MIRA INFORM REPORT

Report No. :	323009
Report Date :	02.06.2015

IDENTIFICATION DETAILS

Name :	LA GRANDE PRIVATE LIMITED
Registered Office :	G-40/2, Lawrance Road, Industrial Area, Delhi - 110035
Tel. No.:	91-11-27188053
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	04.08.1982
Com. Reg. No.:	55-014139
Capital Investment / Paid-up Capital :	Rs.2.000 Million
CIN No.: [Company Identification No.]	U74899DL1982PTC014139
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, Exporter and Trader of Nutraceuticals, Herbal Ayurvedic Products.
No. of Employees :	20 (Approximately)

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 6900
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Management has reported loss of Rs.0.126 Million during financial year 2014. The rating takes into consideration, company’s moderate financial risk profile marked by low profitability levels and huge external borrowing taken by the company, which acts as threatening to liquidity position of the company. However, trade relations are reported to be fair. Business is active. Payment terms are reported to be slow. The concern can be considered for business dealings with some cautions.

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. Ankur Gupta
Designation :	Director
Contact No.:	91-11-27188053
Date :	16.05.2015

LOCATIONS

Registered Office :	G 40/2, Lawrence Road, Industrial Area, Delhi 110035, India
Tel. No.:	91-11-27188053/47034821
Mobile No.:	91-11-27188053 (Mr. Ankur Gupta)
Fax No.:	91-11-27188053
E-Mail :	gs_goelco@yahoo.com
Website :	http://www.nutraceuticals.ne http://www.nutraceuticals.com

DIRECTORS

As on 30.09.2014

Name :	Mrs. Geeta Gupta
Designation :	Director
Address :	20/21, Shakti Nagar, Delhi – 110007, India
Date of Birth/Age :	04.10.1956
Date of Appointment :	04.08.1982
DIN No.:	00446714
Name :	Mr. Bimal Gupta
Designation :	Director
Address :	20/21, Shakti Nagar, Delhi – 110007, India
Date of Birth/Age :	02.09.1952
Date of Appointment :	04.08.1982
DIN No.:	00446746
Name :	Mr. Chetan Gupta
Designation :	Director
Address :	20/21, Shakti Nagar, Delhi – 110007, India
Date of Birth/Age :	31.07.1975
Date of Appointment :	01.01.1995
DIN No.:	00446765
Name :	Mr. Ankur Gupta
Designation :	Director
Address :	20/21, Shakti Nagar, Delhi – 110007, India
Date of Birth/Age :	04.04.1977
Date of Appointment :	01.01.1997
DIN No.:	00446779

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Bimal Kumar Gupta	1610	80.50
Geeta Gupta	250	12.50
Ankur Gupta	35	1.75
Chetan Gupta	45	2.25
Karuna Gupta	60	3.00
Total	2000	100.00

As on 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter and Trader of Nutraceuticals, Herbal Ayurvedic Products.
Products :	Nutraceuticals Ayurvedic Products Food Supplements Special Products Capsule Range Syrups
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Finished Goods
Countries :	Nepal Shrilanka
Imports :	Not Divulged
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Ashoka Bottle Supplying Co.
Name of the Person :	Delhi, India
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Wholesalers and Retailers

Reference :	Medi Pharma
Name of the Person :	Nagpur, Maharashtra, India
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	State Bank of India
Branch	Lawrence Road, Delhi, 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
Auto Loan
HDFC Bank	0.375	0.466
Total	0.375	0.466

Auditors :

Name :

G.S Goel and Company

Chartered Accountants

Address :

20/18, Shakti Nagar, New Delhi – 110007, India

PAN N Income-tax PAN of auditor or auditor's firm :

AACFG8405D

Memberships :

Not Available

Collaborators :

Not Available

Sister Concern:

• Medi Veda

Related Party:

• LA Grande Herbs and Pharma Private Limited

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
3000	Equity Shares	Rs.1000/- each	Rs.3.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2000	Equity Shares	Rs.1000/- each	Rs.2.000 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	2.000	2.000	2.000
(b) Reserves & Surplus	0.431	0.558	0.548
(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)	2.431	2.558	2.548
(3) Non-Current Liabilities
(a) long-term borrowings	18.949	20.427	24.966
(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	0.000	0.000	0.000
Total Non-current Liabilities (3)	18.949	20.427	24.966
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	3.073	2.722	0.665
(c) Other current liabilities	3.429	4.226	0.348
(d) Short-term provisions	0.020	0.020	0.021
Total Current Liabilities (4)	6.522	6.968	1.034
TOTAL	27.902	29.953	28.548
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.203	1.463	1.374
(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	4.890	4.890	4.903
(c) Deferred tax assets (net)	0.067	0.060	0.049
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.001
Total Non-Current Assets	6.160	6.413	6.327
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	11.673	11.731	9.803
(c) Trade receivables	4.965	7.185	4.027
(d) Cash and cash equivalents	0.877	2.106	1.000
(e) Short-term loans and advances	4.071	2.430	7.345
(f) Other current assets	0.156	0.088	0.046
Total Current Assets	21.742	23.540	22.221
TOTAL	27.902	29.953	28.548

