MIRA INFORM REPORT

Report No. :	326849
Report Date :	16.06.2015

IDENTIFICATION DETAILS

Name :	APEX KIDNEY CARE PRIVATE LIMITED
Registered Office :	Fargo House, Next to Spectra Motors, Kachpada, Ramchandra Road Extension, Malad (West), Mumbai – 400064, Maharashtra
Tel. No.:	91-22-28889118
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	25.06.2007
Com. Reg. No.:	11-171970
Capital Investment / Paid-up Capital :	Rs. 10.000 Million
CIN No.: [Company Identification No.]	U85100MH2007PTC171970
TAN No.: [Tax Deduction & Collection Account No.]	MUMA30607D
PAN No.: [Permanent Account No.]	AAGCA4070P
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of providing medical services and in particularly related with Kidney also provides dialysis facilities.
No. of Employees :	300 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a private limited company incorporated in the year 2007 having moderate track record. The company is engaged in the business of providing medical services for kidney patients. As per registrar of companies the date of balance sheet (i.e. financial field) is shown as 31.03.2014 but documents related to financial for the year ending 2014 and 2013 is not available from any source. As per financial year 2012, financial position of the company was moderate. However, company is active as per status shown in registrar of company. In view of lack of financial details, the company can be considered for business dealings with fully safe and secured 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 (GENERAL DETAILS)

Name :	Mr. Pravin Ghag
Designation :	Account Executive
Contact No.:	91-22-28889118
Date :	15.06.2015

LOCATIONS

Registered Office :	Fargo House, Next to Spectra Motors, Kachpada, Ramchandra Road Extension, Malad (West), Mumbai – 400064, Maharashtra, India
Tel. No.:	91-22-28889118
Fax No.:	91-
E-Mail :	mca@mgca.in anisha.bhatt@apexkidneycare.com info@apexkidneycare.com gurav@apexkidneycare.in pravin.ghag@apexkidneycare.in add@apexkidneycare.com
Branch Office :	Abhishek Commercial Complex, 3^rd Floor, S.V. Road, Malad (West), Mumbai – 400064, Maharashtra, India
Tel. No.:	91-22-28809114
Fax No.:	91-22-28809303

DIRECTORS

As on 30.09.2014

Name :

Rupen Kantilal Kothari

Designation :

Director

Address :

31/Kedia Apat, 29/F Doongarshi Road,, Walkeshwar, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

15.11.1947

Date of Appointment :

25.06.2007

DIN No.:

00306871

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	U51398MH2004PTC149027	D N GEMS PRIVATE LIMITED	Director	14-10-2004	14-10-2004	-	Amalgamated	NO
2	U51398MH2005PTC155937	D. NAVINCHANDRA EXPORTS PRIVATE LIMITED	Director	06-09-2006	06-09-2006	21-12-2009	Active	NO
3	U74900MH2007PTC170147	INTERJEWEL PRIVATE LIMITED	Whole-time director	01-05-2007	20-04-2007	-	Active	NO
4	U85100MH2007PTC171970	APEX KIDNEY CARE PRIVATE LIMITED	Director	25-06-2007	25-06-2007	-	Active	NO
5	U74900MH2011PTC222559	APEX DIALYSIS TECHNOLOGIES PRIVATE LIMITED	Director	29-09-2011	29-09-2011	-	Active	NO
6	U85191MH2012PTC227765	APEX WELLNESS MEDIPHARMA PRIVATE LIMITED	Director	06-03-2012	06-03-2012	-	Active	NO
7	U51900MH1995PTC090506	DIAN STAR DIAMONDS PRIVATE LIMITED	Additional director	23-02-2015	23-02-2015	-	Active	NO

Name :

Hitesh Vijaykumar Mehta

Designation :

Director

Address :

9^th Floor Sonbar Ashok Nagar Society, 10th Road Juhu Scheme Vileparle (West), Mumbai - 400049, Maharashtra, India

Date of Birth/Age :

26.12.1961

Date of Appointment :

30.09.2014

DIN No.:

