1. Summary Information

		Country	India
Company Name	SAVEX COMPUTERS LIMITED	Principal Name 1	Mr. Anil Ishwarlal Jagasia
Status	Satisfactory	Principal Name 2	Mrs. Anuradha Anil Jagasia
		Registration #	11-46237
Street Address	124-B, Maker Chambers III, Nariman Point, Mumbai-400021, Maharashtra
Established Date	16.02.1988	SIC Code	--
Telephone#	91-22-22881616	Business Style 1	Distributor
Fax #	91-22-22041656	Business Style 2	--
Homepage	http://www.savex.org	Product Name 1	Information Technology Products
# of employees	200 [Approximately]	Product Name 2	--
Paid up capital	Rs.40,000,000/-	Product Name 3	--
Shareholders	Directors and relatives of directors 99.96%, Other top fifty (50) Shareholders 0.04%	Banking	HDFC Bank Limited
Public Limited Corp.	No	Business Period	23 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (46)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2010		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	1,689,174,000	Current Liabilities	302,515,000
Inventories	1,044,674,000	Long-term Liabilities	1,649,297,000
Fixed Assets	30,189,000	Other Liabilities	167,779,000
Deferred Assets	000	Total Liabilities	2,119,591,000
Invest& other Assets	303,000	Retained Earnings	604,749,000
		Net Worth	644,749,000
Total Assets	2,764,340,000	Total Liab. & Equity	2,764,340,000
Total Assets (Previous Year)	1,561,405,000
P/L Statement as of	31.03.2010		(Unit: Indian Rs.)
Sales	11,165,806,000	Net Profit	195,371,000
Sales(Previous yr)	8,070,405,000	Net Profit(Prev.yr)	106,357,000

MIRA INFORM REPORT

Report Date :

09.11.2011

IDENTIFICATION DETAILS

Name :	SAVEX COMPUTERS LIMITED [w.e.f. 01.07.1994]
Formerly Known As :	SAVEX COMPUTERS PRIVATE LIMITED
Registered Office :	124-B, Maker Chambers III, Nariman Point, Mumbai-400021, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	16.02.1988
Com. Reg. No.:	11-46237
Capital Investment / Paid-up Capital :	Rs. 40.000 Millions
CIN No.: [Company Identification No.]	U31909MH1988PLC046237
TAN No.: [Tax Deduction & Collection Account No.]	MUMS37240A
PAN No.: [Permanent Account No.]	AAACS5547
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Distributor of Information Technology Products.
No. of Employees :	200 [Approximately]

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Maximum Credit Limit :	USD 1800000
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 – 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

INFORMATION DECLINED BY

Name :	Mr. Azmera
Designation :	Accounts Department
Date :	08.11.2011

LOCATIONS

Registered Office / Head Office :	124-B, Maker Chambers III, Nariman Point, Mumbai-400021, Maharashtra, India
Tel. No.:	91-22-22881616 / 1717 / 22799999
Fax No.:	91-22-22041656
E-Mail :	savex@bom3.vsnl.net.in ho@savexcomputers.com savex@vsnl.com
Website :	http://www.savex.org
Warehouse	B-4, Mitul Industrial Estate, Village Valiv, Vasai Road, I. E. District, Thane-401208, Maharashtra, India
Branch Office :	Located At: · Mumbai · Vasai · Ahmedabad · Baroda · Bangalore · Kolkata · Chennai · Coimbatore · Chandigarh · Cochin · Ludhiana · New Delhi · Noida · Jaipur · Lucknow · Pune · Hyderabad · Surat · Nashik · Nagpur · Indore · Raipur · Vijaywada · Dehradun · Gurgaon · Trivandrum · Goa · Ranchi · Patna · Madurai · Vishakhapatnam · Parwanoo · Mangalore · Bhubaneshwar · Calicut · Guwahati · Kanpur · Varanasi · Jammu
Overseas Office :	3, Shenton Way, # 12-09 Shenton House, Singapore – 068805

DIRECTORS

AS ON 20.09.2010

Name :

Mr. Anil Ishwarlal Jagasia

Designation :

Chairman Cum Managing Director

Address :

16, Soona Mahal, 143, Marine Drive, Mumbai – 400020, Maharashtra, India

Date of Birth/Age :

24.08.1960

Qualification :

B.E.

