MIRA INFORM REPORT

Report No. :	310893
Report Date :	05.03.2015

IDENTIFICATION DETAILS

Name :	ROCKLAND HEALTHCARE LIMITED
Registered Office :	B-207, C.R. Park, ND Near Bus Stop, New Delhi – 110 019
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	16.12.2013
Com. Reg. No.:	55-262225
Capital Investment / Paid-up Capital :	Rs.0.500 million
CIN No.: [Company Identification No.]	U85100DL2013PLC262225
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject intends to operate multi-speciality hospitals. The hospitals will provide comprehensive and integrated healthcare services with the state-of-art infrastructure designed in accordance with International norms using advanced technology and skilled manpower.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Maximum Credit Limit :	USD 1300
Status :	New Company
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a new company and yet to establish itself gradually. Our executive were unable to contact the company. The company has incurred some pre-operative expenses which has resulted into accumulated losses during FY 2014. As per registrar of companies the status of the company is shown as active. Payment terms are unknown. The company can be considered for business dealings on a fully safe and secured trade terms and condition.

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	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 31-03-2014.

LOCATIONS

Registered Office :	B-207, C.R. Park, ND Near Bus Stop, New Delhi – 110 019, India
Tel. No. :	91-11-47667100
Fax No. :	Not Available
E-Mail :	prabhat.srivastava@rocklandhospitals.com finance@rocklandhospital.net

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Rajesh Kumar Srivastava

Designation :

Nominee Director

Address :

B-31, Somi Nagar, New Delhi – 110 017, India

Date of Birth/Age :

22.02.1959

Date of Appointment :

16.12.2013

DIN No. :

00524536

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	U74899DL1993PTC053645	SOMYA CONSTRUCTIONS PRIVATE LIMITED	Director	19/05/1993	19/05/1993	02/01/2009	Active	NO
2	U85110DL2004PLC128077	ROCKLAND HOSPITALS LIMITED	Managing director	01/03/2013	16/08/2004	-	Active	NO
3	U55101DL2005PLC143881	ROCKLAND HOTELS LIMITED	Director	21/12/2005	21/12/2005	-	Active	NO
4	U80222DL2005PTC144157	ROCKLAND INSTITUTE OF RESEARCH AND EDUCATION PRIVATE LIMITED	Director	28/12/2005	28/12/2005	-	Active	NO
5	U32204DL2006PTC157069	ROCKLAND MEDIA AND COMMUNICATION PRIVATE LIMITED	Director	27/12/2006	27/12/2006	16/05/2011	Active	NO
6	U85110DL2007PTC158985	ROCKLAND LABORATORIES PRIVATE LIMITED	Director	08/02/2007	08/02/2007	-	Active	NO
7	U45200DL2008PTC174937	ROCK LAND PRIVATE LIMITED	Director	05/03/2008	05/03/2008	-	Active	NO
8	U51397DL2013PTC256807	ROCKLAND PHARMACY PRIVATE LIMITED	Director	22/08/2013	22/08/2013	-	Active	NO
9	U85100DL2013PTC259809	ROCKLAND HOSPITALS NOIDA PRIVATE LIMITED	Nominee director	17/01/2014	01/11/2013	-	Active	NO
10	U85100DL2013PLC262225	ROCKLAND HEALTHCARE LIMITED	Nominee director	16/12/2013	16/12/2013	-	Active	NO
11	U85100DL2013PTC262322	ROCKLAND DIAGNOSTICS SERVICES PRIVATE LIMITED	Director	17/12/2013	17/12/2013	-	Active	NO
12	U85100DL2014PLC264322	ROCKLAND G P NETWORK LIMITED	Nominee director	01/02/2014	01/02/2014	-	Active	NO
13	U85100DL2014PLC264404	ROCKLAND HOSPITAL SERVICES LIMITED	Nominee director	04/02/2014	04/02/2014	-	Active	NO

Name :

Mr. Rishi Kumar Srivastava

Designation :

Nominee Director

Address :

B-31, Somi Nagar, New Delhi – 110 017, India

Date of Birth/Age :

05.04.1968

Date of Appointment :

16.12.2013

DIN No. :

