MIRA INFORM REPORT

Report No. :	504893.2
Report Date :	02.05.2018

IDENTIFICATION DETAILS

Name :	NORTIS LIFESCIENCES LLP
Registered Office :	Flat No. 302, Narmada, BLK N-5, Sec-D, PKT-6, Vasant Kunj, New Delhi - 110070
Mob. No. :	91-8285514425 [Mr. Vipin]
Country :	India
Financials (as on) :	31.03.2018 [Provisional]
Date of Incorporation :	04.05.2017
Total Obligation of Contribution :	INR 0.100 Million
LLPIN :	AAJ-3316
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
IEC No.: [Import-Export Code No.]	Not Divulged
GSTN : [Goods & Service Tax Registration No.]	06AAOFN2754L1ZT
PAN No.: [Permanent Account No.]	AAOFN2754L
Legal Form :	Limited Liability Partnership
Line of Business :	Trader of Pharmaceuticals Products i.e. Albert David (Generic Division). [Registered Activity and also Confirmed by Management]
No. of Employees :	28 [Approximately] [In Office: 07 and In Warehouse :21]

RATING & COMMENTS

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

MIRA’s Rating :

NB

Credit Rating	Explanation	Rating Comments
NB	New Business	No recommendation can be done due to business in infancy stage

Status :	New Business
Payment Behaviour :	Unknown
Litigation :	Clear

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 (30.09.2017)	Current Rating (31.12.2017)
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

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 02.05.2018.

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 DECLINED BY

Name :	Mr. Rupesh Bountra
Designation :	Designated Partner
Contact No.:	91-9812028282
Date :	26.04.2018
Name :	Mr. Vipin
Designation :	Accountanat
Contact No.:	91-8285514425
Date :	26.04.2018
Name :	Mr. Sant Ram Goyal
Designation :	Accounts Manager
Contact No.:	91-8527716869
Date :	30.04.2018

LOCATIONS

Registered Office :	Flat No. 302, Narmada, BLK N-5, Sec-D, PKT-6, Vasant Kunj, New Delhi - 110070, India
Tel. No. :	Not Available
Mobile :	91-8285514425 [Mr. Vipin] 91-9812028282 [Mr. Rupesh Bountra] 91-8527716869 [Mr. Sant Ram Goyal] 91-9953543663 [Mr. Manish Garg]
Fax No. :	Not Available
E-Mail :	nortis.adl@gmail.com sanjaygupta@skymap.in ynfbdwarehouse@gmail.com
Area:	700 Sq. Ft. [As per site visit]
Location:	Rented
Locality:	Commercial [As per site visit]
Corporate Office:	634, 6^th Floor, SRS Tower, 14/5 Mathura Road, Sector 31, Faridabad - 121003, Haryana, India
Tel. No.:	91-129-2577300 [30 Lines]
Location:	Rented
Warehouse:	1135, 1st Floor, Opposite Transport Nagar, Sector-58, Ballabgarh, Faridabad, Haryana, India
Location:	Rented

PARTNERS

Name :

Mr. Sanjay Gupta

Designation :

Designated Partner

Address :

109-A, Chawla Colony, Ballabgarh, Faridabad - 121004, Haryana, India

Date of Birth/Age :

01.08.1974

Qualification:

BE (Mechanical)

Experience:

15 Years

Date of Appointment :

04.05.2017

DPIN No.:

00303665

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U24100DL2014PTC273104	YOURS MEDICARE PRIVATE LIMITED	12/11/2014	-
U24232DL2005PLC139202	MKS PHARMA LIMITED	01/09/2006	-
U24233DL2006PTC150088	SKYMAP PHARMACEUTICALS PRIVATE LIMITED	24/06/2006	-
U33116DL2003PTC316235	SKYMAP HEALTHCARE PRIVATE LIMITED	30/09/2016	-
U51909DL2006PTC152567	MANEK TRADEX PRIVATE LIMITED	19/07/2010	-
U70109DL2017PTC324823	NORTIS INFRASTRUCTURE PRIVATE LIMITED	11/10/2017	-

Name :

Mrs. Meenakshi Gupta

Designation :

Designated Partner

Address :

H. No 109/A, Chawla Colony, Ballabgarh Faridabad 121004, Haryana, India

Date of Birth/Age :

16.11.1976

Qualification:

Diploma in Pharmacy

Experience:

12 Years

Date of Appointment :

