MIRA INFORM REPORT

Report No. :	484658
Report Date :	09.01.2018

IDENTIFICATION DETAILS

Name :	ZEE LABORATORIES LIMITED (w.e.f. 25.04.2008)
Formerly Known As :	ZEE HERBAL LABORATORIES PRIVATE LIMITED
Registered Office :	913, D-Mall, Netaji Subhash Place, Pitampura, Delhi - 110034
Tel. No.:	91-11-45074746, 45087722
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	23.09.1994
Com. Reg. No.:	55-061704
Capital Investment / Paid-up Capital :	INR 100.935 Million
CIN No.: [Company Identification No.]	U74899DL1994PLC061704
GSTIN:	Not Divulged
IEC No.:	Not Divulged
TIN No:	02040200550
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACZ1397A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in manufacturing Pharmaceutical, Herbal and Cosmetic products. [Registered Activity and also Confirmed by management]
No. of Employees :	700 (Approximately)

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Maximum Credit Limit :	USD 2200000
Status :	Good
Payment Behaviour :	Usually Correct
Litigation :	Exist
Comments :	Zee Laboratories was incorporated in the year 1994. It is manufacturer and exporter of Pharmaceutical Herbal and Cosmetic Products. For the financial year 2016, the revenue of the company has increased by 5.27% and has maintained healthy profitability margin of 14.74% during the year under review. The sound financial profile of the company is marked by adequate networth base along with negligible debt level. The company has given an output of INR 33.40 in the EPS section as compared to its original face value of INR 10. The rating takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters. Trade relations are reported as good. Business is active. Payment terms are reported to be Usually correct. In view of long standing record and the financials, the company can be considered normal for business dealings at the specified terms and conditions. Note: As per the Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to financial for the year 31.03.2017 are not available from any sources.

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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 31-03-2016.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 09.01.2018

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

INFORMATION DENIED BY

Name :	Mr. Dinesh Kakar
Designation :	Director
Contact No.:	91-184-2267312
Date :	09.01.2018

LOCATIONS

Registered Office :	913, D-Mall, Netaji Subhash Place, Pitampura, Delhi - 110034
Tel. No.:	91-11-45074746, 45087722
Mob. No:	91-9996781530 (Mr. Shetty)
Fax No.:	Not Available
E-Mail :	cssanjaybansal@zeelab.co.in corp@zeelab.co.in info@zeelab.co.in sales@zeelab.co.in
Website :	www.zeelaboratories.com
Location:	Owned
Locality:	Commercial
Sales / Branch Office :	Sham Nagar, G.T. Road, Karnal-132001, Haryana, India
Tel. No.:	91-184-4042050
E-Mail :	sales@zeelab.co.in sales@zeelaboratories.com
Factory 1 :	Uchani, G.T. Road, Karnal-132001, Haryana, India
Tel. No.:	91-184-2267310, 2267312
Fax No.:	91-184-2267344
E-Mail :	info@zeelab.co.in zee@zeelab.co.in
Factory 2 :	Behind 47, Industrial Area, Gondpur, Paonta Sahib -173025, Himachal Pradesh, India
Tel. No.:	91-1704-265041 / 42/ 265132 /91-1704-265043 / 44
Fax No.:	91-1704-265043/ 265135
E-Mail :	hp@zeelab.co.in zeeltd@zeelab.co.in
Factory 3 :	Lanark Laboratories, Gondpur, Paonta Sahib -173025, Himachal Pradesh, India

DIRECTORS

AS ON 31.03.2017

Name :

Mr. Rajeev Mukul

Designation :

Managing Director

Address :

House No. 994, Sector 13, Urban Estate, Karnal – 132001, Haryana, India

Date of Birth/Age :

14.11.1963

Qualification :

Graduation

Date of Appointment :

23.09.1994

PAN No.:

AEHPM9586J

DIN No.:

01090570

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U55101DL1999PTC314403	LIONS HOTELS AND RESORTS.(INDIA) PRIVATE LIMITED	18/04/2013	-
U24232HP2003PLC026183	ZEE BIOSCIENCES LIMITED	11/07/2003	-
U25190DL1997PTC088697	ASIAN RECLAMATION PRIVATE LIMITED	19/09/2016	-
U24232DL2001PTC111048	LANARK LABORATORIES PRIVATE LIMITED	01/08/2010	-
U51909DL2002PLC116110	LANARK OVERSEAS LIMITED	05/07/2002	-
U45209DL2006PTC156917	JJ LOGISTICS & TECHNOPARK PRIVATE LIMITED	01/04/2011	-
U55101DL2008PLC180356	OXYZEN HOTELS LIMITED	01/09/2011	-
U55101DL2010PTC205366	DEVENTURE HOTEL AND RESORTS PRIVATE LIMITED	06/07/2010	-
U52390DL2014PLC265498	BIO BEAUTY LIMITED	27/02/2014	-
U55204DL2016PTC300116	DEVENTURE HOSPITALITY PRIVATE LIMITED	20/05/2016	-
U24297DL2016PTC300798	ZEE PARENTERAL PRIVATE LIMITED	02/06/2016	-

Name :

Mr. Dinesh Kakar

Designation :

Director

Address :

House No. 113-L, Model Town, Karnal-132001, Haryana, India

Date of Birth/Age :

08.01.1976

Qualification :

Graduation

Date of Appointment :

10.04.2003

PAN No.:

AJXPK1223B

DIN No.:

01113121

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U55101DL1999PTC314403	LIONS HOTELS AND RESORTS.(INDIA) PRIVATE LIMITED	18/04/2013	-
U24232HP2003PLC026183	ZEE BIOSCIENCES LIMITED	11/07/2003	-
U24232DL2001PTC111048	LANARK LABORATORIES PVT LTD	01/07/2003	-
U24232DL2001PTC111537	ANTEK DRUGS PRIVATE LIMITED	24/02/2015	-
U51909DL2002PLC116110	LANARK OVERSEAS LIMITED	21/11/2003	-
U55101DL2008PLC180356	OXYZEN HOTELS LIMITED	01/09/2011	-
U52390DL2014PLC265498	BIO BEAUTY LIMITED	27/02/2014	-
U24297DL2016PTC300798	ZEE PARENTERAL PRIVATE LIMITED	02/06/2016	-
U24299DL2016PTC309609	ZEE LIFE SCIENCE PRIVATE LIMITED	23/12/2016	-

Name :

Mr. Chaman Lal Sethi

Designation :

Director

Address :

House No. 1397, Sector-6, U E Karnal-132001, Haryana, India

Date of Birth/Age :

02.09.1950

Qualification :

Graduation

Date of Appointment :

08.12.2014

PAN No.:

ABWPS8118C

DIN No.:

06990151

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U24232HP2003PLC026183	ZEE BIOSCIENCES LIMITED	24/09/2015	-

Name :

Mr. Anant Kumar Jain

Designation :

Director

Address :

07/49, Tel Exchange, St Vikas Nagar, Dehradun-248001, Uttarakhand, India

Date of Birth/Age :

23.09.1980

Qualification :

Graduation

Date of Appointment :

16.10.2014

PAN No.:

AMNPJ6617K

DIN No.:

06993668

Name :

Mr. Varinder Paul Parmar

Designation :

Director

Address :

House No-6 A, Purshotam Garden, Kunjpura Road, Karnal-132001, Haryana, India

Date of Birth/Age :

08.04.1959

Qualification :

Graduation

Date of Appointment :

18.12.2014

PAN No.:

AANPP3907G

DIN No.:

07022833

Name :

Mr. Pardip Kumar Bhatia

Designation :

Director

Address :

House No 42-43A, Purushotam Garden, Kunjpura Road, Karnal-132001, Haryana, India

Date of Birth/Age :

26.04.1955

Qualification :

Graduation

Date of Appointment :

26.03.2015

PAN No.:

AAUPB8949B

DIN No.:

07108946

Name :

Mr. Virender Chhabra

Designation :

Director

Address :

House No 251, Old Housing Board Colony, Sector-13, Karnal – 132001, Haryana, India

Date of Birth/Age :

16.08.1958

Qualification :

Graduation

Date of Appointment :

29.05.2015

PAN No.:

AKIPC7829H

DIN No.:

07165263

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U55100DL2016PTC309987	DEVENTURE HOTEL AND SERVICES PRIVATE LIMITED	30/12/2016	-