00660482

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	U36912MH1993PTC074380	AASHAY INDUSTRIES PRIVATE LIMITED	Director	04-11-1993	04-11-1993	-	Active	NO
2	U36911MH2005PTC153571	JEWELTOUCH (INDIA) PRIVATE LIMITED	Director	27-05-2005	27-05-2005	-	Active	NO
3	U01403MH2008PTC181166	VASUNDHARA ECOFRIENDLY AGROPRODUCTS PRIVATE LIMITED	Director	15-04-2008	15-04-2008	17-05-2013	Active	NO
4	U74999MH2008PTC182442	ANKIT DIAMONDS PRIVATE LIMITED	Director	19-05-2008	19-05-2008	-	Active	NO
5	U36996MH2010PTC203922	FABJEWELS PRIVATE LIMITED	Director	18-07-2010	18-07-2010	-	Active	NO
6	U36912GJ2011PTC067955	FUZION JEWELS PRIVATE LIMITED	Director	17-02-2011	17-02-2011	-	Active	NO
7	U85100MH2011NPL217006	FOUNDATION FOR VITAL HEALING	Director	03-05-2011	03-05-2011	-	Active	NO
8	U85100MH2007PTC171970	APEX KIDNEY CARE PRIVATE LIMITED	Director	30-09-2014	01-10-2013	-	Active	NO

Name :

Daksha Hitesh Mehta

Designation :

Director

Address :

9 Sonbar, 13 Ashok CHS , N S Road 10,, Jvpd Scheme , Vile Parle, Mumbai - 400049, Maharashtra, India

Date of Birth/Age :

23.07.1962

Date of Appointment :

30.09.2014

DIN No.:

00731342

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	U36912MH1993PTC074380	AASHAY INDUSTRIES PRIVATE LIMITED	Director	07-10-1993	07-10-1993	-	Active	NO
2	U36911MH2005PTC153571	JEWELTOUCH (INDIA) PRIVATE LIMITED	Director	27-05-2005	27-05-2005	-	Active	NO
3	U74999MH2008PTC182442	ANKIT DIAMONDS PRIVATE LIMITED	Director	19-05-2008	19-05-2008	-	Active	NO
4	U36911MH2008PTC185062	PURPLE DIAMOND PRIVATE LIMITED	Director	24-07-2008	24-07-2008	02-06-2014	Active	NO
5	U36911MH2008PTC185353	INDIGO DIAMOND PRIVATE LIMITED	Director	18-09-2008	01-08-2008	02-06-2014	Active	NO
6	U36911MH2008PTC187109	VIOLET DIAMOND PRIVATE LIMITED	Director	26-09-2008	26-09-2008	28-06-2014	Active	NO
7	U72900MH2009PTC190353	IMAGINARIUM ( INDIA ) PRIVATE LIMITED	Director	13-02-2009	13-02-2009	-	Active	NO
8	U85100MH2011NPL217006	FOUNDATION FOR VITAL HEALING	Director	03-05-2011	03-05-2011	-	Active	NO
9	U85100MH2007PTC171970	APEX KIDNEY CARE PRIVATE LIMITED	Director	30-09-2014	01-10-2013	-	Active	NO

Name :

Rajesh Basudeo Kumar

Designation :

Director

Address :

1201, Blue Excellency Building, S.V.Road1201, Blue, Opposite Patel Petrol Pump, Excel Estate, Goregaon (West), Mumbai - 400062, Maharashtra, India

Date of Birth/Age :

04.08.1971

Date of Appointment :

25.06.2007

DIN No.:

01535787

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	U85100MH2007PTC171970	APEX KIDNEY CARE PRIVATE LIMITED	Director	25-06-2007	25-06-2007	Active	NO
2	U85191MH2012PTC227765	APEX WELLNESS MEDIPHARMA PRIVATE LIMITED	Director	06-03-2012	06-03-2012	Active	NO
3	U85191MH2012PTC228309	KIDNEY CARE LAB PRIVATE LIMITED	Director	30-09-2014	29-01-2014	Active	NO
4	U74900MH2011PTC222559	APEX DIALYSIS TECHNOLOGIES PRIVATE LIMITED	Director	30-09-2014	21-06-2014	Active	NO

