MIRA INFORM REPORT

Report Date :

21.06.2013

IDENTIFICATION DETAILS

Name :	ACMAS TECHNOCRACY PRIVATE LIMITED
Registered Office :	506 and 507, Pearls Best Heights II, Netaji Subhash Place, Pitampura, Delhi-110034
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	17.08.2005
Com. Reg. No.:	55-139727
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U33119DL2005PTC139727
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturers of Educational Science Instruments, Laboratory Equipments For Mechanical Works, Scientific Equipment Suppliers, Lab Equipment , etc.
No. of Employees :	Information denied by the management.

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 3000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The external borrowings of the company are significantly higher than net worth. The company is earning minimal profits. Trade relations are reported as fair. Business is active. Payment terms are slow. 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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

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

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 DECLINED BY

Name :	Mr. Atul Badola
Designation :	Director
Contact No.:	91-9312219738
Date :	19.06.2013

LOCATIONS

Registered Office :	506 and 507, Pearls Best Heights II, Netaji Subhash Place, Pitampura, Delhi-110034, India
Tel. No.:	91-11-47619688
Mobile No.:	91-9312219738 [Mr. Atul Badola]
Fax No.:	91-11-46102305/47619788
E-Mail :	weiberindia@gmail.com apvca@rediffmail.com

DIRECTORS

AS ON 29.09.2012

Name :

Mr. Atul Badola

Designation :

Director

Address :

27, Friends Apartments, Plot No. 31, Sector 9, Rohini, Delhi-110085, India

Date of Appointment :

17.08.2005

Din No.:

01023823

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	U33119DL2005PTC139727	ACMAS TECHNOCRACY PRIVATE LIMITED	Director	17/08/2005	17/08/2005	-	Active	NO
2	U41000DL2006PTC155024	BIONICS ADVANCED FILTRATION SYSTEMS PRIVATE LIMITED	Director	27/10/2006	27/10/2006	10/11/2008	Active	NO
3	U29253DL2009PTC197111	ACMAS TECHNOLOGIES PRIVATE LIMITED	Director	18/12/2009	18/12/2009	10/08/2012	Active	NO

Name :

Mr. Saudan Singh

Designation :

Director

Address :

Flat No. 43, Sector 6, Pashmi Friends, Enclave Nangloi, Delhi-110044, India

Date of Birth/Age :

10.09.1967

Date of Appointment :

27.11.2009

Din No.:

02846203

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

Names of Shareholders	No. of Shares
Atul Badola	5000
Nidhi Badola	5000
TOTAL	10000

AS ON 29.09.2012

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :

Manufacturers of Educational Science Instruments, Laboratory Equipments For Mechanical Works, Scientific Equipment Suppliers, Lab Equipment , etc.

GENERAL INFORMATION

Suppliers :	· Balaji Switchgears Private Limited · Chawla Scientific Instruments · Garg Timber Traders · Lab and Search Technology · Lab-Sil Glass Works · Maestros Mediline Systems Limited · Orient Refrigeration and Airconditioning Company · Puneet Metal Private Limited · Real Time Consultant · Rudra Enterprises · Techlab India · Universal Electronic Agencies · Vishnu Electrical and Mill Hard Store
Customers :	· Art Centre Regional Hospital · Cadila Pharmaceuticals Limited · Central Building Research Institute · Bangladesh Science House · Department of Foods And Nutrition · Indian Institute of Chemical Technology · Invictus Oncology Private Limited · Mahindra and Mahindra Limited · Porcelain Crafts and Components Exim Private Limited · Tata Chemicals Limited · Rinac India Limited - Unit 1 · Universival Flexible Private Limited
No. of Employees :	Information denied by the management.
Bankers :	HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India
Facilities :	--

Banking Relations :	--
Auditors :
Name :	APV and Associates Chartered Accountants
Address :	C-5/1, 1^st Floor, Wazirpur Industrial Area, Delhi-110052, India
Tel. No.:	91-11-27373103/27373104
PAN No:	AAKFA3021B

