MIRA INFORM REPORT

1. Summary Information

		Country	INDIA
Company Name	ADITYA INFOTECH LIMITED	Principal Name 1	MR. HARI SHANKAR KHEMKA
Status	SATISFACTORY	Principal Name 2	MR. ADITYA KHEMKA
		Registration #	55-066784
Street Address	KHEMKA CENTER, 2-5 DDA BUILDING, NEHRU PLACE, NEW DELHI-110 019, DELHI, INDIA
Established Date	27.03.1995	SIC Code	--
Telephone#	91-11-26223810	Business Style 1	SUPPLIER
Fax #	91-11-26227979	Business Style 2	DISTRIBUTOR
Homepage	www.adityagroup.com	Product Name 1	SOFTWARE
# of employees	-	Product Name 2	SECURITY PRODUCTS
Paid up capital	Rs. 25,000,000/-	Product Name 3	GRAPHIC CARDS
Shareholders	Directors or relatives of directors - 87.53% Other top fifty shareholders – 12.47%	Banking	TAMILNAD MERCANTILE BANK LIMITED
Public Limited Corp.	NO	Business Period	18 YEARS
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	Ba (45)
Related Company
Relation	Country	Company Name	CEO
Related Party	India	Aditya Promoters Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	569,095,000	Current Liabilities	558,181,000
Inventories	143,896,000	Long-term Liabilities	89,190,000
Fixed Assets	111,447,000	Other Liabilities	36,952,000
Deferred Assets	0,000	Total Liabilities	684,323,000
Invest& other Assets	10,102,000	Retained Earnings	125,217,000
		Net Worth	150,217,000
Total Assets	834,540,000	Total Liab. & Equity	834,540,000
Total Assets (Previous Year)	561,587,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	2,196,130,000	Net Profit	58,986,000
Sales(Previous yr)	1,515,910,000	Net Profit(Prev.yr)	45,394,000

MIRA INFORM REPORT

Report Date :

12.01.2013

IDENTIFICATION DETAILS

Name :	ADITYA INFOTECH LIMITED

Formerly Known As :	PERFECT LUCKY GOLDSTAR INTERNATIONAL LIMITED

Registered Office :	Khemka Center, 2-5 DDA Building, Nehru Place, New Delhi-110 019, Delhi

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	27.03.1995

Com. Reg. No.:	55-066784

Capital Investment / Paid-up Capital :	Rs. 25.000 Millions

CIN No.: [Company Identification No.]	U74899DL1995PLC066784

PAN No.: [Permanent Account No.]	AABCA1601R

Legal Form :	A closely held public limited liability company.

Line of Business :	Distributor and supplier of all kinds of audio products, broadcasting products, video products, professional audio equipment, security equipment and IT products.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 600000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Clear

Comments :	Subject is an established company having a satisfactory track record. The Management has failed to file its financial for the year 2011- 2012 with the government department. As per previous year’s, the company performance capacity seems to be good. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitment. The company can be considered for normal 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.

ECGC Country Risk Classification List – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

India

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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	(CRISIL) BBB
Rating Explanation	Having Moderate degree of safety regarding timely servicing of financial obligation. It carry moderate credit risk.
Date	October 2012

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.

LOCATIONS

Registered Office :	Khemka Center, 2-5 DDA Building, Nehru Place, New Delhi-110019, Delhi, India
Tel. No.:	91-11-26223810/3811/26452211/2212
Fax No.:	91-11-26227979/26232212
E-Mail :	NAVEEN_JAIN@ADITYAGROUP.COM arvind_jain@adityagroup.com
Website :	www.adityagroup.com

Corporate Office :	Khemka Centre, 2- 5, Nehru Place, New Delhi- 110019, Delhi, India
Tel. No.:	91- 11- 46665666, 26223810/ 11
Fax No.:	91- 11- 26227979, 46665600
E-Mail :	sales@adityagroup.com

