1. Summary Information

		Country	India
Company Name	INFOTEL BUSINESS SOLUTIONS LIMITED	Principal Name 1	Mr. Surendra Lunia
Status	Satisfactory	Principal Name 2	Mr. Anant Mahendra Nahata
		Registration #
Street Address	D-7, Dhawandeep Apartments, 6, Jantar Mantar Road, New Delhi – 110 001
Established Date	17.07.2000	SIC Code	--
Telephone#	91-11-43523795	Business Style 1	Service Provider
Fax #	91-11-23340453	Business Style 2	--
Homepage	www.infotelgroup.in	Product Name 1	--
# of employees	Not Available	Product Name 2	--
Paid up capital	Rs. 65,000,000/-	Product Name 3	--
Shareholders	Bodies Corporate – 99.99% Other Top Fifty Shareholders – 0.01%	Banking	Corporation Bank
Public Limited Corp.	No	Business Period	13 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (45)
Related Company
Relation	Country	Company Name
Holding Company	India	Digivision Ventures Private Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	NA	Current Liabilities	NA
Inventories	NA	Long-term Liabilities	NA
Fixed Assets	NA	Other Liabilities	NA
Deferred Assets	NA	Total Liabilities	NA
Invest& other Assets	NA	Retained Earnings	NA
		Net Worth	NA
Total Assets	NA	Total Liab. & Equity	NA
Total Assets (Previous Year)	4,747,230,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	91,672,000	Net Profit	7,337,000
Sales(Previous yr)	16,656,000	Net Profit(Prev.yr)	3,209,000

MIRA INFORM REPORT

Report Date :

03.09.2013

IDENTIFICATION DETAILS

Name :	INFOTEL BUSINESS SOLUTIONS LIMITED (w.e.f. 25.04.2007)
Formerly Known As :	HFCL INTERNET SERVICES LIMITED
Registered Office :	D-7, Dhawandeep Apartments, 6, Jantar Mantar Road, New Delhi – 110 001
Country :	India
Financials (as on) :	31.03.2012 (Profit and Loss A/c)
Date of Incorporation :	17.07.2000
Com. Reg. No.:	55-106823
Capital Investment / Paid-up Capital :	Rs.65.000 Millions
CIN No.: [Company Identification No.]	U74899DL2000PLC106823
TAN No.: [Tax Deduction & Collection Account No.]	PTLI10683B
PAN No.: [Permanent Account No.]	AAACH9790D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The Company is engaged in the business of providing skilled technical manpower and promoting Ventures around the next generation telecom services Viz., 3G/4G Value Added Services (VAS), Customer Support services, Mobile TV, Security Surveillance etc.
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 861000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a subsidiary of Digivision Ventures Private Limited. It is an established company having satisfactory track record. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual 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 – 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.

LOCATIONS

Registered Office :	D-7, Dhawandeep Apartments, 6, Jantar Mantar Road, New Delhi – 110 001, India
Tel. No.:	91-11-43523795
Fax No.:	91-11-23340453
E-Mail :	chandrashekar.tv@polixel.in anuragp72@gmail.com
Website :	www.infotelgroup.in
Corporate Office :	77-B, 3^rd Floor, IFFCO Road, Sector-18, Gurgaon – 122 015, Haryana, India
Tel. No.:	91-124-4310000
Fax No.:	91-124-4310050

DIRECTORS

As on 29.09.2012

Name :

Mr. Surendra Lunia

Designation :

Managing Director

Address :

5010, Phase-IV, DLF, Gurgaon – 122 001, Haryana, India

Date of Birth/Age :

18.10.1962

Qualification :

M. Com, CA, CS

Date of Appointment :

01.04.2011

DIN No.:

00121156

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
Top of Form 1 Bottom of Form	U74899DL2000PLC106823	INFOTEL BUSINESS SOLUTIONS LIMITED	Managing director	01/04/2011	28/03/2001	-	Active	NO
2	U64200MH2004PLC192349	CBSL CABLE NETWORKS LIMITED	Director	02/07/2004	02/07/2004	16/04/2008	Active	NO
3	U64202PB2007PTC030983	INFOTEL DIGICOMM PRIVATE LIMITED	Director	17/09/2008	03/04/2007	-	Amalgamated	NO
4	U72900MH2007PLC234712	Reliance Jio Infocomm Limited	Director	12/08/2008	25/06/2007	23/06/2010	Active	NO
5	U72300DL2007PTC167902	SMART DIGIVISION PRIVATE LIMITED	Director	26/12/2008	15/11/2007	-	Active	NO
6	U64202PB2007PTC030984	INFOTEL SATCOM PRIVATE LIMITED	Director	17/09/2008	18/01/2008	-	Active	NO
7	U64202DL2008PTC172573	Digivision Wireless Private Limited	Director	09/07/2009	19/01/2008	-	Active	NO
8	U72900DL2007PTC170793	DIGIVISION ENTERTAINMENT PRIVATE LIMITED	Director	29/09/2008	21/01/2008	-	Active	NO
9	U64201PB2008PTC031630	DATACOM TELECOMMUNICATIONS Private LIMITED	Director	01/02/2008	01/02/2008	19/11/2008	Active	NO
10	U74120DL2008PTC174245	DIGIVISION INFOTAINMENT PRIVATE LIMITED	Director	20/02/2008	20/02/2008	-	Active	NO
11	U64202DL2008PTC174302	Digivision Ventures Private Limited	Director	21/02/2008	21/02/2008	-	Active	NO
12	U51109DL2008PTC174460	DIGIVISION MEDIA PRIVATE LIMITED	Director	25/02/2008	25/02/2008	-	Active	NO
13	U32300DL2007PTC163578	Smart Broadband Services Private Limited	Director	10/11/2008	12/03/2008	-	Active	NO

Name :

Mr. Anant Mahendra Nahata

Designation :

Director

Address :

W-48, Greater Kailash – II, New Delhi – 110 048, India

Date of Birth/Age :

04.11.1983

Qualification :

Degree of Bachelors in Economics and Maths

Date of Appointment :

29.09.2010

DIN No.:

02216037

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	U64203HP1994PLC014541	EXICOM TELE-SYSTEMS LIMITED	Managing director	01/08/2011	04/06/2008	-	Active	NO
2	U32204DL1996PTC184912	SATELLITE FINANCE PRIVATE LIMITED	Director	04/07/2008	04/07/2008	-	Active	NO
3	U28910DL2008PTC181901	ANM ENGINNERING AND WORKS PRIVATE LIMITED	Director	11/08/2008	11/08/2008	26/09/2008	Active	NO
4	U64200HP2008PTC031223	EMINENT NETWORKS PRIVATE LIMITED	Director	11/08/2008	11/08/2008	04/02/2012	Active	NO
5	U64100DL2009PTC194380	NextWave Communications Private Limited	Director	16/09/2009	16/09/2009	-	Active	NO
6	U51909DL2010PTC198312	ROSEMARY COMMODITIES PRIVATE LIMITED	Director	22/01/2010	22/01/2010	-	Active	NO
7	U72900MH2007PLC234712	Reliance Jio Infocomm Limited	Additional director	26/02/2010	26/02/2010	22/06/2010	Active	NO
8	U51909DL2010PTC252050	MN Ventures Private Limited	Director	01/04/2010	01/04/2010	27/08/2011	Active	NO
9	U51909PB2010PTC033761	Infotel Infocomm Enterprises Private Limited	Director	01/04/2010	01/04/2010	-	Active	NO
10	U51909PB2010PTC033770	nexG Ventures India Private Limited	Director	05/04/2010	05/04/2010	19/01/2012	Active	NO
11	U93000DL2010PTC200097	DigiVive Services Private Limited	Director	10/04/2010	10/04/2010	07/02/2011	Active	NO
12	U74899DL2000PLC106823	INFOTEL BUSINESS SOLUTIONS LIMITED	Director	29/09/2010	10/04/2010	-	Active	NO
13	U92100DL2010PTC204805	benefitsPLUS Media Private Limited	Director	15/10/2011	25/10/2010	-	Active	NO
14	U52100HR2011PTC042622	United Designer Brands Private Limited	Director	04/10/2012	21/06/2011	-	Active	NO