Date of Appointment :

16.02.1988

Din No.:

00031579

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	U31909MH1988PLC046237	SAVEX COMPUTERS LIMITED	Managing director	01-04-11	16-02-88	Active	NO
2	U99999MH1989PTC052939	CLEARPOINT ELECTRONICS PRIVATE LIMITED	Director	08-08-89	08-08-89	Active	NO
3	U72200MH1997PTC108864	SAVEX SOFTTECH PRIVATE LIMITED	Director	18-06-97	18-06-97	Active	NO

Name :

Mrs. Anuradha Anil Jagasia

Designation :

Whole Time Director

Address :

16, Soona Mahal, 143, Marine Drive, Mumbai – 400020, Maharashtra, India

Date of Birth/Age :

15.06.1962

Date of Appointment :

16.02.1988

Din No.:

00031603

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	U31909MH1988PLC046237	SAVEX COMPUTERS LIMITED	Whole-time director	01-04-11	16-02-88	Active	NO

Name :

Mr. Devang Achyut Pandya

Designation :

Whole Time Director

Address :

13, Vora Bhuvan, King Circle, Matunga, Mumbai – 400 019, Maharashtra, India

Date of Birth/Age :

05.06.1964

Date of Appointment :

23.10.2001

Din No.:

00576033

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	U31909MH1988PLC046237	SAVEX COMPUTERS LIMITED	Whole-time director	01-10-09	23-10-01	Active	NO

Name :

Mr. Jayant Harkisandas Goradia

Designation :

Whole Time Director

Address :

203, Asha Niketan, Baptista Road, Vile Parle (West), Mumbai – 400056, Maharashtra, India

Date of Birth/Age :

04.09.1960

Date of Appointment :

23.10.2001

Din No.:

00031623

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	U99999MH1989PTC052939	CLEARPOINT ELECTRONICS PRIVATE LIMITED	Director	08-08-89	08-08-89	Active	NO
2	U31909MH1988PLC046237	SAVEX COMPUTERS LIMITED	Whole-time director	23-10-01	23-10-01	Active	NO

Name :

Mr. Raunak Anil Jagasia

Designation :

Director

Address :

16/A, Soona Mahal, 143, Marine Drive, Mumbai – 400020, Maharashtra, India

KEY EXECUTIVES

Name :	Mr. Azmera
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 20.09.2010

Names of Shareholders	No. of Shares
Anil Ishwarlal Jagasia	199100
Anil Ishwarlal Jagasia jointly with Anuradha Anil Jagasia	3598200
Anuradha Anil Jagasia	200
Anuradha Anil Jagasia jointly with Anil Ishwarlal Jagasia	600
Deepak L. Dudhane	200
Deepak L. Dudhane jointly with Sreedhara D. Dudhane	600
Raunak Anil Jagasia	50000
Raunak Anil Jagasia jointly with Anuradha Anil Jagasia	150000
Ravindra L. Dudhane	200
Ravindra L. Dudhane jointly with Anita R. Dudhane	600
Savitri I. Jagasia	100
Devang Achyut Pandya	100
Jayant Harkisandas Goradia	100
Total	4000000

AS ON 20.09.2010

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	99.96
Other top fifty shareholders	0.04
Total	100.00

BUSINESS DETAILS

Line of Business :

Distributor of Information Technology Products.

Products :

Products Description	Item Code No.
Computers Parts and Associates	8471

· Computers

· Peripherals

· Electronic goods

· Components

· Materials

· Sub-assemblies

· Instruments

· Devices

· Systems

GENERAL INFORMATION

Suppliers :

· Aditya Infotech Private Limited

· Allion Computer Inc.

