MIRA INFORM REPORT

1. Summary Information

		Country	India
Company Name	LUMINOUS TELEINFRA LIMITED	Principal Name 1	Mr. Madanlal Malhotra
Status	Moderate	Principal Name 2	Mr. Rakesh Malhotra
		Registration #	--
Street Address	C-8, C-9, C-Block, Community Centre, Near Janak Cinema , Janakpuri, New Delhi – 110058, Delhi
Established Date	29.04.2008	SIC Code	--
Telephone#	91-11-40778332	Business Style 1	The Subject is engaged in the business of providing infrastructure solutions
Fax #	91-11-25558912	Business Style 2	--
Homepage	--	Product Name 1	--
# of employees	50	Product Name 2	--
Paid up capital	Rs.144,000,000	Product Name 3	--
Shareholders	Luminous Power Technologies Private Limited-14399940	Banking	IDBI Bank Limited
Public Limited Corp.	--	Business Period	04 years
IPO	---	International Ins.	-
Public Enterprise	---	Rating	B (27)
Related Company
Relation Fellow Subsidiaries	Country India	Company Name	Tritronics India Private Limited
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	695,081,000	Current Liabilities	794,586,000
Inventories	341,051,000	Long-term Liabilities	886,644,000
Fixed Assets	738,848,000	Other Liabilities	--
Deferred Assets	--	Total Liabilities	1,681,230,000
Invest& other Assets	47,601,000	Retained Earnings	--
		Net Worth	141,351,000
Total Assets	1,822,581,000	Total Liab. & Equity	1,822,581,000
Total Assets (Previous Year)	1,057,632,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	1,747,922,000	Net Profit	(82,809,000)
Sales(Previous yr)	599,574,000	Net Profit(Prev.yr)	1.687,000

MIRA INFORM REPORT

Report Date :

13.03.2012

IDENTIFICATION DETAILS

Name :	LUMINOUS TELEINFRA LIMITED

Registered Office :	C-8, C-9, C-Block, Community Centre, Near Janak Cinema , Janakpuri, New Delhi – 110058, Delhi

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	29.04.2008

Com. Reg. No.:	55-177383

Capital Investment / Paid-up Capital :	Rs.144.000 millions

CIN No.: [Company Identification No.]	U32204DL2008PLC177383

TAN No.: [Tax Deduction & Collection Account No.]	DELL03884G

PAN No.: [Permanent Account No.]	AABCL4552A

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	The Subject is engaged in the business of providing infrastructure solutions for telecommunication and other energy intensive applications.

No. of Employees :	50 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING

STATUS

PROPOSED CREDIT LINE

26-40

Capability to overcome financial difficulties seems comparatively below average.

Small

Maximum Credit Limit:	USD 565404

Status :	Moderate

Payment Behaviour :	Slow

Litigation :	Clear

Comments :	Subject is an established company having moderate track. There appears to be huge accumulated losses recorded by the company. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business on a secured 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 – April 1, 2010

Country Name

Previous Rating

(31.12.2009)

Current Rating

(01.04.2010)

India

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

INFORMATION PARTED BY

Name :	Mr. Rajeev Kapoor
Designation :	Finance Manager
Contact No.:	91-11-40778332

LOCATIONS

Registered Office :	C-8, C-9, C-Block, Community Centre, Near Janak Cinema , Janakpuri, New Delhi – 110058, Delhi, India
Tel. No.:	91-11-40778332 / 40778221
Fax No.:	91-11-25558912
E-Mail :	s.bala@luminousindia.com
Website :	http://www.luminousteleinfra.com
Area :	3000 Sq.ft. (Approximately)
Location :	Owned

Corporate Office :	Plot No. 301, 2nd Floor, Udyog Vihar Phase-2, Gurgaon. Haryana – 122016, India
Tel. No.:	91 124 4959200-01
Fax No.:	91 124 4959202