00524588

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	U74899DL1993PTC053645	SOMYA CONSTRUCTIONS PRIVATE LIMITED	Director	19/05/1993	19/05/1993	02/01/2009	Active	NO
2	U85110DL2004PLC128077	ROCKLAND HOSPITALS LIMITED	Director	16/08/2004	16/08/2004	-	Active	NO
3	U55101DL2005PLC143881	ROCKLAND HOTELS LIMITED	Managing director	01/04/2009	21/12/2005	-	Active	NO
4	U80222DL2005PTC144157	ROCKLAND INSTITUTE OF RESEARCH AND EDUCATION PRIVATE LIMITED	Director	28/12/2005	28/12/2005	-	Active	NO
5	U85110DL2007PTC158985	ROCKLAND LABORATORIES PRIVATE LIMITED	Director	08/02/2007	08/02/2007	-	Active	NO
6	U32204DL2006PTC157069	ROCKLAND MEDIA AND COMMUNICATION PRIVATE LIMITED	Director	30/01/2008	30/01/2008	16/05/2011	Active	NO
7	U45200DL2008PTC174937	ROCK LAND PRIVATE LIMITED	Director	05/03/2008	05/03/2008	-	Active	NO
8	U11100DL2013PTC253150	ROCKLAND OIL AND GAS PRIVATE LIMITED	Director	30/05/2013	30/05/2013	-	Active	NO
9	U51397DL2013PTC256807	ROCKLAND PHARMACY PRIVATE LIMITED	Director	22/08/2013	22/08/2013	-	Active	NO
10	U85100DL2013PTC260688	GRACIA HEALTHCARE FOR YOU PRIVATE LIMITED	Director	23/11/2013	23/11/2013	-	Active	NO
11	U85100DL2013PLC262225	ROCKLAND HEALTHCARE LIMITED	Nominee director	16/12/2013	16/12/2013	-	Active	NO
12	U85100DL2013PTC262322	ROCKLAND DIAGNOSTICS SERVICES PRIVATE LIMITED	Director	17/12/2013	17/12/2013	-	Active	NO
13	U85100DL2014PLC264322	ROCKLAND G P NETWORK LIMITED	Nominee director	01/02/2014	01/02/2014	-	Active	NO
14	U85100DL2014PLC264404	ROCKLAND HOSPITAL SERVICES LIMITED	Nominee director	04/02/2014	04/02/2014	-	Active	NO

Name :

Mr. Prabhat Kumar Srivastava

Designation :

Nominee Director

Address :

B-31, Somi Nagar, New Delhi – 110 017, India

Date of Birth/Age :

30.11.1961

Date of Appointment :

16.12.2013

DIN No. :

00524482

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	U74899DL1993PTC053645	SOMYA CONSTRUCTIONS PRIVATE LIMITED	Director	19/05/1993	19/05/1993	02/01/2009	Active	NO
2	U85110DL2004PLC128077	ROCKLAND HOSPITALS LIMITED	Managing director	01/03/2013	16/08/2004	-	Active	NO
3	U55101DL2005PLC143881	ROCKLAND HOTELS LIMITED	Director	21/12/2005	21/12/2005	-	Active	NO
4	U80222DL2005PTC144157	ROCKLAND INSTITUTE OF RESEARCH AND EDUCATION PRIVATE LIMITED	Director	28/12/2005	28/12/2005	-	Active	NO
5	U85110DL2007PTC158985	ROCKLAND LABORATORIES PRIVATE LIMITED	Director	08/02/2007	08/02/2007	-	Active	NO
6	U32204DL2006PTC157069	ROCKLAND MEDIA AND COMMUNICATION PRIVATE LIMITED	Director	30/01/2008	30/01/2008	16/05/2011	Active	NO
7	U45200DL2008PTC174937	ROCK LAND PRIVATE LIMITED	Director	05/03/2008	05/03/2008	-	Active	NO
8	U11100DL2013PTC253150	ROCKLAND OIL AND GAS PRIVATE LIMITED	Director	30/05/2013	30/05/2013	-	Active	NO
9	U51397DL2013PTC256807	ROCKLAND PHARMACY PRIVATE LIMITED	Director	22/08/2013	22/08/2013	-	Active	NO
10	U85100DL2013PTC259809	ROCKLAND HOSPITALS NOIDA PRIVATE LIMITED	Nominee director	17/01/2014	01/11/2013	-	Active	NO
11	U85100DL2013PLC262225	ROCKLAND HEALTHCARE LIMITED	Nominee director	16/12/2013	16/12/2013	-	Active	NO
12	U85100DL2013PTC262322	ROCKLAND DIAGNOSTICS SERVICES PRIVATE LIMITED	Director	17/12/2013	17/12/2013	-	Active	NO
13	U85100DL2014PLC264322	ROCKLAND G P NETWORK LIMITED	Nominee director	01/02/2014	01/02/2014	-	Active	NO
14	U85100DL2014PLC264404	ROCKLAND HOSPITAL SERVICES LIMITED	Nominee director	04/02/2014	04/02/2014	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	Percentage of holding
Prabhat Kumar Srivastava	1	0.002
Rajesh Kumar Srivastava	1	0.002
Rishi Kumar Srivastava	1	0.002
Aditya Bhandari	1	0.002
Sanya Srivastava	1	0.002
Somya Srivastava	1	0.002
Rockland Hospitals Limited, India	49994	99.988
Total	50000	100.00

