MIRA INFORM REPORT

Report Date :

10.10.2012

IDENTIFICATION DETAILS

Name :	TEKNOBYTE INDIA PRIVATE LIMITED
Registered Office :	Plot No. 10, Sector – 4, Pocket – D, DSIDC Industrial Estate , Bawana, New Delhi - 110039
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	17.11.1997
Com. Reg. No.:	55-090697
Capital Investment/ Paid-up Capital:	Rs. 2.476 Millions
CIN No.: [Company Identification No.]	U80903DL1997PTC090697
TAN No.: [Tax Deduction & Collection Account No.]	DELT04746A
PAN No.: [Permanent Account No.]	AABCT3678F
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of a comprehensive array of Pet Perform, Pet Bottles, Pet Plastic Bottles, Plastic Water Bottle and Cosmetic Bottle.
No. of Employees:	110 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 38000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Profitability of the company appears to be low. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.

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

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. Jitendra Agarwal
Designation :	Director
Contact No.:	91-9999799800
Date :	09.10.2012

LOCATIONS

Registered Office/ Factory :	Plot No. 10, Sector – 4, Pocket – D, DSIDC Industrial Estate , Bawana, New Delhi -110039, India
Tel. No.:	91-11-31303668/ 27761933
Mobile No.:	91-9999799800 (Mr. Jitendra Agarwal)
Fax No.:	91-11-27761933
E-Mail :	kapoorgarg.cs@gmail.com
Location :	Owned

DIRECTORS

As on 30.09.2010

Name :

Mr. Jitendra Agarwal

Designation :

Director

Address :

A -2, New Town Apartment, Sector – 14, Rohini, New Delhi – 110085, India

Date of Birth/Age :

27.12.1973

Date of Appointment :

17.11.1997

DIN NO:

00040494

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	U74899DL1995PLC064480	BHAN GARHIA CREDIT AND SECURITIES LIMITED	Director	18/01/1995	18/01/1995	-	Active	NO
2	U17112HR1997PLC033742	SUMA FIBRES AND ALLIES LIMITED	Director	13/10/1997	13/10/1997	15/06/2007	Active	NO
3	U80903DL1997PTC090697	TEKNOBYTE INDIA PRIVATE LIMITED	Director	17/11/1997	17/11/1997	-	Active	NO
4	U45201DL2005PTC141101	KAILASH BUILDTECH PRIVATE LIMITED	Director	23/09/2005	23/09/2005	28/02/2009	Active	NO
5	U70109DL2006PTC151989	NDR PROMOTERS PRIVATE LIMITED	Additional director	15/10/2007	15/10/2007	15/03/2010	Active	YES

Name :

Mr. Kailash Chandra Agarwal

Designation :

Director

Address :

Babul - 213-214, Vikas Nagar, Bhiwani -127021, Haryana, India

Date of Birth/Age :

06.01.1948

Date of Appointment :

22.09.2009

DIN NO:

00040078

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	U27141DL1989PLC035887	HARYANA FOILS LIMITED	Director	16/12/2006	13/04/1989	15/03/2008	Active	NO
2	U45201DL2005PTC141101	KAILASH BUILDTECH PRIVATE LIMITED	Director	23/09/2005	23/09/2005	-	Active	NO
3	U74899DL1995PLC064480	BHAN GARHIA CREDIT AND SECURITIES LIMITED	Director	28/09/2007	20/10/2006	-	Active	NO
4	U80903DL1997PTC090697	TEKNOBYTE INDIA PRIVATE LIMITED	Director	22/09/2009	16/03/2009	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Jitendra Kumar Agarwal	72520
Pawan Kumar Aggarwal	500
Meenakshi Aggarwal	53110
Shantilal Baid	6000
Jai Prakash Aggarwal	600
Kailash Chandra Agarwal	79000
Sushila Agarwal	34900
Sunil Kumar Aggarwal	1000
Total	247630

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2010

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of a comprehensive array of Pet Perform, Pet Bottles, Pet Plastic Bottles, Plastic Water Bottle and Cosmetic Bottle.
Products :	Pet Perform Pet Bottle Plastic Bottles Plastic Performs Pet Bottle and Perform Plastic CSD Closures Plastic Closures Soft-Drink Bottle Plastic Pet Bottles Transparent Pet Bottles Colored Plastic Perform Pet Containers Pet Jars And Pharmaceutical Pet Bottles Drinking Bottle
Exports :
Products :	Pet Perform Pet Bottles Drinking Bottle
Countries :	Africa Arab
Terms :
Selling :	L/C and Credit
Purchasing :	Cash

GENERAL INFORMATION

Customers :

Manufacturer, Retailers and OEM’s

No. of Employees :

110 (Approximately)

Bankers :

