MIRA INFORM REPORT

Report No. :	329453
Report Date :	01.07.2015

IDENTIFICATION DETAILS

Name :	M. M. AYURVEDIC PRIVATE LIMITED
Registered Office :	17, Zakaria Street, Kolkata- 700073, West Bengal
Tel. No.:	91-33-22357629
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	30.05.2006
Com. Reg. No.:	21-109693
Capital Investment / Paid-up Capital :	Rs.5.650 Million
CIN No.: [Company Identification No.]	U24233WB2006PTC109693
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 Ayurvedic Hair Oil, Ayurvedic Herbal Hair Oil, Ayurvedic Talcum Powder, Tulsi Thanda Oil, Ayurvedic Mehandi (Heena)
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Maximum Credit Limit :	USD 83000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company incorporated during 2006 having a moderate track record. The rating takes into consideration previous year’s losses incurred by the company, its small scale of business operation and unfavorable gap between trade payable and trade receivable However, trade relations are reported as fair. Business is active. Payments term 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	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 31-03-2013.

INFORMATION DENIED BY

Name :	Mr. Sanjay Singh
Designation :	Senior Manager
Contact No.:	91-9748008761
Date :	30.06.2015

LOCATIONS

Registered Office :	17, Zakaria Street, Kolkata- 700073, West Bengal, India
Tel. No.:	91-33-22357629
Mobile No.:	91-9748008761 (Mr. Sanjay)
Fax No.:	91-33-22217737
E-Mail :	mmanagers@gmail.com tulistel@gmail.com

DIRECTORS

As on 30.09.2014

Name :

Danish Mohammed

Designation :

Director

Address :

90, Elliot Road, Park Street, Kolkata- 700016, West Bengal, India

Date of Birth/Age :

11.02.1988

Date of Appointment :

30.05.2006

DIN No.:

01149187

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	U24233WB2006PTC109693	M. M AYURVEDIC PRIVATE LIMITED	Director	30/05/2006	30/05/2006	-	Active	NO
2	U72900WB2009PTC133514	NYDS COMPU SYSTEM PRIVATE LIMITED	Director	06/03/2009	06/03/2009	-	Active	NO
3	U16004WB2011PTC170780	M.M.I.TOBACCO PRIVATE LIMITED	Director	16/12/2011	16/12/2011	-	Active	NO

Name :

Mohammed Khalique

Designation :

Director

Address :

90, Elliot Road, Park Street, Kolkata- 700016, West Bengal, India

Date of Birth/Age :

16.01.1962

Date of Appointment :

30.05.2006

PAN No.:

AEOPM4563Q

DIN No.:

01149084

Other Directorship:

1	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	U24233WB2006PTC109693	M. M AYURVEDIC PRIVATE LIMITED	Director	30/05/2006	30/05/2006	-	Active	NO
2	U16004WB2011PTC170780	M.M.I.TOBACCO PRIVATE LIMITED	Director	16/12/2011	16/12/2011	-	Active	NO

Name :

Nazish Mohammed

Designation :

Director

Address :

90, Elliot Road, Park Street, Kolkata- 700016, West Bengal, India

Date of Birth/Age :

01.03.1990

Date of Appointment :

30.05.2006

DIN No.:

02121769

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	U24233WB2006PTC109693	M. M AYURVEDIC PRIVATE LIMITED	Director	10/04/2008	10/04/2008	-	Active	NO
2	U72900WB2009PTC133514	NYDS COMPU SYSTEM PRIVATE LIMITED	Director	06/03/2009	06/03/2009	-	Active	NO
3	U16004WB2011PTC170780	M.M.I.TOBACCO PRIVATE LIMITED	Director	16/12/2011	16/12/2011	-	Active	NO

Name :

Shahid Mohammed

Designation :

Director

Address :

90, Elliot Road, Park Street, Kolkata- 700016, West Bengal, India

Date of Birth/Age :

18.01.1987

Date of Appointment :

30.05.2006

PAN No.:

BADPS57113Q

DIN No.:

01149134

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	U24233WB2006PTC109693	M. M AYURVEDIC PRIVATE LIMITED	Director	30/05/2006	30/05/2006	-	Active	NO
2	U72900WB2009PTC133514	NYDS COMPU SYSTEM PRIVATE LIMITED	Director	06/03/2009	06/03/2009	-	Active	NO

Name :

Yasmin Khalique

Designation :

Director

Address :

90, Elliot Road, Park Street, Kolkata- 700016, West Bengal, India

Date of Birth/Age :

23.09.1964

Date of Appointment :

30.05.2006

PAN No.:

AFOP2771D

DIN No.:

01149220

KEY EXECUTIVES

Name :	Mr. Sanjay Singh
Designation :	Senior Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Mohammed Khalique	2500
Shahid Mohammed	52500
Danish Mohammed	62500
Yasmin Khalique	2500
Nazish Mohammed	60000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Bodies corporate	61.59
Directors or relatives of Directors	31.86
Other top fifty shareholders	6.55
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Ayurvedic Hair Oil, Ayurvedic Herbal Hair Oil, Ayurvedic Talcum Powder, Tulsi Thanda Oil, Ayurvedic Mehandi (Heena)
Products :	· Antiseptic Lotion · Ayurvedic Anti Dandruff Shampoo · Ayurvedic Hair Oil · Ayurvedic Mehandi (Heena) · Ayurvedic Skin Lotion · Ayurvedic Talcum Powder · Jasmine Coconut Oil · Lal Dant Manjan · Nimbus Lite Hair Oil · Tulsi Thanda Oil
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	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
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

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

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 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

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Vehicle Loan From Bank
HDFC Bank (Secured by hypothecation of Vehicle)	1.408	3.316
Less: Current maturities	(1.112)	(0.904)
Total	0.296	2.412

Auditors :
Name :	Agrawal Singhania and Company Chartered Accountants
Address :	4 Fairlie Place, 4th Floor, Kolkata-700001, West Bengal, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAFFA1942E
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
600,000	Equity Shares	Rs.10/- each	Rs. 6.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
565,000	Equity Shares	Rs.10/- each	Rs. 5.650 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	5.650	5.650	5.650
(b) Reserves & Surplus	23.269	23.231	24.854
(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)	28.919	28.881	30.504
(3) Non-Current Liabilities
(a) long-term borrowings	0.296	2.412	0.000
(b) Deferred tax liabilities (Net)	0.051	0.040	0.008
(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)	0.347	2.452	0.008
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	1.641	0.828	0.574
(c) Other current liabilities	1.185	0.167	0.619
(d) Short-term provisions	0.150	0.000	0.000
Total Current Liabilities (4)	2.976	0.995	1.193
TOTAL	32.242	32.328	31.705
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	10.485	11.017	8.493
(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	0.630	0.630	0.630
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.464	0.379	0.327
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	11.579	12.026	9.450
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	5.915	4.356	4.712
(c) Trade receivables	1.553	1.814	1.502
(d) Cash and cash equivalents	13.094	14.077	15.987
(e) Short-term loans and advances	0.101	0.055	0.054
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	20.663	20.302	22.255
TOTAL	32.242	32.328	31.705

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	4.967	4.149	2.676
		Other Income	0.162	0.001	0.007
		TOTAL	5.129	4.150	2.683
Less	EXPENSES
		TOTAL	4.930	5.741	3.797
	PROFIT/ (LOSS) BEFORE TAX		0.199	(1.591)	(1.114)
Less	TAX (H)		0.161	0.032	(0.008)
	PROFIT/ (LOSS) AFTER TAX		0.038	(1.623)	(1.106)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1.031	2.654	3.760
	BALANCE CARRIED TO THE B/S		1.069	1.031	2.654
	Earnings Per Share (Rs.)		0.07	(2.87)	(1.96)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	1.112	0.000	0.000
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.77	(39.12	(41.33)
Return on Total Assets (PBT/Total Assets}	(%)	0.63	(5.02)	(3.58)
Return on Investment (ROI) (PBT/Networth)		0.01	(0.06)	(0.04)
Debt Equity Ratio (Total Debt /Networth)		0.05	0.08	0.00
Current Ratio (Current Asset/Current Liability)		6.94	20.40	18.65

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	5.650	5.650	5.650
Reserves & Surplus	24.854	23.231	23.269
Net worth	30.504	28.881	28.919
long-term borrowings	0.000	2.412	0.296
Short term borrowings	0.000	0.000	0.000
Current maturities of long-term debts	0.000	0.000	1.112
Total borrowings	0.000	2.412	1.408
Debt/Equity ratio	0.000	0.084	0.049

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	2.676	4.149	4.967
		55.045	19.716

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	2.676	4.149	4.967
Profit	(1.106)	(1.623)	0.038
	(41.33%)	(39.12%)	0.77%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from 14 C R Avenue, Kolkata- 700072, West Bengal, India to, the present address w.e.f. 01.04.2009

INDEX OF CHARGES NO CHARGES EXIST FOR COMPANY 

FIXED ASSETS

• Land and Building
• Plant and Equipment
• Vehicles
• Computers

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.63.75
UK Pound	1	Rs.100.12
Euro	1	Rs.71.20

INFORMATION DETAILS

Information Gathered by :	MNJ
Analysis Done by :	DIV
Report Prepared by :	JYTK

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	3
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	3
--RESERVES	1~10	5
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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.