DIRECTORS

AS ON 25.06.2011

Name :	Mr. Madanlal Malhotra
Father’s / Husband’s Name:	Shri J.S. Malhotra
Designation :	Director
Address :	D-4/32, DLF Phase-1, Gurgaon, Haryana - 122002
Date of Birth/Age :	05.01.1934
Date of Appointment :	29.04.2008
Din :	01118507

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	U74899DL1991PTC045297	WATTMART POWER STORES PRIVATE LIMITED	Director	15/04/1992	15/04/1992	-	Active	NO
2	U51311DL1997PTC089764	SAR GLOBAL PRIVATE LIMITED	Director	19/09/1997	19/09/1997	-	Active	NO
3	U74899DL1988PTC032019	LUMINOUS POWER TECHNOLOGIES PRIVATE LIMITED	Director	01/01/1999	01/01/1999	03/06/2011	Active	NO
4	U55101DL1998PTC095486	SAR ADVENTURE TOURISM AND HOLIDAYS PRIVATE LIMITED	Director	01/09/1999	01/09/1999	-	Active	NO
5	U72100DL1997PTC089522	LETS Engineering and Technology Services Private Limited	Director	01/09/1999	01/09/1999	28/11/2011	Active	NO
6	U74899DL2000PLC105629	NOQSERVICE COM LIMITED	Director	10/05/2000	10/05/2000	-	Active	NO
7	U65910DL2003PTC119314	SAR CAPITAL PRIVATE LIMITED	Director	07/03/2003	07/03/2003	-	Active	NO
8	U51103DL2007PLC162453	LECTRIX MOTORS LIMITED	Director	23/04/2007	23/04/2007	-	Active	NO
9	U31908DL2007PTC170107	GALLOP ELECTRONICS PRIVATE LIMITED	Director	02/11/2007	02/11/2007	-	Active	NO
10	U72300DL2007PTC170162	ADROIT INFOSOFT PRIVATE LIMITED	Director	05/11/2007	05/11/2007	-	Active	NO
11	U32204DL2008PLC177383	LUMINOUS TELEINFRA LIMITED.	Director	29/04/2008	29/04/2008	12/08/2011	Active	NO
12	U74999HR2009PTC043460	LTI Vapel Power Supply Private Limited	Director	17/07/2009	17/07/2009	28/02/2011	Active	NO
13	U74900DL2009PTC196480	Ncubate Logistic & Warehousing Private Limited	Director	01/12/2009	01/12/2009	-	Active	NO
14	U64200DL2010PTC198278	WORLD ONE SOLUTIONS PRIVATE LIMITED	Director	21/01/2010	21/01/2010	12/05/2010	Active	NO
15	U31104UP2006PLC032149	HYUNDAI POWER PRODUCTS LIMITED	Additional director	17/02/2010	17/02/2010	12/08/2011	Active	NO
16	U67190DL2010PTC201906	DOO HOLDINGS PRIVATE LIMITED	Director	23/04/2010	23/04/2010	-	Active	NO
17	U74900DL2011PTC219688	LUMINOUS MOBILE ACCESSORIES PRIVATE LIMITED	Director	23/05/2011	23/05/2011	-	Active	NO
18	U41000DL2011PTC219758	LUMINOUS WATER TECHNOLOGIES PRIVATE LIMITED	Director	24/05/2011	24/05/2011	-	Active	NO
19	U74120DL2011PTC222033	Wynncom Digital Devices Private Limited	Director	06/07/2011	06/07/2011	-	Active	NO
20	U64204DL2011PTC222032	Fly Mobiles Private Limited	Director	06/07/2011	06/07/2011	-	Active	NO
21	U93000DL2011PTC222104	NCUBATE INDIA SERVICES PRIVATE LIMITED	Director	08/07/2011	08/07/2011	-	Active	NO

Name :	Mr. Rakesh Malhotra
Father’s / Husband’s Name:	Shri M.L.Malhotra
Designation :	Director
Address :	D-4/32, DLF Phase-1, Gurgaon, Haryana - 122002
Date of Birth/Age :	09.06.1962
Qualification :	B.E.
Date of Appointment :	29.04.2008
Din :	00322648

