MIRA INFORM REPORT

Report Date :

12.11.2011

IDENTIFICATION DETAILS

Name :	TEKNOBYTE INDIA PRIVATE LIMITED
Registered Office :	Plot No. 10, Sector – 4, Pocket – D, DSIDC Industrial Estate , Bawana, New Delhi -110039
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	17.11.1997
Com. Reg. No.:	55-090697
Capital Investment/ Paid-up Capital:	Rs. 2.476 Millions
CIN No.: [Company Identification No.]	U80903DL1997PTC090697
TAN No.: [Tax Deduction & Collection Account No.]	DELT04746A
PAN No.: [Permanent Account No.]	AABCT3678F
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Pet Perform, Pet Bottles, Pet Plastic Bottles, Plastic Water Bottle and Cosmetic Bottle.
No. of Employees:	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 38000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Profitability of the company appears to be low. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.

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 PARTED BY

Name :	Mr. Jitendra Agarwal
Designation :	Director
Contact No.:	91-9999799800
Date :	03.11.2011

LOCATIONS

Registered Office/ Factory :	Plot No. 10, Sector – 4, Pocket – D, DSIDC Industrial Estate , Bawana, New Delhi -110039, India
Tel. No.:	91-11-31303668
Mobile No.:	91-9999799800 (Mr. Jitendra Agarwal)
Fax No.:	91-11-27761933
E-Mail :	kapoorgarg.cs@gmail.com
Location :	Owned

DIRECTORS

As on 30.09.2010

Name :	Mr. Jitendra Agarwal
Designation :	Director
Address :	A -2, New Town Apartment, Sector – 14, Rohini, New Delhi – 110085, India
Date of Birth/Age :	27.12.1973
Date of Appointment :	17.11.1997
DIN NO:	00040494

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	U74899DL1995PLC064480	Bhan Garhia Credit And Securities Limited	Director	18-01-95	18-01-95	-	Active	NO
2	U17112HR1997PLC033742	Suma Fibres And Allies Limited	Director	13-10-97	13-10-97	15-06-07	Active	NO
3	U80903DL1997PTC090697	Teknobyte India Private Limited	Director	17-11-97	17-11-97	-	Active	NO
4	U45201DL2005PTC141101	Kailash Buildtech Private Limited	Director	23-09-05	23-09-05	28-02-09	Active	NO
5	U70109DL2006PTC151989	NDR Promoters Private Limited	Additional director	15-10-07	15-10-07	15-03-10	Active	YES

Name :	Mr. Kailash Chandra Agarwal
Designation :	Director
Address :	Babul - 213-214, Vikas Nagar, Bhiwani -127021, Haryana, India
Date of Birth/Age :	06.01.1948
Date of Appointment :	16.03.2009
DIN NO:	00040078

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	U27141DL1989PLC035887	Haryana Foils Limited.	Director	16-12-06	13-04-89	15-03-08	Active	NO
2	U45201DL2005PTC141101	Kailash Buildtech Private Limited	Director	23-09-05	23-09-05	-	Active	NO
3	U74899DL1995PLC064480	Bhan Garhia Credit And Securities Limited	Director	28-09-07	20-10-06	-	Active	NO
4	U80903DL1997PTC090697	Teknobyte India Private Limited	Director	22-09-09	16-03-09	-	Active	NO

Name :	Mrs. Sushila Agarwal
Designation :	Director
Address :	A -2, New Town Apartment, Sector – 14, Rohini, New Delhi – 110085, India
Date of Birth/Age :	10.02.1953
Date of Appointment :	16.03.2009
Date of Ceasing:	18.10.2010
DIN NO:	00040427

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	U45201DL2005PTC141101	Kailash Buildtech Private Limited	Director	28-09-07	20-10-06	-	Active	NO
2	U80903DL1997PTC090697	Teknobyte India Private Limited	Director	22-09-09	16-03-09	18-10-10	Active	NO

Name :	Mrs. Meenakshi Aggarwal
Designation :	Director
Address :	A -2, New Town Apartment, Sector – 14, Rohini, New Delhi – 110085, India
Date of Birth/Age :	21.11.1973
Date of Appointment :	02.08.2001
Date of Ceasing:	18.10.2010
DIN NO:	00041799

