MIRA INFORM REPORT

Report Date :

21.09.2011

IDENTIFICATION DETAILS

Name :	BON MOYAR COMPUTERS PRIVATE LIMITED
Registered Office :	Deluxe House, 182 Modi Street, Fort, Mumbai – 400 001, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	13.05.2004
Com. Reg. No.:	11-146290
Capital Investment / Paid-up Capital :	Rs.4.000 Millions
CIN No.: [Company Identification No.]	U52392MH2004PTC146290
TAN No.: [Tax Deduction & Collection Account No.]	MUMB13667D
PAN No.: [Permanent Account No.]	PANAPPLIED
Legal Form :	Private Limited Liability Company
Line of Business :	Dealer of Computer Peripherals.
No. of Employees :	10 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 44544
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track records. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for 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. Ritesh
Designation :	Account Manager
Contact No. :	91-22-22644556

LOCATIONS

Registered Office :	Deluxe House, 182 Modi Street, Fort, Mumbai – 400 001, Maharashtra, India
Tel. No.:	91-22-22644556
Fax No.:	91-22-22657614
E-Mail :	bonmoyarcomp@vsnl.net boninfo@vsnl.net admin@bonmoyar.com bonmoyar@gmail.com
Website :	http://www.bonmoyar.com
Area :	900 sq ft
Location :	Owned
Head Office :	52, Bomanji Lane, Ground Floor, Wipata House, Fort, Mumbai – 400001, Maharashtra, India
Tel. No. :	91-22-66366068 / 66366084 / 22642930 / 31 / 22644556 / 22700672
Fax No. :	91-22-22700672 / 22657614
Branch Office 1 :	G-2, Crystal Plaza, Andheri - Chakala Link Road, Andheri (East), Mumbai-400 099, Maharashtra, India
Tel. No.:	91-22-66932826 / 66932827 / 66916736
Fax No.:	91-22-66932826
E-Mail :	adminadheri@bonmoyar.com
Location :	Owned
Branch Office 2 :	Plot No. 73, Shop No. 27, Ground Floor, Welfare Chamber, Sector 17, Vashi, Navi Mumbai, Maharashtra, India
Tel. No.:	91-22-65118848 / 65118851
E-Mail :	bonmoyarcomp@hotmail.com

DIRECTORS

AS ON 30.09.2010

Name :	Mr. Bhimshi Harilal Patel
Designation :	Director
Address :	Room No. C-8, Dina Patil Estate, Station Road, Bhandup (East), Mumbai-400078, Maharashtra, India
Date of Birth/Age :	17.03.1957
Date of Appointment :	13.05.2004

Directors Profile:

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	U52392MH2004PTC146290	BON MOYAR COMPUTERS PRIVATE LIMITED	Director	13/05/2004	13/05/2004	-	Active	NO

Name :	Mr. Nathalal Ranchhod Chambaria
Designation :	Director
Address :	Plot No. 33, Rsc 17, Disha CHS, Andheri Varsova Road, 33 B-225, Andheri (West), Mumbai-400058, Maharashtra, India
Date of Birth/Age :	07.08.1972
Date of Appointment :	13.05.2004

Directors Profile:

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	U70100MH1994PTC083212	MANJARI HOME MAKERS PRIVATE LIMITED	Director	10/12/2003	10/12/2003	06/05/2010	Active	YES
2	U52392MH2004PTC146290	BON MOYAR COMPUTERS PRIVATE LIMITED	Director	13/05/2004	13/05/2004	-	Active	NO
3	U45200MH2005PTC154657	MAX REALTIES PRIVATE LIMITED	Director	07/02/2006	07/02/2006	-	Active	YES
4	U74999MH2007PTC171357	BHOOMI HABITAT PRIVATE LIMITED	Director	06/06/2007	06/06/2007	15/02/2008	Active	YES
5	U45202MH2008PTC178737	TRIVENI RESIDENCY PRIVATE LIMITED	Director	11/02/2008	11/02/2008	-	Active	NO
6	U51109MH2008PTC188861	TRIVENI MULTITRADE PRIVATE LIMITED	Director	12/12/2008	12/12/2008	-	Active	NO
7	U45202MH2010PTC207024	Raj Gruh Nirman Private Limited	Director	25/08/2010	25/08/2010	-	Active	NO
8	U51109MH2008PTC187954	PRISM MULTITRADE PRIVATE LIMITED	Director	30/12/2010	30/12/2010	-	Active	NO
9	U51909MH2008PTC188006	UNICOM MULTITRADE PRIVATE LIMITED	Director	30/12/2010	30/12/2010	-	Active	NO

