1. Summary Information

		Country	India
Company Name	BEETEL TELETECH LIMITED	Principal Name 1	Mr. Rakesh Bharti Mittal
Status	Satisfactory	Principal Name 2	Mr. Sunil Bharti Mittal
		Registration #	--
Street Address	First Floor, Plot No. 16, Udyog Vihar, Phase IV, Gurgoan – 122015, Haryana, India
Established Date	30.03.1999	SIC Code	--
Telephone#	91-24-4823500	Business Style 1	Manufacturer of Telecom Equipments,
Fax #	91-24-4146130	Business Style 2	--
Homepage	http://www.bharti-teletech.net	Product Name 1	Ultrasound Equipments.
# of employees	--	Product Name 2	Circuit Boards
Paid up capital	Rs 50,700,000/-	Product Name 3	Electrical Computers
Shareholders	Bodies corporate – 95.98	Banking	Citi Bank State Bank of India
Public Limited Corp.	--	Business Period	11 years
IPO	---	International Ins.	-
Public Enterprise	---	Rating	Ba (49)
Related Company
Relation Fellow Subsidiaries	Country India	Company Name	Centum Learning Limited Bharti Telemedia Limited
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2010		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	785,848,000	Current Liabilities	1,009,280,000
Inventories	455,149,000	Long-term Liabilities	20,202,000
Fixed Assets	216,881,000	Other Liabilities	11,073,000
Deferred Assets	33,857,000	Total Liabilities	1,029,482,000
Invest& other Assets	623,739,000	Retained Earnings	1,024,219,000
		Net Worth	1,074,919,000
Total Assets	2,115,474,000	Total Liab. & Equity	2,115,474,000
Total Assets (Previous Year)	2,230,517,000
P/L Statement as of	31.03.2010		(Unit: Indian Rs.)
Sales	5,905,210,000	Net Profit	35,730,000
Sales(Previous yr)	10,606,520,000	Net Profit(Prev.yr)	13,850,000

MIRA INFORM REPORT

Report Date :

16.08.2011

IDENTIFICATION DETAILS

Name :	BEETEL TELETECH LIMITED
Formerly Known As:	BHARTI TELETECH LIMITED
Registered Office :	First Floor, Plot No. 16, Udyog Vihar, Phase IV, Gurgoan – 122015, Haryana, India
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	30.03.1999
Com. Reg. No.:	55-042204
Capital Investment / Paid-up Capital :	Rs.50.700 Millions
CIN No.: [Company Identification No.]	U32204DL1999PLC123394
TAN No.: [Tax Deduction & Collection Account No.]	DELB04576F
PAN No.: [Permanent Account No.]	AABCB3989M
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Telecom Equipments, Electrical Computers, Circuit Boards and Ultrasound Equipments.

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

Maximum Credit Limit :	USD 4299676
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. 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	A1	A1

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

LOCATIONS

Registered Office / Corporate Office :	First Floor, Plot No. 16, Udyog Vihar, Phase IV, Gurgoan – 122015, Haryana, India
Tel. No.:	91-24-4823500
Fax No.:	91-24-4146130
E-Mail :	usrinivas@bttindia.com share.bttl@beetel.in gaurav.arora@beetel.in
Website :	http://www.bharti-teletech.net
West Office :	Office Suite D, 2^nd Floor, North Wing Excom House, 7 Saki Vihar Road, Andheri East, Saki Naka, Mumbai – 400072, Maharashtra, India.
Tel. No.:	91-22-40790909
Fax No.:	91-22-40790931
South Office :	No. 76, 36th Main, Dollar Scheme Extension BTM Layout, Madiwala, Bangalore – 560047, Karnataka, India
Tel. No.:	91-80-26786248
Fax No.:	91-80-26683686
East Office :	4th Floor, Room No. 8, Shantiniketan Building, 8, Camac Street, Kolkata – 700017, West Bengal, India
Tel. No.:	91-33-22825102
Fax No.:	91-33-22818473
Factory 1 :	1-4, Rural Industrial Complex, Village Humbran,Ludhiana - 140 110 Punjab, India
Tel. No.:	91-161-2871261 / 2871
Fax No.:	91-161-2871361
Factory 2 :	Plot No. 46-50, Mapusa Industrial Estate, Mapusa, Goa - 403507
Branches :	WEST RO v Maharashtra, Mumbai v Bhiwandi Warehouse Bhiwandi v Kurla (East Mumbai) v Pure Warehouse Rest of Maharashtra v Nagpur Warehous v M.P Any Town of M.P v Chhatisgarh any Town of Chhattisgarh SOUTH RO v Karnataka Bangalore Office and warehouse all Towns of Karnatka v Tamilnadu All towns of Tamilnadu v Pondicherry v A P All towns of AP v Kerala All Towns of Kerala EAST RO v Kolkata Office v Kolkatta Warehouse v Bihar v Jharkhand v Orissa v Assam NORTH RO v Delhi v Rajasthan v J and K v Punjab v Uttranchal v Noida v Chandigarh v Haryana v Himachal Pradesh v Lucknow v Goa