AS ON 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	99.988
Directors or relatives of Directors	0.012
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject intends to operate multi-speciality hospitals. The hospitals will provide comprehensive and integrated healthcare services with the state-of-art infrastructure designed in accordance with International norms using advanced technology and skilled manpower.
Products/ Services :	Healthcare Services
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :	Not Available

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Available
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Experience :	Not Available
Maximum Limit Dealt :	Not Available

Customers :

Reference :	Not Available
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Experience :	Not Available
Maximum Limit Dealt :	Not Available

No. of Employees :

Not Available

Bankers :

Banker Name	The Federal Bank Limited
Branch Address	Not Available
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

Banking Relations :	--
Auditors :
Name :	Agarwal Mahajan and Associates Chartered Accountants
Address :	7, LGF, Shrestha Vihar, Delhi – 110 092, India
Telefax No.:	91-11-43023189/ 43023197
E-Mail :	ashwanikagarwal@yahoo.com
PAN No.:	AAIFA3283F
Memberships :	Not Available
Collaborators :	Not Available
Holding Company :	Rockland Hospitals Limited (CIN No.: U85110DL2004PLC128077)
Subsidiary Companies :	Rockland Hospital Services Limited (CIN No.: U85100DL2014PLC264404) Rockland G P Network Limited (CIN No.: U85100DL2014PLC264322) Rockland Hospitals Noida Private Limited (CIN No.: U85100DL2013PTC259809)

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014
I. EQUITY AND LIABILITIES
(1) Shareholders' Funds
(a) Share Capital	0.500
(b) Reserves & Surplus	(0.034)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.466
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) Long-term provisions	0.000
Total Non-current Liabilities (3)	0.000
(4) Current Liabilities
(a) Short term borrowings	1.000
(b) Trade payables	0.000
(c) Other current liabilities	0.034
(d) Short-term provisions	0.000
Total Current Liabilities (4)	1.034
TOTAL	1.500
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	1.500
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	1.500
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.000
(d) Cash and cash equivalents	0.000
(e) Short-term loans and advances	0.000
(f) Other current assets	0.000
Total Current Assets	0.000
TOTAL	1.500

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014
	SALES
		Revenue from Operation	0.000
		Other Income	0.000
		TOTAL	0.000
Less	EXPENSES
		Other Expenses
		R.O.C. Fees	0.023
		Auditors Remuneration and Reimbursement	0.011
		TOTAL	0.034
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(0.034)
Less	FINANCIAL EXPENSES		0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		(0.034)
Less/ Add	DEPRECIATION/ AMORTISATION		0.000
	PROFIT/ (LOSS) BEFORE TAX		(0.034)
Less	TAX		0.000
	PROFIT/ (LOSS) AFTER TAX		(0.034)
	Earnings / (Loss) Per Share (Rs.)		(2.37)

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT/Sales)	(%)	0.00
Operating Profit Margin (PBDIT/ Sales)	(%)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	0.00
Return on Investment (ROI) (PBT/Networth)		(0.07)
Debt Equity Ratio (Total Debt/Networth)		2.15
Current Ratio (Current Asset/Current Liability)		0.00

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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for around four months	Yes
12]	Profitability for around four months	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
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	Yes
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

CORPORATE INFORMATION:

Subject was incorporated under the companies act.1956 on December 16, 2013. Subject intends to operate multi-speciality hospitals. The hospitals will provide comprehensive and integrated healthcare services with the state-of-art infrastructure designed in accordance with International norms using advanced technology and skilled manpower.

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)
SHORT TERM BORROWINGS
Loans from Directors [Loan taken from Mr. Prabhat Kumar Srivastava (Director) payable on demand and without any interest and closing balance as on 31.03.2014 is Rs.1.000 million.]	1.000
Total	1.000

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 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.61.85
UK Pound	1	Rs.94.96
Euro	1	Rs.69.09

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	SMN

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	--

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