MIRA INFORM REPORT

Report Date :

24.10.2013

IDENTIFICATION DETAILS

Name :	UNISEM ELECTRONICS PRIVATE LIMITED
Registered Office :	No.447 A, 17th G Main Road, 6th Block, Koramangala, Bangalore – 560095, Karnataka
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	03.12.2009
Com. Reg. No.:	08-051714
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U52390KA2009PTC051714
PAN No.: [Permanent Account No.]	AABCU1282E
Legal Form :	Private Limited Liability Company
Line of Business :	Importer and exporter and dealer in all forms of electrical, electronic automatic, semi-automatic computers, calculators, tabulators, control equipments, electro mechanical equipments.
No. of Employees :	Information declined 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 2600
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The company has failed to file its financial information with government department for the year 2012. As per previous financial company scale of operation appears to be small. However, trade relations are fair. Business is active. Payment terms are unknown. The company can be considered for business dealing 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

India’s current account deficit or CAD in April-June widened to 4.9 % of gross domestic product. High imports of gold and oil led to a worsening of the traqde deficit, resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in the corresponding quarter of the previous financial year. The government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2 billion in 2012/13.

The finance ministry has started preparations for Budget 2014/15. With general elections scheduled to be held by May next year, there will only be an interim budget. The new government will present the fiscal Budget.

The Supreme Court has barred clinical trials for new drugs till a monitoring mechanism is put in place to protect the lives of people on which the drugs are tested.

Mumbai has been named the world’s second most honest city according to a survey on 15 cities worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top spot for the world’s most honest city while Lisbon, the capital of Portugal, proved to be the least honest.  The survey put hundreds of people to test in four continents to find out just how honest they were by dropping wallets and seeing how many would be returned.

3.7 % Growth of the core sector in August, a seven month high. This takes the overall growth in April-August this year to 2.3 % compared with 6.3 % in the corresponding period next financial year.

$19 million Estimated average spending by companies across the globe including India, on social media this year, according to a global study by information technology major Tata Consultancy Services. This will rise to $ 24 million in 2015.

Rising inflation, fewer employment avenues and dwindling earnings are taking a toll on the spending capacity in India. Over 72 % respondents from middle and lower middle income families would be forced to slash their Diwali expenditure by 40 % and on average spend nearly 25 % of their monthly salary on Diwali, according to a survey by Assochem.

Analysts believe the shutdown of the US government would have limited impact in sectors such as IT or tourism that are dependent on Visa clearances.

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 DEMINED

Management Non- Cooperative (91-80-41131825)

LOCATIONS

Registered Office :	No.447 A, 17th G Main Road, 6th Block, Koramangala, Bangalore – 560095, Karnataka, India
Tel. No.:	91-80-41131825
Fax No.:	91-80-25520082
E-Mail :	sales@unisemindia.com unni@unisemindia.com
Website :	http://www.unisemholdings.com
UAE Office :	Executive Suite, PO Box 121842, Sharjah International Free Zone, Sharjah, UAE
Tel. No.:	91-971-551730698
Fax No.:	91-971-65575729

DIRECTORS

As on 30.09.2011

Name :

Mr. Cherapotta Kanoor Unnikrishnan

Designation :

Managing Director

Address :

No:303, A Wing, Ghataprabha National Games Housing Complex, Koramangala

Bangalore – 560047, Karnataka, India

Date of Birth/Age :

14.03.2007

Date of Appointment :

03.12.2009

DIN No.:

02099596

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	U74140KA2003PTC031658	E E SOFTWARE TECHNOLOGIES PRIVATE LIMITED	Managing director	01-04-07	01-04-07	-	Active	NO
2	U52390KA2009PTC051714	UNISEM ELECTRONICS PRIVATE LIMITED	Managing director	03-12-09	03-12-09	-	Active	NO

Name :

Mr. Prabha Unnikrishnan

Designation :

Director

Address :

No:303, A Wing, Ghataprabha National Games Housing Complex, Koramangala

Bangalore – 560047, Karnataka, India

Date of Birth/Age :

28.05.2007

Date of Appointment :

03.12.2009

DIN No.:

02845460

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Cherapotta Kanoor Unnikrishnan	500
Prabha Unnikrishnan	500
Total	1000

As on 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Importer and exporter and dealer in all forms of electrical, electronic automatic, semi-automatic computers, calculators, tabulators, control equipments, electro mechanical equipments.