DIRECTORS

As on 27.07.2009

Name :	Mr. Sunil Bharti Mittal
Designation :	Chairman
Date of Birth/Age :	23.10.1957
Date of Appointment :	30.03.1999
Name :	Mr. Rakesh Bharti Mittal
Designation :	Vice Chairman and Managing Director
Date of Birth/Age :	18.09.1955
Qualification :	Electronic Engineer
Experience :	29 Years
Date of Appointment :	21.09.2000
Previous Employment	Managing Director of Bharti Telecom Limited
Name :	Mr. Pawan Kapur
Designation :	Whole Time Director and Chief Executive Officer
Date of Birth/Age :	04.06.1950
Date of Appointment :	01.07.2002
Name :	Mr. Rajan Bharti Mittal
Designation :	Director
Date of Appointment :	30.03.1999
Date of Cessation:	04.11.2009
Name :	Mr. Akhil Gupta
Designation :	Director
Date of Birth/Age :	22.12.1955
Date of Appointment :	25.11.2000
Date of Cessation:	04.11.2009
Name :	Mr. K. L. Jain
Designation :	Director
Date of Birth/Age :	06.10.1949
Date of Appointment :	27.09.2000
Name :	Mr. G. K. Aggarwal
Designation :	Director
Date of Birth/Age :	25.10.1948
Date of Appointment :	27.09.2000
Name :	Mr. Kailash Chandra Mehra
Designation :	Director
Date of Birth/Age :	06.12.1921
Date of Appointment :	01.07.2002
Name :	Mr. K. Virendra Bhussry
Designation :	Director
Date of Birth/Age :	28.02.1930
Date of Appointment :	01.07.2002
Name :	Mr. Badri Agarwal
Designation :	Additional Director
Name :	Mr. Inderjit Walia
Designation :	Director
Date of Birth/Age :
Date of Appointment :	25.09.2008
Name :	Mr. Devendra Khanna
Designation :	Director
Date of Birth/Age :	14.07.1960
Date of Appointment :	27.07.2009
Name :	Mr. Sarvjit Singh Dhillon
Designation :	Director
Date of Birth/Age :	24.09.1966
Date of Appointment :	27.07.2009

KEY EXECUTIVES

Name :

Mr. Sudhir Khullar

Designation :

Company Secretary and Vice President

Date of Birth/Age :

28.07.1960

Date of Appointment :

16.03.2001

Other Personnel:

Mr. J. K. Dudani	Chief (International Marketing Exports)
E Mai	dudani@bttindia.com
Mr. Lokesh Nagpal	Deputy Chief – International Marketing
E Mail	lokesh@bttindia.com
Mr. Puneet Chowdhary	Deputy Chief – International Marketing Exports
E Mail	puneet@bttindia.com

Name :

Mr. Sumit Sehgal

Designation :

General Manager – Marketing

Date of Birth/Age :

41 Years

Qualification :

MBA ( Marketing)

Date of Appointment :

02.01.2003

Name :

Mr. Satish Upganlawar

Designation :

Head Corporation HR

Date of Birth/Age :

44 Years

Qualification :

B.Sc. M.P.M

Date of Appointment :

01.05.2006

Name :

Mr. Arvind Ahuja

Designation :

CFO

Date of Birth/Age :

48 Years

Qualification :

CA, ICWA

Date of Appointment :

