MIRA INFORM REPORT

Report No. :	321690
Report Date :	28.05.2015

IDENTIFICATION DETAILS

Name :	HI-TEK OTS PRIVATE LIMITED
Registered Office :	346, Sultanpur, M.G. Road, New Delhi – 110030
Tel. No.:	91-11-26801059
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	22.12.2011
Com. Reg. No.:	55-229117
Capital Investment / Paid-up Capital :	Rs. 5.000 Million
CIN No.: [Company Identification No.]	U74140DL2011PTC229117
IEC NO	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Importer and Exporter of Medical Equipment’s
No. of Employees :	76 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (13)

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 was stared as a proprietary concern and later converted into private limited in the year 2011. Management of the company has failed to file its financial for the year 2014 with government department. Mr. Karan (sales and marketing manager) claimed that the company will close after one month because of sales problems. Financial of the company in the year 2013 was moderate. Trade relations are reported as fair. Business is active. Payment terms are unknown. The company can be considered for the business dealings with full secured trade terms.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION PARTED BY (GENERAL INFORMATION)

Name :	Mr. Karan Kumar
Designation :	Sales and Marketing Manager
Contact No.:	91-9212488715
Date :	13.05.2015

LOCATIONS

Registered Office/ Factory :	346, Sultanpur, M.G. Road, New Delhi – 110030, India
Tel. No.:	91-11-26801059
Mobile No.:	91-9212488715 (Mr. Karan)
Fax No.:	Not Available
E-Mail :	info_infotech@yahoo.co.in hitekmedical@yahoo.co.in
Website :	http://www.hitekmedical.co.in
Area :	33000 Sq. Ft
Location :	Rented

DIRECTORS

As on 30.09.2013

Name :

Mr. Suresh Kumar

Designation :

Director

Address :

315/12, Chandan Vihar, West Sant Nagar, Burari, Delhi – 110084, India

Date of Appointment :

22.12.2011

DIN No.:

02683570

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	U33111DL2009PTC194666	HYLINE MEDICONZ PRIVATE LIMITED	Director	24/09/2009	24/09/2009	-	Active	NO
2	U74140DL2011PTC229117	Hi-Tek OTs Private Limited	Director	22/12/2011	22/12/2011	-	Active	NO

Name :

Mr. Dinesh Kumar

Designation :

Director

Address :

H No.-E 3, Bhim Colony, Village Carterpuri, Gurgaon - 122009, Haryana, India

Date of Appointment :

22.12.2011

DIN No.:

05113829

Name :

Mr. Ajay Chadha

Designation :

Additional Director

Address :

H. No. 40, Green Park Extension, New Delhi – 110016, India

Date of Birth:

31.01.1965

Date of Appointment :

31.08.2012

DIN No.:

01270610

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	U45403DL2007PTC158356	Metaflex Doors India Private Limited	Director	31/01/2007	31/01/2007	26/06/2008	Active	NO
2	U33111DL2009PTC194666	HYLINE MEDICONZ PRIVATE LIMITED	Director	24/09/2009	24/09/2009	-	Active	NO
3	U51909WB2005PTC101731	BRAGGART VYAPAAR PRIVATE LIMITED	Additional director	20/01/2010	20/01/2010	-	Strike off	NO
4	U51109WB2009PTC137183	DIGNITY PRATISTHAN PRIVATE LIMITED	Director	02/03/2010	02/03/2010	-	Under Process of Striking off	NO
5	U51909WB2009PTC138472	BAJARANGBALI TIEUP PRIVATE LIMITED	Director	04/03/2010	04/03/2010	-	Under Process of Striking off	NO
6	U51909WB2009PTC137282	MANGALSHREE PRATISTHAN PRIVATE LIMITED	Director	09/04/2010	09/04/2010	08/03/2013	Active	NO
7	U51909WB2009PTC138485	SMART MERCHANDISE PRIVATE LIMITED	Director	13/04/2010	13/04/2010	08/03/2013	Active	NO
8	U20232DL2012PTC239167	Silver Hyline Solutions Private Limited	Director	24/07/2012	24/07/2012	-	Active	NO
9	U74140DL2011PTC229117	Hi-Tek OTs Private Limited	Additional director	31/08/2012	31/08/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Karan Kumar
Designation :	Sales and Marketing Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares	%age holding
Suresh Kumar	250,000	50.00
Dinesh Kumar	250,000	50.00
Total	500,000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Importer and Exporter of Medical Equipment’s.
Products :	Modular Pre-fabricated Operating Room Air and Light Integrated Planair Laminar Flow o Air and Light Plenum o Mini Pleat Hepa Plenum of various sizes and capacities Operating Theatre Equipment, Accessories and Fixtures o Hermetically Sealed Sliding Door o X-Ray View and Dirty Hatch o Pressure Release Damper o Anti Static Conducting Flooring o ICU Pendant o Vertical Bed Head panel o Scrub Sink etc.
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :
Products :	Medical Equipment’s
Countries :	Nepal Dubai UAE etc.
Imports :
Products :	Raw Material
Countries :	USA UK China etc.
Terms :
Selling :	Cheque
Purchasing :	Cheque

