MIRA INFORM REPORT

Report Date :

17.09.2011

IDENTIFICATION DETAILS

Name :	MEGA TECHNOBIZ CONSULTANTS PRIVATE LIMITED
Registered Office :	S-37, FIEE okhla Industrial Area, New Delhi – 110020, Delhi
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	09.12.1981
Com. Reg. No.:	012794
Capital Investment / Paid-up Capital :	Rs.5.000 Millions
CIN No.: [Company Identification No.]	U74140DL1981PTC012794
TAN No.: [Tax Deduction & Collection Account No.]	DELM08626C
PAN No.: [Permanent Account No.]	AAACM0882H
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Industrial Machinery Controllers
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 25472
Status :	Small Company
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a small company in its field. Its scale of activities are limited. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. 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 (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

LOCATIONS

Registered Office/Factory :	S-37, Fiee okhla Industrial Area, New Delhi – 110020, Delhi
Tel. No.:	91-11 - 26386937
E-Mail :	companysdirector@yahoo.co.in

DIRECTORS

AS ON 29.09.2010

Name :	Mr. Nil Moni Sinha
Designation :	Director
Address :	B-9, Vasant Kunj, New Delhi, Delhi, India
Date of Appointment :	24.01.1992

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	U74140DL1981PTC012794	MEGA TECHNOBIZ CONSULTANTS PRIVATE LIMITED	Director	24/01/1992	24/01/1992	-	Active	NO
2	U74899DL2000PLC104089	BHARAT APEX INDUSTRIES LIMITED	Director	31/08/2009	31/08/2009	-	Active	NO

Name :	Mr. Vikas Rathi
Designation :	Director
Address :	B-9, Basant Bagh, Aligarh Road, Hathras, Maha Mayanagar - 204101, Uttar Pradesh, India
Date of Birth:	30.06.1977
Date of Appointment :	22.12.2003

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	U74899DL1984PTC017881	WISE ELECTRONICS PRIVATE LIMITED	Director	30/09/2003	30/09/2003	-	Active	NO
2	U74140DL1981PTC012794	MEGA TECHNOBIZ CONSULTANTS PRIVATE LIMITED	Director	22/12/2003	22/12/2003	-	Active	NO

Name :	Mr. Shyam Manohar Maheshwari
Designation :	Director
Address :	44, Navjeevan Vihar, New Delhi, Delhi, India
Date of Birth/Age :	01.01.1939
Date of Appointment :	20.06.2006

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	U99999DL1985PLC020970	LIMITORQUE INDIA LIMITED	Whole-time director	01/04/2009	18/05/1985	-	Active	NO
2	L25192WB1965PLC026390	CONTINENTAL PROFILES LTD	Director	28/09/1996	28/09/1996	-	Active	NO
3	U74140DL1981PTC012794	MEGA TECHNOBIZ CONSULTANTS PRIVATE LIMITED	Director	20/06/2006	20/06/2006	-	Active	NO
4	U31300TN1971PTC005988	FALCON WIRES PRIVATE LIMITED	Director	30/09/2009	18/07/2009	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2010

Shareholder's Name	No. of Shares
Maheshwari M S	10
Agarwal P R	100
Dewan Prakash Om	830
Maheshwari Sharad	10
Maheshwari Radha	20050
Dewan Mithlesh	100
Maheshwari Rajesh	18100
Maheshwari Kishore Nawal	2250
Devi Kamni	950
Lal Murari	900
Kumar Vijay	1100
Maheshwari Neelam	500
Lal Hira	1175
Kumar Krishan	550
Maheshwari Kusum	400
Devi Sarla	450
Maheshwari Chand Nanak	22000
Sinha Subhash	6000
Sharma Mohan Brij	900
Sharma Madhu	900
Bhatia Neelam	900
Bhatia L K	900
Chauhan Prakash Om	950
Devi Sham	950
Chauhan Nirmal	950
Guha Pal Pramod	900
Lal Nand	575
Devi Vidhya	700
Yadav Nakesh	950
Yadav Hari	950
Dixit Kishan Shri	950
Dixit Arvind	950
Kumar Surendra	188
Maheshwari Supriya	14212
Choudhary Singh Raghuraj	10000
Maheshwari Chandrakanta	30000
Maheshwari Mayank	5200
Sahani Pratibha	8000
Sinha M N	45000
Maheshwari S R	20000
Innovative Finvest Limited, New Delhi	97500
Maheshwari Sapna	10000
Maheshwari Nidhish	24500
J.K.Builders and Property Developers Limited, New Delhi	97500
Maheshwari Munish	35000
Maheshwari Kanti	10000
M/S Dauji Mechanical Engineering Industries Private Limited, New Delhi	5000
Total	500000

