MIRA INFORM REPORT

Report Date :

15.09.2011

IDENTIFICATION DETAILS

Name :	BRILLTECH ENGINEERS PRIVATE LIMITED
Registered Office :	A-94, Lohia Nagar, Ghaziabad -201001, Uttar Pradesh.
Country :	India
Financials (as on) :	31.03.2009
Date of Incorporation :	28.08.2008
Com. Reg. No.:	20-035916
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U74210UP2008PTC035916
Legal Form :	Private Limited Liability Company.
Line of Business :	Contractor for installation of Electrical Panels.
No. of Employees :	90 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 2000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a company having moderate track. The management of the company has not filed its latest financials with the government departments. However, trade relations are reported as fair. Business is active. Payments are unknown. 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 – April 1, 2010

Country Name	Previous Rating (31.12.2009)	Current Rating (01.04.2010)
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. Nitin Pratap Singh
Designation :	Director
Contact No.:	91-9818292266
Date :	09.09.2011

LOCATIONS

Registered Office :	A-94, Lohia Nagar, Ghaziabad -201001, Uttar Pradesh.
Tel. No.:	91-120-4227251
Mobile No.:	91-9818292266 (Mr. Nitin Pratap Singh)
Fax No.:	91-120-4335001
E-Mail :	nitin@brilltech.co.in amitdeepakshashi@rediffmail.com
Website :	www.brilltech.co.in
Area :	2500 sq. fts.
Location :	Owned
Sales Office :	D-113, Sector – 10, Noida – 201301, Uttar Pradesh, India
Tel. No.:	91-120-4227251/ 4572252/ 4348791
Fax No.:	91-120-4572002
Warehouse :	W-54, Sector 11, Noida-201301, Uttar Pradesh, India.
Tel. No.:	91-120-2546477
Fax No.:	91-120-4335001

DIRECTORS

(AS ON 30.09.2009)

Name :

Mr. Nitin Pratap Singh

Designation :

Managing Director

Address :

D-15, Aruna Park Ex, Shakarpur, Near Bagga Jewellers, New Delhi – 110092, India

Date of Birth/Age :

06.01.1978

Date of Appointment :

28.08.2008

DIN No.:

01692308

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	U51909DL2007PTC167171	Brilltech India Exports Private Limited	Director	20-08-07	20-08-07	Active	YES
2	U74210UP2008PTC035916	BRILLTECH ENGINEERS PRIVATE LIMITED	Managing director	28-08-08	28-08-08	Active	YES
3	U31401DL2009PTC190468	JMV POWERQUICK PRIVATE LIMITED	Director	20-05-09	20-05-09	Active	NO

Name :

Mrs. Alpana Singh

Designation :

Director

Address :

A-94, Lohia Nagar, Ghaziabad – 201001, Uttar Pradesh, India

Date of Birth/Age :

17.06.1982

Date of Appointment :

28.08.2008

DIN No.:

02280411

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	U51909DL2007PTC167171	Brilltech India Exports Private Limited	Director	18-08-08	18-08-08	27-07-10	Active	YES
2	U74210UP2008PTC035916	BRILLTECH ENGINEERS PRIVATE LIMITED	Director	28-08-08	28-08-08	-	Active	YES

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 31.03.2009)

Names of Shareholders	No. of Shares
Nitin Pratap	5000
Alpana Singh	5000
Total	10000

(AS ON 30.09.2009)

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Contractor for installation of Electrical Panels.
Products :	· Sub Stations:- Unitized Substations, Sub – Stations up to 132 KV, Switchgears up to 220 KV, etc. · Transformers:- Distribution Transformers, Dry Type Transformers, Power Transformers, Cast Resin Transformers, Reactors, etc. · MV Switchgears:- 11 KV Switchgears, 33 KV Switchgears, HT Bus Duct up to 132 KV, etc. · Cables:- HT-XLPE Power Cables, LT-XLPE Power/Control Cables, LT-PVC Power/Control Cables, Mining Cables, Submersible Cables, FRLS Wires, PVC Flexible Wires, House Wires, Telephone Cables, LT-XLPE/PVC FRLS Power and Control Cables, Airfield Lighting Cables, Instrumentation Cables and Thermocouple Cables, etc. · LV Switchgears:- Power Control Centre (Options :- Fixed, Drawout), Power Cum Motor Control centre (Options :- Fixed, Drawout), Motor Control Centre (Options :- Fixed, Drawout), PLC Control Panels, AMF Panels, VFD / Soft Starter Panels, Automatic Power Factor Correction Panels, Control and Relay Panels (upto 220 KV Switchyard), Feeder Pillars, Starters Panels, LT Bus Ducts, Rising Mains, Bus Trunkings, etc. · DG Sets:-  DG Set Range from 15KVA to 3000KVA in Voltage Class ranging from 415V to 11KV along with all associated Accessories Such as Exhaust Piping, Cooling Water System, Earthing, Cabling, Acoustics Works, Synchronizing and Distribution of Power. · LT Panels · Allied Products:- Isolators, Structures, Capacitors, Switchgears, Transformers, SCADA Systems, Circuit Breakers, Lighting Arrestors, Current Transformers, Potent Ional Transformers, Energy Audit and Management System, etc.
Exports :
Products :	· Sub Stations:- Unitized Substations, Sub – Stations up to 132 KV, Switchgears up to 220 KV, etc. · Transformers:- Distribution Transformers, Dry Type Transformers, Power Transformers, Cast Resin Transformers, Reactors, etc. · MV Switchgears:- 11 KV Switchgears, 33 KV Switchgears, HT Bus Duct up to 132 KV, etc. · Cables:- HT-XLPE Power Cables, LT-XLPE Power/Control Cables, LT-PVC Power/Control Cables, Mining Cables, Submersible Cables, FRLS Wires, PVC Flexible Wires, House Wires, Telephone Cables, LT-XLPE/PVC FRLS Power and Control Cables, Airfield Lighting Cables, Instrumentation Cables and Thermocouple Cables, etc. · LV Switchgears:- Power Control Centre (Options :- Fixed, Drawout), Power Cum Motor Control centre (Options :- Fixed, Drawout), Motor Control Centre (Options :- Fixed, Drawout), PLC Control Panels, AMF Panels, VFD / Soft Starter Panels, Automatic Power Factor Correction Panels, Control and Relay Panels (upto 220 KV Switchyard), Feeder Pillars, Starters Panels, LT Bus Ducts, Rising Mains, Bus Trunkings, etc. · DG Sets:-  DG Set Range from 15KVA to 3000KVA in Voltage Class ranging from 415V to 11KV along with all associated Accessories Such as Exhaust Piping, Cooling Water System, Earthing, Cabling, Acoustics Works, Synchronizing and Distribution of Power. · LT Panels · Allied Products:- Isolators, Structures, Capacitors, Switchgears, Transformers, SCADA Systems, Circuit Breakers, Lighting Arrestors, Current Transformers, Potent Ional Transformers, Energy Audit and Management System, etc.
Countries :	All Over the World
Terms :
Selling :	Cash, Credit (30 Days)
Purchasing :	Cash, Credit (30 Days)