01.08.2007

Name :

Mr. Harish Goyal

Designation :

General Manager (Export)

Date of Birth/Age :

38 Years

Qualification :

BE (Electronics)

Date of Appointment :

05.12.2005

Date of Ceasing:

12.02.2008

Name :

Mr. Mahesh Jain

Designation :

Genral Manager Finance

Date of Birth/Age :

38 Years

Qualification :

B.Com, CA, LLB

Date of Appointment :

12.08.2005

Date of Ceasing:

27.06.2007

Name :

Mr. Navdeep Bhatia

Designation :

Joint General Manager

Date of Birth/Age :

38 Years

Qualification :

BE, EMIT

Date of Appointment :

01.07.2007

Name :

Mr. Ravinder Arora

Designation :

General Manager (Corporation Finance)

Date of Birth/Age :

47 Years

Qualification :

B.Com, ICWA

Date of Appointment :

01.10.2000

Name :

Mr. Vineet Bose

Designation :

Secretary

Date of Birth/Age :

14.12.1977

Date of Appointment :

07.11.2008

Name :

Mr. Vinod Sawhny

Designation :

ED and CEO

Name :

Mr. Suresh Gupta

Designation :

Chief Commercial Officer

Experience:

23 Years

Name :

Mr Sunil D Sharma

Designation :

Business Head – Mobile and Smart Devices

Experience:

23 Years

Name :

Mr. Prabhat Ummat

Designation :

Business Head – Landline Devices and IT Products

Experience:

16 Years

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 27.07.2009

Equity Share Breakup		Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]		0.98
Bodies corporate		95.98
Directors or relatives of directors		0.22
Other top fifty shareholders		0.71
Others		2.11
	Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Telecom Equipments, Electrical Computers, Circuit Boards and Ultrasound Equipments.

Products :

Product Description	Item Code No. (ITC Code)
Electronic Push Button Telephones	85171110
Cordless	851711-03
Cellular Phone	85252017

v Slim line telephones

v Basic telephones

v Feature phones

v Caller ID boxes

v Boss Secretary phones

v Cordless phones

v SMS phones

v ADSL products

v Fixed Wireless Terminals

v Fixed Cellular Terminals

Brand Names :

“BEETEL”, “MOD” and “BHARTI”.

Exports :

Countries :

· USA

· South America

· Eastern Europe

· Middle East

· South East Asia

· Africa

Terms :

Selling :

Credit terms

Purchasing :

L/C terms

PRODUCTION STATUS (AS ON 31.03.2010)

Particulars	Unit	Installed Capacity	Actual Production
Landline Phones	Nos.	3000000	1950131

GENERAL INFORMATION

Customers :

· Siemens

· Sprint Corporation, Usa

· Akai Corporation

· Mauritius Telecom

· Oman Telecom

Bankers :

· State Bank of India, Commercial Branch, Vardhman Trade Centre, Plot No. 3 and 4, DDA Building, 2^nd Floor, Nehru Place, New Delhi 110019, India

· Citi Bank

· IDBI Bank Limited

Facilities :

SECURED LOAN	31.03.2010 Rs. In Millions
From Banks #
Cash Credit and Foreign Currency Working Capital Loan	20.202
Total	20.202

# (Secured against the hypothecation of Stocks, Debtors and other current assets of the company and first charge on all the fixed assetsof the company)

Banking Relations :	--
Auditors :
Name :	J. C. Bhalla and Company Chartered Accountants
Address :	A-18, Nizamuddian West, New Delhi
Name :	S R Batliboi and Associates Chartered Accountants
Address :	Golf View Corporate Tower B, Near DLF Golf Coure Sector 42, Sector Road, Gurgaon 122001, Haryana, India
Holding Company:	Bharti Enterprises ( Holding) Limited
Significant Shareholders:	Bharti (SBM) Holdings Private Limited Bharti (RBM) Holdings Private Limited Bharti (RM) Holdings Private Limited
Fellow Subsidiaries :	Comviva Technologies Limited (Formerly Bharti Telesoft Limited) Centum Learning Limited Bharti Telemedia Limited* Centum Learning Limited (Formerly Bharti Learning Systems Limited)* Bharti Teleports Limited* Bharti Realty Private Limited* Tamarind Projects Private Limited* Jataayu Software Inc* Jataayu Software Limited* (* Till March 31, 2010)

