MIRA INFORM REPORT

1. Summary Information

		Country	India
Company Name	NEOTERIC INFOMATIQUE LIMITED	Principal Name 1	Mr. Harshad Shah
Status	Satisfactory	Principal Name 2	Mr. Paras Shah
		Registration #	11-106787
Street Address	A -23 Shriram Industrial Estate, 13 G.D. Ambedkar Road, Wadala, Mumbai – 400 031, Maharashtra, India
Established Date	21.03.1997	SIC Code	--
Telephone#	91-22-42309600	Business Style 1	Trader
Fax #	91-22-42309620	Business Style 2	--
Homepage	http://www.neoteric.co.in	Product Name 1	Mother Board
# of employees	500 (Approximately)	Product Name 2	Digital camera
Paid up capital	Rs. 104,540,750/-	Product Name 3	Storage Device
Shareholders	Bodies Corporate-3.29% Director or relatives of Directors-95.66% Other top fifty shareholders-1.05%	Banking	Union Bank of India
Public Limited Corp.		Business Period	14 years
IPO	No	International Ins.	-
Public Enterprise	Yes	Rating	Ba (49)
Related Company
Relation	Country	Company Name	CEO
Associates	Singapore	Neoteric Pte Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	30.06.2009		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	1,083,130,000	Current Liabilities	1,017,270,000
Inventories	561,740,000	Long-term Liabilities	423,670,000
Fixed Assets	30,810,000	Other Liabilities	6,400,000
Deferred Assets	0	Total Liabilities	1,447,340,000
Invest& other Assets	4,870,000	Retained Earnings	128,670,000
		Net Worth	233,210,000
Total Assets	1,680,550,000	Total Liab. & Equity	1,680,550,000
Total Assets (Previous Year)	2,328,009,000
P/L Statement as of	30.06.2009		(Unit: Indian Rs.)
Sales	10,005,500,000	Net Profit	27,410,000
Sales(Previous yr)	6,035,350,000	Net Profit(Prev.yr)	45,130,000

MIRA INFORM REPORT

Report Date :

08.04.2011

IDENTIFICATION DETAILS

Name :	NEOTERIC INFOMATIQUE LIMITED

Registered Office :	A -23 Shriram Industrial Estate, 13 G.D. Ambedkar Road, Wadala, Mumbai – 400 031, Maharashtra

Country :	India

Financials (as on) :	30.06.2009

Date of Incorporation :	21.03.1997

Com. Reg. No.:	11-106787

CIN No.: [Company Identification No.]	U30007MH1997PLC106787

IEC No.:	0397004281

TAN No.: [Tax Deduction & Collection Account No.]	MUMN05580B

PAN No.: [Permanent Account No.]	AAACN3140K

Legal Form :	A Closely held Public Limited Liability Company.

Line of Business :	Trader of Computer Peripherals.

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 930000

Status :	Satisfactory

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	The company undertakes imports and trading of computer peripherals, scanners, casting, monitors, etc. Directors are reported as experienced, respectable and having satisfactory means of their own. General financial position is satisfactory. Payments are reported as slow but correct. The company can be considered normal for business dealings at usual 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 – April 1, 2010

Country Name

Previous Rating

(31.12.2009)

Current Rating

(01.04.2010)

India

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

INFORMATION PARTED BY

Name :	Mr. Sunil Bhutra
Designation :	Accounts Manager

LOCATIONS

Registered Office :	A -23 Shriram Industrial Estate, 13 G.D. Ambedkar Road, Wadala, Mumbai – 400 031, Maharashtra, India
Tel. No.:	91-22-42309600/32577600/24172600
Fax No.:	91-22-42309620/24172600//24163637
E-Mail:	jigar.gandhi@neotric.co.in sushil.sancheti@neoteric.co.in sunil.bhutra@neoteric.co.in inof@neoteric.co.in
Website :	http://www.neoteric.co.in

Corporate Office :	21 A, Film Center, 2^nd Floor, Tardeo Road, Mumbai – 400034, Maharashtra, India
Tel. No.:	91-22-40859600
Fax No.:	91-22-40859694
E-Mail:	info@neoteric.co.in

Warehouse :	P 12, Eastern Warehouse, Hide Road, Kolkata, West Bengal, India

Branches :	Located at : Ahmedabad Bangalore Bhubaneswar Chandigarh Chennai Cochin Coimbatore Dehradun Delhi Gaziabad Goa Guwhati Hyderabad Indore Jaipur Jammu Kolkata Kanpur Lucknow Ludhiana Mumbai Madurai Nagpur Patna Pune Raipur Ranchi Surat Trivendrum Vizag

DIRECTORS

As On 27.11.2009

Name :	Mr. Harshad Shah
Designation :	Non Executive Chairman
Address :	1402, Rajul Apartment 9, Harkness Road Mumbai 400006, Maharashtra, India
Qualification :	Intermediate
Date of Appointment :	01.10.2002
DIN No. :	00151651
Other Directorships:	Spectrum Global Pte Limited, Singapore Keramos (FZE), Sharjah

