MIRA INFORM REPORT

Report No. :	324467
Report Date :	22.07.2015

IDENTIFICATION DETAILS

Name :	RUDRA ENTERPRISES
Registered Office :	Shop No.7, Plot No.26, Lalwani Tower, Hamidia Road, Bhopal – 462001, Madhya Pradesh
Mobile No.:	91-7554056856 (Mr. Manish)
Country :	India
Financials (as on) :	31.03.2014
Year of Establishment :	2007
Capital Investment :	Rs. 1.665 Million
TIN No.:	23073706006
PAN No.: [Permanent Account No.]	APFPD8533H
Legal Form :	Sole Proprietary Concern
Line of Business :	Dealer of Pharmaceutical Products.
No. of Employees :	10 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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 a proprietorship concern established in the year 2007, having satisfactory track record. Mr. Manish (Accounts Department) has provided all information about the subject to us. As per available financial of FY14, concern has achieved fair profit margin. Overall financial condition of the concern is decent. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The concern can be considered for business dealings with 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 – 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

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 PARTED BY

Name :	Mr. Manish
Designation :	Accounts Department
Contact No.:	91-7554056856
Date :	11.06.2015

LOCATIONS

Registered Office :	Shop No.7, Plot No.26, Lalwani Tower, Hamidia Road, Bhopal – 462001, Madhya Pradesh, India
Tel. No.:	Not Available
Mobile No.:	91-7554056856 (Mr. Manish)
Fax No.:	Not Available
E-Mail :	rudraenterprisesbhopal@gmail.com
Area :	300 Sq. ft.
Location :	Owned
Warehouse 1 :	Shop No. F21, Vardhaman Plaza, Hamidia Road, Bhopal – 462001, Madhya Pradesh, India
Area :	350 Sq. ft.
Location :	Owned
Warehouse 2 :	M-9, Lalwani Tower, Hamidia Road, Bhopal – 462001, Madhya Pradesh, India
Area :	350 Sq. ft.
Location :	Owned

SOLE PROPRIETOR

Name :	Mrs. Poonam Dwivedi
Designation :	Proprietor
Date of Birth/Age :	05.04.1981
Qualification :	B. Pharmacy
Experience :	10 Years
PAN No.:	APFPD8533H

KEY EXECUTIVES

Name :	Mr. Manish
Designation :	Accounts Department

BUSINESS DETAILS

Line of Business :	Dealer of Pharmaceutical Products.
Brand Names :	--
Agencies Held :	--
Exports :
Products :	--
Countries :	--
Imports :
Products :	--
Countries :	--
Terms :
Selling :	Cash and Cheque
Purchasing :	Cash and Cheque

GENERAL INFORMATION

Suppliers :

Reference:	Hydro Healthcare
Name of the Person (Designation):	Mr. Manoj (Business Manager)
Contact Number:	91-9329607888
Since how long known:	10 Years
Maximum limit dealt:	Rs. 0.500 Million (Per Month)
Experience:	Payment Behaviour = Excellent Market Goodwill = Excellent Overall = Excellent
Remark	Mr. Manoj (Business Manager) confirmed that the overall performance of the company is excellent in payment behaviour and market goodwill.

Customers :

Others

Reference:	Jawaharlal Nehru Cancer Hospital and Research Centre
Name of the Person (Designation):	Mr. Rahul (Purchase Department)
Contact Number:	91-755-2666965
Since how long known:	10 Years
Maximum limit dealt:	Rs. 2.500 Million (Monthly)
Experience:	Payment Behaviour = Good Market Goodwill = Good Overall = Good
Remark	Mr. Rahul (Purchase Department) confirmed that the product quality and delivery behaviour is very good and overall performance is excellent.

No. of Employees :

10 (Approximately)

Bankers :

Bank Name:	Yes Bank Limited
Branch:	M.P. Nagar, Bhopal, Madhya Pradesh, India
Person Name (with Designation):	Mr. Deepak (Relationship Manager)
Contact Number:	91-9752042388
Name of Account Holder:	Rudra Enterprises
Account Number:	0119846000114
Account Since (Date/ Year of A/c Opening):	5 Years
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Cash Credit = Rs. 8.000 Million
Account Operation:	Satisfactory
Remarks: Mr. Deepak (Relationship Manager) confirmed that the subject company have satisfactory track record with Banker.

· Bank of India

· Andhra Bank

Facilities

SECURED LOANS	31.03.2014 (Rs. In Million)
Yes Bank Limited	4.922
Total	4.922

Auditors :
Name :	Ayachit Associates Chartered Accountants
Address :	Bhopal, Madhya Pradesh, India
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

PROPRIETOR CAPITAL ACCOUNT AS ON 31.03.2014

(RS. IN MILLION)

PARTICULARS	AMOUNT IN MILLION
Opening Balance as on 01.04.2013	1.246
Add: Net Profit during the year	1.119
Total	2.365
Less: Drawings	0.700
BALANCE	1.665

FINANCIAL DATA

[all figures are in Rupees Million]

