MIRA INFORM REPORT

Report Date :

28.02.2012

IDENTIFICATION DETAILS

Name :	UNIQUE TECHNO SERVICES PRIVATE LIMITED
Registered Office :	1, Sagar Estate No. IIIB/H, Sukh Saar Hotel, Near Sanand Chokdi Sarkhej, Ahmedabad – 382210, Gujarat
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	02.02.2006
Com. Reg. No.:	04-047648
Capital Investment / Paid-up Capital :	Rs.2.500 Millions
CIN No.: [Company Identification No.]	U74140GJ2006PTC047648
TAN No.: [Tax Deduction & Collection Account No.]	AHMU01228D
PAN No.: [Permanent Account No.]	AAACU8429J
Legal Form :	Private Limited Liability Company
Line of Business :	Service Provider and Trader of Diesel, Generator Sets, Lubricants and Engineering Goods etc.
No. of Employees :	150 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 140000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for 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.

INFORMATION PARTED BY

Name :	Mr. Atul Dattatraya Vaze
Designation :	Director
Contact No.:	91-9879009628
Date :	25.02.2012

LOCATIONS

Registered Office :	1, Sagar Estate No. IIIB/H, Sukh Saar Hotel, Near Sanand Chokdi Sarkhej, Ahmedabad – 382210, Gujarat, India
Tel. No.:	91-79-26891925 / 2689104
Mobile No.:	91-9879009628 (Mr. Atul Dattatraya Vaze)
Fax No.:	Not Available
E-Mail :	forgeb2003@yahoo.com abd@uniquetechnoservices.com
Location :	Rented

DIRECTORS

As on 29.09.2011

Name :	Mr. Atul Dattatraya Vaze
Designation :	Director
Address :	B/16, Het Appartment, Lad Socirty Road Vastrapur, Ahmedabad – 380015
Date of Birth/Age :	01.06.1969
Date of Appointment :	02.02.2006
DIN No.:	01387326

Name :	Mr. Sarang Kiran Mangalwedhekar
Designation :	Director
Address :	25, Yogashram Society, Manekbaug, Ambawadi, Ahmedabad – 380015, Gujarat, India
Date of Birth/Age :	04.17.1988
Date of Appointment :	21.02.2007
DIN No.:	01761589

Name :	Mr. Bhupendra Bhalchandra Khadilkar
Designation :	Director
Address :	B-1, Satyatriveni Apartment, Satellite, Ahmedabad – 380015, Gujarat, India
Date of Birth/Age :	09.03.1974
Date of Appointment :	02.02.2006
DIN No.:	02230476

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2011

Names of Shareholders	No. of Shares
Atul Dattatraya Vaze	68300
Sarang Kiran Mangalwedhekar	68350
Bhupendra Bhalchandra Khadilkar	68350
Yellow Line Sales and Services, India	45000
Total	250000

As on 04.01.2012

List of Allottees

Names of Shareholders	No. of Shares
Atul Dattatraya Vaze	200000
Bhupendra Bhalchandra Khadilkar	150000
Sarang Kiran Mangalwedhekar	150000
Total	500000

As on 29.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Service Provider and Trader of Diesel, Generator Sets, Lubricants and Engineering Goods etc.

Products :

Product Description	Item Code (ITC Code)
Trading of Diesel, Generator Sets, Lubricants and Engineering Goods etc.	0204

Terms :

Selling :

Cash and Credit

Purchasing :

Cash and Credit

GENERAL INFORMATION

Customers :

OEM’s

No. of Employees :

150 (Approximately)

Bankers :

· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli,, Mumbai - 400018, Maharashtra, India

· State Bank of India

· The Federal Bank Limited, Federal Towers. P B No.103, Alwaye, Eranakulam - 683101, Kerala, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
State Bank of India (Scorpio Vehicle Loan)	0.392	0.710
Yes Bank	31.915	23.776
Total	32.307	24.486
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Unsecured Loan	9.930	0.000
Total	9.930	0.000

Banking Relations :	--
Auditors :
Name :	Bhaveshbhai and Thakkar Chartered Accountants
Address :	203, Shyam Darshan Appartment, Near Shreyas Society, Vasana, Ahmedabad – 380007, Gujarat, India
PAN.:	ABLPT3264D

CAPITAL STRUCTURE

After 29.09.2011

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
750000	Equity Shares	Rs.10/- each	Rs.7.500 Millions