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	U74899DL1988PTC032019	LUMINOUS POWER TECHNOLOGIES PRIVATE LIMITED	Director	30/05/2011	28/03/2001	-	Active	NO
2	U72100DL1997PTC089522	LETS Engineering and Technology Services Private Limited	Director	30/09/2003	30/09/2003	28/11/2011	Active	NO
3	U74899DL1991PTC045438	SAVOIR FAIRE SERVICES PRIVATE LIMITED	Director	28/12/2006	28/12/2006	-	Active	NO
4	U51103DL2007PLC162453	LECTRIX MOTORS LIMITED	Director	23/04/2007	23/04/2007	-	Active	NO
5	U32204DL2008PLC177383	LUMINOUS TELEINFRA LIMITED.	Director	29/04/2008	29/04/2008	12/08/2011	Active	NO
6	U45200DL2008PTC178058	Telenergy Technologies Private Limited	Director	13/05/2008	13/05/2008	-	Active	NO
7	U74999HR2009PTC043460	LTI Vapel Power Supply Private Limited	Director	17/07/2009	17/07/2009	28/02/2011	Active	NO
8	U74900DL2009PTC196480	Ncubate Logistic & Warehousing Private Limited	Director	01/12/2009	01/12/2009	-	Active	NO
9	U64200DL2010PTC198278	WORLD ONE SOLUTIONS PRIVATE LIMITED	Director	21/01/2010	21/01/2010	12/05/2010	Active	NO
10	U67190DL2010PTC201906	DOO HOLDINGS PRIVATE LIMITED	Director	23/04/2010	23/04/2010	-	Active	NO
11	U74900DL2011PTC219688	LUMINOUS MOBILE ACCESSORIES PRIVATE LIMITED	Director	23/05/2011	23/05/2011	-	Active	NO
12	U41000DL2011PTC219758	LUMINOUS WATER TECHNOLOGIES PRIVATE LIMITED	Director	24/05/2011	24/05/2011	-	Active	NO
13	U74120DL2011PTC222033	Wynncom Digital Devices Private Limited	Director	06/07/2011	06/07/2011	-	Active	NO
14	U64204DL2011PTC222032	Fly Mobiles Private Limited	Director	06/07/2011	06/07/2011	-	Active	NO
15	U93000DL2011PTC222104	NCUBATE INDIA SERVICES PRIVATE LIMITED	Director	08/07/2011	08/07/2011	-	Active	NO
16	U74900DL2011PTC229081	Navitas Green Power Private Limited	Director	21/12/2011	21/12/2011	-	Active	NO
17	U74999DL2012PTC229974	Mediant Digital Private Limited	Director	14/01/2012	14/01/2012	-	Active	NO
18	U52201DL2012PTC230308	Gourmante Fine Foods India Private Limited	Director	20/01/2012	20/01/2012	-	Active	NO

Name :	Mr. Navneet Kappor
Designation :	Director
Address :	B-311, Panchwadi Apartments, Vikas Puri, New Delhi – 110018, Delhi, India
Date of Birth/Age :	05.10.1970
Qualification :	B.E.
Date of Appointment :	29.04.2008
Din :	00034357

