MIRA INFORM REPORT

Report Date :

30.09.2011

IDENTIFICATION DETAILS

Name :	IHT NETWORK LIMITED
Registered Office :	251, H-9, Vardhaman Corporate Plaza, Netaji Subhash Place, Pitampura, Delhi – 110034, Delhi
Country :	India
Financials (as on) :	31.03.2009
Date of Incorporation :	23.11.2006
Com. Reg. No.:	55-155882
Capital Investment / Paid-up Capital :	Rs.0.500 Million
CIN No.: [Company Identification No.]	U80301DL2006PLC155882
TIN No.:	07920325789
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trader and Knowledge provider in the field of Computer hardware, Networking, Security and Software
No. of Employees :	50 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 4870
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The management has not filed the latest financials of company with the government departments. 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 – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
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. Rajesh
Designation :	Manager Accounts
Contact No.:	91-11-24351596
Date :	26.09.2011

LOCATIONS

Registered Office :	251, H-9, Vardhaman Corporate Plaza, Netaji Subhash Place, Pitampura, Delhi – 110034, Delhi, India
Tel. No.:	91-11-27351596 / 97
Fax No.:	Not Available
E-Mail :	contact@ihtindia.com ucc@ihtindia.com
Website :	http://www.ihtindia.com
Location :	Owned
Corporate Office :	255, H-9, Vardhaman Corporate Plaza, Netaji Subhash Place, Pitampura, Delhi – 110034, Delhi, India
Tel. No.:	91-11-2735596 / 97
E-Mail :	contact@ihtindia.com
Branch :	IHT House, 418-A, Nr. Ring Road Fly over Bus Stop, Azadpur Delhi-110033, Delhi, India
Tel. No.:	91-11-64667201 / 27427727 / 37
Location :	Owned
Branch :	403, Reliable Pried Tower, Oshiwara, Andheri (West), Mumbai, Maharashtra, India
Tel. No.:	91-22-26364795 / 42643376
Location :	Owned
Regional Office :	128/600, K Block, Kidwai Nagar Near. PNB, Kanpur, Uttar Pradesh, India
Tel. No.:	91-512-2600279
Fax No.:	91-9598022022

DIRECTORS

As on 30.09.2009

Name :	Mr. Umesh Chand Chaudhary
Designation :	Director
Address :	8-B, DDA MIG Flats, Rampura, Delhi – 110035, Delhi, India
Date of Birth/Age :	01.08.1969
Date of Appointment :	23.11.2006
DIN No.:	00304429

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	U80903DL2003PTC121686	FINESSE ADVERTISING PRIVATE LIMITED	Director	17-08-03	17-08-03	-	Active	YES
2	U80301DL2006PLC155882	IHT Network Limited	Director	23-11-06	23-11-06	-	Active	YES
3	U80301TN2007PTC065274	BMD SKILLMAKERS PRIVATE LIMITED	Director	11-01-08	11-01-08	-	Strike off	NO
4	U72900UP2008PTC034923	MEDFORD INFOSERVICES PRIVATE LIMITED	Director	01-04-08	01-04-08	-	Active	YES
5	U67190DL2009PTC187030	SUMVARDHAN CAPSERVE INDIA PRIVATE LIMITED	Director	28-01-09	28-01-09	26-02-10	Active	NO
6	U80902TN2010PTC074623	DIGITAL SPOKEN ENGLISH LABS PRIVATE LIMITED	Director	25-11-10	25-11-10	-	Active	NO

Name :	Mrs. Rajni Choudhary
Designation :	Director
Address :	8-B, DDA MIG Flats, Rampura, Delhi – 110035, Delhi, India
Date of Birth/Age :	26.06.1973
Date of Appointment :	23.11.2006
DIN No.:	00304810

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	U80903DL2003PTC121686	FINESSE ADVERTISING PRIVATE LIMITED	Director	17-08-03	17-08-03	-	Active	YES
2	U80301DL2006PLC155882	IHT Network Limited	Director	23-11-06	23-11-06	-	Active	YES

Name :	Mr. Rajesh Pandy
Designation :	Director
Address :	B-83, Dashrath Puri Dabri Palam Road, Delhi – 110045, Delhi, India
Date of Birth/Age :	16.05.1972
Date of Appointment :	23.11.2006
DIN No.:	00304764

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	U80903DL2003PTC121686	FINESSE ADVERTISING PRIVATE LIMITED	Director	04-03-04	04-03-04	09-12-08	Active	YES
2	U80301DL2006PLC155882	IHT Network Limited	Director	23-11-06	23-11-06	-	Active	YES

