MIRA INFORM REPORT

Report Date :

30.08.2012

IDENTIFICATION DETAILS

Name :	INTECH DIGITAL TECHNOLOGY (INDIA) PRIVATE LIMITED
Registered Office :	552, Katra Asharfi, Chandni Chowk, Delhi - 110006
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	24.04.2007
Com. Reg. No.:	55-162515
Capital Investment / Paid-up Capital :	Rs.0.150 Million
CIN No.: [Company Identification No.]	U72900DL2007PTC162515
TAN No.: [Tax Deduction & Collection Account No.]	DELI06946C
PAN No.: [Permanent Account No.]	AABCI6751Q
Legal Form :	Private Limited Liability Company
Line of Business :	Trading and Manufacturing of Electrical and Electrical Goods.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (18)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Yet to commence
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporated in 2007. They have not yet commence with their business activity. As conformed with Mr. Atul Chief Executive Officer has denied to provide information. Payment terms are unknown. The company can be considered for business dealings on a safe and secure 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 – 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 DENIED BY

Name :	Mr. Atul
Designation :	Chief Executive Officer
Contact No.:	91-9810570693
Date :	25.08.2012

LOCATIONS

Registered Office :	552, Katra Asharfi, Chandni Chowk, Delhi – 110006, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	atulaygupta@gmail.com renna1234@rediffmail.com advapl@vsnl.com

DIRECTORS

As on: 10.05.2011

Name :

Mr. Tarun Murarka

Designation :

Director

Address :

B-399, New Friends Colony, New Delhi – 110065, India

Date of Birth/Age :

09.05-1964

Date of Appointment :

14.04.2011

DIN No.:

00090679

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	U74899DL1993PTC054653	TULIKA APPLIANCES PRIVATE LIMITED	Director	29/07/1993	29/07/1993	-	Active	NO
2	U25199DL1990PLC041939	GALAXY FORMS LIMITED	Director	01/11/1994	01/11/1994	07/07/2012	Active	NO
3	U29303DL1996PTC076584	ADVANCED APPLIANCES PRIVATE LIMITED	Director	28/12/1996	28/12/1996	-	Active	NO
4	U29303DL1998PTC091653	EMKAY APPLIANCES PRIVATE LIMITED	Director	13/01/1998	13/01/1998	-	Active	NO
5	U51909WB2005PTC105946	DEBRUP COMMERCIAL PRIVATE LIMITED	Director	29/09/2006	20/12/2005	-	Active	NO
6	U70101DL2006PTC144364	GRAPHIC PROMOTERS AND DEVELOPERS PRIVATE LIMITED	Director	02/01/2006	02/01/2006	-	Active	NO
7	U45201UP2005PTC030576	WELLWON BUILDERS (INDIA) PRIVATE LIMITED	Director	31/03/2006	31/03/2006	01/03/2008	Active	NO
8	U45201UP2005PTC031159	WELLDONE INFRASTRUCTURE PRIVATE LIMITED	Director	31/03/2006	31/03/2006	28/08/2008	Active	NO
9	U74991DL2006PTC148790	OMNIA APPLIANCES PRIVATE LIMITED	Director	13/05/2006	13/05/2006	-	Active	NO
10	U74899DL1978PTC008905	INNOVATIVE THERMAL COATINGS PRIVATE LIMITED	Director	29/05/2006	29/05/2006	25/05/2007	Active	NO
11	U01403DL2006PTC150110	TPM FARMS PRIVATE LIMITED	Director	24/06/2006	24/06/2006	-	Active	NO
12	U45201DL2004PTC130287	GALAXY BUILDTECH PRIVATE LIMITED	Director	01/11/2006	01/11/2006	-	Active	NO
13	U74899DL1993PTC055608	RATIONAL IT PARK PRIVATE LIMITED	Director	01/11/2007	02/04/2007	-	Active	NO
14	U72300DL2007PTC166465	KELT INFOTECH PRIVATE LIMITED	Director	31/07/2007	31/07/2007	17/10/2011	Active	NO
15	U72200DL2007PTC157731	KHURANA INFOTECH PRIVATE LIMITED	Additional director	04/08/2007	04/08/2007	08/11/2011	Active	NO
16	U25201UP2005PTC031177	WELLDONE TECHNOLOGY PARKS DEVELOPMENT PRIVATE LIMITED	Director	29/09/2007	14/09/2007	-	Active	NO
17	U70109DL2006PTC153664	ENDURE REALTY PRIVATE LIMITED	Director	17/10/2007	17/10/2007	-	Active	NO
18	U31501DL2007PTC169820	ADVANCED ELECTROMACH PRIVATE LIMITED	Director	24/10/2007	24/10/2007	-	Active	NO
19	U74899DL1977PTC008483	SOCIETA COFICA CHEMICALS INDIA PRIVATE LIMITED	Director	10/02/2008	10/02/2008	-	Active	NO
20	U72200DL2005PTC132718	OMNIA TECHNOLOGIES PRIVATE LIMITED	Director	16/09/2009	03/10/2008	27/01/2011	Active	NO
21	U85195UR2008PTC032705	ADVANCE HOSPITALITY PRIVATE LIMITED	Director	10/10/2008	10/10/2008	-	Active	NO
22	U70100DL2010PTC207989	GALAXY MONNET INFRAHEIGHTS PRIVATE LIMITED	Director	08/09/2010	08/09/2010	-	Active	NO
23	U31908DL2007PTC162515	INTECH DIGITAL TECHNOLOGY (INDIA) PRIVATE LIMITED	Director	14/04/2011	14/04/2011	-	Active	NO
24	U45201UP1997PTC021516	HALWASIYA DEVELOPMENTS PRIVATE LIMITED	Additional director	12/08/2011	12/08/2011	-	Active	NO