· Lanbit India Private Limited

· Redington India Private Limited

· Samsung Electronics Company Limited (Display), (Indonesia), (Korea)

· View Sonic International Corporation, (Malaysia)

· Savex Enterprises

Customers :

· 3 Com India Private Limited

· Add-on Infotech Private Limited

· BIIT Computers

· Delstar Systems and Services

· Eureka Forbes Limited

· Gemini Infotech Private Limited

· International Roofs Electronics Systems Private Limited

· Kunbar Peripherals Private Limited

· Lanbit Peripherals Private Limited

· Mini Comp Limited

· Novo Computers Private Limited

· Pacific Infotech Private Limited

· PCS Industries Limited

· S. D. Computers Limited

· Sujata Electronics Limited

· Zenith Computers Limited

No. of Employees :

200 [Approximately]

Bankers :

· Citi Bank NA, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra,

· Union Bank of India, Nariman Point, Mumbai, Maharashtra, India

· Union Bank of India, Tardeo Branch, 251-B, Sethna House, Mumbai-400007, Maharashtra, India

· Standard Chartered Bank 90, M G Road, Fort, Mumbai-400001, Maharashtra, India

· The Hong Kong and Shanghai Banking Corporation Limited, 52/60, M G Road, Fort, Mumbai-400001, Maharashtra, India

· ING Vysya Bank Limited, Mittal Towers, A-Wing Ground Floor 210, Nariman Point, Mumbai-400021, Maharashtra, India

· Citi Bank N.A. Citi Tower, Dr. S S Rao Road, Parel, Mumbai-400012, Maharashtra, India

· Barclays Bank Plc 601/603, Ceejay House, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India

· Centurion Bank, Mumbai, Maharashtra, India

· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India

· HDFC Bank, Chennai, Coimbatore, Tamilnadu, India

· Bank of Baroda

· Syndicate Bank

· State Bank of Hyderabad

· IDBI Bank

Facilities :

Secured Loans	As on 31.03.2010 [Rs. in millions]	As on 31.03.2009 [Rs. in millions]
Loans and Advances
From Banks Secured against stocks, book debts, immovable properties and Personal guarantee of directors	1529.297	572.961
Total	1529.297	572.961
Unsecured Loan
Short Term Loans and Advances
Directors	120.000	110.000
Total	120.000	110.000

Banking Relations :	--
Auditors :
Name :	N. K. Karla and Associates Chartered Accountant
Address :	Shiv Kripa, Sai Chamber, 1^st Floor, Opposite Gulmarg Co-operative Housing Society, R. C. Marg, Chembur Naka, Mumbai - 400071, Maharashtra, India
Tel. No.:	91-22-25293005/7
Fax No.:	91-22-25293649
E-Mail :	karla.narender@mtnl.net.in nkkalras@gmail.com

CAPITAL STRUCTURE

AS ON 31.03.2010 

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs.10/- each	Rs.100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4000000	Equity Shares	Rs.10/- each	Rs.40.000 Millions

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		40.000	40.000	40.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		604.749	412.185	308.636
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		644.749	452.185	348.636
LOAN FUNDS
1] Secured Loans		1529.297	572.961	671.828
2] Unsecured Loans		120.000	110.000	83.000
TOTAL BORROWING		1649.297	682.961	754.828
DEFERRED TAX LIABILITIES		0.591	1.021	0.855
TOTAL		2294.637	1136.167	1104.319
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		30.189	24.788	25.558
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.093	0.089	0.096
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1044.674	521.656	402.836
	Sundry Debtors	1421.996	794.794	693.248
	Cash & Bank Balances	7.108	10.133	9.377
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	260.070	209.665	156.823
Total Current Assets		2733.848	1536.248	1262.284
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	271.388	273.062	91.858
	Current Liabilities	31.127	17.314	14.585
	Provisions	167.188	134.862	77.176
Total Current Liabilities		469.703	425.238	183.619
Net Current Assets		2264.145	1111.010	1078.665
MISCELLANEOUS EXPENSES		0.210	0.280	0.000
TOTAL		2294.637	1136.167	1104.319

