1. Summary Information

		Country	India
Company Name	4G Identity Solutions Private Limited	Principal Name 1	Mr. Rama Kishan Maddineni
Status	Moderate	Principal Name 2	Ms. Lakshmi Tripirneni
		Registration #	01-54636
Street Address	Plot No. 241, Road No. 72, Prashasan Nagar, Jubilee Hills, Hyderabad – 500 034, Andhra Pradesh, India
Established Date	27.06.2007	SIC Code	--
Telephone#	91-40-23558789/ 32913939	Business Style 1	Service Provider
Fax #	91-40-23558769	Business Style 2	--
Homepage	http://www.4ginformatics.com http://www.4gid.com	Product Name 1	Identity Management Solution Services
# of employees	35 (Approximately)	Product Name 2	--
Paid up capital	Rs.203,550,000	Product Name 3	--
Shareholders	Directors or relatives of directors- 100.00%	Banking	State Bank of India
Public Limited Corp.	No	Business Period	4 years
IPO	No	International Ins.	--
Public Enterprise	No	Rating	B (31)
Related Company
Relation	Country	Company Name	CEO
Associates/Subsidiaries :	4G Informatics Private Limited
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2010		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	155,521,000	Current Liabilities	146,954,000
Inventories	0.000	Long-term Liabilities	0.000
Fixed Assets	7,777,000	Other Liabilities	1,297,000
Deferred Assets	0.000	Total Liabilities	148,251,000
Invest& other Assets	200,023,000	Retained Earnings	11,520,000
		Net Worth	215,070,000
Total Assets	363,321,000	Total Liab. & Equity	363,321,000
Total Assets (Previous Year)	4,741,000
P/L Statement as of	31.03.2010		(Unit: Indian Rs.)
Sales	316,803,000	Net Profit	10,766,000
Sales(Previous yr)	13,420,000	Net Profit(Prev.yr)	132,000

MIRA INFORM REPORT

Report Date :

24.11.2011

IDENTIFICATION DETAILS

Name :	4G IDENTITY SOLUTIONS PRIVATE LIMITED
Registered Office :	Plot No. 241, Road No. 72, Prashasan Nagar, Jubilee Hills, Hyderabad – 500 034, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	27.06.2007
Com. Reg. No.:	01-054636
Capital Investment / Paid-up Capital :	Rs.203.550 millions
CIN No.: [Company Identification No.]	U72200AP2007PTC054636
TAN No.: [Tax Deduction & Collection Account No.]	HYDG05705A
PAN No.: [Permanent Account No.]	AAACZ2930M
Legal Form :	Private Limited Liability Company
Line of Business :	Providing an Identity Management Solution Services.
No. of Employees :	35 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (31)

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

Maximum Credit Limit :	USD 860280
Status :	Moderate
Payment Behaviour :	Slow But Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The company has improved its performance in the year 2009-10. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small 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 – April 1, 2010

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 (GENERAL INFORMATION)

Name :	Mr. Narayan Rao
Designation :	Finance Manager

LOCATIONS

Registered Office :	Plot No. 241, Road No. 72, Prashasan Nagar, Jubilee Hills, Hyderabad – 500 034, Andhra Pradesh, India
Tel. No.:	91-40-23558789 / 32913939/ 23558799
Mobile No.:	91-9573215289 (Mr. Narayan)
Fax No.:	91-40-23558769
E-Mail :	admin@4gid.com
Website :	http://www.4ginformatics.com http://www.4gid.com
Corporate Office :	Plot No.: 330 and 331, Road No. 79, Jubilee Hills, Hyderabad – 500 034, Andhra Pradesh, India
Tel. No.:	91-40-23558789 / 32913939
Fax No.:	91-40-23558769
Delhi Office :	4039, sector C-4, Vasant Kunj, New Delhi – 110070, India
Tel. No.:	91-11-32972939
Fax No.:	91-11-45671559

DIRECTORS

(AS ON 30.09.2010)

