MIRA INFORM REPORT

Report No. :	322267
Report Date :	18.05.2015

IDENTIFICATION DETAILS

Name :	BECTON DICKINSON INDIA PRIVATE LIMITED
Registered Office :	202-204, Tolstoy House, Tolstoy Marg, New Delhi – 110001
Tel No :	91-80-45354666
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	06.01.1995
Com. Reg. No.:	55-064117
Capital Investment / Paid-up Capital :	Rs. 10.000 Million
CIN No.: [Company Identification No.]	U74899DL1995PTC064117
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 :	Developers, Manufacturers and Sells of medical devices, instrument systems and Reagents.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

A (65)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a subsidiary of “Becton Dickinson and company, USA. It is well-established company having fine track record. For the financial year ended 2014, the company has reported decent operational performance and it has achieved nearly 28.34% topline growth. Profitability margins of the company stood at 3.87%. Rating also takes into consideration company’s decent financial base backed by healthy net worth base and adequate liquidity profile of the company. Company also receives strong financial and managerial support from its parent company. Trade relations are reported as fair. Business is active. Payment are reported to be regular and as per commitment. In view of decent financial base backed by strong parent company support, the company can be considered good for normal 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	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 DENIED BY

Name :	Mr. Kishor
Designation :	Account Department
Contact No.:	91-80-45354666
Date :	13.05.2015

LOCATIONS

Registered Office :	202-204, Tolstoy House, Tolstoy Marg, New Delhi – 110001
Tel. No.:	91-80-45354666
Fax No.:	Not Avialable
E-Mail :	shoumitra_bhowal@bd.com
Head Office / Regional office - North :	6^th Floor Signature Tower –B, South City I, NH 8, Gurgaon – 122001, Haryana, India
Tel. No.:	91-124-3949390 / 2383566 -71
Fax No.:	91-124-2383224-25-26
E-Mail :	bd_india@bd.com
Factory / Plant :	Plot No. 1, NH -8, Investate Bawal, Distt. Rewari – 123401, Haryana, India
Tel. No.:	91-1284-394939 / 264428 / 264430-33 / 284571-72
Fax No.:	91-1284-264432
E-Mail :	bd_india@bd.com
Regional Office - South :	2^nd Floor, West Wing, Corniche Al- Latheef No. 25, Cunningham Road, Bangalore – 560052, Karnataka, India
Tel. No.:	91-80-45354666
Fax No.:	91-80-41150587
E-Mail :	bd_india@bd.com
Regional Office - East :	Altee Plaza. AN Block Salt Lake, Naya Patty Pachimpara, Kolkata – 700102, West Bengal, India
Tel. No.:	91-33-23671230 -31
Fax No.:	91-33-2671232
E-Mail :	bd_india@bd.com
Regional Office - West :	Booomerang A-Wing, Unit No. 310, Third Floor, Chandivali Farm Road, Chandivali, Near Powai, Andheri – (East), Mumbai – 400076, Maharashtra, India
Tel. No.:	91-22-28582430-32
Fax No.:	91-22-28582428
E-Mail :	bd_india@bd.com

DIRECTORS

As on : 15.12.2014

Name :

Mr. Chittranjan Dua

Designation :

Director

Address :

5C, Sagar Apartments, 6Tilak Marg, New Delhi, India

Date of Birth/Age :

03.11.1951

Date of Appointment :

30.12.2011

DIN No.:

00036080

PAN No.:

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	U21098MH1962PLC012488	CABOT INDIA LIMITED	Director	09/04/1987	09/04/1987	-	Active	NO
2	U64203DL1987PTC029740	LINDE ENGINEERING INDIA PRIVATE LIMITED	Director	11/11/1987	11/11/1987	-	Active	NO
3	U32109DL1990FTC039906	STMICROELECTRONICS PRIVATE LIMITED	Director	19/04/1990	19/04/1990	10/09/2007	Active	NO
4	U74899DL1993PTC055015	MCDONALD'S INDIA PRIVATE LIMITED	Director	30/08/1993	30/08/1993	-	Active	NO
5	U19202DL1993PTC052247	FILA SPORT INDIA PRIVATE LIMITED	Director	22/11/1993	22/11/1993	26/03/2015	Active	NO
6	U74899DL1993PTC056590	LEXSPHERE PRIVATE LIMITED.	Director	22/12/1993	22/12/1993	26/03/2015	Active	NO
7	U74899DL1989PTC038649	RESULT SERVICES PRIVATE LIMITED	Director	02/05/1995	02/05/1995	-	Active	NO
8	U74899DL1979PTC009714	ASSOCIATED CORPORATE CONSULTANTS INDIA PRIVATE LIMITED	Director	02/05/1995	02/05/1995	-	Active	NO
9	U74899DL1995PTC068500	PBE INDIA PRIVATE LIMITED	Director	15/05/1995	15/05/1995	-	Under liquidation	NO
10	U65993DL1979PTC009973	AMIT INVESTMENTS PRIVATE LIMITED	Director	19/07/1995	19/07/1995	-	Active	NO
11	U74899DL1995PTC064117	BECTON DICKINSON INDIA PRIVATE LIMITED.	Alternate director	30/12/2011	18/12/1995	-	Active	NO
12	U25209DL1996PTC078605	TUPPERWARE INDIA PRIVATE LIMITED	Director	01/05/1996	01/05/1996	13/01/2010	Active	NO
13	U33112HR1996PTC038528	BAXTER INDIA PRIVATE LIMITED	Director	11/06/1996	11/06/1996	18/04/2008	Active	NO
14	U40109DL1997FTC085582	EMERSON PROCESS MANAGEMENT POWER AND WATER SOLUTIONS INDIA PRIVATE LIMITED	Director	26/03/1997	26/03/1997	-	Active	NO
15	U24291MH1923PLC001082	WIMCO LIMITED	Director	21/04/1998	21/04/1998	-	Active	NO
16	U74999DL2000PTC103170	ELCA COSMETICS PRIVATE LIMITED	Director	10/01/2000	10/01/2000	20/10/2009	Active	NO
17	U74899DL1992PTC051031	INAPEX PRIVATE LIMITED	Director	06/09/2001	06/09/2001	-	Active	NO
18	L35921TN1992PLC022845	TVS MOTOR COMPANY LIMITED	Director	14/07/2014	27/12/2001	-	Active	NO
19	L28931RJ1984PLC002890	GILLETTE INDIA LIMITED	Director	31/07/2002	31/07/2002	-	Active	NO
20	U74200KA1997PTC023189	UL INDIA PRIVATE LIMITED	Director	03/04/2003	03/04/2003	-	Active	NO
21	L33301DL1988PLC033434	Timex Group India Limited	Alternate director	28/05/2009	19/01/2004	30/07/2009	Active	NO
22	U74899DL1995PTC070306	CONNAUGHT PLAZA RESTAURANTS PRIVATE LIMITED	Alternate director	24/02/2005	24/02/2005	18/08/2008	Active	NO
23	U29199DL2005FTC142899	LAF FIRE SAFETY SYSTEMS INDIA PVT LTD	Director	23/11/2005	23/11/2005	19/12/2006	Active	NO
24	U72300DL2006PTC149510	Van Softech Solutions One Private Limited.	Director	06/06/2006	06/06/2006	25/07/2007	Under Process of Striking off	NO
25	U74996DL2006PTC150392	Van Films Remake Three India Private Limited.	Director	29/06/2006	29/06/2006	25/07/2007	Active	NO
26	U74996DL2006PTC150838	Van Films Remake One India Private Limited.	Director	11/07/2006	11/07/2006	25/07/2007	Under Process of Striking off	NO
27	U21022DL2006PTC152671	Cadmus Packaging Private Limited	Director	29/08/2006	29/08/2006	01/09/2008	Active	NO
28	U29118DL2006PTC152991	Noske-Kaeser India Private Limited	Director	04/09/2006	04/09/2006	22/06/2007	Active	NO
29	L74899DL1989PLC036849	Pearl Global Industries Limited	Director	12/09/2006	12/09/2006	-	Active	NO
30	U32200MH1992PLC119108	VODAFONE INDIA LIMITED	Director	15/06/2007	27/09/2006	-	Active	NO
31	U34300DL1996FTC078874	STANLEY WORKS (INDIA) PRIVATE LIMITED	Director	28/09/2007	22/11/2006	08/10/2009	Active	NO
32	U74140DL2006FTC155125	Alcoa India Private Limited	Alternate director	11/06/2007	20/12/2006	12/02/2014	Active	NO
33	U13203DL2007PTC158380	Land Minerals Exploration Private Limited	Director	24/01/2007	24/01/2007	-	Strike off	NO
34	U13203DL2007PTC158515	CCRI Exploration Private Limited	Director	29/01/2007	29/01/2007	-	Strike off	NO
35	U63040DL2006PTC154671	Universal Weather and Aviation India Private Limited	Director	31/01/2007	31/01/2007	04/10/2011	Active	NO
36	U14291DL2007PTC158715	Newfound Exploration Private Limited	Director	02/02/2007	02/02/2007	-	Strike off	NO
37	U65910DL1985PTC020969	MCCANN-ERICKSON INDIA PRIVATE LIMITED	Director	06/02/2007	06/02/2007	-	Active	NO
38	U40101TN2007PTC086532	Allison Transmission India Private Limited	Director	30/05/2007	30/05/2007	01/05/2008	Active	NO
39	U72900DL2007PTC170969	SingTel Global (India) Private Limited	Director	03/12/2007	03/12/2007	06/12/2007	Active	NO
40	U34102GJ2008PTC054265	CHEVROLET SALES INDIA PRIVATE LIMITED	Director	20/06/2008	20/06/2008	14/08/2008	Active	NO
41	U72300TN1996PTC036570	SELLA SYNERGY INDIA Private LIMITED	Director	08/04/2010	17/04/2009	-	Active	NO
42	U29129TN1960PLC004337	TRACTORS AND FARM EQUIPMENT LIMITED.	Director	16/03/2015	25/01/2011	-	Active	NO
43	U18101DL2013PTC248406	NORLING PRIVATE LIMITED	Director	18/02/2013	18/02/2013	-	Strike off	NO

