MIRA INFORM REPORT

Report Date :

29.04.2011

Note:

Registered office of the company has been shifted from D1-103, Sunder Srushti Anand Nagar, Sinhagad Road, Pune-411051 to present address.

IDENTIFICATION DETAILS

Name :	ORBIT PERIPHERALS (PUNE) PRIVATE LIMITED
Registered Office :	210, Hemkunt Chambers, 89, Nehru Place, New Delhi-110019
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	27.01.2010
Com. Reg. No.:	55-198362
CIN No.: [Company Identification No.]	U72900DL2010PTC198362
TAN No.: [Tax Deduction & Collection Account No.]	DEL003740C
PAN No.: [Permanent Account No.]	AABCO2410Q
Legal Form :	Private Limited Liability Company.
Line of Business :	Providing IT Solution

RATING & COMMENTS

MIRA’s Rating :

Ca (16)

RATING		STATUS	PROPOSED CREDIT LINE
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security

Status :	New company
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a new company and yet to establish itself gradually. Trade relations are reported as fair. Business is active. Payments are reported to be slow. Initially, the company can be considered for business dealings on a secured trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – April 1, 2010

Country Name	Previous Rating (31.12.2009)	Current Rating (01.04.2010)
India	A1	A1

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. S.K. Jain
Designation :	Director
Contact No.:	91-20-24252344
Date :	28.04.2011

LOCATIONS

Registered Office :	210, Hemkunt Chambers, 89, Nehru Place, New Delhi-110019, India
Mobile No.:	91-9665049761 (Mr. Lovelesh Prasher)
E-Mail :	skjain@orbitindia.net itrfile@yahoo.co.in
Website :	http://www.orbitindia.com
Area :	1500 sq.ft. (Owned)
Corporate Office :	Office No. 2 and 3, First Floor, Shivneri Building, Opposite P.L. Deshpande Garden, Sinhgad Road, Pune-411030, Maharashtra, India
Tel. No.:	91-20-24252344

DIRECTORS

As on 30.09.2010

Name :	Mr. Lovelesh Parasher
Designation :	Director
Address :	D-1/103, Sunder Shrushti Anandnagar, Sinhgad Road, Wadgaon Budruk, Pune-411051, Maharashtra, India
Date of Birth/Age :	09.05.1976
Date of Appointment :	01.02.2010
DIN No.:	02928244
Name :	Mr. Sushil Kumar Jain
Designation :	Director
Address :	70/35, Navya Padao Vaish College Road, Rohtak-124001, Haryana, India
Date of Birth/Age :	11.07.1973
Date of Appointment :	27.01.2010
DIN No.:	02887438
Name :	Mr. Yoginder Nath Bindra
Designation :	Director
Address :	321, Sector-9, Faridbad-121003, Haryana, India
Date of Birth/Age :	29.05.1946
Date of Appointment :	27.01.2010
DIN No.:	00886174

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Suhil Kumar Jain	9800
Orbit Peripherals Private Limited, Delhi, India	100200
Lovelesh Parasher	30000
Neha Parasher	40000
Shrikant Rajnikant Urane	6000
Madhavi Avinash Aradhye	4000
Leena Swapnil Gandhi	5000
Madhuri Sameer Gandhi	5000
Total	200000

Equity Share Breakup (Percentage of Total Equity)

As on 30.09.2010

Category	Percentage
Bodies corporate	50.10
Directors or relatives of Directors	49.90
Total	100.00

BUSINESS DETAILS

Line of Business :	Providing IT Solution.
Agencies Held :	HP CISCO Microsoft
Terms :
Selling :	Cash and Credit ( 30-60-90 Days)
Purchasing :	Cash and Credit ( 30-60-90 Days)

GENERAL INFORMATION

Customers :	End Users, OEM’s and Corporaters
No. of Employees :	Approximately 10
Bankers :	Not Available

Banking Relations :	--
Auditors :
Name :	Garg B Mohan and Company Chartered Accountant
Address :	264, IInd Floor, H-9, Vardhaman Corporate Plaza, Netaji Subhash Place, Pitam Pura, Delhi-110034, India

CAPITAL STRUCTURE

As on 30.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs. 10/- each	Rs. 2.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs. 10/- each	Rs. 2.000 Millions

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs. 10/- each	Rs. 2.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.100
2] Share Application Money		0.000
3] Reserves & Surplus		0.540
4] (Accumulated Losses)		[0.002]
NETWORTH		0.638
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		0.638
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.222
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.020
	Cash & Bank Balances	0.550
	Other Current Assets	0.000
	Loans & Advances	0.031
Total Current Assets		0.601
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.239
	Other Current Liabilities	0.220
	Provisions	0.000
Total Current Liabilities		0.459
Net Current Assets		0.142
MISCELLANEOUS EXPENSES		0.274
TOTAL		0.638

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2010
	SALES
		Income (Turnover including other income)		0.392
		Other Income
		TOTAL		0.392
Less	EXPENSES
		Office Expenses
		Administrative Expenses		0.393
		Advertising Expenses
		TOTAL		0.393
	PROFIT BEFORE TAX			[0.001]
Less	TAX			[0.001]
	PROFIT AFTER TAX			[0.002]
	Earnings Per Share (Rs.)			--

KEY RATIOS

PARTICULARS		31.03.2010
PAT / Total Income	(%)	[0.51]
Return on Total Assets (PBT/Total Assets}	(%)	[0.12]
Return on Investment (ROI) (PBT/Networth)		[0.002]
Debt Equity Ratio (Total Liability/Networth)		0.72
Current Ratio (Current Asset/Current Liability)		1.31

LOCAL AGENCY FURTHER INFORMATION

DETAILS OF SUNDRY CREDITORS

As on 31.03.2010	Amount (Rs. in Millions)
Sundry Creditors	0.239

Operations:

During the year, the Gross Receipt from Business was Rs. 0.392 Million and Expenditure was Rs. 0.393 Million, after providing provision for Deferred Tax Rs. 0.000 there has been a net loss of Rs. 0.002 Million

Fixed Assets:

· Computer

· Office 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	Indian Rupees
US Dollar	1	Rs.44.33
UK Pound	1	Rs.74.14
Euro	1	Rs.65.78

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	--
--CREDIT LINES	1~10	2
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		16

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.