MIRA INFORM REPORT

Report Date :

14.08.2012

IDENTIFICATION DETAILS

Name :	PAN MILLENIUM TRADELINKS LIMITED (w.e.f.07.02.2012)
Formerly Known As :	PANSYS INFOTECH LIMITED
Registered Office :	No.24, II Floor , K.R. Colony, Domlur Layout, Bangalore – 560071, Karnataka
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	15.02.2007
Com. Reg. No.:	08-041785
Capital Investment/ Paid-up Capital:	Rs.0.500 Million
CIN No.: [Company Identification No.]	U72900KA2007PLC041785
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Exporter, Importer, Trader, Supplier and Service Provider of Water Treatment Plants, Waste Water, Effluent Treatment Plants, Solid Waste Management, Iron Ore, Scraps, etc
No. of Employees:	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 7000
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 with slight caution. Note: ‘Pansys Infotech limited’ has changed its name to Pan Millenium Trade Links Limited with effect form 07.02.2012

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, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION DECLINED BY

Name :	Mr. Sumeet Shama
Designation :	Managing Director
Contact No.:	91-9739208698
Date :	13.08.2012

LOCATIONS

Registered Office :	No.24, II Floor , K.R. Colony, Domlur Layout, Bangalore – 560071, Karnataka, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	ceo@panysysinfoktech.biz
Corporate Office :	N-35, Varalkshmi Mansion, 2^nd Floor, Jeevan Bheema Main Road, Bangalore- 560075, Karnataka, India
Tel. No.:	91-80-40996446
Fax No.:	91-80-40996446

DIRECTORS

As on 30.09.2011

Name :

Lalitha Sharma

Designation :

Director

Address :

No.24, B Cross, Ashoka Avenue, K.R. Gardens, Vimanpura Post, Bangalore – 560017, Karnataka, India

Date of Birth/Age :

08.05.1958

Date of Appointment :

01.03.2007

Din No.:

00354550

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51909KA2007PLC041785	PAN MILLENIUM TRADELINKS LIMITED	Director	01/03/2007	01/03/2007	-	Active	NO
2	U92490KA2008PLC047555	TOTAL WELLNESS (INDIA) LIMITED	Director	22/08/2008	22/08/2008	-	Under Process of Striking off	NO

Name :

Mr. Sumeet Kumar Sharma

Designation :

Director

Address :

No.24, B Cross, Ashoka Avenue, K.R. Gardens, Vimanpura Post, Bangalore – 560017, Karnataka, India

Date of Birth/Age :

25.07.1961

Date of Appointment :

15.02.2007

Din No.:

01260704

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51909KA2007PLC041785	PAN MILLENIUM TRADELINKS LIMITED	Director	15/02/2007	15/02/2007	-	Active	NO
2	U92490KA2008PLC047555	TOTAL WELLNESS (INDIA) LIMITED	Director	22/08/2008	22/08/2008	-	Under Process of Striking off	NO

Name :

Mr. Samrat Sharma

Designation :

Director

Address :

No.24, B Cross, Ashoka Avenue, K.R. Gardens, Vimanpura Post, Bangalore – 560017, Karnataka, India

Date of Birth/Age :

24.04.1985

Date of Appointment :

05.04.2007

Din No.:

01406260

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Sumeet Kumar Sharma	22000
Lalitha Sharma	13500
Samrat Sharma	12500
Vijay. J Jayarajan	500
Bipin T. Thomas	500
Uma Thamme Gowda	500
Sunit Singh	500
Total	50000

As on 30.09.2011

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter, Importer, Trader, Supplier and Service Provider of Water Treatment Plants, Waste Water, Effluent Treatment Plants, Solid Waste Management, Iron Ore, Scraps, etc

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

Bank of Baroda, H. Siddaiah Road, Bangalore – 560002, Karnataka, India

Facilities :

Rs. In Millions

UNSECURED LOAN	31.03.2011	31.03.2010
From Directors
Mr. Samrat	0.324	0.537
Mrs. Lalitha	0.255	0.225
Mr. Sumeet Kumar Sharma	0.218	0.893
Bank of Baroda (term Loan)	0.000	0.057
Car Laon	0.374	0.471
Total	1.171	2.183