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	23.250	23.364	31.477
	Other Income	0.364	0.044	0.073
	TOTAL	23.614	23.408	31.550
Less	EXPENSES
	Cost of Materials Consumed	19.528	18.523	26.850
	Purchases of Stock-in-Trade	0.000	0.000	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	0.000	0.000	0.000
	Other Manufacturing Expenses	0.248	0.309	0.424
	Employees benefits expense	0.378	0.488	0.550
	Other expenses	0.585	0.899	0.754
	TOTAL	20.739	20.219	28.578
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	2.875	3.189	2.972
Less	FINANCIAL EXPENSES	2.729	2.850	2.853
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.146	0.339	0.119
Less	DEPRECIATION/ AMORTISATION	0.259	0.320	0.176
	PROFIT/ (LOSS) BEFORE TAX	(0.113)	0.019	(0.057)
Less	TAX	0.013	0.009	(0.018)
	PROFIT/ (LOSS) AFTER TAX	(0.126)	0.010	(0.039)
	Earnings / (Loss) Per Share (Rs.)	(63.21)	5.02	(19.96)

Particulars	31.03.2015
Sales Turnover (Approximately)	20.000

Expected Sales (2015-2016) Rs.25.000 Million

The above information has been parted by Mr. Ankur Gupta (Director)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	1.792	3.984	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)	(%)	(0.54)	0.04	(0.12)
Operating Profit Margin (PBIDT/Sales)	(%)	12.37	13.65	9.44
Return on Total Assets (PBT/Total Assets}	(%)	(0.49)	0.08	(0.24)
Return on Investment (ROI) (PBT/Networth)		(0.05)	0.01	(0.02)
Debt Equity Ratio (Total Debt /Networth)		8.53	9.54	9.80
Current Ratio (Current Asset/Current Liability)		3.33	3.38	21.49

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	2.000	2.000	2.000
Reserves & Surplus	0.548	0.558	0.431
Net worth	2.548	2.558	2.431
long-term borrowings	24.966	20.427	18.949
Short term borrowings	0.000	0.000	0.000
Current Maturities of Long-Term Debts	0.000	3.984	1.792
Total borrowings	24.966	24.411	20.741
Debt/Equity ratio	9.798	9.543	8.532

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	31.477	23.364	23.250
		(25.774)	(0.488)

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	31.477	23.364	23.250
Profit	(0.039)	0.010	(0.126)
	(0.12%)	0.04%	(0.54%)

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)	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	Yes
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

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long Term Borrowing
G.E. Money	12.805	13.728
G.E. Money 57L	5.184	5.554
Loans and Advances from Related Parties
From Shareholders, Directors, their relatives and Inter Corporate Deposits	0.585	0.679
Total	18.574	19.961

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	90052227	18-02-89	725,000.00	STATE BANK OF INDIA	SOUTH EXTN. - I, NEW DELHI, Delhi, INDIA	-
2	90052192	18/02/1989 *	300,000.00	STATE BANK OF INDIA	SOUTH EXTN. - I, NEW DELHI, Delhi, INDIA	-
3	90051992	23-05-84	250,000.00	STATE BANK OF BIKANER AND JAIPUR	LAWRENCE ROAD, NEW DELHI, Delhi - 110035, INDIA	-
4	90051987	18/12/1985 *	200,000.00	STATE BANK OF BIKANER AND JAIPUR	LAWRENCE ROAD, NEW DELHI, Delhi - 110035, INDIA	-
5	90051985	26/02/1998 *	200,000.00	STATE BANK OF BIKANER AND JAIPUR	LAWRENCE ROAD, NEW DELHI, Delhi - 110035, INDIA	-
6	90051908	21/02/1990 *	200,000.00	STATE BANK OF BIKANER AND JAIPUR	LAWRENCE ROAD, NEW DELHI, Delhi - 110035, INDIA	-

FIXED ASSETS

Tangible Assets

• Plant and Machinery
• Furniture and Fixture
• Electric Fitting
• Typewriter
• Laptop
• Cycle
• Generator
• Pager
• Cell Phone
• Air Conditioner
• Computer
• Camera
• Office Equipment
• Lift
• Refrigerator
• Trade Mark
• Printer
• Car

Intangible Assets

• Goodwill

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.63.83
UK Pound	1	Rs.97.10
Euro	1	Rs.69.73

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	SAN
Report Prepared by :	SUD	SUJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	4
--RESERVES	1~10	2
--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	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		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.