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	11165.806	8070.405	6593.970
		Other Income	6.934	6.244	2.262
		TOTAL (A)	11172.740	8076.649	6596.232
Less	EXPENSES
		Cost of Sales	10492.730	7621.214	6250.249
		Administrative and Establishment Expenses	47.019	39.308	31.985
		Selling and Marketing Expenses	83.503	47.954	29.838
		Staff Cost	121.129	84.962	56.135
		Donation	0.015	0.734	1.501
		Miscellaneous Expenses W/Off	0.070	0.070	0.000
		TOTAL (B)	10744.466	7794.242	6369.708
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		428.274	282.407	226.524
Less	FINANCIAL EXPENSES (D)		120.535	110.180	69.874
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		307.739	172.227	156.650
Less/ Add	DEPRECIATION/ AMORTISATION (F)		6.753	7.994	7.851
	PROFIT BEFORE TAX (E-F) (G)		300.986	164.233	148.799
Less	TAX (H)		105.615	57.876	52.326
	PROFIT AFTER TAX (G-H) (I)		195.371	106.357	96.473
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		330.558	247.009	173.344
Less	APPROPRIATIONS
		Transfer to General Reserve	20.000	20.000	20.000
		Dividend	2.400	2.400	2.400
		Tax on Dividend	0.408	0.408	0.408
	BALANCE CARRIED TO THE B/S		503.121	330.558	247.009
	EARNINGS IN FOREIGN CURRENCY		NA	96.546	58.982
	Earnings Per Share (Rs.)		48.84	26.59	24.12

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	1.74	1.32	1.46
Net Profit Margin (PBT/Sales)	(%)	2.70	2.03	2.26
Return on Total Assets (PBT/Total Assets}	(%)	10.89	10.52	11.55
Return on Investment (ROI) (PBT/Networth)		0.47	0.36	0.43
Debt Equity Ratio (Total Liability/Networth)		3.28	2.45	2.69
Current Ratio (Current Asset/Current Liability)		5.82	3.61	6.87

LOCAL AGENCY FURTHER INFORMATION

OPEATIONS:

Financial Year was one of the best years from a business Prospectus. Their company performance was excellent and the same is reflected in the results. Their company crossed the 10000 Millions mark for the first time in FY 10. Good demand for products. Exploring new business opportunities, starting business with new vendors and better utilization of available resources resulted in an outstanding performance of their company

FORM NO. 8

Name of the company	SAVEX COMPUTERS LIMITED
Presented By	Citi Bank N.A. and Savex Computer Limited
1) Date and description of instrument creating the change	Dated : 29^th July, 2003 No Instrument; but a mortgage created by way of deposit of title deeds in respect of the Company’s immovable properties as security.
2) Amount secured by the charge/amount owing on the securities of charge	Rs.3.466 millions
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	· Unit No. 104 on the First Floor in CFC Building of Mitul Industrial Premises Co-Operative Housing Society Limited, situated at Village Valiv, Taluka – Vasai and District – Thane admeasuring about 295 sq. ft. together with all rights title and interest in respect of the said Unit No. 104 in the Society. · Unit No. 105 on the First Floor in CFC Building of Mitul Industrial Premises Co-Operative Housing Society Limited, situated at Village Valiv, Taluka – Vasai and District – Thane admeasuring about 295 sq. ft. together with all rights title and interest in respect of the said Unit No. 104 in the Society. · Unit No. 106 on the First Floor in CFC Building of Mitul Industrial Premises Co-Operative Housing Society Limited, situated at Village Valiv, Taluka – Vasai and District – Thane admeasuring about 295 sq. ft. together with all rights title and interest in respect of the said Unit No. 104 in the Society.
4) Gist of the terms and conditions and extent and operation of the charge.	The company has created a mortgage by way of deposit of title deeds in respect of the above properties for securing the financial facilities aggregating to Rs.3.466 millions in favor of the Bank to the Borrower to secure repayment of all monies including interest, costs, charges and expenses due or becoming due and payable by the Borrower to the Bank under or in respect of all or some or any of the facilities either in Indian or Foreign currencies granted and / or agreed to be granted to the Borrower by way of overdrafts, cash credits, term loans, pre-shipment and post shipment credits, opening a letters of credit, issuing of guarantees including deferred payment guarantees and indemnities, negotiation and discounting of demand and / or usance bills and cheques Inland as well as foreign and such other facilities as may be agreed upon from time to time between the Bank and the Borrower ad for any other indebtedness and liabilities past, present and future of the Borrower to the Bank.
5) Name and Address and description of the person entitled to the charge.	Citi Bank N.A., Citi Tower, Dr. S S Rao Road, Parel, Mumbai – 400 012, Maharashtra, India