Name :	Mrs. Manju Kamal Narayan Jha
Address :	Flat No.461 Sita Ram Apartments, 102 I P Extension, Delhi – 110092, Delhi, India
Designation :	Additional Director
Date of Birth/Age :	10.07.1968
Date of Appointment :	01.01.2009
DIN No.:	01058481

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	U15203DL2006PTC148188	GEELO DAIRY AND DRINKS PRIVATE LIMITED	Director	17-04-06	17-04-06	-	Active	YES
2	U51909DL2008PTC183532	SUM OVERSEAS PRIVATE LIMITED	Director	22-09-08	22-09-08	27-08-09	Active	YES
3	U80903DL2003PTC121686	FINESSE ADVERTISING PRIVATE LIMITED	Additional director	01-01-09	01-01-09	26-02-10	Active	YES
4	U80301DL2006PLC155882	IHT Network Limited	Director	30-09-09	01-01-09	26-02-10	Active	YES
5	U67190DL2009PTC187030	SUMVARDHAN CAPSERVE INDIA PRIVATE LIMITED	Director	28-01-09	28-01-09	04-05-11	Active	NO

KEY EXECUTIVES

Name :	Mr. Rajesh
Designation :	Manager Accounts
Name :	Mr. R. D. Pandey
Designation :	Chairman
Name :	Mr. P. N. Kathuria
Designation :	Chief Advisor (Corporate Operations) Advisory Committee
Name :	Mr. B. L. Chaudhary
Designation :	Chief Advisor (Finance and Administration)
Name :	Mr. B. S. Chaudhary
Designation :	Chief Advisor (Academic Operations)
Name :	Mr. Dilip Mishra
Designation :	(Assistant General Manager) Business Development
Name :	Mr. Manoj Kumar pasi
Designation :	(Assistant General Manager) Operation

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2009

Names of Shareholders	No. of Shares
Umesh Chand Chaudhary	39995
Rajni Choudhary	10000
Rajesh Pandy	1
Buddhu Singh Chaudhary	1
Jagat Narain	1
Mahendra Kumar Yadav	1
Ram Das Pandey	1
Total	50000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2009

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and Knowledge provider in the field of Computer hardware, Networking, Security and Software
Terms :
Selling :	Cash and Credit (30 Days)
Purchasing :	Cash and Credit (30 Days)

GENERAL INFORMATION

Customers :

• End Users
• Others

No. of Employees :

50 (Approximately)

Bankers :

• HSBC Bank, Delhi, India

• ICICI Bank, Delhi, India

• Punjab National Bank, Delhi, India

Facilities :

Secured Loan	As on 31.03.2009 (Rs. in Millions)	As on 31.03.2008 (Rs. in Millions)
Car Loan (Secured against pledge of car)	0.719	0.937
Total	0.719	0.937
Unsecured Loan	As on 31.03.2009 (Rs. in Millions)	As on 31.03.2008 (Rs. in Millions)
Loan From Mr. Dubey	0.050	0.050
Total	0.050	0.050

Banking Relations :	--
Auditors :
Name :	G. K. Kedia and Company Chartered Accountant
Address :	97, Pocket – 2, Dwarka, New Delhi – 110075, Delhi, India
PAN.:	AIKPK2047H
Academic Partners :	Microsoft Certified Partner for Learning Solutions- (USA) CISCO CLSP Punjab Technical University
Associates/Subsidiaries :	Institute of Hardware Technology Institute of Finance and Management Address : Delhi, India Line of Business : institute of Hardware, Finance and Management

CAPITAL STRUCTURE

As on 31.03.2009

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Shares	Rs.10/- each	Rs.2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2009	31.03.2008	31.03.2007
SHAREHOLDERS FUNDS
1] Share Capital		0.500	0.500	0.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.718	0.370	0.000
4] (Accumulated Losses)		0.000	0.000	(0.004)
NETWORTH		1.218	0.870	0.496
LOAN FUNDS
1] Secured Loans		0.719	0.937	0.000
2] Unsecured Loans		0.050	0.050	0.000
TOTAL BORROWING		0.769	0.987	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.013
TOTAL		1.987	1.857	0.509
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.217	2.421	0.159
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2.803	0.952	0.024
	Sundry Debtors	8.949	4.062	0.576
	Cash & Bank Balances	0.181	0.443	0.588
	Other Current Assets	0.737	0.346	0.000
	Loans & Advances	0.162	0.000	0.111
Total Current Assets		12.832	5.803	1.299
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1.811	2.194	0.831
	Other Current Liabilities	10.948	4.091	0.141
	Provisions	0.315	0.100	0.001
Total Current Liabilities		13.074	6.385	0.973
Net Current Assets		(0.242)	(0.582)	0.326
MISCELLANEOUS EXPENSES		0.012	0.018	0.024
TOTAL		1.987	1.857	0.509