Name :	Mr. Paras Shah
Designation :	CEO and Chairman
Address :	1402, Rajul Apartment 9, Harkness Road Mumbai 400006, Maharashtra, India
Qualification :	Computer Engineer from Case Western Reserve University, USA
Date of Appointment :	01.10.2002
DIN No. :	00151509
Other Directorships:	Spectrum Global Pte Limited, Singapore Neoteric HK Limited, Hongkong

Name :	Mr. S. P. Rajguru
Designation :	Non-Executive Director
Address :	6/11, Sarvapriya Vihar, New Delhi 110 016, Delhi, India
Qualification :	Business and Law Graduate
Date of Appointment :	21.10.2005
DIN No. :	00865254
Other Directorships:	V5 Global Services Private Limited Changemasters Management Consulting Private Limited

Name :	Mr. R. Srinivasan
Designation :	Non-Executive Director
Address :	B-703/704, Suresh Smruti, Prathmesh Complex, Veera Desai Road, Andheri (W), Mumbai 400 053, Maharashtra, India
Qualification :	MBA from XLRI and Doctoral Scholar of BITS, Pilani (Raj.)
Date of Appointment :	01.03.2006
DIN No. :	02019206

Name :	Dr. Anil Shivram Lamba
Designation :	Independent Director
Address :	Office No. 3, Wing III, Thacker’s House, 2418, East Street, Camp, Pune – 411001, India
Qualification :	A.C.A., L.L.B., B.Com. and Doctor of Philosophy (Ph. D.)
Date of Appointment :	02.04.2008
DIN No. :	00935055
Other Directorships:	Lamcon Finance and Management Services Private Limited Lamcon School of Management Services Private Limited Mindspring Consultancy and Training Private Limited

Name :	Mr. Jayant Rastogi
Designation :	Independent Director
Address :	Flat No. 1403, 14^th Floor, Greenwood, Hiranandani Estate, Pokhran GB Road, Thane (W) – 400 607, Maharashtra, India
Qualification :	B. E. (Mech.) from Government Engineering College, Jabalpur (M.P.)
Date of Appointment :	02.04.2008
DIN No. :	02129608

Name :	Mr. Hemant Nerurkar
Designation :	Independent Director
Address :	5, Swapan Lok Darshan, Military, Road, Marol, Mumbai – 400059, Maharashtra, India
Qualification :	Master of Science in Electrical Engineering from Newark College of Engineering, New Jersey
Date of Appointment :	02.04.2008
DIN No. :	00627401
Other Directorships:	Mindcraft Software Private Limited Pine Tree Software and Technologies Private Limited

Name :	Mr. Kumar Rajagopalan
Designation :	Independent Director
Address :	Flat No.804, Sushila Bugh CHS Limited, Plot No.53/ A, S.V. Road, Santacruz (West), Mumbai – 400 054, Maharashtra, India
Date of Appointment :	02.04.2008
DIN No. :	02145770

KEY EXECUTIVES

Name :	Mr. Kaushal D Khandor
Designation :	Vice president Sale Corp

Name :	Mr. Sanjay Zadoo
Designation :	Vice president Sale

Name :	Mr. Jigarkumar Gandhi
Designation :	Company Secretary
Address :	8, Mill Kamdar Society, Nursery Road, Devsar, Bilimora – 396380, Gujarat, India
Date of Appointment :	06.02.2008
Date of Cessation :	01.12.2008
Pan No. :	AIWPG2893H
Tel No.:	91-22-3982 8600
Fax No.:	91-22-3982 8694
Email :	jigar.gandhi@neoteric.co.in

Name :	Mr. Sunil Bhutra
Designation :	Accounts Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As On 27.11.2009

Names of Shareholders	No. of Shares	Percentage of Holding
Paras Shah	2839122	27.16
Abhishek P Shah	210000	2.01
Aditya P Shah	346700	3.32
Dipti P Shah	1605000	15.35
Harshad D Shah	2125000	20.33
Harshad D Shah (HUF)	695002	6.65
Ranjan H Shah	2175000	20.81
Anandiben P Thakkar	2	0.00
Premchand Thakkar	2	0.00
Bhavana T Khothari	2	0.00
Chandrakant D.Shah	2	0.00
Manish N. Rambhia	7700	0.07
Kaushal D Khandor	10400	0.10
Nishith Shah Jointly with Priti Shah	10000	0.10
R. Srinivasan	10000	0.10
Kishor Nandlal Shah	10000	0.10
Priti N Shah	5002	0.05
Falguni A. Mehta	2500	0.02
Rupesh Ashar	5000	0.05
Amit Amilal Shah	2500	0.02
Sangeeta Dharmesh Shah	2500	0.02
Neepa Divyakumar Doshi	2500	0.02
Vivek Venkiteswaran	1000	0.01
Ritu Bhatt	1000	0.01
Plus Plus Consulting and Services Private Limited	344275	3.29

As On 27.11.2009

Equity Share Breakup		Percentage of Holding
Category
Bodies corporate		3.29
Directors or relatives of directors		95.66
Other top fifty shareholders		1.05
Total		100.00

BUSINESS DETAILS

Line of Business :

Trader of Computer Peripherals.