Banking Relations :	--
Auditors :
Name :	K.Benakappa and Company Chartered Accountants
Address :	No.38, I Floor, Nehru Circle, Seshadripuram, Bangalore, Karnataka, India
Mobile No.:	91-9448030972
E-Mail :	kbenakappa@rediffmail.com
Pan No.:	ABRPB04654C
Memberships:	FICCI, BMA, NIPM,ISTD, TiE

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

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

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]

The above information has been Denied by Sumeet Sharma

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		0.500	0.500	0.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.918	0.621	0.365
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1.418	1.121	0.865
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		1.171	2.183	2.669
TOTAL BORROWING		1.171	2.183	2.669
DEFERRED TAX LIABILITIES		0.000	0.003	0.000
TOTAL		2.569	3.307	3.534
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.496	1.841	2.286
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.002	0.000	0.009
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.842	0.769	0.509
	Cash & Bank Balances	0.405	0.327	0.244
	Other Current Assets	0.002	0.000	0.027
	Loans & Advances	0.290	0.600	0.600
Total Current Assets		1.539	1.696	1.380
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.111	0.164	0.103
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	0.473	0.298	0.386
Total Current Liabilities		0.584	0.462	0.489
Net Current Assets		0.955	1.234	0.891
MISCELLANEOUS EXPENSES		0.116	0.232	0.348
TOTAL		2.569	3.307	3.534

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	5.999	6.074	5.877
		Other Income	0.052	0.126	0.160
		TOTAL	6.051	6.200	6.037
Less	EXPENSES		5.170	5.192	4.993
		TOTAL	5.170	5.192	4.993
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.881	1.008	1.044
Less/ Add	DEPRECIATION/ AMORTISATION		0.419	0.550	0.638
	PROFIT BEFORE TAX		0.462	0.458	0.406
Less	TAX		0.165	0.202	0.168
	PROFIT AFTER TAX		0.297	0.256	0.238
	Earnings Per Share (Rs.)		5.94	NA	NA

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	4.91	4.13	3.94
Net Profit Margin (PBT/Sales)	(%)	7.70	7.54	6.91
Return on Total Assets (PBT/Total Assets}	(%)	15.23	12.95	11.07
Return on Investment (ROI) (PBT/Networth)		0.33	0.41	0.74
Debt Equity Ratio (Total Liability/Networth)		1.47	2.36	3.65
Current Ratio (Current Asset/Current Liability)		2.64	3.68	2.82

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report [Yes/No]
Year of Establishment	Yes
Locality of the Firm	Yes
Constitution of the firm	Yes
Premises details	No
Type of Business	Yes
Line of Business	Yes
Promoters background	Yes
No. of Employees	No
Name of Person Contacted	Yes
Designation of contact person	Yes
Turnover of firm for last three years	Yes
Profitability for last three years	Yes
Reasons for variation <> 20%	-
Estimation for coming financial year	No
Capital the business	Yes
Details of sister concerns	No
Major Suppliers	No
Major Customers	No
Payment Terms	No
Export / Import Details [If Applicable]	No
Market Information	-
Litigations that the firm / promoter involved in	-
Banking Details	Yes
Banking Facility Details	Yes
Conduct of the banking account	-
Buyer visit details	-
Financials, if provided	Yes
Incorporation details, if applicable	Yes
Last accounts filed at ROC	Yes
Major Shareholders, if applicable	Yes
Date of Birth of Proprietor/Partner/Director, if available	Yes
PAN of Proprietor/Partner/Director, if available	No
Voter ID No of Proprietor/Partner/Director, if available	No
External Agency Rating, if available	No

FINANCIAL RESULTS:

The company has achieved a total turnover of Rs.6.051 Millions for yhe year ended 31.03.2011 a profit Rs.0.297 Million which recorded 16% more than the previous financial year. The management has hope for better prospects in future.

FIXED ASSETS:

· Car

· Air conditioner

· Ups

· Projector

· DVD Player

· Mobile Phone

· Camera

· Office Equipment

· Electrical Installations

· Furniture and Fixtures

· Computer

· Printer

· Scanner

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.55.42
UK Pound	1	Rs.86.78
Euro	1	Rs.68.03

INFORMATION DETAILS

Information Gathered by :
Report Prepared by :	BYI

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	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	-
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		29

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.