MIRA INFORM REPORT

Report Date :

09.12.2011

IDENTIFICATION DETAILS

Name :	HEWLETT-PACKARD GLOBALSOFT PRIVATE LIMITED [w.e.f. 05.04.2007]
Formerly Known As :	HEWLETT-PACKARD GLOBALSOFT LIMITED
Registered Office :	Digital Park, 39/40, Electronics City, Phase II, Hosur Road, Bangalore-560100, Karnataka
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	24.04.2000
Com. Reg. No.:	08-026968
Capital Investment / Paid-up Capital :	Rs.346.964 Millions
CIN No.: [Company Identification No.]	U72300KA2000PTC026968
TAN No.: [Tax Deduction & Collection Account No.]	BLRD02712D
PAN No.: [Permanent Account No.]	AAACD4078L
Legal Form :	Private Limited Liability Company
Line of Business :	Providing Software Development Services.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (65)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 34000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and reputed company having fine track. Financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for normal 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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
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 :	Digital Park, 39/40, Electronics City, Phase II, Hosur Road, Bangalore-560100, Karnataka, India
Tel. No.:	91-80-28528892
Fax No.:	91-80-28528908
E-Mail :	sheetal.jaywant@hp.com
Website :	http://www.hpglobalsoft.com
Branch Office:	Prathik Tech Park, Survey No. 93/1, Veerasandra Village, Attibele Hobli, Anekal Taluka, Electronic City Extension, Bangalore-560100, Karnataka, India
Tel No.:	91-80-26158256

DIRECTORS

As on 12.09.2011

Name :

Mr. Thomas Thoppil

Designation :

Director

Address :

Flat No. 3-C, Haydon Manor, # 12, Eagles Street, Langford Town, Bangalore-560025, Karnataka, India

Date of Birth/Age :

08.06.1971

Date of Appointment :

01.03.2005

Din No.:

01360885

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U72300KA2000PTC026968	HEWLETT-PACKARD GLOBALSOFT PRIVATE LIMITED	Director	01-03-05	01-03-05	Active	NO
2	U72200KA1998PTC023479	BRISTOL TECHNOLOGY SOFTWARE PRIVATE LIMITED	Additional director	13-12-07	13-12-07	Strike off	NO
3	U72200KA2005PTC052961	OUTERBAY TECHNOLOGIES PRIVATE LIMITED	Director	30-09-09	24-04-09	Strike off	NO

Name :

Mr. Sridhar Pamidi Reddy

Designation :

Director

Address :

Flat # 106, Brigade Classic Apartments, 27, 43, Arumugam Circle, Basavangudi, Bangalore-560004, Karnataka, India

Date of Birth/Age :

28.06.1968

Date of Appointment :

02.11.2009

Din No.:

02844141

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U72200KA2005PTC052961	OUTERBAY TECHNOLOGIES PRIVATE LIMITED	Additional director	02-11-09	02-11-09	Strike off	NO
2	U72300KA2000PTC026968	HEWLETT-PACKARD GLOBALSOFT Private LIMITED	Director	30-09-10	02-11-09	Active	NO

Name :

Mr. Pazhankottai Venkateswaran Venkatachalam

Designation :

Director

Address :

Sri Sharada Krupa, 153, 4, 7^th Main Between 9^th and 11^th Cross, Malleshwaram, Bangalore-560003, Karnataka, India

Date of Birth/Age :

22.06.1955

Date of Appointment :

31.03.2010

Din No.:

03059188

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U72300KA2000PTC026968	HEWLETT-PACKARD GLOBALSOFT PRIVATE LIMITED	Director	30-09-10	31-03-10	Active	NO

KEY EXECUTIVES

Name :	Sheetal Jaywant
Designation :	Secretary
Address :	Q 1306, Symphony, Purva Fountain Square, Near Marat Halli Flyover, Marathalli, Bangalore-560037, Karnataka, India
Date of Birth/Age :	10.10.1978
Date of Appointment :	03.06.2010

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 12.09.2011

Names of Shareholders	No. of Shares
Compaq Computer Holdings Limited, United Kingdom	668
Hewlett Packard Dusseldorf BV, Netherlands	715.85628
Hewlett Packard Almelo BV, Netherlands	1
Hewlett Packard Arnhem BV, United Kingdom	1
Hewlett Packard Emmen BV, Netherlands	2
Total	1387.85628

As on 12.09.2011

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]	100.00

BUSINESS DETAILS

Line of Business :

Providing Software Development Services.

Products :

Product Description	Item Code
Computer Software	85 24 90 09

GENERAL INFORMATION

Bankers :

· Deutsche Bank, London

· Citi Bank, Tokyo

· Bank of America, USA

· Citi Bank, Frankfurt

· Citi Bank, Singapore

· Citi Bank, Hong Kong

Facilities :

Secured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Finance lease obligation long-term secured	0.036	0.463
Total	0.036	0.463

Banking Relations :	--
Auditors :
Name :	S.R. Batliboi and Company Chartered Accountants
Address :	12^th and 13^th Floor, UB City, Canberra Block, No. 24, Vittal Mallya Road, Bangalore-560001, Karnataka, India
Pan No.:	AALFS0506L

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
2000	Equity Shares	Rs.250000/- each	Rs.500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1388	Equity Shares	Rs.250000/- each	Rs.346.964 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		346.964	339.214	339.214
2] Share Application Money		0.000	7.750	0.000
3] Reserves & Surplus		8259.509	13293.586	11863.479
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		8606.473	13640.550	12202.693
LOAN FUNDS
1] Secured Loans		0.036	0.463	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.036	0.463	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		8606.509	13641.013	12202.693
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2827.896	2749.579	2508.080
Capital work-in-progress		84.227	130.854	198.287
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		617.001	395.268	187.101
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	2337.210	1824.764	1149.006
	Cash & Bank Balances	8450.514	7641.243	5981.056
	Other Current Assets	278.896	436.773	298.272
	Loans & Advances	3441.413	3375.693	3533.822
Total Current Assets		14508.033	13278.473	10962.156
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1537.916	1128.485	1173.411
	Other Current Liabilities	314.244	1316.013	29.629
	Provisions	7578.488	468.663	449.891
Total Current Liabilities		9430.648	2913.161