CAPITAL STRUCTURE

As on 27.07.2009

Authorised Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Shares	Rs. 10/- each	Rs. 60.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5070007	Equity Shares	Rs. 10/- each	Rs.50.700 Millions
	Of the above Equity Shares: i) 5070000 Shares are allotted as fully paid up pursuant to scheme of arrangement without payment being received in cash

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		50.700	50.700	50.700
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1024.219	953.601	948.650
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1074.919	1004.301	999.350
LOAN FUNDS
1] Secured Loans		20.202	1.041	75.120
2] Unsecured Loans		0.000	0.000	3.790
TOTAL BORROWING		20.202	1.041	78.910
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
ESOP Outstanding		11.073	5.066	0.000
TOTAL		1106.194	1010.408	1078.260
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		216.881	146.450	172.130
Capital work-in-progress		3.883	0.116	0.000
INVESTMENT		619.856	132.820	298.240
DEFERREX TAX ASSETS		33.857	37.850	38.450
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	455.149	1041.383	1215.130
	Sundry Debtors	500.411	655.493	722.300
	Cash & Bank Balances	48.443	50.305	141.980
	Other Current Assets	0.446	0.076	6.450
	Loans & Advances	236.548	166.024	463.180
Total Current Assets		1240.997	1913.281	2549.040
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	823.950	981.600	0.000
	Other Current Liabilities	76.990	111.620	1820.110
	Provisions	108.340	126.889	159.490
Total Current Liabilities		1009.280	1220.109	1979.600
Net Current Assets		231.717	693.172	569.440
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1106.194	1010.408	1078.260

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	5905.210	10606.520	15421.820
		Other Income	32.700	67.350	164.790
		TOTAL (A)	5937.910	10673.870	15586.610
Less	EXPENSES
		Cost of Materials	4772.580	9586.410	13980.030
		Manufacturing Expenses	21.270	36.740	25.760
		Exceptional and Prior period Adjustment	0.000	0.000	[6.490]
		Office Expenses	0.000	0.000	0.000
		Administrative Expenses	662.210	507.210	1179.230
		Personnel Expenses	358.500	376.270	0.000
		Employee Stock Option Cost	6.010	5.070	0.000
		TOTAL (B)	5820.570	10511.700	15178.530
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		117.340	162.170	408.080
Less	FINANCIAL EXPENSES (D)		16.020	24.680	50.950
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		101.320	137.490	357.130
Less/ Add	DEPRECIATION/ AMORTISATION (F)		50.300	81.580	34.850
Add/ (Less)	Prior Period Adjustments		0.910	(22.750)	(0.670)
	PROFIT BEFORE TAX (E-F) (G)		51.930	33.160	321.610
Less	TAX (H)		16.200	19.310	128.800
	PROFIT AFTER TAX (G-H) (I)		35.730	13.850	192.810
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		941.900	937.650	764.740
Add	Balance brought from transfree company up to March 31, 2008		44.810	0.000	0.000
Less	Balance brought from transfree company for the year ended March 31, 2009		22.070	0.000	0.000
Add	Changes in deferred tax on account of amalgamation		5.550	0.000	0.000
Less	APPROPRIATIONS
		Transfer to General Reserve	1.800	0.700	11.000
		Dividend	7.610	7.610	7.610
		Tax on Dividend	1.260	1.290	1.290
	BALANCE CARRIED TO THE B/S		959.520	941.900	937.650
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	538.970	478.390	269.580
		Commission Earnings	NA	NA	0.840
		Other Earnings	NA	NA	NA
	TOTAL EARNINGS		538.970	478.390	270.420
	IMPORTS
		Raw Materials	133.260	302.460	297.990
		Plant and Machinery and other Capital Goods	19.950	21.660	3.120
		Finished Goods	3355.750	2354.160	2083.730
		Stores and Spares	11.210	11.920	4.160
	TOTAL IMPORTS		3520.170	2690.200	2389.000
	Earnings Per Share (Rs.)		7.05	2.73	--

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	0.60	0.12	1.23
Net Profit Margin (PBT/Sales)	(%)	0.88	0.31	2.08
Return on Total Assets (PBT/Total Assets}	(%)	3.56	1.60	11.82
Return on Investment (ROI) (PBT/Networth)		0.05	0.03	0.32
Debt Equity Ratio (Total Liability/Networth)		0.97	1.22	2.05
Current Ratio (Current Asset/Current Liability)		1.22	1.56	1.28

LOCAL AGENCY FURTHER INFORMATION

Note:

The registered office address of the company has been shifted from D-47, Okhla Industrial Area, Phase I, New Delhi – 110 020, India to present address w.e.f. 18.08.2010.