04.05.2017

DPIN No.:

07248722

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U24232DL2005PLC139202	MKS PHARMA LIMITED	30/09/2015	-
U33116DL2003PTC316235	SKYMAP HEALTHCARE PRIVATE LIMITED	30/09/2016	-
U70109DL2017PTC324823	NORTIS INFRASTRUCTURE PRIVATE LIMITED	11/10/2017	-

Name :

Mr. Rupesh Bountra

Designation :

Designated Partner

Address :

House No. 473 P, Sector-03, Rewari - 123401, Haryana, India

Date of Birth/Age :

07.05.1982

Qualification:

Graduate

Experience:

1 Years

Date of Appointment :

01.02.2018

DPIN No.:

07814022

KEY EXECUTIVES

Name :	Mr. Sant Ram Goyal
Designation :	Accounts Manager
Name :	Mr. Vipin
Designation :	Accountant

CONTRIBUTION DETAILS

Names of Persons	Monetary value of contribution (INR In Million)
Sanjay Gupta	0.050
Meenakshi Gupta	0.050
Total	0.100

BUSINESS DETAILS

Line of Business :	Trader of Pharmaceuticals Products i.e. Albert David (Generic Division). [Registered Activity and also Confirmed by Management]
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Credit [60 Days]
Purchasing :	Credit [60 Days]

GENERAL INFORMATION

Suppliers :

Reference:	Albert David Limited
Name of the Person (Designation):	Mr. D Chitlangia (Associate Vice President –Commercial)
Contact Number:	91-9818088450
Since how long known:	September 2017
Maximum limit dealt:	--
Experience:	Payment Behaviour: Good Market Goodwill: Good Overall: Good
Remark	They gave us positive response about subject company. They are satisfied with their payment behaviour and market goodwill

Customers :

Wholesalers

Reference:	B.N Distributors
Name of the Person (Designation):	Mr. Amit Rastogi
Contact Number:	91-9919954155
Since how long known:	September 2017
Maximum limit dealt:	--
Experience:	Product Quality: Good Delivery Behaviour: Good Overall: Good
Remark	They gave us positive response about subject company. They are satisfied with their product quality deliver behaviour.

· Nanak Pharmaceuticals Distributors

· Mittal Medico

No. of Employees :

28 [Approximately] [In Office: 07 and In Warehouse :21]

Bankers :

Bank Name:	HDFC Bank Limited
Branch:	5-R/2, B.K Chowk, N.I.T Faridabad, Haryana, India
Name of the Person (with Designation):	Mr. Praveen Dhamija (Relationship Manager)
Contact Number:	91-9654114448 91-129-4103600
Name of Account Holder:	NORTIS LIFESCIENCES LLP
Account Number:	50200026552847
Account Since (Date/ Year of A/c Opening):	11.08.2017
Average Balance Maintained (Optional):
Credit Facilities Enjoyed (CC/OD/Term Loan):
Account Operation:	Current Account
Remark: Number is continuously ringing

Auditors :
Name:	Singla Tayal and Company Chartered Accountants
Address:	SCO-107 1st Floor Sector-16, Faridabad, Haryana, India
Tel. No.:	91-129- 4103600
Memberships :	Not Available
Collaborators :	Not Available
Sister Concerns :	· MKS Pharma LLP Address: 633, 6th Floor, SRS Tower,14/5 Main Mathura Road, Sector-31 Faridabad, Haryana, India Line of Business: Trading of Pharmaceuticals · Yours Medicare Private Limited Address: 635, 6th Floor, SRS Tower,14/5 Main Mathura Road, Sector-31 Faridabad, Haryana, India Line of Business : Trading of Pharmaceuticals.

CAPITAL STRUCTURE

AS ON 31.03.2018 [PROVISIONAL]

Particular	INR in Million
Total Obligation of Contribution:	INR 0.100 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS			31.03.2018 [Provisional]
SHAREHOLDERS FUNDS
1] Capital Account			0.100
2] Reserves & Surplus			4.551
NETWORTH			4.651
LOAN FUNDS
1] Secured Loans			0.501
2] Unsecured Loans			6.500
TOTAL BORROWING			7.001
DEFERRED TAX LIABILITIES			0.000
TOTAL			11.652
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]			1.001
Capital work-in-progress			0.000
INVESTMENT			0.000
DEFERRED TAX ASSETS			0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories		46.018
	Sundry Debtors		65.180
	Cash & Bank Balances		0.142
	Other Current Assets		4.229
	Loans & Advances		1.000
Total Current Assets			116.569
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors
	Other Current Liabilities		97.640
	Provisions		8.278
Total Current Liabilities			105.918
Net Current Assets			10.651
MISCELLANEOUS EXPENSES			0.000
TOTAL			11.652