GENERAL INFORMATION

Customers :	Vikram Sarabhai Space Centre Space Application Center Electronics Corporation of India Limited Schneider Electric Larsen and Toubro Tata Power Strategic Electronics Division Acbel Polytech Inc. BPL Telecom Data Patterns
No. of Employees :	Information declined by the management
Bankers :	Federal Bank Limited, No.820, Golden House, 8th Block, 80 Ft. Road, Near Police Station, Koramangala, Bangalore - 560095, Karnataka, India Axis Bank Limited DBS Bank

Banking Relations :	---
Auditors :
Name :	Ramnarain and Company Chartered Accountants
Address :	No.28/1, Second Floor, Ulsoor Road, Bangalore – 560042, Karnataka, India
Tel. No.:	91-80-25599112 / 25599150
PAN No.:	AAIFR9527P

CAPITAL STRUCTURE

As on 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
2000	Equity Shares	Rs.100/- each	Rs.0.200 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000	Equity Shares	Rs.100/- each	Rs.0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		0.558	0.017
4] (Accumulated Losses)		0.000	0.000
NETWORTH		0.658	0.117
LOAN FUNDS
1] Secured Loans		0.000	0.000
2] Unsecured Loans		0.000	0.000
TOTAL BORROWING		0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		0.658	0.117
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.075	0.000
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000
	Sundry Debtors	0.000	0.128
	Cash & Bank Balances	1.862	0.084
	Other Current Assets	0.000	0.012
	Loans & Advances	0.870	0.000
Total Current Assets		2.732	0.224
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.641	0.000
	Other Current Liabilities	1.256	0.135
	Provisions	0.252	0.007
Total Current Liabilities		2.149	0.142
Net Current Assets		0.583	0.082
MISCELLANEOUS EXPENSES		0.000	0.035
TOTAL		0.658	0.117

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010
	SALES
		Income	9.132	0.834
		Other Income	0.000	0.000
		TOTAL	9.132	0.834
Less	EXPENSES
		Audit fees	0.030	0.005
		Bank charges	0.052	0.003
		Business Promotion	0.506	0.053
		Conveyance Expenses	0.252	0.026
		Directors Remuneration	1.200	0.300
		Rates & Taxes	0.019	0.020
		Travelling Expenses Incl. Foreign Travel)	0.649	0.211
		Office Rent	0.135	0.054
		Printing & Stationery	0.033	0.014
		Professional Charges	0.150	0.005
		Salary	4.537	0.090
		Staff Welfare Expenses	0.094	0.017
		Postage, Telephone & Mobile Expanses	0.047	0.004
		Software Development charges	0.055	0.000
		Web Development Charges	0.014	0.008
		Membership fee paid	0.009	0.000
		Office Expenses	0.050	0.000
		Office Opening/Expanses - Dubai	0.411	0.000
		Forex Gain/loss adjustment	0.036	0.000
		Preliminary Expenses written off	0.035	0.000
		TOTAL	8.314	0.810
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.818	0.024
Less/ Add	DEPRECIATION/ AMORTISATION		0.032	0.000
	PROFIT BEFORE TAX		0.786	0.024
Less	TAX		0.245	0.007
	PROFIT AFTER TAX		0.541	0.017
	Earnings Per Share (Rs.)		541.00	17.00

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010
PAT / Total Income	(%)	5.92	2.04
Net Profit Margin (PBT/Sales)	(%)	8.61	2.88
Return on Total Assets (PBT/Total Assets}	(%)	28.00	10.71
Return on Investment (ROI) (PBT/Networth)		1.19	0.21
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.27	1.58

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 two years	Yes
12]	Profitability for last two 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	No
17]	Major suppliers	No
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	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 of the company has been shifted from No 303, A-Wing, Ghataprabha National Games Housing Complex, Koramangala, Bangalore – 560047, Karnataka, India to present address w.e.f. 01.06.2011

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10440684	09/03/2013	1,000,000.00	FEDERAL BANK LIMITED	NO.820, GOLDEN HOUSE, 8TH BLOCK, 80 FT. ROAD, NEAR POLICE STATION, KORAMANGALA, BANGALORE, Karnataka - 560095, INDIA	B77368249

* Date of charge modification

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.61.53
UK Pound	1	Rs.99.75
Euro	1	Rs.84.75

INFORMATION DETAILS

Information Gathered by :	NAY
Report Prepared by :	NTH

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	2
--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		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.