken for other fixed assets	79.428	0.000
SHORT TERM BORROWINGS
Working capital loans from banks	50.172	0.000
Total	1404.888	990.297

NOTE

LONG TERM BORROWINGS

Consortium loans from Union Bank of India, Indian Overseas Bank and State Bank of Hyderabad amounting Rs. 1275.288 Millions (31 March 2013: Rs. 990.144 Millions) and Rs. 81.200 Millions (31 March 2013: Rs. 86.406 Millions) disclosed under long-term borrowings and current maturities of long-term debts respectively, are secured by equitable mortgage of land and building and first pari passu charge in the entire fixed assets in present and future, pledge of shares worth Rs. 337.1 million of the Company on pari passu basis, assignment of all insurance policies covering the assets of the Company; second pari passu charge on all current assets assignment by way of first charge of all material contracts, licenses, approvals, permits and consents of the Company in form and substance; negative lien over all the licenses, approvals, permits and consents obtained by the Company

Loan from Yes bank 2.158 Millions (31 March 2013: Rs. Nil) and Rs. 12.842 Millions (31 March 2013: Rs. Nil) disclosed under long-term borrowings and current maturities of long-term debts respectively, is secured by hypothecation of equipment purchased out of this loan.

SHORT TERM BORROWINGS

Cash credit from consortium of banks amounting Rs. 50.172 Millions (31 March 2013: Rs. Nil) is secured by hypothecation of all the current assets of the Company, both present and future, pledge of shares worth Rs. 337.1 million of the Company to all lenders of the consortium on pari passu basis

Financial Institution :	India Infoline Finance Limited, 12A-10, 13th Floor, Parinee Crescenzo, G Block, C-38&39, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India
Auditors :
Name :	BSRR and Company Chartered Accountants
Address :	26182, Reliance Humsafar, 4^th Floor, Road No. 11, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India
Income-tax PAN of auditor or auditor's firm :	AAKFB1884H
Memberships :	--
Collaborators :	--
Holding Company :	Ravindranath Ge Medical associates Private limited CIN No.: U85110TN1998PTC093106
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· Global Hospitals Private Limited CIN No.: U85110TG1996PTC025213 · Metropolis Healthcare Limited CIN No.: U73100MH2000PLC192798 · Institute of Advanced Endoscopy

CAPITAL STRUCTURE

As on 20.12.2014

Authorised Capital: Rs. 1600.000 Millions

Issued, Subscribed & Paid-up Capital: Rs. 1590.996 Millions

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
130000000	Equity Shares	Rs.10/- each	Rs. 1300.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
118739088	Equity Shares	Rs.10/- each	Rs. 1187.391 Millions

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	1187.391	666.438	580.564
(b) Reserves & Surplus	(758.732)	(235.822)	(107.518)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	50.871	3.562	71.580
Total Shareholders’ Funds (1) + (2)	479.530	434.178	544.626
(3) Non-Current Liabilities
(a) Long-term borrowings	1354.716	990.297	1020.105
(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	4.087	3.171	0.726
Total Non-current Liabilities (3)	1358.803	993.468	1020.831
(4) Current Liabilities
(a) Short term borrowings	87.672	67.500	0.000
(b) Trade payables	150.038	64.864	11.545
(c) Other current liabilities	370.664	663.076	128.988
(d) Short-term provisions	0.163	0.058	0.001
Total Current Liabilities (4)	608.537	795.498	140.534
TOTAL	2446.870	2223.144	1705.991
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2274.871	2139.031	55.329
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	1067.809
(iv) Intangible assets under development	27.756	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	46.857	30.388	493.225
(e) Other Non-current assets	10.580	11.302	3.553
Total Non-Current Assets	2360.064	2180.721	1619.916
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	20.101	16.929	0.000
(c) Trade receivables	17.511	0.800	0.000
(d) Cash and cash equivalents	27.484	15.742	85.170
(e) Short-term loans and advances	9.984	4.888	0.000
(f) Other current assets	11.726	4.064	0.905
Total Current Assets	86.806	42.423	86.075
TOTAL	2446.870	2223.144	1705.991

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		TOTAL (A)	666.169	99.820
Less	EXPENSES
		TOTAL (B)	867.010	157.496	NA
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(200.841)	(57.676)
Less	FINANCIAL EXPENSES (D)		216.717	49.058
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(417.558)	(106.734)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		105.352	21.570
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(522.910)	(128.304)
Less	TAX (H)		0.000	0.000
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(522.910)	(128.304)	(22.941)
	EARNINGS IN FOREIGN CURRENCY		2.470	0.000	0.000
	Earnings / (Loss) Per Share (Rs.)		(6.90)	(2.09)	(0.67)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	(21.62)	(5.77)	0.00
Return on Investment (ROI) (PBT/Networth)		(1.09)	(0.30)	0.00
Debt Equity Ratio (Total Debt/Networth)		3.01	2.44	1.87
Current Ratio (Current Asset/Current Liability)		0.14	0.05	0.61

