MIRA INFORM REPORT

Report Date :

13.02.2012

IDENTIFICATION DETAILS

Name :	OMNISCIENT ELECTRONICS PRIVATE LIMITED
Registered Office :	“Anvin House”, #782, 2^nd Floor, 3^rd Main, 1^st Cross 5^th Phase, BEML Layout, Rajarajeswari Nagar, Bangalore 560098, Karnataka
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	13.07.2000
Com. Reg. No.:	08-027460
Capital Investment / Paid-up Capital :	Rs.0.200 Million
CIN No.: [Company Identification No.]	U32109KA2000PTC027460
TAN No.: [Tax Deduction & Collection Account No.]	BLRO00386B
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Telecom Accessories, Office Equipment and Power Supplying Equipment and other Allied Products.
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 11000
Status :	Small Company
Payment Behaviour :	Slow but Correct
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 but correct. 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 (30.06.2011)	Current Rating (30.09.2011)
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 :	“Anvin House”, #782, 2^nd Floor, 3^rd Main, 1^st Cross 5^th Phase, BEML Layout, Rajarajeswari Nagar, Bangalore 560098, Karnataka, India
Tel. No.:	91-80-28611869
Fax No.:	91-80-28612021
E-Mail :	anand@omniscientelectronics.com
Website :	http://www.omniscientelectronics.com
Corporate Office :	# 507, 9^th Main, Banshankari IInd Stage, Bangalore – 560070, Karnataka, India
Tel. No.:	91-80-26718144/ 26718162
Fax No.:	91-80-26718151
E-Mail :	info@omniscientelectronics.com
Branch Offices :	Located at: · Chennai · Delhi · Mumbai · Secunderabad
International Procurement Office :	Singapore E-Tech Pte Limited 18,Boonlay Way, #06-108, Trade Hub 21, Singapore – 609966
Tel. No.:	0065-65159661
Fax No.:	0065-65159662
E-Mail :	judy@e-techresources.com

DIRECTORS

(AS ON 30.09.2011)

Name :

Mr. Rammohan Kadaba Narasimhamurthy

Designation :

Director

Address :

No.444, 11^th Main, Padmanabha Nagar, Bangalore – 560070, Karnataka, India

Date of Birth/Age :

26.10.1959

Date of Appointment :

13.07.2000

DIN No.:

00709094

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	U72100KA1987PTC008207	ACCUREX SOLUTIONS PRIVATE LIMITED	Managing director	26/02/1987	26/02/1987	-	Active	NO
2	U32109KA2000PTC027460	OMNISCIENT ELECTRONICS PRIVATE LIMITED	Director	13/07/2000	13/07/2000	-	Active	NO
3	U72200KA2003PTC031818	HYNETIC ELECTRONICS PRIVATE LIMITED	Director	11/4/2003	11/4/2003	26/11/2007	Active	NO
4	U30009KA2003PTC032053	SHRESTA E-TECHNOLOGIES PRIVATE LIMITED	Director	4/6/2003	4/6/2003	2/12/2009	Active	NO
5	U72200KA2004PTC034114	SHREYANICS ELECTRONICS PRIVATE LIMITED	Director	11/6/2004	11/6/2004	26/11/2007	Active	NO
6	U51909KA2005PTC037746	ANVIN ELECTRONICS PRIVATE LIMITED	Director	24/11/2005	24/11/2005	-	Active	NO

Name :

Mr. Vedhantha Deshikan Thiruvengadam

Designation :

Director

Address :

No.49, Ranga Rao Road, Shankarapuram, Bangalore – 560004, Karnataka, India

Date of Birth/Age :

04.03.1966

Date of Appointment :

14.06.2004

DIN No.:

01914720

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2011)

Names of Shareholders	No. of Shares
Rammohan Kadaba Narasimhamurthy	1990
K R Amarnath	10
Total	2000

(AS ON 30.09.2011)

Equity Shares Break – up

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Telecom Accessories, Office Equipment and Power Supplying Equipment and other Allied Products.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	· Corporation Bank 261, 22nd Cross, 9th A Main, III Block, Jayanagar, Bangalore – 560011, Karnataka, India · State Bank of India · Syndicate Bank