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2018 [Provisional]
	SALES
		Sales	131.727
		Other Income	0.000
		TOTAL	131.727
Less	EXPENSES
		Cost of goods sold	108.406
		Child education allowance	0.191
		Conveyance allowances	0.441
		Commission paid	5.058
		Employee reimbursement expenses	1.766
		Freight outward expenses	1.798
		Hra paid	0.845
		Legal and professional expenses	0.886
		Office maintenance	0.135
		Printing and maintainance a/c (computer)	0.294
		Rent	0.530
		Salary paid	2.679
		Sales promotion	0.705
		Tour and travelling expenses	0.177
		Trading allowance	0.173
		Other expenses	0.396
			16.074
		TOTAL	124.480
	PROFIT BEFORE INTEREST, DEPRECIATION AND AMORTISATION		7.247
Less	FINANCIAL EXPENSES		0.537
	PROFIT BEFORE DEPRECIATION AND AMORTISATION		6.710
Less/ Add	DEPRECIATION/ AMORTISATION		0.124
	PROFIT BEFORE TAX		6.586
Less	TAX		2.035
	PROFIT AFTER TAX		4.551

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2018 [Provisional]
Average Collection Days (Sundry Debtors / Income * 365 Days)	180.61
Account Receivables Turnover (Income / Sundry Debtors)	2.02
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	0.00
Inventory Turnover (Operating Income / Inventories)	0.16
Asset Turnover (Operating Income / Net Fixed Assets)	7.24

LEVERAGE RATIOS

PARTICULARS	31.03.2018 [Provisional]
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.96
Debt Equity Ratio (Total Liability / Networth)	1.51
Current Liabilities to Networth (Current Liabilities / Net Worth)	24.17
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.22
Interest Coverage Ratio (PBIT / Financial Charges)	13.50

PROFITABILITY RATIOS

PARTICULARS		31.03.2018 [Provisional]
Net Profit Margin ((PAT / Sales) * 100)	%	3.45
Return on Total Assets ((PAT / Total Assets) * 100)	%	3.87
Return on Investment (ROI) ((PAT / Networth) * 100)	%	97.85

SOLVENCY RATIOS

PARTICULARS	31.03.2018 [Provisional]
Current Ratio (Current Assets / Current Liabilities)	1.04
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.63
G-Score Ratio Financial (Networth / Total Assets)	0.04
G-Score Ratio Debt (Debts / Equity Capital)	70.01
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.04

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

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 [As per site visit]	Yes
5	Buyer visit details	Yes
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 [As per site visit]	Yes
17	Details of sister concerns	Yes
18	Major suppliers	Yes
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	Yes
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	No
26	Turnover of firm for last one year	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last one year	Yes
30	Major shareholders, if available	No
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

OBSERVATION POINTS

Name of Company :	NORTIS LIFESCIENCES LLP
Address :	634, SRS Tower, 14/5 Mathura Road, Sector 31, Faridabad - 121003, Haryana, india
Contact No.:	91-129-6517282
Date of Visit :	23.04.2018
Person to whom we met:	Mr. Poonam Das [MIS Coordinator] Email: nortis.adl@gmail.com
Name Board :	Sighted
Location:	Easy
Landmark (If Any):	Near Mewla MaharajpurMetro Station
Total Floors of the Building :	8 Floors
Subject situated on:	6th Floor
Locality:	Commercial
Area :	700 Sq. Ft.
Area of premises:	Neutral
No. of employees seen at premises:	05 [Approx.]
Visibility of Items:	· Telephone · Computers · Air Conditioner · Office Equipment · Xerox Machine
Neighbours Interview:	Our executive enquired from neighbours i.e. Yours Medicare Pvt Ltd and Ms. Vibha Pandey (Security Guard) and they were also confirmed that firm exist on given address.
Proof of visit:	Photos and Visiting card

INDEX OF CHARGES: NO CHARGES EXISTS 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 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 66.78
UK Pound	1	INR 92.89
Euro	1	INR 80.74

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	PRS
Report Prepared by :	ARC

SCORE FACTORS

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	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.