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	580.564	666.438	1187.391
Reserves & Surplus	(107.518)	(235.822)	(758.732)
Share Application money pending allotment	71.580	3.562	50.871
Net worth	544.626	434.178	479.530
long-term borrowings	1020.105	990.297	1354.716
Short term borrowings	0.000	67.500	87.672
Total borrowings	1020.105	1057.797	1442.388
Debt/Equity ratio	1.873	2.436	3.008

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Sales	99.820	666.169
		567.370

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Sales	99.820	666.169
Profit/ (Loss)	(128.304)	(522.910)
	(128.54%)	(78.50%)

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 two 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	Yes
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	10527074	02/04/2014	80,040,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA	C30563456
2	10517427	30/03/2014	29,419,419.00	INDIA INFOLINE FINANCE LIMITED	12A-10, 13TH FLOOR, PARINEE CRESCENZO, G BLOCK, C-38&39, BANDRA KURLA COMPLEX, BANDRA-EAST, MUMBAI, MAHARASHTRA - 400051, INDIA	C18796995
3	10513329	30/03/2014	31,633,026.00	INDIA INFOLINE FINANCE LIMITED	12A-10, 13TH FLOOR, PARINEE CRESCENZO, G BLOCK, C-38&39, BANDRA KURLA COMPLEX, BANDRA- EAST, MUMBAI, MAHARASHTRA - 400051, INDIA	C15328222
4	10461300	30/09/2013	4,655,494.00	INDIA INFOLINE FINANCE LIMITED	12A-10, 13TH FLOOR, PARINEE CRESCENZO, G BLOCK, C-38&39, BANDRA KURLA COMPLEX, BANDRA- EAST, MUMBAI, MAHARASHTRA - 400051, INDIA	B89991764
5	10457679	11/09/2013	5,220,000.00	INDIA INFOLINE FINANCE LIMITED	12A-10, 13TH FLOOR, PARINEE CRESCENZO, G BLOCK, C-38&39, BANDRA KURLA COMPLEX, BANDRA- EAST, MUMBAI, MAHARASHTRA - 400051, INDIA	B88574538
6	10434447	05/06/2013	80,000,000.00	UNION BANK OF INDIA	KHAIRTABAD BRANCH, PAVANI PLAZA COMMERCIAL COMPLEX, GHMC ROAD, HYDERABAD, ANDHRA PRADESH - 500004, INDIA	B78551413
7	10369851	22/06/2012	30,000,000.00	UNION BANK OF INDIA	KHAIRTABAD BRANCH, PAVANI PLAZA COMMERCIAL COMPLEX, GHMC ROAD, HYDERABAD, ANDHRA PRADESH - 500004, INDIA	B45424108
8	10240574	22/07/2013 *	1,443,800,000.00	UNION BANK OF INDIA	KHAIRATABAD BRANCH, 6-2-984,PAVANI PLAZA RAJBHAVAN ROAD, HYDERABAD, ANDHRA PRADESH - 500004, INDIA	B81376113
9	10207052	30/01/2010	150,000,000.00	INDIAN OVERSEAS BANK	LAKIDIKAPOOL BRANCH, HYDERABAD, ANDHRA PRADESH - 500033, INDIA	A81313603

* Date of charge modification

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
SHORT TERM BORROWINGS
Loans and advances from directors	37.500	37.500
Loans and advances from others	0.000	15.000
Total	37.500	52.500

COMPANY OVERVIEW

The Company was incorporated on 13 April 2004 as a Private Limited Company under the Companies Act, 1956 . The Registered office of the Company is situated at 35, Dr. E. Borges Road, Parel, Mumbai 400012. The Company is primarily engaged in the business of rendering medical and healthcare services.

OPERATIONAL PERFORMANCE

During the year, which is the first full of operation, the total revenue of the company was Rs. 666.200 Millions. The revenue started at Rs.36.500 Millions and ramped up to Rs. 73.400 Millions during the end of the year. The company has got all the licenses including liver transplant. The company has got Occupancy Certificate only for 10 floors. Despite this, the company has efficiently managed to get bed occupancy of 70%. In order to expand its operations, the company has plans to add another 4 floors during the current year. The addition of 100 beds will enable the company to double up the revenue.

FIXED ASSETS

Tangible Assets

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Motor 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 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.61.89
UK Pound	1	Rs.93.92
Euro	1	Rs.72.01

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	KAR
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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		27

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.