MIRA INFORM REPORT

Report Date :

15.12.2011

IDENTIFICATION DETAILS

Name :	BON MOYAR COMPUTERS PRIVATE LIMITED
Registered Office :	Deluxe House, 182, Modi Street, Fort, Mumbai – 400001, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	13.05.2004
Com. Reg. No.:	11-146290
Capital Investment / Paid-up Capital :	Rs.4.000 Millions
CIN No.: [Company Identification No.]	U52392MH2004PTC146290
TAN No.: [Tax Deduction & Collection Account No.]	MUMB13667D
PAN No.: [Permanent Account No.]	PANAPPLIED
Legal Form :	Private Limited Liability Company
Line of Business :	Dealer of Computer Peripherals.
No. of Employees :	10 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 57000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track records. Trade relations are reported as fair. Business is active. Payment terms 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.

INFORMATION PARTED BY

Name :	Mr. Ritesh
Designation :	Account Manager
Contact No. :	91-22-22644556

LOCATIONS

Registered Office :	Deluxe House, 182, Modi Street, Fort, Mumbai – 400 001, Maharashtra, India
Tel. No.:	91-22-22644556
Fax No.:	91-22-22657614
E-Mail :	bonmoyarcomp@vsnl.net boninfo@vsnl.net admin@bonmoyar.com bonmoyar@gmail.com
Website :	http://www.bonmoyar.com
Area :	900 sq ft
Location :	Owned
Head Office :	52, Bomanji Lane, Ground Floor, Wipata House, Fort, Mumbai – 400001, Maharashtra, India
Tel. No. :	91-22-66366068 / 66366084 / 22642930 / 31 / 22644556 / 22700672
Fax No. :	91-22-22700672 / 22657614
Branch Office 1 :	G-2, Crystal Plaza, Andheri - Chakala Link Road, Andheri (East), Mumbai-400 099, Maharashtra, India
Tel. No.:	91-22-66932826 / 66932827 / 66916736
Fax No.:	91-22-66932826
E-Mail :	adminadheri@bonmoyar.com
Location :	Owned
Branch Office 2 :	Plot No. 73, Shop No. 27, Ground Floor, Welfare Chamber, Sector 17, Vashi, Navi Mumbai, Maharashtra, India
Tel. No.:	91-22-65118848 / 65118851
E-Mail :	bonmoyarcomp@hotmail.com

DIRECTORS

As on 30.09.2011

Name :

Mr. Bhimshi Harilal Dubaria

Designation :

Director

Address :

Room No. C-8, Dina Patil Estate, Station Road, Bhandup (East), Mumbai-400078, Maharashtra, India

Date of Birth/Age :

17.03.1957

Date of Appointment :

13.05.2004

DIN :

00436383

Name :

Mr. Nathalal Ranchhod Chamria

Designation :

Director

Address :

Plot No. 33, RSC 17, Disha CHS, Andheri Varsova Road, 33 B-225, Andheri (West), Mumbai-400058, Maharashtra, India

Date of Birth/Age :

07.08.1972

Date of Appointment :

13.05.2004

DIN :

00436507

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U70100MH1994PTC083212	MANJARI HOME MAKERS PRIVATE LIMITED	Director	10/12/2003	10/12/2003	6/5/2010	Active	YES
2	U52392MH2004PTC146290	BON MOYAR COMPUTERS PRIVATE LIMITED	Director	13/05/2004	13/05/2004	-	Active	NO
3	U45200MH2005PTC154657	MAX REALTIES PRIVATE LIMITED	Director	7/2/2006	7/2/2006	-	Active	YES
4	U74999MH2007PTC171357	BHOOMI HABITAT PRIVATE LIMITED	Director	6/6/2007	6/6/2007	15/02/2008	Active	YES
5	U45202MH2008PTC178737	TRIVENI RESIDENCY PRIVATE LIMITED	Director	11/2/2008	11/2/2008	-	Active	NO
6	U51109MH2008PTC188861	TRIVENI MULTITRADE PRIVATE LIMITED	Director	12/12/2008	12/12/2008	-	Active	NO
7	U45202MH2010PTC207024	RAJ GRUH NIRMAN PRIVATE LIMITED	Director	25/08/2010	25/08/2010	-	Active	NO
8	U51109MH2008PTC187954	PRISM MULTITRADE PRIVATE LIMITED	Director	30/12/2010	30/12/2010	-	Active	NO
9	U51909MH2008PTC188006	UNICOM MULTITRADE PRIVATE LIMITED	Director	30/12/2010	30/12/2010	-	Active	NO

