1. Summary Information

		Country	India
Company Name	Maira Networks Private Limited	Principal Name 1	Mr. Sunil Dhingra
Status	Small company	Principal Name 2	Mr. Rajiv Arora
		Registration #	55-220490
Street Address	R-546, Shankar Road, New Rajindar Nagar, New Delhi – 110 060, India
Established Date	07.06.2011	SIC Code	--
Telephone#	91-11-43466767	Business Style 1	Dealer
Fax #	Not Available	Business Style 2	Distributor
Homepage	--	Product Name 1	Samsung Mobiles.
# of employees	25 (Approximately)	Product Name 2	--
Paid up capital	Rs.9,955,520 /-	Product Name 3	--
Shareholders	Mr. Sunil Dhingra	Banking	HDFC Bank Limited
Public Limited Corp.	No	Business Period	2 year
IPO	No	International Ins.	--
Public Enterprise	No	Rating	B (29)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	45,342,000	Current Liabilities	19,272,000
Inventories	0,000	Long-term Liabilities	0,000
Fixed Assets	910,000	Other Liabilities	16,144,000
Deferred Assets	6,000	Total Liabilities	35,416,000
Invest& other Assets	0,000	Retained Earnings	886,000
		Net Worth	10,842,000
Total Assets	46,258,000	Total Liab. & Equity	46,258,000
Total Assets (Previous Year)	--
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	17,775,000	Net Profit	885,000
Sales(Previous yr)	--	Net Profit(Prev.yr)	--

MIRA INFORM REPORT

Report Date :

14.10.2013

IDENTIFICATION DETAILS

Name :	MAIRA NETWORKS PRIVATE LIMITED
Registered Office :	R-546, Shankar Road, New Rajinder Nagar, New Delhi – 110 060
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	07.06.2011
Com. Reg. No.:	55-220490
Capital Investment / Paid-up Capital :	Rs.9.956 Millions
CIN No.: [Company Identification No.]	U74140DL2011PTC220490
TAN No.: [Tax Deduction & Collection Account No.]	DELM19827D
Legal Form :	Private Limited Liability Company
Line of Business :	Dealer and Distributor of Samsung Mobiles.
No. of Employees :	25 (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 43000
Status :	Small company
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small company in its field having moderate track record. Its scale of activities is limited. Profit margin of the company reported to be fair. However, trade relations are reported to be fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small 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

INDIAN ECONOMIC OVERVIEW

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

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 (GENERAL DETAILS)

Name :	Mr. Sunil Dhingra
Designation :	Director
Contact No.:	91-9811673381
Date :	10.10.2013

LOCATIONS

Registered Office :	R-546, Shankar Road, New Rajinder Nagar, New Delhi – 110 060, India
Tel. No.:	91-11-43466767
Mobile No.:	91-9811673381 (Mr. Sunil Dhingra)
Fax No.:	Not Available
E-Mail :	sunil@maira.in mail@maira.in ash_1372001@rediffmil.com dgrover74@rediffmail.com pka2010india@gmail.com
Area :	1500 sq. ft.
Location :	Owned

DIRECTORS

AS ON 29.09.2012

Name :

Mr. Sunil Dhingra

Designation :

Director

Address :

GH-12/109, Ground Floor, Paschim Vihar, Delhi – 110087, India

Date of Birth/Age :

05.10.1965

Date of Appointment :

07.06.2011

DIN No.:

03489765

Name :

Mr. Rajiv Arora

Designation :

Director

Address :

108, Airport Apartments, Vikaspuri, Delhi – 110018, India

Date of Birth/Age :

27.06.1974

Date of Appointment :

07.06.2011

DIN No.:

03489756

Name :

Ms. Anju Suri

Designation :

Director

Address :

RU-342, Block – RU, East Pitampura, Delhi – 110 034, India

Date of Birth/Age :

09.04.1970

Date of Appointment :

14.12.2012

DIN No.:

02283405

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	Company/ LLP Status	Defaulting status
1	U45201DL1997PTC091312	PREET INTERNATIONAL PRIVATE LIMITED	Director	11-09-08	31-07-08	Active	NO
2	U74140DL2011PTC220490	MAIRA NETWORKS PRIVATE LIMITED	Director	14-12-12	14-12-12	Active	NO

MAJOR SHAREHOLDERS

AS ON 29.09.2012

Names of Shareholders	No. of Shares
Sunil Dhingra	562627
Rajiv Arora	432925
Total	995552

Equity Share Break up (Percentage of Total Equity)

AS ON 29.09.2012

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Dealer and Distributor of Samsung Mobiles.
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Supplier :	· Samsung India Electronics Private Limited · Vintage Computech Dot Net · World Telecom House
Customers :	Retailers · A.K. Telecom · A.S. Enterprises · A.S. Centre · A.S. Communication · Aashima Communication · Abhishek Telecom · Acme communication · Aggarwal Electronics · Ajit Electronics · Allahabad Travels and Communication
No. of Employees :	25 (Approximately)
Bankers :	HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India.

Banking Relations :	--
Auditors :
Name :	Asha Gulati and Associates Chartered Accountant
Address :	Block No.7, House No.111, Geeta Colony, New Delhi – 110 031, India
PAN No.:	AAEPG7556C

CAPITAL STRUCTURE

AS ON 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs. 10/- each	Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
995552	Equity Shares	Rs. 10/- each	Rs.9.956 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	9.956
(b) Reserves & Surplus	0.886
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	10.842
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	11.576
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	11.576
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	18.840
(c) Other current liabilities	4.568
(d) Short-term provisions	0.432
Total Current Liabilities (4)	23.840
TOTAL	46.258
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.910
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.006
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	0.916
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	23.347
(d) Cash and cash equivalents	0.247
(e) Short-term loans and advances	21.748
(f) Other current assets	0.000
Total Current Assets	45.342
TOTAL	46.258

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012
	SALES
		Income	17.775
		Other Income	13.005
		TOTAL (A)	30.780
Less	EXPENSES
		Employee benefits Expenses	4.336
		Maintenance Administrative Expenses	23.242
		TOTAL (B)	27.578
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		3.202
Less	FINANCIAL EXPENSES (D)		1.651
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1.551
Less	DEPRECIATION/ AMORTISATION (F)		0.239
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		1.312
Less	TAX (H)		0.427
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		0.885
	Earnings Per Share (Rs.)		4.98

KEY RATIOS

PARTICULARS		31.03.2012
PAT / Total Income	(%)	2.88
Net Profit Margin (PBT/Sales)	(%)	7.38
Return on Total Assets (PBT/Total Assets}	(%)	2.84
Return on Investment (ROI) (PBT/Networth)		0.12
Debt Equity Ratio (Total Debt /Networth)		0.00
Current Ratio (Current Asset/Current Liability)		1.90

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	Yes
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 one years	Yes
12]	Profitability for last one 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	Yes
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	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

NOTE: Registered office address of the company has been shifted from 75, 1^st Floor, Old Rajinder Nagar Market, New Delhi – 110 060, India to the present address w.e.f.08.09.2012

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10305444	30/09/2013 *	65,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI – 400 013, MAHARASHTRA, INDIA	B86531845

* Date of charge modification

FIXED ASSETS:

· Furniture and Fixture

· Computer

· Inventor

· Air Conditioner

· Office Equipment

· 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.61.16
UK Pound	1	Rs.97.77
Euro	1	Rs.82.78

INFORMATION DETAILS

Information Gathered by :	NAY
Report Prepared by :	NKT

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	4
--PROFITABILIRY	1~10	4
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
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

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.