Products :

Item Code No. (ITC Code)	84733020
Product Description	Motherboard
Item Code No. (ITC Code)	85258020
Product Description	Digital Camera
Item Code No. (ITC Code)	84717090
Product Description	Storage Device
Item Code No. (ITC Code)	84717090
Product Description	CD-RW/DVD-RW
Item Code No. (ITC Code)	84730000
Product Description	Computer Peripherals

Desktop – Apple
Storage Group (Drives and Media) – Iomega, Yamaha and Kodak
Digital Cameras – Kodak, Umax and Mercury
Input Devices Group – Mercury, Acer, Asus, Matrox, Adaptec, Samsung and Yamaha
PC Components – Compex and Mercury
Networking Printers – Samsung
Keyboard – Logitech and Mercury
Mice – Logitech and Mercury
Scanners – Umax
Digital Cameras – Kodak, Logitech, Mercury and Umax
Removable Storage – Asus, Iomega and Samsung
HDD – Iomega (Portable) and Samsung
NAS – Iomega
Mass Storage Controller – Adaptec
Laser Printer – Samsung and Xante
Multi Function Devices – Samsung
Networking Products – Compex and Mercury
Graphic Cards – Matrox and Mercury
Speakers – Labtec and Mercury
MP3/VCD Players – Mercury

Brand Names :

Acer- Accessories
Alcatel Lucent – Enterprise Voice and Data Networking Solution
Apple – Desktops, Laptops, Servers, Storage and Software
Avocent – Manageability Solutions
BenQ – TFT Monitors, LCD Monitor TV, nScreen all-in-one PC, Digital Camera, Joybook Lite and Projectors
Brother – Multi Function Printers (Laser and Inkjets), consumables Edimax – Wireless Network Equipments
Gigabyte - Motherboards
Hitachi – Hard Disk Drives
HP – Desktops, Laptops, Servers, Storage, TFT monitors and accessories Imation – Removable Data Storage (Tape Drives), Hard Drives and Optical Media (DVD-R and CD-R)
Iomega – Portable Storage Solutions
Kingston – Memory Modules (RAM)
LaCie – Portable and Commercial Storage
Lenovo – Desktop, Laptops and Accessories
Logitech – Keyboards, Mice, Gaming Devices, Webcams, Speakers and Headphones
Matrox – Professional Graphic Cards (Multi-Display Cards)
McAfee – Security Solutions
Microsoft – Volume License Business
Moser Baer – USB Drives, Memory Cards, Optical Disc Drives and External Hard Drives
MSI - Motherboards
NEC - Projectors
Numeric - Online UPS
Samsung – Laser Printers, Multi Function Printers, Optical Disk Drives, Hard Disk Drives, TFT Monitors and Consumables
UMAX – Scanners, Memory Modules (RAM), Memory Cards, USB Drives, Speakers, Optical Media, Gaming Case, Casings, SMPS, UPS, TV Tuners, Webcams, Digital Cameras, Keyboards and Mice
Wacom – Pens, Tablets and Mouse
Western Digital - Mobile and Enterprise Drives and Portable Storage
Wipro – Desktops, Laptops and Servers

Agencies Held :

· Apple

· IBM

· Lenovo

· Benq

· HP

· Samsung

· Imation, etc

Imports :

Products :

Computer Peripherals

Countries :

· China

· Korea

· Taiwan

Terms :

Selling :

Cash and Credit

Purchases :

Cash and Credit

GENERAL INFORMATION

Suppliers :

Apple Computer South Asia Pte Limited

No. 7 Ang Mo Kio Street 64, Singapore 569086

Tel. No. 0065 4815511, 0065 4807523

Fax No. 0065 4840742, 0065 4815636

E-Mail ong.ca@asia.apple.com

Contact Ms. Veronica Teo Kah / Kenny Ong

Iomega Pacific Pte Limited / Iomega International SA

47 Scotts Road, # 10-01 Goldbell Towers, Singapore 228233

Tel. No. 0065 3796000, 0065 3796107

Fax No. 0065 7321155, 0065 3796317

E-Mail lim@iomega.com

Contact Ms. Michelle Lim

Philips India Limited

Band Box House, 254-D, Dr. Annie Besant Road, Worli, Mumbai – 400 025, India

Tel. No. 91-22-24930311, 24930590

Fax No. 91-22-24915375

E-Mail c.d.khatu@philips.com

Contact C. D. Khatu

Kobian Singapore Pte Limited

9 Temasek Boulevard, #04-02 Suntec Tower 2, Singapore 038985

Tel. No. 0065 3383368, 0065 8466320-84

Fax No. 0065 3381588, 0065 3330238, 0065 7410040

E-Mail rajesh@kobian.com

Contact Ms. Sushmita / Mr. Rajesh Bothra

Kobian ECS India Private Limited

Survey No. 333/5, Prithviraj Chauhan Marg, Village-Athal, Selvasa – 396 235, Union Teritorry