Name :	Mr. Govind Dhanji Ravaria
Designation :	Director
Address :	B 6, Rameshwar CHS, S V Patel Nagar, 4- Bunglow, Andheri (West), Mumbai-400053, Maharashtra, India
Date of Birth/Age :	17.01.1981
Date of Appointment :	13.05.2004

Directors Profile:

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	U52392MH2004PTC146290	BON MOYAR COMPUTERS PRIVATE LIMITED	Director	13/05/2004	13/05/2004	-	Active	NO

Name :	Mr. Narshi Ranchhod Chambaria
Designation :	Director
Address :	Plot No. 33, Rsc 17, Disha CHS, Andheri Varsova Road, 33 B-225, Andheri (West), Mumbai-400058, Maharashtra, India
Date of Birth/Age :	06.08.1971
Date of Appointment :	13.05.2004

Directors Profile:

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	U52392MH2004PTC146290	BON MOYAR COMPUTERS PRIVATE LIMITED	Director	13/05/2004	13/05/2004	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2010

Names of Shareholders	No. of Shares
Narshi Ranchhod Chambaria	80000
Bhimshi Harilal Dubariya	50000
Maghiben Narshi Chambaria	50000
Lilavanti Chambaria	60000
Nathalal Chambaria	120000
Govind Dhanji Ravaria	40000
Total	400000

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 :	Dealer of Computer Peripherals.
Agencies Held :	HP Samsung
Terms :
Selling :	Cash and Credit (30 / 60 / 90 days)
Purchasing :	Cash and Credit (30 / 60 / 90 days)

GENERAL INFORMATION

Customers :

· Wholesalers

· End Users

· OEM’s

No. of Employees :

10 (Approximately)

Bankers :

· The Cosmos Co-operative Bank Limited, Fort Branch, 229/231, Perin Nariman Street, Bazar Gate, Fort, Mumbai-400 001, Maharashtra, India

· Bank of Baroda, Altamount Road Branch, Crystal Altamount Road, Kemps Corner, Mumbai-400 026, Maharashtra, India

· Kotak Mahindra Bank Limited

· HDFC Bank Limited

· New India Co-Operative Bank Limited

Facilities :

SECURED LOANS :	AS ON 31.03.2010 RS. IN MILLIONS	AS ON 31.03.2009 RS. IN MILLIONS
The Cosmos Co-operative Bank Limited	31.494	25.042
Total	31.494	25.042

(Secured by hypothecation of Stock and Book Debts: collateral secured by mortgage of property owned by Directors and their relatives, pledge of FDR belonging to company and directors; and personal guarantee of directors and their relatives)

UNSECURED LOANS :	AS ON 31.03.2010 RS. IN MILLIONS	AS ON 31.03.2009 RS. IN MILLIONS
Loans from Directors and their relatives	3.156	2.315
Total	3.156	2.315

Banking Relations :	--
Auditors :
Name :	Singrodia Goel and Company Chartered Accountant
Address :	A-201, Rajshree Accord, Telly Cross Lane, Off. S. N. Road, Andheri (East), Mumbai - 400069, Maharashtra, India
Tel No.:	91-22-42256363
Fax No.:	91-22-42256364
Email:	www.sgco.co.in

CAPITAL STRUCTURE

AS ON 30.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
400000	Equity Shares	Rs.10/- each	Rs.4.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
400000	Equity Shares	Rs.10/- each	Rs.4.000 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		4.000	4.000	4.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		7.136	3.953	1.530
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		11.136	7.953	5.530
LOAN FUNDS
1] Secured Loans		31.494	25.042	27.374
2] Unsecured Loans		3.156	2.315	4.783
TOTAL BORROWING		34.650	27.357	32.157
DEFERRED TAX LIABILITIES		0.039	0.034	0.026
TOTAL		45.825	35.344	37.713
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.665	0.748	0.672
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.105	0.105	1.344
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	45.884	33.525	33.805
	Sundry Debtors	51.077	51.377	34.595
	Cash & Bank Balances	1.878	2.344	4.058
	Other Current Assets	0.000	0.000	3.913
	Loans & Advances	6.994	4.154	0.406
Total Current Assets		105.833	91.400	76.777
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	58.122	54.956	40.517
	Other Current Liabilities	2.103	0.637	0.000
	Provisions	0.553	1.316	0.583
Total Current Liabilities		60.778	56.909	41.100
Net Current Assets		45.055	34.491	35.677
MISCELLANEOUS EXPENSES		0.000	0.000	0.020
TOTAL		45.825	35.344	37.713