Name :

Mr. Anil Kumar Ratan Chand Jain

Designation :

Director

Address :

39-B, Vijay Mandal Enclave, DDA SFS Flats, Sarvapriya Vihar, New Delhi – 110 016, India

Date of Birth/Age :

13.07.1956

Qualification :

CA

Date of Appointment :

29.09.2010

DIN No.:

00548276

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	U64202DL2006PTC147885	MAGMA MEDIA SERVICES PRIVATE LIMITED	Director	23/03/2006	23/03/2006	31/03/2008	Active	NO
2	U74899DL2000PLC104803	EXEL NETCOMMERCE LIMITED	Director	19/07/2006	19/07/2006	-	Active	NO
3	U74899DL1995PLC065083	HFCL KONGSUNG TELECOM LIMITED	Additional director	27/09/2006	27/09/2006	10/03/2008	Active	NO
4	U74899DL1995PLC066338	HFCL BEZEQ TELECOM LIMITED	Additional director	06/12/2006	06/12/2006	-	Active	NO
5	U93000DL2007PTC166247	JUMBO TECHNO SERVICES PRIVATE LIMITED	Director	29/09/2008	22/08/2007	18/09/2009	Active	NO
6	U72300DL2007PTC167902	SMART DIGIVISION PRIVATE LIMITED	Director	10/09/2007	10/09/2007	19/02/2008	Active	NO
7	U74140HP2007PTC031452	SUNVISION ENGINEERING COMPANY PRIVATE LIMITED	Director	29/09/2008	14/09/2007	-	Amalgamated	NO
8	U72900DL2007PTC170793	DIGIVISION ENTERTAINMENT PRIVATE LIMITED	Director	27/11/2007	27/11/2007	28/03/2008	Active	NO
9	U64202DL2008PTC172573	Digivision Wireless Private Limited	Director	11/01/2008	11/01/2008	28/03/2008	Active	NO
10	U64203HP1994PLC014541	EXICOM TELE-SYSTEMS LIMITED	Director	03/09/2008	07/07/2008	18/12/2008	Active	NO
11	U64200HP2008PTC031223	EMINENT NETWORKS PRIVATE LIMITED	Director	30/09/2009	28/08/2008	-	Active	NO
12	U74900DL2007PTC166266	SENIOR CONSULTING PRIVATE LIMITED	Additional director	03/03/2009	03/03/2009	18/09/2009	Active	NO
13	U74120DL2008PTC174321	Infotel Technologies Private Limited	Director	25/03/2009	25/03/2009	-	Active	NO
14	U74899DL2000PLC106823	INFOTEL BUSINESS SOLUTIONS LIMITED	Director	29/09/2010	31/03/2010	-	Active	NO
15	U28910DL2008PTC181901	ANM ENGINNERING AND WORKS PRIVATE LIMITED	Additional director	15/04/2013	15/04/2013	-	Active	NO

MAJOR SHAREHOLDERS

As on 29.09.2012

Names of Shareholders	No. of Shares
Sajive Kanwar	100
Anil Kumar Jain	100
Prakash Chand Gulgulia	100
Ranjit Tatar	100
Kamal Kumar Sharma	100
Surendra Lunia	100
Sushil Kumar Wadhwa	100
Digivision Ventures Private Limited, India (Formerly Digivision Content Solutions Private Limited)	6499300
Total	6500000

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2012

Category	Percentage
Bodies corporate	99.99
Other Top Fifty Shareholders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :

The Company is engaged in the business of providing skilled technical manpower and promoting Ventures around the next generation telecom services Viz., 3G/4G Value Added Services (VAS), Customer Support services, Mobile TV, Security Surveillance etc.