DIRECTORS

As on 30.09.2011

Name :	Mr. Hari Shanker Khemka
Designation :	Whole- time director
Address :	C- 29, Friends Colony, New Delhi- 110065, Delhi, India
Date of Birth/Age :	08.11.1953
Qualification :	B.SC.
Date of Appointment :	01.04.2012
PAN No.:	AAEPK8265B
DIN No.:	00514501

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	U74899DL1986PTC025459	ADITYA ECOLOGICAL PROJECTS PRIVATE LTD	Director	15/09/1986	15/09/1986	-	Active	NO
2	U74899DL1987PTC028206	ADITYA COLONIZERS PVT LTD	Director	04/06/1987	04/06/1987	-	Active	NO
3	U51495DL1987PLC028576	ADITYA PROMOTERS LIMITED.	Director	10/07/1987	10/07/1987	29/08/2011	Active	NO
4	U74899DL1995PLC066784	ADITYA INFOTECH LIMITED	Whole-time director	01/04/2012	27/03/1995	-	Active	NO
5	U72900DL2001PLC113103	INT INFOSOLUTION INDIA LIMITED	Director	09/11/2001	09/11/2001	-	Active	NO
6	U51909DL2009PTC188190	NSC INTERNATIONAL PRIVATE LIMITED	Director	05/03/2009	05/03/2009	-	Active	NO
7	U72900DL2012PTC238615	ARK INFOSOLUTIONS PRIVATE LIMITED	Director	10/07/2012	10/07/2012	-	Active	NO

Name :	Mr. Aditya Khemka
Designation :	Whole- time director
Address :	C- 29, Friends Colony, New Delhi- 110065, Delhi, India
Date of Birth/Age :	27.10.1974
Qualification :	B.Com, MBA
Date of Appointment :	01.04.2012
PAN No.:	AAEPK1216E
DIN No.:	00514552

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	U51495DL1987PLC028576	ADITYA PROMOTERS LIMITED.	Director	31/03/1993	31/03/1993	29/08/2011	Active	NO
2	U74899DL1995PLC066784	ADITYA INFOTECH LIMITED	Whole-time director	01/04/2012	27/03/1995	-	Active	NO
3	U72900DL2000PTC103575	ADITYA INFOSOLUTIONS PRIVATE LIMITED	Director	02/02/2000	02/02/2000	30/08/2011	Active	NO
4	U72900DL2001PLC113103	INT INFOSOLUTION INDIA LIMITED	Director	09/11/2001	09/11/2001	-	Active	NO
5	U74120HR2008PTC038655	Best Prins Ecotech Private Limited	Director	30/08/2011	17/09/2010	07/06/2012	Active	NO
6	U72900DL2011PTC217677	CP Plus India Private Limited	Director	18/04/2011	18/04/2011	-	Active	NO
7	U72900DL2012PTC238615	ARK INFOSOLUTIONS PRIVATE LIMITED	Director	10/07/2012	10/07/2012	-	Active	NO

Name :	Mr. Rishi Khemka
Designation :	Director
Address :	C- 29, Friends Colony, New Delhi- 110065, Delhi, India
Date of Birth/Age :	25.12.1976
Qualification :	B.Com, MBA
Date of Appointment :	01.04.2012
PAN No.:	AADPK4223E
DIN No.:	00514590

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	U72900DL2000PTC103575	ADITYA INFOSOLUTIONS PRIVATE LIMITED	Director	02/02/2000	02/02/2000	30/08/2011	Active	NO
2	U72900DL2001PLC113103	INT INFOSOLUTION INDIA LIMITED	Director	01/03/2005	01/03/2005	-	Active	NO
3	U74899DL1995PLC066784	ADITYA INFOTECH LIMITED	Whole-time director	01/04/2012	01/05/2005	-	Active	NO
4	U72900DL2011PTC217677	CP Plus India Private Limited	Director	18/04/2011	18/04/2011	-	Active	NO
5	U72900DL2012PTC238615	ARK INFOSOLUTIONS PRIVATE LIMITED	Director	10/07/2012	10/07/2012	-	Active	NO

