MIRA INFORM REPORT

Report Date :

22.08.2014

IDENTIFICATION DETAILS

Name :	ORBIT GREEN-TEC PRIVATE LIMITED
Registered Office :	No. 879, Arya Nagar, Ambala Cantt – 133001, Haryana
Country :	India
Date of Incorporation :	07.05.2013
Com. Reg. No.:	05-049062
Capital Investment / Paid-up Capital :	Rs. 0.400 Million
CIN No.: [Company Identification No.]	U52100HR2013PTC049062
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is in the business of sales, marketing, export, import of Energy Efficient Ceiling Fans, LED lights, Energy Efficient motors for Air conditioners, Energy Saving Exhaust Fans, Motors for Electric Two Wheelers, equipment, plant and machineries of any kind, type and descriptions and all other products which are energy efficient and fall under green technology.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Status :	New Business
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a new company incorporated on 07/05/2013, and it is establishing itself gradually. Mr. Vishal Joshi, Marketing Manager has denied to provide any information to us. Business is active as per status in registrar of companies. Payment terms are unknown. The company can be considered for business dealing 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 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

N E W S

As per the latest IMF study, the total weigh of emerging markets in the GDP of the world on a purchasing power parity basis has seen a sizeable shift. It highlights how as against 51 % in 2005, the emerging economies now account for close to 56 % of the global purchasing power GDP as per the latest survey. And with the emerging economies growing at a faster rate than their developed counterparts, there are every possibility that the their share goes up further in the coming years.  China may surpass the US over the next few years.

Politics and economics are very intricately connected. They tend to influence each other in ways that could be very complex and far-reaching. The prospects of the India’s economy have been seriously compromised due to political corruption. High inflation, poor standard of living are to a great extent a result of rampant corruption in the country. China on the other hand, seems to be facing diametrically opposite challenge. American hedge fund manager Jim Chanos has been keenly following the political and economic development in the dragon economy and has figured out something that is quite worrying. He is of the view that the Chinese economy could be heading toward trouble on account of new Chinese President Xi Jingping’s very aggressive anti-corruption drive. Chanos believes that many things such as apartment sales, luxury products, etc. were largely bought with dirty money. And it is now beginning to impact consumption. This may indeed be bad news for an economy that is struggling to transition from an investment-driven export-oriented economy to a domestic consumption-driven economy.

A study published by Firstpost has revealed that asset classes like real estate and equities were the biggest beneficiaries of the liberalization policies.  A firm called Ciane Analytics studied returns from assets including equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate outperformed every other asset classes during the 23-year period with an annualized return of 20 % ! Equities came in second with annualized return of 15.5 % ! However, while these returns may seem mouthwatering, the fact is that the return from equities adjusted for inflation came down to just 7.1 %.

Some brief news are as under

. R-Power to buy Jaypee’s hydro assets

. Investors await justice in NSEL case

. India seeks MFN status from Pakistan ahead of meeting

. Ukrain’s clashes with rebels hinder MH17 crash investigation

. India exploring merger of state-owned hydro PSUs

..Higher costs weigh down profit growth to slowest in 9 quarters

..Wal-Mart to expand wholesale business in India

. GMR group moves to strengthen balance sheet

. Central Bank to sell 4 % stake to Life Insurance Corporation

. Tata Chemicals plans to raise up to Rs 10000 mn.

EXTERNAL AGENCY RATING

Rating Agency Name	Mr. Vishal Joshi
Rating	Marketing Manager
Rating Explanation	91-171-2698043
Date	20.08.2014

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 31-03-2014.

INFORMATION DECLINED BY

Name :	Mr. Vishal Joshi
Designation :	Marketing Manager
Contact No.:	91-171-2698043
Date :	20.08.2014

LOCATIONS

Registered Office :	No. 879, Arya Nagar, Ambala Cantt – 133001, Haryana, India
Tel. No. :	Not Available
Fax No. :	Not Available
E-Mail :	info@orbitgreens.com

DIRECTORS

Name :

Brahm Deo

Designation :

Director

Address :

Lakshmi Medical Hall, Ambala Cantonment – 133001, Haryana, India

Date of Birth/Age :

13.02.1935

Date of Appointment :

07.05.2013

DIN No. :

00484466

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	U74999HR1960PTC002321	LAKSHMI UDYOG MANDIR PRIVATE LIMITED	Managing director	23-08-1976	23-08-1976	Active	NO
2	U24231HR1996PTC033030	ADVVNCED SENSOR SYSTEMS PRIVATE LIMITED	Whole-time director	20-03-1996	20-03-1996	Active	NO
3	U52100HR2013PTC049062	ORBIT GREEN-TEC PRIVATE LIMITED	Director	07-05-2013	07-05-2013	Active	NO

