MIRA INFORM REPORT

Report No. :	324379
Report Date :	01.06.2015

IDENTIFICATION DETAILS

Name :	AMA HERBAL LABORATORIES PRIVATE LIMITED
Registered Office :	352/116-G, Talkatora Road, P.O. Rajaji Puram, Lucknow – 226017, Uttar Pradesh
Tel. No.:	91-522-2661684
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	28.11.1995
Com. Reg. No.:	20-019075
Capital Investment / Paid-up Capital :	Rs.8.600 Million
CIN No.: [Company Identification No.]	U24232UP1995PTC019075
IEC No.:	0695005553
TAN No.: [Tax Deduction & Collection Account No.]	LKNA06636A
PAN No.: [Permanent Account No.]	AACCA8040K
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Exporter and Importer of Natural Dyes for Textile and Hair.
No. of Employees :	200 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 74000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is established company and it is having satisfactory track record. It is engaged in research and development on natural and herbal products and their commercialization. The company have perform above an average in its operation during the year 2014 and reported the profitability margin of 5.45% backed by its decent networth position. The assigned rating take into account established track record of promoters and its diversified area of business. However, trade relation are reported to be fair. Payments are reported to be usually correct. In view of decent operational base backed by its experienced promoters, the company 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 DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ 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 (GENERAL DETAILS)

Name :	Mr. Harish
Designation :	Accounts Department
Contact No.:	91-9919800118
Date :	28.05.2015

LOCATIONS

Registered Office/ Factory :	352/116-G, Talkatora Road, P.O. Rajaji Puram, Lucknow – 226017, Uttar Pradesh, India
Tel. No.:	91-522-2661684 / 2661610
Mobile No.:	91-9919800118 (Mr. Harish)
Fax No.:	91-522-2661713
E-Mail :	rchola_ca@yahoo.com harish@amaherbal.in contact@amaherbal.com amaherbal@yahoo.com
Website :	http://www.amaherbal.com
Area :	19000 sq. ft.
Location :	Owned

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Yawer Ali Shah

Designation :

Director

Address :

352/116-G, Talkatora Road, P.O. Rajajipuram, Lucknow – 226017, Uttar Pradesh, India

Date of Birth/Age :

14.07.1969

Qualification :

B. Tech

Date of Appointment :

28.11.1995

DIN No.:

01109621

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	U24232UP1995PTC019075	AMA HERBAL LABORATORIES PRIVATE LIMITED	Director	28/11/1995	28/11/1995	Active	NO
2	U33111UP2014PTC065612	VEGETAL BIOACTIVES PRIVATE LIMITED	Director	22/08/2014	22/08/2014	Active	NO
3	U74120UP2014PTC065613	VEGETAL eCOM PRIVATE LIMITED	Director	22/08/2014	22/08/2014	Active	NO
4	U74120UP2014PTC065628	VEGETAL WELLNESS PRIVATE LIMITED	Director	22/08/2014	22/08/2014	Active	NO
5	U74120UP2014NPL067282	IAR CHARITABLES FOUNDATION	Director	26/11/2014	26/11/2014	Active	NO

Name :

Mr. Masood Ahmad Zaidi

Designation :

Director

Address :

3/175, Vivek Khand, Gomti Nagar, Lucknow – 226016, Uttar Pradesh, India

Date of Birth/Age :

19.09.1959

Qualification :

B. Com

Date of Appointment :

28.11.1995

DIN No.:

01238981

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	U24232UP1995PTC019075	AMA HERBAL LABORATORIES PRIVATE LIMITED	Director	28/11/1995	28/11/1995	Active	NO
2	U85100UP2009PTC039040	AMA MEDICAL AND DIAGNOSTIC CENTRE PRIVATE LIMITED	Director	22/12/2009	22/12/2009	Active	NO
3	U33111UP2014PTC065612	VEGETAL BIOACTIVES PRIVATE LIMITED	Director	22/08/2014	22/08/2014	Active	NO
4	U74120UP2014PTC065613	VEGETAL eCOM PRIVATE LIMITED	Director	22/08/2014	22/08/2014	Active	NO
5	U74120UP2014NPL067282	IAR CHARITABLES FOUNDATION	Director	26/11/2014	26/11/2014	Active	NO

Name :

Mr. Jabeen Masood

Designation :

Director

Address :

3/284, Vivek Khand, Gomti Nagar, Lucknow – 226016, Uttar Pradesh, India

Date of Birth/Age :

13.12.1966

Qualification :

B.A, LLB

Date of Appointment :

28.11.1995

DIN No.:

01239036

Name :

Mr. Shabana Shah

Designation :

Director

Address :

C-3/231, Vipul Khand, Gomti Nagar, Lucknow – 226010, Uttar Pradesh, India

Date of Birth/Age :

29.09.1977

Date of Appointment :

13.05.2013

DIN No.:

06580620

KEY EXECUTIVES

Name :	Mr. Harish
Designation :	Accounts Department

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares	% of Holding
Masood Ahmad Zaidi	324000	37.67
Jabeen Masood	90000	10.47
Yawer Ali Shah	324000	37.67
Arshad Ahmad Zaidi	13500	1.57
Shabana Shah	103500	12.03
Bharat Trading Corporation	5000	0.58
Total	860000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter and Importer of Natural Dyes for Textile and Hair.
Products :	Natural Dyes for Textile and Hair
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :
Products :	Natural Dyes for Textile and Hair
Countries :	USA Turkey Italy Switzerland Greece Japan Korea Dubai Pakistan Taiwan China
Imports :
Products :	Herbs Shrubs Natural Raw Materials
Countries :	Iran West Indies
Terms :
Selling :	Cash
Purchasing :	Cash

