1. Summary Information

		Country	India
Company Name	RIPE COMPONENT TECHNOLOGIES PRIVATE LIMITED	Principal Name 1	Young Woo Lee
Status	Moderate	Principal Name 2	Jung Un Cha
		Registration #	55-146106
Street Address	B-8/14, First Floor, Vasant Vihar, New Delhi – 110057, India
Established Date	10.02.2006	SIC Code	--
Telephone#	Not Available	Business Style 1	Manufacturer
Fax #	Not Available	Business Style 2	--
Homepage	--	Product Name 1	Mobile Phones
# of employees	Not Available	Product Name 2	Mobile Phones Parts
Paid up capital	Rs. 88,686,200/-	Product Name 3	--
Shareholders	Foreign holdings - 100.00%	Banking	Standard Chartered Bank
Public Limited Corp.	No	Business Period	7 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ca (15)
Related Company
Relation	Country	Company Name	CEO
Holding Company	Korea	Ripe Korea Company Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	330,574,000	Current Liabilities	749,307,000
Inventories	196,128,000	Long-term Liabilities	258,539,000
Fixed Assets	496,593,000	Other Liabilities	5,152,000
Deferred Assets	0,000	Total Liabilities	1012,998,000
Invest& other Assets	0,000	Retained Earnings	0,000
		Net Worth	10,297,000
Total Assets	1023,295,000	Total Liab. & Equity	1023,295,000
Total Assets (Previous Year)	452,123,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	1526,400,000	Net Profit	(40,626,000)
Sales(Previous yr)	1007,200,000	Net Profit(Prev.yr)	13,492,000

MIRA INFORM REPORT

Report Date :

13.05.2013

IDENTIFICATION DETAILS

Name :	RIPE COMPONENT TECHNOLOGIES PRIVATE LIMITED
Registered Office :	B-8/14, First Floor, Vasant Vihar, New Delhi – 110057
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	10.02.2006
Com. Reg. No.:	55-146106
Capital Investment / Paid-up Capital :	Rs. 88.686 millions
CIN No.: [Company Identification No.]	U32109DL2006PTC146106
TAN No.: [Tax Deduction & Collection Account No.]	DELR12517B
PAN No.: [Permanent Account No.]	AADCR2107F
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Mobile Phones and Mobile Phones Parts.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (15)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. The networth of the company is fully eroded due to huge accumulated losses recorded by the company. There appears huge external borrowing. However, business is active. Payment terms are slow. The company can be considered for business dealings on a safe and secured trade terms and conditions.

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

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:	B-8/14, First Floor, Vasant Vihar, New Delhi – 110057, India
Tel No.:	Not Available
Fax No.:	Not Available
E-Mail :	ramakant@ripecomtech.com rohit_mehra@hotmail.com ravinagpal@vsnl.net
Factory:	Plot No. 15, Sector – VI, IMT Manesar Gurgon – 122050, Haryana, India
Tel No.:	91-124-4367356/ 4367357/ 4367358/ 4367359
Fax No.:	91-124-4367355
Godown:	Plot No. B-37, Sector-80, Phase- II, Noida-201305, Uttar Pradesh, India

DIRECTORS

As on 29.09.2012

Name :

Young Woo Lee

Designation :

Director

Address :

Tower No. 16, Unit No. 1664,ATS Green Village, Expressway Sector 93 A, Noida-201301, Uttar Pradesh, India

Date of Birth/Age :

10.11.1968

Date of Appointment :

17.08.2010

PAN No.:

AFNPL6776L

DIN No.:

03157309

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	U32109DL2006PTC146106	RIPE COMPONENT TECHNOLOGIES PRIVATE LIMITED	Director	17-08-10	17-08-10	-	Active	NO
2	U72900DL2000PTC105543	ELENTEC TECHNOLOGIES PRIVATE LIMITED	Additional director	17-09-11	17-09-11	-	Active	NO

Name :

Jung Un Cha

Designation :

Director

Address :

339-17, Jwahang-Ri, Wonsam –Myun Kyeonggi-Do, Korea

Date of Birth/Age :

01.05.1956

Date of Appointment :

10.02.2006

DIN No.:

01276901

Name :

Koh Kwang Ok

Designation :

Director

Address :