Product / Service :

Item Code No. (ITC Code)	Product / Service Description
64202	Telecom Manpower Services

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Corporation Bank, Sikanderpur Branch, A-2/8, Qutab Plaza, DLF Phase I, Gurgaon – 122 002, Haryana, India

Facilities :

Secured Loans	31.03.2011 Rs. In Millions	31.03.2010 Rs. In Millions
Loans taken for vehicles secured	(A) 10.212	12.253
Total	10.212	12.253

Note:

A) *Vehicle Loans are secured by way of exclusive hypothecation charge in favour of bank on the specific assets acquired out of the loan proceeds of the Company. These loans are repayable in equated monthly installments and shall be repaid by 2013. Vehicle loan repayable within one year amounts to Rs.4.693 millions (Previous Year: Rs.3.595 millions) Interest rates on above loans vary from 8.75 percent per annum to 13.24 percent per annum. The maximum tenure of loan is 36 months.

Banking Relations :	--
Auditors :
Name :	Khandelwal Jain and Company Chartered Accountants
Address :	221, Hans Bhawan, Bahadur Shah Zafar Marg, New Delhi – 110 002, India
Tel. No.:	91-11-23370091/ 23370892/ 23378795
Fax No.:	91-11-23378794
E-Mail :	delhi@kjco.net
Website :	www.kjco.net
Income-tax PAN of auditor or auditor's firm :	AAAFK0985C
(As on 31.03.2011)
Holding Company :	Digivision Ventures Private Limited CIN No.: U64202DL2008PTC174302 Address: D-7, Dhawandeep Apartments, 6, Jantar Mantar Road, New Delhi – 110 001, India
Subsidiary Companies :	DigiVive Services Private Limited Polixel, SA, Poland Digicall Teleservices Private Limited, India CIN No.: U84200DL1992PTC19215 Hot line Call Centre Solutions (Private) Limited Polixel Security Systems Private Limited Benefits Plus Media Private Limited nexG Devices Private Limited
Fellow Subsidiary Companies :	Polixel Security Systems Private Limited (Ceased to be Subsidiary and become fellow subsidiary w.e.f 03.04.2010) Benefit Plus Media Private Limited
Associates :	Infotel Digicom Private Limited
Company under Key Managerial Personnel :	HFCL Infotel Limited ** Infotel Tower Infrastructure Private Limited ** ** ( Ceased on 09.04.2010)

CAPITAL STRUCTURE

As on 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
9000000	Equity Shares	Rs.10/- each	Rs.90.000 Millions
1000000	Preference Shares	Rs.10/- each	Rs.10.000 Millions
	Total		Rs. 100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6500000	Equity Shares	Rs.10/- each	Rs.65.000 Millions

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		65.000	40.000
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		150.184	71.975
4] (Accumulated Losses)		0.000	0.000
NETWORTH		215.184	111.975
LOAN FUNDS
1] Secured Loans		10.212	12.253
2] Unsecured Loans		4376.335	4459.090
TOTAL BORROWING		4386.547	4471.343
DEFERRED TAX LIABILITIES		1.549	0.000
TOTAL		4603.280	4583.318
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		50.605	49.957
Capital work-in-progress		0.000	5.637
INVESTMENT		1565.018	1518.896
DEFERRED TAX ASSETS		0.000	2.775
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000
	Sundry Debtors	3.525	1.574
	Cash & Bank Balances	12.542	86.527
	Other Current Assets	0.000	0.000
	Loans & Advances	3115.540	3065.601
Total Current Assets		3131.607	3153.702
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	24.253	25.530
	Other Current Liabilities	118.228	121.779
	Provisions	1.469	0.340
Total Current Liabilities		143.950	147.649
Net Current Assets		2987.657	3006.053
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		4603.280	4583.318