PRODUCTION STATUS AS ON 31.03.2014

Product	Installed Capacity
Extract form of natural dyes and auxiliaries for textile and coloring purpose	84000 Kg / Year
Ayurvedic medicines for derma and wellness industries	125000 Packs / Year
Colour Powder for sports	400000 Kg / Year

GENERAL INFORMATION

Suppliers :

Company Name :	Arvind Mill Limited – Ahmedabad
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 :

Company Name :	Sharda Container Private Limited – Noida
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 :

200 (Approximately)

Bankers :

Banker Name :	The Bombay Mercantile Bank Limited
Branch :	18, Qaisar Bagh, Lucknow – 226001, Uttar 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 :	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan) :	Not Divulged
Account Operation :	Not Divulged
Remark :	Not Divulged

· State Bank of India, 5^th Floor Zonal Office, 24 M G Marg, Hazratganj, Lucknow – 226001, Uttar Pradesh, India

· HDFC Bank Limited

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
Long Term Borrowings
From Banks
HDFC Bank, Car loan A/c	0.000	0.057
SBI, Car loan A/c	0.750	0.985
HDFC Bank, Car loan A/c	0.300	0.000
From others
TATA Capital Business Loan	0.001	0.821
Short Term Borrowings
Loans repayable on demand
From Bombay Mercantile Co-operative Bank Limited	5.686	0.075
Total	6.737	1.938

Auditors :
Name :	Chola and Associates Chartered Accountants
Address :	Third Floor, Tribeni House, 1, Newal Kishore Road, Hazratganj, Lucknow – 226001, Uttar Pradesh, India
PAN No.:	AAIFC1521C
Memberships :	Not Divulged
Collaborators :	Not Divulged
Firms in which the directors are partners / proprietors :	AHL Agencies

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital:

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
860000	Equity Shares	Rs.10/- each	Rs.8.600 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	8.600	8.600	8.600
(b) Reserves & Surplus	17.202	9.596	6.255
(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)	25.802	18.196	14.855
(3) Non-Current Liabilities
(a) long-term borrowings	1.051	1.863	2.781
(b) Deferred tax liabilities (Net)	0.132	0.011	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)	1.183	1.874	2.781
(4) Current Liabilities
(a) Short term borrowings	5.686	0.075	6.920
(b) Trade payables	8.811	2.593	3.223
(c) Other current liabilities	0.000	0.000	0.000
(d) Short-term provisions	5.959	2.776	2.159
Total Current Liabilities (4)	20.456	5.444	12.302
TOTAL	47.441	25.514	29.938
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	18.045	9.677	9.200
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.243	0.243
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.193	0.193	0.193
(c) Deferred tax assets (net)	0.000	0.000	0.034
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	18.238	10.113	9.670
(2) Current assets
(a) Current investments	1.115	0.000	0.000
(b) Inventories	5.446	10.191	11.699
(c) Trade receivables	13.620	1.530	6.290
(d) Cash and cash equivalents	1.424	1.536	1.050
(e) Short-term loans and advances	7.277	1.925	1.209
(f) Other current assets	0.321	0.219	0.020
Total Current Assets	29.203	15.401	20.268
TOTAL	47.441	25.514	29.938

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income			40.410
		Other Income			0.146
		TOTAL (A)	139.382	61.990	40.556
Less	EXPENSES
		Cost of Materials Consumed			17.504
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade			(4.590)
		Employee Benefits Expenses			6.327
		Other Expenses			11.046
		Selling & Distribution Expenses			4.329
		TOTAL (B)	127.921	56.700	34.616
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)				5.940
Less	FINANCIAL EXPENSES (D)				1.435
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)				4.505
Less	DEPRECIATION/ AMORTISATION (F)				1.152
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		11.461	5.290	3.353
Less	TAX (H)		3.855	1.949	1.036
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		7.606	3.341	2.317
	Earnings Per Share (Rs.)		8.84	3.89	23.17

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

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

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	NA	NA	5.73
Operating Profit Margin (PBDIT/Sales)	(%)	NA	NA	14.70
Return on Total Assets (PBT/Total Assets)	(%)	24.26	21.09	11.38
Return on Investment (ROI) (PBT/Networth)		0.44	0.29	0.23
Debt Equity Ratio (Total Debt /Networth)		0.26	0.11	0.65
Current Ratio (Current Asset/Current Liability)		1.43	2.83	1.65

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	8.600	8.600	8.600
Reserves & Surplus	6.255	9.596	17.202
Net worth	14.855	18.196	25.802
long-term borrowings	2.781	1.863	1.051
Short term borrowings	6.920	0.075	5.686
Total borrowings	9.701	1.938	6.737
Debt/Equity ratio	0.653	0.107	0.261

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
Total Income	40.556	61.990	139.382
		52.850	124.846

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Total Income	40.556	61.990	139.382
Profit	2.317	3.341	7.606
	5.71%	5.39%	5.46%

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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	Yes
19	Major customers	Yes
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

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10517031	17/09/2014 *	20,000,000.00	HDFC Bank Limited	HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India	C21200894
2	10321661	17/11/2011	1,250,000.00	State Bank of India	5^th Floor Zonal Office, 24 M G Marg, Hazratganj, Lucknow, Uttar Pradesh - 226001, India	B27147768

*Date of modification Charges

FIXED ASSETS:

· Land

· Air Conditioner

· Building

· Car

· Scooter

· Computer

· Cycle

· Electrical Fittings

· Fax Machines

· Furniture and Fixtures

· Lab Equipments

· Mobile Phones

· Plant and Machinery

· Rickshaw

· Pulverizier Machine

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.97.80
Euro	1	Rs.69.91

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	KAS
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	6
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.