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	U72200DL1992PTC048438	LUMINIOUS ELECTRONICS Private LIMITED	Managing director	23/04/1992	23/04/1992	-	Amalgamated	NO
2	U74899DL2000PLC105629	NOQSERVICE COM LIMITED	Director	10/05/2000	10/05/2000	-	Active	NO
3	U31104UP2006PLC032149	HYUNDAI POWER PRODUCTS LIMITED	Director	12/08/2011	14/07/2006	-	Active	NO
4	U72100DL1997PTC089522	LETS Engineering and Technology Services Private Limited	Director	16/11/2006	16/11/2006	28/11/2011	Active	NO
5	U74899DL1988PTC032019	LUMINOUS POWER TECHNOLOGIES PRIVATE LIMITED	Director	30/05/2011	09/07/2007	-	Active	NO
6	U32204DL2008PLC177383	LUMINOUS TELEINFRA LIMITED.	Director	29/04/2008	29/04/2008	-	Active	NO
7	U74999HR2009PTC043460	LTI Vapel Power Supply Private Limited	Director	17/07/2009	17/07/2009	28/02/2011	Active	NO
8	U74900DL2009PTC196480	Ncubate Logistic & Warehousing Private Limited	Director	01/12/2009	01/12/2009	-	Active	NO
9	U74900DL2011PTC219688	LUMINOUS MOBILE ACCESSORIES PRIVATE LIMITED	Additional director	09/08/2011	09/08/2011	-	Active	NO
10	U29307WB2007PTC112358	LUMINOUS RENEWABLE ENERGY SOLUTIONS PRIVATE LIMITED	Additional director	24/08/2011	24/08/2011	-	Active	NO
11	U41000DL2011PTC219758	LUMINOUS WATER TECHNOLOGIES PRIVATE LIMITED	Additional director	17/09/2011	17/09/2011	-	Active	NO
12	U64204DL2011PTC222032	Fly Mobiles Private Limited	Additional director	10/10/2011	10/10/2011	-	Active	NO
13	U93000DL2011PTC222104	NCUBATE INDIA SERVICES PRIVATE LIMITED	Additional director	10/10/2011	10/10/2011	-	Active	NO
14	U74120DL2011PTC222033	Wynncom Digital Devices Private Limited	Additional director	10/10/2011	10/10/2011	-	Active	NO
15	U74900DL2011PTC229081	Navitas Green Power Private Limited	Director	21/12/2011	21/12/2011	-	Active	NO
16	U74999DL2012PTC229974	Mediant Digital Private Limited	Director	14/01/2012	14/01/2012	-	Active	NO
17	U52201DL2012PTC230308	Gourmante Fine Foods India Private Limited	Director	20/01/2012	20/01/2012	-	Active	NO

Name :	Mr. Virendra Kumar Garg
Designation :	Director
Address :	A-119, Shivalik New Delhi-110017, New Delhi, India
Date of Birth/Age :	06.02.1942
Date of Appointment :	21.07.2008
Din :	02253184

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	U32204DL2008PLC177383	LUMINOUS TELEINFRA LIMITED.	Director	21/07/2008	21/07/2008	12/08/2011	Active	NO
2	U74999DL2000PTC103525	NIKOM INFRASOLUTIONS PRIVATE LIMITED	Director	01/08/2011	01/08/2011	-	Active	NO

Name :	Mr. Paresh C. Pradhan
Designation :	Whole-time Director
Address :	Flat No.612, Plot no. 5, Sector – 9, WTPBE Apartments, Dwarka, New Delhi-110045, Delhi, India
Date of Birth/Age :	20.05.1967
Qualification :	Electronic Engineer
Date of Appointment :	21.07.2008
Din :	02259057

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	U32204DL2008PLC177383	LUMINOUS TELEINFRA LIMITED.	Whole-time director	03/01/2009	21/07/2008	-	Active	NO
2	U74899DL1993PTC054419	TRITRONICS INDIA PRIVATE LIMITED	Director	01/10/2010	18/03/2010	30/06/2011	Active	NO
3	U29307WB2007PTC112358	LUMINOUS RENEWABLE ENERGY SOLUTIONS PRIVATE LIMITED	Additional director	18/03/2010	18/03/2010	24/08/2011	Active	NO

Name :	Mr. Chandrmohan N. Navalekar
Designation :	Director
Address :	F-1-212, Jumbo Darshan, Andheri (East), Mumbai – 400069, Maharashtra, India
Date of Birth/Age :	05.06.1944
Qualification :	Master Degree in Instrumentation Control Computers
Date of Appointment :	21.07.2008
Din :	02259125

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	U32204DL2008PLC177383	LUMINOUS TELEINFRA LIMITED.	Director	21/07/2008	21/07/2008	12/08/2011	Active	NO

Name :	Mr. Dirk Walter Stefan Uhlemann
Designation :	Additional Director
Address :	Jorg Tomlinger Strasse 23A, 82152, Planegg Tyskland, Germany - 82152
Date of Birth/Age :	14.06.1962
Date of Appointment :	04.10.2008
Din :	02366931

