MIRA INFORM REPORT

Report Date :

10.11.2012

IDENTIFICATION DETAILS

Name :	INP COMPUTER TECHNOLOGY PRIVATE LIMITED

Registered Office :	184/198, Somji Building, 1^st Floor No 4, Dr M. G. Mahimtura Marg, Mumbai-400004, Maharashtra

Country :	India

Financials (as on) :	31.03.2012

Date of Incorporation :	13.06.2011

Com. Reg. No.:	11-218556

Capital Investment / Paid-up Capital :	Rs. 0.100 Million

CIN No.: [Company Identification No.]	U72900MH2011PTC218556

TAN No.: [Tax Deduction & Collection Account No.]	MUMI10419D

PAN No.: [Permanent Account No.]	AACCI6328L

Legal Form :	Private Limited Liability Company

Line of Business :	Subject is trading of Hardware and Software related products and also providing information technology related services.

No. of Employees :	108 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 6000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Clear

Comments :	Subject is a relatively new established company having satisfactory track. Company has completed its one full year of business operation and achieved sizable turnover. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered for business dealings at usual trade terms and condition.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

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 PARTED BY

Name :	Mr. Manoj Keshav Dubey
Designation :	Director
Contact No.:	91-8980091586
Date :	09.11.2012

LOCATIONS

Registered Office :	184/198, Somji Building, 1^st Floor No 4, Dr M. G. Mahimtura Marg, Mumbai-400004, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-8980091586 (Mr. Manoj Keshav Dubey)
Fax No.:	Not Available
E-Mail :	manoj@inc.co.in cskmenu@gmail.com
Location :	Owned

Factory :	Panvel, Maharashtra, India

DIRECTORS

AS ON 12.12.2012

Name :	Mr. Abhishek Nandkishore Jaiswal
Designation :	Director
Address :	Shubhangan-3, B-92, Flat No.001, Poonam Sagar Complex, Mira Road (East), Mumbai-40110, Maharashtra, India
Date of Birth/Age :	13.09.1981
Date of Appointment :	01.03.2012
DIN No.:	03520026

Name :	Mr. Vikas Gopaldas Jaiswal
Designation :	Director
Address :	A-16, 302, Sector-2, Shanti Nagar Co-operative Housing Society, Mira Road (East), Mumbai-40110, Maharashtra, India
Date of Birth/Age :	07.10.1970
Date of Appointment :	13.06.2011
DIN No.:	03520082

Name :	Mr. Manoj Keshav Dubey
Designation :	Director
Address :	Flat No.101, sonam Annapurna Co-operative Housing Society Limited, Building No.3, Phase 7, New Golden Nest, Bhayander (East), Thane-401105, Maharashtra, India
Date of Birth/Age :	12.07.1977
Date of Appointment :	13.06.2011
DIN No.:	03520158

Name :	Ms. Alkaben Jayantibhai Modh
Designation :	Director
Address :	23, Pahelgav Bunglow, Premdip Co-operative Housing Society, Behind Permchand Nagar, Bodakdev, Ahmedabad-380015, Gujarat, India
Date of Birth/Age :	23.09.1956
Date of Appointment :	25.09.2012
DIN No.:	05199377

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 12.12.2012

Names of Shareholders	No. of Shares
Abhishek Nandkishore Jaiswal	1000
Vikas Gopaldas Jaiswal	3000
Manoj Keshav Dubey	3000
Alkaben Jayantibhai Modh	3000
TOTAL	10000

AS ON 12.12.2012

Equity Shares Break Up	Percentage of Holding
Directors or relatives of Directors	100.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :	Subject is trading of Hardware and Software related products and also providing information technology related services.

Terms :
Selling :	Cash, Credit

Purchasing :	Cash, Credit

GENERAL INFORMATION

Customers :

· Wholesalers

· Retailers

No. of Employees :

108 (Approximately)

Bankers :

· Saraswat Bank, Mumbai, Maharashtra, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2012
Loans From NBFC
Kotak Mahindra Prime Limited	0.619

TOTAL	0.619


Banking Relations :	--

Auditors :
Name :	B C Jain and Company Chartered Accountant
Address :	16/77 – A, Civil Lines, Kanpur-208001, Uttar Pradesh, India
PAN No.:	AACFB3622R

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

NOTES

Reconciliation of Shares

Particulars	As At 31^st March 2012
Equity Shares	Number	Rs. In Millions
Shares outstanding at the beginning of the year	10,000	--
Shares issued during the year	--	0.100
Shares bought back during the year	--	--
Shares outstanding at the end of the year	10,000	0.100

Details of shares held by each shareholder holding more than 5% of issued share capital

Name of Shareholders	As At 31^st March 2012
Name of Shareholders	Number	% of Holding
Mr. Abhishek Nandkishore Jaiswal	1000	10%
Mr. Vikas Gopaldas Jaiswal	3000	30%
Mr. Manoj Keshav Dubey	3000	30%
Ms. Alka Jayantibhai Modh	3000	30%
TOTAL	10000	100%

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012
SHAREHOLDERS FUNDS
1] Share Capital		0.100
2] Share Application Money		0.000
3] Reserves & Surplus		1.472
4] (Accumulated Losses)		0.000
NETWORTH		1.572
LOAN FUNDS
1] Secured Loans		0.619
2] Unsecured Loans		0.000
TOTAL BORROWING		0.619
DEFERRED TAX LIABILITIES		0.029

TOTAL		2.220

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		1.336
Capital work-in-progress		0.000

INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
Non-Current Assets		0.356

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.868
	Sundry Debtors	2.235
	Cash & Bank Balances	0.216
	Other Current Assets	0.000
	Loans & Advances	1.350
Total Current Assets		4.669
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3.261
	Other Current Liabilities	0.000
	Provisions	0.880
Total Current Liabilities		4.141
Net Current Assets		0.528

MISCELLANEOUS EXPENSES		0.000

TOTAL		2.220

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012
	SALES
		Income	40.051
		Other Income
		TOTAL	40.051

Less	EXPENSES
		Office Expenses	37.880
		Administrative Expenses
		Advertising Expenses
		TOTAL	37.880

	PROFIT / (LOSS) BEFORE TAX		2.171

Less	TAX		0.699

	PROFIT / (LOSS) AFTER TAX		1.472

	Earnings Per Share (Rs.)		14.72

Expected Sales (2012-2013) : Rs.150.000 Millions

The above information has been parted by Mr. Manoj Keshav Dubey.

KEY RATIOS

PARTICULARS		31.03.2012
PAT / Total Income	(%)	3.68

Return on Total Assets (PBT/Total Assets}	(%)	34.13

Return on Investment (ROI) (PBT/Networth)		1.38

Debt Equity Ratio (Total Liability/Networth)		3.05

Current Ratio (Current Asset/Current Liability)		1.13

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last one years	Yes
12]	Profitability for last one years	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
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 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

SUNDRY CREDITORS DETAILS

(Rs. In Millions)

Particulars			31.03.2012
Sundry Creditors			3.261

TOTAL			3.261

FUTURE OUTLOOKS AND PROSPECTUS

The Management is working out modalities to make subject one of the leading and top most players in the Information Technology business in an around Mumbai region.

COMPANY INFORMATION

Subject was incorporated in the year of 2011. Main business of company is trading of Hardware and Software related products. Company is also providing information technology related services.

FIXED ASSETS

· Motor Car

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. 54.34
UK Pound	1	Rs. 86.96
Euro	1	Rs. 69.42

INFORMATION DETAILS

Information Gathered by :	PJA

Report Prepared by :	DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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		42

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

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