Tel. No. 91-260-2650300, 2650400

Fax No. 91-260-2650171

Contact Ms. Nirmala Saraf

Lanbit India Private Limited

Timm Arcade, CST 778/B, Makwana Road, Marol, Andheri (East), Mumbai – 400 059, India

Tel. No. 91-22-8515955

Fax No. 91-22-8518363

E-Mail lanbit.bom@sm1.sprintrpg.ems.vsnl.net.in

Contact S. J. Shah

Compex Systems Pte Limited

135 Joo Seng Road, #08-01, PM Industrial Building, Singapore 368363

Tel. No. 0065 2862086

Fax No. 0065 2809947

Contact Mr. Sim Jek Hiong

Umax Data Systems Inc

8F, 68, Sector 3, Nanking Road, Taipei, Taiwan, R.O.C.

Tel. No. 886-2-25170055

Fax No. 886-2-25170062

Contact Mr. Bennett Wu

Matrox Eurepoe Limited

C/o. MSAS Distribution Centre, Kwai Chung, Hong Kong

Tel. No. 353-21-325600

Fax No. 353-21-325601

Contact Christina Wong

BenQ India Private Limited

302, Omega Main Street, Hiranandani Gardens, Powai, Mumbai – 400 076

Tel. No. 91-22-25705230-32

Fax No. 91-22-25705235

Contact Mr. Rajes Iyer

Yamaha Electronics Asia Pte Limited

138, Cecil Street, #05-02/03, Cecil Court, Singapore 069538

Tel. No. 0065 2233992

Fax No. 0065 2239810

Adaptec Manufacturing (Singapore) Pte Limited

No. 2, Chai Chee Drive, Singapore 469044

Tel. No. 0065 2457300

Fax No. 0065 2457604

Contact Ms. Janet Bong

Kodak India Limited

2^nd Floor, 159/A, Vinay Bhavya Complex, CST Road, Kalina, Mumbai – 400 098

Tel. No. 91-22-26528821, 26528331

Fax No. 91-22-26526301

Contact Ms. Manisha Sood

Samsung Electronics India Information and Telecommunication Limited

47, Ring Road, Lajpat Nagar III, New Delhi – 110 024

Tel. No. 91-11-26322517

Fax No. 91-11-28312935

Contact Mr. R. S. Sahu

Customers :

· Wholesalers

· Retailers

· OEM’s

· Computers Limited, Mumbai

· Dealer

· Distributor

No. of Employees :

Approximately 500 ( In Office + In Branch)

Bankers :

· Union Bank of India

Opera House Branch, Tejura Chambers, 365-367, V.P. Road, Opera House, Mumbai – 400 004, Maharashtra, India

Tel: 91-22-2380 4883

Fax: 91-22-2382 4582

Email: uday@unionbankofindia.com

Contact Person: Mr. Uday Dalvi

· Citibank N.A.

IL and FS Building, 7^th Floor, Bandra Kurla complex, Bandra (E), Mumbai – 400 051, Maharashtra, India

Tel: 91-22-4000 5851

Fax: 91-22-4000 5791

Email: smitesh.aravind@citi.com

Contact Person: Mr. Smitesh Aravind

· HDFC Bank Limited

Kamala Mills compound, 2^nd Floor, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, Maharashtra, India

Tel: 91-22-2498 8280

Fax: 91-22-2496 0773

Email: Nihar.Parikh@hdfcbank.com

Contact Person: Mr. Nihar Parikh

· Standard Chartered Bank

2^nd Floor, 270 D.N. Road, Fort, Mumbai – 400 001, Maharashtra, India

Tel: 91-22-2219 8652

Fax: 91-22-2201 9246

Email: payal.kothari@in.standardchartered.com

Contact Person: Ms. Payal Kothari

Facilities :

Around Rs. 300.000 Millions (Union Bank of India)

Around Rs. 80.000 Millions (Citi Bank)

Secured Loans	30.06.2009 (Rs. In Millions)
From Banks
Cash Credit and Working Capital Demand Loan (note a)
-Rupee Loan	169.630
-Foreign Currency Loan	180.000
From Others
Vehicle Loan (note b) Payable within one year Rs. NIL (Previous Year Rs. 0.14 Million )	0.000
Total	349.630

Notes:

a. Secured by hypothecation of slack-in trade, book debts of the company and equitable mortgage on collateral immovable properties along with personal guarantee of some of directors of the company.

b. Secured by hypothecation of specific Vehicle taken an lease

Unsecured Loans	30.06.2009 (Rs. In Millions)
Short term loan from members	74.040
Total	74.040

Banking Relations :

Auditors :

Name:

Chaturvedi Sohan and Company

Chartered Accountants

Address ;

320, Tulsiani Chambers, 212, Nariman Point, Mumbai – 400021, Maharashtra, India

Tel. No. :

91-22-22815154

Fax No. :

91-22-22814872

E-mail id:

chaturvn@vsnl.com

Pan No. :

AABFC7158A

Associates :

Neoteric Pte Limited, Singapore
Spectrum Global Pte. Limited

CAPITAL STRUCTURE

As on 30.06.2009

Authorised Capital :

No. of Shares	Type	Value	Amount
18000000	Equity Shares	Rs.10/- each	Rs.180.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10454075	Equity Shares	Rs.10/- each	Rs.104.540 millions

Note:

The above includes:

5000000 equity shares issued as fully paid up by way of bonus shares on 11.12.2007 by capitalization of General Reserve.