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	U32204DL2008PLC177383	LUMINOUS TELEINFRA LIMITED.	Additional director	04/10/2008	04/10/2008	12/08/2011	Active	NO

Name :	Mr. Pawan Kumar Gupta
Designation :	Additional Director
Address :	1006, Urvashi-I, Amrapali Royal, 2B, vaibhav Khand, Indirapuram, Ghaziabad – 201010, Uttar Pradesh, India
Date of Birth/Age :	10.09.1948
Date of Appointment :	05.03.2009
Din :	00603676

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	U10200WB1906GOI001713	NATIONAL INSURANCE CO LTD	Nominee director	01/08/2006	01/08/2006	30/09/2008	Active	NO
2	U91110MH1928GAP001391	INDIAN INSTITUTE OF BANKING AND FINANCE	Nominee director	10/11/2006	10/11/2006	27/01/2009	Active	NO
3	U67190MH2008PLC181062	India SME Asset Reconstruction Company Limited	Nominee director	20/10/2008	20/10/2008	01/10/2009	Active	NO
4	U74140WB2008PLC130221	S K GLOBAL SERVICES LIMITED	Director	03/02/2009	03/02/2009	-	Active	NO
5	U32204DL2008PLC177383	LUMINOUS TELEINFRA LIMITED.	Additional director	05/03/2009	05/03/2009	12/08/2011	Active	NO
6	U67120WB1951GOI020023	ALLBANK FINANCE LTD	Director	30/07/2009	30/07/2009	26/08/2011	Active	NO
7	U74900DL2007PLC167329	UV ASSET RECONSTRUCTION COMPANY LIMITED	Director	31/07/2010	01/10/2009	-	Active	NO
8	U66000WB2009PLC139864	S K INSURANCE BROKING LIMITED	Director	02/12/2009	02/12/2009	-	Active	NO
9	U65922DL1988PLC033856	PNB HOUSING FINANCE LIMITED	Director	09/12/2009	09/12/2009	-	Active	NO
10	L27109WB1968PLC027399	MSP STEEL & POWER LIMITED	Director	03/05/2010	03/05/2010	-	Active	NO
11	U24200MH1989PLC051018	ADVANCED ENZYME TECHNOLOGIES LIMITED	Director	18/08/2011	27/08/2010	-	Active	NO
12	U65991MH1992PLC069414	BARODA PIONEER ASSET MANAGEMENT COMPANY LIMITED	Additional director	16/01/2012	16/01/2012	-	Active	NO

Name :	Mr. Sharat Chandra
Designation :	Director
Address :	C-248, Defence colony, New Delhi – 110024, Delhi, India
Date of Birth/Age :	18-12-1959
Date of Appointment :	16-03-2011
Din :	03448194

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	U32107HR2010PTC041057	Purcell Systems India Private Limited	Director	23/12/2011	15/03/2011	-	Active	NO
2	U45200DL2008PTC178058	Telenergy Technologies Private Limited	Director	30/09/2011	16/03/2011	-	Active	NO
3	U32204DL2008PLC177383	LUMINOUS TELEINFRA LIMITED.	Additional director	16/03/2011	16/03/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 25.06.2011

Names of Shareholders		No. of Shares
Mr. Rakesh Malhotra		10
Mr. Madanlal Malhotra		10
Mrs. Nirupama Malhotra		10
Mr. Om Prakash Kapoor		10
Mrs. Laxmi Kapoor		10
Mr. Navneet Kapoor		10
Luminous Power Technologies Private Limited, Delhi		14399940
Total		14400000

FULLY CONVERTIBLE DEBENTURE AS ON 25.06.2011

Names of Allottes		No. of Shares
Luminous Power Technologies Private Limited, Delhi		160000
Total		160000

AS ON 25.06.2011

Category	Percentage
Bodies corporate	99.99
Directors or relatives of Directors	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :	The Subject is engaged in the business of providing infrastructure solutions for telecommunication and other energy intensive applications.