Name :

Mr. Gary M Defazio

Designation :

Director

Address :

4, Herman Way, Towaco, New Jersey, USA

Date of Birth/Age :

09.08.1964

Date of Appointment :

30.09.2003

DIN No.:

00825848

Name :

Mr. Ravi Dawar

Designation :

Director

Address :

C-408, Defence Colony, New Delhi- 110024, India

Date of Birth/Age :

20.12.1965

Date of Appointment :

15.12.2014

DIN No.:

02266961

Name :

Mr. Bhupinder Pal Singh

Designation :

Director

Address :

9 TG RHU Road, #23-01, Singapore - 436894

Date of Birth/Age :

24.11.1964

Date of Appointment :

19.09.2014

DIN No.:

05245699

Name :

Mr. Varun Shadilal Khanna

Designation :

Director

Date of Appointment :

10.03.2014

DIN No.:

03584124

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	U85100MH2005PTC154823	HIRANANDANI HEALTHCARE PRIVATE LIMITED	Director	12/09/2011	18/08/2011	15/01/2014	Active	NO
2	U85100DL2011PLC217500	FORTIS LA FEMME LIMITED	Director	28/09/2012	06/09/2011	01/12/2012	Active	NO
3	U85190DL2011PLC217462	Fortis Health Management (East) Limited	Director	27/09/2012	15/11/2011	05/01/2014	Active	NO
4	U93000DL2009PLC222166	FORTIS HOSPITALS LIMITED	Whole-time director	01/12/2012	01/12/2012	29/08/2013	Active	NO
5	U74899DL1995PTC064117	BECTON DICKINSON INDIA PRIVATE LIMITED.	Managing director	10/03/2014	10/03/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Kishor
Designation :	Account Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 15.12.2014

Names of Shareholders	No. of Shares
Becton Dickinson Holdings PTE Limited, Singapore	999980
Becton Dickinson Insulin Syringe Limited, Grand Cayman Islands	20
Total	1000000

As on : 15.12.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Developers, Manufacturers and Sells of medical devices, instrument systems and Reagents.