This form is for	Modification of charge
Charge identification number of the modified	10164373
Corporate identity number of the company	U31909MH1988PLC046237
Name of the company	SAVEX COMPUTERS LIMITED
Address of the registered office or of the principal place of business in India of the company	124-B, Maker Chambers III, Nariman Point, Mumbai-400021, Maharashtra, India
Type of charge	Book Debts Immovable Property Others
Particular of charge holder	The Hong Kong and Shanghai Banking Corporation Limited, 52/60, M G Road, Fort, Mumbai-400001, Maharashtra, India
Email	pareshmehta@hsbc.co.in
Nature of description of the instrument creating or modifying the charge	Letter for removal of charge over movable fixed assets.
Date of instrument Creating the charge	07.06.2011
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 agreement and as amended form time to time. No change vide present modification Terms of Repayment As per principal agreement and as amended form time to time. No change vide present modification Margin The company shall maintain such margin as may be specified by the bank from time to time. Extent and Operation of the charge The bank is having pari passu charge on the stock, book debts, other current assets and security offered by the company both present and future. Vide this modification the charge on movable fixed assets is removed.
Short particulars of the property charged	First pari passu charge on all present and future stocks (raw material, stocks in process, stores, semi finished and finished goods, tools) receivable, book debts, claims of the company.
Date of latest modification prior to the present modification	30.01.2011
Particulars of the present modification	Vide the present modification, the existing charge on moveable fixed assets of the company has been removed. There is no change in the amount secured.

FIXED ASSETS:

· Gala at Vasai and Andheri

· Improvement of Leased Property

· Computers

· Electronic Equipment

· Furniture and Fixture

· Vehicles

WEBSITE DETAILS:

PRESS RELEASES:

NEW LOGITECH HD WEBCAM MAKES VIDEO CALLING A SNAP

Bengaluru, May 12 -- Logitech (SIX: LOGN) (NASDAQ: LOGI) today announced the portable Logitech HD Webcam C525 for easy video calling and recording on-the-go - whether you're in the bedroom, at work or the local coffee shop. The webcam's fold-and-go design, coupled with autofocus capabilities and a 360-degree swivel rotation, expand the possibilities of what you can capture in HD video anytime, anywhere.

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Logitech's Country Manager for India and South West Asia, Subrotah Biswas, said, "We understand how important it is to stay connected with friends and family while traveling, and are excited to offer an affordable HD webcam that makes video calling and sharing life's experiences wherever you are as easy as possible. The Logitech HD Webcam C525 is designed to make life on-the-go more enjoyable by combining rich video and portable design to deliver a seamless video calling experience."

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Pricing and Availability: The Logitech HD Webcam C525 will be available for a suggested retail price of INR 2995.

Distributor: The Logitech HD Webcam C525 will be distributed by Savex Computers Limited and Rashi Peripherals Private Limited.

Notes to Editor

About Logitech

Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech's combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).

Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners.

LOGITECH UNVEILS NEXT-GENERATION OF SURROUND SOUND SPEAKERS - THE LOGITECH SURROUND SOUND SPEAKERS Z506

Bengaluru, April 6 -- Offering 5.1 sound for your music, movies and games, today Logitech (SIX: LOGN) (NASDAQ: LOGI) unveiled the next-generation Logitech Surround Sound Speakers Z506. Giving you the flexibility to set up your system the way you want, Logitech's newest speaker set lets you connect nearly any entertainment device, including a PC, PLAYSTATION(R)3 (PS3(TM)), Xbox 360(R), Wii(R), iPod(R) or a DVD player.

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Logitech's country manager for India and South West Asia, Subrotah Biswas, said, "We designed the Logitech Surround Sound Speakers Z506 so you can set them up the way you want to in any room of your home. The Logitech Z506 speakers can support nearly any home-entertainment configuration, letting you quickly connect to a game console using an RCA connection, a PC through its sound card, or a digital music player using the 3.5mm input. Now, getting engrossed in whatever entertainment you love is a snap."

Pricing and Availability: The Logitech Surround Sound Speakers Z506 is expected to be available for a suggested retail price of INR 7,145.

Distributor: Logitech Surround Sound Speakers Z506 will be distributed by Neoteric Infomatique Limited and Savex Computers Limited.

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.49.38
UK Pound	1	Rs.79.20
Euro	1	Rs.67.84

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		46

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.