Name :	Mr. Gaurav Khemka
Designation :	Director
Address :	C- 29, Friends Colony, New Delhi- 110065, Delhi, India
Date of Birth/Age :	25.07.1980
Qualification :	B.Com, MBA
Date of Appointment :	18.06.2005
PAN No.:	AEOPK4823M
DIN No.:	00514701

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	U74899DL1995PLC066784	ADITYA INFOTECH LIMITED	Director	18/06/2005	18/06/2005	-	Active	NO
2	U72900DL2000PTC103575	ADITYA INFOSOLUTIONS PRIVATE LIMITED	Director	07/12/2006	07/12/2006	30/08/2011	Active	NO
3	U51909DL2009PTC188190	NSC INTERNATIONAL PRIVATE LIMITED	Director	05/03/2009	05/03/2009	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As On 29.09.2010

Names of Shareholders	No. of Shares
Hari Shankar Khemka	252863
Anand Kumar Khemka (HUF)	97120
Govind Kumar Khemka (HUF)	135630
Aditya Khemka (HUF)	514
Urmila Khemka	103104
Rishi Khemka	250000
Indu Khemka	121816
Surendra Khemka (HUF)	59403
Anand Kumar Khemka	130164
Prabha Khemka	163807
Aruna Khemka	140000
Gaurav Khemka	250000
Surendra Khemka	193781
Parma Nand Khemka (HUF)	19033
Aditya Khemka	238169
Shradha Khemka	11317
Vikramaditya Khemka	7716
Govind Kumar Khemka	75563
Raghav Khemka	250000
Total	2500000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2010

Category	Percentage
Directors or relatives of Directors	87.53
Other top fifty shareholders	12.47
Total	100.00

BUSINESS DETAILS

Line of Business :	Distributor and supplier of all kinds of audio products, broadcasting products, video products, professional audio equipment, security equipment and IT products.

Products/ Services :	Software IT/ Video/ Audio Security

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Tamilnad Mercantile Bank Limited, 384- 390, First Floor, Lok Nath Building, Chandni Chowk, Delhi- 110006, Delhi, India

· Kotak Mahindra Bank Limited, 36- 38A, Nariman Bhavan, 227D, Nariman Point, Mumbai- 400021, Maharashtra, India

Facilities :

Secured Loan		Rs. In Millions 31.03.2011
Working Capital loans secured		10.315
Loans taken for vehicles secured		2.423
Loans taken for other fixed assets secured		39.709
Total		52.447

Secured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Cash Credit from Bank	5.411	22.334
Auto Loan from Banks	3.859	1.142
Property Loan from Bank	3.664	3.880

Total	12.934	27.356
Notes: - Cash credit and other facilities from Company’s Banker Tamilnad Mercantile Bank Limited are presently secured by hypothecation of goods and book debts arisen out of goods imported under LC-DA terms, stock in trade, equitable mortgage of 5 vacant Plots at Village Budhpur, Bijapur, Delhi 36, equitable mortgage of Land and Building at Noida and Mumbai and personal guarantee of Directors - Auto Loans are secured by way of hypothecation of vehicles. - Property Loan from Kotak Mahindra Bank Limited, is secured against hypothecation of property at Mumbai and Personal guarantee of Directors

Banking Relations :	--

Auditors :
Name :	M/s. D. P. Kapoor and Company Chartered Accountants
Address :	N- 52, Connaught Circus, Opp. Scindia House, New Delhi- 110001
Tel. No.:	91- 11- 23313201, 41523262
E-Mail :	dpkca@yahoo.com
PAN No.:	AACFD8687Q

Related Party :	· Aggarwal Textile Company · Aditya Ecological Projects Private Limited · Aditya Infosolutions Private Limited · Aditya Colonizers Private Limited · NSC International Limited · Trend Setter Promoters Private Limited · Newsprint Sales Corporation

Subsidiaries :	· Aditya Infotech (Hong Kong) Limited · CP Plus (FZE)