Name :

Rajni Kant

Designation :

Director

Address :

879, Jagadhri Road, Arya Nagar, Ambala Cantt – 133006, Haryana, India

Date of Birth/Age :

19.05.1950

Date of Appointment :

07.05.2013

DIN No. :

00484605

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	U74909HR1978PTC009051	ADVANCED MICRO DEVICES PRIVATE LIMITED	Director	06-06-1978	06-06-1978	Active	NO
2	U24231HR1996PTC033030	ADVVNCED SENSOR SYSTEMS PRIVATE LIMITED	Director	20-03-1996	20-03-1996	Active	NO
3	U29219CH2000PTC023736	PRECISION MEMBRANES PRIVATE LIMITED	Director	29-05-2001	29-05-2001	Active	NO
4	U52100HR2013PTC049062	ORBIT GREEN-TEC PRIVATE LIMITED	Director	07-05-2013	07-05-2013	Active	NO

Name :

Sharat Chander

Designation :

Director

Address :

879, Jagadhri Road, Ambala Cantonment - 133001, Haryana, India

Date of Birth/Age :

24.12.1959

Date of Appointment :

07.05.2013

DIN No. :

00258690

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	U74909HR1978PTC009051	ADVANCED MICRO DEVICES PRIVATE LIMITED	Director	06-06-1978	06-06-1978	Active	NO
2	U29219CH2000PTC023736	PRECISION MEMBRANES PRIVATE LIMITED	Director	29-05-2000	29-05-2000	Active	NO
3	U52100HR2013PTC049062	ORBIT GREEN-TEC PRIVATE LIMITED	Director	07-05-2013	07-05-2013	Active	NO

Name :

Ashawant Gupta

Designation :

Director

Address :

879, Arya Nagar, Ambala Cantonment - 133001, Haryana India

Date of Birth/Age :

04.01.1967

Date of Appointment :

07.05.2013

DIN No. :

01260329

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	U24231HR1996PTC033030	ADVVNCED SENSOR SYSTEMS PRIVATE LIMITED	Director	20-03-1996	20-03-1996	Active	NO
2	U74909HR1978PTC009051	ADVANCED MICRO DEVICES PRIVATE LIMITED	Director	01-04-1997	01-04-1997	Active	NO
3	U29219CH2000PTC023736	PRECISION MEMBRANES PRIVATE LIMITED	Director	29-05-2000	29-05-2000	Active	NO
4	U74999HR1960PTC002321	LAKSHMI UDYOG MANDIR PVT LTD	Director	29-09-2012	01-04-2012	Active	NO
5	U52100HR2013PTC049062	ORBIT GREEN-TEC PRIVATE LIMITED	Director	07-05-2013	07-05-2013	Active	NO

KEY EXECUTIVES

Name :	Mr. Vishal Joshi
Designation :	Marketing Manager
Name :	Mr. Jay Prakash Jagdev
Designation :	Company Secretary

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 22.04.2013

Names of Shareholders	No. of Shares	Percentage of Holding
Rajni Kant	10000	25.00
Sharat Chander	10000	25.00
Brahm Deo	10000	25.00
Ashawant Gupta	10000	25.00
Total	40000	100.00

BUSINESS DETAILS

Line of Business :

Subject is in the business of sales, marketing, export, import of Energy Efficient Ceiling Fans, LED lights, Energy Efficient motors for Air conditioners, Energy Saving Exhaust Fans, Motors for Electric Two Wheelers, equipment, plant and machineries of any kind, type and descriptions and all other products which are energy efficient and fall under green technology.

Products :

Ceiling Fans
Mars	Jupiter	Venus
Mercury	Saturn
Spare Parts
Fan Blade	Safety Board	Regulator
Canopy Set	Electronics	Remote
Down Rod	Main Board	Power Supply
Shackle Set	Supply Board	Driver
Safety Board
Accessories
Remote Stand

GENERAL INFORMATION

No. of Employees :	Not Divulged
Bankers :	Not Divulged

Banking Relations :	--
Auditors :	Not Divulged

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs. 1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
40000	Equity Shares	Rs.10/- each	Rs. 0.400 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

NEW COMPANY

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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
12]	Profitability for last three years	No
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	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	No
24]	Banking facility details	No
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	No
28]	Incorporation details, if applicable	No
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	No
31]	Date of Birth of Proprietor/Partner/Director, if available	No
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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

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.60.77
UK Pound	1	Rs.100.72
Euro	1	Rs.80.56

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	SUM
Report Prepared by :	MRI

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.