Banking Relations :	--
Auditors :
Name :	G. S. Prakash Chartered Accountant
Address :	No.8, 4^th Main Road, (Next to Indian Bank), Chamarajapet, Bangalore – 560018, Karnataka, India
Tel No.:	91-80-266003687
Fax No.:	91-80-26603686
PAN No.:	AALPP7890C
Email :	prakashca@dataone.in pganagnur@yahoo.in

CAPITAL STRUCTURE

(AS ON 30.09.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
5000	Equity Share	Rs.100/- each	Rs.0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2000	Equity Share	Rs.100/- each	Rs.0.200 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		0.200	0.200	0.200
2] Share Application Money		0.280	0.280	0.280
3] Reserves & Surplus		2.259	1.743	1.433
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2.739	2.223	1.913
LOAN FUNDS
1] Secured Loans		0.408	0.436	1.100
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.408	0.436	1.100
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		3.147	2.659	3.013
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.732	1.895	2.551
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	2.061	2.313	2.003
	Sundry Debtors	5.799	13.647	5.626
	Cash & Bank Balances	1.407	0.833	3.294
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	1.392	1.229	11.609
Total Current Assets		10.659	18.022	22.532
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	6.902	15.463	19.623
	Other Current Liabilities	0.789	0.636	1.016
	Provisions	1.553	1.159	1.431
Total Current Liabilities		9.244	17.258	22.070
Net Current Assets		1.415	0.764	0.462
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		3.147	2.659	3.013

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	25.910	27.643
		Commission Received	7.674	6.730	42.383
		Other Income	0.267	1.773
		TOTAL	33.851	36.146	42.383
Less	EXPENSES
		TOTAL	32.958	35.644	42.021
	PROFIT BEFORE TAX		0.893	0.502	0.362
Less	TAX		0.377	0.192	0.453
	PROFIT AFTER TAX		0.516	0.310	(0.091)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1.743	1.433	--
	BALANCE CARRIED TO THE B/S		2.259	1.743	--
	EARNINGS IN FOREIGN CURRENCY		7.664	6.608	10.154
	Earnings Per Share (Rs.)		258.05	155.00	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.52	0.86	(0.21)
Net Profit Margin (PBT/Sales)	(%)	3.45	1.82	NA
Return on Total Assets (PBT/Total Assets}	(%)	7.21	2.52	1.44
Return on Investment (ROI) (PBT/Networth)		0.33	0.23	0.19
Debt Equity Ratio (Total Liability/Networth)		3.52	7.96	12.11
Current Ratio (Current Asset/Current Liability)		1.15	1.04	1.02

LOCAL AGENCY FURTHER INFORMATION

NOTE:

The Registered Office of the company has been shifted from 507, 9^th Main, Banashankari, 2^nd Stage, Bangalore – 560070, Karnataka, India, to the present address w.e.f. 04.08.2011.

FORM 8:

Corporate identity number of the company	U32109KA2000PTC027460
Name of the company	OMNISCIENT ELECTRONICS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	507, 9th Main, Banashankari, 2nd Stage, Bangalore – 560070, Karnataka, India info@omniscientelectronics.com
This form is for	Creation of charge
Type of charge	Book debts Movable property (not being pledge) Floating charge
Particular of charge holder	Corporation Bank 261, 22nd Cross, 9th A Main, III Block, Jayanagar, Bangalore – 560011, Karnataka, India cb74@corpbank.co.in
Nature of description of the instrument creating or modifying the charge	Common deed of hypothecation of Movables/ Assets/ Debts
Date of instrument Creating the charge	05/05/2010
Amount secured by the charge	Rs.0.800 Million
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest OD - 10.50% p.a. Terms of Repayment Running account repayable on demand. Margin 50% Extent and Operation of the charge The charge shall operates to the extent of entire loan amount Plus Interest, Commission, Cost, Expenses and other Charges if any thereon.
Short particulars of the property charged	Hypothecation by way of first charge on Book debts/Assets and other movables of the company,present and future stored at the company premises No. 507,9th Main, Banashankari IInd Stage, Bangalore – 560070 or at any other place.

FIXED ASSETS:

· Computer

· Furniture and Fittings

· Electrical Fittings

· Office Equipments

· Motor Car – Maruti Swift

· Motor Car – Skoda

· Television

· Printer

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.49.64
UK Pound	1	Rs.78.35
Euro	1	Rs.65.80

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
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	4
--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	YES
--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
-	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.