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount

5000000	Equity Shares	Rs.10/- each	Rs. 50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

2500000	Equity Shares	Rs.10/- each	Rs. 25.000 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		25.000	25.000	20.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		125.217	66.231	20.837
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		150.217	91.231	40.837
LOAN FUNDS
1] Secured Loans		52.447	12.934	27.356
2] Unsecured Loans		36.743	47.223	54.801
TOTAL BORROWING		89.190	60.157	82.157
DEFERRED TAX LIABILITIES		4.452	3.136	2.461

TOTAL		243.859	154.524	125.455

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		111.447	28.169	20.246
Capital work-in-progress		0.000	0.000	0.000

INVESTMENT		10.102	8.278	7.077
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	143.896	98.658	88.051
	Sundry Debtors	432.896	284.169	160.286
	Cash & Bank Balances	74.082	73.240	48.509
	Other Current Assets	0.000	24.281	0.000
	Loans & Advances	62.117	44.792	47.086
Total Current Assets		712.991	525.140	343.932
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	510.520	339.094	224.549
	Other Current Liabilities	47.661	44.284	15.076
	Provisions	32.500	23.685	6.175
Total Current Liabilities		590.681	407.063	245.800
Net Current Assets		122.310	118.077	98.132

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		243.859	154.524	125.455

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Sales and Services	2196.130	1515.910	1096.736
		Other Income	4.601	2.205	1.594
		TOTAL	2200.731	1518.115	1098.330

Less	EXPENSES
		Purchases and Direct Costs	--	1128.493	883.132
		Personnel Expenses	--	93.394	72.329
		Administrative Expenses	--	59.377	34.199
		Selling and Distribution Expenses	--	28.024	26.023
		Sale and Service Tax Paid	--	116.475	61.911
		Increase/(Decrease) in Finished Goods	1575.620	(10.606)	(22.515)
		Employee related expenses	113.678	--	--
		Administrative selling other expenses	394.990	--	--
		TOTAL	2084.288	1415.157	1055.079