Name :

Mr. Pankaj Murarka

Designation :

Director

Address :

B-399, New Friends Colony, New Delhi – 110065, India

Date of Birth/Age :

25.02.1967

Date of Appointment :

14.04.2011

DIN No.:

00090634

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	U29303DL1996PTC076584	ADVANCED APPLIANCES PRIVATE LIMITED	Director	23/02/1996	23/02/1996	-	Active	NO
2	U29303DL1998PTC091653	EMKAY APPLIANCES PRIVATE LIMITED	Director	15/07/1998	15/07/1998	-	Active	NO
3	U31900DL2007PTC162234	GALAXY APPLIANCES PRIVATE LIMITED	Director	18/04/2007	18/04/2007	-	Active	NO
4	U31501DL2007PTC169820	ADVANCED ELECTROMACH PRIVATE LIMITED	Director	24/10/2007	24/10/2007	-	Active	NO
5	U31908DL2007PTC162515	INTECH DIGITAL TECHNOLOGY (INDIA) PRIVATE LIMITED	Director	14/04/2011	14/04/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Atul
Designation :	Chief Executive Officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 10.05.2011

Names of Shareholders	No. of Shares
Tarun Murarka	300
Pankaj Murarka	300
Emkay Appliances Private Limited, India	13800
Sanjay Khurana	600
Total	15000

As on: 20.10.2011

Names of Allottee	No. of Shares
Emkay Appliances Private Limited, India	1826200
Pankaj Murarka	39700
Sanjay Khurana	79400
Tarun Murarka	39700
Total	1985000

Equity Share Break up (Percentage of Total Equity)

As on: 10.05.2011

Category	Percentage
Bodies corporate	92.00
Directors or relatives of directors	4.00
Other top fifty shareholders	4.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Trading and Manufacturing of Electrical and Electrical Goods.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Axis Bank Limited, 4/10, OPG House, Asaf Ali Road, New Delhi - 110002, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Greater Noida Industrial Development Authority against Land allotted by them	4.935	7.896
Total	4.935	7.896
Unsecured Loan	As on 31.03.2011	As on 31.03.2010
Unsecured Loan	14.464	9.260
Total	14.464	9.260

Banking Relations :	--
Auditors :
Name :	Virendra K. Jain and Company Chartered Accountants
Address :	3618/11, Sudershan Market, Chawri Bazar, Delhi – 110006, India
PAN No.:	AADPJ6778M