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	U80903DL1997PTC090697	Teknobyte India Private Limited	Director	02-08-01	02-08-01	18-10-10	Active	NO
2	U74899DL1995PLC064480	Bhan Garhia Credit And Securities Limited	Director	30-04-03	30-04-03	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Jitendra Agarwal	72520
Pawan Kumar Aggarwal	500
Meenakshi Aggarwal	53110
Shantilal Baid	6000
Jai Prakash Aggarwal	600
Kailash Chandra Agarwal	79000
Sushila Agarwal	34900
Sunil Kumar Aggarwal	1000
Total	247630

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2010

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Pet Perform, Pet Bottles, Pet Plastic Bottles, Plastic Water Bottle and Cosmetic Bottle.
Products :	Pet Perform Pet Bottle Plastic Bottles Plastic Performs Pet Bottle and Perform Plastic CSD Closures Plastic Closures Soft-Drink Bottle Plastic Pet Bottles Transparent Pet Bottles Colored Plastic Perform Pet Containers Pet Jars And Pharmaceutical Pet Bottles Drinking Bottle
Exports :
Products :	Pet Bottle and Drinking Bottle
Countries :	Africa and Arab
Terms :
Selling :	L/C and Credit
Purchasing :	Cash

GENERAL INFORMATION

Customers :

Manufacturer

No. of Employees :

100 (Approximately)

Bankers :

• Bank of Baroda, Shalimar Bagh, Delhi- 110088, India
• HDFC Bank
• ICICI Bank
• Kotak Mahindra Bank

Facilities :

Secured Loans	31.03.2011 Rs. in Millions	31.03.2010 Rs. in Millions
HDFC Car Loan	0.953	0.956
ICICI Bank	1.184	1.446
GE Money	14.111	0.000
Kotak Mahindra Loan	0.000	15.063
Total	16.248	17.465
Unsecured Loans	31.03.2011 Rs. in Millions	31.03.2010 Rs. in Millions
Jitendra Aggarwal	0.350	0.350
Meenakshi Aggarwal	0.000	0.200
Total	0.350	0.550

Banking Relations :	--
Auditors :
Name :	Mr. Sushil Kumar Mittal Chartered Accountant
Address :	205, Mohan Tower, Wazirpur Community Centre, Ring Road, Delhi – 110052, India
Tel. No.:	91-11-27374685/ 86
Fax No.:	91-11-27374685
E-Mail :	mittalsushilca@rediffmail.com

CAPITAL STRUCTURE

As on 31.03.2011

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
247630	Equity Shares	Rs. 10/- Each	Rs. 2.476 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		2.476	2.476	2.476
2] Share Application Money		0.660	0.000	0.000
3] Reserves & Surplus		6.475	6.339	6.196
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		9.611	8.815	8.672
LOAN FUNDS
1] Secured Loans		16.248	17.465	0.916
2] Unsecured Loans		0.350	0.550	0.200
TOTAL BORROWING		16.598	18.015	1.116
DEFERRED TAX LIABILITIES		0.097	0.097	0.098
TOTAL		26.306	26.927	9.886
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		17.849	16.342	14.069
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	2.500
DEFERREX TAX ASSETS		0.201	0.115	0.036
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3.894	6.223	3.803
	Sundry Debtors	6.059	11.024	1.158
	Cash & Bank Balances	0.248	0.938	0.396
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	1.739	4.991	1.204
Total Current Assets		11.940	23.176	6.561
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1.839	12.413	1.479
	Other Current Liabilities	1.353	0.231	11.710
	Provisions	0.492	0.062	0.091
Total Current Liabilities		3.684	12.706	13.280
Net Current Assets		8.256	10.470	(6.719)
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		26.306	26.927	9.886