GENERAL INFORMATION

Customers :	End Users
No. of Employees :	90 (Approximately)
Bankers :	· Bank of India Noida, Uttar Pradesh, India · Bank of Maharashtra Noida, Uttar Pradesh, India

Banking Relations :	--
Auditors :
Name :	Deepak Shashi and Company Chartered Accountant
Address :	25, 1^st Floor, Yamnotri Complex, Ambedkar Road, Ghaziabad – 201001, Uttar Pradesh, India
Associates/Subsidiaries :	· Brilltech India Export Private Limited A-53, 2^nd Floor, Gurunanak Pura, Laxmi Nagar, Delhi, India CIN No.: U51909DL2007PTC167171

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
50,000	Equity shares	Rs.10/- each	Rs.0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10,000	Equity shares	Rs.10/- each	Rs.0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		0.100
2] Share Application Money		0.000
3] Reserves & Surplus		0.305
4] (Accumulated Losses)		0.000
NETWORTH		0.405
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		0.405
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.301
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.271
	Cash & Bank Balances	1.306
	Other Current Assets	0.000
	Loans & Advances	0.245
Total Current Assets		1.822
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.000
	Other Current Liabilities	1.591
	Provisions	0.147
Total Current Liabilities		1.738
Net Current Assets		0.084
MISCELLANEOUS EXPENSES		0.020
TOTAL		0.405

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2009
	SALES
		Income	18.045
		Other Income	0.054
		TOTAL (A)	18.099
Less	EXPENSES
		Purchase	14.636
		Job work paid	0.765
		Administrative Expenses	1.969
		Selling and distribution expenses	0.235
		Advertising Expenses	0.000
		TOTAL (B)	17.605
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.494
Less	FINANCIAL EXPENSES (D)		0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.494
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.042
	PROFIT BEFORE TAX (E-F) (G)		0.452
Less	TAX (H)		0.147
	PROFIT AFTER TAX (G-H) (I)		0.305
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		--
	BALANCE CARRIED TO THE B/S		0.305
	Earnings Per Share (Rs.)		30.5

Particulars	31.03.2011
Sales Turnover (Approximately)	76.000

The above information has been parted by Mr. Nitin Pratap Singh.

KEY RATIOS

PARTICULARS		31.03.2009
PAT / Total Income	(%)	1.69
Net Profit Margin (PBT/Sales)	(%)	2.50
Return on Total Assets (PBT/Total Assets}	(%)	21.29
Return on Investment (ROI) (PBT/Networth)		1.12
Debt Equity Ratio (Total Liability/Networth)		4.29
Current Ratio (Current Asset/Current Liability)		1.05

LOCAL AGENCY FURTHER INFORMATION

OPERATIONS:

The company has registered total turnover of 18.045 Millions in the year ended on 31^st March, 2009.

The company has earned a Net profit of Rs.0.452 millions after Tax in the year ended on 31^st march, 2009.

Form 8 :

Corporate identity number of the company	U74210UP2008PTC035916
Name of the company	BRILLTECH ENGINEERS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	A-94, Lohia Nagar, Gaziabad, Uttar Pradesh – 201001, India.
e-mail ID of the company	amitdeepakshashi@rediffmail.com
This form is for	Creation of charge
Type of charge	Others : Vehicles
Particular of charge holder	Bank of Maharashtra Sector - 62, Noida - 201301, Uttar Pradesh, India. susheelgupta@hotmail.com
Nature of description of the instrument creating or modifying the charge	Hypothecation of vehicles.
Date of instrument Creating the charge	27.03.2010
Amount secured by the charge	0.400 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest : Interest shall be charged @ 9.50% p.a Terms of Repayment : Loan is repayable in 36 monthly installments of Rs.13,250/- Margin : 26% Extent and Operation of the charge: 100% first charge to secure vehicle loan of Rs.0.400 Million.
Short particulars of the property charged	Maruti Dzire to be purchased out of loan proceeds.

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	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	2
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		26

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.