Flat No. 1710b, Beverally Park-II, Gurgaon-122001, India

Date of Birth/Age :

27.07.1961

Date of Appointment :

14.02.2006

PAN No.:

AKOPK2445F

DIN No.:

01303738

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	U32109DL2006PTC146106	RIPE COMPONENT TECHNOLOGIES PRIVATE LIMITED	Director	14-02-06	14-02-06	-	Active	NO
2	U32204DL2006FTC154164	D&Y TECHNOLOGIES PRIVATE LIMITED	Director	21-09-06	21-09-06	-	Active	NO
3	U72900DL2000PTC105543	ELENTEC TECHNOLOGIES PRIVATE LIMITED	Additional director	14-09-11	14-09-11	-	Active	NO

Name :

Chul Kim

Designation :

Director

Address :

8f,Hongwoo Building, 945-1,Deachi – Dong, Gangnam –Gu, Seoul, Korea

Date of Birth/Age :

09.07.1955

Date of Appointment :

10.02.2006

DIN No.:

01276923

Name :

Jaekyung Kim

Designation :

Director

Address :

A-3401 Samsung Shervil 85-21, Shinjung Dong, Yangchungu, Seoul, Korea

Date of Birth/Age :

03.02.1947

Date of Appointment :

10.02.2006

DIN No.:

01094365

Name :

See Yong Lee

Designation :

Director

Address :

337-17, Wonchun-Dong, Youngtong-Gu, Kyunggi-Do, Suwon City, Korea

Date of Birth/Age :

26.01.1949

Date of Appointment :

10.02.2006

DIN No.:

01094293

KEY EXECUTIVES

Name :	Nidhi Sikka
Designation :	Secretary
Address :	7/239, First Floor, Sunder Vihar, Paschim Vihar, Delhi-110087, India
Date of Birth/Age :	11.10.1981
Date of Appointment :	30.07.2007
PAN No.:	AOAPS4699P

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2012

Names of Shareholders	No. of Shares
Elentec Company Limited, Korea	2490
Intops Company Limited, Korea	2500
P and Tel INC, Korea	2500
RF TECH Company Limited, KOREA	2500
Elentec Company Limited, Korea Through its Nominee Koh Kwang Ok	10
Ripe Korea Company Limited, Korea	19442912
Total	19452912

As on 29.09.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Mobile Phones and Mobile Phones Parts.

Products

Products	Item Code No.
Components for Mobile Phone	3689

PRODUCTION STATUS AS ON 31.03.2011

Particulars	Unit	Actual Production
Production	Nos.	2,71,79,399

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Standard Chartered Bank, Credit Documentation Unit, Narain Manzil, 23 Barakhamba Road, New Delhi - 110001, India

Facilities :

Secured Loan	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Term loans from banks	258.539	0.000
Total	258.539	0.000

Banking Relations :	--
Auditors :
Name :	R. Nagpal Associates Chartered Accountants
Address :	B-8/14, First Floor, Vasant Vihar, New Delhi, India
PAN No.:	AAAFR4025J
Holding company :	Ripe Korea Company Limited, Korea
Associate :	RF Tech Company Limited Intops Company Limited P&Tel Inc Elentec Company Limited Elentec Technologies Private Limited, India Tei Technologies Private Limited, India (a associated enterprise of Elentec Company Limited) Elentec Vietnam Company Limited, Vietnam ( a associated enterprise of Elentec Company Limited) Intops (Tianjin) Electronics Company Limited, China (a associated enterprise of Intops Company Limited) Intops Vietnam Co. Company, VIET NAM (a associated enterprise of Intops Company Limited) Tianjin P and Tel Communication Company Limited, China (a associated enterprise of P&Tel Inc)

CAPITAL STRUCTURE

As on 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs.10/- each	Rs. 200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
19452912	Equity Shares	Rs.10/- each	Rs. 194.529 Millions