HISTORY

Bharthi Teletech Limited, a Bharathi Mittal Group company, is into manufacturing of telecom equipments i.e telephone instruments. The company has taken over the manufacturing and marketing business activities of Bharti Telecom Limited,(a Group company), the purpose for which it is incorporated. The sharehoders of Bharathi Telecom Limited(BTL) got 3 shares of Bharathi teletech for every share he had in BTL under this demerger scheme. 

Push Button Telephones(EPBT) and cordless phjones are the major products of the company and it has an installed capacity of 3.6 mln EPBT phones per annun and 18,000 cordless phones per annum. BSNL(erstwhile DOT) and MTNL are the two major customers of the company.

Bharti Systel Limited(formerly Siemens Telecom Limited) has become a wholly owned subsidiary of the company consequent to the divestment of entire shareholding in BSL by Siemens Limited 

The company is undertaking a restructuring excercise with its policy of giving specialised/exclusive focus on its core activity. As per the said scheme the company has decided to exit from M/s Bharti Dura-Line Limited a Joint Venture with Duraline Corporation Limited The company has also decided to transfer its Ludhiana manufacturing facility to Bharati Systel as a going concern w.e.f April 1, 2001. In this regard it has signed an memorandum with Bharathi Systel.

BUSINESS REVIEW

During 2009-2010 the company has achieved gross revenue of Rs. 5990.640 millions. The profit before tax is Rs. 51.930 millions.

Consequent upon the termination of its distribution agreement with Motorola, the company has made consistent efforts towards increasing its sale and distribution product portfolio so as to build a firm foundation for its goal of becoming admired sales and distribution company.

This sustained endeavor has resulted in growth in revenue of around 24 percent in non-motorola product portfolio comprising smart phones and enterprises solutions besides alliances with world leaders in network equipment and enterprises solutions like RAD and Avaya.

FUTURE PLANS:

Under a new leadership team led by an experienced leader Mr. Vinod Sawhny as CEO, Company endeavore to achieve higher volumes and profit margin therough sales and distribution of smart phones like Apple I Phones besides making deeper inroads in enterprise solutions through Avaya while continuing to sustain the higher growth volumes of last financial year in Polycom and Blackberry.

Further this year company has also projected growth in network solutions business, development of direct to home set top boxes for DTH service providers and sales and distribution of it peripheral products.

In the forthcoming months company is also coming up with an ambitious plan to launch mid price segment mobile phones under Beetel Brand.

Fixed Assets:

• Land
• Building
• Plant and Machinery
• Furniture and Fixture
• Vehicle
• Computer
• Intangible Assets
• Goodwill
• Computer Software