Products :

Product Description	Item Code No. (ITC Code)
INSTRMNTS & APPLNCS USEDI NMDCL,SURGCL ,DNTL/VTRNRYSCNCS,INCLSCNTGRPHCA PPRT SELCTRO-MDCLAPPRTS &SIGHT-TSTNGINSTRMNT	9018
OTHER professional, Technical And business services	9983

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

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	Bank of America
Branch Address	DCM Building, Barakhamba Road, New Delhi – 110001, 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
Banker Name	Citi Bank N.A.
Branch Address	Jeevan Bharti Building, Connought Place, New Delhi – 110001, India
Banker Name	Standard Chartered Bank
Branch Address	Credit Risk Control, Marian Manzil, 23 Barakhamba Road, New Delhi – 110001, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Loans repayable on demand from banks	67.200	204.000
(Cash credit from Bank)
Total	67.200	204.000

Auditors :
Name :	S.R. Batliboi and Company LLP Chartered Accountant
Address :	Gurgaon, Haryana, India
PAN No.:	AALFS0506L
Holding Company:	Becton Dickinson and Company, USA, Ultimate Holding Company Becton Dickinson Holding Pte Ltd., Singapore, Holding Company (w.e.f. March 29, 2012) Becton Dickinson (Mauritius) Limited, Holding Company (till March 28, 2012) Becton Dickinson Holding Pte Ltd., Singapore Becton Dickinson (Mauritius) Limited Becton Dickinson Holding Pte Ltd.
Ultimate Holding Company:	Becton Dickinson and Company, USA, Ultimate Holding Company Becton Dickinson and Company, USA
Memberships :	Not Available
Collaborators :	Not Available
Associates/Fellow Subsidiaries :	Becton Dickinson Asia Ltd., Hong Kong Becton Dickinson Pty. Ltd., Australia Becton Dickinson Biosciences, USA Becton Dickinson France, S.A., France Benex Limited, Ireland Becton Dickinson Infusion Therapy AB, Sweden Becton Dickinson Asia Ltd. , HongKong Becton Dickinson International Becton Dickinson Medical Devices Co.Ltd, China Becton Dickinson Medical Products Pte Ltd., Singapore Becton Dickinson Biosciences, USA Becton Dickinson Medical System Pte Ltd., Singapore Becton Dickinson Medical Products Pte Ltd., Singapore Becton Dickinson Pty. Ltd., Australia Becton Dickinson S.A. Spain Becton Dickinson, Korea Becton Dickinson, Tripath

CAPITAL STRUCTURE

As on : 15.12.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
160000000	Equity Shares	Rs.10/- each	Rs.160.000 Million
100000000	Preference Share	Rs.10/- each	Rs.100.000 Million
			Rs. 260.000 Million

Issued, Subscribed & Paid-up Capital :

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

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	10.000	10.000	10.000
(b) Reserves & Surplus	2125.100	1844.300	1614.200
(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)	2135.100	1854.300	1624.200
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(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	29.700	21.900	48.700
Total Non-current Liabilities (3)	29.700	21.900	48.700
(4) Current Liabilities
(a) Short term borrowings	67.200	204.000	58.200
(b) Trade payables	2690.500	2025.200	1882.500
(c) Other current liabilities	206.300	119.100	96.900
(d) Short-term provisions	71.000	104.100	49.000
Total Current Liabilities (4)	3035.000	2452.400	2086.600
TOTAL	5199.800	4328.600	3759.500
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1398.300	1239.600	1120.800
(ii) Intangible Assets	3.800	8.300	13.000
(iii) Capital work-in-progress	27.900	197.400	242.200
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	100.000	99.200	79.400
(d) Long-term Loan and Advances	411.800	418.000	476.600
(e) Other Non-current assets	43.100	78.200	81.400
Total Non-Current Assets	1984.900	2040.700	2013.400
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1792.900	1110.500	1029.400
(c) Trade receivables	1166.800	859.000	536.300
(d) Cash and cash equivalents	113.400	183.400	72.700
(e) Short-term loans and advances	128.700	121.700	98.800
(f) Other current assets	13.100	13.300	8.900
Total Current Assets	3214.900	2287.900	1746.100
TOTAL	5199.800	4328.600	3759.500