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009
	SALES
		Income	418.773	438.430
		Other Income	0.283	0.163
		TOTAL (A)	419.056	438.593
Less	EXPENSES
		Cost of Goods Sold	390.685	417.418
		Administrative and Other Expenses	19.776	12.406
		Preliminary Expenses	0.000	0.020
		TOTAL (B)	410.461	429.844
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		8.595	8.749
Less	FINANCIAL EXPENSES (D)		3.868	4.455
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		4.727	4.294
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.203	0.211
	PROFIT BEFORE TAX (E-F) (G)		4.524	4.083
Less	TAX (I)		1.341	1.661
	PROFIT AFTER TAX (G-I) (J)		3.183	2.422
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		3.953	1.530
	BALANCE CARRIED TO THE B/S		7.136	3.953
	Earnings Per Share (Rs.)		7.96	6.06

Particulars	31.03.2011	31.03.2010
Sales Turnover (Approximately)	550.000	420.000

Expected Sales (2011-2012) : Rs.580.000 millions

The above information has been parted by Mr. Ritesh

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	0.76	0.55	--
Return on Total Assets (PBT/Total Assets}	(%)	2.99	4.50	--
Return on Investment (ROI) (PBT/Networth)		0.41	0.51	--
Debt Equity Ratio (Total Liability/Networth)		8.57	10.60	13.25
Current Ratio (Current Asset/Current Liability)		1.74	1.58	1.87

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAILS :

(Rs. In Millions )

Particulars	31.03.2010	31.03.2009	31.03.2008
Sundry Creditors
Due to Micro, Small and Medium Enterprises	0.000	0.000	0.000
Due to Others	58.122	54.956	40.517

CHANGE OF ADDRESS :

The situation of the registered office of the company was changed from 52, Bomanji Lane, Wipata House, Fort, Mumbai-400 001, Maharashtra to the present address w.e.f. 01.04.2009.

FORM 8

Corporate identity number of the company	U52392MH2004PTC146290
Name of the company	BON MOYAR COMPUTERS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Deluxe House, 182, Modi Street, Fort, Mumbai – 400001, Maharashtra, India
This form is for	Creation of charge
Type of charge	Movable Property
Particular of charge holder	THE COSMOS CO-OPERATIVE BANK LIMITED
Nature of instrument creating charge	Letter of Hypothecation of Vehicle/s.
Date of instrument Creating the charge	28/10/2010
Amount secured by the charge	Rs.0.500 Million
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest @9.50% p.a. (For 1st year) @10% p.a. (For 2nd year) @11% p.a. (For last 3 years) Terms of Repayment On Demand 60 Months, Rs.10500/- (For 1st year) Rs.10600/- (For 2nd year) Rs.10871/- (For last 3 years) Margin 15% Extent and Operation of the charge The Charge will operate to the extent of Rs.0.0500 Million on the Security offered by the Company.
Short particulars of the property charged	The Borrower Company doth hereby hypothecate the purchased vehicle (Nissan Micra) as Security.

This form is for	Creation of charge
Corporate identity number of the company	U52392MH2004PTC146290
Name of the company	BON MOYAR COMPUTERS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Deluxe House, 182, Modi Street, Fort, Mumbai – 400001, Maharashtra, India
Type of charge	Movable Property
Particular of charge holder	The Cosmos Co-operative Bank Limited, Fort Branch, Fort, Mumbai-400 001, Maharashtra, India E-Mail: njbhatia@rediffmail.com
Nature of description of the instrument creating or modifying the charge	Letter of Hypothecation of Vehicle/s.
Date of instrument Creating the charge	28.10.2010
Amount secured by the charge	Rs.0.500 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest @9.50% p.a. (For 1^st year) @10% p.a. (For 2^nd year) @11% p.a. (For last 3 years) Terms of Repayment On Demand 60 Months, Rs.10500/- (For 1st year) Rs.10600/- (For 2nd year) Rs.10871/- (For last 3 years) Margin 15% Extent and Operation of the charge The charge will operate to the extent of Rs0.500 Millions on the Security offered by the company.
Short particulars of the property charged	The Borrower Company doth hereby hypothecate the purchased vehicle (Nissan Micra) as Security.

FIXED ASSETS:

· Air Condition

· Camera System

· Computer System

· Cycle

· Mobile

· Furniture and Fixtures

· Motor Cycle

· EPABX

· Television

· Water Pump

· Website

· Invertor

· Mobile

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.48.22
UK Pound	1	Rs.75.63
Euro	1	Rs.65.64

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		45

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.