FORM 8

Corporate identity number of the company	U32204DL1999PLC123394
Name of the company	BEETEL TELETECH LIMITED
Address of the registered office or of the principal place of business in India of the company	D-4/5/6 krishna Apra Business Square, 2^nd Floor, Netaji Subhash Place, New Delhi 110034, India
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	80001173
Type of charge	Immovable Property Book Debts Movable Property
Particular of charge holder	State Bank of India, Commercial Branch, Vardhman Trade Centre, Plot No. 3 and 4, DDA Building, 2^nd Floor, Nehru Place, New Delhi 110019, India Email: sbi.04298@sbi.co.in
Nature of instrument creating charge	Letter No. C and I/Adv/2010-11/30 dated April 15, 2010 received from State Bank of India and Form C.5 letter Regarding the Grant of Individual Limits within the overall limit dated 04/05/2010 with respect to modification of charge.
Date of instrument Creating the charge	04.05.2010
Amount secured by the charge	Rs. 700.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest 11.75%p.a. – State Bank of India advance rate. Terms of Repayment Working Capital Limits – On Demand Margin Stocks Raw Material – Domestic and Foreign/SIP/FG/Stores and Spares : 25% Book Debts (with a cover period of 90 days):10% LC and BG: Nil (100% on Disputed Bank Guarantees) Extent and Operation of the charge To secure the working capital facilities (Fund Based and Non Fund Based) aggregating to Rs. 700.000 millions availed from State Bank of India. (Pari Passu Charge)
Short particulars of the property charged	First Pari Passu Hypothecation (with IDBI Bank) of the company’s stocks of raw material, stores, spares, stock in process, finished goods, etc. Lying in the factory, godowns, elsewhere and including goods in transit. Pari Passu Hypothecation of company’s all present and future book debts/receivables as also documentary bills duly accepted, export bills and cheques / drafts and charge over entire current assets of the company. First pari passu charge on all fixed assets of the company including equitable mortgage on the property situated at Plot No. 1-4, Rural Industries Complex, Village, Hambra, Ludhiana.
Date of instrument modifying the charge	11.08.2009
Particulars of the present modification	Due to change in limits from Rs. 372.000 millions to Rs. 700.000 millions from State Bank of India.

AS PER WEBSITE:

About Us

Subject comes from the Bharti Enterprises Group, founded in 1976, by Sunil Bharti Mittal. Beetel is a leading technology brand offering contemporary solutions for modern India’s connectivity and IT needs. It offers innovative and relevant products in Mobile phone, IT peripherals and Wire-line telephone segments under the Beetel brand and has leading share in retail and telecom service provider segments in the Landline category.

Beetel is a fast growing and dynamic brand with a focus on new and growing categories. Having been a pioneer in Landline phones, Beetel has entered into the fast expanding mobile phone category in 2010-2011. The other strategic growth area for Beetel is that of IT products where Beetel is present in both Memory and Storage products and IT peripherals. Beetel is also a distributor of Memory and Storage devices (HDD) for Transcend.

Beetel has recently stepped into the area of convergence devices, specifically Mobile broadband devices being Airtel’s exclusive pan-India distributor for Mobile Broadband Devices starting with 3G Data Cards.

Beetel's manufacturing unit for its Landline business is in Ludhiana with high-speed SMT lines, Automatic Robotic Plastic Molding Injection line (ISO9001 – 2000 Certified).

Beetel is also into distribution and marketing of a wide range of brands that include Blackberry, Apple, Avaya, Polycom, Samsung, Sanyo, Panasonic, Transcend, Iomega, Aastra Telecom, RAD Data Comm, Actelis. Beetel is amongst the leading telecommunication equipment provider across the globe with products and solutions deployed in over 35 countries across 5 continents.

Milestones

• Push Button Phone in 1985
• Answering Phone/Machines in 1989
• Cordless Phones and Fax Machines in 1990
• Manufacture of Radio Pagers in 1993
• CLI Phones in 2000
• Phones with SMS facility in 2003
• Integrated player to launch Free to Air – Set Top Boxes in 2004
• Phones with FM Radio in 2007
• Beetel branded Mobile Phones in 2010 - 2011 with Dual SIM, Big Sound and Camera as base features.
• IT Peripherals range of products in 2010 - 2011 with 10 product categories.

Global Portfolio

Beetel, one of the largest manufacturers of landline phones in India, is amongst the leading telecommunication equipment providers across the globe. Their products and solutions have been deployed in over 35 countries and across 5 continents. They share the pride of being associated with the leading telecom operators and biggest brands in the OEM space. They have their strength as customization of products with a quick turnaround time which is well established by the telecom operator approval as well as regional approvals like CE-Europe, NOM-Mexico, ICASA-South Africa, CNC-Argentina, MIC-Korea, SONCAP - Nigeria and SIRIM-Malaysia etc. With a strong RandD set-up and stringent Quality Controls, they have been able to lead the technology curve in the Telecom industry and have provided great value to their customers / channel partners.

Their International product line includes: PSTN, CLIP, Cordless (Analog / 2.4 GHz / DECT), Mobile, FWP / FCT, Datacard (2G / 3G), Modem, IT Peripherals, etc.