Name :

Mr. Rohan Mukul

Designation :

Additional Director

Address :

House No. 994, Urban Estate, Sector-13 Karnal- 132001, Haryana, India

Date of Appointment :

21.12.2016

DIN No.:

07633328

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U55101DL1999PTC314403	LIONS HOTELS AND RESORTS.(INDIA) PRIVATE LIMITED	17/10/2016	-
U24232HP2003PLC026183	ZEE BIOSCIENCES LIMITED	13/10/2016	-
U51909DL2002PLC116110	LANARK OVERSEAS LIMITED	18/01/2017	-
U55101DL2008PLC180356	OXYZEN HOTELS LIMITED	15/10/2016	-
U55101DL2010PTC205366	DEVENTURE HOTEL AND RESORTS PRIVATE LIMITED	14/10/2016	-
U52390DL2014PLC265498	BIO BEAUTY LIMITED	19/01/2017	-
U55204DL2016PTC300116	DEVENTURE HOSPITALITY PRIVATE LIMITED	19/10/2016	-
U24299DL2016PTC309609	ZEE LIFE SCIENCE PRIVATE LIMITED	23/12/2016	-

KEY EXECUTIVES

Name :	Richa Sharma and Associates
Designation :	Company Secretary
Address :	#F-6-305, Lotus Tower, Laxmi Nagar, New Delhi – 110092, India
Name :	Mr. Sanjay Bansal
Designation :	Company Secretary
Address :	767, New Housing Board Colony, 13 Extension, Karnal -132001, Haryana, India
Date of Birth/Age :	01.02.1988
Date of Appointment :	10.11.2014
PAN No.:	BTKPS9430E
Name :	Mr. Chaman Lal Sethi
Designation :	Chief Finance Officer
Address :	House No. 1397, Sector-6, U E Karnal-132001, Haryana, India
Date of Appointment :	04.02.2015
PAN No.:	ABWPS8118C
Name :	Mr. Shetty
Designation :	HR Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 31.03.2017

Names of Shareholders	No. of Shares
Rajeev Mukul	9005700
Poonam Mukul	138300
Rajiv Mukul Huf	114000
Vandhna Kakar	60000
Dinesh Kakar	45000
Raj Rani	84000
Rohit Mukul	309000
Rohan Mukul	309000
Tarun Kumar	24000
Anju Soin	4500
Total	10093500

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2017

Category	Percentage
Promoters - Individual/Hindu Undivided Family – India	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in manufacturing Pharmaceutical, Herbal and Cosmetic products. [Registered Activity and also Confirmed by management]

Products :

Item Code No.	Product Description
30049099	Pharmaceutical, Herbal and Cosmetic products

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Products :

Finished Goods

Countries :

• South East Asia
• UAE
• USA
• Ukraine
• Uzbekistan

Imports :

Not Divulged

Terms :

Selling :

Advance Payment and L/C

Purchasing :

Advance Payment and L/C

PRODUCTION STATUS AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

Wholesaler

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

No. of Employees :

700 (Approximately)

Bankers :

Banker Name	State Bank of India
Branch Address	Taruwala, Paonta, Sahib-173025, Haryana, India
Person Name (With Designation)	--
Contact Number	--
Name of Account Holder	--
Account Number	--
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	--
Account Operation	--
Remarks (If any)	--

• ICICI Bank Limited, SCO 255-256, Sector-12, city Centre, karnal-132001, Haryana, India

Auditors :
Name :	Pardeep Tayal and Company Chartered Accountants
Address :	Indian Bank, Building, G.T Road, Panipat, Haryana, India
PAN No.:	AABFP3189J
Memberships :	Not Available
Collaborators :	Not Available
Others Related Parties: (As per 31.03.2016)	Lanark Laboratories Private Limited, India (U24232DL2001PTC111048) Sogo International Shree Biotech Lanark Laboratories Oxyzen Hotels Limited, India (U55101DL2008PLC180356) Zee Laboratories, Paonta

CAPITAL STRUCTURE

AS ON 31.03.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
13000000	Equity Shares	INR 10/- each	INR 130.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10093500	Equity Shares	INR 10/- each	INR 100.935 Million

