MIRA INFORM REPORT

Report No. :	344857
Report Date :	14.10.2015

IDENTIFICATION DETAILS

Name :	ODISHA STATE MEDICAL CORPORATION LIMITED
Registered Office :	JT. DIR. SDMU Orissa, Info-Ram Mandir, Convent Square, Bhubaneswar – 751007, Orissa
Tel. No.:	91-674-2380660
Country :	India
Financials (as on) :	Not Available
Date of Incorporation :	08.11.2013
Com. Reg. No.:	15-017541
Capital Investment / Paid-up Capital :	Rs.100.000 Million
CIN No.: [Company Identification No.]	U74140OR2013SGC017541
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 act as an independent procurement agency for the Department of Health and Family Welfare, Government of Odisha. Subject has the key functions like timely procurement of quality medicines, surgical, equipment, instruments, furniture etc. through fair, transparent and competitive bidding process.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

B (28)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Odisha State Medical Corporation Limited (OSMCL) has been incorporated on 8th November 2013 to act as an independent procurement agency for the Department of Health and Family Welfare, Government of Odisha. Financials for the Year ended 2014 has not been available from any sources and same has not been filed with the statutory authority. The OSMCL has the key functions like timely procurement of quality medicines, surgical, equipment, instruments, furniture etc. through fair, transparent and competitive bidding process. The company also provides other function like, Management of Central Drug Warehouses at District level to ensure smooth supply to health facilities, Management of logistics, Provide Equipment Management Support at periphery and tertiary health institutions and Provide integrated IT System for inventory Management. In a view of aforesaid, the company can be considered for business dealing with some cautions.

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 31-03-2015.

INFORMATION DECLINED BY

Name :	Ms. Ashwini Mishra
Designation :	G M admin and HR
Contact No.:	91-674-2380660/950
Date :	14.10.2015

LOCATIONS

Registered Office :	JT. DIR. SDMU Orissa, Info-Ram Mandir, Convent Square, Bhubaneswar – 751007, Orissa, India
Tel. No.:	91-674-2380660/950
Fax No.:	Not Available
E-Mail :	dashbijaya62@hotmail.com

DIRECTORS

AS ON 31.03.2015

Name :	Roopa Mishra
Designation :	Managing director
Address :	Sahidnagar, Bhubaneswar - 751007, Orissa, India
Date of Birth/Age :	09.06.1977
Date of Appointment :	08.11.2013
DIN No.:	03204273
Name :	Mr. Hrushikesh Mahapatra
Designation :	Director
Address :	LIG-109, Brit Colony, Nayapalli, Bhubaneswar - 751012, Orissa, India
Date of Appointment :	08.11.2013
DIN No.:	06722181
Name :	Mr. Biraj Kumar Das
Designation :	Director
Address :	Plot No.-443(P),Sahid Nagar, Near Sahid Sporting Cricket Field, Bhubaneswar - 751007, Orissa, India
Date of Appointment :	08.09.2014
DIN No.:	06972360
Name :	Mr. Chittaranjan Nayak
Designation :	Director
Address :	Jobra Road, Mangalabag, Cuttack - 753003, Orissa, India
Date of Appointment :	08.09.2014
DIN No.:	06972360
Name :	Arti Ahuja
Designation :	Director
Address :	QTR No. VIIIC-1, UNIT-1, Forest Park, Bhubaneswar - 751009, Orissa, India
Date of Appointment :	08.09.2014
DIN No.:	06996105
Name :	Mr. Poornalingam Ramasubramaniam
Designation :	Director
Address :	10, I Cross Street, Indira Nagar, Chennai, 600020, Tamilnadu, India
Date of Appointment :	07.03.2015
DIN No.:	00955742
Name :	Mr. Pratap Chandra Behera
Designation :	Director
Address :	Plot No-2304(10), Old Town,, Shetalasasthi Lane, Bhubaneswar - 751002, Orissa, India
Date of Appointment :	28.02.2015
DIN No.:	07110962
Name :	Mr. Prakash Chandra Mohapatra
Designation :	Director
Address :	SCB Medical College, Ranihat, Medical Road, S.O Q.No-2,, Cuttack - 753007, Orissa, India
Date of Appointment :	09.07.2015
DIN No.:	07195992
Name :	Mr. Akshaya Kumar Parida
Designation :	Director
Address :	HIG-107, Phase-I, Kanan Vihar, C.S Pur, Bhubaneswar - 751031, Orissa, India
Date of Appointment :	09.07.2015
DIN No.:	03641348
Name :	Mr. Pradeep Kumar Biswal
Designation :	Director
Address :	Qrs 3R - 160, Road -1, Unit-9, Bhubaneswar, Bhubaneswar - 751007, Orissa, India
Date of Appointment :	09.07.2015
DIN No.:	03507026

KEY EXECUTIVES

Name :	Mr. Pravat Kumar Sahu
Designation :	Secretary
Address :	Prusty Bagicha, Gosala Road, Nayabazar, Cuttack - 753004, Orissa, India
Date of Appointment :	27.05.2014
PAN No.:	ALSPS3503K
Name :	Mr. Sanjay Kumar Pramanik
Designation :	Chief Finance Officer
Address :	Plot No.337, Infront Of Ram Mandir,Convent Square, Bhubaneswar - 751007, Orissa, India
Date of Appointment :	09.07.2015
PAN No.:	AFZPP4783R
Name :	Ms. Ashwini Mishra
Designation :	G M admin and HR

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 26.10.2013

Names of Shareholders	No. of Shares
Governor of Odisha represented by Pradipta Kumar Mahapatra	2500
Governor of Odisha represented by Roopa Mishra	2500
Governor of Odisha represented by Lokeshwar Sahoo	1000
Governor of Odisha represented by Nalini Kanta Das	1000
Governor of Odisha represented by Dr .Sonamali Bag	1000
Governor of Odisha represented by Ashwini Kumar Mishra	1000
Governor of Odisha represented by Hrushikesh Mahapatra	1000
Total	10000

AS on 26.06.2014

Names of Allottees	No. of Shares
Governor of Odisha Bhubaneswar	990000
Total	990000

BUSINESS DETAILS

Line of Business :	Subject act as an independent procurement agency for the Department of Health and Family Welfare, Government of Odisha. Subject has the key functions like timely procurement of quality medicines, surgical, equipment, instruments, furniture etc. through fair, transparent and competitive bidding process.
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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 :

Information declined by the management

Bankers :

Banker Name	Not Divulged
Branch Address	Not Divulged
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

Auditors :	Not Divulged
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.100/- each	Rs. 100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.100/- each	Rs. 100.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

NOT AVAILABLE

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	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	No
21	Banking facility details	No
22	Conduct of the banking account	--
23	Financials, if provided	No
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	No
26	Turnover of firm for last three years	No
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	No
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	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No 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.65.02
UK Pound	1	Rs.99.89
Euro	1	Rs.73.92

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KAS
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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.