MIRA INFORM REPORT

Report No. :	324370
Report Date :	01.06.2015

IDENTIFICATION DETAILS

Name :	ALEXA BIO TECH PRIVATE LIMITED
Registered Office :	SCO 864, 1^st Floor, Cabin No. 9-10, Manimajra Chandigarh - 160001
Mobile No.:	91-9876142685
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	25.11.2009
Com. Reg. No.:	53-031889
Capital Investment / Paid-up Capital :	Rs. 20.000 Million
CIN No.: [Company Identification No.]	U24232CH2009PTC031889
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	PTLA13738E
PAN No.: [Permanent Account No.]	AAICA1079Q
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Supplier of Botanical Extracts and Phytochemicals.
No. of Employees :	20 (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 70000
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. The company has incurred a loss from its operation. External borrowings of the company also seems to be huge during 2014. However, 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 – 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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Rakesh Kumar
Designation :	Director
Contact No.:	91-9876142685
Date :	26.05.2015

LOCATIONS

Registered Office :	SCO 864, 1^st Floor, Cabin No. 9-10, Manimajra Chandigarh - 160001, India
Tel. No.:	Not Available
Mobile No.:	91-9876142685 (Mr. Rakesh)
Fax No.:	Not Available
E-Mail :	info@alexabiotech.com
Website :	http://www.alexabiotech.com
Corporate Office:	Plot No. 377, Phase - 1, Industrial Area, Panchkula - 134109, Haryana, India
Factory :	Village Malku Majra, Telsil Baddi, Solan - 173205, Himachal Pradesh, India

DIRECTORS

As on 30.09.2014

Name :

Mr. Rakesh Kumar

Designation :

Director

Address :

Dirba, Sangrur - 148035, Punjab, India

Date of Birth/Age :

11.04.1971

Date of Appointment :

25.11.2009

DIN No.:

02800293

Name :

Mr. Sandeep Kumar

Designation :

Director

Address :

Jakhal Road, Patran, Tehsil Samana, Patiala - 147105, Punjab, India

Date of Birth/Age :

10.05.1987

Date of Appointment :

16.05.2010

DIN No.:

03072994

Name :

Mr. Om Parkash Singla

Designation :

Director

Address :

Jakhal Road, Patran, Tehsil Samana, Patiala - 147105, Punjab, India

Date of Birth/Age :

19.04.1959

Date of Appointment :

25.11.2009

DIN No.:

01711038

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	U15311PB1997PTC020007	BANSAL AGRO PRODUCTS PRIVATE LIMITED	Director	01/08/2003	01/08/2003	01/11/2012	Active	NO
2	U24232CH2009PTC031889	ALEXA BIO TECH PRIVATE LIMITED	Director	25/11/2009	25/11/2009	-	Active	NO

Name :

Mr. Tej Pal Gupta

Designation :

Director

Address :

House No. 234, Sector 21, Panchkula - 134109, Haryana, India

Date of Birth/Age :

10.03.1956

Date of Appointment :

16.08.2014

DIN No.:

01051107

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	U28999PB2003PLC026244	PEE KAY SCAFFOLDINGS AND SHUTTERINGS LIMITED	Whole-time director	01/04/2007	01/08/2003	-	Active	NO
2	U70100PB2004PTC027381	PATIALA DEVELOPERS PRIVATE LIMITED	Director	29/07/2005	29/07/2005	05/08/2010	Active	NO
3	U24232CH2009PTC031889	ALEXA BIO TECH PRIVATE LIMITED	Director	16/08/2014	16/08/2014	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Om Parkash Singla	485000	24.25
Rakesh Kumar	1270000	63.50
Sandeep Kumar	245000	12.25
Total	2000000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and supplier of Botanical Extracts and Phytochemicals.
Products :	Botanical Extracts Phytochemicals
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

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 :

End Users

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 :

20 (Approximately) )

Bankers :

Bank Name	Bank of India
Branch	Sai Road, Baddi, Himachal Pradesh, 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

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
(Secured against hypothecation of building, machinery and all fixed assets)	37.536	39.385
(Secured against hypothecation of stock and receivables)	22.153	17.458
Total	59.680	56.843