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income from operation	56.329	134.357	16.386
		Other Income	3.900	0.087	0.136
		Profit on sale of fixed assets	0.047	0.130
		TOTAL (A)	60.276	134.574	16.522
Less	EXPENSES
		Material Purchased	47.939	127.186	9.986
		Manufacturing, Administration And Selling Expenses	3.256	3.340	0.703
		Personnel Expenses	1.086	1.060	0.690
		Increase/(Decrease) in Finished Goods	2.329	(2.420)	3.243
		TOTAL (B)	54.610	129.166	14.622
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		5.666	5.408	1.900
Less	FINANCIAL EXPENSES (D)		2.593	2.968	0.936
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		3.073	2.440	0.964
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.933	2.333	0.784
	PROFIT BEFORE TAX (E-F) (G)		0.140	0.107	0.180
Less	TAX (H)		0.019	0.037	0.147
	PROFIT AFTER TAX (G-H) (I)		0.159	0.144	0.033
Less	Prior Period Item		0.025	0.000	0.000
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.420	0.276	0.243
	BALANCE CARRIED TO THE B/S		0.554	0.420	0.276
	Earnings Per Share (Rs.)		0.06	0.05	0.13

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.26	0.10	0.20
Net Profit Margin (PBT/Sales)	(%)	0.24	0.07	1.10
Return on Total Assets (PBT/Total Assets}	(%)	0.46	0.27	0.87
Return on Investment (ROI) (PBT/Networth)		0.01	0.01	0.02
Debt Equity Ratio (Total Liability/Networth)		2.11	3.48	1.66
Current Ratio (Current Asset/Current Liability)		3.24	1.82	0.49

LOCAL AGENCY FURTHER INFORMATION

Operation:

During the year the Company has incurred a profit of Rs. 0.159 Million (previous year profit of Rs. 0.144 Million)

Check List:

Check List by info Agents	Available in Report (Yes/ No)
1) Year of Establishment	Yes
2)Locality of the Firm	Yes
3)Constitution 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	No
12)Profitability for last three years	No
13)Reason for variation <> 20%	----------------
14)Estimated for coming financial year	No
15)Capital in the Business	No
16)Details of Sister Concern	-----------------
17)Major Suppliers	No
18)Major Customer	Yes
19)Payment Terms	Yes
20)Export/ Import Details (if Applicable)	Yes
21)Market Information	------------------
22)Litigation that the Firm / Promoter	------------------
23)Banking Details	Yes
24)Banking facility details	Yes
25)Conduct of the Banking	-------------------
26)Buyer visit details	-------------------
27)Financials, if provided	Yes
28)Incorporation details, if applicable	-------------------
29)Last account filed at ROC	-------------------
30)Major Shareholders, if applicable	-------------------

Bankers Charges Report as per Registry

This form is for	Modification of charge
Charge identification number of the modified	10039687
Corporate identity number of the company	U80903DL1997PTC090697
Name of the company	TEKNOBYTE INDIA PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot No. 244, Sector - 3, Pocket – L, DSIDC Industrial Estate, Bawana, New Delhi – 110039, India
Type of charge	Book Debts Movable Property Floating Charge
Particular of charge holder	Bank of Baroda, Shalimar Bagh, Delhi- 110088, India guptabagaria@gmail.com
Nature of description of the instrument creating or modifying the charge	Composite Hypothecation Agreement dated 12.05.2008.
Date of instrument Creating the charge	12/05/2008
Amount secured by the charge	Rs. 11.500 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest: @ 0.50% p.a. below BPLR of the Bank with a minimum of 12.25% p.a. at monthly rests. Terms of Repayment: Payable on demand. Margin: 40% of market value of property being Flat No. 2, Ground Floor, situated at New Town CGHS Limited, known as Antriksh Apartment, Sector-14, Rohini, Delhi in the name of Mr. Jitender Aggarwal. Extent and Operation of the charge: 100% Others: To secure all amounts payable under enhanced Overdraft limit of Rs. 11.500 Millions granted to the Company under Baroda Traders Loan Scheme of the Bank.

Fixed Assets:

• Bawana Plot
• Building
• Car (Honda IVTE)
• Car (Honda)
• Scorpio
• Car (Skoda Superb)
• Scooter Eterno
• Air Conditioners
• Plant and Machinery
• Computer
• Fire Extinguisher
• Generator
• Weight Scale
• Cycle
• Mobile Phone

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	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		29

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.