Name :

Mr. Govind Dhanji Ravaria

Designation :

Director

Address :

B 6, Rameshwar CHS, S V Patel Nagar, 4- Bunglow, Andheri (West), Mumbai-400053, Maharashtra, India

Date of Birth/Age :

17.01.1981

Date of Appointment :

13.05.2004

DIN :

00436583

Name :

Mr. Narshi Ranchhod Chambaria

Designation :

Director

Address :

Plot No. 33, RSC 17, Disha CHS, Andheri Varsova Road, 33 B-225, Andheri (West), Mumbai-400058, Maharashtra, India

Date of Birth/Age :

06.08.1971

Date of Appointment :

13.05.2004

DIN :

00436916

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Narshi Ranchhod Chambaria	80000
Bhimshi Harilal Dubariya	50000
Maghiben Narshi Chambaria	50000
Lilavanti Chambaria	60000
Nathalal Chambaria	120000
Govind Dhanji Ravaria	40000
Total	400000

Equity Share Breakup (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Dealer of Computer Peripherals.
Agencies Held :	HP Samsung
Terms :
Selling :	Cash and Credit (30 / 60 / 90 days)
Purchasing :	Cash and Credit (30 / 60 / 90 days)

GENERAL INFORMATION

Customers :

· Wholesalers

· End Users

· OEM’s

No. of Employees :

10 (Approximately)

Bankers :

· The Cosmos Co-operative Bank Limited, Fort Branch, 229/231, Perin Nariman Street, Bazar Gate, Fort, Mumbai-400 001, Maharashtra, India

· Bank of Baroda, Altamount Road Branch, Crystal Altamount Road, Kemps Corner, Mumbai-400 026, Maharashtra, India

· Kotak Mahindra Bank Limited

· HDFC Bank Limited

· New India Co-Operative Bank Limited

Facilities :

Secured Loans :	As on 31.03.2011 Rs. in Millions	As on 31.03.2010 Rs. in Millions
Working Capital Loans from Banks	82.100	31.494
Vehicle Loans	2.306	0.000
Total	84.406	31.494

Working Capital Loam from Banks:

a) Cash Credit Loan:

Rs.82.100 millions (P Y Rs.31.494 millions) Secured by hypothecation of stock and Book Debts collaterally secured by mortgage of property owned by directors and their relatives; pledge of FDR belonging to company and directors; and personal guarantee of directors and their relatives.

b) Vehicle Loans :

Rs.2.306 millions – secured by specific assets financed [vehicles]

Unsecured Loans :	As on 31.03.2011 Rs. in Millions	As on 31.03.2010 Rs. in Millions
Loans from Directors and their relatives	13.217	3.156
Total	13.217	3.156

Banking Relations :	--
Auditors :
Name 2 :	Singrodia Goel and Company Chartered Accountants
Address :	A-201, Rajeshri Accord, Telly Cross Lane, off S.N. Road, Andheri [East], Mumbai – 400069, Maharashtra, India
PAN :	AAAFS7106D

CAPITAL STRUCTURE

As on 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
400,000	Equity Shares	Rs.10/- each	Rs.4.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
400,000	Equity Shares	Rs.10/- each	Rs.4.000 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		4.000	4.000	4.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		10.369	7.136	3.953
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		14.369	11.136	7.953
LOAN FUNDS
1] Secured Loans		84.406	31.494	25.042
2] Unsecured Loans		13.217	3.156	2.315
TOTAL BORROWING		97.623	34.650	27.357
DEFERRED TAX LIABILITIES		0.043	0.039	0.034
TOTAL		112.035	45.825	35.344
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3.287	0.665	0.747
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		7.873	0.106	0.105
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	70.756	45.884	33.525
	Sundry Debtors	69.146	51.077	51.377
	Cash & Bank Balances	8.975	1.878	2.344
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	18.066	6.994	4.155
Total Current Assets		166.943	105.833	91.401
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	63.885	58.123	54.956
	Other Current Liabilities	1.638	2.103	0.637
	Provisions	0.545	0.553	1.316
Total Current Liabilities		66.068	60.779	56.909
Net Current Assets		100.875	45.054	34.492
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		112.035	45.825	35.344