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	24.725	14.135	1.010
		Other Income	1.101	0.161	0.000
		TOTAL (A)	25.826	14.296	1.010
Less	EXPENSES
		Purchases	6.968	5.017	0.017
		Personnel Expenses	6.462	2.182	0.328
		Administrative Expenses	4.287	2.131	0.000
		Selling and Distribution Expenses	8.386	4.737	0.663
		Expenses written off	0.006	0.006	0.006
		Increase / Decrease in Stocks	(1.852)	(0.928)	(0.023)
		TOTAL (B)	24.257	13.145	0.991
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1.569	1.151	0.019
Less	FINANCIAL EXPENSES (D)		0.169	0.075	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1.400	1.076	0.019
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.737	0.472	0.009
	PROFIT BEFORE TAX (E-F) (G)		0.663	0.604	0.010
Less	TAX (I)		0.315	0.230	0.006
	PROFIT AFTER TAX (G-I) (J)		0.348	0.374	0.004
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.000	(0.004)	0.000
	BALANCE CARRIED TO THE B/S		0.348	0.370	0.004
	Earnings Per Share (Rs.)		6.95	7.40	NA

Particulars	31.03.2011	31.03.2010
Sales Turnover (Approximately)	26.000	15.000

The above information has been parted by Mr. Rajesh

KEY RATIOS

PARTICULARS		31.03.2009	31.03.2008	31.03.2007
PAT / Total Income	(%)	1.35	2.62	0.40
Net Profit Margin (PBT/Sales)	(%)	2.68	4.27	0.99
Return on Total Assets (PBT/Total Assets}	(%)	4.41	7.34	0.69
Return on Investment (ROI) (PBT/Networth)		0.54	0.69	0.02
Debt Equity Ratio (Total Liability/Networth)		11.37	8.47	1.96
Current Ratio (Current Asset/Current Liability)		0.98	0.91	1.34

LOCAL AGENCY FURTHER INFORMATION

NOTE

The company changed its registered office from “418 A, Azad Pur, Delhi – 110033, Delhi, India” to the present address w.e.f. 26.02.2010

OPERATIONS

The company had achieved a turnover of Rs.27.688 Millions in the year of its operation. The net result for the year is Profit of Rs.0.663 Million after charging interest and depreciation. Efforts are continuing to improve its services and to reduce the overseas and the Directors are hopeful to do so in the forthcoming year.

FIXED ASSETS

• Car
• Computer
• Printer
• Projector
• Server
• Software
• Furniture
• Generator
• Air Conditioner
• Fan
• Micro Wave
• Mobile
• Equipment
• Water Cooler
• Water Motor
• Cisco 1811W Router

WEBISTE DETAILS

PROFILE

Subject is an ISO 9001: 2000 certified public limited company registered under Indian companies Act 1956. Quite a long back a group of visionary professionals and entrepreneurs felt the need of an institution at national level that can sharpen and strengthen the skills and traits of humans. Therefore, its commencement was not co-incidental but a necessity to set standards of competence perfection and excellence in the field of education and training. Its genesis is culmination of biological reactions of amazing brains.

Subject is India's No. 1 knowledge provider in the field of computer hardware, Networking, Security and Software. It is broadly known for its quality education and dedication to excellence with positive and progressive approach. It is a premier educational institution keenly engaged in transforming jobless persons into a team of devoted and motivated personel.

Their innovative ideas of training and contemporary demand centric courses make them most preferred institution all over the country. They provide comprehensive learning solutions and they are committed to provide high-end services with the perfect blend of training, skills, proficiency and expertise. They prepare and produce dynamic and resourceful professionals who are relevantly taught for their chosen professions and vocations within effective learning surroundings. According to their belief healthy environment is equally important for effective learning. They are closely associated with international players in technology to provide training and knowledge. They have strategic alliances with the global leaders.

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.48.93
UK Pound	1	Rs.76.52
Euro	1	Rs.66.65

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		27

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.