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	TOTAL INCOME	7242.500	5643.400	4766.600
Less	TOTAL EXPENSES	6796.900	5320.700	4253.500
	PROFIT/ (LOSS) BEFORE TAX	445.600	322.700	513.100
Less	TAX	164.800	92.600	170.000
	PROFIT/ (LOSS) AFTER TAX	280.800	230.100	343.100
	EARNINGS IN FOREIGN CURRENCY
	Canvassing and Warranty Commission	549.300	405.300	360.900
	F.O.B. Value of Exports	353.900	276.700	393.700
	Freight	679.300	270.200	0.000
	Insurance	16.100	15.900	16.600
	TOTAL EARNINGS	1049.300	562.800	410.300
	IMPORTS
	Raw Materials	704.100	544.100	558.600
	Trade Goods	3610.800	2881.300	1798.400
	Components and Stores parts	2.500	15.000	25.500
	Capital Goods	15.600	115.200	530.800
	TOTAL IMPORTS	4333.000	3555.600	2913.300
	Earnings / (Loss) Per Share (Rs.)	280.80	230.10	343.10

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	3.88	4.08	7.20
Operating Profit Margin (PBDIT / Sales)	(%)	0.00	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	8.79	8.00	14.92
Return on Investment (ROI) (PBT/Networth)		0.21	0.17	0.32
Debt Equity Ratio (Total Debt /Networth)		0.03	0.11	0.04
Current Ratio (Current Asset/Current Liability)		1.06	0.93	0.84

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	10.000	10.000	10.000
Reserves & Surplus	1614.200	1844.300	2125.100
Net worth	1624.200	1854.300	2135.100
long-term borrowings	0.000	0.000	0.000
Short term borrowings	58.200	204.000	67.200
Total borrowings	58.200	204.000	67.200
Debt/Equity ratio	0.036	0.110	0.031

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	4766.600	5643.400	7242.500
		18.395	28.336

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	4766.600	5643.400	7242.500
Profit	343.100	230.100	280.800
	7.20%	4.08%	3.88%

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	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	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	Yes
23]	Banking Details	Yes
24]	Banking facility details	Yes
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

LITIGATION

IN THE HIGH COURT OF DELHLAT NEW DELHI

RFA 429/2014

ALPHA and OMEGA DIAGNOSTICS (INDIA) LTD ….. Appellant

Through: Mr. Mahesh Katyayen, Adv.

Versus

M/S BECTON DICKISON (I) LTD ….. Respondent

Through: Ms. Archana Lakhotia, Adv.

CORAM:

MR. RAMESH CHAND, REGISTRAR (APPELLATE)

ORDER

21.04.2015

CM APPL. 14538/2014 (for condonation of delay of 58 days)

Counsel for the appellant states that the he filed rejoinder to the application on 20.04.2015 vide diary no. 200776, but the same is not on record. Counsel to check up with the registry and have the same placed on record before the text date hearing. Copy of the rejoinder has been given to counsel for respondent today in Court.

Re-notify on 13.05.2015

RAMESH CHAND

NOTE:

OPERATIONS

During the period the company’s Revenues in the current year grew by 28.34% over the previous annualized period. Corrective actions were taken in earlier years relating to stock imbalances in the distribution channels, enforcement of effective credit policies and rationalisation of distributors. The drive on the supply chain front to bring further operational efficiencies continues. The Company has achieved significant growth across most business segments.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10435481	13/06/2013	250,000,000.00	Citi Bank N.A.	JEEVAN BHARTI BUILDING, CONNOUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA	B79033643
2	80004247	19/09/2011 *	530,000,000.00	STANDARD CHARTERED BANK	CREDIT RISK CONTROL, NARAIN MANZIL, 23 BARAKHAMBA  ROAD, NEW DELHI, Delhi - 110001, INDIA	B21795786

* Date of charge modification

FIXED ASSETS

• Land
• Building
• Plant and Equipment
• Furniture and Fixture
• Vehicles
• Motor Vehicles
• Office Equipment
• Computer Equipment
• Leasehold improvement
• Tools, dies and moulds
• 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.63.57
UK Pound	1	Rs.100.29
Euro	1	Rs.72.37

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	KAR
Report Prepared by :	SUJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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		65

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.