1. Summary Information

		Country	India
Company Name	LINK TELECOM PRIVATE LIMITED	Principal Name 1	Mr. Subhash Subberwal
Status	Satisfactory	Principal Name 2	Mr. Deepak Gupta
		Registration #	21-094239
Street Address	9, Chakraberia Road, (North) , 1^st Floor, Kolkata-700 020, West Bengal, India
Established Date	15.02.2002	SIC Code	--
Telephone#	91-33-24863426 / 24863428 / 24863427	Business Style 1	Distributor
Fax #	91-33-24863426	Business Style 2	--
Homepage	--	Product Name 1	Samsung Handset Mobiles
# of employees	150 (Approximately)	Product Name 2	Accessories
Paid up capital	Rs. 2,500,000/-	Product Name 3	--
Shareholders	Directors or relative of directors-100%	Banking	ICICI Bank
Public Limited Corp.	NO	Business Period	9 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	Ba (45)
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	347,516,000	Current Liabilities	213,997,000
Inventories	223,993,000	Long-term Liabilities	--
Fixed Assets	1,838,000	Other Liabilities	305,610,000
Deferred Assets	49,000	Total Liabilities	519,607,000
Invest& other Assets	3,000	Retained Earnings	51,292,000
		Net Worth	53,792,000
Total Assets	573,399,000	Total Liab. & Equity	573,399,000
Total Assets (Previous Year)	331,987,000
P/L Statement as of	31.03.2010		(Unit: Indian Rs.)
Sales	4,744,516,000	Net Profit	34,784,000
Sales(Previous yr)	2,683,237,000	Net Profit(Prev.yr)	13,052,000

MIRA INFORM REPORT

Report Date :

12.11.2011

IDENTIFICATION DETAILS

Name :	LINK TELECOM PRIVATE LIMITED
Registered Office :	23A, Dr. Sarat Banerjee Road, Kolkata – 700029, West Bengal
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	15.02.2002
Com. Reg. No.:	21-094239
Capital Investment / Paid-up Capital :	Rs. 2.500 Millions
CIN No.: [Company Identification No.]	U64202WB2002PTC094239
TAN No.: [Tax Deduction & Collection Account No.]	CALL01081D
Legal Form :	Private Limited Liability Company.
Line of Business :	Distributor of Samsung Handset Mobiles and Accessories.
No. of Employees :	150 (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 210000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are fair. Business is active. Payments are reported as 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: 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 PARTED BY

Name :	Mr. Rajesh Khanna
Designation :	Chief Executive Officer
Contact No.:	91-9830962162
Date :	09.11.2011

LOCATIONS

Registered Office :	23A, Dr. Sarat Banerjee Road, Kolkata – 700029, West Bengal, India
Tel. No.:	91-33-24863427
Mobile No.:	91-9830962162 (Mr. Rajesh Khanna)
Fax No.:	91-33-24863426
E-Mail :	deepak@linktelecom.co.in rajesh@linktelecom.co.in
Location :	Owned
Branch Office :	Located at: · Bhunaveshar · Ranchi

DIRECTORS

 AS ON 15.07.2010

Name :

Mr. Subhash Subberwal

Designation :

Chairman

Address :

112A, Block A , 5^th Floor, Tivoli Court, Ballygunge Circular Road, Kolkata-700 019, West Bengal, India

Date of Birth/Age :

12.03.1943

Qualification:

MBA

Date of Appointment :

15.02.2002

Election Commission Identity Card No.:

WB/23/146/147537 

DIN No.:

00822777

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	U74140WB1999PTC089555	RESOURCE MANAGEMENT TECHNOLOGIES PRIVATE LIMITED	Managing director	07-06-99	07-06-99	Active	NO
2	U91990WB2000NPL092732	TIVOLI COURT SERVICES	Director	21-12-00	21-12-00	Active	NO
3	U64202WB2002PTC094239	LINK TELECOM PRIVATE LIMITED	Director	15-02-02	15-02-02	Active	NO

Name :

Mr. Deepak Gupta

Designation :

Whole Time Director

Address :

II / DIO / Aasha, 93 Deshpran Sasmal Road, Kolkata-700 033, West Bengal, India

Date of Birth/Age :

22.09.1958

Qualification:

Post Graduate

Date of Appointment :

15.02.2002

DIN No.:

00823856

Name :

Mr. Akshay Jalan

Designation :

Director

Address :

7E, Rajanigandha 25, Ballygunge Park, Kolkata-700019, West Bengal, India

Date of Birth/Age :

25.09.1981

Date of Appointment :

04.08.2009

DIN No.:

02613137

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	U64202WB2002PTC094239	LINK TELECOM PRIVATE LIMITED	Director	04-08-09	04-08-09	Active	NO
2	U70101WB1997PTC082853	ORION UDYOG PRIVATE LIMITED	Director	05-07-11	06-08-09	Active	NO
3	U70101WB1996PTC080621	ORION DEVELOPMENTS PRIVATE LIMITED	Director	30-09-09	06-08-09	Active	NO
4	U72200WB1976PTC030829	DATA ADAVANCE SYSTEMS PRIVATE LIMITED	Director	09-03-10	09-03-10	Active	NO
5	U51909WB1994PTC065192	HARINGTON TRADERS PRIVATE LIMITED	Director	14-04-10	14-04-10	Active	NO
6	U31300WB1981PTC034305	DATA WARE PRIVATE LIMITED	Director	24-01-11	24-01-11	Active	NO
7	U17299WB1941PTC010594	JALAN BROTHERS PRIVATE LIMITED	Director	24-01-11	24-01-11	Active	NO

Name :

Mr. Amit Jalan

Designation :

Director

Address :

25B, Ballygunge Park Road, 8^th Floor, Kolkata-700019, West Bengal, India

Date of Birth/Age :

10.11.1966

Date of Appointment :

04.08.2009

DIN No.:

01554731

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	U64202WB2000PTC090980	JALAN INFOSYSTEM PRIVATE LIMITED	Director	21-01-00	21-01-00	Active	NO
2	U72900WB2000PTC091206	JALAN TELECOM PRIVATE LIMITED	Director	22-03-00	22-03-00	Active	NO
3	U45202WB1980PTC032660	LLOYDS APARTMENTS PRIVATE LIMITED	Director	04-03-02	04-03-02	Active	NO
4	U51109WB1997PTC083481	PASHUPATI COMMERCE PRIVATE LIMITED	Director	06-10-04	06-10-04	Active	NO
5	U45203WB1987PTC042728	MADGE ESTATES PRIVATE LIMITED	Director	30-09-08	30-09-08	Active	NO
6	U51909WB1981PLC033812	JAYBEE MERCANTILES PVT LTD	Additional director	24-02-09	24-02-09	Active	NO
7	U64202WB2002PTC094239	LINK TELECOM PRIVATE LIMITED	Director	04-08-09	04-08-09	Active	NO

KEY EXECUTIVES

Name :	Mr. Rajesh Khanna
Designation :	Chief Executive Officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 15.07.2010

Names of Shareholders	No. of Shares
Subhash Subberwal	105000
Deepak Gupta	105000
Anita Subberwal	10000
Naina Subberwal	10000
Seema Gupta	10000
Nikhil Gupta	10000
Jalan Brothers Private Limited, India	31250
Pashupati Commerce Private Limited, India	31250

Equity Shares Breakup

AS ON 15.07.2010

Category	Percentage
Bodies Corporate	50.00
Directors or relative of directors	50.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Distributor of Samsung Handset Mobiles and Accessories
Agencies Held :	Samsung
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :	Wholesaler Distributor
No. of Employees :	150 (Approximately)
Bankers :	· Canara Bank, Kundanbagh, Begumpet, Hyderabad - 500016, Andhra Pradesh, India · Citi Bank N.A, Kanak Building, 41 Chowringhee Road, Kolkata-700071, West Bengal, India · State Bank of Patiala, 8, Camac Street, Shantiniketan Building, Kolkata-700017, West Bengal, India
Banking Relations :	-
Auditors :
Name :	Nityananda Saha Chartered Accountants
Address :	560, Dakshindari, Lahabagan, Kolkata-700 048, West Bengal, India
Tel No.:	91-33-65211210
PAN No.:	AIQPS3902F

CAPITAL STRUCTURE

As on 15.07.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity shares	Rs.10/- each	Rs. 2.500 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
250000	Equity shares	Rs.10/- each	Rs. 2.500 millions

As on 26.07.2011

Authorised Capital : Rs. 50.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 32.500 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		2.500	2.500	2.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		51.292	20.437	10.336
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		53.792	22.937	12.836
LOAN FUNDS
1] Secured Loans		225.788	14.273	0.014
2] Unsecured Loans		79.822	55.433	40.873
TOTAL BORROWING		305.610	69.706	40.887
DEFERRED TAX LIABILITIES		0.000	0.000	0.008
TOTAL		359.402	92.643	53.731
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.838	1.961	1.896
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.010
DEFERREX TAX ASSETS		0.049	0.039	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	223.993	103.228	89.818
	Sundry Debtors	146.176	79.170	74.720
	Cash & Bank Balances	144.812	132.764	105.110
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	56.528	14.818	10.281
Total Current Assets		571.509	329.980	279.929
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	199.228	223.534	222.253
	Other Current Liabilities
	Provisions	14.769	15.810	5.861
Total Current Liabilities		213.997	239.344	228.114
Net Current Assets		357.512	90.636	51.815
MISCELLANEOUS EXPENSES		0.003	0.007	0.010
TOTAL		359.402	92.643	53.731