They at Beetel continuously strive for long lasting relationship with their customers by offering latest technology products and solutions at the most competitive prices.

PRESS RELEASE:

Beetel launches the CB99000 twin cordless phone: India’s first phone designed specifically for the bedroom

New Delhi, August XX, 2008: Beetel, India’s leading telephone brand, today announced the launch of the CB99000 cordless phone with twin handset facility. With features such as digital alarm with snooze, sleep timer for 90 minutes and Real time clock display, the CB99000 is India’s first phone to be designed specifically for the bedroom, which is easily one of the most sought after places where a cordless phone is kept. The twin cordless combo phone is powered by the digital 2.4 GHz technology for enhanced voice clarity and longer hands-free range. The CB99000 is yet another testimony to Beetel’s commitment to offer pioneering and feature rich phones and powering the telephony needs of the customers through innovation and design.

The Beetel CB99000 features an inbuilt FM radio with 10-channel storage, thereby addressing the entertainment needs of the customers and 10 selectable ringer melodies with adjustable volume. The phone features Intercom facility and allows 3 way call conferencing. It also has an Electronic Volume Control for the FM speaker and an additional charger with FM radio facility. The CB99000 also comes equipped with an inbuilt phone book that offers storage of up to 50 phone numbers and has a vibrant blue backlit LCD display. The dual mode DTMF / FSK caller ID system compatible phone contains an incoming calls memory for the last 50 incoming calls. The CB99000 bedroom phone comprises of two-way speakerphone with adjustable volume and a 5-step handset receive volume control. The power-packed phone comes with a 1 year warranty, and is priced at Rs. 3795/-.

With the launch of the CB 99000, Beetel is looking to further fuel the uptake of cordless telephones in the country and continue on its commitment to offer the best-in-class and revolutionary products to its customers.

With zero moisture access in all Beetel telephones, the Company ensures that all instruments work well under any climatic conditions including moist and humid climate experienced in the coastal areas. All phones from Bharti Teletech are backed by Beetel’s one year of warranty against any manufacturing defects.

BHARTI TELETECH AWARDED THE NIRYAT SHIROMANI PURASKAR FOR EXPORTS

Recognized for its initiatives in promoting exports by the Indian Council of Small and Medium Exporters

New Delhi, August XX, 2008: Bharti Teletech, one of India’s leading manufacturers and distributors of telecom and allied products, has been awarded the ‘Niryat Shiromani Puraskar’ Award for Exports by the Indian Council of Small and Medium Exporters (ICSME) for the year 2007-08. The award has been given in recognition of the company’s initiatives in promoting exports from the country. The prestigious award was presented in the presence of eminent dignitaries like Dr. Balram Jakhar, Hon’ble Governor of Madhya Pradesh, Dr. Bhishma Narayan Singh, Ex-Governor of Tamil Nadu and Assam and Mr. G.V.G. Krishnamurthy, Ex-Election Commissioner Govt. of India, in New Delhi.

Bharti Teletech, which exports to 30 countries across 5 continents, has been consistently recognized for its export initiatives having won numerous awards for exports. During the year 2007-08, the company exported over a million telephones to 30 countries across five continents.

The Niryat Shiromani Puraskar for Exports, instituted by ICSME, seeks to recognize companies that bring about a new culture of export efforts and contribute effectively towards the country’s economic growth. This prestigious award is an unequivocal acknowledgement of the export-oriented initiatives of Bharti Teletech.

Commenting on the award, Mr. Sunil Goyal, CEO, Bharti Teletech said, “It is a matter of great pride for us at Bharti Teletech to have been recognized for their export initiatives by the Indian Council of Small and Medium Exporters. As the leading manufacturer of telecom and allied products in the country, it is their constant endeavor to bring India into the global telecom products manufacturing arena by offering world-class quality products at competitive prices. The award is a reaffirmation of Beetel’s manufacturing prowess in the telecom sector, not only in India but also globally.”

Today, Bharti Teletech continues to be the India’s largest selling telephone brand Beetel and has been consistently awarded the "Top Fixed Phones Company Award" by Voice and Data.

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.37
UK Pound	1	Rs.73.53
Euro	1	Rs.64.37

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	6
--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	NO
--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.