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		30.06.2009 (15^th Months)	31.03.2008	31.03.2007
SHAREHOLDERS FUNDS
1] Share Capital		104.540	104.541	30.000
2] Share Application Money		0.000	0.000	20.000
3] Reserves & Surplus		128.670	103.053	104.927
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		233.210	207.594	154.927
LOAN FUNDS
1] Secured Loans		349.630	350.337	290.427
2] Unsecured Loans		74.040	61.264	61.928
TOTAL BORROWING		423.670	411.601	352.355
DEFERRED TAX LIABILITIES		6.400	6.244	7.117

TOTAL		663.280	625.439	514.399

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		30.810	30.231	33.759
Capital work-in-progress		0.000	0.000	0.050

INVESTMENT		0.000	11.336	11.337
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	561.740	517.110	558.189
	Sundry Debtors	845.990	733.474	613.248
	Cash & Bank Balances	52.130	59.891	36.425
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	185.010	121.997	52.168
Total Current Assets		1644.870	1432.472	1260.030
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	571.530	487.600	526.160
	Other Current Liabilities	431.530	335.090	242.550
	Provisions	14.210	28.595	22.067
Total Current Liabilities		1017.270	851.285	790.777
Net Current Assets		627.600	581.187	469.253

MISCELLANEOUS EXPENSES		4.870	2.685	0.000

TOTAL		663.280	625.439	514.399

PROFIT & LOSS ACCOUNT

	PARTICULARS		30.06.2009 (15^th Months)	31.03.2008	31.03.2007
	SALES
		Income	10005.500	6035.350	4885.390
		Other Income	0.650	0.000	0.000
		TOTAL (A)	10006.150	6035.350	4885.390

Less	EXPENSES
		Cost of Goods Sold	9455.680	5663.750	4571.370
		Personnel Expenses	167.890	121.800	96.020
		General & Administrative Expenses	139.840	96.500	78.030
		Sales & Marketing Expenses	23.560	24.500	23.940
		Exceptional Items	80.390	(8.130)	0.000
		TOTAL (B)	9867.360	5898.420	4769.360

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		138.790	136.930	116.030

Less	FINANCIAL EXPENSES (D)		87.470	57.640	50.440

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		51.320	79.290	65.590

Less/ Add	DEPRECIATION/ AMORTISATION (F)		7.070	4.650	4.860

	PROFIT BEFORE TAX (E-F) (G)		44.250	74.640	60.730

Less	TAX (I)		16.840	29.510	23.290

	PROFIT AFTER TAX (G-I) (J)		27.410	45.130	37.440

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		88.060	72.930	55.490

Less	APPROPRIATIONS
		Transfer to General Reserve	30.000	30.000	20.000
	BALANCE CARRIED TO THE B/S		85.470	88.060	72.930

	Earnings Per Share (Rs.)		2.45	4.35	3.68

KEY RATIOS

PARTICULARS		30.06.2009 (15^th Months)	31.03.2008	31.03.2007
PAT / Total Income	(%)	0.27	0.75	0.77

Net Profit Margin (PBT/Sales)	(%)	0.44	1.24	1.24

Return on Total Assets (PBT/Total Assets}	(%)	2.64	5.06	4.65

Return on Investment (ROI) (PBT/Networth)		0.19	0.37	0.39

Debt Equity Ratio (Total Liability/Networth)		6.18	6.08	7.38

Current Ratio (Current Asset/Current Liability)		1.62	1.68	1.59

LOCAL AGENCY FURTHER INFORMATION

NOTE:

The registered office of the company has been shifted from Unit No.20 – B, 2^nd Floor, Shreeram Industrial Estate, 13 G.D.A.K. Road, Wadala, Mumbai – 400 031, Maharashtra to the present address w.e.f. 16.02.2008.

Operating Performance:

For the period ended 30.06.2009, the company has achieved Sales turnover of Rs. 10005.50 Millions for fifteen months period as against Rs. 6035.35 Millions for the twelve months period ended 31.03.2008, registering annualized growth of 32.6%. The Net Profit after Tax (PAT) for the period ended 30.06.2009 decreased from Rs. 45.12 Millions to Rs. 27.41 Millions during the period, decrease of 51.4% on annualized basis. The decrease in profit was mainly due to adverse foreign exchange fluctuations and higher interest outgo.