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Net Sales	4744.516	2683.237	1551.235
		Other Income	10.826	0.857	0.558
		TOTAL	4755.342	2684.094	1551.793
Less	EXPENSES
		Cost of Goods Sold			1508.103
		Staff Cost	4678.371	2653.043	4.272
		Other Expenses			30.049
		TOTAL	4678.371	2653.043	1542.424
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		76.971	31.051	9.369
Less	FINANCIAL EXPENSES		22.571	8.736	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		54.400	22.315	9.369
Less/ Add	DEPRECIATION/ AMORTISATION		0.561	0.587	0.454
	PROFIT BEFORE TAX		53.839	21.728	8.915
Less	TAX		19.055	8.676	3.077
Less	Prior Period Adjustments		0.000	0.000	0.024
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		--	--	0.029
	PROFIT AFTER TAX		34.784	13.052	5.843
Less	APPROPRIATIONS
		Transfer to General Reserve	30.800	10.000	4.500
		Final Dividend	2.500	1.750	1.125
		Tax on Dividend	0.552	0.425	0.191
		Dividend on Equity Share-interim	0.750	0.750	0.000
	BALANCE CARRIED TO THE B/S		0.182	0.127	0.027

Particulars	31.03.2011
Sales Turnover (Approximately)	7270.000

The above information has been parted by Mr. Rajesh Khanna .

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	0.73	0.49	0.38
Net Profit Margin (PBT/Sales)	(%)	1.13	0.81	0.57
Return on Total Assets (PBT/Total Assets}	(%)	9.39	6.54	3.16
Return on Investment (ROI) (PBT/Networth)		1.00	0.95	0.69
Debt Equity Ratio (Total Liability/Networth)		9.66	13.47	20.96
Current Ratio (Current Asset/Current Liability)		2.67	1.38	1.23

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1. Year of Establishment	Yes
2. Locality of the firm	Yes
3. Constructions of the firm	Yes
4. Premises details	Yes
5. Type of Business	Yes
6. Line of Business	Yes
7. Promoter’s background	-----
8. No. of Employees	Yes
9. Name of person contacted	Yes
10. Designation of contact person	Yes
11. Turnover of firm for last three years	Yes
12. Profitability for last three years	No
13. Reasons for variation <> 20%	No
14. Estimation for coming financial year	No
15. Capital in the business	Yes
16. Details of sister concerns	No
17. Major suppliers	No
18. Major customers	Yes
19. Payments terms	Yes
20. Export / Import details	No
21. Market information	------
22. Litigations that the firm / promoter involved	------
23. Banking Details	Yes
24. Banking facility details	No
25. Conduct of the banking account	------
26. Buyer visit details	------
27. Financials, if provided	No
28. Incorporation details, if applicable	------
29. Last accounts filed at ROC	------
30. Major Shareholders, if available	------

NOTE:

The Registered Office of the company has been shifted from 9, Chakraberia Road, (North), 1^st Floor, Kolkata-700 020, West Bengal, India to present w.e.f. 06.12.2010

FORM 8

Corporate identity number of the company	U64202WB2002PTC094239
Name of the company	LINK TELECOM PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	23A, Dr. Sarat Banerjee Road, Kolkata – 700029, West Bengal, India
This form is for	Modification of charge
Type of charge	Book Debts Movable Property Floating Charge
Particular of charge holder	Citi Bank N.A, Kanak Building, 41 Chowringhee Road, Kolkata-700071, West Bengal, India
Nature of instrument creating charge	Deed of modification for Goods Security Agreement.
Date of instrument Creating the charge
Amount secured by the charge	Rs.220.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per sanction terms and as may be decided by the bank and company mutually from time to time. Terms of Repayment Repayable on demand, annually renewable. Margin Borrower shall at all times during the continuance of the security maintain a sufficient amount to provide the margin of security as may from time to time advised by the bank. Extent and Operation of the charge First exclusive charge on the current assets (including stocks and book debts) and movable fixed assets (including plant and machinery, office equipment, furniture and fixtures etc.) of the borrower both present and future
Short particulars of the property charged	Current assets (including stocks and book debts) and movable fixed assets (including plant and machinery, office equipment, furniture and fixtures etc.) of the borrower both present and future.
Charge identification number of the charge to be modified	10206710
Date of instrument modifying the charge	14.12.2010
Particulars of the present modification	By this modification, the overall limit is enhanced from Rs. 130.000 Millions to 220.000 Millions and the charge is secured by First exclusive charge on the current assets (including stocks and book debts) and movable fixed assets (including plant and machinery, office equipment, furniture and fixtures etc.) of the borrower both present and future.

TRADE REFERENCES:

· Star Info Tech, (Guwahati)

FIXED ASSETS:

· Computer Systems

· Air Conditioner and Water Cooler

· Fax Machine

· Furniture and Fixture

· Office Equipments

· Maruti Cargo Van

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. 50.27
UK Pound	1	Rs. 80.07
Euro	1	Rs. 68.44

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.