Name :

Mukesh Madhukar Shete

Designation :

Director

Address :

B 402 4^th Floor Chandralok Society 1045, Nane Pada, Mulund (East), Mumbai - 400081, Maharashtra, India

Date of Birth/Age :

23.03.1967

Date of Appointment :

25.06.2007

DIN No.:

01544416

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	U85100MH2007PTC171970	APEX KIDNEY CARE PRIVATE LIMITED	Director	25-06-2007	25-06-2007	Active	NO
2	U85190MH2010PTC208842	MISSION NEPHRO-URO CARE PRIVATE LIMITED	Director	11-10-2010	11-10-2010	Active	NO
3	U85191MH2012PTC228309	KIDNEY CARE LAB PRIVATE LIMITED	Director	16-03-2012	16-03-2012	Active	NO
4	U74900MH2011PTC222559	APEX DIALYSIS TECHNOLOGIES PRIVATE LIMITED	Director	30-09-2014	29-01-2014	Active	NO
5	U85191MH2012PTC227765	APEX WELLNESS MEDIPHARMA PRIVATE LIMITED	Director	30-09-2014	29-01-2014	Active	NO

Name :

Sheetal Jatin Kothari

Designation :

Director

Address :

702, Bhanu Kunj, Swastik Society, Plot No 43, JVPD, 3^rd Road, Vile Parle (West), Mumbai - 400056, Maharashtra, India

Date of Birth/Age :

28.11.1970

Date of Appointment :

25.06.2007

DIN No.:

01544424

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	U85100MH2007PTC171970	APEX KIDNEY CARE PRIVATE LIMITED	Director	25-06-2007	25-06-2007	Active	NO
2	U85191MH2012PTC227765	APEX WELLNESS MEDIPHARMA PRIVATE LIMITED	Director	06-03-2012	06-03-2012	Active	NO
3	U74900MH2011PTC222559	APEX DIALYSIS TECHNOLOGIES PRIVATE LIMITED	Director	29-09-2012	23-05-2012	Active	NO
4	U85191MH2012PTC228309	KIDNEY CARE LAB PRIVATE LIMITED	Director	30-09-2014	29-01-2014	Active	NO

Name :

Viswanath Subbarao Billa

Designation :

Director

Address :

G - 14 Shree Dattaguru Chs , Deonar Village Road Deonar, Mumbai - 400088, Maharashtra, India

Date of Birth/Age :

02.06.1966

Date of Appointment :

25.06.2007

DIN No.:

01582066

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	U85100MH2007PTC171970	APEX KIDNEY CARE PRIVATE LIMITED	Director	25-06-2007	25-06-2007	Active	NO
2	U85191MH2012PTC228309	KIDNEY CARE LAB PRIVATE LIMITED	Director	16-03-2012	16-03-2012	Active	NO
3	U74900MH2011PTC222559	APEX DIALYSIS TECHNOLOGIES PRIVATE LIMITED	Director	30-09-2014	29-01-2014	Active	NO
4	U85191MH2012PTC227765	APEX WELLNESS MEDIPHARMA PRIVATE LIMITED	Director	30-09-2014	29-01-2014	Active	NO

Name :

Vaishali Shrirang Bichu

Designation :

Director

Address :

Flat No - 6 Kolaba House, Mbpt Quarters Bumayne Road Colaba, Mumbai - 400005, Maharashtra, India

Date of Birth/Age :

28.05.1968

Date of Appointment :

25.06.2007

DIN No.:

01582148

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	U85100MH2007PTC171970	APEX KIDNEY CARE PRIVATE LIMITED	Director	25-06-2007	25-06-2007	Active	NO
2	U85191MH2012PTC228309	KIDNEY CARE LAB PRIVATE LIMITED	Director	16-03-2012	16-03-2012	Active	NO
3	U74900MH2011PTC222559	APEX DIALYSIS TECHNOLOGIES PRIVATE LIMITED	Director	30-09-2014	29-01-2014	Active	NO
4	U85191MH2012PTC227765	APEX WELLNESS MEDIPHARMA PRIVATE LIMITED	Director	30-09-2014	29-01-2014	Active	NO