FINANCIAL DATA

[All figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2016	31.03.2015	31.03.2014
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	100.935	100.935	33.645
(b) Reserves and Surplus	680.038	342.948	250.937
(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)	780.973	443.883	284.582
(3) Non-Current Liabilities
(a) long-term borrowings	143.580	143.373	128.172
(b) Deferred tax liabilities (Net)	9.114	10.537	10.406
(c) Other long-term liabilities	0.000	0.000	0.000
(d) long-term provisions	3.147	2.773	0.000
Total Non-current Liabilities (3)	155.841	156.683	138.578
(4) Current Liabilities
(a) Short-term borrowings	0.000	0.000	18.967
(b) Trade payables	493.186	456.888	325.085
(c) Other current liabilities	80.755	102.731	47.415
(d) Short-term provisions	74.381	33.646	27.622
Total Current Liabilities (4)	648.322	593.265	419.089
TOTAL	1585.136	1193.831	842.249
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	238.497	236.730	186.778
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Tangible assets capital work-in-progress	20.703	1.801	13.391
(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)	0.000	0.000	0.000
(d) Long-term loans and advances	0.250	0.250	2.359
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	259.450	238.781	202.528
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	457.152	348.810	292.548
(c) Trade receivables	423.880	434.361	243.248
(d) Cash and bank balances	181.327	38.020	22.165
(e) Short-term loans and advances	263.327	133.229	81.760
(f) Other current assets	0.000	0.630	0.000
Total Current Assets	1325.686	955.050	639.721
TOTAL	1585.136	1193.831	842.249

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	SALES
	Total Revenue from operations	2287.148	2172.609	1388.826
	Other Income	16.801	20.358	5.580
	TOTAL	2303.949	2192.967	1394.406
Less	EXPENSES
	Cost of Materials Consumed	1603.887	1704.917	1201.247
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(89.189)	(1.971)	(125.199)
	Employee benefit expense	74.696	32.451	22.986
	Expenditure on production, transportation and Other expenditure pertaining to exploration and production activities	135.868	107.198	63.509
	Other expenses	189.585	155.417	77.946
	TOTAL	1914.847	1998.012	1240.489
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	389.102	194.955	153.917
Less	FINANCIAL EXPENSES	3.796	3.564	2.647
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	385.306	191.391	151.270
Less/ Add	DEPRECIATION/ AMORTISATION	38.556	31.074	19.489
	PROFIT/ (LOSS) BEFORE TAX	346.750	160.317	131.781
Less	TAX	9.666	0.948	4.088
	PROFIT/ (LOSS) AFTER TAX	337.084	159.369	127.693
	Earnings / (Loss) Per Share (INR)	33.40	15.79	12.65

Particulars	31.03.2017
Sales Turnover (Approximately)	3000.000

Expected Sales (2017-2018): INR 3500.000 Million

The above information has been parted by Mr. Dinesh Kakar (Director)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016	31.03.2015	31.03.2014
Current Maturities of Long term debt	NA	NA	NA
Net cash flows from (used in) operations	212.440	68.000	75.886
Net cash flows from (used in) operating activities	202.594	68.638	72.077

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Average Collection Days [Sundry Debtors / Income * 365]	67.65	72.97	63.93
Account Receivables Turnover [Income / Sunday Debtors]	5.40	5.00	5.71
Average Payment Days [Sundry Creditors / Purchases * 365]	112.24	97.81	98.78
Inventory Turnover [Operating Income / Inventories]	0.85	0.56	0.53
Asset Turnover [Operating Income / Net Fixed Assets]	1.50	0.82	0.77

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets]	0.50	0.62	0.65
Debt Equity Ratio (Borrowings / NetWorth)	0.18	0.32	0.52
Current Liabilities to Networth (Current Liabilities / NetWorth)	0.83	1.34	1.47
Fixed Assets to NetWorth (Net Fixed Assets / NetWorth)	0.33	0.54	0.70
Interest Coverage Ratio [PBIT / Financial Charges]	102.50	54.70	58.15

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin [(PAT/Sales) * 100)	%	14.74	7.34	9.19
Return on Total Assets [(PAT / Total Assets) * 100]	%	21.27	13.35	15.16
Return on Investment (ROI) [(PAT / NetWorth) * 100]	%	43.16	35.90	44.87

SOLVENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Ratio (Current Assets / Current Liabilities)	2.04	1.61	1.53
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.34	1.02	0.83
G-Score Ratio Financial (Networth / Total Assets)	0.49	0.37	0.34
G-Score Ratio Debt (Debts / Equity Capital)	1.42	1.42	4.37
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	2.04	1.61	1.53

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are in INR Million]

DEBT EQUITY RATIO

Particular	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Share Capital	33.645	100.935	100.935
Reserves & Surplus	250.937	342.948	680.038
Net worth	284.582	443.883	780.973
Long-term borrowings	128.172	143.373	143.580
Short term borrowings	18.967	0.000	0.000
Total borrowings	147.139	143.373	143.580
Debt/Equity ratio	0.517	0.323	0.184

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Sales	1388.826	2172.609	2287.148
		56.435	5.272

NET PROFIT MARGIN

Net Profit Margin	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Sales	1388.826	2172.609	2287.148
Profit/ (Loss)	127.693	159.369	337.084
	9.19%	7.34%	14.74%

LEGAL CASES

1

$~

* IN THE HIGH COURT OF DELHI AT NEW DELHI

+ CS(COMM) 439/2016 & I.A. 1298/2014

SUN PHARMACEUTICAL INDUSTRIES LIMITED ..... Plaintiff Through: Mr. Shashi Ojha, Advocate.

versus ZEE LABORATORIES LTD ..... Defendant Through: Mr. Dhruv Dwivedi, Advocate

CORAM:

HON'BLE MR. JUSTICE MANMOHAN

%

ORDER

15.11.2017

With consent of parties, the matter is referred to the Delhi High Court Mediation and Conciliation Centre.

The authorised representatives of the parties are directed to appear before the Delhi High Court Mediation and Conciliation Centre on 27th November, 2017 at 4:00 p.m.

List the matter before Court for reporting of settlement, if any, on 22nd January, 2018

I.A. 2112/2013 in CS(COMM) 439/2014

With consent of parties, the ad interim ex parte order dated 08 th February, 2013 is confirmed till the disposal of the suit.

Consequently, present application stands disposed of.

MANMOHAN, J

NOVEMBER 15, 2017

js

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	Yes
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	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 three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	Yes
33	Market information	---
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from “AP-70/A, Ground Floor, Pitampura, Delhi – 110034, India” to the present address w.e.f. 02.05.2013.

COMPANY INFORMATION:

Subject incorporated under companies act as on 23rd September 1994 is having corporate/registered office at 913, D-Mall, Netaji Subhash Place, Pitampura, New Delhi-110034, India. Company is manufacturing Pharmaceutical, Herbal and Cosmetic products. Work office of Company is situated at Behind 47, Industrial Area, Gondpur, Himachal Pardesh-173025 and Near Sham Nagar, GT Road, Karnal-132001.

CHANGE IN NATURE OF BUSINESS

The net Profit for the year is INR 337.084 million as compared to net profit of INR 159.369 million of Last year.

UNSECURED LOAN

PARTICULARS	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Long-term Borrowings
Loans and advances from directors	143.580	143.373
Total	143.580	143.373

INDEX OF CAHREGS:

SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	DATE OF SATISFACTION	AMOUNT	ADDRESS
1	G07217490	10556352	ICICI BANK LIMITED	29/01/2015	-	04/07/2016	49500000.0	SCO 255-256, Sector-12, city Centre, karnal-132001, Haryana, India
2	C35497619	10215041	STATE BANK OF INDIA	25/02/2010	-	14/11/2014	40000000.0	Taruwala, paonta Sahib-173025, Haryana, India

FIXED ASSETS

• Land
• Plant and equipment
• Building
• Furniture and fixtures
• Office equipment
• Computer equipments
• Vehicle
• Computer equipments

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 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	INR
US Dollar	1	INR 63.35
UK Pound	1	INR 85.89
Euro	1	INR 76.16

INFORMATION DETAILS

Information Gathered by :	AKY
Analysis Done by :	VRS
Report Prepared by :	MTN

SCORE FACTORS

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

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.