MIRA INFORM REPORT

Report Date :

14.09.2011

IDENTIFICATION DETAILS

Name :	ANIL INFOTECH PRIVATE LIMITED

Registered Office :	29 Silver Chambers, Tagore Road, Rajkot-360001 Gujarat

Country :	India

Financials (as on) :	31.03.2010

Date of Incorporation :	31.03.1997

Com. Reg. No.:	04-32010

Capital Investment / Paid-up Capital :	Rs.0.600 Millions

CIN No.: [Company Identification No.]	U72200GJ1997PTC032010

TAN No.: [Tax Deduction & Collection Account No.]	RKTA01661C

PAN No.: [Permanent Account No.]	AAFCA0771L

Legal Form :	Private Limited Liability Company

Line of Business :	Distributors of Computer Peripherals, Hardware Parts

No. of Employees :	18 (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 8484

Status :	Moderate

Payment Behaviour :	Slow but Correct

Litigation :	Clear

Comments :	Subject is an established company having moderate track. Profitability of the company appears to low. However 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.

INFORMATION PARTED BY

Name :	Mr. Bimal Desai
Designation :	Director
Contact No.:	91-9925002888
Date :	13.09.2011

LOCATIONS

Registered Office :	29 Silver Chambers, Tagore Road, Rajkot-360001 Gujarat, India
Tel. No.:	91-281-2460759 / 3291980 / 2464701-02
Mobile No.:	91-9825609050 (Mr. Sameer Desai) / 9925002888 (Mr. Bimal Desai)
Fax No.:	91-281-2698222 / 2460759 / 2464701-02
E-Mail :	aiplin@anilinfotechindia.com rk_doshi@hotmail.com bimal@anilinfotechindia.com
Website :	http://www.anilinfotechindia.com
Area :	600 Sq. Ft.
Location :	Owned

DIRECTORS

As on 09.09.2010

Name :	Mr. Bimal Anilbhai Desai
Designation :	Director
Address :	Sterling Apartment, Block No. 41, Kalawad Road, Rajkot-360001, Gujarat, India
Date of Birth/Age :	06.08.1969
Qualification:	B.Com
Date of Appointment :	31.03.2007
DIN No.:	00391435

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	U72200GJ1997PTC032010	ANIL INFOTECH PRIVATE LIMITED	Director	31-03-07	31-03-07	-	Active	NO

Name :	Mr. Anil Dhirajlal Desai
Designation :	Director
Address :	Sterling Apartment, Block No. 41, Kalawad Road, Rajkot-360001, Gujarat, India
Date of Birth/Age :	12.03.1940
Qualification:	B.Com
Date of Appointment :	31.03.2007
DIN No.:	00391457

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	U72200GJ1997PTC032010	ANIL INFOTECH PRIVATE LIMITED	Director	31-03-07	31-03-07	-	Active	NO

Name :	Mr. Samir Anilkumar Desai
Designation :	Director
Address :	Sterling Apartment, Block No. 41, Kalawad Road, Rajkot-360001, Gujarat, India
Date of Birth/Age :	31.08.1971
Qualification:	B.Com
Date of Appointment :	31.03.2007
DIN No.:	00391389

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	U72200GJ1997PTC032010	ANIL INFOTECH PRIVATE LIMITED	Director	31-03-07	31-03-07	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 09.09.2010

Names of Shareholders		No. of Shares
Sameer A. Desai		20000
Anil D. Desai		20000
Bimal A. Desai		20000

Total		60000

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 :	Distributors of Computer Peripherals, Hardware Parts

Brand Names :	HP Compaq

Agencies Held :	Dell Compaq

Terms :
Selling :	L/C, Cash and Credit

Purchasing :	L/C, Cash and Credit

GENERAL INFORMATION

Suppliers :

Redington
Ingram Micro

Customers :

HP
SCI
Microsoft

No. of Employees :

18 (Approximately)

Bankers :

Citizen Co-operative Bank Limited, Jawahar Road, Near Mahatma Gandhi Vidhyalay, Rajkot-360001, Gujarat, India

HDFC Bank, Venkatesh Plaza

ICICI Bank Limited, Shardabag Branch

The Co-operative Bank of Rajkot Limited, Sahkar Sarita, Panchnath Main Road, Rajkot-360001, Gujarat, India

CC- Rs.50.000 Millions

Kotak Mahindra Bank

Facilities :

Secured Loan		As on 31.03.2009 (Rs. in Millions)
Term Loan form Kotak Mahindra Bank (Secured against personal guarantee of Directors)	0.093	0.292
Term Loan From HDFC Bank (Secured against Hypothecation of Car)	0.112	0.257
Term Loan From ICICI Bank (secured against Hypothecation of Scooter)	0.000	0.016
Citizen Co-operative Bank Limited CC 955 (Secured by Hypothecation of stock and personal guarantee of directors)	4.210	0.191
Citizen Co-operative Bank Limited CC 1080 (secured by Hypothecation of Debtors and Personal guarantee of directors)	1.306	0.684
Total	5.721	1.440
Unsecured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
From Directors	6.033	3.332
Total	6.033	3.332