AS ON 29.09.2010

Category	Percentage
Bodies corporate	40.00
Directors or relatives of Directors	38.51
Other top fifty shareholders	21.49
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Industrial Machinery Controllers

PRODUCTION STATUS AS ON 31.03.2010

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Nickel Screens	Sets/In Lacs	NA	2000	0.60
Juicer Screens	PCs	NA	10000	NA
Control Panel	PCs	100	100	NA
Scrubbers	PCs	NA	200000	NA

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	Central Bank of India, 70 Janpath, New Delhi - 110001, Delhi, India
Facilities :	--

Banking Relations :	--
Auditors :
Name :	S.P. Chadha and Co. Chartered Accountant
Address :	A-13/5, Vasant Vihar, New Delhi – 110057, Delhi, India
Associates/Subsidiaries :	NA

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs.5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs.5.000 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		5.000	3.800	3.800
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1.368	0.967	0.840
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		6.368	4.767	4.640
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.024	0.000
TOTAL BORROWING		0.000	0.024	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		6.368	5.791	4.640
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.866	1.862	1.887
Capital work-in-progress		0.00	0.000	0.000
INVESTMENT		1.046	0.869	0.870
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.093	0.033	0.033
	Sundry Debtors	2.666	1.655	2.187
	Cash & Bank Balances	1.361	0.634	0.135
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.624	0.758	0.691
Total Current Assets		4.744	3.080	3.046
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000	0.000	0.000
	Other Current Liabilities	0.500	0.465	0.615
	Provisions	0.788	0.555	0.548
Total Current Liabilities		1.288	1.020	1.163
Net Current Assets		3.456	2.060	1.883
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		6.368	5.791	6.640

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009
	SALES
		TOTAL (A)	NA	NA
Less	EXPENSES
		TOTAL (B)	NA	NA
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.652	0.363
Less	FINANCIAL EXPENSES (D)		0.000	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.652	0.363
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.020	0.097
	PROFIT BEFORE TAX (E-F) (G)		0.632	0.266
Less	TAX (I)		0.159	0.138
	PROFIT AFTER TAX (G-I) (J)		0.473	0.128

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	NA	NA	NA
Net Profit Margin (PBT/Sales)	(%)	NA	NA	NA
Return on Total Assets (PBT/Total Assets}	(%)	9.56	5.38	NA
Return on Investment (ROI) (PBT/Networth)		0.10	0.06	NA
Debt Equity Ratio (Total Liability/Networth)		0.20	0.22	0.25
Current Ratio (Current Asset/Current Liability)		3.68	3.01	2.62

LOCAL AGENCY FURTHER INFORMATION

FORM 8:

Corporate identity number of the company	U74140DL1981PTC012794
Name of the company	MEGA TECHNOBIZ CONSULTANTS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	S-37 Fiee Okhla Industrial, Area Phase II, New Delhi – 110020, Delhi, India
This form is for	Creation of charge Modification of charge
Type of charge	Immovable Property
Particular of charge holder	CENTRAL BANK OF INDIA
Nature of instrument creating charge	1.Letter evidencing deposit of title deeds for creation of equitable mortgage. 2. Form of Guarantee for advances and credit generally
Date of instrument Creating the charge	15.04.2011
Amount secured by the charge	Rs.172.500 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Extent and Operation of the charge The Company's immovable properties as mentioned hereunder are mortgaged to secure various credit facilities aggregating to Rs.172.500 Millions granted by the Bank to M/S Bachmann Industries India Limited. Others M/S Mega Technobiz Consultants Private Limited has executed Corporate Guarantee to secure repayment of various credit facilities aggregating to Rs.172.500 Millions granted by the Bank to M/S Bachmann Industries India Limited
Short particulars of the property charged	Equitable mortgage by deposit of title deeds in respect of Company's immovable properties situated at Plot S-37,FIEE,Okhla Industrial Area, Phase-II, New Delhi.
Date of instrument modifying the charge	28/07/2006
Particulars of the present modification	The aggregate amount of various credit facilities granted by the Bank to M/S BACHMANN INDUSTRIES INDIA LIMITED has now been enhanced from Rs.145.000 Millions to Rs.172.500 Millions. Therefore, total amount of charge secured against equitable mortgage of immovable properties as per details mentioned in column No.15 above and corporate guarantee has now been enhanced from Rs.145.000 Millions to Rs.172.500 Millions.

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Furniture and Fixture

· Office Equipment

· Company

· Electric Fitting

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 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.47.46
UK Pound	1	Rs.74.95
Euro	1	Rs.65.79

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
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	2
--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		28

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.