MIRA INFORM REPORT

Report Date :

27.04.2012

IDENTIFICATION DETAILS

Name :	MEGA TECHNOBIZ CONSULTANTS PRIVATE LIMITED
Registered Office :	S-37, F.I.E.E. Okhla Industrial Area, Phase – II, New Delhi – 110020
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	09.12.1981
Com. Reg. No.:	55-012794
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 Available

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Maximum Credit Limit :	USD 20000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Profitability of the company appears to be low. 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 – September 30, 2011

Country Name	Previous Rating (30.09.2011)	Current Rating (31.12.2011)
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 :	S-37, F.I.E.E. Okhla Industrial Area, Phase – II, New Delhi – 110020, Delhi, India
Tel. No.:	91-11 - 26386937
Fax No.:	Not Available
E-Mail :	companysdirector@yahoo.co.in

DIRECTORS

As on 30.09.2011

Name :	Mr. Nil Moni Sinha
Designation :	Director
Address :	B-9, Vasant Kunj, New Delhi, India
Date of Appointment :	24.01.1992
Din No.:	01153696

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	U74140DL1981PTC012794	MEGA TECHNOBIZ CONSULTANTS PRIVATE LIMITED	Director	24-01-92	24-01-92	Active	NO
2	U74899DL2000PLC104089	BHARAT APEX INDUSTRIES LIMITED	Director	31-08-09	31-08-09	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
Din No.:	00765942

Other Directorship:

.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	U74899DL1984PTC017881	WISE ELECTRONICS PRIVATE LIMITED	Director	30-09-03	30-09-03	Active	NO
2	U74140DL1981PTC012794	MEGA TECHNOBIZ CONSULTANTS PRIVATE LIMITED	Director	22-12-03	22-12-03	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Shareholder's Name	No. of Shares
S M Maheshwari	110
R P Agarwal	100
Om Prakash Dewan	830
Sharad Maheshwari	10
Radha Maheshwari	20050
Mithlesh Dewan	100
Rajesh Maheshwari	18000
Nawal Kishore Maheshwari	6138
Kamni Devi	950
Murari Lal	900
Vijay Kumar	1100
Neelam Maheshwari	2950
Krishan Kumar	550
Nanak Chand Maheshwari	22000
Subhash Sinha	6000
Brij Mohan Sharma	900
Madhu Sharma	900
Neelam Bhatia	900
K L Bhatia	900
Om Prakash Chauhan	950
Sham Devi	950
Nirmal Chauhan	950
Pramod Pal Guha	900
Nakesh Yadav	950
Supriya Maheshwari	13712
Raghuraj Singh Choudhary	10000
Chandrakanta Maheshwari	30000
Mayank Maheshwari	5200
Pratibha Sahani	8000
N M Sinha	45000
R S Maheshwari	20000
Innovative Finvest Limited, India	97500
Sapna Maheshwari	10000
Nidhish Maheshwari	24500
J.K.Builders and Property Developers Limited, India	97500
Munish Maheshwari	35000
Kanti Maheshwari	10000
M/S Dauji Mechanical Engineering Industries Private Limited, India	5000
S.K. Maheshwari (H.U.F)	100
S.M. Maheshwari (H.U.F)	100
O.P. Dewan (H.U.F)	100
Sharad Maheshwari (H.U.F)	100
Aditya Maheshwari	100
TOTAL	500000

As on 30.09.2011

Category	Percentage
Bodies corporate	40.00
Directors or relatives of Directors	9.00
Other top fifty shareholders	51.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Industrial Machinery Controllers.

