MIRA INFORM REPORT

1. Summary Information

		Country	India
Company Name	NOVO MEDI SCIENCES PRIVATE LIMITED	Principal Name 1	Mrs. Anju Sunil Kaudanya
Status	Moderate	Principal Name 2	Mr. Vipul Rameshchandra Bhagat
		Registration #	--
Street Address	40-B/1, Shankar Smruti, Sir Bhalchandra Road, Dadar, Mumbai – 400014, Maharashtra, India
Established Date	29.06.2013	SIC Code	--
Telephone#	91-22-24148190	Business Style 1	Trading
Fax #	Not Available	Business Style 2	--
Homepage	http://www.novomedi.com	Product Name 1	Pharmaceutical Products
# of employees	15 (Approximately)	Product Name 2	Surgical Products
Paid up capital	Rs.100000/-	Product Name 3	--
Shareholders	Directors or relatives of Directors 100%	Banking	The Saraswat Cooperative Bank Limited
Public Limited Corp.	No	Business Period	2 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ca (11)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2015		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	8167000.00	Current Liabilities	0.00
Inventories	0.00	Long-term Liabilities	21751000.00
Fixed Assets	195000.00	Other Liabilities	10000.00
Deferred Assets	0.00	Total Liabilities	21761000
Invest& other Assets	12571000.00	Retained Earnings	(928000.00)
		Net Worth	(828000.00)
Total Assets	20933000.00	Total Liab. & Equity	20933000.00
Total Assets (Previous Year)	17954000.00
P/L Statement as of	31.03.2015		(Unit: Indian Rs.)
Total Income	541000.00	Net Profit	(828000.00)
Total Income (Previous yr)	251000.00	Net Profit(Prev.yr)	(822000.00)

Report No. :	345234.2
Report Date :	30.10.2015

IDENTIFICATION DETAILS

Name :	NOVO MEDI SCIENCES PRIVATE LIMITED
Registered Office :	40-B/1, Shankar Smruti, Sir Bhalchandra Road, Dadar, Mumbai – 400014, Maharashtra
Tel. No.:	91-22-24148190
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	29.06.2013
Com. Reg. No.:	11-245027
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U33110MH2013PTC245027
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAECN3915G
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of trading of Pharmaceutical and Surgical Products.
No. of Employees :	15 (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 relatively new company incorporated on 29^th June 2013 having moderate track. As per our source and investigation, we found that the company will start its business from December 2015 which was later confirmed by management of the company as well. Moreover, the company has incurred losses from its business activities during the year 2015 which is regarded as pre-operating expenses. As per status in the registrar of companies, business appears to be active. Payment terms are unknown. In view of aforesaid, the company can be considered for business dealings on a safe dealings on a 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

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 PARTED BY (GENERAL DETAILS)

Name :	Ms. Priyanka
Designation :	Accountant
Contact No.:	91-9967130391

LOCATIONS

Registered Office/ Head Office :	Shankar Smruti, Sir Bhalchandra Road, Dadar (East), Mumbai – 400014, Maharashtra, India
Tel. No.:	91-22-24148190
Mobile No.:	91-9967130391 (Ms. Priyanka)
Fax No.:	Not Available
E-Mail :	info@novomedi.com vipul@vhbgroup.com
Website :	http://www.novomedi.com
Location :	Rented
Locality :	Residential
Admin Office 1 :	1St Floor, Royal Status, Sir Bhalchandra Road, Dadar (East), Mumbai – 400014, Maharashtra, India
Tel. No.:	91-22-2414 4834
Admin Office 2 :	301, Royal Status, Sir Bhalchandra Road, Dadar (East), Mumbai – 400014, Maharashtra, India
Sales and Marketing Office	1, 2 Ground Floor, Suyash Height, Plot No 36, Sector 18, Kharghar, Navi Mumbai- 410210, Maharashtra, India
Tel. No.:	91- 22 65560111

DIRECTORS

As on 30.09.2014

Name :	Mrs. Anju Sunil Kaudanya
Designation :	Director
Address :	802-A, President Park CHS Limited, Sector No. 29, Plot No- 77, Vashi, Navi Mumbai-400705, Maharashtra, India
Date of Birth/Age :	01.02.1973
Date of Appointment :	29.06.2013
DIN No.:	01294050
Name :	Mr. Vipul Rameshchandra Bhagat
Designation :	Director
Address :	601 6 Mont Blanc, 550, Jame, Jamshed Road, Matunga (East), Mumbai-400019, Maharashtra, India
Date of Birth/Age :	04.07.1963
Date of Appointment :	29.06.2013
DIN No.:	01756677