Banking Relations :	--

Auditors :
Name :	Anil Parekh and Company Chartered Accountants
Address :	Krushna Kunj, 8/12 Jairaj Plot, Rajkot-360001, Gujarat, India
Mobile No.:	91-9825129090
E-Mail :	anilkparekh@rediffmail.com
PAN.:	ALPPP0705R

CAPITAL STRUCTURE

As on 09.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount

100000	Equity Shares	Rs.10/- Each	Rs.1.000 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

60000	Equity Shares	Rs.10/- Each	Rs.0.600 million

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		0.600	0.600	0.600
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1.521	1.259	1.293
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2.121	1.859	1.893
LOAN FUNDS
1] Secured Loans		5.721	1.440	6.920
2] Unsecured Loans		6.033	3.332	2.277
TOTAL BORROWING		11.754	4.772	9.197
DEFERRED TAX LIABILITIES		0.063	0.036	0.029

TOTAL		13.938	6.667	11.119

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		2.336	2.370	1.470
Capital work-in-progress		0.000	0.000	0.000

INVESTMENT		0.198	0.172	0.110
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	25.094	11.204	6.978
	Sundry Debtors	30.830	21.846	27.528
	Cash & Bank Balances	3.313	1.565	6.424
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	1.509	1.218	1.216
Total Current Assets		60.746	35.833	42.146
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	41.580	24.827	25.520
	Other Current Liabilities	7.326	6.610	6.675
	Provisions	0.436	0.271	0.412
Total Current Liabilities		49.342	31.708	32.607
Net Current Assets		11.404	4.125	9.539

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		13.938	6.667	11.119

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Turnover	295.685	234.316	263.443
		Other Income	NA	25.500	21.861
		TOTAL (A)	NA	259.816	285.304

Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		Interest
		TOTAL (B)	336.622	259.208	284.633

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.930	0.608	0.665

Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.245	0.206	0.160

	PROFIT BEFORE TAX (E-F) (G)		0.685	0.402	0.505

Less	TAX (I)		0.353	0.061	0.006

	PROFIT AFTER TAX (G-I) (J)		0.332	0.341	0.499

	Earnings Per Share (Rs.)		6.00	5.68	8.33

Particulars

31.03.2011

31.03.2010

Sales Turnover (Approximately)

400.000

360.000

Expected Sales ( 2011-2012) : Rs.5000 Millions

The above information has been parted by Mr. Bimal Desai

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	--	0.13	0.17

Net Profit Margin (PBT/Sales)	(%)	0.23	0.17	0.19

Return on Total Assets (PBT/Total Assets}	(%)	1.09	1.05	1.16

Return on Investment (ROI) (PBT/Networth)		0.32	0.22	0.27

Debt Equity Ratio (Total Liability/Networth)		28.81	19.62	22.08

Current Ratio (Current Asset/Current Liability)		1.23	1.13	1.29

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAIL

Particulars

As on 31.03.2010

(Rs. In Millions )

As on 31.03.2009

(Rs. In Millions )

As on 31.03.2008

(Rs. In Millions )

Sundry Creditor

41.579

24.827

25.520

OPERATION

The year was remained stable for the company. The turnover of the company for the year is stand at Rs.295.685 millions as compared to Rs.234.316 millions in the previous year. The net profit for the year shows marginal decrease to Rs.0.332 millions as compared to Rs.0.332 millions in the previous year.

TRADE REFERENCES

Ingram Micro
Redington

FORM 8

Corporate identity number of the company	U72200GJ1997PTC032010
Name of the company	ANIL INFOTECH PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	29 Silver Chambers, Tagore Road, Rajkot-360001 Gujarat, India Email Id : aiplin@anilinfotechindia.com
This form is for	Creation of charge
Type of charge	Book debts Movable property Floating charge
Particular of charge holder	The Co-operative Bank of Rajkot Limited, Sahkar Sarita, Panchnath Main Road, Rajkot-360001, Gujarat, India Email Id : rajbank@yahoo.com
Nature of instrument creating charge	Agreement of hypothecation of goods and property for cash credit and overdraft ldoc-5
Date of instrument Creating the charge	22/07/2010
Amount secured by the charge	Rs.45.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest 12.00% p.a Subject to change From time to time. Terms of repayment On Demand Margin On Stocks 25% On Bookdebts/Receivables 25% Extent and operation of the charge Charge will operate as first & exclusive charge in favour of bank till due repayment of Loan, Interest and any other charges due on it.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of stocks, raw material, Finished goods, book debts/receivables, furniture fixtures, plant machinery, tools and all other current assets of the Company and more particularly prescribed in the hypothecation agreement executed with Bank

FIXED ASSETS

· Camera Fittings

· Car

· EPABX

· Furniture and Fittings

· Generator

· Labeling Machine

· Laptop and System

· Mobile Phone

· Printer

· Air Conditioner

· Scooter

· Telephone

· T.V

· Vaccum Cleaner

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.47.81
UK Pound	1	Rs.75.16
Euro	1	Rs.65.11

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	NO
--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.