Terms :
Selling :	Cash / Credit (30 days / 60 days / 90 days)

Purchasing :	Cash / Credit (30 days / 60 days / 90 days)

PRODUCTION STATUS AS ON 31.03.2011

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
EMBU	Nos	1200	300	65
Transformers	Nos	1000000	670000	494158
Battery	Nos	1200000	462000	182875
Diesel Generator	Nos	10000	3400	57

GENERAL INFORMATION

Customers :

End Users and OEM’s

No. of Employees :

50 (Approximately)

Bankers :

IDBI Bank Limited, Indian Red Cross Society Building, 1, Red Cross Road, New Delhi-110001, Delhi, India

Facilities :

Cash Credit – Rs.600.000 million

SECURED LOAN	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Rupee term loans banks secured	410.398	416.871
Working capital loans banks secured	213.498	33.416
Loans taken for vehicles secured	1.385	2.665
TOTAL	625.281	452.952

UNSECURED LOAN	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Fully convertible debentures unsecured	160.000	160.000
Other debt unsecured	101.363	27.220
TOTAL	261.363	187.220

Banking Relations :	--

Auditors :
Name :	Walkar Chandiok and Company Chartered Accountant
Address :	L41, Connaught Circus, New Delhi-110001, Delhi, India
Tel. No.:	91-11-42787070
Fax No.:	91-11-42787071
E-Mail :	newdelhi@wcgt.in
PAN No.:	AAAFW4298E

Holding company:	Luminous Power Technologies Private Limited

Fellow Subsidiaries :	· Tritronics India Private Limited, India · Labh Holdings Private Limited, India · Luminous Power Technologies (Hk) Limited, Hong kong · Lang Ming Power Technologies (Shenzen) Limited, China · Hyundai Power Products Limited, India · Luminous Renewable Energy Solutions Private Limited, India

CAPITAL STRUCTURE

AS ON 01.08.2011

Authorised Capital :

No. of Shares	Type	Value	Amount

15,000,000	Equity Shares	Rs.10/-each	Rs.150.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

14,400,000	Equity Shares	Rs.10/-each	Rs.144.000 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.3.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		144.000	49.779	0.500
2] Share Application Money		87.337	94.221	143.629
3] Reserves & Surplus		0.000	0.00	0.000
4] (Accumulated Losses)		(89.986)	(4.541)	(5.472)
NETWORTH		141.351	139.459	138.657
LOAN FUNDS
1] Secured Loans		625.281	452.952	53.764
2] Unsecured Loans		261.363	187.220	80.000
TOTAL BORROWING		886.644	640.172	133.764
DEFERRED TAX LIABILITIES		0.000	0.000	0.000

TOTAL		1027.995	779.631	272.421

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		738.848	48.617	16.244
Capital work-in-progress		47.598	610.576	157.821

INVESTMENT		0.003	0.044	0.000
DEFERREX TAX ASSETS		0.000	2.635	3.150

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	341.051	72.526	0.209
	Sundry Debtors	507.141	210.102	61.769
	Cash & Bank Balances	107.534	50.142	78.686
	Other Current Assets	0.871	6.672	2.262
	Loans & Advances	79.535	56.318	16.532
Total Current Assets		1036.132	395.760	159.458
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	700.268	172.999	48.488
	Other Current Liabilities	59.496	103.416	15.420
	Provisions	34.822	1.586	0.344
Total Current Liabilities		794.586	278.001	64.252
Net Current Assets		241.546	117.759	95.206

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		1027.995	779.631	272.421

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.3.2010	31.03.2009
	SALES
		Income	1747.922	599.574	67.728
		Other Income	6.439	2.398	0.968
		TOTAL (A)	1754.361	601.972	68.696

Less	EXPENSES
		Consumption materials changes inventories	1280.281	329.760	43.054
		Manufacturing service costs	136.759	154.299	10.472
		Employee related expenses	141.812	56.433	9.998
		Administrative selling other expenses	112.249	44.824	12.688
		TOTAL (B)	1671.101	585.316	76.212

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		83.260	16.656	(7.516)