Foreign Exchange loss for the 15 months period stood at Rs. 96.20Millions as against gain of Rs. 8.13 Millions during previous year ended on 31.03.2008.

This form is for	Modification of charge
Charge identification number of the modified	90144225
Corporate identity number of the company	U30007MH1997PLC106787
Name of the company	NEOTERIC INFOMATIQUE LIMITED
Address of the registered office or of the principal place of business in India of the company	A -23 Shriram Industrial Estate, 13 G.D. Ambedkar Road, Wadala, Mumbai – 400 031, Maharashtra, India
Type of charge	Book Debts Movable Property Floating Charge
Particular of charge holder	Union Bank of India, Opera House Branch, Tejura Chambers, 365-367, V.P. Road, Opera House, Mumbai – 400 004, Maharashtra, India E-Mail: cbsoperahouse@unionbankofindia.com
Nature of description of the instrument creating or modifying the charge	Supplementary Hypothecation agreement dated 31.05.2010
Date of instrument Creating the charge	31.05.2010
Amount secured by the charge	Rs.350.000 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest: As per Principal Hypothecation Agreement Terms of Repayment: As per Principal Hypothecation Agreement Margin: As per Principal Hypothecation Agreement Extent and Operation of the charge: By this Charge Bank had granted Additional Credit facility of Rs.50.000 millions.
Short particulars of the property charged	The Union Bank of India shall have charge rank pari passu on the hypothecated goods, movable properties and book debts as provided
Date of latest modification prior to the present modification	28.05.2010
Particulars of the present modification	By this modification the charge of the bank had granted additional credit facility of Rs. 50.000 millions and now charge stands for Rs. 350.000 millions only.

Fixed Assets:

Plant and machinery
Furniture and fixtures
Vehicles
Software

TRADE REFERENCE:

Compuage Infocom Limited
Rashi Peripherals

WEBSITE DETAILS:-

OVERVIEW

They are one of India’s leading national IT distributors. Since there inception in 1991, they have been bringing the latest products and technology solutions to the market and finding new ways to add value to there customers. They offer a broad array of core technology solutions across diverse verticals.

There in-depth understanding of the channel business and close association with leading vendor partners has enabled them to be the vital link in the technology value chain connecting Channel Partners in India with vendors world-wide. neoteric today has a network of 46 branches spread across India reaching around 7500 partners in 350 cities.

Milestones:

Awarded as "Top growth - Asia 2007" and "Number One Distributor for Mac Business" by Apple.
Awarded as "The Best in New Market Development" by Hitachi.
Launch of Value Added Services in the form of xplore - India's 1st Digital Experience Lounge.
Launch of ERP package-IFS.
Launch of F1 after sales repair Service and Support Centers across India.
Awarded "The Most Creative DM Campaign" at the ABBYs.
Awarded "The Most Preferred Distributor in Demand and Lead Generation" by Channeltimes.com, India's leading IT Publication.
Aggresively expanded Branches from 10 to 22.
Focus on HR practices, induction and training programs and PMS process, resulting low attrition rates and true leveraging of Human Capital.
Began Singapore Operations.
First Distributor to open a regional warehouse in Kolkota.
Participated in Roadshows like Rishtey, Yatra and NARC to penetrate in B, C and D class cities.
Commencement of Distribution Business with Corporate office in Mumbai and branches in Ahmedabad, Delhi and Mumbai.

BUSINESS OVERVIEW:

INTRODUCTION:

Neoteric was founded in 1991, as a value added re-seller organization by a team of dynamic professionals with marketing, sales and technical know-how spread across various industries. There Company commenced operations as a national distributor in 1997, and is now one of India’s fastest growing players in IT distribution space. There registered office and corporate office are in Mumbai in the state of Maharashtra, India.

They evolved there business from a startup to a large integrated organization that adds value at all stages of the technology selling value chain. They deliver the neoteric value proposition right from establishing the brand and product awareness, creating demand, enlisting partners, conducting partner training workshop and technology demonstrations, training the partners, providing presales support and conducting joints end user calls, providing in depth sales and marketing support, support the partner with credit and logistics support and also partner in end user trainings and support.

They act as true partners to both vendor associates and channel partner at all stages in the sales cycle. This value

proposition is delivered as a bouquet of service they offer. Vendor associates and channel partners can engage with neoteric one or all of these services. They offer complete Marketing Services, Sales Services, Pre-Sales and

Technical Support Services, Logistics Services, After Sales Support Sevices

MARKETING SERVICES:

They provide a full range of services to help find, qualify, close and retain lucrative customer relationships. There dedicated team guide creative and execution activities to ensure complete management of all marketing activities. They help partners manage marketing as an ongoing process—improving the consistency and success for demand generation efforts, and speeding the time-to-revenue for opportunities across the sale cycle. There marketing services are designed with an objective of enhancing brand awareness, spreading geographical reach for there product offerings and enabling sales team through lead generation program. There marketing service offering includes:

Direct Mailer Campaigns, Micro sites

• Market Surveys

• Partner Training Programs

• Partners Meets

• PR releases

• Product Training and Certification Programs

• Proof of Concept Centers – xplore digital lounge

• Road shows

• Seminars and Webinars

• Technical support

• Technology demonstration workshops

• Telemarketing

SALES SERVICES:

Building partner’s sales base is there business. They have trained account-focused sales team. There resellers regard the neoteric sales team as part of their organizations. Teams of Account Managers and Business Development Managers work collaboratively to assist partners in developing strategic growth opportunities for their organization. There account team can provide valuable assistance in the following areas:

• Knowledge transfer to successfully sell solutions

• Simplifying the means by which partners does business with suppliers

• Product knowledge/positioning

• Communication of current supplier programs/promotions

• Strategic development of partners business direction as related to suppliers

• Liaison between partner and supplier sales teams

PRE SALES and TECHNICAL SERVICES:

They offer a broad range of services to help partners meet customer requirements and close deals faster, including quotation assistance, product consultation and validation of configurations, plus:

• Technical sales support

They have in house sales, and technology-specific engineers ready to help partner sort through the myriad of technologies on the market to identify the best options partners customers' specific requirements.

• Demonstration Services

Partners can save money and shorten sales cycles by utilizing there solution demonstration services to position and demonstrate solutions.

• Customer Business Portals

As an industry leader in the intelligent application of technology, there customer portals make doing business with them easier by providing instant access to the information and tools partners need through every step of the sales cycle.

• Training Services

They provide a wide variety of customized training opportunities that give partner a competitive edge. There marketing teams work closely with there suppliers to secure third-party training resources that help partner stay on top of their game. Whenever possible, training events are held in conjunction with larger neoteric or supplier events to minimize costs.

Logistics Services

There people, processes and technologies ensure solutions arrive where and when they're expected. There advanced logistics services allow there partners to focus more of their efforts on their customers.

All of there distribution facilities use real-time systems for invoice, and inventory information—ensuring accurate and efficient on-time delivery to partners. They manage thousands of transactions each month and have supply chain experts on staff in all of there warehouses to assist smooth functioning of the end to end supply chain from vendor to the customer warehouse.

After Sales Support Services

Through there F1 there after sales support service, having service centers spread across 30 key locations in the country, they provide all technology product customers post sales support. Each of the F1 service centers is operated by trained, highly skilled and experienced professional to ensure quick turnaround time. F1 provides an integrated model of on-site and carry-in support services.

• Carry In

The customers can carry the defective IN-Warranty/ Out of Warranty (OOW) products to the nearest F1 service centre to avail the after sales services. The products which are majority covered under this category are SMPS, UPS, Speakers, Optical Drives, Digital Still Cameras, Web Cameras, Memory Cards, External drives and writers besides many others.

• On Site:

This category covers the support for the higher end application products such as Desktops, Notebooks, Servers, Higher End Scanners, Joybooks, LCD Projectors, TFT and CRT Monitors.

They provide each of there technology partners what they need, when they need it—from identifying high-potential market opportunities to implementing end-to-end technology solutions, and everything in between—all to accelerate their success

There comprehensive suite of services can help customer access new markets, new customers, new partners, new technologies and new programs to grow their business. neoteric supports channel partner throughout the solution sales cycle with the tools, training, resources and guidance necessary to close more deals faster and accelerate their success

They plan to extend F1Services to encompass support services ranging from Technology Consulting, Remote and

Onsite Infrastructure Management, Support Plans, Training and Certifications, Security and Policy Audits. These would be offered to the customer in conjunction with there channel partners. This in addition to other services would ensure that there customers would be able to offer complete end to end solutions ranging from Analyzing, Planning, Designing, Deploying, Training and Support to enterprises under one roof/

There coverage across India is facilitated via 36 branches having their stocking locations, 4 logistic centers and 4 additional warehouses catering to over 7200 channel partners in more than 350 cities. Sensing an opportunity and considering the boom in the IT industry globally, they have further stepped forward and are all set to serve the global markets with there international business operations in Shenzen (China), and via associate’s in Singapore, Vietnam and SAARC countries like Pakistan.

There in-depth understanding of the channel business and close association with leading vendors has enabled them to be the vital link in the technology value chain, connecting solution providers in India with vendors worldwide.

AWARDS AND RECOGNITIONS

There Company has been the recipient of several awards and recognitions in the past. A few notable awards received by them are as under:

Serial No.	Particulars of Awards	Instituted by	In Financial Year
1	Distributor of the year – Mac Business	Apple India	2008
2	Best Partner Award	BenQ	2007
3	Numero Uno – Mac Distribution	Apple India	2007
4	Operational Excellence Distributor	Apple India	2007
5	Top Growth Asia	Apple India	2007
6	Most Improved Logitech Distributor in South Asia	Logitech	2006
7	Best in New Market Development	Hitachi	2006
8	Number one Distributor	Apple India	2005
9	HDD Capa King	Samsung	2004
10	Laser King	Samsung	2004

THERE BUSINESS MODEL

They play the role of a Value Added Distributor- VAD offering the complete bouquet of services. They act as the vital link in the technology value between the vendor partners and the channel. There value added proposition help vendors speed up the technology adoption curve and reduce the time to market and shorten the product life cycle. They own up products on behalf of the vendor and provide services ranging from demand generation, training, pre sales, sales, marketing, logistics, fulfillment, credit management and post sales support.

