MIRA INFORM REPORT

Report Date :

25.09.2013

IDENTIFICATION DETAILS

Name :	TEKNOBYTE INDIA PRIVATE LIMITED
Registered Office :	Plot No.10, Sector - 4, Pocket - D, DSIDC Industrial Estate , Bawana, New Delhi – 110 039
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	17.11.1997
Com. Reg. No.:	55-090697
Capital Investment/ Paid-up Capital:	Rs.2.476 Millions
CIN No.: [Company Identification No.]	U80903DL1997PTC090697
TAN No.: [Tax Deduction & Collection Account No.]	DELT04746A
PAN No.: [Permanent Account No.]	AABCT3678F
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of a comprehensive array of Pet Perform, Pet Bottles, Pet Plastic Bottles, Plastic Water Bottle and Cosmetic Bottle.
No. of Employees:	110 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Maximum Credit Limit :	USD 45000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Profit margin of the company appears to be low. However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct. 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

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. Jitendra Kailash Chandra Aggarwal
Designation :	Director
Contact No.:	91-9999799800
Date :	19.09.2013

LOCATIONS

Registered Office/ Factory :	Plot No.10, Sector - 4, Pocket - D, DSIDC Industrial Estate , Bawana, New Delhi – 110 039, India
Tel. No.:	91-11-31303668/ 27761933
Mobile No.:	91-9999799800 (Mr. Jitendra Aggarwal)
Fax No.:	91-11-27761933
E-Mail :	kapoorgarg.cs@gmail.com
Location :	Owned

DIRECTORS

AS ON 25.07.2012

Name :

Mr. Jitendra Kailash Chandra Aggarwal

Designation :

Director

Address :

A-2, New Town Apartment, Sector – 14, Rohini, New Delhi – 110 085, India

Date of Birth/Age :

27.12.1973

Date of Appointment :

17.11.1997

DIN NO:

00040494

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	U74899DL1995PLC064480	BHAN GARHIA CREDIT AND SECURITIES LIMITED	Director	18/01/1995	18/01/1995	-	Active	NO
2	U17112HR1997PLC033742	SUMA FIBRES AND ALLIES LIMITED	Director	13/10/1997	13/10/1997	15/06/2007	Active	NO
3	U80903DL1997PTC090697	TEKNOBYTE INDIA PRIVATE LIMITED	Director	17/11/1997	17/11/1997	-	Active	NO
4	U45201DL2005PTC141101	KAILASH BUILDTECH PRIVATE LIMITED	Director	23/09/2005	23/09/2005	28/02/2009	Active	NO
5	U70109DL2006PTC151989	NDR PROMOTERS PRIVATE LIMITED	Additional director	15/10/2007	15/10/2007	15/03/2010	Active	YES

Name :

Mr. Kailash Chandra Babu Dan Aggarwal

Designation :

Director

Address :

Babul, 213-214, Vikas Nagar, Bhiwani – 127 021, Haryana, India

Date of Birth/Age :

06.01.1948

Date of Appointment :

22.09.2009

DIN NO:

00040078

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	U27141DL1989PLC035887	HARYANA FOILS LIMITED	Director	16/12/2006	13/04/1989	15/03/2008	Active	NO
2	U45201DL2005PTC141101	KAILASH BUILDTECH PRIVATE LIMITED	Director	23/09/2005	23/09/2005	-	Active	NO
3	U74899DL1995PLC064480	BHAN GARHIA CREDIT AND SECURITIES LIMITED	Director	28/09/2007	20/10/2006	-	Active	NO
4	U80903DL1997PTC090697	TEKNOBYTE INDIA PRIVATE LIMITED	Director	22/09/2009	16/03/2009	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 25.07.2012

Names of Shareholders	No. of Shares
Kailash Chandra Aggarwal	79000
Meenakshi Aggarwal	54110
Sushila Aggarwal	35500
Jitendra Kumar Aggarwal	79020
Total	247630

AS ON 27.03.2013

Names of Allottees	No. of Shares
Jitendra Kumar Aggarwal and Sons (HUF)	17850
Jitendra Kumar Aggarwal	67420
Kailash Chandra Aggarwal	17100
Total	102370

AS ON 25.07.2012

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

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of a comprehensive array of Pet Perform, Pet Bottles, Pet Plastic Bottles, Plastic Water Bottle and Cosmetic Bottle.
Products :	Pet Perform Pet Bottle Plastic Bottles Plastic Performs Pet Bottle and Perform Plastic CSD Closures Plastic Closures Soft-Drink Bottle Plastic Pet Bottles Transparent Pet Bottles Colored Plastic Perform Pet Containers Pet Jars and Pharmaceutical Pet Bottles Drinking Bottle
Exports :
Products :	Pet Perform Pet Bottles Drinking Bottle
Countries :	Africa Arab
Terms :
Selling :	L/C, Cash and Credit
Purchasing :	Cash

GENERAL INFORMATION

Customers :

Retailers, OEM’s and Others

No. of Employees :

110 (Approximately)

Bankers :

• Bank of Baroda, Shalimar Bagh, Delhi – 110 088, India
• HDFC Bank Limited
• ICICI Bank Limited
• Kotak Mahindra Bank Limited

Facilities :