Name :

Jatin Piyushkumar Kothari

Designation :

Director

Address :

702, Bhanu Kunj Swastik Society Plot, Jvpd, Vile Parle (West), Mumbai - 400056, Maharashtra, India

Date of Birth/Age :

19.04.1970

Date of Appointment :

30.09.2014

DIN No.:

06831534

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	U85100MH2007PTC171970	APEX KIDNEY CARE PRIVATE LIMITED	Director	30-09-2014	04-03-2014	Active	NO

KEY EXECUTIVES

Name :	Mr. Pravin Ghag
Designation :	Account Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Rupen Kantilal Kothari	300000
Viswanath Subbarao Billa	224000
Rajesh Basudeo Kumar	224000
Sheetal Jatin Kothari	224000
Vaishali Shrirang Bichu	224000
Mukesh Madhukar Shete	224000
Sandhyaben Rupebhai Kothari	40000
Riteshbhai Rupenbhai Kothari	180000
Hitesh Mehta	130000
Daksha Mehta	130000
Neelam Mehta	130000
Manish Mehta	130000
Total	2160000

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of providing medical services and in particularly related with Kidney also provides dialysis facilities.
Brand Names :	--
Agencies Held :	--
Exports :	--
Imports :	--
Terms :
Selling :	Credit (30 Days)
Purchasing :	Credit (30 Days)

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Retailers

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

300 (Approximately)

Bankers :

Bank Name:	Indusind Bank
Branch:	Malad (West) Branch, Mumbai, Maharashtra, 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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

Banking Relations :	--
Auditors :
Name :	Vijay Mehta and Company Chartered Accountants
Address :	13, Krishna Bhuvan, Opposite Sona Udyog, Parsi Panchayat Road, Andheri (East), Mumbai – 400069, Maharashtra, India
Tel. No.:	91-22-26839898/ 26832834
E-Mail :	vmcvijay@gmail.com
Income-tax PAN of auditor or auditor's firm :	AAFFV8020J
Memberships :	--
Collaborators :	--
Enterpries in which Key Management Personnal exercise significant influence:	· Apex Dialysis Technologies Private Limited · Apex Wellness Medipharma Private Limited · Apex Pharma · Apex Kidney Foundation · United Professional Services

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
5,000,000	Equity Shares	Rs.10/- each	Rs. 50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2,160,000	Equity Shares	Rs.10/- each	Rs. 21.600 Million

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
2,000,000	Equity Shares	Rs.10/- each	Rs. 50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs.10/- each	Rs. 10.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	10.000	5.000
(b) Reserves & Surplus	4.814	-4.929
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	10.000	4.700
Total Shareholders’ Funds (1) + (2)	24.814	4.771
(3) Non-Current Liabilities
(a) Long-term borrowings	103.616	70.016
(b) Deferred tax liabilities (Net)	6.576	4.398
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	110.192	74.414
(4) Current Liabilities
(a) Short-term borrowings	2.064	4.006
(b) Trade payables	17.303	6.922
(c) Other current liabilities	1.407	2.226
(d) Short-term provisions	0.715	0.000
Total Current Liabilities (4)	21.489	13.154
TOTAL	156.495	92.339
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	109.112	65.046
(ii) Intangible Assets	0.055	0.005
(iii) Capital work-in-progress	10.413	9.945
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	6.153	7.098
(e) Other Non-current assets	0.075	0.000
Total Non-Current Assets	125.808	82.094
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	7.881	3.633
(c) Trade receivables	6.483	0.895
(d) Cash and cash equivalents	10.149	2.786
(e) Short-term loans and advances	6.174	2.931
(f) Other current assets	0.000	0.000
Total Current Assets	30.687	10.245
TOTAL	156.495	92.339