Product:

ITC Code No	Production Description
85423900	UEC
85423900	Power SBC Card

PRODUCTION STATUS AS ON 31.03.2011

Capacity	Qty
Licensed Capacity	NA
Installed Capacity - Control Panels	100 Pcs

Particulars	Production/Purchase As on 31.03.2011
Scrap	5 Kg
Nickel Screens	--
UEC	1309
Power SBC Card	355

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Central Bank of India, 70 Janpath, New Delhi - 110001, India

Facilities :

Unsecured Loans	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
From Shareholders	4.426	0.000
From Others	0.639	0.000
Total	5.065	0.000

Banking Relations :	--
Auditors :
Name :	S.P. Chadha and Company Chartered Accountant
Address :	A-13/5, Vasant Vihar, New Delhi – 110057, India
Tel. No:	91-11-26144768
E-Mail :	spchadha52@yahoo.com
Pan No.:	AAHPC9156E

CAPITAL STRUCTURE

After 30.09.2011

Authorised Capital : Rs. 10.000 Millions

Issued, Subscribed & Paid-up Capital : Rs, 5.000 Millions

As on 31.03.2011

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		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		5.000	5.000	3.800
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		2.286	1.368	0.967
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		7.286	6.368	4.767
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		5.065	0.000	0.024
TOTAL BORROWING		5.065	0.000	0.024
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		12.351	6.368	4.791
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.451	1.866	1.862
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		1.047	1.047	0.869
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	6.215	0.093	0.033
	Sundry Debtors	6.848	2.666	1.655
	Cash & Bank Balances	1.532	1.361	0.634
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	1.004	0.624	0.758
Total Current Assets		15.599	4.744	3.080
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	4.597	0.000	0.000
	Other Current Liabilities	0.815	0.501	0.465
	Provisions	1.334	0.788	0.555
Total Current Liabilities		6.746	1.289	1.020
Net Current Assets		8.853	3.455	2.060
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		12.351	6.368	4.791

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	27.180	0.005
		Job work	0.000	2.301	NA
		Interest	0.000	0.024
		Other Income	0.523	1.842
		TOTAL (A)	27.703	4.172
Less	EXPENSES
		Material Consumed	20.074	0.003
		Administrative Expenses	5.979	3.515	NA
		TOTAL (B)	26.053	3.518
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1.650	0.654	0.363
Less	FINANCIAL EXPENSES (D)		0.113	0.002	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1.537	0.652	0.363
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.095	0.092	0.097
	PROFIT BEFORE TAX (E-F) (G)		1.442	0.560	0.266
Less	TAX (H)		0.524	0.159	0.138
	PROFIT AFTER TAX (G-H) (I)		0.918	0.401	0.128
	Earnings Per Share (Rs.)		1.84	0.80	NA

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.03	0.10	NA
Net Profit Margin (PBT/Sales)	(%)	0.31	0.13	NA
Return on Total Assets (PBT/Total Assets}	(%)	7.99	8.47	5.38
Return on Investment (ROI) (PBT/Networth)		0.20	0.10	0.06
Debt Equity Ratio (Total Liability/Networth)		1.62	0.20	0.22
Current Ratio (Current Asset/Current Liability)		2.31	3.68	3.01

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	No
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	Yes
8) No. of employees	No
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	---------
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	No
17) Major suppliers	No
18) Major customers	No
19) Payments terms	No
20) Export / Import details (if applicable)	No
21) Market information	------------
22) Litigations that the firm / promoter involved in	-----------
23) Banking Details	Yes
24) Banking facility details	Yes
25) Conduct of the banking account	---------
26) Buyer visit details	----------
27) Financials, if provided	Yes
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	Yes
30) Major Shareholders, if available	Yes

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	Modification of charge
Charge identification number of the modified	90046416
Type of charge	Immovable Property Other
Particular of charge holder	Central Bank of India, 70, Janpath, New Delhi – 110001, India Email: jkscond@gmail.com
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	Rate of Interest As per Hypothecation Agreement / Sanction terms. Terms of Repayment As per Hypothecation Agreement / Sanction terms. Margin As per Hypothecation Agreement / Sanction terms. 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 Bachmann Industries India Limited. Others 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 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 and corporate guarantee has now been enhanced from Rs. 145.000 Millions to Rs. 172.500 Millions.

FIXED ASSETS:

• Land
• Building
• Furniture and Fixture
• Office Equipment
• Computer
• Electric Fitting
• Water Pump
• Tubewell

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. 52.56
UK Pound	1	Rs. 85.02
Euro	1	Rs. 69.56

INFORMATION DETAILS

Report Prepared by :

ACH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
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		30

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

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.