Secured Loans	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
LONG TERM BORROWINGS
Loan from Bank
HDFC Loan	4.743	0.527
HDFC Bank Scorpio Loan	0.245	0.426
ICICI Bank Skoda Car Loan	0.894	1.184
Loan from Others
GE Money	13.635	14.111
Total	19.517	16.248

Banking Relations :	--
Auditors :
Name :	Mittal and Mittal Associates Chartered Accountants
Address :	205, Mohan Tower, Wazirpur Community Centre, Ring Road, Delhi – 110 052, India
Tel. No.:	91-11-27374685/ 86
Fax No.:	91-11-27374685
E-Mail :	mittalsushilca@rediffmail.com
PAN No.:	AABFM9071A

CAPITAL STRUCTURE

AFTER 25.07.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
350000	Equity Shares	Rs.10/- each	Rs.2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
350000	Equity Shares	Rs.10/- each	Rs.3.500 Millions

AS ON 25.07.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Shares	Rs.10/- each	Rs.2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
247630	Equity Shares	Rs.10/- each	Rs.2.476 Millions

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	2.476	2.476
(b) Reserves & Surplus	6.723	6.475
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	2.150	0.660
Total Shareholders’ Funds (1) + (2)	11.349	9.611
(3) Non-Current Liabilities
(a) Long-term borrowings	19.517	16.248
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) Long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	19.517	16.248
(4) Current Liabilities
(a) Short term borrowings	0.000	0.350
(b) Trade payables	0.231	1.839
(c) Other current liabilities	1.654	1.740
(d) Short-term provisions	0.116	0.106
Total Current Liabilities (4)	2.001	4.035
TOTAL	32.867	29.894
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	15.347	17.849
(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)	0.165	0.103
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.182	0.163
Total Non-Current Assets	15.694	18.115
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	4.113	3.895
(c) Trade receivables	11.290	6.059
(d) Cash and cash equivalents	0.446	0.248
(e) Short-term loans and advances	0.422	0.519
(f) Other current assets	0.902	1.058
Total Current Assets	17.173	11.779
TOTAL	32.867	29.894

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		2.476
2] Share Application Money		0.000
3] Reserves & Surplus		6.340
4] (Accumulated Losses)		0.000
NETWORTH		8.816
LOAN FUNDS
1] Secured Loans		17.465
2] Unsecured Loans		0.550
TOTAL BORROWING		18.015
DEFERRED TAX LIABILITIES		0.098
TOTAL		26.929
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		16.343
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.115
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	6.224
	Sundry Debtors	11.025
	Cash & Bank Balances	0.938
	Other Current Assets	0.000
	Loans & Advances	4.991
Total Current Assets		23.178
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	12.414
	Other Current Liabilities	0.231
	Provisions	0.062
Total Current Liabilities		12.707
Net Current Assets		10.471
MISCELLANEOUS EXPENSES		0.000
TOTAL		26.929

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Revenue from Operations	87.792	56.329	134.357
		Other Income	0.697	3.915	0.218
		TOTAL (A)	88.489	60.244	134.575
Less	EXPENSES
		Changes in Inventory	(0.218)	2.329	129.166
		Purchases	78.455	47.939
		Employee Benefit Expenses	0.694	0.544
		Other Administrative Expenses	1.204	1.637
		Manufacturing Expenses	3.259	2.161
		Extra Ordinary Items	0.000	0.025
		TOTAL (B)	83.394	54.635	129.166
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		5.095	5.609	5.409
Less	FINANCIAL EXPENSES (D)		2.356	2.560	2.968
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2.739	3.049	2.441
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.436	2.934	2.334
	PROFIT BEFORE TAX (E-F) (G)		0.303	0.115	0.107
Less	TAX (H)		0.055	(0.020)	(0.037)
	PROFIT AFTER TAX (G-H) (I)		0.248	0.135	0.144
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.555	0.420	0.276
	BALANCE CARRIED TO THE B/S		NA	0.555	0.420
	Earnings Per Share (Rs.)		1.00	0.55	0.58

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.28	0.22	0.11
Net Profit Margin (PBT/Sales)	(%)	0.35	0.20	0.08
Return on Total Assets (PBT/Total Assets}	(%)	0.93	0.39	0.27
Return on Investment (ROI) (PBT/Networth)		0.03	0.01	0.01
Debt Equity Ratio (Total Debt/Networth)		1.72	1.73	2.04
Current Ratio (Current Asset/Current Liability)		8.58	2.92	1.82

LOCAL AGENCY FURTHER INFORMATION

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	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
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	No
17) Major suppliers	No
18) Major customers	No
19) Payments terms	Yes
20) Export / Import details (if applicable)	Yes
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

Unsecured Loans	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
SHORT TERM BORROWINGS
Loans from Related Parties	0.000	0.350
Total	0.000	0.350

Note:

The registered office of the company has been shifted from Plot No.244, Sector-3, Pocket-L, DSIDC Industrial Estate, Bawana, New Delhi – 110 039 to the present address w.e.f. 15.09.2008.

Note:

No Charges Exist for Company

FIXED ASSETS:

· Bawana Plot

· Building

· Air Conditioners

· Plant and Machinery

· Computer

· Fire Extinguisher

· Generator

· Weight Scale

· Cycle

· Mobile Phone

· Vehicles

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.62.65
UK Pound	1	Rs.100.46
Euro	1	Rs.84.60

INFORMATION DETAILS

Information Gathered by :	NYA
Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	4
--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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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.