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		5.000
2] Share Application Money		2.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		(6.917)
NETWORTH		0.083
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		70.016
TOTAL BORROWING		70.016
DEFERRED TAX LIABILITIES		3.548
TOTAL		73.647
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		50.012
Capital work-in-progress		6.601
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.448
	Sundry Debtors	5.111
	Cash & Bank Balances	14.141
	Other Current Assets	0.000
	Loans & Advances	2.051
Total Current Assets		22.751
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	5.057
	Other Current Liabilities	0.787
	Provisions	0.000
Total Current Liabilities		5.844
Net Current Assets		16.907
MISCELLANEOUS EXPENSES		0.127
TOTAL		73.647

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income		52.788	32.124
		Other Income		6.700	6.260
		TOTAL	111.869	59.488	38.384
Less	EXPENSES		83.844 (Including Interest)	46.308 (Including Interest)	28.092
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION				10.292
Less	FINANCIAL EXPENSES				0.005
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		28.025	13.180	10.287
Less/ Add	DEPRECIATION/ AMORTISATION		13.122	10.117	9.118
	PROFIT BEFORE TAX		14.903	3.063	1.169
Less	TAX		5.160	1.076	1.009
	PROFIT AFTER TAX		9.743	1.987	0.160
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(4.929)	(6.916)	(7.076)
	BALANCE CARRIED TO THE B/S		4.814	(4.929)	(6.916)
	Earnings Per Share (Rs.)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2012	31.03.2011	31.03.2010
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
Net Profit Margin (PAT / Sales)	(%)	NA	3.76	0.50
Operating Profit Margin (PBDIT/Sales)	(%)	NA	NA	32.04
Return on Total Assets (PBT/Total Assets}	(%)	10.20	3.72	1.61
Return on Investment (ROI) (PBT/Networth)		0.60	0.64	14.08
Debt Equity Ratio (Total Liability/Networth)		4.26	15.51	843.57
Current Ratio (Current Asset/Current Liability)		1.43	0.78	3.89

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

Particular	31.03.2011	31.03.2012
	(Rs. In Million)	(Rs. In Million)
Share Capital	5.000	10.000
Reserves & Surplus	(4.929)	4.814
Money received against Share Warrants	0.000	0.000
Share Application Money Pending Allotment	4.700	10.000
Net Worth	4.771	24.814
Long-term Borrowings	70.016	103.616
Short-term Borrowings	4.006	2.064
CURRENT MATURITIES OF LONG-TERM DEBTS	0.000	0.000
Total Borrowings	74.022	105.680
Debt/Equity Ratio	15.515	4.259

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2010	31.03.2011	31.03.2012
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	38.384	59.488	111.869
		54.981	88.053

NET PROFIT MARGIN

Net Profit Margin	31.03.2010	31.03.2011	31.03.2012
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	38.384	59.488	111.869
Profit	0.160	1.987	9.743
	0.42%	3.34%	8.71%

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	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
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	No
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 CHARGES: NO CHARGES EXIST FOR COMPANY 

UNSECURED LOANS

PARTICULAR	31.03.2012 (Rs. In Million)	31.03.2011 (Rs. In Million)
LONG TERM BORROWINGS
Loan from Directors	103.616	70.016
SHORT TERM BORROWINGS
Loans and Advances from Related Parties	0.000	0.500
Loans and Advances from Directors	1.600	3.250
Deposits	0.464	0.256
Total	105.680	74.022

CHANGE OF ADDRESS

The registered office of the company has been shifted from Abhishek Commercial Complex, 3rd Floor, S.V. Road, Malad (West), Mumbai – 4000604, Maharashtra, India to the present address w.e.f. 05.12.2012.

CORPORATE INFORMATION

The company is a private limited company domiciled in India and Incorporated under the provisions of Companies Act, 1956. The company is engaged in the business of providing medical services and in particularly related with Kidney. It provides dialysis facilities at several locations.

FIXED ASSETS

Tangible Assets

· Land

· Plant and Machinery

· Furnitures and Fixtures

· Air Conditioners

· Vehicles

· Office Equipment

· Computer

· Electrical Fittings

· Plant and Machinery

Intangible Assets

· Computer Software

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. 64.09
UK Pound	1	Rs. 99.57
Euro	1	Rs. 71.84

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	KIN
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	1
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		11

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.