MIRA INFORM REPORT

Report No. :	326914
Report Date :	13.06.2015

IDENTIFICATION DETAILS

Name :	TRANSLUMINA THERAPEUTICS LLP

Registered Office :	Ground Floor, Metro Tower Local Shopping Complex, MOR Land, New Rajinder Nagar, New Delhi - 110060

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	01.12.2009

Capital Investment / Paid-up Capital :	Rs.0.100 Million

LLPIN No.: [Limited Liability Partnership identification number No.]	AAA-0435

IEC NO.:	0510074596

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AAGFT2436H

Legal Form :	Limited Liability Partnership

Line of Business :	Manufacturer and Exporter of transluminal devices, Other medical and scientific devices and other allied products and to act as a consultants of the same.

No. of Employees :	10 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Maximum Credit Limit :	USD 450000

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is an established Limited Liability Partnership concern having satisfactory track. Trade relations are fair. Business is active. Payment terms are reported as usually correct. The Limited Liability Partnership concern can be considered for business dealings at 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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

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 PARTED BY (GENERAL INFORMATION)

Name :	Mrs. Hema Changrani
Designation :	Assistant Finance Manager
Contact No.:	91-11-28742874
Date :	11.06.2015

LOCATIONS

Registered Office/ Corporate Office :	Ground Floor, Metro Tower Local Shopping Complex, MOR Land, New Rajinder Nagar, New Delhi - 110060, India
Tel. No.:	91-11-28742874
Fax No.:	91-11-28742873
E-Mail :	kumar@atl-global.com info@translumina.in jobs@translumina.in distributor@translumina.in gurmit@atl-global.com
Website :	http://www.translumina.in
Location:	Owned

Factory:	Dehradun, Uttarakhand, India

PARTNERS

Name :

Punita Sharda Charan Sharma

Designation :

Designated Partner

Address :

B I/25, II Nd Floor, Near Pusa Road, Karol Bagh, New Delhi – 110060, India

Date of Appointment :

01.12.2009

DIN No.:

00821812

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	U33112DL2002PTC113960	ADVANCE THERAPEUTICS PRIVATE LIMITED	Director	01/04/2004	01/04/2004	-	Active	NO
2	U85110DL2008PTC177230	INTEGRIS HEALTH PRIVATE LIMITED	Director	25/04/2008	25/04/2008	-	Active	NO
3	U74140DL2009PTC193058	Aristos Erevna Consulting Private Limited	Director	11/08/2009	11/08/2009	17/12/2012	Active	NO
4	U33111DL2009PTC195382	TRANSLUMINA THERAPEUTICS PRIVATE LIMITED	Director	21/10/2009	21/10/2009	-	Converted to LLP and dissolved	NO
5	AAA-0435	TRANSLUMINA THERAPEUTICS LLP	Designated Partner	01/12/2009	01/12/2009	-	Active	NO

Name :

Gurmit Singh Kartar Singh Chugh

Designation :

Designated Partner

Address :

10, Manav Apartments, A-3, Paschim Vihar, New Delhi – 110063, India

Date of Appointment :

01.12.2009

DIN No.:

00821824

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	U33112DL2002PTC113960	ADVANCE THERAPEUTICS PRIVATE LIMITED	Managing director	10/11/2007	01/04/2004	-	Active	NO
2	U85110DL2008PTC177230	INTEGRIS HEALTH PRIVATE LIMITED	Director	25/04/2008	25/04/2008	-	Active	NO
3	U74140DL2009PTC193058	Aristos Erevna Consulting Private Limited	Director	11/08/2009	11/08/2009	17/12/2012	Active	NO
4	U33111DL2009PTC195382	TRANSLUMINA THERAPEUTICS PRIVATE LIMITED	Director	21/10/2009	21/10/2009	-	Converted to LLP and dissolved	NO
5	AAA-0435	TRANSLUMINA THERAPEUTICS LLP	Designated Partner	01/12/2009	01/12/2009	-	Active	NO

KEY EXECUTIVES

Name :	Mrs. Hema Changrani
Designation :	Assistant Finance Manager

TOTAL OBLIGATION OF CONTRIBUTION OF PARTNERS

PARTICULARS		Rs. In Million
Punita Sharma		0.050
Gurmit Singh Chugh		0.050

Total		0.100

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of transluminal devices, Other medical and scientific devices and other allied products and to act as a consultants of the same.