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		116.443	102.958	43.251

Less	FINANCIAL EXPENSES		16.677	28.647	25.822

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		99.766	74.311	17.429

Less/ Add	DEPRECIATION/ AMORTISATION		6.107	4.346	3.355

	PROFIT BEFORE TAX, PRIOR PERIOD AND EXTRAORDINARY ITEMS		93.659	--	--

Less	PRIOR PERIOD ITEMS BEFORE TAX		0.764	--	--

	PROFIT BEFORE TAX		92.895	69.965	14.074

Less	TAX		33.909	24.571	6.424

	PROFIT AFTER TAX		58.986	45.394	7.650

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		66.231	20.837	13.187

	BALANCE CARRIED TO THE B/S		125.217	66.231	20.837

	IMPORTS
		Traded Goods	--	1064.809	779.060
	TOTAL IMPORTS		--	1064.809	779.060

	Earnings Per Share (Rs.)		23.59	18.16	3.06

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	2.68	2.99	0.70

Net Profit Margin (PBT/Sales)	(%)	4.23	4.62	1.28

Return on Total Assets (PBT/Total Assets}	(%)	11.27	12.64	3.86

Return on Investment (ROI) (PBT/Networth)		0.62	0.77	0.34

Debt Equity Ratio (Total Liability/Networth)		4.53	5.16	8.03

Current Ratio (Current Asset/Current Liability)		1.21	1.29	1.40

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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
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	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U74899DL1995PLC066784
Name of the company	ADITYA INFOTECH LIMITED
Address of the registered office or of the principal place of business in India of the company	Khemka Center, 2-5 DDA Building, Nehru Place, New Delhi-110 019, Delhi, India
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	80010136
Type of charge	Immovable property Book debts Movable property (not being pledge) Airway Bill/ Bill of Lading. Lorry/ Railway Receipts
Particular of charge holder	Tamilnad Mercantile Bank Limited,384,390, First Floor, Lok Nath Building, Gandhi Chowk, New Delhi- 110 006, Delhi, India
Nature of instrument creating charge	Agreement of cash credit and hypothecation of movable property dated 26.11.2012.. Letter of hypothecation of book debts dated 26.11.2012
Date of instrument Creating the charge	26.11.2012
Amount secured by the charge	Rs. 939.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest Base Rate + 1.75% (Presently 12.75 %) valid upto 31.12.2012 Terms of repayment Cash Credit – One Year FLC/ FCL/ BG For STTC(DP/ DA-180 days) – 1 Year Forward Contract – 1 Year Margin Cash Credit – 20% FLC/ FCL/ BG For STTC(DP/ DA-180 days) – 10% ILC(DP/DA- 180 days)/ IBG/ FBG – 10% Forward Contract – NIL Extent and operation of the charge As per Sanction letter attached
Short particulars of the property charged (Including location of the property)	Primary Security- On hypothecation of Stock-In-Trade of hardware and other computer peripherals etc. On lien over Airway Bill/Bill of Lading covering the goods imported under FLC - DP terms. On hypothecation of Stock and Book Debts arisen out of Goods imported under FLC DA terms/FCL/BG for STTC. On lien over lorry receipts/railway receipts covering the goods procured under ILC DP terms. On hypothecation of Stock and Book Debts arisen out of Goods procured under ILC DA terms. On hypothecation of goods imported/procured out of Bank Guarantee. Collateral Security- 1. On equitable mortgage of land and building at A-12, Sector-4, Noida Delhi standing in the name of Mls. Aditya lnfotech Limited 2. On equitable mortgage of commercial building at Unit Nos. 12 and 13, Janki Centre, Shah Industrial Estate, Off Veera Desai Road, Andheri West), Mumbai-400053 totally to an extend of 1377 sq. ft. standing in the name of M/s. Aditya lnfotech Limited Proposed Additional Security 1. On equitable mortgage of Land (proportionate Land) to an extent of 115.89 sq. mtr. and commercial building constructed there at to an extent of 1247.47 sq. ft In basement floor without roof right a part of commercial complex at Unit No. 1, Community Centre, Saket, New Delhi standing in the name of Trend Setter Promoters Private Limited valued Rs. 17.500 Millions As per Manager valuation dated 20.06.2008 and Rs. 17.615 Millions as per Engineer valuation dated 20.06.08. 2. On extension of equitable mortgage of Land and Building Situated at Gala No. 5m, Laxmi lndustrial Estate, New Link Road, Andheri (West), Mumbai-53, measuring carpet area 2156sq. ft. Built-up area 2695 sq. ft. standing in the name of M/s. Aditya Colonizers Private Limited
Whether any of the property or interest therein under reference is not registered in the name of the company	1) Trend Setter Promoters Private Limited 2) Aditya Colonizers Private Limited
Date of instrument modifying the charge	29.03.2012
Particulars of the present modification	The Credit Limits Sanctioned to M/s. Aditya Infotech is enhanced from Rs. 580.000 Millions to Rs. 9000.000 Millions and has the term loan limits of Rs. 39.000 Millions and the total amount to be enhanced to Rs. 939.000 Millions from Rs. 619.000 Millions.

FIXED ASSETS

Building
Office Equipments
Computers and Peripherals
Furniture and Fixture and Fittings
Generator
Vehicle

UNSECURED LOAN

Particulars		Rs. In Millions 31.03.2011
Loans directors unsecured		4.900
Other debt unsecured		31.843
Total		36.743

Particulars	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
From Director	8.431	12.673
From Banks / Others	1.568	16.803
From Inter Corporate Deposits	37.224	25.325
Total	47.223	54.801

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. 54.54
UK Pound	1	Rs. 88.05
Euro	1	Rs. 72.29

INFORMATION DETAILS

Report Prepared by :

RJT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
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	5
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		45

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

143.896

98.658

88.051

432.896

284.169

160.286

74.082

73.240

48.509

0.000

24.281

0.000

62.117

44.792

47.086

712.991

510.520

339.094

47.661

44.284

15.076

32.500

23.685

6.175

590.681

407.063

122.310

118.077

98.132

2.68

2.99

0.70

4.23

4.62

1.28

11.27

12.64

3.86

0.62

0.77

0.34

4.53

5.16

8.03

1.21

1.29

1.40

Unit