• Bank of Baroda, Shalimar Bagh, Delhi- 110088, India
• HDFC Bank
• ICICI Bank
• Kotak Mahindra Bank

Facilities :

Secured Loans	31.03.2011 Rs. in Millions	31.03.2010 Rs. in Millions
HDFC Car Loan	0.953	0.956
ICICI Bank	1.184	1.446
GE Money	14.111	0.000
Kotak Mahindra Loan	0.000	15.063
Total	16.248	17.465
Unsecured Loans	31.03.2011 Rs. in Millions	31.03.2010 Rs. in Millions
Jitendra Aggarwal	0.350	0.350
Meenakshi Aggarwal	0.000	0.200
Total	0.350	0.550

Banking Relations :	--
Auditors :
Name :	Mittal and Mittal Associates Chartered Accountants
Address :	205, Mohan Tower, Wazirpur Community Centre, Ring Road, Delhi – 110052, India
Tel. No.:	91-11-27374685/ 86
Fax No.:	91-11-27374685
E-Mail :	mittalsushilca@rediffmail.com
PAN No.:	AABFM9071A

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Shares	Rs. 10/- Each	Rs. 2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
247630	Equity Shares	Rs. 10/- Each	Rs. 2.476 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		2.476	2.476	2.476
2] Share Application Money		0.660	0.000	0.000
3] Reserves & Surplus		6.475	6.339	6.196
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		9.611	8.815	8.672
LOAN FUNDS
1] Secured Loans		16.248	17.465	0.916
2] Unsecured Loans		0.350	0.550	0.200
TOTAL BORROWING		16.598	18.015	1.116
DEFERRED TAX LIABILITIES		0.097	0.097	0.098
TOTAL		26.306	26.927	9.886
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		17.849	16.342	14.069
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	2.500
DEFERREX TAX ASSETS		0.201	0.115	0.036
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3.894	6.223	3.803
	Sundry Debtors	6.059	11.024	1.158
	Cash & Bank Balances	0.248	0.938	0.396
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	1.739	4.991	1.204
Total Current Assets		11.940	23.176	6.561
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1.839	12.413	1.479
	Other Current Liabilities	1.353	0.231	11.710
	Provisions	0.492	0.062	0.091
Total Current Liabilities		3.684	12.706	13.280
Net Current Assets		8.256	10.470	(6.719)
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		26.306	26.927	9.886

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income from operation	56.329	134.357	16.386
		Other Income	3.900	0.087	0.136
		Profit on sale of fixed assets	0.047	0.130
		TOTAL (A)	60.276	134.574	16.522
Less	EXPENSES
		Material Purchased	47.939	127.186	9.986
		Manufacturing, Administration And Selling Expenses	3.256	3.340	0.703
		Personnel Expenses	1.086	1.060	0.690
		Increase/(Decrease) in Finished Goods	2.329	(2.420)	3.243
		TOTAL (B)	54.610	129.166	14.622
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		5.666	5.408	1.900
Less	FINANCIAL EXPENSES (D)		2.593	2.968	0.936
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		3.073	2.440	0.964
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.933	2.333	0.784
	PROFIT BEFORE TAX (E-F) (G)		0.140	0.107	0.180
Less	TAX (H)		(0.019)	(0.037)	0.147
	PROFIT AFTER TAX (G-H) (I)		0.159	0.144	0.033
Less	Prior Period Item		0.025	0.000	0.000
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.420	0.276	0.243
	BALANCE CARRIED TO THE B/S		0.554	0.420	0.276
	Earnings Per Share (Rs.)		0.06	0.05	0.13

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.26	0.10	0.20
Net Profit Margin (PBT/Sales)	(%)	0.24	0.07	1.10
Return on Total Assets (PBT/Total Assets}	(%)	0.46	0.27	0.87
Return on Investment (ROI) (PBT/Networth)		0.01	0.01	0.02
Debt Equity Ratio (Total Liability/Networth)		2.11	3.48	1.66
Current Ratio (Current Asset/Current Liability)		3.24	1.82	0.49

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 three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
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)	Yes
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

OPERATION:

During the year the Company has incurred a profit of Rs. 0.159 Million (previous year profit of Rs. 0.144 Million)

FIXED ASSETS:

• Bawana Plot
• Building
• Car (Honda IVTE)
• Car (Honda)
• Scorpio
• Car (Skoda Superb)
• Scooter Eterno
• Air Conditioners
• Plant and Machinery
• Computer
• Fire Extinguisher
• Generator
• Weight Scale
• Cycle
• Mobile Phone

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.52.38
UK Pound	1	Rs.84.00
Euro	1	Rs.67.99

INFORMATION DETAILS

Information Gathered by :	SLP
Report Prepared by :	VRN

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	3
--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		29

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	-

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.