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

End Users

Customers :

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 :

76 (Approximately)

Bankers :

Bank Name	HDFC Bank Limited
Branch	M C Road Branch
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Short-term borrowings
Short Term Loan – Others (Hypothecation against Car)	0.370	0.282
Short Term Loan	1.377	0.000
Total	1.747	0.282

Auditors :
Name :	Vishnoi Manoj and Associates Chartered Accountants
Address :	1604, Nirmal Tower, 26, Barakhamba Road, Connaught Place, New Delhi – 110001, India
E-Mail :	vishnoimanoj_associates@yahoo.com
PAN N Income-tax PAN of auditor or auditor's firm :	AKKPV7908A
Memberships :	Not Available
Collaborators :	Not Available
Related Parties :	Hyline Mediconz Private limited Indemand Solutions

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
500,000	Equity Shares	Rs.10/- each	Rs.5.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
500,000	Equity Shares	Rs.10/- each	Rs.5.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	5.000	5.000
(b) Reserves & Surplus	1.727	0.485
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	6.727	5.485
(3) Non-Current Liabilities
(a) long-term borrowings	6.223	0.000
(b) Deferred tax liabilities (Net)	0.172	0.146
(c) Other long term liabilities	0.440	0.106
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	6.835	0.252
(4) Current Liabilities
(a) Short term borrowings	1.747	0.282
(b) Trade payables	29.232	23.193
(c) Other current liabilities	2.782	9.035
(d) Short-term provisions	0.567	0.072
Total Current Liabilities (4)	34.328	32.582
TOTAL	47.890	38.319
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	4.441	3.783
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(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	0.000	0.000
(e) Other Non-current assets	1.142	0.792
Total Non-Current Assets	5.583	4.575
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	1.476	2.081
(c) Trade receivables	36.039	27.387
(d) Cash and cash equivalents	2.934	3.036
(e) Short-term loans and advances	1.754	1.122
(f) Other current assets	0.104	0.118
Total Current Assets	42.307	33.744
TOTAL	47.890	38.319

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012
	SALES
		TOTAL SALES	NA	NA
Less	EXPENSES
		TOTAL EXPENSES	NA	NA
	PROFIT/(LOSS) BEFORE TAX		NA	NA
Less	TAX		NA	NA
	PROFIT/(LOSS) AFTER TAX		1.209	0.485
	Earnings Per Share (Rs.)		2.42	0.97

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA
Cash generated from operations	NA	NA

KEY RATIOS

PARTICULARS	31.03.2013	31.03.2012
Debt Equity Ratio (Total Debt /Networth)	1.18	0.05
Current Ratio (Current Asset/Current Liability)	1.23	1.04

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	(Rs. In Million)	(Rs. In Million)
Share Capital	5.000	5.000
Reserves & Surplus	0.485	1.727
Money received against share warrants	0.000	0.000
Share Application money pending allotment	0.000	0.000
Net worth	5.485	6.727
long-term borrowings	0.000	6.223
Short term borrowings	0.282	1.747
Total borrowings	0.282	7.970
Debt/Equity ratio	0.051	1.185

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	Yes
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)	Yes
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	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last One Years Three Month	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last One Years Three Month	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

Unsecured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Long Term Loan
From Bank	1.550	0.000
From other	4.673	0.000
Short-term borrowings
Total	6.223	0.000

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Computer
• Furniture and Fixture
• Generator
• Jigs and Tools
• Plant and Machinery
• Office Equipment
• Vehicles

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.63.90
UK Pound	1	Rs.98.16
Euro	1	Rs.69.73

INFORMATION DETAILS

Information Gathered by :	KAM
Analysis Done by :	KIN
Report Prepared by :	PJA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--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	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		13

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.