Less	FINANCIAL EXPENSES (D)		83.271	10.641	0.216

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(0.011)	6.015	(7.732)

Less/ Add	DEPRECIATION/ AMORTISATION (F)		82.798	4.328	0.679

	PROFIT/LOSS BEFORE TAX (E-F) (G)		(82.809)	1.687	(8.411)

Less	TAX (I)		0.000	0.000	(2.939)

	PROFIT/LOSS AFTER TAX (G-I) (J)		(82.809)	1.687	(5.472)

KEY RATIOS

PARTICULARS		31.03.2011	31.3.2010	31.03.2009
PAT / Total Income	(%)	(4.72)	0.28	(7.97)

Net Profit Margin (PBT/Sales)	(%)	(4.74)	0.28	(12.42)

Return on Total Assets (PBT/Total Assets}	(%)	(4.66)	0.38	(4.79)

Return on Investment (ROI) (PBT/Networth)		(0.59)	0.01	(0.06)

Debt Equity Ratio (Total Liability/Networth)		11.89	6.58	1.43

Current Ratio (Current Asset/Current Liability)		1.30	1.42	2.48

LOCAL AGENCY FURTHER INFORMATION

Bankers Charges Report as per Registry

Corporate identity number of the company	U32204DL2008PLC177383
Name of the company	Luminous Teleinfra Limited.
Address of the registered office or of the principal place of business in India of the company	C-8,C-9 C-Block, Community Centre, Near Janak Cinema, Janakpuri, New Delhi-110058, Delhi, India
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10145945
Type of charge	Immovable property Book debts Movable property (not being pledge) others
Particular of charge holder	IDBI Bank Limited, Indian Red Cross Society Building, 1, Red Cross Road, New Delhi-110001, Delhi, India Email – mv.adam@idbi.co.in
Nature of instrument creating charge	No Instrument was executed. A mortgage by deposit of title deeds by constructive delivery was created by the company in favor of IDBI Bank Ltd. thereby creating second charge on immovable assets of the company on pari-passu basis as security for working capital facilities of Rs.350.000 million (enhanced from Rs.250.000 million to Rs.600.000 million) together with interest etc. A copy of Declaration and Undertaking and confirmation letter attached..
Date of instrument Creating the charge	07.10.2010
Amount secured by the charge	Rs.600.000 million
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest - BBR plus 3.75% payable monthly Terms of Repayment - Payable on demand/due date Margin - 25% on stock and book-debts (up to 90 days) Extent and Operation of the charge - Second pari passu charge on the immovable assets of the company for due repayment of financial assistance aggregating Rs.600.000 million together with interest thereon, etc.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	1) Industrial Plot bearing No. 8, ad measuring 4000 sq. mtrs. in Industrial Area, Phase- 3, gagret, Tehsil -Amb, District Una, H. P. 2) All the pieces and parcels of lands ad measuring 11110.50 sq. mtrs. beariing khasra nos. 1883,1885/1, 1887/1 and 1887/2 situated at village Ramnagar, Tehsil -Amb, District Una, H. P. 3) Together with all buildings and structures thereon and all plant and machinery etc. 4) Entire current assets. 5) The whole of movable assets.
Date of instrument modifying the charge	08.09.2010
Particulars of the present modification	The additional working capital facilities of Rs.350.000 million (enhanced from Rs.250.000 million to Rs.600.000million) together with interest etc. is further secured by mortgage on Second pari pasu charge on the immovable assets of the company.

FIXED ASSETS :

Computers and Printers
Furniture and Fixture
Plant and Machinery
Office Equipments
Vehicles
Land Leasehold
Land Freehold
Softwares

AS PER WEB DETAILS

BOARD OF DIRECTORS

M.L. MALHOTRA, Chairman

A post graduate and retired I.A.S. officer having over 50 years of experience at senior level with the Government of India in India and abroad. His contributions are in the fields of General Management, Corporate Governance and Strategic Management.