Note: Balance Sheet for the year 2012 is not available, only Profit and Loss Account is available.
PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	91.672	16.164	10.629
		Other Income	121.576	131.778	99.031
		TOTAL (A)	213.248	147.942	109.660
Less	EXPENSES
		Purchase of stock-in-trade	73.204	0.000	0.000
		Employee benefit Expenses	52.346	64.429	9.332
		Consumption materials changes inventories	0.000	1.914	7.469
		Administrative selling other expenses	0.000	58.916	26.679
		Other Expenses	61.464	0.000	0.000
		TOTAL (B)	187.014	125.259	43.480
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		26.234	22.683	66.180
Less	FINANCIAL EXPENSES (D)		5.360	6.429	1.961
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		20.874	16.254	64.219
Less/ Add	DEPRECIATION/ AMORTISATION (F)		11.413	8.675	58.442
	PROFIT BEFORE TAX (E-F) (G)		9.461	7.579	5.777
Less	TAX (H)		2.124	4.370	(1.373)
	PROFIT AFTER TAX (G-H) (I)		7.337	3.209	7.150
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		15.184	11.975	4.825
	BALANCE CARRIED TO THE B/S		22.521	15.184	11.975
	IMPORTS
		Traded Goods	73.237	1.914	0.000
	TOTAL IMPORTS		73.237	1.914	0.000
	Earnings Per Share (Rs.)
	- Basic		1.12	0.80	4.01
	- Diluted		0.83	0.52	1.90

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	6.03	2.17	6.52
Net Profit Margin (PBT/Sales)	(%)	10.32	45.50	54.35
Return on Total Assets (PBT/Total Assets}	(%)	NA	0.24	0.18
Return on Investment (ROI) (PBT/Networth)		NA	0.04	0.05
Debt Equity Ratio (Total Debt /Networth)		NA	2.04	39.93
Current Ratio (Current Asset/Current Liability)		NA	21.75	21.36

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

UNSECURED LOANS:

Particulars	31.03.2011 Rs. In Millions	31.03.2010 Rs. In Millions
Fully convertible debentures unsecured	(A) 1300.000	1300.000
Debts bonds other instruments unsecured	(B) 2218.300	2218.300
Other debt unsecured	856.865	940.501
Interest accrued due debentures unsecured	1.170	0.289
Total	4376.335	4459.090

Note:

(A) 130000000 Unsecured Debentures carry an interest of 0.1% per annum of Rs.10 each fully paid. (Previous Year: 130000000).

(B) Long term 2218300 Compulsorily Convertible Zero Coupon Bonds "CCZCBs" of Rs.1000 each (Previous Year :2218300)

INDEX OF CHARGE:

Sr .No	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10445466	12/07/2013	79,000,000.00	CORPORATION BANK	SIKANDERPUR BRANCH, A-2/8 QUTAB PLAZA, DLF PHASE- 1, GURGAON, Haryana - 122002, INDIA	B83237974
2	10334676	09/06/2012 *	60,000,000.00	CORPORATION BANK	SIKANDERPUR BRANCH, A-2/8 QUTAB PLAZA, DLF PHASE I, GURGAON, Haryana - 122002, INDIA	B42865477
3	10333095	12/07/2013 *	76,000,000.00	CORPORATION BANK	SIKANDERPUR BRANCH, A-2/8 QUTAB PLAZA, DLF PHASE- 1, GURGAON, Haryana - 122002, INDIA	B83237040

* Date of charge modification

PERFORMANCE:

The Company is engaged in the business of providing skilled technical manpower and promoting Ventures around the next generation telecom services Viz., 3G/4G Value Added Services (VAS), Customer Support services, Mobile TV, Security Surveillance etc. These businesses are expected to drive the future growth of the Company’s revenues. The Company has succeeded to achieve a profit after tax of Rs.3.209 millions.

FIXED ASSETS:

• Computers
• Furniture and Fixture
• Office Equipment
• Vehicles
• Building
• 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.65.86
UK Pound	1	Rs. 102.52
Euro	1	Rs. 87.06

INFORMATION DETAILS

Report Prepared by :

VNT

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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
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.