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

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	0.672	0.411
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
(3) Non-current liabilities
(a) long-term borrowings	0.800	0.000
(b) Deferred tax liabilities (Net)	0.079	0.029
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
(4) Current liabilities
(a) Short term borrowings	5.915	2.187
(b) Trade payables	10.668	7.820
(c) Other current liabilities	5.646	1.255
(d) Short-term provisions	0.000	0.000
TOTAL	23.880	11.802
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	6.594	6.182
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.003
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.656	0.287
(c) Trade receivables	12.301	2.645
(d) Cash and cash equivalents	2.723	1.896
(e) Short-term loans and advances	1.182	0.362
(f) Other current assets	0.424	0.427
TOTAL	23.880	11.802

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.100
2] Share Application Money		0.000
3] Reserves & Surplus		0.162
4] (Accumulated Losses)		0.000
NETWORTH		0.262
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.005
TOTAL		0.267
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		5.675
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.794
	Sundry Debtors	4.054
	Cash & Bank Balances	0.023
	Other Current Assets	0.000
	Loans & Advances	0.012
Total Current Assets		5.883
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors
	Other Current Liabilities	11.053
	Provisions	0.243
Total Current Liabilities		11.296
Net Current Assets		(5.413)
MISCELLANEOUS EXPENSES		0.005
TOTAL		0.267

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	NA	NA	NA
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	NET PROFIT / LOSS		0.386	NA	NA

KEY RATIOS

PARTICULARS	31.03.2012	31.03.2011	31.03.2010
Debt Equity Ratio (Total Debt/Networth)	8.70	4.27	0.00
Current Ratio (Current Asset/Current Liability)	0.77	0.50	0.52

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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
12]	Profitability for one year	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	Yes
18]	Major customers	Yes
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	No
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]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

PROGRESS OF THE COMPANY:

The Company commenced business in the financial year 2005-06. The net financial result for the financial year ending on 31st March 2012 was a Profit of Rs. 0.386 Million.

Unsecured Loan	As on 31.03.2012 [Rs. in Millions]	As on 31.03.2011 [Rs. in Millions]
Long Term Borrowings
From Directors	0.800	0.000
Short Term Borrowings
From Others Loans and Advances	5.915	2.187
TOTAL	6.715	2.187

BANKERS CHARGES REPORT AS PER REGISTRY

This form is for	Creation of charge
Corporate identity number of the company	U33119DL2005PTC139727
Name of the company	ACMAS TECHNOCRACY PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	506 and 507, Pearls Best Heights II, Netaji Subhash Place, Pitampura, Delhi-110034, India
Type of charge	Book Debts Movable Property [not being pledge] Floating Charge
Particular of charge holder	HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India Email: rbbform8@hdfcbank.com
Nature of description of the instrument creating or modifying the charge	Letter of Hypothecation.
Date of instrument Creating the charge	16.03.2013
Amount secured by the charge	Rs.5.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest at the rate as may be communicated by the Bank from time to time. Terms of Repayment On demand. Margin As may be stipulated by the Bank from time to time. Extent and Operation of the charge Hypothecation by way of First Charge on Stocks, Book Debts, Plant and Machinery, Vehicles and other Fixed Assets, to secure as a continuing security for the repayment of Rs.5.000 Millions together with interest, costs, charges, expenses and other moneys due and payable by the Company to the Bank.
Short particulars of the property charged	Stock-in-trade, consisting of raw materials, goods in process of manufacturing finished goods, and other merchandise whatsoever being movable properties All the Debts, that is, all the book debts, outstanding, monies receivables, claims, bills, invoice documents, contracts, guarantees, and rights which are now The movable plant and machinery, vehicles and other fixed assets which may now or at any time hereafter belong to the Borrower or come to the Borrowers

FIXED ASSETS:

· Computer

· Machinery

· Office Equipments

· Furniture and Fixtures

· Factor Land and Building

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.59.70
UK Pound	1	Rs.92.22
Euro	1	Rs.79.19

INFORMATION DETAILS

Information Gathered by :	PLV
Report Prepared by :	TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--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
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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.