MIRA INFORM REPORT

Report Date :

25.06.2012

IDENTIFICATION DETAILS

Name :	MULTILINK COMPUTERS PRIVATE LIMITED
Registered Office :	405, 4^thFloor, Eros Apartment, 56, Nehru place, New Delhi-110019,
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	17.12.1997
Com. Reg. No.:	55-091201
Capital Investment/ Paid-up Capital:	Rs.0.990 Million
CIN No.: [Company Identification No.]	U72200DL1997PTC091201
TAN No.: [Tax Deduction & Collection Account No.]	DELM06460G
PAN No.: [Permanent Account No.]	AACCM6492P
Legal Form :	Private Limited Liability Company
Line of Business :	Dealer of computer and peripherals and also deals in wireless solutions mikrotik wireless solutions REVO and TP-UNK, wireless solutions ubiquity,etc
No. of Employees:	25(Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (32)

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

Maximum Credit Limit :	USD 28000
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. Trade relation are reported to be fair. Business is active. Payment are reported to be slow but correct. The company can be considered for small to mediocre 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 – 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 DEFAILTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAILTERS’ 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 PARTED BY

Name :	Mr. Mahesh Kumar
Designation :	Accountant
Contact No.:	91-1141617563
Date :	19.07.2012

LOCATIONS

Registered Office :	405, Eros Appartment, 56 Nehru Place, New Delhi 110019, India
Tel. No.:	91-11-41617563 / 993
Fax No.:	91-11-41617563
E-Mail :	multilinkindia@gmail.com info@multilink.in
Website :	www.multilinkonline.com
Area :	Owned
Head Office :	24,2^ndFloor, Deepak Building, 13, Nehru Place, New Delhi-110019
Tel. No.:	91-26488877,26474477,41617563
Fax No.:	91-41617562
E-Mail :	info@multilink.us
Branches 1 : Tel No.:	Locate At: Noida 91-9810083595
Branches 2 :	Jaipur Shop No. 18, Nehru Place, Tank Road, Jaipur, Rajasthan, India Tel No.: 91-141-5111999 / 5063455

DIRECTORS

Name :

Mr. Saurabh Nagpal

Designation :

Managing Director

Address :

D-29, Kalkaji, New Delhi-110019,

Date of Birth/Age :

07.06.1968

Date of Appointment :

17.12.1997

Din No.:

01293829

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	U72200DL1997PTC091201	MULTILINK COMPUTERS PRIVATE LIMITED	Director	17/12/1997	17/12/1997	-	Active	NO
2	U72900DL2009PTC192611	SFR TELECOM PRIVATE LIMITED	Director	27/07/2009	27/07/2009	-	Active	NO

Name :

Mrs. Rachna Nagpal

Designation :

Director

Address :

D-29, Kalkaji, New Delhi-110019,

Date of Birth/Age :

17.11.1972

Date of Appointment :

17.12.1997

Din No.:

01588187

KEY EXECUTIVES

Name :	Mr. Mahesh Kumar
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

Names of Shareholders	No. of Shares
Anil Nagpal	2500
Anil Nagpal and Family	3000
Indo European Floriculture Limited	40000
Junoon Capital Services (P) Limited	20000
M L Nagpal and Sons	3000
Mohanlal Nagpal	2500
Rachna Nagpal	2500
Saurabh Nagpal	2500
Saurabh Nagpal and Family	3000
Softgate Technologies (P) Limited	20000
Total	99000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	80.81
Directors or relatives of Directors	19.19
Total	100.00

BUSINESS DETAILS

Line of Business :	Dealer of computer and peripherals and also deals in wireless solutions mikrotik wireless solutions REVO and TP-LINK, wireless solutions ubiquity,etc
Imports :
Products :	Wireless products
Countries :	US
Terms :
Selling :	Cash/Credit (Depends)
Purchasing :	Cash/Credit (Depends)

GENERAL INFORMATION

Customers :

· Amar Ujala Publications Ltd

· Indian Glycols Ltd

· Rinac India Ltd

· Ingersol Rand Wadco Tools(P) Ltd

· Shri Nath Ji Trust

· Sabare International Ltd

· Alpla India (P) Ltd

· Gallant Ispat Ltd

· Railneer, Danapur

· Vikas Bharti School, Gorakpur

· ABC Export, Panipat

· Ambuja Cement

· S.K.N. Agriculture College, Jobner.

No. of Employees :

25 (Approximately)

Bankers :

· HDFC Bank, HDFC Bank House Senapati Bapat Marg, Lower Parel, Mumbai 400013, Maharashtra, India

Facilities :

Rs. In Millions

SECURED LOAN	31.03.2011	31.03.2010
HDFC-Car Loan	0.410	0.000
Total	0.410	0.000

UNSECURED LOAN	31.03.2011	31.03.2010
From Directors and Related parties
Rachna Nagpal	1.162	0.962
Mohan Lal Nagpal	0.000	0.100
Krishna Nagpal	0.850	0.850
Total	2.012	1.912

Banking Relations :	--
Auditors :
Name :	Manv and Associates Chartered Accountant
Address :	1649 1^st Floor, Main Bazar, Paharganj, Delhi 110055, India
Tel. No.:	91-11-23582743
Fax No.:	91-11-23582743
Pan No.: :	AARFM5645C