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	555.109	418.773	438.431
		Other Income	0.255	0.283	0.163
		Share of profit / [loss] from partnership firm	[0.006]	0.000	0.000
		TOTAL (A)	555.358	419.056	438.594
Less	EXPENSES
		Cost of goods sold	521.504	390.685	417.418
		Personnel Expenses	7.155	5.565	0.000
		Administrative and other Expenses	12.035	14.211	12.406
		Prior Period Items	0.084	0.000	0.000
		Preliminary Expenses	0.000	0.000	0.020
		TOTAL (B)	540.778	410.461	429.844
	PROFIT/[LOSS] BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		14.580	8.595	8.750
Less	FINANCIAL EXPENSES (D)		9.157	3.868	4.455
	PROFIT/[LOSS] BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		5.423	4.727	4.295
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.547	0.203	0.212
	PROFIT / [LOSS] BEFORE TAX (E-F) (G)		4.876	4.524	4.083
Less	TAX (H)		1.643	1.340	1.661
	PROFIT / [LOSS] AFTER TAX (G-H) (I)		3.233	3.184	2.422
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		7.136	3.952	1.530
	BALANCE CARRIED TO THE B/S		10.369	7.136	3.952
	Earnings Per Share (Rs.)		8.08	7.96	6.06

Expected Sales (2011-2012) : Rs.580.000 millions

The above information has been parted by Mr. Ritesh [Account Manager]

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.58	0.76	0.55
Net Profit Margin (PBT/Sales)	(%)	0.88	1.08	0.93
Return on Total Assets (PBT/Total Assets}	(%)	2.86	4.25	4.43
Return on Investment (ROI) (PBT/Networth)		0.34	0.41	0.51
Debt Equity Ratio (Total Liability/Networth)		11.39	8.57	10.60
Current Ratio (Current Asset/Current Liability)		2.53	1.74	1.61

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAILS :

(Rs. In Millions )

Particulars	31.03.2011	31.03.2010	31.03.2009
Sundry Creditors
Due to Micro, Small and Medium enterprises	0.000	0.000	0.000
Due to others	63.885	58.123	54.956
Total	63.885	58.123	54.956

CHANGE OF ADDRESS :

The situation of the registered office of the company was changed from 52, Bomanji Lane, Wipata House, Fort, Mumbai-400 001, Maharashtra, India to the present address w.e.f. 01.04.2009.

FINANCIAL HIGHLIGHTS:

On the standalone basis the Company has earned the revenue of Rs. 555.359 millions in FY 2010-11 as compared to the revenue of Rs. 419.056 millions in FY 2009-10. However the profit after tax of the Company is Rs. 3.233 millions in FY 2010-11 as compared to profit after tax of Rs. 3.184 millions in FY 2009-10 recording a growth of 1.54%.

Contingent Liabilities : [As on 31.03.2011]

Contingent Liability not provided for :

Estimated amount of contracts remaining to be executed on capital account Rs.3.343 millions [net of advances] [P.Y. Rs.5.354 millions]

FORM 8

Corporate identity number of the company	U52392MH2004PTC146290
Name of the company	BON MOYAR COMPUTERS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Deluxe House, 182, Modi Street, Fort, Mumbai – 400001, Maharashtra, India
This form is for	Creation of charge
Type of charge	Movable Property
Particular of charge holder	The Cosmos Co-operative Bank Limited, Fort Branch, 229/231, Perin Nariman Street, Bazar Gate, Fort, Mumbai-400 001, Maharashtra, India Email : svg1959@yahoo.com
Nature of description of the instrument creating or modifying the charge	Letter of Hypothecation of Vehicle/s.
Date of instrument Creating the charge	28.10.2010
Amount secured by the charge	Rs.0.500 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest @9.50% p.a. (For 1^st year) @10% p.a. (For 2^nd year) @11% p.a. (For last 3 years) Terms of Repayment On Demand 60 Months, Rs.10500/- (For 1st year) Rs.10600/- (For 2nd year) Rs.10871/- (For last 3 years) Margin 15% Extent and Operation of the charge The charge will operate to the extent of Rs0.500 Millions on the Security offered by the company.
Short particulars of the property charged	The Borrower Company doth hereby hypothecate the purchased vehicle (Nissan Micra) as Security.

FIXED ASSETS:

• Computer System
• Vehicles
• Plant and Machinery
• Furniture and Fixtures

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.53.57
UK Pound	1	Rs.82.97
Euro	1	Rs.69.89

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	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		45

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.