Products :	Transluminal devices Other medical Scientific devices Other allied products

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :
Products :	Transluminal devices Other medical Scientific devices Other allied products
Countries :	Germany

Imports :
Products :	Raw Material
Countries :	Germany

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 :

Wholesalers, Retailers

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 :

10 (Approximately)

Bankers :

Bank Name	Kotak Mahindra Bank
Branch	Rajouri Garden, Delhi, India
Person Name (With Designation)	Not Available
Contact Number	Not Available
Name of Account Holder	Not Available
Account Number	Not Available
Account Since (Date/Year of Account Opening)	Not Available
Average Balance Maintained (If Possible)	Not Available
Credit Facilities Enjoyed (If any)	Not Available
Account Operation	Not Available
Remarks (If any)	Not Available

Auditors :	Not Available

Memberships :	Not Available

Collaborators :	Not Available

Sister Concern :	Not Available

CAPITAL STRUCTURE

AS ON 31.03.2014

TOTAL OBLIGATION OF CONTRIBUTION OF PARTNERS: RS. 0.100 MILLION

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012

PARTNERS FUNDS
1] Partners Capital	0.100	0.100	0.100
2] Share Application Money	0.000	0.000	0.000
3] Reserves & Surplus	156.241	75.362	1.100
4] (Accumulated Losses)	0.000	0.000	0.000
NETWORTH	156.341	75.462	1.200

LOAN FUNDS
1] Secured Loans	2.798	2.220	5.292
2] Unsecured Loans	0.750	15.807	9.056
TOTAL BORROWING	3.548	18.027	14.348

DEFERRED TAX LIABILITIES	0.000	0.000	0.000

TOTAL	159.889	93.489	15.548

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]	36.481	13.848	8.439
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	44.523	38.478	10.837
Sundry Debtors	250.344	131.524	21.856
Cash & Bank Balances	43.591	4.777	0.299
Other Current Assets	0.000	0.000	0.000
Loans & Advances and Deposits	27.358	16.878	0.940
Total Current Assets	365.816	191.657	33.932

Less : CURRENT LIABILITIES & PROVISIONS
Sundry Creditors	212.118	83.765	16.453
Other Current Liabilities	1.221	4.689	10.103
Provisions	29.069	23.562	0.267
Total Current Liabilities	242.408	112.016	26.823

Net Current Assets	123.408	79.641	7.109

MISCELLANEOUS EXPENSES	0.000	0.000	0.000

TOTAL	159.889	93.489	15.548

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	534.065	334.208	54.462
	Other Income	0.618	1.068	0.000
	TOTAL (A)	534.683	335.276	54.462

Less	EXPENSES
	Cost of Materials Consumed	378.094	211.851	33.948
	Power and fuel	0.000	0.000	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(16.855)	(4.577)	(4.397)
	Administrative expenses	43.264	17.481	17.020
	Selling expenses	8.521	5.870	0.260
	Insurance expenses	0.238	0.212	0.016
	Other expenses	15.432	9.158	3.890
	TOTAL (B)	428.694	239.995	50.737

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	105.989	95.281	3.725

Less	FINANCIAL EXPENSES (D)	0.574	1.201	0.921

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	105.415	94.080	2.804

Less/ Add	DEPRECIATION/ AMORTISATION (F)	2.724	1.613	1.403

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	102.691	92.467	1.401

Less	TAX (H)	21.812	18.206	0.267

	PROFIT/ (LOSS) AFTER TAX (G-H)	80.879	74.261	1.134

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT / Sales)	(%)	15.14	22.22	2.08

Operating Profit Margin (PBIDT/Sales)	(%)	19.85	28.51	6.84

Return on Total Assets (PBT/Total Assets}	(%)	25.53	45.00	3.31

Return on Investment (ROI) (PBT/Networth)		0.66	1.23	1.17

Debt Equity Ratio (Total Debt /Networth)		0.02	0.24	11.96

Current Ratio (Current Asset/Current Liability)		1.51	1.71	1.27

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)
Partners’ Capital	0.100	0.100	0.100
Reserves & Surplus	1.100	75.362	156.241
Net worth	1.200	75.462	156.341

Secured Loans	5.292	2.220	2.798
Unsecured Loans	9.056	15.807	0.750
Total borrowings	14.348	18.027	3.548
Debt/Equity ratio	11.957	0.239	0.023

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	54.462	334.208	534.065
		513.654	59.800

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	54.462	334.208	534.065
Profit	1.134	74.261	80.879
	2.08%	22.22%	15.14%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	No
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	No
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

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.64.03
UK Pound	1	Rs.99.27
Euro	1	Rs.7289

INFORMATION DETAILS

Information Gathered by :	RKH

Analysis Done by :	KSH

Report Prepared by :	RKI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	6
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		44

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.

MIRA INFORM REPORT

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