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Share	Rs.10/- each	Rs.1.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
99000	Equity Share	Rs.10/- each	Rs.0.990 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		0.990	0.990	0.990
2] Share Application Money		0.075	0.075	0.075
3] Reserves & Surplus		5.958	5.409	5.158
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		7.023	6.474	6.223
LOAN FUNDS
1] Secured Loans		0.410	0.000	0.000
2] Unsecured Loans		2.012	0.950	0.950
TOTAL BORROWING		2.422	0.950	0.950
DEFERRED TAX LIABILITIES		0.000	0.000	0.008
TOTAL		9.445	7.424	7.181
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.541	1.003	1.016
Capital work-in-progress		0.000	0.153	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.080	0.060	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3.138	2.420	9.632
	Sundry Debtors	4.358	3.628	4.389
	Cash & Bank Balances	0.854	1.256	2.223
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	3.078	4.840	2.633
Total Current Assets		11.428	12.144	18.877
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	4.418	5.718	12.213
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	0.186	0.218	0.500
Total Current Liabilities		4.604	5.936	12.713
Net Current Assets		6.824	6.208	6.164
MISCELLANEOUS EXPENSES		0.000	0.000	0.001
TOTAL		9.445	7.424	7.181

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income			90.677
		Other Income
		TOTAL	24.767	14.983	90.677
Less	EXPENSES
		Office Expenses
		Administrative Expenses	24.052	14.582	89.384
		Advertising Expenses
		TOTAL	24.052	21.794	89.384
	PROFIT BEFORE TAX (E-F)		0.715	0.401	1.293
Less	TAX		0.167	0.150	0.492
	PROFIT AFTER TAX (G-I)		0.548	0.251	0.801
	EARNINGS IN FOREIGN CURRENCY		0.050	0.000	N.A
	Earnings Per Share (Rs.)		5.54	2.54	N.A

Particulars	31.03.2012
Sales Turnover (Approximately)	50.000

Expected Sales (2012-13): Rs.80.000 millions (Business Expansion)

The above information has been parted by Mr. Mahesh Kumar.

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	2.21	1.68	0.88
Return on Total Assets (PBT/Total Assets}	(%)	5.11	3.05	6.50
Return on Investment (ROI) (PBT/Networth)		0.10	0.06	0.20
Debt Equity Ratio (Total Liability/Networth)		1.00	1.06	2.19
Current Ratio (Current Asset/Current Liability)		2.48	2.05	1.48

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	Yes
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%	Yes
Estimation for coming financial year	Yes
Capital the business	Yes
Details of sister concerns	No
Major Suppliers	No
Major Customers	Yes
Payment Terms	Yes
Export / Import Details [If Applicable]	Yes
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
PAN of Proprietor/Partner/Director, if available	No
Passport No of Proprietor/Partner/Director, if available	No
Voter ID No of Proprietor/Partner/Director, if available	No

Review of Operation:

The Company has achieved a turnover of Rs.24.767 Millions in current year and expecting good results in future.

NOTE:

Registered office of the company has been shifted from 24, 2^nd Floor, Deepak Building, 13 Nehru Place, New Delhi 110019, India to the present address w.e.f. 16.03.2011

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U72200DL1997PTC091201
Name of the company	MULTILINK COMPUTERS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	405, Eros Appartment, 56 Nehru Place, New Delhi 110019, India Email: info@multilink.in
This form is for	Creation of charge
Type of charge	· Book debts · Movable property (not being pledge) · Floating charge
Particular of charge holder	HDFC Bank, HDFC Bank House Senapati Bapat Marg, Lower Parel, Mumbai 400013, Maharashtra, India Email: RBBform8@hdfcbank.com
Nature of instrument creating charge	Letter of Hypothecation.
Date of instrument Creating the charge	04.05.2011
Amount secured by the charge	Rs. 5.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest Interest at the rate as may be communicated by the Bank from time to time. Terms of repayment On Demand. Margin Company shall at all times during the continuance of this security maintain the said debts of a sufficient amount to provide the margin of security as may from time to time advised by the Bank. Extent and operation of the charge Hypothecation by way of First Charge on Company's Stocks and Book Debts etc. to secure as a continuing security as mentioned in Column No.15 below for the repayment of Rs.5.000 millions, together with interest, costs, charges, expenses and other moneys due and payable by the Company to the Bank.
Short particulars of the property charged (Including location of the property)	i) Stock in Trade, consisting of raw materials, goods in process of manufacturing finished goods, and other merchandise whatsoever being movable properties ii) All the debts, that is, all the book debts, outstandings, monies receivables, claims, bills, invoice documents, contracts, guarantees, and rights

FIXED ASSETS:

· Air Conditioner

· Camera

· Car

· Computer

· Dvd Player

· Fax

· Furniture and Fixture

· Generator Set

· Inverter

· Led

· Locker

· Scanner

· Software

· Telephone Instruments

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.56.01
UK Pound	1	Rs.86.90
Euro	1	Rs.67.84

INFORMATION DETAILS

Information Gathered by :	SBA
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	4
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--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		32

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.