Apart from the standard customers, there essentially target customers in the above categories are as follows:

• Single Office / Home Office (SOHO)

• Small and Medium Businesses (SMB)

• Retail: IT retail, larger format retailers (LFR)

• Security and home surveillance solution providers

• Existing component and PC channel

• Verticals: Education, Hospitality, Media

• Online resellers

• Facilities Management Channel (FMS)

As depicted above, they follow an indirect sales model. They do not sell directly to the end customer. They purchase from the vendors and sell only to the channel partners who are typically the corporate OEM resellers, retailers, dealers and systems integrators. They can purchase either on credit or avail cash discounts from the vendors. Availing of cash discounts helps improve there profit margin, which owing to the nature of the distribution industry is usually thin. They provide credit facilities to the resellers which in turn allow them to make healthy margins and invest further into the business. This model, as compared to a direct sales model offers the customers an opportunity to actually see and examine the product before placing an order. They believe and have experienced that large Indian corporate and small and medium business houses prefer to purchase through distribution channels rather than approaching the vendors.

They evolved there business from a small sized largely startup operations to a large integrated technology driven operations and have gradually converted there selves into one stop solution house, offering services ranging from core distribution services like supply chain, credit, to post sales repair services, to evolved value added services which are part of neoteric value proposition

They have vast coverage in the emerging markets across India with 36 branches each with their own stocking locations, 4 logistic centers and 4 additional warehouses catering to over 7200 channel partners in more than 350 cities. Sensing an opportunity and considering the boom in the IT industry globally, they have further stepped forward and are all set to serve the global markets with there international business operations in Shenzen (China), and via associate partners in Singapore, Vietnam and SAARC countries like Pakistan.

Management Information System (MIS)

There MIS provides various information, reports, trends, analysis which help in timely decision making. These help in monitoring, course corrections as well as for strategic direction and goal setting.

MIS systems provide a valuable function in that they can collate into coherent reports unmanageable volumes of data that would otherwise be broadly useless to decision makers. By studying these reports decision-makers can identify patterns and trends that would have remained unseen if the raw data were consulted manually. MIS systems can also use these raw data to run simulations –hypothetical scenarios that answer a range of ‘what if’ questions regarding alterations in strategy.

For instance, MIS systems can provide predictions about the effect on sales that an alteration in price would have on a product. These Decision Support Systems (DSS) enable more informed decision making within an enterprise than would be possible without MIS systems. The MIS team is also responsible for automation of reports and repetitive processes in the system. They are also responsible for system enhancements.

PRESS RELEASE:

“Neoteric Begins South India Leg of Xplore & Evolve”

Mumbai, 18.11.2009 1336 hrs IST: After completing its 'Xplore and Evolve' partner empowerment event in the West and North India, Neoteric Infomatique is embarking on its southern India edition from November 18, beginning with Trivandrum.

Kaushal Khandor, VP-sales, Neoteric Infomatique, said, "With this, we are inching closer to our objective of providing an ecosystem for partners to bring focus on creating demand in the business. 'Xplore and Evolve' is one such activity, wherein we not only display latest products from participating vendors, but solutions as well."

The highlight of the event is display of live solutions in various categories like entertainment, multi-display options and gaming to help partners in upcountry markets to see and understand the latest upcoming technologies, said Khandor.

The 'Xplore and Evolve' event is a part of Neoteric go-to-market strategy with focus on emerging markets especially B and C-class cities. Through this event, the company also aims to foster better understanding between vendors and channel partners so as to grow their business.

Paras Shah, CEO, of Neoteric, along with senior management team members will participate in the roadshow, which will cover -- besides Trivandrum -- Kochi, Coimbatore, Madurai, Salem, Vizag, Vijayawada, Calicut, Mangalore and Hubli.

The southern edition will showcase products from BenQ, Hitachi, McAfee, Logitech, Lenovo, and Umax.

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	Indian Rupees
US Dollar	1	Rs.44.22
UK Pound	1	Rs.71.97
Euro	1	Rs.63.23

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		49

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.

MIRA INFORM REPORT

561.740

517.110

558.189

845.990

733.474

613.248

52.130

59.891

36.425

0.000

0.000

0.000

185.010

121.997

52.168

1644.870

1432.472

571.530

487.600

526.160

431.530

335.090

242.550

14.210

28.595

22.067

1017.270

851.285

790.777

627.600

581.187

469.253

0.27

0.75

0.44

1.24

2.64

5.06

0.19

0.37

6.18

6.08

1.62

1.68

Unit