Name :	Mr. Rama Kishan Maddineni
Designation :	Director
Address :	59-7-6, Patamata Vijayawada – 520 008, Andhra Pradesh, India
Date of Birth/Age :	27.12.1964
Date of Appointment :	18.10.2008

Directorship in Other Companies :

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	U72200AP2007PTC054636	4G IDENTITY SOLUTIONS PRIVATE LIMITED	Director	18/10/2008	18/10/2008	-	Active	NO

Name :	Ms. Lakshmi Tripirneni
Designation :	Director
Address :	59-7-6, Acharya Ranga Street, Ramachandra Nagar, Patamata, Vijayawada – 520 008, Andhra Pradesh, India
Date of Birth/Age :	06.07.1970
Date of Appointment :	28.08.2008

Directorship in Other Companies :

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	U72200AP2007PTC054636	4G IDENTITY SOLUTIONS PRIVATE LIMITED	Director	28/08/2007	28/08/2007	-	Active	NO

Name :	Mr. Sreenivasa Rao Tripuraneni
Designation :	Director
Address :	304, Dhanunjaya Towers, Road No. 1, Banjara Hills, Hyderabad – 500 0034, Andhra Pradesh, India
Date of Birth/Age :	15.08.1972
Date of Appointment :	07.07.2009

Directorship in Other Companies :

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	U80903AP2000PTC035270	4G INFORMATICS PRIVATE LIMITED	Director	14/09/2000	14/09/2000	-	Active	NO
2	U72200AP2007PTC054636	4G IDENTITY SOLUTIONS PRIVATE LIMITED	Director	07/09/2009	27/06/2007	-	Active	NO

Name :	Mr. Narreddy Rajasekhara Reddy
Designation :	Additional Director
Address :	J-16, Panchavti Layout, Manikondas Rangareddy District, Hyderabad-500089, Andhra Pradesh, India
Date of Birth/Age :	03.06.1967
Date of Appointment :	20.08.2009

Directorship in Other Companies :

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	U72200AP2005PTC046418	QUANTUM ASIA PRIVATE LIMITED	Managing director	02/06/2005	02/06/2005	-	Active	NO
2	U85190AP2008PTC057750	QUANTUM PROSIT PRIVATE LIMITED	Director	03/10/2008	03/10/2008	-	Active	NO
3	U45200AP2007PTC056762	DELTA PRE ENGINEERED BUILDINGS PRIVATE LIMITED	Director	15/01/2009	15/01/2009	-	Active	NO
4	U72200AP2007PTC054636	4G IDENTITY SOLUTIONS PRIVATE LIMITED	Additional director	20/08/2009	20/08/2009	30/09/2010	Active	NO
5	U70100AP2008PTC058958	QUANTUM STRUCTURES PRIVATE LIMITED	Director	24/06/2010	24/06/2010	-	Active	NO
6	U74900AP2010PTC069990	METALS MINERALS AND CHEMICALS INDIA PRIVATE LIMITED	Director	13/08/2010	13/08/2010	-	Active	NO

Name :	Mr. Sudheer Nanduri
Designation :	Director
Address :	10-4-771/1/A/1 2^nd Floor, R V R Villa, Masab Tank, Hyderabad-500028, Andhra Pradesh, India
Date of Birth/Age :	25.08.1978
Date of Appointment :	30.109.2010

Directorship in Other Companies :

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	U72200AP2007PTC054636	4G IDENTITY SOLUTIONS PRIVATE LIMITED	Director	30/09/2010	30/09/2010	-	Active	NO

Name :	Mr. Srinivasa Rao Boddeti
Designation :	Director
Address :	Flat No 71 Tulip Tower, L & T Serene County, Telecom Colony Gachi Bowli, Hyderabad-500032, Andhra Pradesh, India
Date of Birth/Age :	23.03.1966
Date of Appointment :	30.209.2010

Directorship in Other Companies :

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	U72200AP2007PTC054636	4G IDENTITY SOLUTIONS PRIVATE LIMITED	Director	30/09/2010	30/09/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Narayan Rao
Designation :	Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2010)