Auditors :
Name :	Bishnoi and Associates Chartered Accountants
Address :	3448, Sector 46, Chandigarh - 160047, India
Tel. No.:	91-172-2633448
Mobile No.:	91-9815420404
Fax No.:	Not Available
E-Mail :	ksboffice@yahoo.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAGFB6685A
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

After 30.09.2014

Authorised Capital : Rs. 48.000 Million

Issued, Subscribed & Paid-up Capital : Rs. 48.000 Million

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
4,800,000	Equity Shares	Rs.10/- each	Rs. 48.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2,000,000	Equity Shares	Rs.10/- each	Rs. 20.000 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	20.000	20.000	10.000
(b) Reserves & Surplus	(13.861)	(5.633)	(5.435)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	18.403	18.403	19.118
Total Shareholders’ Funds (1) + (2)	24.542	32.770	23.683
(3) Non-Current Liabilities
(a) long-term borrowings	73.868	68.404	59.269
(b) Deferred tax liabilities (Net)	0.003	0.003	0.003
(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)	73.871	68.407	59.272
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.595	1.392	3.358
(c) Other current liabilities	0.327	0.262	0.077
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	0.922	1.654	3.435
TOTAL	99.335	102.831	86.390
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	77.277	88.227	81.193
(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	1.537	1.526	1.526
(e) Other Non-current assets
Total Non-Current Assets	78.814	89.753	82.719
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	12.789	9.844	1.906
(c) Trade receivables	0.203	0.000	0.000
(d) Cash and cash equivalents	0.483	0.097	0.056
(e) Short-term loans and advances	7.046	3.137	1.709
(f) Other current assets
Total Current Assets	20.521	13.078	3.671
TOTAL	99.335	102.831	86.390

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014
	SALES
	Income	30.390
	Other Income	0.071
	TOTAL	30.461
Less	EXPENSES
	Cost of Materials Consumed	12.096
	Purchases of Stock-in-Trade	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(1.529)
	Employees benefits expense	3.829
	Other expenses	3.857
	TOTAL	18.253
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	12.208
Less	FINANCIAL EXPENSES	9.388
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	2.820
Less/ Add	DEPRECIATION/ AMORTISATION	11.612
	PROFIT/ (LOSS) BEFORE TAX	(8.792)
	TAX	0.000
	PROFIT/ (LOSS) AFTER TAX	(8.792)
	Earnings / (Loss) Per Share (Rs.)	(4.40)

Particulars	31.03.2015
Sales Turnover (Approximately)	10.000

The above information has been parted by Mr. Rakesh Kumar.

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	N.A	N.A	N.A
Cash generated from operations	N.A	N.A	N.A

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(28.93)	N.A	N.A
Operating Profit Margin (PBIDT/Sales)	(%)	40.17	N.A	N.A
Return on Total Assets (PBT/Total Assets}	(%)	(39.86)	N.A	N.A
Return on Investment (ROI) (PBT/Networth)		(0.36)	N.A	N.A
Debt Equity Ratio (Total Debt /Networth)		3.01	2.09	2.50
Current Ratio (Current Asset/Current Liability)		22.26	7.91	1.07

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	10.000	20.000	20.000
Reserves & Surplus	(95.435)	(5.633)	(13.861)
Share Application money pending allotment	19.118	18.403	18.403
Net worth	23.683	32.770	24.542
long-term borrowings	59.269	68.404	73.868
Short term borrowings	0.000	0.000	0.000
Total borrowings	59.269	68.404	73.868
Debt/Equity ratio	2.503	2.087	3.010

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	No
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	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

Particular	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Term Loan	14.179	11.561
Total	14.179	11.561

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10239148	19/08/2014 *	72,227,000.00	BANK OF INDIA	SAI ROAD, BADDI, Himachal Pradesh - 173205, INDIA	C19218403

FIXED ASSETS

• Land building
• Computer
• Furniture
• Electric equipment
• Fan
• Generator
• Machinery
• Tube well
• Air Conditioner
• Biolar
• Refrigerator

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.63.76
UK Pound	1	Rs.97.79
Euro	1	Rs.69.90

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	RSH
Report Prepared by :	RKI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
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	2
--RESERVES	1~10	2
--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	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.