As on 31.03.2011

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
250000	Equity Shares	Rs.10/- each	Rs.2.500 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		2.500	2.500	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		32.256	27.996	2.541
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		34.756	30.496	2.641
LOAN FUNDS
1] Secured Loans		32.307	24.486	0.000
2] Unsecured Loans		9.930	0.000	6.803
TOTAL BORROWING		42.237	24.486	6.803
DEFERRED TAX LIABILITIES		0.000	0.234	0.000
TOTAL		76.993	55.216	9.444
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		5.189	5.108	3.559
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.327	4.977	2.908
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	36.282	32.589	21.933
	Sundry Debtors	31.954	16.771	21.975
	Cash & Bank Balances	3.594	5.409	2.540
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	24.599	16.834	3.032
Total Current Assets		96.429	71.603	49.480
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	16.280	17.569	32.615
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	8.868	8.911	13.900
Total Current Liabilities		25.148	26.480	46.515
Net Current Assets		71.281	45.123	2.965
MISCELLANEOUS EXPENSES		0.196	0.008	0.012
TOTAL		76.993	55.216	9.444

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income		181.941	155.187
		Other Income		0.628	0.161
		TOTAL (A)	229.803	182.569	155.348
Less	EXPENSES
		Cost of Goods Sold		120.267	93.798
		Trading Expenses		4.065	6.642
		Payment to and Provision for Employees		20.772	19.745
		Administrative and General Expenses		11.888	12.145
		Selling and Distribution Expenses		19.581	18.453
		Preliminary Expenses		0.004	0.004
		Fringe Benefit Tax		0.000	0.758
		TOTAL (B)	223.183 (Including Financial Expenses)	176.577	151.545
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			5.992	3.803
Less	FINANCIAL EXPENSES (D)			0.778	0.516
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		6.620	5.214	3.287
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.450	0.296	0.162
	PROFIT BEFORE TAX (E-F) (G)		6.170	4.918	3.125
Less	TAX (I)		1.910	1.513	1.023
	PROFIT AFTER TAX (G-I) (J)		4.260	3.405	2.102
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD
	BALANCE CARRIED TO THE B/S		4.260	3.405	2.102
	Earnings Per Share (Rs.)		24.68	--	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.86	1.87	1.35
Net Profit Margin (PBT/Sales)	(%)	NA	2.70	2.01
Return on Total Assets (PBT/Total Assets}	(%)	6.07	6.41	5.89
Return on Investment (ROI) (PBT/Networth)		0.18	0.16	1.18
Debt Equity Ratio (Total Liability/Networth)		1.94	1.67	20.19
Current Ratio (Current Asset/Current Liability)		3.83	2.70	1.07

LOCAL AGENCY FURTHER INFORMATION

Details of Sundry Creditors:

(Rs. In Millions)

Particulars	31.03.2011	31.03.2010	31.03.2009
Sundry Creditors
For Goods and Expenses	16.280	17.569	32.615

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

Form 8:

Corporate identity number of the company	U74140GJ2006PTC047648
Name of the company	UNIQUE TECHNO SERVICES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	1, Sagar Estate No. IIIB/H, Sukh Saar Hotel, Near Sanand Chokdi Sarkhej, Ahmedabad – 382210, Gujarat, India E-mail : forgeb2003@yahoo.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10213785
Type of charge	Book debts Movable property (not being pledge) Floating charge Others (current assets present and future)
Particular of charge holder	Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli,, Mumbai - 400018, Maharashtra, India E-Mail : dlbbcadmum@yesbank.in
Nature of instrument creating charge	Supplementary deed of hypothecation
Date of instrument Creating the charge	20.07.2011
Amount secured by the charge	Rs.60.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Cash Credit (CC):- 3.00 % above YBL base rate WCDL (Sub limit of CC):- 2.50 % pa above YBL base rate BG (Sub limit of CC):-Commi.1.25% pa+tax Purchase Invoice Disc.:-3.50 % above YBL base rate Terms of Repayment Cash Credit - 12 months subject to annual review WCDL - Maximum Tenor 60 days with rollover Bank Guarantee - 36 Months including claim period. Purchase Invoice Disc. - Tenor 60 days Margin 25% (on Book Debts below 90 days plus Stock minus Creditors) Extent and Operation of the charge Exclusive charge on current assets, both present and future to cover following facilities CC – Rs.50.000 Millions WCDL – Rs.50.000 Millions BG – Rs.1.500 Millions Purchase Invoice Disc. – Rs.10.000 Millions
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Exclusive charge on current assets, both present and future to cover following facilities CC – Rs.50.000 Millions WCDL – Rs.50.000 Millions BG – Rs.1.500 Millions Purchase Invoice Disc. – Rs.10.000 Millions
Date of instrument modifying the charge	15.07.2011
Particulars of the present modification	Credit Limits increased from Rs.45.000 Millions to Rs.60.000 Millions

Fixed Assets:

· Office Building

· Furniture and Fixtures

· Freeze

· Tata Ace

· Air Conditioner

· Air Cooler

· SF Crane

· Motor Car

· Indica Car

· Computer

· Printer

· Two Wheeler

· Utility Vehicle

· Scorpio (Vehicle)

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.49.05
UK Pound	1	Rs.77.78
Euro	1	Rs.65.89

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		46

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.