CAPITAL STRUCTURE

After: 10.05.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs.20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs.20.000 Millions

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
15000	Equity Shares	Rs.10/- each	Rs.0.150 Million

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		0.150	0.150	0.150
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(0.074)	(0.062)	(0.047)
NETWORTH		0.076	0.088	0.103
LOAN FUNDS
1] Secured Loans		4.935	7.896	8.883
2] Unsecured Loans		14.464	9.260	7.625
TOTAL BORROWING		19.399	17.156	16.508
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		19.475	17.244	16.611
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		19.928	17.808	16.870
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	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	0.022	0.007	0.009
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.105	0.110	0.100
Total Current Assets		0.127	0.117	0.109
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.073	0.135	0.135
	Other Current Liabilities	0.507	0.546	0.247
	Provisions	0.000	0.000	0.000
Total Current Liabilities		0.580	0.681	0.382
Net Current Assets		(0.453)	(0.564)	(0.273)
MISCELLANEOUS EXPENSES		0.000	0.000	0.014
TOTAL		19.475	17.244	16.611

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income
		Other Income
		TOTAL	NA	NA	NA
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	0.012	0.016	0.020
	PROFIT BEFORE TAX		(0.012)	(0.016)	(0.020)
Less	TAX		0.000	0.000	0.000
	PROFIT AFTER TAX		(0.012)	(0.016)	(0.020)
	Earnings Per Share (Rs.)		(0.78)	NA	NA

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
Return on Total Assets (PBT/Total Assets}	(%)	(0.06)	(0.09)	(0.12)
Return on Investment (ROI) (PBT/Networth)		(0.16)	(0.18)	(0.19)
Debt Equity Ratio (Total Liability/Networth)		262.88	202.69	163.98
Current Ratio (Current Asset/Current Liability)		0.22	0.17	0.29

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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	Yes
10]	Designation of contact person	Yes
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
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

OPERATIONS:

The directors of the company are hopeful that the company will stand strong in the coming years.

Note:

The Registered Office of the company has been shifted from M-21, Badli Industrial Area, Phase-I, Delhi – 110042, India to the present address w.e.f. 14.04.2011

Bankers Charges Report as per Registry

Corporate identity number (CIN) or foreign company registration number of the company	U31908DL2007PTC162515
Name of the company	INTECH DIGITAL TECHNOLOGY (INDIA) PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	552, Katra Asharfi, Chandni Chowk, Delhi – 110006, India E-mail: renna1234@rediffmail.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10310087
Type of charge	Immovable property
Particular of charge holder	Axis Bank Limited, 4/10, OPG House, Asaf Ali Road, New Delhi - 110002, India E-mail: f8.axisbank@gmail.com
Nature of instrument creating charge	Memorandum of entry evidencing deposit of title deeds.
Date of instrument Creating the charge	03.02.2012
Amount secured by the charge	Rs. 97.500 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per agreement. Terms of Repayment As per agreement. Margin As per agreement. Extent and Operation of the charge Extent and operation - 100% Others The Above Is To Secure The Following :- Term Loan = RS. 55.000 Millions LC (Capex) = (RS.19.600 Millions) sub limit of term loan Cash Credit = RS. 22.500 Millions Letter of Credit = RS. 20.000 Millions Bank Guarantee = (RS.1.000 Millions) sub limit of CC
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation by way of first and exclusive charge over all present and future movable fixed assets of the company except vehicles and all present and future current assets of the company stored or to be stored at the company's godowns or premises or wherever else the same may be.
Particulars of the present modification	Credit Facilities Of Rs.97.500 Millions Shall Additionally Be Secured By First Charge Over Co's Immovable property I.E. Plot No. 30, area measuring 5000.12 SQM, Sector - Udyog Kendra, Greater Noida Industrial Development Area, Dist. Gautam Budh Nagar (Uttar Pradesh) together with all buildings and structures thereon or to be thereon.

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 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.55.67
UK Pound	1	Rs.88.05
Euro	1	Rs.69.92

INFORMATION DETAILS

Information Gathered by :	PJA
Report Prepared by :	VRN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	2
--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		18

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	-

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.