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
9000000	Equity Shares	Rs.10/- each	Rs.90.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8868620	Equity Shares	Rs.10/- each	Rs.88.686 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		88.686	88.686	88.686
2] Share Application Money		50.002	0.004	0.004
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(128.391)	(87.765)	(101.256)
NETWORTH		10.297	0.921	(12.566)
LOAN FUNDS
1] Secured Loans		258.539	0.000	0.000
2] Unsecured Loans		0.000	0.000	141.335
TOTAL BORROWING		258.539	0.000	141.335
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		268.836	0.925	128.769
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		496.593	218.347	221.886
Capital work-in-progress		0.000	2.647	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	196.128	99.721	59.802
	Sundry Debtors	211.912	58.305	105.611
	Cash & Bank Balances	21.815	31.894	34.869
	Other Current Assets	11.894	9.583	0.688
	Loans & Advances	84.953	31.626	33.439
Total Current Assets		526.702	231.129	234.409
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	719.376	385.274	298.738
	Other Current Liabilities	29.931	63.950	25.329
	Provisions	5.152	1.974	3.459
Total Current Liabilities		754.459	451.198	327.526
Net Current Assets		(227.757)	(220.069)	(93.117)
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		268.836	0.925	128.769

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	1526.400	1007.200	777.200
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX		NA	NA	NA
Less	TAX		NA	NA	NA
	PROFIT/ (LOSS) AFTER TAX		(40.626)	13.492	1.588
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(87.765)	(101.256)	(102.844)
	BALANCE CARRIED TO THE B/S		(128.391)	(87.765)	(101.256)
	Earnings / (Loss) Per Share (Rs.)		(4.58)	1.52	0.18

KEY RATIOS

PARTICULARS	31.03.2012	31.03.2011	31.03.2010
Debt Equity Ratio (Total Debt/Networth)	25.11	0.00	(11.25)
Current Ratio (Current Asset/Current Liability)	0.70	0.51	0.72

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	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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

FINANCIAL RESULTS

During the year the Company achieved a turnover of Rs. 1526.400 millions (Previous Year 1007.200 millions). The Company has incurred a loss of Rs. 40.626 millions (Previous Year Profit of Rs. 13.492 millions). The accumulated loss of Rs. 128.391 millions (Previous Year Rs.87.765 millions) is carried forward to balance sheet.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U32109DL2006PTC146106
Name of the company	RIPE COMPONENT TECHNOLOGIES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	B-8/14, First Floor, Vasant Vihar, New Delhi – 110057, India E-mail: ramakant@ripecomtech.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10352270
Type of charge	Book debts Others (First pari passu charge over stocks & book debts)
Particular of charge holder	Standard Chartered Bank, Credit Documentation Unit, Narain Manzil, 23 Barakhamba Road, New Delhi - 110001, India E-mail: Ashima.Tandon@sc.com
Nature of instrument creating charge	Supplemental to unattested memorandum of hypothecation.
Date of instrument Creating the charge	28.12.2012
Amount secured by the charge	Rs. 380.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per facility advice letter dated 28.12.2012 to be amended from time to time. Terms of Repayment As per facility advice letter dated 28.12.2012 to be amended from time to time. Margin As per facility advice letter dated 28.12.2012 to be amended from time to time. Extent and Operation of the charge First pari passu charge.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation by way of first pari passu charge over all present and future book debts, outstanding moneys receivables, claims and bills which are now due and owing or which may at any time during the continuance of this security become due and owing to the borrower in the course of its business by any person, firm, company or body corporate or by the government department or office or any municipal or local or public or semi government body or authority or an body corporate or undertaking or project whatever in the public sector and all present and future stock in trade consisting of raw materials, finished goods, goods in process of manufacturing and other merchandise etc. Stored or to be stored at company's godowns or premises situated at Plot No. 37, Sector-80, Phase-II, Noida and 57/2, Ecotech-I, Extension-I, Greater Noida or wherever else the same may be
Particulars of the present modification	Bank's first pari passu charge over all present and future stock and book debts of the company, already registered for Rs. 200.000 millions shall stand enhanced to Rs. 380.000 millions.

CONTINGENT LIABILITIES:

(Rs. in millions)

PARTICULARS	31.03.2012
Bank Guarantee	5.100
Margin Money against the above	5.100

FIXED ASSETS

• Plant and equipment
• Factory equipments
• Furniture and fixtures
• Vehicles
• Office equipment
• Other equipments
• Computer software

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.54.54
UK Pound	1	Rs.84.19
Euro	1	Rs.71.11

INFORMATION DETAILS

Report Prepared by :

MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	--
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		15

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.