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2014	31.03.2013	31.03.2012
SHAREHOLDERS FUNDS
1] Proprietor Capital		1.665	1.246	1.669
2] Share Application Money		0.000	0.000	0.000
3] Profit and Loss Account		0.000	0.000	0.000
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1.665	1.246	1.669
LOAN FUNDS
1] Secured Loans		4.922	0.000	0.000
2] Unsecured Loans		0.200	0.000	0.000
TOTAL BORROWING		5.122	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		6.787	1.246	1.669
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.044	0.063	0.013
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.470	0.148	0.300
	Sundry Debtors	0.000	1.309	0.000
	Cash & Bank Balances	0.000	0.883	2.970
	Other Current Assets [Deposits]	0.000	0.525	0.175
	Loans & Advances	16.190	0.000	0.000
Total Current Assets		16.660	2.865	3.445
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	9.764	1.593	1.538
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	0.153	0.089	0.251
Total Current Liabilities		9.917	1.682	1.789
Net Current Assets		6.743	1.183	1.656
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		6.787	1.246	1.669

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	94.859	93.209	60.157
		Other Income	0.047	0.000	0.225
		TOTAL	94.906	93.209	60.382
Less	EXPENSES
		Cost of Goods sold	91.266	87.977	57.641
		Direct Expenses	--	3.009	--
		Entry Tax	0.249	0.000	0.142
		Freight and Cartage	0.035	0.000	0.025
		VAT Tax	0.562	0.000	0.940
		Bank Charges	0.372	0.004	0.004
		Conveyance Expenses	0.077	0.072	0.049
		Office Expenses	0.089	0.000	0.000
		Rent Expenses	0.120	0.120	0.072
		Salary Expenses	0.860	0.720	0.456
		Telephone Expenses	0.059	0.052	0.038
		Other Expenses	0.079	0.154	0.169
		TOTAL	93.768	92.108	59.536
	PROFIT BEFORE DEPRECIATION AND AMORTISATION		1.138	1.101	0.846
Less/ Add	DEPRECIATION/ AMORTISATION		0.019	0.042	0.001
	NET PROFIT		1.119	1.059	0.845

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	1.18	1.14	1.40
Return on Total Assets (PBT/Total Assets}	(%)	6.70	36.17	24.44
Return on Investment (ROI) (PBT/Networth)		0.67	0.85	0.51
Debt Equity Ratio (Total Liability/Networth)		3.08	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.68	1.70	1.93

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particulars	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Proprietor Capital	1.669	1.246	1.665
Profit and loss Account	0.000	0.000	0.000
Net worth	1.669	1.246	1.665
Secured Loans	0.000	0.000	4.922
Unsecured Loans	0.000	0.000	0.200
Total borrowings	0.000	0.000	5.122
Debt/Equity ratio	0.000	0.000	3.076

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	60.157	93.209	94.859
		54.943	1.770

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	60.157	93.209	94.859
Net Profit	0.845	1.059	1.119
	1.40%	1.14%	1.18%

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	Yes
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	Yes
17	Details of sister concerns	No
18	Major suppliers	Yes
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	Yes
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	No
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

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UNSECURED LOANS

(RS. IN MILLION)

PARTICULARS	31.03.2014
Shiv Singh Parihar	0.200
Total	0.200

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NETWORTH STATEMENT

MRS. POONAM DWIVEDI

(RS. IN MILLION)

SR. NO.	PARTICULARS	MARKET VALUE
	ASSETS
1	A-2, Elixer Green Jail Road, Karond, Bhopal	3.500
2	Plot No. M-3, Elixer Green Jail Road, Karond, Bhopal	1.900
3	Plot No. M-4, Elixer Green Jail Road, Karond, Bhopal	1.900
4	H. No. 25, Comfort Jail Road, Bypass, Karond, Bhopal	6.000
	LIABILITIES
	Housing Loan
1	Central M.P. Gramin Bank	1.800
	NETWORTH	11.500

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COMPANY PROFILE

Their Drug license no. is 20B/45/28/SKS/28/2010, 21B/46/28/SKS/28/2010.

TIN No.: 23073706006. Their firm came in existence in 2007.

They work in all Government and corporate Hospitals in Bhopal and surroundings like Hamidia Hospital, Sultania Zanana Hospital, Bhopal Memorial Hospital and Research Centre, Jawaharlal Nehru Cancer Hospital, Kasturba Hospital, Chirayu Hospital etc.

They have efficient working staff for the supply and other official works of their organization.

They are presently associated with reputed companies like Edwards Life sciences India Private Limited, Life Line Systems Private limited, Fresenius Kabi India Private Limited, Panacea Biotec Limited, Hetero Healthcare Limited, Baxter India Private Limited, Nipro India Corporation Limited, TTK Healthcare Limited, MCO Hospital Aids Private Limited, Wyeth Limited, Neon Labs, Maquet India Private Limited, Novartis India Limited, Covidien Healthcare Limited, Roche Products (India) Private Limited, Merck Specialties etc.

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FIXED ASSETS

· Furniture

· Mobile

· Computer

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. 63.65
UK Pound	1	Rs. 99.14
Euro	1	Rs. 68.91

INFORMATION DETAILS

Information Gathered by :	MAN
Analysis Done by :	KIN
Report Prepared by :	BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	4
--RESERVES	1~10	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		42

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.