Names of Shareholders	No. of Shares
Sreenivasa Rao Tripuraneni	17240250
Lakshmi Tripirneni	3051000
Manikumari Tripuraneni	25500
Narreddy Rajasekhara Reddy	38250
Total	20355000

Equity share breakup (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 :	Providing an Identity Management Solution Services.
Terms :
Selling :	L/C, Cash and Credit
Purchasing :	L/C, Cash and Credit

GENERAL INFORMATION

No. of Employees :	35 (Approximately)
Bankers :	· State Bank of India, Industrial Finance Branch, Rajbhavan Road, Somajiguda, Hyderabad-500082, Andhra Pradesh, India

Banking Relations :	--
Auditors :
Name :	CRK and Associates Chartered Accountant
Address :	Plot No. 3A, Navodaya Colony, Road No. 14, Banjara Hills, Hyderabad-500034, Andhra Pradesh, India
Tel. No.:	91-40-23552305
Fax No.:	91-40-23552304
E mail:	crkandassociates@gmail.com
Website:	http://www.crkandassociates.com
Associates/Subsidiaries :	4G Informatics Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
21000000	Equity Shares	Rs.10/- each	Rs.210.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
20355000	Equity Shares	Rs.10/- each	Rs.203.550 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		203.550	0.100	0.100
2] Share Application Money		0.000	2.450	2.450
3] Reserves & Surplus		11.520	0.754	0.131
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		215.070	3.304	2.681
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		1.297	0.381	0.308
TOTAL		216.367	3.685	2.989
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		7.777	2.376	2.498
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		200.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	126.329	0.000	0.000
	Cash & Bank Balances	16.374	1.321	0.011
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	12.818	1.016	0.551
Total Current Assets		155.521	2.337	0.562
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	31.935	0.000	0.000
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	115.019	1.056	0.105
Total Current Liabilities		146.954	1.056	0.105
Net Current Assets		8.567	1.281	0.457
MISCELLANEOUS EXPENSES		0.023	0.028	0.034
TOTAL		216.367	3.685	2.989

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	316.803	13.420	4.655
		Other Income	0.021	0.031
		TOTAL	316.824	13.451	4.655
Less	EXPENSES
		Purchases	101.319	1.057	0.462
		Payment and Benefits to Employees	25.208	4.705	2.555
		Administrative and Selling Expenses	78.484	6.342	0.952
		Project Expenses	94.350	0.000	0.000
		Preliminary Expenses written off	0.006	0.006	0.006
		TOTAL	299.367	12.110	3.975
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		17.457	1.341	0.680
Less/ Add	DEPRECIATION/ AMORTISATION		1.389	0.309	0.136
	PROFIT BEFORE TAX		16.068	1.032	0.544
Less	TAX		5.302	0.410	0.413
	PROFIT AFTER TAX		10.766	0.622	0.131
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.754	0.132	NA
	BALANCE CARRIED TO THE B/S		11.520	0.754	NA
	Earnings Per Share (Rs.)		--	--	13.10

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	3.39	4.62	2.81
Net Profit Margin (PBT/Sales)	(%)	5.07	7.69	NA
Return on Total Assets (PBT/Total Assets}	(%)	9.84	21.90	17.78
Return on Investment (ROI) (PBT/Networth)		0.07	0.31	0.20
Debt Equity Ratio (Total Liability/Networth)		0.68	0.32	0.04
Current Ratio (Current Asset/Current Liability)		1.06	2.21	5.35

LOCAL AGENCY FURTHER INFORMATION

REVIEW OF OPERATIONS FOR THE CURRENT YEAR

This is the Third year of operations of the company. They have achieved a turnover of Rs.316.824 Millions with a profit of Rs.16.068 Millions before taxes compare to last year turnover of Rs.13.451 Millions with a profit of Rs.1.031 Million respectively.

FIXED ASSETS

· Furniture

· Office Equipment

· Air Conditioners

· Computers

· Vehicles

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.52.10
UK Pound	1	Rs.81.30
Euro	1	Rs.70.07

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	4
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		31

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.