MIRA INFORM REPORT

Report Date :

09.01.2013

IDENTIFICATION DETAILS

Name :	UNIFIED DATA- TECH SOLUTIONS PRIVATE LIMITED
Registered Office :	701, 7th Floor, Chintamani Avenue, Village Dindoshi, Off Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	08.05.2010
Com. Reg. No.:	11-202878
Capital Investment / Paid-up Capital :	Rs.0.500 Million
CIN No.: [Company Identification No.]	U51900MH2010PTC202878
TAN No.: [Tax Deduction & Collection Account No.]	MUMU06092C
PAN No.: [Permanent Account No.]	AABCU1716D
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Computer Hardware and Software.
No. of Employees :	15 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 5000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is relatively new company having moderate track record. There appears huge external borrowings recorded by the company. The company is still improving. However, 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.

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. Kaushik Sharma
Designation :	Account Department
Contact No.:	91-22-40726017
Date :	08.01.2013

LOCATIONS

Registered Office :	701, 7th Floor, Chintamani Avenue, Village Dindoshi, Off Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India
Tel. No.:	91-22-40157585 / 40726017 91-22-40726000 (Board Line)
Fax No.:	Not Available
E-Mail :	kaushik.sharma@udtechs.com hiren@udtechs.com amarish@udtechs.com amanish@udtechs.com
Website :	www.udtechs.com
Location :	Owned

DIRECTORS

As on 29.10.2011

Name :	Mr. Hiren Rajendra Mehta
Designation :	Director
Address :	A/202, Sangeeta Shreeniketan, S., V. Road, Kandivali (West), Mumbai – 400067, Maharashtra, India
Date of Birth/Age :	16.04.1978
Date of Appointment :	08.05.2010
DIN No.:	02972140
Name :	Mr. Amarish Sunderlal Shah
Designation :	Director
Address :	B-402, Building No.2, Kalpavruksh Garden, Maqhavir Nagar, Kandivali (West), Mumbai – 400067, Maharashtra, India
Date of Birth/Age :	24.09.1975
Date of Appointment :	08.05.2010
DIN No.:	02973308

KEY EXECUTIVES

Name :	Mr. Kaushik Sharma
Designation :	Account Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.10.2011

Names of Shareholders	No. of Shares
Hiren Rajendra Mehta	2500
Amarish Sunderlal Shah	2500
Total	5000

Equity Share Break up (Percentage of Total Equity)

As on 29.10.2011

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader of Computer Hardware and Software.
Terms :
Selling :	Credit
Purchasing :	Credit

GENERAL INFORMATION

Suppliers :

· P D Lite Limited

Customers :

Others (Corporate)

· Ingram Micro

· IBM

· HP

· Lenovo

· Vmware

· Citix

· Fortinet

· EMC

· Check point

· Symantec

· NetApp

No. of Employees :

15 (Approximately)

Bankers :

· HDFC Bank Limited, Kandivali Branch, Mumbai, Maharashtra, India

· Bank of India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2011
Car Loans (Secured by hypothecation of Vehicles)	1.418
Total	1.418
Unsecured Loan	As on 31.03.2011
From Directors	0.865
Total	0.865

Banking Relations :	--
Auditors :
Name :	Ajani and Associates Chartered Accountants
Address :	A-9, Gati Kunj, Alka Society, S J Road, Siddhpur – 384151, Gujarat, India
E-Mail :	ajani.associates@gmail.com
PAN No.:	AGIPA8278J

CAPITAL STRUCTURE

As on: 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
5000	Equity Shares	Rs.100/- each	Rs.0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5000	Equity Shares	Rs.100/- each	Rs.0.500 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		0.500
2] Share Application Money		0.000
3] Reserves & Surplus		0.777
4] (Accumulated Losses)		0.000
NETWORTH		1.277
LOAN FUNDS
1] Secured Loans		1.418
2] Unsecured Loans		0.865
TOTAL BORROWING		2.283
DEFERRED TAX LIABILITIES		0.000
TOTAL		3.560
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.977
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	20.093
	Sundry Debtors	6.168
	Cash & Bank Balances	15.161
	Other Current Assets	1.070
	Loans & Advances	0.912
Total Current Assets		43.404
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	31.748
	Other Current Liabilities	9.783
	Provisions	0.337
Total Current Liabilities		41.868
Net Current Assets		1.536
MISCELLANEOUS EXPENSES		0.047
TOTAL		3.560

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011
	SALES
		Sales Turnover	54.585 (Approximately)
		Other Income	NA
		TOTAL	NA
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	NA
	PROFIT BEFORE TAX		1.114
Less	TAX		0.337
	PROFIT AFTER TAX		0.777
	Earnings Per Share (Rs.)		155.40

Particulars	31.03.2012
Sales Turnover (Approximately)	291.881

The above information has been parted by Mr. Kaushik Sharma

KEY RATIOS

PARTICULARS		31.03.2011
Return on Total Assets (PBT/Total Assets}	(%)	2.45
Return on Investment (ROI) (PBT/Networth)		0.87
Debt Equity Ratio (Total Liability/Networth)		34.57
Current Ratio (Current Asset/Current Liability)		1.04

.

LOCAL AGENCY FURTHER INFORMATION

DETAILS OF SUNDRY CREDITORS

(Rs. In millions)

PARTICULARS	31.03.2011
Sundry Creditors	31.748
Total	31.748

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 two years	Yes
12]	Profitability for last one years	No
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	Yes
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	No
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

NOTE:

The registered office address of the company has been shifted from “A/202, Sangeeta Shreeniketan, S. V. Road, Kandivali (West), Mumbai – 400067, Maharashtra, India” to “C-3095, Oberoi Garden Estate, Chandivali, Off Saki Vihar Road, Andheri (East), Mumbai – 400072, Maharashtra, India” w.e.f. 24.05.2010

REVIEW OF OPERATION:

During the period the Company has earned Profit before Tax of Rs.1.114 Millions After making provision for Tax of Rs. 0.337 Million, the Profit of Rs. 0.777 Million is proposed to be carried forward to the Balance Sheet.

TRADE REFERENCES:

· P D Lite Limited

· Ingram Micro

FIXED ASSETS:

· Computer

· Computer Software

· 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 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.55.33
UK Pound	1	Rs.89.05
Euro	1	Rs.72.57

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	BSN / VRN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
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	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.