KEY EXECUTIVES

Name :	Ms. Priyanka
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Anju Sunil Kaudanya	7000
Vipul Rameshchandra Bhagat	2500
Pratibh Agarwal	500
Jaishree Agarwal	500

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of trading of Pharmaceutical and Surgical Products.
Products :	· Pharmaceutical Products · Surgical Products
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Divulged
Terms :
Selling :	Credit
Purchasing :	Credit

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 :

15 (Approximately)

Bankers :

Bank Name	The Saraswat Co-operative Bank Limited
Branch	Dadar (East), 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 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

Bank Name	Axis Bank Limited
Branch	Dadar Branch, Mumbai, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	913020038135953
IFSC Code :	UTIB0000124
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 :
Name :	Janak Majethia and Associates Chartered Accountants
Address :	304, 3rd Floor, Royal Crest, L.T. Colony Road No.3, Dadar (East), Mumbai-400014, Maharashtra, India
Tel. No.:	91-22-24178039
PAN N Income-tax PAN of auditor or auditor's firm :	ASPLM0208A
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	(0.928)	(0.922)
(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)	(0.828)	(0.822)
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	21.751	18.776
(b) Trade payables	0.000	0.000
(c) Other current liabilities	0.010	0.000
(d) Short-term provisions	0.000	0.000
Total Current Liabilities (4)	21.761	18.776
TOTAL	20.933	17.954
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.195	0.083
(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	0.000	0.000
Total Non-Current Assets	0.195	0.083
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	0.000	0.000
(d) Cash and cash equivalents	0.688	0.616
(e) Short-term loans and advances	7.479	17.231
(f) Other current assets	12.571	0.024
Total Current Assets	20.738	17.871
TOTAL	20.933	17.954

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014
	SALES
	Income	0.000	0.000
	Other Income	0.541	0.251
	TOTAL (A)	0.541	0.251
Less	EXPENSES
	Employees benefits expense	0.094	0.775
	Other expenses	0.359	0.373
	TOTAL (B)	0.453	1.148
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	0.088	(0.897)
Less	FINANCIAL EXPENSES (D)	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	0.088	(0.897)
Less/ Add	DEPRECIATION/ AMORTISATION (F)	0.094	0.025
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(0.006)	(0.922)
Less	TAX (H)	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	(0.006)	(0.922)
	Earnings / (Loss) Per Share (Rs.)	(0.60)	(92.20)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2014
Current Maturities of Long term debt	NA	NA
Cash generated from operations	NA	NA
Net cash flows from (used in) operation	NA	NA

KEY RATIOS

PARTICULARS	31.03.2015	31.03.2014
Net Profit Margin (PAT / Total Income)	(1.11)	(367.33)
Return on Total Assets (PBT/Total Assets}	(0.03)	(5.14)
Return on Investment (ROI) (PBT/Networth)	0.01	1.12
Debt Equity Ratio (Total Debt /Networth)	(26.27)	(22.84)
Current Ratio (Current Asset/Current Liability)	0.95	0.95

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)
Share Capital	0.100	0.100
Reserves & Surplus	(0.922)	(0.928)
Net worth	(0.822)	(0.828)
long-term borrowings	0.000	0.000
Short term borrowings	18.776	21.751
Total borrowings	18.776	21.751
Debt/Equity ratio	(22.842)	(26.269)

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)
Total Income	0.251	0.541
		115.538

NET PROFIT MARGIN

Net Profit Margin	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)
Sales	0.251	0.541
Profit/ (Loss)	(0.922)	(0.006)
	(367.33%)	(1.11%)

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	No
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	Yes
26]	Turnover of firm for last two years	Yes
27]	Reasons for variation <> 20%	--
28]	Estimation for coming financial year
29]	Profitability for last about two 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

UNSECURED LOAN

PARTICULARS	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Long-term Borrowings
Vipul Bhagat	21.751	18.776
Total	21.751	18.776

INDEX OF CHARGES NO CHARGES EXIST FOR COMPANY

FIXED ASSETS

• Fridge
• Computer
• Projector
• Furniture

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 records 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 records 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.64.95
UK Pound	1	Rs.99.73
Euro	1	Rs.71.84

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	HNA
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	1
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	NO
--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.