RAKESH MALHOTRA, Founder Director

A graduate Engineer in Electronics and Communications with a career spanning over 25 years contributing to the fields of design, development and marketing of power conditioning and electronics products, telecom equipments and projects, corporate management, human resource development, financial management, venture negotiations and business leadership. He has prior work experience with Siemens, Nelco (a TATA Group company), and Mitsui.

NAVNEET KAPOOR, Founder Director

A graduate Engineer in Electronics and Communications with over 16 years of work experience. His vast experience lies in the field of Production Management, Project Management, Procurement Management, General Management, Strategic Management and Business Leadership.

PARESH PRADHAN, Director

A graduate Engineer in Electronics and Communication with a career spanning over 17 years in the field of product development, business development and project management in Telecommunications, IT and Power electronics. He has prior work experience with Thermax India.

C.N. NAVALEKAR, Director

A master degree in Instrumentation control computers technology from IIT, Mumbai with 38 years of rich experience in Power Electronics RandD and System Engineering. He has prior work experience with Emerson Network Power, TATA Electric and NELCO in various positions in RandD departments.

Dr. V.K. GARG, Director

A doctorate in the field of physics, radio communication and worked at IIT Delhi for his post doctorate research with over 38 years of rich experience in Telecommunication engineering, services and operations. He has prior work experience with SITA Telecommunications and Sprint RPG India.

DIRK UHLEMANN, Director

A graduate in Electronics and Communication Science with over 25 years professional experience in International Business Development and Corporate Management in Telecom and IT Industries. He has prior work experience with Ericson and P-21 in Germany in senior management positions.

P.K. GUPTA, Director

With over 38 years of work experience behind him, PK Gupta holds a Masters Degree in Commerce and LLB. He has headed major Indian Banks such as Corporation Bank, Punjab National Bank, Punjab and Sind Bank. He was also the Chairman and Managing Director of National Housing Bank and Union Bank of India. He has also served as a member of various Banking Institutions and Committees set up by the Government of India.

KEY MANAGEMENT

RAKESH MALHOTRA, Founder Director and Group CEO

PARESH PRADHAN, Director and President

C.N. NAVALEKAR, Director and CTO

RAJEEV SINGH, Executive Director - SCM and Projects

A Post Graduate in Commerce with over 25 years rich experience in project management and supply chain management In Telecommunication and Real Estate infrastructure business. He has prior work experience with Gillette, HFCL and DLF.

RAJARSHI SEN, Executive Director - Renewable Solutions

A Graduate in Mechanical Engineering with over 26 years experience in the field of Industrial Batteries and Solar-Wind Hybrid systems. His previous employments include Exide and NTPC.

PRADEEP SHARMA, Vice President – Projects

A graduate engineer in Electronics with 22 years of rich experience. His work experience spans across Project Management with LG. and HFCL; O and M for HFCL, and LG; and Manufacturing and Plant Operations for companies such as LG, Northern Digital Exchange etc.

KIRAN KORALKAR, General Manager – R and D

A master degree in Instrumentation with over 12 Years of experience in design and development of Commercial, Industrial, Telecom and Railway grade Power Electronics systems. He has prior work experience with Powernetics (UK), DB Electronics and Ador.

About SAR GROUP

SAR Group started its operations in 1988 with revenues exceeding INR 5000.000 million in financial year 07-08. The business interests of the Group include power electronics, energy storage, renewable energy, engineering design and support services to electric tools. Besides LTI, the Group includes Luminous Power Technologies (P) Limited, Luminous Engineering and Technology Services (P) Limited and Lectrix Motors Limited.

It has 18 sales and service offices and over 600 service technicians spread across India.

The Group’s products are exported to 29 countries in Asia-Pacific, Middle East and Africa with their presence in the various parts of globe viz., Switzerland, Canada, USA, China, KSA, UAE and Africa.

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 :

Their 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.

Their 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.49.94
UK Pound	1	Rs.78.25
Euro	1	Rs.65.39

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	5
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	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		27

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.

MIRA INFORM REPORT

341.051

507.141

107.534

0.871

79.535

1036.132

700.268

59.496

34.822

794.586

241.546

(4.72)

(4.74)

(4.66)

(0.59)

11.89

1.30

Unit